May 2019 Budget

Time to introduce the budget for May 2019

We have a lot of bills. To the tune of $3405.15 a month.  As you can imagine a lot of that is credit card minimum payments.

While I love to see all the fancy pages that people have for keeping track of their budgets- I have notebook paper. Maybe when I get some of this stuff paid down I can have pretty budget pages.

I am listing the budget for the entire month. I do what I call paycheck to paycheck budgeting. I pay everything due prior to the next paycheck with the current paycheck. It works for me.

I have totaled our income for the month as well. Two paychecks for myself and two for hubby. I have no problem sharing our debt, but our income as to what came from who is another story.

I hope that you are able to make out the budget by looking at my picture. I also have the food budget listed along with what has been spent so far in the upper right corner. Four items due this month were paid with the last check of April. Just as two things due in June will be paid by the May 24th checks. I tried to separate the two checks with the highlighter line.

Click picture to enlarge.

Looking at this you will see after the bills and the food budget we will be left with $176.15 for the month. That will cover gas and misc. items like chicken food. I am not a fan as of yet of sinking funds. Maybe my views will change when I have more money to play with but as of now I see no reason to do that.

We also have a $1000 Emergency Fund fully funded along with more money set aside. Husband only gets these two full paychecks and one more partial for the year. Therefore, the set back money will have to supplement my income to help us make the bills for the summer months.

So any monies leftover from that $176.15 must go towards that.







PS. The cell phone bill looks really high but that is 5 phones plus a tablet. $25 of it is device payments. I cover 100% of the bill as two phones and the tablet are my in-laws. They are daycare for our three year old daughter. They will not accept money so I pay their portion of  the bill.