Sunday, May 8, 2011

Aprils budget.

April was our highest income month this year. We were able to Cash flow some of the home improvements that we had done. That way, were use less of our money we had saved. So we still have money saved, which will hopefully buy carpet. Then the house should be mostly done.

Since it was a high income month we decided to budget ourselves a little more blow money. And we budgeted more for entertainment & dining.

Our automobile fuel costs were $150 extra dollars. Our phone expenses were higher because I added minutes to my Tracfone.

When the month was over we payed an extra 2101.42 on our debt.

We also had my Wife's and Son's birthday's this month. But with our Envelope system, we had been saving up money for Gift's every month. We had enough to buy all the presents and still had money left in the envelope. All in all a good month.

Wednesday, May 4, 2011

Gas Prices are bad for budget.

My wife and I both live about 30 miles from where we work. So in our normal monthly budget our automobile fuel is about 10% of our budget. The recent increase in gas prices is really hitting us. It will be closer to 15% of Aprils budget.

My Wife's vehicle gets around 15 MPG and my car gets around 30 MPG. The bad thing is, my wife's vehicle is the only one the whole family can fit in. So it is used for everything except me going to work. We are trying to minimize how much we use her vehicle, minimize number of trips in general. Hopefully the month of May won't be as bad on our budget.