What does your budget look like???

[Thrifty Ray]

Re: What does your budget look like???

This is for 2 adults + 1 teen + 4 labs. The satellite and electric also include usage for my parents.

3480 combined income
-1450 mortgage
-68 satellite
-100 electric
-630 Freedom account- includes ins, medical, clothes, savings, etc.
-48 union dues
-120 Christmas Account
-15 Birthday Club
-400 groceries- which also includes all household supplies
-49 phone
-60 cell phones
-320 DH allowance- gas, tool purchases for work, and entertainment
-80 my allowance- gas and free money
-80 DD3s allowance-must pay for lunches, activities and friends gifts
-60 dogs

0

[Fizgig]

Re: What does your budget look like???

Okay, I'll jump in.

Single girl, two small dogs, making about $3300 net a month.

760 Mortgage
100 Entertainment
60 Food : Dining Out
180 Food : Groceries
70 Personal Care
40 Pet care
50 Household
65 Bills : Cable/Satellite Television
170 Bills : Electricity
50 Bills : Online/Internet Service
60 Bills : Student Loan Payment
35 Bills : Telephone
30 Bills : Water & Sewer
85 Automobile : Gasoline
60 Insurance : Automobile
600 Savings : Emergency Fund
500 Savings : Home repairs, taxes, insurance
200 Savings : Splurge Fund
3,115 Total Expenses

There are some cateogies that are suspiciously missing, but I use my savings for them. Healthcare comes out of the emergency fund, and clothing or other purchases come out of my splurge fund. I don't feel like shopping every month, so I save it up so I can go on a hell of a spree without regret. I also save in my company 401k, but since it's not net income I don't count it.

[amberfocus]

Re: What does your budget look like???

This is the budget I'd like to stabilize at once everything settles down.

BTW, I live with a roommate, but I pay for just me. I graduated from college earlier this year, so I'm just starting out.

Gross monthly income: $2600
Pre-tax 403(b) deduction: $525 (20%)

Monthly take-home pay: $1700 (ish?)

Household expenditures:

- rent: $500
- groceries: $60
- utilities (split w/ roommate)
- cable modem: $23
- electricity: $25
- natural gas: $30
- cellphone: $10 (family plan)

Debt:

- student loans: $133

Misc.:

- union dues: $40
- health/dental/life insurance: free
- transportation: $20

Savings:

- Roth IRA: $333.33 (auto-transferred in weekly installments to Vanguard)
- emergency fund: $200 (auto-transferred once a month; goal: $5K)
- house fund: $50 (auto-transferred once a month)
- car fund: $200 (auto-transferred once a month; goal: $3K)
- savings buffer: remainder

I am living exclusively on my current job's income. It's a little tight at the moment, but it keeps me on track.

I do have a separate subaccount with money that I saved during high school and college, as well as some money from my father. It's there in case I go red, but otherwise, I don't touch it. That sum is earmarked for mutual fund investments once I reach my emergency fund goal.

In actuality, my 403(b) hasn't kicked in yet, I'm deducting $170/week ($700/mo) for my Roth because I only started this month and need to catch up for this year, I only paid $275 for rent total in the past two months because I'm living on a living room futon until my room frees up in October, and my father refuses to let me pay for my cell phone. Oh, and I might put my car fund on hold.

But you get the general jist of the situation.

~mimi

[PrincessPerky]

Re: What does your budget look like???

Ill go edit mine to put in 5 people 2A2 small kids, one toddler still nursing part time, charlotte NC no pets (K trhe cats out back but we on't buy anything for them)

[pearlieq]

Re: What does your budget look like???

Sooooo...looks like I'm the libertine here .

Just kind of confirms my suspicions that we could do better. Maybe I'll have to sit down this weekend and tinker a bit. And then see if I can get my good-time Charlie (ahem, I mean my DH) onboard!

Very interesting idea for a thread. Thanks for playing, everyone!

[Great to be Debt Free]

Re: What does your budget look like???

