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New Allowance and New Budget

February 8th, 2008 at 03:24 pm

So I ended up tweaking my allowance. As much as I want to be debt free, having a too aggressive payoff that doesn't allow for clothing, vacations or any splurge money qualifies as needing adjustment.

Its only $50 but it will give me some breathing room for both things I need and things I want.

I am getting this money by dropping my 2 credit cards that I am not currently doing massive payments on to their min. payments.

Part of the reason I need to do this is that I have other expenses that have climbed on me.

New Budget
Water and Sewer $40
Savings $25
IRA $150
Cell Phones for 2 $84
CC1 $68
Electricity $110
Cable Internet $62
CC2 $126
CC3 $1700 + any monthly bonus from DH (est ~$500)
Groceries $250 (if this goes over, it comes from my allowance)
My Allowance $160
Netflix $15
Student Loan $194
Bus Pass $60
His Allowance $250 (vacation money needs to come from this as well)
Rent $750
Eating Out $100

One thing you will notice is that this is a budget that includes money from both DH and I. We are working together to get rid of my credit cards so that we can be debt free by September.

1 Responses to “New Allowance and New Budget”

  1. Carolina Bound Says:
    1202484695

    Every budget needs breathing room! Good luck on your September payoff.

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