SO my husband and I have both been working and make pretty good money for our area, but yet we are still struggling to make ends meet. I have lined out a budget so many times but still finding that we cannot get anything into savings. So i was hoping for some help.
we can guarntee 3000.00 monthly
House Payment 800.00
Cell Phone 200.00
Insurance115
daycare 300.00
Energy 150
student loans 150
banfield 25.00
life insurance 30.00
truck payment 236.00
I try to spend 50-75 a week on groceries and general stuff diapers etc, Any helo would be greatly appreciated, I know the cell phone is really hi but I am footing the bill for my parents as well. This is how I am paying them back the money i owe them... :) I am just so lost in the whole budget thing. Here is the other thing I get paid weekly and he gets paid byweekly.
I would make a bi weekly budget..... what will be paid the first pay of the month and what to pay on the second payday when you have that set with groceries and all then figure out what you feel comfortable placing in saving something thats not going to strap you tight. so once you go to pay your bill before you even start anything take the extra and put it in the saving so that its not even in the picture when you pay the bills ....out of sight out of mind kinda thing
okay so you have $3000 ...minus all your bills you stated that leaves you with
$994
im going to go with the higher end for groceries so $75 x 4 = 300
that leaves with you $664 total....you also have to account for gas now im going to take $100 out per week for gas this number can be higher or lower depending on how many vehicles you guys have/gas prices for your area
so that leaves you with a grand total of $264 for the month.....
NOW...since you said that he gets paid twice a month and you get paid once a month...i would make sure all the higher bills are paid when your DH gets paid so that you guys will have more money to disperse....can you post how much per week you guys would get paid?
I get paid 413.00 every week after taxes and he gets about 700.00 (in there somewhere it varies but to make it easy.)
okay so you get the $1100 first (his income plus yours) and you would pay off the bills that have the highest amount....now the first bill is mortgage...
that leaves you with $300 left over .....i would also pay groceries and whatnot to get you by until the next week comes and you get paid again
then with whatever left over from that week's paycheck and the incoming week's income pay off some bills...smallest ones first since well you dont get paid as much as your hubby does...i would pay off the student loan, banfield and life insurance...then get groceries again
then with the 3rd week pay off the rest of the bigger bills...like the daycare, cell phone, insurance, and energy
last paycheck can be the car payment....
now this is just a rough budget...you can tweak where you see fit you know??
awesome and this sounds good.
Quoting thenguyenclan:okay so you get the $1100 first (his income plus yours) and you would pay off the bills that have the highest amount....now the first bill is mortgage...
that leaves you with $300 left over .....i would also pay groceries and whatnot to get you by until the next week comes and you get paid again
then with whatever left over from that week's paycheck and the incoming week's income pay off some bills...smallest ones first since well you dont get paid as much as your hubby does...i would pay off the student loan, banfield and life insurance...then get groceries again
then with the 3rd week pay off the rest of the bigger bills...like the daycare, cell phone, insurance, and energy
last paycheck can be the car payment....
now this is just a rough budget...you can tweak where you see fit you know??
I agree with this but I would consider cutting down the cellphone plan!
Quoting sweetsurprise13:awesome and this sounds good.
Quoting thenguyenclan:okay so you get the $1100 first (his income plus yours) and you would pay off the bills that have the highest amount....now the first bill is mortgage...
that leaves you with $300 left over .....i would also pay groceries and whatnot to get you by until the next week comes and you get paid again
then with whatever left over from that week's paycheck and the incoming week's income pay off some bills...smallest ones first since well you dont get paid as much as your hubby does...i would pay off the student loan, banfield and life insurance...then get groceries again
then with the 3rd week pay off the rest of the bigger bills...like the daycare, cell phone, insurance, and energy
last paycheck can be the car payment....
now this is just a rough budget...you can tweak where you see fit you know??
Mommy to my angel baby (miscarried 6/21/06 at 10 weeks), Jason Josiah (born 6/6/07) who is always pushing to be the best he can be, and my VBAC baby who tested my patience to no end by being 15 days late Delaney Abygail Grace (born 4/19/10)
Monthly expenses
- mobe0623
on Jun. 7, 2011 at 6:00 PM