Our projected expenses is $6,527. This includes all our regular expenses including $200 towards our last debt (HELOC) and $1,000 to our "Snowball Savings Account". (We are putting this money aside because of worry about the economic situation in our country. If the storm passes, we will eventually put all this money on our last debt.)
This month's expenses also includes an additional $125 for a charity fundraiser we will be attending to benefit autism (listed under Misc.). It also includes $100 for new clothing for the children for spring clothes and shoes. (This might be a bit low, but I do have another $300 budgeted for summer clothes in June.) It also includes $300 for my daughter's braces because I had forgot my checkbook in Jan. and we missed our appointment in Feb. It also includes $50 for my cell phone as I will need to add some more minutes. (I use a prepaid phone only for important calls.) It also includes $256 for life insurance (which we pay annually instead of monthly).
Our projected savings by the end of March is $5,900. Of this, $4,400 will be in our Snowball Savings Account and $1,500 will be in our Regular Savings Account (and the $1,500 is including the $1,000 BEF).
Expenses | |
| AUTO-Excise Tax | $0 |
| AUTO GAS - BR | $200 |
| AUTO-Insurance | $120 |
| AUTO-Maintenance | $0 |
| CASH-Auto Gas JR | $100 |
| CASH-Clothing | $100 |
| CASH-Dining Out | $120 |
| CASH-Gifts | $0 |
| CASH-Grocery | $500 |
| CASH-Kids Allownce | $50 |
| CASH-Parties | $0 |
| CASH-School Lunch | $45 |
| CASH-Spending | $200 |
| DEBT-Equity Loan | $200 |
| DEBT-Visa | $0 |
| HOME-Cable/Phone | $181 |
| HOME-Electric | $180 |
| HOME-Water | $0 |
| HOME-Furnace | $0 |
| HOME-Mortgage | $2,327 |
| HOME-Oil | $400 |
| HOME-Trash | $65 |
| KIDS-Bball | $0 |
| KIDS-Misc. | $0 |
| KIDS-Piano | $0 |
| KIDS-Preschool | $0 |
| MISC. | $125 |
| MISC. | $0 |
| PERSONAL-Cell Ph | $50 |
| PERSNAL-Contacts | $0 |
| PERSONAL-Lif Ins. | $256 |
| PERSONAL | $8 |
| PERSONAL-Rx | $0 |
| PERSONAL-Braces | $300 |
| PERSONAL- Sprts | $0 |
| PERSONAL-Vaca | $0 |
| TO SAV E.D. Snowb | $1,000 |
| TO SAV ING | $0 |
| TOTAL | $6,527 |
| INCOME | March |
| 1st Paycheck | $2,220 |
| 1st Commission | $1,300 |
| 15th Paycheck | $2,220 |
| Church Pay | $100 |
| Jewelry Pay | $150 |
| Other | $0 |
| Transfer fr Savings | $600 |
| TOTAL | $6,590 |
| CASH FLOW | March |
| Beginning Balance | $0 |
| '+ Income | $6,590 |
| Subtotal | $6,590 |
| '- Expenses | $6,527 |
| Subtotal | $63 |
| Save For Next Month | $63 |
| Ending Balance | $0 |
| SAVINGS FLOW | March |
| Beginning Balance | $5,500 |
| +Transfer to ED sav | $1,000 |
| +Trnsfer to ING sav | $0 |
| Subtotal | $6,500 |
| '- Trnsfer fr Savings | -$600 |
| Ending Balance | $5,900 |
| | |
| SAVINGS BALANCES | |
| E.D. Snowball Total | $4,400 |
| Ing Savings Total | $1,500 |
| Total Savings | $5,900 |
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