Come join me in my quest to live a happier more frugal way of life, while enjoying the more traditional family values.

Wednesday, June 2, 2010

My first ever budget

Well I,ve committed myself now there,s no going back. Remember this is in Australian Dollars and are monthly figures.
  • Food : $400.00
  • Petrol : $100.00
  • Mobile phone : $30.00
  • Entertainment $ 80.00
  • Clothes $00.00
  • Entertainment $ 100.00

Outstanding bills for June.

  • Electricity $ 350.00
  • Car rego $ 400.00
  • Phone : $250.00
  • Debt : $50.00

Monthly total $1,740

Monthly income $2,000

Savings $260.00

I have not got any idea at this stage if my budget is going to work, as I have never ever tried to do this before, this is not a working budget I won,t be able to do that until I have cleared the backlog so at the end of the Month I may put money away into future bills instead of into savings, but first I,ll see how I go. Into jars I will be putting, my petrol money, my entertainment money and if I was buying anything new this month I would also put that money into a jar. Wish me luck.

Spends so far this month

Debt $25.00

Petrol $10.00


  1. It's a great idea to clear the backlog and then start saving every month for the quarterly/annual bills.

    Good luck!

  2. Good for you for taking that first step and writing out your first budget. Remember that a budget is a work in progress so it may take two or three months to tinker with it and get into the swing of things.

  3. have entertainment on there twice. :-)

    You can do this girl! Can't wait to see how it goes!

  4. You are right LeighAnn so I do, the second one for $100.00 is for a weekend away that I have planned at the end of the month, and the $80.00 entertainment is to be broken down into a measly $20.00 a week. I think this may be too litle and may need to be increased once I get on my feet, still I,m sure I can manage without lifes little luxuries for 1 month. Fingers and toes crossed.


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