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| Tawra's Family $2000 Budget |
Here is my current monthly budget. It is based on a total after tax income (after medical insurance is taken out) of $2085.00 per month. The book is not showing a profit yet so we get no income from it. We moved to Wichita, Kansas and purchased a house in May 2001.
A couple of notes about the budget: |
- You will notice there is not a section for clothes. We get enough for Christmas from the grandparents that we don't buy much but underwear, socks and shoes. If there is something else we need, I supplement with nice stuff that I buy at garage sales. All clothes items come out of the Wal-Mart category with the paper goods.
- After 3 years on the market we finally sold our house in Idaho and had to take a loss of $7500.00. We took $8000.00 cash advance on our credit cards to pay for it. We needed the extra $500 to catch up on some medical bills. I immediately transferred the 8K to 2 credit cards on which I am getting 3.9% and 5.9% interest until it is paid off. Hopefully it will be gone in 18 months to 2 years.
- All eating out is included in the Social/Entertainment category.
- Our grocery budget includes food only. Our food budget is for two adults and two pre-schoolers. I buy almost everything at one store and stock up buying only sale items from other stores. I can get paper goods cheaper at Wal-Mart than the grocery store, so I buy them there.
- We have medical insurance through Mike's work. It costs us $300 a month and then we have a $500 deductible and $10 co-pay each time we go to the doctors and for prescriptions.
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INCOME-after tax |
| Mike's check |
$1766.00 |
Tawra's disability |
$319.00 |
TOTAL INCOME |
$2085.00 |
Tithe (church donation)
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$210.00 |
| Food |
$125.00 |
| Mortgage (Includes taxes and insurance. Also includes an extra $30 every month toward principal.) |
$755.00 |
| Sewer, water, and trash |
$30.50 |
| Phone |
$50.00 |
| Electric and gas (on the high side) |
$200.00 |
| Gas for car |
$40.00 |
| Credit cards |
$210.00 |
| Internet (The book pays for it.) |
$00.00 |
| Uncovered Medical Expenses |
$75.00 |
| Wal-Mart (includes all paper goods, clothes, soap etc.) |
$75.00 |
| Dog food |
$4.00 |
| Stamps |
$6.00 |
| Car insurance |
$60.00 |
| Car repairs and tags |
$75.00 |
| Haircuts |
$18.50 |
| Presents-birthdays, etc. |
$50.00 |
| Social and entertainment |
$30.00 |
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TOTAL EXPENSES |
$2014.00 |
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