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Revised Budget

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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

DescriptionMonthly Budget
Income$3,850
EF Savings$100
Car Savings$800
Rent$650
Groceries$500
Entertainment$200
Household (hygiene, cleaning, etc.)$10
Auto - Gas$60
Auto/Rent Insurance$150
Utilities (gas, electric, water, trash)$300
Life Insurance$23 (paid quarterly)
Buffer
Kids Activities$83
Gifts$83
Clothing$100
Travel$500
Auto - Maintenance/Fees$30
Debt Payments - minimum payments
Student Loans$100
Credit Card$62
Collections$0
Sub-Total$3,811
Sea Cadet & History Buff's Contribution($307)
Total Personal$3,504

Notes:

  • 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.


How I Make Ends Meet as a Freelancer With Unpredictable Pay

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make ends meet

I’ve been a full-time freelance writer and web designer for 11 years now. For some of that time, I was married, and my then-husband worked full-time, so I was able to lean on his income during the times when my clients didn’t pay according to the terms of our arrangement. Also, for some of that time, my ex-husband was a full-time student, and I was able to keep us afloat while he earned his culinary degree.

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