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2014 Financial

December 4th, 2013 at 09:50 am

2014 Financial:

My Income: $1,300.00/per MONTH (after taxes) – Yuck!
Other income: $1,500.00 – tax return
$1,000.00 – other

Monthly Expenses (does not include savings, retirement or college):
Bills: $400.00 (Cell phone, internet, tv, gas, electricity, water, car insurance)
Fuel: $120.00 (My fuel)
Groceries: $100.00 (I only pay a small percentage of groceries)
Babysitter: $50.00 - $65.00 (Depends on how many days and how long. I pay 35% toward babysitter. We will have to switch babysitters in June, 2013, so we’ll see if it becomes more expensive.
Misc.: $80.00
TOTAL: $670.00 - $685.00
Other:
Will be left with about $500.00/month for retirement/college/savings

Random expenses in 2014:
1.Wedding Gifts = $100.00
2.Wedding Travel = $500.00
3.Car Registration(s) = $500.00
4.Kids’ birthday parties = $300.00 ($150.00 each for cake & ice cream, party supplies, presents, etc.)
5.Vacation = $500.00 (Not sure we’ll take one)
6.Clothing = $500.00 – we are all really in need of some clothes!
7.Home (random doings) = $150.00 – the house is so blah right now!
8.Birthday gifts/Graduation gifts = $150.00
9.Christmas = $400.00
Total Random = $3,100.00

Investments in 2014:
College:$300.00 for the year (fiancé does another $300.00)
Retirement:$5,500.00 for the year (fiancé max’s out his Roth also)

Savings will go toward:
Shoulder surgery: $4,500.00 $4,000.00/$4,500.00
Recover time: $5,500.00
Roof: $2,000.00
Gutters: $1,200.00

I don't know how to manage next year:
1. Throw tax return and other at retirement so I don't have to budget so much for that - if I do that I'd contribute $58.00/week to retirement; or
2. Throw tax return and other at random expenses so that they are covered and we don't have to worry about it. Save monthly for retirement and surgery, time off, and house improvements; or
3. Throw tax return and other at surgery, time, and house improvements so we can get that out of the way.

I think I could cash flow us through fiance's time off work for surgery if I throw it at retirement. I just don't know the best way to go about it.

Fiance will also help with everything except my portion of college, and retirement.

Any ideas?! We have a lot going on next year!

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