I have had a couple of you ask about how we set up our monthly budget. Here it is and what comes out. Check out Thrifty Florida Mama for a really good budget set up and debt snowball repayment plan.
Here it is in the raw. Not all of these things are paid monthly, but we put back for them monthly.
House ins. $59
Cells (2) $85
Home phone, cable & Internet $132
Trash pick-up $17
Groceries (including cleaning, paper, wipes, diapers, etc.) $350
Eating out/Entertainment $45
Gas for both vehicles $440
Vehicle repairs/oil changes $25
Clothing & Cleaners $20
Doctor, Dentist, eye dr. $60
Life Ins. $109
Sitter/mother's helper $40
Toiletries, hair care, cosmetics $13
Gifts & Christmas $35
Vacation (not currently funding)
Blow $$$ $90
Postage/ Batteries/Pictures (printing) $30
Gas card (balance $600ish) $300
Visa card (balance $2600) $100
Our home and both vehicles are paid for in FULL. Thank you Lord! Those are payments that we do not have. Once the gas card is paid off then the $300 will be applied to the Visa. If we have more then we pay more.
I will be going back to work part time starting in June (if we have a crop) so that will help a great deal. The sitter category will increase then.
We have our Emergency fund of $1000 set up. once we pay off our 2 credit cards we will set up our other emergency fund of 3-6 months of living expenses ($7,000-$14,000).
Then we will start all of the other Dave Ramsey steps. We are going at it somewhat backwards, though it was before we found Dave that we did that.
Tell us about your debt and how you are paying it off. I would love to hear from you.....ALL!