This is our budget estimate for January. This month, my budget goals are: 1} setting money aside to pay off Bookworm’s trumpet, and 2} continue attacking my smaller student loan with what’s remaining so it’s paid off soon.
Income
Hubs: $3,658.44
December Debt Savings (& Interest): $153.01
December ATM Rebate: $0
Total: $3,811.45
Expenses
Mortgage: $500
Cell Phone: $52
Home Phone / Internet: $64
Credit Card 1: $128.65
We are done paying off debt with this card. We use the card for some reoccurring monthly bills such as Netflix, weekend Newspaper subscription, and so on.
Credit Card 2: $206
Student Loans: $328.51
Car Payment: $264.80
Electric: $145
Insurance: $244.26
Band Instrument Rental: $39.22
Savings For Instrument Pay-off: $600
Piano Lessons: $0
Bookworm’s piano lessons are a generous gift from my mother-in-law.
Fun Money: $80
Annual Savings Account: $240
Cash Flow Savings: $160
Debt Snowball Savings: $80
Remainder
After all our savings and expenses for the month, I will be left with roughly $680 for groceries, gas, and other expenses for the month.
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