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Posts tagged with: Spending Money

An Expensive Week

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It has been an insanely busy and expensive week. I have no one to blame but myself. But I’m so glad all the plans came together. And more importantly that it’s over!

In fact, all this season’s competitive sports travel is over for the season. Yeah! My wallet and car both need a break.

The End of the Volleyball Season

We began last Friday with a 3 hour drive to Charlotte for Princess’ last volleyball tournament. My parents arrived from Texas just a couple of days in advance and we drove up together.

Two nights in the hotel in downtown Charlotte. Thank goodness for free breakfast! And 3 days of eating out. Ouch! (Princess’ team won their first game, but lost the subsequent 5.)

Chauffeur Duty Help

I am so glad that my parents were able to make this trip. We took their van to Charlotte and they covered the travel costs AND I didn’t have to drive!

We drove back home on Sunday to prepare for the arrival of two of my brothers and sister on Monday. While my dad drove to the airport to pick up my siblings and then took Gymnast to train, I drove an hour to meet with a new part time client. Yeah!

Party Time

Then Tuesday was a whirlwind of activity in preparation for a High School Graduation Celebration for Sea Cadet. Our local church was generous enough to allow me to host it in one of their larger rooms. I invited 40 people and planned to have a buffet style dinner and dessert catered.

Of course, I had planned all this before the job debacle. I’ll write soon on how the party turned out and how I pulled it off on a shoestring budget.

Last Gymnastics Meet

To end the week, Gymnast and I drove the six hours to Jekyll Island for him to compete in the USAG Men’s Gymnastics Regional Meet tonight. My parents will drive down today and then leave tomorrow to return to Texas.

Tomorrow, we will return home, and all travel for this years sports season will officially be complete. I LOVE to travel and I LOVE my kids participation in sports. But I am so glad for this season to be over. It has been so busy!

I don’t know what the future holds as far as sports go as we are again facing a super tight budget with my job loss. But for now, I am really glad we made it through this season. Both kids did really well, learned a lot and made some friends. Now, I plan to enjoy a week or two with nights at home, cooking dinner, cleaning house, all the “normal” weeknight family activities!


Hope’s Monthly Budget – Fall and Winter, 2017

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This is my current monthly budget. A debt update is coming up next. I think most of this is self-explanatory, but I’ve added a few notes below.

Budget

Personal ExpensesBusiness ExpensesSummary
Allowance400Adobe30Total Personal3634
Auto – Gas/Main250Cell Phones286Total Business509
Auto/Rent Ins315Dropbox (annual – Oct)8Total Debt Payment1920
Clothing (bi-annual)150Internet77Total Monthly Costs6063
Electric150Microsoft (annual – Jan)8
Groceries/Eating Out600Misc100Income
Gymnastics350Total Business50910993200
Health Ins305W-23462
Life Ins (annual – Dec)21Debt Payments
Rent650Car Payment400Total Income6662
Spending200CC100
Water/Gas/Trash75Computer Equipment85Savings Goals
Spanish160Other500Emergency Savings Goal700
Amazon Prime (annual)8Self Lender (Christmas)97Couch
Student Loan307
Summer Camp/Activities375
Universal56Total Savings Goals700
Total Personal3634Total Debt Payment1920Total Extra Income-101.0

Details

Monthly Expenses – These are our day to day living expenses. Many have some flex money built in, specifically gymnastics which typically runs $240 per month. I added the extra money to cover the competition costs that must be paid during competition season (Nov-Apr.) I don’t know how much they will be with our new gym, last year I paid $600 in meet fees. Spanish is new. I’ve hired a online tutor to work Princess and Gymnast 1 hour a week, this was our first week.

Business Expenses – I’ve added my regular business expenses including our cell phones, internet and so on because I thought my budget would look funny with out these important expenses. (These are associated with my contract work.)

Debt Payments – I have another post on this category coming this week. I am grateful that a lot of this debt is chosen – summer camps and activities, Universal and a Self Lender loan (a chosen debt in an attempt to help repair my credit) versus stupid decisions or debt hoisted upon me by other’s decisions.

Income – I continue to work three jobs regularly, and have recently picked up a couple of new smaller contracts so we will see how they work out. The kids are starting to ask when I will cut down on my work hours. But I am not there yet.

Savings Goals – My emergency savings is still my #1 goal. But I am starting to think of other “things” I would like, specifically a couch. I’ve put it on the budget as a holding place, but I am not actively pursuing it at this time. In my head, I’m thinking next summer for a couch.

Summary

I am in the negative as far as this budget goes. Reality is that I spend quite a bit less than this on a regular basis, but there are certainly months where it is more. I feel like this is a true representation of where my money goes on a monthly basis.

My FSA, vision and dental insurance and 401K deductions all come out of W-2 income. I have consulted with an accountant and for this year, I am in a good place tax wise due to the Adoption Tax Credit. I will have to adjust my tax rate for next year.


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