I now know exactly where my wages are going to be allocated this year, I have played around and played around with these figures, and hard as I try I cant make them do all I want however I think I am getting the most bang from my buck by dividing them like this. This is a weekly amount.
- Electricity per week $35.00
- Phone/ Internet/Cable package per week $60.00
- Mobile phone Bill per week $8.00
- Food bill per week $100
- Debt repayment $ 25 one week and $50 the next
- Petrol per week $20.00
- Car registration and Insurance per week $30.00
- Emergency fund per week $40.00
- Holiday Fund per week $40.00
- Retirement Savings per week $50.00
- Misc, amount per week $50.00
- I am putting an extra, $50.00 a week away for ????
All up $523.00, not a Kings ransom but enough for me to get my finances in order. Those of you who have been following my blog are aware that I have recently been given an allowance for being my MIL,s carer, this amount is $110 a fortnight. And I am putting this straight into a personal debt which I am really keen to pay back. After crunching the numbers I should have this paid off in full by April, and then I will have to rethink where this money will be best allocated..
So my last three posts have been about crunching the numbers but I have had my trusty calculator in my hand again today and it all works. BRING IT ON!!!!!!
So my last three posts have been about crunching the numbers but I have had my trusty calculator in my hand again today and it all works. BRING IT ON!!!!!!
that looks great! Love your saving allocations!!! I cannot wait until I have gotten my debt paid down so that I can start saving more... patience, I know ;0
ReplyDeleteI think your budget looks great!! But I was a little shocked... no a lot shocked about your phone/internet bill, for 1 week that's like 120$ every 2 weeks or 240 a month. Can you not bring that down?? There must be a way.
ReplyDeleteThat's the spirit Maureen! I'm feeling all gungho too...sort of "I am woman hear me ROAR!If you have that debt paid off by April you'll be SOOOOOOO happy! A nice budget balance between debt pyt., savings and fun!:)
ReplyDeleteSarah as far as my Phone/Internet/ Cable TV package goes, this is not a bad price. We get all local calls free, line rental is quite expensive here so I have to pay that no matter what my package is. I have a full Foxtel Platinum cable TV package with all stations available and High Definition. Plus our Internet package gives us 25GB of download, at high speed. This comes to $199 per month 31 days. So I have over budgeted for it because, Interstate Mobile and International calls are charged seperately. And I would rather have more money rather than less to make sure I,m covered
ReplyDeleteJane I knew there had to be a song that describes how I,m feeling. And you nailed it.
ReplyDeleteI was thinking the same thing as Sarah but it makes sense. I think it all depends on where you live..
ReplyDeleteHey Maureen, I completely see your point! Sorry I think my last comment came across rudely now that I am re-reading it again. This wasn't my intention. I agree over budgeting is so much better than under budgeting... I did the same today with a bill I paid and I feel great about having the extra money to be snow flaked.
ReplyDeleteI am so excited about this year!!! You and I are going to be making so much progress with our debt!! This Is Our Year!!
I love crunching the numbers to see how things should go. You're doing great and you're really inspiring me to get it together Maureen. Thank you.
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