I was recently asked to give a breakdown of our budget. Like I mentioned in a previous post, Jason and I sit down together to hand write our budget every month. We allocate our money to each category. It is a freeing feeling to “tell” our money where it is going to go each month, rather than it "telling" us.
We use the worksheets copied from the back of Dave Ramsey's book, "The Total Money Makeover". Below I have made a chart that is based around the worksheets from the book. I began by listing our pay periods, then our income, followed by all of our outgoing bills, debts and living expenses. You will notice that each column's balance is zero...that is part of telling our money where it will go/belongs. (Side note: I’ve compiled our debts into two small categories rather than listing them all separately.)
| Pay Period: | 1st | 10th | 15th | 20th |
| Income: | $2,736.31 | $875.00 | $2,736.31 | $1,122.94 |
| Housing: | ||||
| Rent | $1,300.00 | |||
| Mortgage | $342.25 | $875.00 | ||
| Utilities: | ||||
| Utility | $160.00 | |||
| Cell Phone | $200.00 | |||
| Internet/Cable | $100.00 | |||
| Food: | ||||
| *Grocery | $200.00 | $200.00 | ||
| *Restaurant | $40.00 | $40.00 | ||
| Transportation: | ||||
| *Gas | $40.00 | $40.00 | ||
| **Oil & Repairs | $20.00 | $20.00 | ||
| Car Insurance | $113.16 | |||
| Clothing/Laundry: | ||||
| *Kids/Adults | $10.00 | $10.00 | ||
| *Laundry | $20.00 | $20.00 | ||
| Medical: | ||||
| *Medicines | $10.00 | $10.00 | ||
| **Dr. Visits | $10.00 | $10.00 | ||
| Personal: | ||||
| *Baby Items | $20.00 | $20.00 | ||
| *Cosmetics/Ect | $20.00 | $20.00 | ||
| *Jason Work F/D | $25.00 | $25.00 | ||
| Recreation: | ||||
| *Entertainment | $20.00 | $20.00 | ||
| Debt: | ||||
| Credit Cards & Loans | $545.90 | $1,029.44 | $175.00 | |
| Car Payment & Medical Bills | $811.87 | $947.94 | ||
| Final Balance: | $0.00 | $0.00 | $0.00 | $0.00 |
*I’ll follow this post with a breakdown of our monthly cash expenses.
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