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Ashley’s September 2015 Budget Update

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Things were pretty ho-hum in terms of spending and budgeting in the month of September. No spending was crazy or out-of-line with what would be expected. Here’s our budget from September:

 

Place Amount Spent
Rent 1200
Electricity 251
Water 60
Natural gas 34
Cell Phones (2 lines) 82
Cable/Internet 97
Car Insurance 117
Trash 35
Preschool 916
Gift-Giving 30
Personal Maintenance 14
Restaurants 105
Groceries 601
Gasoline 74
Household Goods 50
Clothing 81
Toddler purchases 0
Postage 14
Rainy Day Savings 225
Savings Goals 500
Debt Payments 2564
Total Budgeted $7050

 

Last month I’d reported issues with both my cable and cell phone bills. I was happy to report when both of those issues are resolved.

The $50 household goods charge was for all those Bath and Body Works candles I bought (remember?) And the clothing purchases still never did include those black pants I was after (in fact, I didn’t go shopping again for the rest of the month after that incident). But the first weekend of October I managed to score a really cute pair for 50% off at Banana. That place is becoming my gold mine! (side note: how is a plain pair of black pants “super cute,” you may ask? Aren’t’ they all rather plain? And the answer is no. The ones I got are adorbs. They’re ankle-pants, like the new kind that are in style now. I know that’s not necessarily great long-term since they’re likely to go in and out of style, but I lurve them! They’re super flattering, go with a ton of stuff, and I will get lots of wear out of them!)

Our rainy day savings was a little slim this month:  $200 toward our dental fund (in anticipation of hubs’ upcoming dental work needs) and $25 toward the girls’ college savings. Nothing else. I’ve really gotten a little too close to the line on our savings. I’ve been a little skimpy in favor of making larger debt payments. But this needs to stop.

We’ve got to beef back up our:

  • 3-6 month EF (which we depleted down to about $1,000 back in August and have never replenished)
  • car repair fund (which we always end up depleting everytime it gets to about the $1,000 mark. Right now we only have $75 in it!)
  • annual fees fund (which is just silly to neglect because these are known and expected expenses)

So those will be priorities in the coming months.

The $500 toward our savings goals represents the $500 funneled toward Cruise 2016 (only 6 more months until the sale date! We booked 12 months in advance so it feels like it’s really coming up even though its still half a year away!)

That’s it for this month!

How was your spending in September? Are you anticipating any big holiday spending in October? I’ve really been trying to keep my eyes peeled for possible Christmas gifts. I’d rather spread out the shopping a little instead of having it all concentrated in December!


Ashley’s August 2015 Budget Update

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Awww, September! As much as I love August I welcome September like a breath of fresh air after the wicked heat of summer. Here in Tucson it’s still HOT (so don’t get me wrong). But we start to notice a cool down particularly in mornings and evenings and it becomes beautiful to hang out outside after dinner, letting the girls run around, enjoying a slight breeze, and chatting with hubs. Good times to look forward to as I welcome Fall weather with open arms!

In the meantime, here’s how our budget from August ended up shaping out:

Place Amount Spent
Rent 1200
Electricity 245
Water 53
Natural gas 17
Cell Phones (2 lines) 150
Cable/Internet 40
Car Insurance 118
Trash 35
Preschool 1116
Gift-Giving 85
Personal Maintenance 12
Restaurants 88
Groceries 566
Gasoline 86
Household Goods 93
Clothing 102
Toddler purchases 30
Rainy Day Savings 300
Savings Goals 600
Debt Payments 2204
Total Budgeted $7140

 

Things to note:

