Monday, May 5, 2008

May 2008 Budget

Here is our budget for this month. Our very large "other" income is our tax refund that just arrived. (We have changed our withholding so that next year we will not get such a large refund.)

Our "misc" expenses of $1,060 is for our purchase of a used riding lawn mower.


Expenses
May
AUTO-Excise Tax $0
AUTO-Gas $350
AUTO-Insurance $138
AUTO-Maintenance $400
CASH-Clothing $0
CASH-Dining Out $120
CASH-Gifts $65
CASH-Grocery $400
CASH-Kids Allowance $50
CASH-Parties $0
CASH-School Lunch $36
CASH-Spending $160
DEBT-Equity Loan $200
DEBT-Visa $0
HOME-Cable/Phone $181
HOME-Electric $160
HOME-Furnace 0
HOME-Mortgage $2,328
HOME-Oil $350
HOME-Trash $0
KIDS-Bball $0
KIDS-Misc. $0
KIDS-Piano $0
KIDS-Preschool $175
MISC. $1,060
PERSONAL-Cell Ph $0
PERSONAL-Contacts $99
PERSONAL-Life Ins. $0
PERSONAL-Newspap $8
PERSONAL-Rx $10
PERSONAL-Braces $500
PERSONAL- Sports $0
PERSONAL-Vacation $0
TRANSFER- Savings $10,000
TOTAL $16,790




INCOME May
1st Paycheck $2,220
1st Commission $1,061
15th Paycheck $2,177
Church Pay $100
Babysitting Pay $160
Other $10,925
Transfer fr Savings $0
TOTAL $16,643




CASH FLOW May
Beginning Balance $338
'+ Income $16,643
Subtotal $16,981
'- Expenses $16,790
Subtotal $191
Save For Next Month $191
Ending Balance $0