Designing a Budget

Personal finance is, you know, personal so why use a budget that has categories you don’t need.  For example nobody in our family is in school so we don’t need to budget education expenses.  We do have a company to grow so I track out business expenses as part of our personal budget.  If I used someone elses budget sheet I would have to leave Education blank and write Company expenses at the bottom of every monthly budget form. 

If you need some ideas for designing a budget check out Cristian PF’s 10 Free Household Budget Spreadsheets.  I really like the Household Budget Template.  You can change the category names and it still works.  You record your expenses like a check register, then it adds the totals for each category. Super easy!

Even if you find none of the budget spreadsheets are right for you, you can great ideas for how you want your budget to look.  I made my own budget sheet and after a few months of tweaking it is the perfect budget for me.

 Where did you find your budget sheet? Or did you design your own too?  What do you like/dislike about your budget sheet?

 

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Weekly Spending – Aug 22-28

I realized that I transferred $14.46 from our Other category to our Company category so I took that off of last weeks Spending post.  It was driving me crazy not to know what that money went to, we don’t use cash so I kept checking for it to come through our accounts online.  I was looking at our budget and saw $14.46 added to our Company category — oh!  I’ll have to remeber to write a T next to transfers so I don’t count them against me.

Aug 22nd -$17.12 Groceries

Aug 23rd -$10.89 Fast Food, -$8.62 Company Tool

Aug 24th -$125.41 Cell Phones, -$56.67 Groceries

Aug 25th NO SPEND DAY !!!

Aug 26th  +$15 Haircuts, +$34.75 Sold Stuff,  -$1000.00 Mortgage, -$17.85 Company Tool 

Aug 27th +$12 Haircut, +$20 Sold Stuff,  -$3.61 Ice Cream

Aug 28th NO SPEND DAY !!!

Total: $81.75 Income – $1240.17 Expenses = -$1158.42

Wow! I spent $88 on food this week 😦  I had a very busy Tuesday and didn’t feel like cooking so I asked Rob to take B1G1 coupons to Arctic Circle and get us dinner.  I told him that I thought it would be around $10 for the list I made, but if it was under he could get another hamburger.  It came to $10.89 so he ate half of Baby #1’s hamburger. 

How did you do this week?


Good Fortune

Back in December we went to a Chinese restaurant with Rob’s parents and my fortune cookie said this:

“A big fortune will descend upon you this year.”

I sure hope so 🙂


Missed Paydays – Aug 1st & Aug 15th

Oops I missed posting the last two paydays….

This is the Aug 1st Payday: The income is $1093.49 Company + $550 Rental + $10 Yard Sale

 Category   Leftover   Deposit   Total 
 Income   $       –    $  1,653.49  $  1,653.49
 Church   $     211.55  $     187.38  $     398.93
 Taxes   $  4,672.13  $     273.38  $  4,945.51
 Home   $       –    $     747.50  $     747.50
 Insurance   $       –    $     293.02  $     293.02
 Utilities   $       24.73  $     142.50  $     167.23
 Gasoline   $       85.00  $       17.74  $     102.74
 Groceries   $     (29.61)  $        –    $     (29.61)
 Company   $     212.94  $        –    $     212.94
 Medical   $      41.02  $        –    $       41.02
 Repairs   $       27.66  $        –    $       27.66
 Gifts   $       19.14  $        –    $       19.14
 Other   $     (87.86)  $        –    $     (87.86)
 Savings   $  2,169.95  $        –    $  2,169.95

This is the August 15th Payday: The income is $1212.84 Company + $275 Piano + $76.65 Yard Sale + $7.00 Haircut

 Category   Leftover   Deposit   Total 
 Income   $          –    $  1,571.49  $  1,571.49
 Church   $     398.93  $     168.15  $     398.93
 Taxes   $  4,945.51  $     303.21  $  5,248.72
 Home   $     747.50  $     252.50  $  1,000.00
 Insurance   $   (292.99)  $     292.99  $         –  
 Utilities   $       29.46  $     142.50  $     171.96
 Gasoline   $         3.18  $       85.00  $       88.18
 Groceries   $   (186.31)  $     130.00  $    (56.31)
 Company   $     (69.46)  $         –    $    (69.46)
 Medical   $        41.02  $        25.00  $       66.02
 Repairs   $        27.66  $        75.00  $     102.66
 Gifts   $       (1.05)  $        47.32  $       46.27
 Other   $   (157.39)  $        35.30  $   (122.09)
 Savings   $  2,169.95  $        36.87  $  2,206.82

Rob just finished two jobs so our Sept. 1st payday will be awesome!


