Wednesday, February 8, 2012

Bi-Weekly Budget - Let's See What We'll Have Left

Mike gets paid on Friday this week (hooray!) and we've been really broke since his last pay, so we're really excited, but we've probably spent all the money in our heads on stuff we really want, but don't need to spend it on. He asked me this morning to write down everything we have to pay out of this paycheck, so I figured I would make a budget, and then come back a week later and update it with how much we actually spent to see how we're doing.

So, here it goes!

Income: 1,025.00

Rent: Save $200.00
Car Payment: $180.00
Gas: $100.00
Food: $100.00
Smoking: $150.00
School Fees: $60.00
Utilities: $90.00
Actual Savings: $30.00
Debt Payment: $40.00
Miscellaneous: $75.00

Now, the reason I have Miscellaneous in there is for laundry, if Mike wants to buy his lunch a couple times over the next two weeks, and for random expenses. As you can see, we truly are living paycheck to paycheck, but luckily I get paid on the 20th, which will give us some leeway these next two weeks. Let's see how much we actually spend on these things, and if we can manage to keep that $30.00 in savings until we get our next paycheck, and manage to not spend the rent money so we're a bit better off next pay.




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