Layout:
Home > H Loves the New Budget

H Loves the New Budget

March 19th, 2010 at 02:51 pm

So I uploaded our new Needs/Wants/Savings budget to Google Docs and H loves it! He has never been able to understand any of my previous budgets, but he loves this one. I've decided to add 2 columns to it for Needs and Wants that I can predict such as bills. We can also use this column to record money going into savings for future Needs/Wants like the yearly Auto Insurance (Need) or H's tuition (Want). He liked that now he can have a clear answer about if we can afford to go out to eat with friends. Yay a budget that leads to less guilt, not more! So for now here are my budgeted amounts:

Income: $4600
Needs: $2300
Billed Needs: $2010.44
Rotating Needs: $289.56
Wants: $920
Billed Wants: $105
Rotating Wants: $815

I know already that we need more for our "rotating needs" including gas, laundry, and groceries. I plan to reduce our rotating wants. I'll also be adding more items to the Billed Wants category. Specifically I need to start saving for H's Masters. We still haven't heard anything from them, but the application period isn't even over. We are both just getting very impatient.

4 Responses to “H Loves the New Budget”

  1. pjmama Says:
    1269021454

    Looks like a sound plan!

  2. James Says:
    1269044119

    is there any savings in there or did i miss something?

  3. Jerry Says:
    1269044663

    I think that you are wise to be looking toward a master's program, and I hope that it leads to excellent results. The one thing I note, like James, is that I don't see a savings account in the mix. It's the best insurance for your financial future, just like an education! Good luck with everything...
    Jerry

  4. snshijuptr Says:
    1269044718

    Whoops! Forgot to say that $1380 goes toward savings. Btw, the needs & wants are each broken down into billed and revolving.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]