Finally…My budget.

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I’ve finally developed my budget!  It took me some time after making it an October goal but it is here!  I will be implementing it beginning November 2015!

I procrastinated big time.  I realized that as soon as I developed my budget I would have to follow it and I really didn’t want to be held accountable.  I also didn’t know what to include or not include in my budget.  I also wanted to review my past spending habits to make sure my budget was as realistic as possible.

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November 2015 Budget

Fixed Expenses Projected Actual
Mortgage $1000.00
Utility $319.00
Cell phone $60.00
Cell phone2 $298.00
Cable $123.00
Car payment1 $354.00
Car Payment 2 $414.00
Car Insurance2 $175.00
Life Insurance $70.00
Total $2,813

Fixed Expenses

  • The utility bill is actually less than $319.00/month.  We recently signed up for budget billing to help with outrageous utility bills from the winter months.  Last year our utility bill was in the $600.00+ range January, February, and March.
  • I discussed how I lowered my cable bill here.  We plan on lowering it more soon. We will eventually be eliminating all services except the internet which should decrease the bill by an additional $60.00.
  • Although cell phone 1 is supposed to be $60.00, I usually exceed the bill because I go over my data and pay the bill late.  This usually adds on about an extra $25.00 or more.  Anyhow, my bill is usually $110.00/month.  I plan on ditching Verizon once my contract ends in December and going with Republic Wireless for just $25.00/month.  I plan add that extra money to my credit card balance to achieve my goal of paying off over $17,000 of debt!

Not included in my fixed budget are two loans.  I did not include them because they are automatically deducted from my paycheck therefor, they are not part of my take home pay.

Other expenses Projected Actual
Groceries $300.00
Eating out $50.00
Clothing 0
Transportation $160.00
Entertainment 0
Credit Card (s) $394.00
Allowance $20.00
Savings $25.00
Totals $949

Other expenses

My other expenses don’t appear to have as much flexibility as my fixed expenses (which doesn’t make sense).  Some things to consider with my other expenses are:

  • My groceries have been holding steady at about $300.00/month.  If we come in under $300.  it only by a few dollars, literally and we just apply it to the next month. 
  • An October goal was to go on a shopping ban for myself.  As of today, I’ve been successful.  I haven’t really had the urge to purchase any clothing for myself.  I did purchase Baby Prince two outfits for the movie he was in on the 8th.
  • I also budgeted 0 for entertainment.  We don’t take much pleasure in viewing movies or concerts, or doing extra entertainment.
  • Transportation (or gas) is budgeted at $160.00/month just for my vehicle.  I’ve been able to keep that budget since gas is currently priced at $2.09/gallon which is costing me about $32.00 to fill up!
  • I need to include a coffee fund of about $10.00/month but I’m not sure how realistic that would be for me.

Did it take you a while to develop your budget?  What do you make sure to include in the budget? Do have any budgeting tips?

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I'm a mother to five children, wife, full time worker and now blogger! I would like share my family's journey to financial freedom, life living, and eternal happiness...just one goal at a time!

10 thoughts on “Finally…My budget.”

    1. Hello Tonya!
      Cell phone number 2 is my husband and daughter’s cell phone plan. We were originally on the same plan and then I left for a cheaper plan that is now more expensive. My husband and daughters refuse to leave their plan because of the iphone upgrade and unlimited data they have.
      Thanks for reading and commenting!

  1. That’s crazy how high your utility bills get but I’m glad you found a way to decrease them. My ComEd bill has been cruising around $65 these past few months and I’m loving it but it always spikes in the winter so I need to prepare for that. I’ve been with Republic Wireless for almost a year and I love it! I recently upgraded to the $25 plan but I think I may drop back down to the $10 plan because my phone still successfully taps into free WiFi networks around me about 80% of the time, so I may not have a need for data even though the company is supposed to send refunds for unused data.
    Chonce recently posted…Frugal Wedding Series: How to Afford Your Dream DayMy Profile

    1. Hello Chonce!
      I can not wait until I can cut the cord with Verizon and apply the difference to a bill! Our utility bill is ridiculous and every year the city council promises that “next year will be different because they are working on changes.” We’ve been in our home 4 year and in this city 8 and we’ve never noticed a difference.
      Thanks for reading and commenting!

  2. I like your budget. I hope it works out for you. Check out my most recent blog post on more tips on saving money at the grocery store. Budgets are trial and error. You will have to revise them at the end of each month. Also, try and work on creating an emergency fund (just in case something serious happens). That is the first step Dave Ramsey recommends to everyone. Have A Great Day and I look forward to reading your posts.
    Mr. Budget recently posted…More ways to save money on groceriesMy Profile

    1. Hello Mr. Budget!
      I do have an emergency fund so I’ve decided to stop contributing to it be able to get out of debt sooner rather than later. I’m sure as my expenses continue to change, I’ll have to make accommodating changes.
      Thanks for reading and commenting!

  3. Ugh, bills are the worst. My cell phone plan w/Sprint is around $70 a month with unlimited everything (and includes taxes) – could you find less pricey plans? I actually don’t mind my cell phone bill as I use it for everything and treat it like a mini laptop 🙂 Electric and utility bills are tough – I just moved into a new place so I’m curious to see what I average a month.

    Good luck for November’s bills!
    Kristin recently posted…Third Quarter Blog GoalsMy Profile

    1. Hello Kristin,
      I actually am considering going with Republic Wireless. I hear they have plans that range from $10 to $25.00. I’m not sure if that will be of assistance to you, however if you’re using your phone as a laptop. We have WIFI at work and home (of course) so I don’t really need as huge of date plan.

  4. Keep on pitching on the freelance work. Eventually you will generate some success. In sales, there is no substitute for movement, and freelance pitching is nothing but sales.

    1. Hello Hannah,
      Thanks for the encouragement. I have not given up. I think right now I’m going to put it off until after the holidays. I really need to focus on Goal Digging to Happiness and its continuous improvements.
      Thanks for reading and commenting!

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