Here is a post about her and her hubby-to-be’s budget
A [very] rough sketch of my our monthly budget
I love looking at other people’s budgets! I have never found any two the same and none have truly reflected my own personal budget. Here’s a quick snapshot of what mine looks like.
*Note that I have combined finances with my boyfriend and we have joint chequing… so this is for two people.
*Note that I don’t follow this to a tee and it’s actually the first time I have it on a computer instead of sketched out in my daily planner (yes, I use a daily planner that is paper. I’m old school).
|Rent/mortgage||$924||Yup. Makes sense.|
|Utilities(hydro, water, gas)||$215||Ranges from about $190 to $230 per month.We’re on equal billing for most utilities.|
|Internet/Cable||$175||Ugh. I don’t like this expense, but as per the boy, it’s staying.|
|Property taxes||$215||Yuck. That’s a lot. We pay this four times a year.|
|Bank fees||$0||Yay! We keep a minimum amount in our account to avoid bank fees.|
|Groceries||$240||I estimate we use $60/week. I usually go after work during the work week to pick up essentials. I should be more like J and meal plan like a boss. This also includes cleaning stuff.|
|Entertainment||$160||This category fluctuates often. Sometimes it’s as high as $300 and low as $50.|
|Gas/car maintenance||$480||I typically expect us to pay about $160/week on gas and minor repairs or changes. We typically don’t reach this amount monthly, but I also have winter tires and oil changes to account for. We have two cars, by the way.|
|Automated savings||$200||Every month, $200 goes into our savings account. Usually for short term savings.|
|TFSA||$200||This amount fluctuates. If I have more, I put more in, if we have less, I put less in.|
|Debt repayment||$1,700||Sometimes we drop it by $150 if it’s a hard month, but this is pretty standard.|
|Clothing||$60||I like to use $60/month for clothes on average because it’s a good pair of jeans or shirt.|
|Cell phones||$115||For two cell phones (we don’t have a home phone). Not too bad. Could be worse, could be better.|
|Insurance||$333||Ugh. Gross. House insurance and two car insurance payments.|
|Totals||$5,017||WTF!?! That’s my reaction. What the flippin’ bird on a wire!??! We do make slightly more than that each month. But holy bananas! I remember when I used to live off of $1,700 a month (1 person). I know this is for 2 people though. I still think I can cut our budget down pretty easily.|
Any tips/advice on our monthly budget?! I think I should closely track a month of expenses. It can be quite difficult (tried in the past) because I have to pay for work things upfront, and them I’m reimbursed for them. Work expense range from $200/month to over a $1,000 monthly, so it skews my numbers drastically.