We already have our property tax account ready to go for this year since I severely overestimated for 2009. We also really want to pay off our car loan ASAP, so this is our budget until December 2010:
- Mortgage - $900.00
- Car Debt - $650.00
- Roth IRA - $300.00
- Opportunity Fund - $120.00
- Car Payment - $330.00
- Car Insurance - $115.00
- Gasoline - $200.00
- Electricity - $200.00
- Water - $30.00
- AT&T U-Verse & DSL- $100.00
- Sprint - $85.00
- Groceries - $300.00
- Fast Food / Restaurants - $200.00
- Medical - $100.00
- Misc. Bills - $100.00
- Joint Entertainment - $100.00
- Hubby's Fun Money - $125.00
- My Fun Money - $125.00
- Housekeeper - $100.00
- Lawn Services - $50.00
- Netflix - $20.00
- Pet Account - $100.00
- Car and Home Account - $200.00
- Vacation Account - $250.00
- Property Tax & Insurance Account - $0.00
- Emergency Fund (currently has $10,000) - $0.00
- Cash - $200.00
- Total = $5000
Unplanned expenses are taken from the appropriate target accounts. Extra money from our hobby jobs is either put towards debt or split between the Emergency Fund (50%), the Vacation Account (25%), and our two individual Fun Money Accounts (12.5% each).
Also, since you may ask, I contribute considerable time to my charities and we both use some of our Fun Money for the charities of our choosing.
I was hoping to show through our story that a teacher and an office worker can use their money as a considerable tool to pay for our needs, our future, and the fun stuff in between. :-)
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