This is our budget for the month of September. I used a template that I found online, but someday I'm going to take the time to actually make our own. As you can see, there are a lot of "0" amounts for the project cost and actual cost, but once we build up the liquid cash we have, I want to start budgeting amounts to home repairs, car repairs, etc. Also, some of the things are include in other bills, or we just don't use (like bus/taxi fare). I put our entire utilities bill into the electricity bill, but that also includes our water and sewer. Our homeowners insurance is included in the price of our mortgage payment, our life insurance comes out of my paycheck, and our health insurance comes out of Penn's. Our income is what is actually deposited into our account.
Our Project Balance had us in the hole for $4, but that didn't take into account the balance we had over from August. There are a few things left unpaid this month (medical, loan repayment to my parents), but I've worked out a deal to start paying that in October.
We're also including our savings in our budget like it's a bill. $200 of my paycheck is deposited every pay period into a separate account at a different bank. In the past, we've often had to withdraw that money to pay our bills. Right now it's functioning as a way for us to save up $900 to pay off the couch, with a current balance of $400 (we'll have $600 next Friday with the deposit from my paycheck). Eventually, that account will hold our 8 month emergency fund! Our goal is to save $30,000, but I'm guessing it will take us about 10 years to do that.
The "Actual Balance" should match pretty closely with what the check book register/registry said. I've been keeping a running total, and this template rounds all inputted data, so it's normal for it to be off by a dollar or two.
So here it is! Our budgeted expenses, both projected and actual, for September.
| PROJECTED MONTHLY INCOME |
Income |
$3,483 |
| Extra income |
$3,000 |
| Total monthly income |
$6,483 |
|
|
|
|
| ACTUAL MONTHLY INCOME |
Income |
$3,673 |
| Extra income |
$3,000 |
| Total monthly income |
$6,673 |
| PROJECTED BALANCE
(Projected income minus expenses) |
($4) |
| ACTUAL BALANCE
(Actual income minus expenses) |
$318 |
| DIFFERENCE
(Actual minus projected) |
$322 |
| TOTAL PROJECTED COST |
$6,487 |
| TOTAL ACTUAL COST |
$6,355 |
| TOTAL DIFFERENCE |
$132 |
| HOUSING |
Projected Cost |
Actual Cost |
Difference |
| Mortgage or rent |
$619 |
$619 |
$0 |
| Phone |
$103 |
$202 |
($99) |
| Electricity |
$180 |
$360 |
($180) |
| Gas |
$20 |
$110 |
($90) |
| Water and sewer |
$0 |
$0 |
$0 |
| Cable |
$55 |
$55 |
$0 |
| Internet |
$49 |
$220 |
($171) |
| Maintenance or repairs |
$0 |
$0 |
$0 |
| Supplies |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Subtotals |
$1,026 |
$1,566 |
($540) |
|
|
|
|
| TRANSPORTATION |
Projected Cost |
Actual Cost |
Difference |
| Vehicle payment |
$284 |
$284 |
$0 |
| Bus/taxi fare |
$0 |
$0 |
$0 |
| Insurance |
$88 |
$88 |
$0 |
| Licensing |
$0 |
$0 |
$0 |
| Fuel |
$350 |
$257 |
$93 |
| Maintenance |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Subtotals |
$722 |
$629 |
$93 |
|
|
|
|
| INSURANCE |
Projected Cost |
Actual Cost |
Difference |
| Home |
$0 |
$0 |
$0 |
| Health |
$0 |
$0 |
$0 |
| Life |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Subtotals |
$0 |
$0 |
$0 |
|
|
|
|
| FOOD |
Projected Cost |
Actual Cost |
Difference |
| Groceries |
$400 |
$321 |
$79 |
| Dining out |
$0 |
$43 |
($43) |
| Snacks |
$10 |
$5 |
$5 |
| Subtotals |
$410 |
$369 |
$41 |
|
|
|
|
| PETS |
Projected Cost |
Actual Cost |
Difference |
| Food |
$30 |
$0 |
$30 |
| Medical |
$0 |
$0 |
$0 |
| Grooming |
$0 |
$0 |
$0 |
| Toys |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Subtotals |
$30 |
$0 |
$30 |
|
|
|
|
| PERSONAL
CARE |
Projected Cost |
Actual Cost |
Difference |
| Medical |
$100 |
$0 |
$100 |
| Prescriptions |
$30 |
$30 |
$0 |
| Clothing |
$0 |
$0 |
$0 |
| Dry cleaning |
$0 |
$0 |
$0 |
| Health club |
$0 |
$0 |
$0 |
| Organization dues or fees |
$0 |
$0 |
$0 |
| Other |
$0 |
$0 |
$0 |
| Subtotals |
$130 |
$30 |
$100 |
| ENTERTAINMENT |
Projected Cost |
Actual Cost |
Difference |
| Netflix |
$17 |
$17 |
$0 |
| Movies |
$20 |
$20 |
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| Subtotals |
$37 |
$37 |
$0 |
| |
|
|
|
| LOANS |
Projected Cost |
Actual Cost |
Difference |
| Personal (Mom) |
$50 |
$0 |
$50 |
| Penn's Student Loan |
$125 |
$185 |
($60) |
| My Student Loan |
$0 |
$0 |
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| |
|
|
$0 |
| Subtotals |
$175 |
$185 |
($10) |
|
|
|
|
| Daycare |
Projected Cost |
Actual Cost |
Difference |
| Piglet 2 |
$400 |
$500 |
($100) |
| Piglet 1 |
$75 |
$91 |
($16) |
| |
|
|
$0 |
| |
|
|
$0 |
| Subtotals |
$475 |
$591 |
($116) |
|
|
|
|
| SAVINGS
OR INVESTMENTS |
Projected Cost |
Actual Cost |
Difference |
| My Account |
$40 |
$40 |
$0 |
| First Federal Account |
$400 |
$400 |
$0 |
| Leftover Balance |
$0 |
-$486 |
$486 |
| Subtotals |
$440 |
($46) |
$486 |
|
|
|
|
| Misc. 1 |
Projected Cost |
Actual Cost |
Difference |
| Tuition Payment |
$2,912 |
$2,912 |
$0 |
| School Pictures |
$33 |
$33 |
$0 |
| Party |
$40 |
$90 |
($50) |
| Subtotals |
$2,985 |
$3,035 |
($50) |
|
|
|
|
| Misc. 2 |
Projected Cost |
Actual Cost |
Difference |
| School Supplies |
$27 |
$27 |
$0 |
| House Cleaning (August) |
$30 |
$30 |
$0 |
| Checks cashed at Hospital |
$0 |
$30 |
($30) |
| Returns |
$0 |
-$127 |
$127 |
| Subtotals |
$57 |
($40) |
$97 |
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