Now that I no longer have a car payment and our auto insurance and fuel cost has been reduced, I figured I should redo my budget for the summer. And I also needed to add a line item for a car savings account.
I also took your notes on my last budget into consideration and separated the groceries and entertainment. And I added an income line item.
Hope's Summer 2019 Monthly Budget, Rev 2
|Household (hygiene, cleaning, etc.)||$10|
|Auto - Gas||$60|
|Utilities (gas, electric, water, trash)||$300|
|Life Insurance||$23 (paid quarterly)|
|Auto - Maintenance/Fees||$30|
|Debt Payments - minimum payments|
|Sea Cadet & History Buff's Contribution||($307)|
- My income varies greatly from month to month, but this is a good average. Any excess goes to debt payments.
- I figure if I can save $800 a month towards a car…well, it’s a start of a plan in that respect.
- I think our grocery budget will go down a bit more, but don’t want to assume until I get a good feel for a new normal with the change to the summer schedule. And Gymnast will be here for the month of July and part of August.
- My travel budget can probably be cut a bit more. I’ve already booked our trip to Texas in June/July and was able to get flights for less than $80 each way. Score! More on that in a later post.
I welcome any constructive criticism on this new budget. It’s definitely not been as thoroughly thought through but I think it’s workable.