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Budget for the Year-ish

January 7th, 2017 at 09:43 am

Getting my budget together. I think this is the first time I've put this on here. LOL. My bar is updated with all my debts that I pay on. My parents do pay on several and I've decided that in the meantime, I will let them keep up with the amounts.

DEBT:
Apartment reno: $10
Timeshare: $85.07
Rewards Card: $160
Navient: $240.73
Car Loan: $360
Nelnet: $102.16

Expenses:
Rent: $931
Water: $61 - Apt utilities
Sewer: $11 - Apt utilities
Trash: $10 - Apt utilities
Common Area Electric: $4 - Apt utilities
Service Fee: $4.68 - Apt utilities
Electricity: $85 (average)
Renters Insurance: $11.41
Motorcycle Insurance: $28.36
Car Insurance: $213.38
Petrol: $180
Groceries: $200
Cellular: $150 (multiple phone lines)
Hulu: $7.99
NetFlix: $15.98
Internet/Cable: $60.00
F.I.T. Radio: $3.99
Entertainment: $50 (consists of movies and books)
Restaurant: $50


Adds up to $3,145.07 for expenses.

My take home is approximately $3,400.00.

I need to get my expenses down to less than $2,000 hopefully by early next year. Those expenses will not count rent, apartment utilities, and electricity.

Now with the 2.6% raise the military received, I should be able to pay down debt with almost an extra $300. But I'm still spending too much on restaurants. I need to get that portion of spending under control. I'm already at my limit for the month on restaurants and it's only the 7th... SMDH...

I've updated my debts and put them from lowest to highest amount left. I'm going to snowball them that way. Although I'm still not paying off the apartment reno because there isn't any interest on it.

My plan when I get my tax refund, is to pay off one of the lower amounts which will be my timeshare. Then I can pay off the maintenance fees (which I'm trying to find out what it is but I'll say it's approximately $1,000) that went with it and sell it off. I doubt I will get any money back on it. But I'll be rid of it once and for all. YAY!

Never will I ever get another timeshare....

I will get the interest rate down on my car loan. I have to wait 6 months at least. But I'll keep working on it until I can get it back down to as close as what I had on the previous vehicle which was 4.5%.

I do know that my budget will be impacted by two things this month. I will be cooking food for a friend because she will be having surgery and I want to make sure that she's good to go. Also I will be going on a field training exercise this month so therefore, the food I buy for the meals should be a wash.

My ultimate goal is to get divorced which will be sometime next year. I need to make sure that I have enough money to pay my bills and expenses when that happens. I want to be able to move forward with my life.

3 Responses to “Budget for the Year-ish”

  1. fern Says:

    One thought....since you've got the cable, could you get rid of the Hulu and Netflix? Or vice versa? Doesn't seem like it would be that painful since you have redundant TV coverage.

  2. Sian Says:

    Fern:

    The cable is basic cable. It would have cost the same for internet without the cable. And it was the best deal I could find in the area. Since it was the same price with or without cable, I went on ahead and opted for it since it came with free HBO/HBO on Demand. So the only thing it comes with is CBS and channels like that.

  3. Sian Says:

    Forgot to mention that when I move next year after the divorce, petrol and groceries will come down. Groceries should be half and petrol should come down at least $60.

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