South County Girl: June Budget

Friday, June 1, 2012

June Budget

Looks like a few new changes for us this month. We have decided that since i'm regularly attending SCB's church that we will resume trying to give despite his lack of job at the moment and our unsure basis with unemployment. It just feels like we have been missing something not doing it the past few months so while it means our budget is going to get tighter, its something we feel like we need to do at this point in time...

I'm proud that we were able to rein in some of our spending last month to help prepare us for the changes happening this month. We spent 66% less on eating out this month then we did last!

As for ongoing items, We still need to get SCB to the dentist and therefore have not touched our $2600 slush fund. We are hoping that this month we will finally be able to get it taken care of!

After the dental is done, we'd like to replace the fan/vent in the bathroom, finish the trim and paint on the laundry room door we installed 6 months ago, get that car fund to $1,000.00, set aside gas money to go out to Utah over the holidays ($300), and toss a few extra bucks at the mortgage if we are able.... Mind you that all comes only after we max out my Roth IRA.

We have amphibious goals... and to be honest, they are a bit daunting at the moment.

Here's our June Budget:

Paycheck #1:

Mortgage (P&I, Property taxes, MIP): $808.18
Giving $120.00
Groceries & Food: $250.00
Prescriptions/doctors appointments: $21.22

Paycheck #2:

Giving: $120.00
HOA: $262.50
Insurance (2 Autos, earthquake, homeowners) $143.00
Utility Bills (2 Cell Phones, Electricity, Internet): $230.00
Prescriptions/doctors appointments: $10.00
Gasoline/Auto: $150.00
Christmas: $50.00
Date Nights/ Spending Money $80.00
Roth IRA $153.90

So if you can do the math, our Roth IRA is going to come up short by 114.82 a month (assuming we dump $1,000 of each "extra check" I get into the Roth this year).

We also lost our birthday savings fund ($50 a month) and we really reduced our gasoline/auto monthly allotment.

So any overtime and extra windfalls will first go to the Roth IRA to catch it up before its applied anywhere else. We will see how it works next month. I know I will have holiday pay and overtime on a paycheck or two in June so that will help if we run a bit off with the new budget.

I'm also getting three paychecks next month so the Roth IRA is going to get some serious MONEY!!!

How we spent our Money Last Month:

Groceries/House Supplies: $217.29
Eating Out: 107.59
Gasoline: $160.20
Car Repairs/Other: $561.10 (insurance)
Giving: $156.00
Prescriptions: $35.00
Housing: $1,070.68
Re-occurring Bills (Cell, Electricity, Internet): $217.72
SCB's Wood Turning/Business: $213.79 (not including the EZ Up cause I lost that Receipt)
Gifts/birthdays: $121.66 (my birthday + Mother's day)
Clothes: $52.06
Other: $170.33
Medical/Dental/Vision: $30.00