Since this blog is all about managing your money, I like to share our monthly budget.
Here is how our budget looks right now:
- Income Taxes – $2500
- New-to-Us Car Fund – $500
- Home Mortgage – $990
- Home Insurance/Property Taxes/HOA – $750
- Rent House Home Insurance/Property Taxes – $275
- Health Insurance – $360
- Life Insurance – $30
- Car Insurance – $55
- Electricity – $175
- Water – $60
- Natural Gas – $40
- Gasoline – $150
- Eating Out – $250
- Groceries – $250
- Sprint – $150
- Cable/Internet (DSL) – $120
- Medicines – $20
- Toll Roads – $25
- Housekeeping – $175 (average over the year)
- Lawn – $80 (average over the year)
- Miscellaneous – $200
- Cash – $100
- Total Expenses = $7255
Yay for the rent house mortgage payoff in April 2013!!! The new expenses total comes to about $87,000 a year and we now make about $100,000 a year through Crystal-For-Hire. As you can see, taxes eat a big ol’ bite though – at least 25-30% after deductions (about $30,000 a year).
Unplanned expenses that pop up on the budget are taken from the appropriate target accounts. Extra money from sports officiating and leftover income (about $1000-$2000 a month) is split up like this right now until our 2013 Roth IRA’s are taken care of:
- Roth IRA’s – 80%
- Rental Property Maintenance Fund – 10%
- Vacation Account – 5%
- Fun Money Accounts – 5%
The Cash for Investments account will get a huge boost when the Roth IRA’s are fully funded. You can also go over and see exactly How I Budget and see my most recent update here.
I am hoping to show how a normal couple, even with unstable self-employment income, can budget their money to pay for our needs, our future, and the fun stuff along the way. 
