Thursday, May 29, 2008

June 2008 Budget

Here is our budget for June 2008. Hoping to do much better in June than in May. May was by far our worst month on plan since we started in February 2007. Not only was it the first month that we were not able to pay anything towards our snowball, only paying the minimum on our last debt, but we also "adjusted" our budget by $3,000 in basically unaccounted for expenses.

(I do not have the energy to go through the entire month to account for everything. Some of the expenses were necessary and legitimate and many were not. I am choosing to just start fresh on June 1st.)

Most of our June budget is pretty average and self explanatory. The "other" income of $957 is money my sisters will be paying me back for plane tickets I paid for for out summer trip together to visit our parents.


Expenses
June
AUTO-Excise Tax $0
AUTO-Gas $350
AUTO-Insurance $138
AUTO-Maintenance $0
CASH-Clothing $0
CASH-Dining Out $120
CASH-Gifts $70
CASH-Grocery $500
CASH-Kids Allowance $50
CASH-Parties $0
CASH-School Lunch $36
CASH-Spending $200
DEBT-Equity Loan $1,900
DEBT-Visa $0
HOME-Cable/Phone $181
HOME-Electric $220
HOME-Furnace 0
HOME-Mortgage $2,328
HOME-Oil $350
HOME-Trash $65
KIDS-Bball $0
KIDS-Misc. $0
KIDS-Piano $0
KIDS-Preschool $0
MISC. $0
PERSONAL-Cell Phone $50
PERSONAL-Contacts $0
PERSONAL-Life Ins. $0
PERSONAL-Newspap $8
PERSONAL-Rx $0
PERSONAL-Braces $100
PERSONAL-BR Sports $0
PERSONAL-Vacation $0
TRANSFER-To Sav 2 $200
TOTAL $6,866


INCOME June
1st Paycheck $2,588
1st Commission $500
15th Paycheck $2,588
Church Pay $100
Babysitting Pay $160
Other $957
Transfer from Savings $0
TOTAL $6,893


CASH FLOW June
Beginning Balance $241
'+ Income $6,893
Subtotal $7,134
'- Expenses $6,866
Subtotal $268
Save For Next Month $268
Ending Balance $0


SAVINGS FLOW June
Beginning Balance $10,642
'+ Transfer to Savings $200
Subtotal $10,842
'- Transfer from Savings $0
Subtotal $10,842
Ending Balance $10,842