Weekly Spending – Aug 15-21

Aug 15th +$1212.84 Company Income NO SPEND DAY!!

Aug 16th -$11.50 Groceries, -$28.97 Gasoline, -$42.64 Company Expense

Aug 17th -$14.33 Groceries

Aug 18th NO SPEND DAY!!!

Aug 19th +$5.32 Returned part of a gift, -$12.11 Company Advertizing, -$5.75 More Company Advertizing

Aug 20th -$88.43 Dryer Parts

Aug 21st -$321.80 Church

Total: $1212.84 Income – $530.85 Expenses = +$681.99

Only spent $26 on groceries this week and $11.50 of that was potting soil!! 3.5 lb bags on clearance for only $.29 each – I bought 47 bags 😀

We were super excited about the cost of the company advertizing.  A few months ago I bought a $50 voucher from Vista Print for $10 – It was expiring on the 20th so we hurried and ordered magnets we wanted to get and a lawn sign for Rob to put up while he is working on someone’s house.  All for $22.11 ($10 voucher, taxes, and shipping) we saved $60.49!  The $5.75 was for Transfer Sheets to add the company name to his work shirts he bought 2 weeks ago.  Oh and I used a 40% off coupon to save almost $4 

Rob bought parts for the dryer’s to get them to stop squeaking.  In a few weeks will put one of them on the Craig’s list or something for $100. So we will get our money back.

How did you do this week? Please leave a comment – I love reading comments 🙂


Weekly Spending – Aug 8-14

Aug 8th -$36.99 Internet, -$67.00 Company Insurance

Aug 9th +$7.00 Haircut Income

Aug 10th -$13.00 Haircut, -$20.19 Gift for Mom (but I’m returning part of it), -$2.25 Books

Aug 11th -$14.66 Gasoline (for lawnmower), -$56.90 Gasoline, -$190.81 Company Tool

Aug 12th -$80.93 Groceries, – $23.19 Drycleaner (Dry cleaning sleeping bags is expensive!)  -$19.47 Life Insurance 

Aug 13th NO SPEND DAY!!

Aug 14th NO SPEND DAY!

Total: $7.00 Income – $525.39 Expenses = -$518.39


Weekly Spending: Aug 1-7

Aug 1st -$33.59 Groceries  +550.00 Rental Income

Aug 2nd -$28.00 Gasoline  -$7.33 Gas   -$45.06 Water/Garbage  -$26.57 Electricity

Aug 3rd -$42.18 Groceries   -$21.82 Gasoline  +$1093.49 Company Income

Aug 4th +$10.00 Mini Yard Sale

Aug 5th -$5.73 Groceries  -$33.30 Gasoline  +$275.00 Sold our Piano! 🙂

Aug 6th -$31.09 Clothes  +$76.65 Mini Yard Sale

Aug 7th NO SPEND DAY! It’s Sunday so not really a victory 😉

Total: $2005.14 Income – $274.67 Expenses = +$1730.47

I can’t believe I spent $81.50 on groceries this week! Ouch!!

Rob’s little sister got married on Saturday and Rob’s Sunday shirt was getting holes in it so he went to Wal-Mart and bought a new one along with 4 new work shirts.

My goal for my mini yard sale was $40, which I doubled 🙂  I sold a bunch of drug store items to my family that I didn’t need.  You’ll see this income regularly, since it’s a hobby of mine.  I buy things at drug stores for super cheap or free, keep what I need and put the rest in a box (or three) under baby #2’s crib.  Then I sale it to family and friends who don’t have time to hunt for the deals.

We are super excited that we sold our piano, we have been trying to get ride of it for six months!  She even paid us $25 more than we asked for because we delivered it 🙂