  • Increased rent: I wrote here about how our rent increased. This was our first month at the new rate.
  • Electricity: Still high as the sky, but in-line with last year’s August budget (August 2014’s electricity was $251, so this year we were slightly lower). We can just gear up for a high September electric bill, too, because its going to happen.
  • Cell phones: This category is a bit of a mess that will hopefully be straightened out in the coming months. Remember that we switched to T-Mobile from Sprint earlier this month to save some money (and it also came with a few additional perks, mentioned here). Well we got a ridiculously high Sprint bill after we cut our service ($250!!!) T-Mobile is supposed to credit our account for the equivalent amount so, in theory, we will have no cell phone bill for a few months until the credit has been run down. So I “cheated” a bit here. The full amount we paid was $250, but I put $150 in August and $100 in September to try to spread out the pain a little. It should work out since we’ll have no bill in September. This is something I’ll continue to monitor to make sure everything worked out in the wake of our switch.
  • Cable/Internet: This was a bit of a mess, too! Generally our bill is about $110/month. In August I received a bill for nearly 50% more than what I’d expected. When I called to ask about it I was told we’d been in some promotional package for years and it had finally expired so our bill would increase. I was not willing to pay a 50% increase so I tried to work with them to get us into a better package. Long story short, I had to make 3-4 calls and physically go into a Comcast store to have everything fully resolved. We should now be back in a plan that costs $100/month (probably closer to $110 when taxes are factored in), and we were given credits in August for all the hassle and headache. So this is a temporarily low bill and hopefully in September things should be back to normal in this category.
  • Preschool: This category is also a little lower than is normal. This is the amount we pay for the regular Monday-Friday preschool, but the normal day ends at 3:00pm. We pay extra to have the girls stay longer (hubs usually gets them at 4:00pm), but so far we have NOT been charged for the extra time they’re in school. This was the first month of preschool so I’m not sure what the billing cycle is yet for the extra time, but I know it’s charged separately from the regular bill so I anticipate it coming sometime soon.
  • Household Goods: This included a Costco haul with some paper products (e.g., toilet paper, tissues) and some cleaning supplies at the regular grocery store.
  • Clothing: I discussed how I was budgeting $100/month for new work appropriate attire. This month I got new shoes from DSW and a new bra from Victoria’s Secret (the last bra I bought was from when I was immediately post-partum/still breastfeeding, so I was in sore need of a new bra!)
  • Toddler Purchases: This is just from their Halloween costumes (I wrote about the great deals at Costco and they still have tons of costumes in my area.)
  • Rainy Day Savings: I put $300 toward different rainy day savings categories. This includes:  $75 (car repairs), $50 (travel/Christmas), $75 (health/dental/vision), $75 (annual fees), and $25 (Girls’ college savings). HOWEVER, I should also mention that I withdrew $307 from different savings funds (I keep all my savings in Capital One 360 due to their higher interest rate <refer a friend link). I withdrew $100 from health/dental/vision to pay for my contacts, like an idiot (because now I have insurance!!! I’m going to try to submit the receipt and see if I can be reimbursed). I also withdrew $207 from my annual fees fund to pay for my annual premium of life insurance.
  • Savings Goals: This is $100 for a Roth IRA and $500 for Cruise 2016.
  • Debt Payments: Still chugging right along with debt payments. This is slightly more than last month, but still right around our typical debt payment size.

Related to debt payments, I’ve made the executive decision to cheat a little bit on our “living on last month’s income” ideal. We’re still living on last month’s income, BUT September is the first month where I’ll earn double-income (from my part-time job in addition to my full-time job. Remember, I wasn’t paid from my part-time job in August due to regular schedule of payment).

Soooo, I’ve decided to allocate my regular full-time paycheck toward living on last month’s income (so it will go toward expenses incurred in October). BUT I’m going to keep my part-time paycheck for use during September to help speed up debt payments. I’m just REALLY itching to make some higher debt payments and it’s been a real bummer to have started this job nearly 2 months ago and not have made any really killer debt payments yet! Rather than waiting and putting that off until October, I’m going to dive in THIS MONTH with some higher debt payments by putting a portion of my part-time pay toward debt in September. Right now I’m thinking I may allocate 50% toward September and keep 50% allocated toward October. But I want to discuss it further with hubs to make a final decision. I just know that I’m itching to make some big debt payments and I can’t wait until October. Some of it is going down SOON!!!!

So that’s how August shaped up and some plans for how I plan to handle September’s debt.

 

Where are you in your debt repayment? How was your monthly budget in August?