Okay, here goes: 2 Adults now living in 2 different places Dh is now in hotel, but soon apartment., but his expenses will be less than the daily stipend, so we aren't budgeting them as of yet (he just moves in this weekend) but will come out of stipend money and the rest goes to savings.
Our budget is based on 2 paycheck months on regular take home pay, no overtime (that all goes to savings) and the 2 extra paychecks fund the gift budget and travel budget for the year

Take home -- biweekly 2200
Mtg: 1200
HOA: 37
Elec/Gas: 180
Cable and internet: 36
phone (mobile plan for 2 phones, no landline): 95
water/sewer: 20
Grocery: 225
Dining out: 50
Home repair: 150
Clothing: 40 each
Dental: 400 (last month is the end of dental work for the year, tehn this rolls to our maintenance fees on timeshare prop.s)
Chiropractic: 125
meds/vits: 20 (will have to go up once I have new Rx)
car maint/repair/tires: 200
gas: 125
gym: 118
charity: 440
hair care: 36
toiletries/household cleaners: 20
cosmetics: 10
incentive money (mad money): 200
education: 50
insurance: 250
entertainment: 50
misc: 100
Blow money: 100
car savings: 150
All overtime and extra money from bonuses, etc goes to savings, plus 401 K investments. all told, last month we socked away about $4000 for saving and investing.

[Dido]

Re: What does your budget look like???

Here's mine for one person, 1 dog, 2 cats
Income about 3000 from full-time job at the moment; I also have a temporary part-time job that goes towards paying off debt and increasing savings

Mortgage & Escrow 725
Utilities 300 (half is gas for heating)
Other Household 125 (repairs, supplies, furniture, small appliances)
Transportation 225 (gasoline, service, insurance, tags, tolls)
Food 350 (big category I need to cut)
Medical 175 (95 towards insurance at work + glasses, co-pays)
Pets 125 (I just upped this after yesterday's $$ vet visit)
Personal (clothing, gym etc) 85
Education 100 (I take 2-3 college classes/year)
Business 50
Entertainment 25
Charity 65
Gifts 30
Savings 600 (or goes towards credit card payoff when I have one; usually I keep the CCs at zero)

[Kris10Leigh]

Re: What does your budget look like???

I'll play.
2 adults, 2 kids, one 6 1/2 lb dog (expense is barely worth mentioning)
ALL of our bills are paid from "my" money, so I don't budget it. The account just takes care of itself.

Here is what we DO budget and it's simple:
Food: 400
Gas: 200
Freedom account: 600 (Christmas, birthdays, amusement park, childcare, lawncare, school expenses, car renewal, professional organization dues and renewal, Dr visits)
debt reduction: 400 (This is in addition to DH's part time job. The enitre part time check goes to debt as well.)

Pretty simple

[Diolla]

Re: What does your budget look like???

Tithe-194
Mortgage-166
Life Ins-42
Utilities-244 (inc, elec, gas, water, cable & internet)
Child-220 (includes allowance, bus pass, lunches, tutoring)
Spending Money-60 (me)
Clothes-20
Food-200
Gasoline-80 (this goes down when I am not in school)
Gifts-30 (including Christmas)
Household-20 (all those misc things like light bulbs, batteries etc)
Maintenance & Repair-20 (car and house)
Medical-30
Pets-20 (1 dog, 2 cats)
Phone-20
Vacations-20
Emergency Fund-500 (this is my focus right now, debts are paid except mort)
Insurance-30 (car and homeowners paid yearly)
Taxes-38 (property tax)

Take Home pay $1934
Supporting 1 adult and one teenager
(I also get $400 a month in Child Support but it is all going to re-fund my son's college fund which got raided for necessities before budget)

If anything comes in under budget I transfer it to a miscellaneous category to help smooth out unexpected expenses. Currently this buffer is $58.

[ummabdullah]

Re: What does your budget look like???

take home pay $5,700 or £3,200

$ 540 or £300 for groceries, formula(1 baby), milk, diapers (2 kids), neccesities for the house like bleach, mops.. ectr.. whatever pops up.

$450 or £250 for petrol/gas for hubbies work ( i don't drive)

$135 or £75 a month for electricity and gas ( I have a leak in my boiler cost $2,520/£1,400 new one)

$ 36 or £20 for water (fixed rate)

$54 or £30 for my phone/internet
$18 or £10 for tv license (the law to have a tv in uk)

$756 or £420 for my husband medical fees (to practice medicine) I didn't include this in his take home pay
$72 or £40 for insurance
$200 or £120 a month for bits and bobs that we missed..
$180 or £100 to my husbands mother (we don't owe her.. accept that she gave me a wonderful husband and for that I am grateful)
$180 or £100 for any food my husband mothers would like to buy...
$180 for clothes


Total expenditures without a mortgage or car payment is $2,881 or £1,600 a month

£1,600-420= 1,180 a month expenditure.. £200 we give my mother in law..
$2881-756=2125 spending a month in dollars.. $360 we give my mother in law

we save a total of $3575 a month or almost 2,000. However quite a significant amout of this is eaten up by yearly expenses.. such as a new car, or repairing any household items, yearly medical fees ectr ectr...
I would say we prob. save about £1,200 / $ 2,160 to put in our savings for retirement at the moment.. with a mortage that savings will be eaten up.

[sakigt]

Re: What does your budget look like???

Just me an my 2 cats

Taken out of paycheck: Healthcare and 401k

Paid Biweekly
$800 - Mortgage
$800 - All bills + debt

Anything over $800 goes to extra debt

I also get $500~ a month from my roomate. This covers:

$50 vacation fund
$160 in gas (a week)
Plus everything else, like clothes and food

[LuxLiving]

Re: What does your budget look like???

okie-dokie this is me myself and I (not my family budget) for September:

Tithe 12%
Emergency Fund 13.4% (family's is already fully funded w/years salary, but I didn't have a personal one so this is priority one for me.)
Roth IRA 8.7% (this is smaller this year because The Hubster put a big chunk in for me earlier in the year)
Long Term Savings 1.9% (investment seed money-waits for proper invst. vehichle)
Short Term Savings .6% (projects-like now I'm saving for a new bathroom window - The Hubster could care less about replacing it, but it's important to me so I save for it out of my bit o'income.)
Certificates of Deposit 5.0%
Savings Bonds 8.4% (this will not be in Oct budget unless rates go back up! will have to figure somewhere else to invest this portion.)
Truck Replacement Fund 4.0% (this is for vehicle after next which is already covered)
Vacation 1.5%
Florida Taxes .2% (this is for 2008 taxes since 2007 is already in a CD - for timeshare)
Gifts .8%
Misc. 6.3% (too much but trying to round it up to a nice 250.00 buffer - yeah I know I have an emergency fund myself and the family has one, but still SAFETY conscious-I pretty much refuse to spend out of this, but it's here IF we ever need it. A relatively new category for me.)
Inventory 12.8% (this should be more but for now is small because of all I'm selling from FIL's estate and I have enough in my basement to keep selling til mid '07!)
Household/PaperGoods 6.7% (needed to refill alot of gaps this month normally abt 2.0%)
Subscriptions/Dues 0.1%
Entertainment 0.2%
Books 0.2%
Postage 0.3%
Spending/Blow Money 1.2%
Retirement 11.5%
Kitty (Checking Acct Buffer) 0.5%
Gasoline 3.7% (low because I hitch my errands to runs in the boys cars)

Clarity - family budget also contributes to the entertainment, postage, vacation, gift and Florida taxes above what you see here. Family budget also pays it's tithe separately. Groceries and other housing, utilities, insurance etc. is in the separate family budget.

[humandraydel]

Re: What does your budget look like???

Monthly budget for 1 25 year old male (groceries for 2)


Rent (gas, elec, water included).......500
Car............................................... .....240
Car Insurance...................................160
Gas............................................... ....100
Student Loan....................................470
Groceries......................................... .300
Misc.............................................. ......30
Roth.............................................. ....300
Long Term Savings............................200
Short Term Savings...........................100
Entertainment/Extra..........................300

Total Expenses.................................2700
Total Net Income..............................2700

401k (including match).....................580

Student loan debt takes a pretty big bite, as does the car expenses. I've learned my lesson on new cars, that's for sure!

[pearlieq]

Re: What does your budget look like???

Monthly budget for 1 25 year old male (groceries for 2)

You're setting yourself up for a nice future. Good for you!

And, of course, WELCOME!!!

[greedy4chips]

Re: What does your budget look like???

Income $7000 + or - $100 depending on wife's OT.
Savings $2500
Expenses $4500 or less and left over amount is left in checking

Unfortunately, we gave up the budget when we were basically debt free besides the house. We just don't worry anymore about money. We actually seem to have too much of it now.

I am not bragging, but we went thru the very tough times and all the arguements over simply buying soda for work. I decided coffee was cheaper and did the same for keeping me alert at work. We sacrificed for almost 3 years to get to where we are now and we actually feel free! I cannot wait until the house is paid for in 10 years!!!