I am just tinkering with our new budget. I don't know if I have missed a number or something... it doesn't seem right to have that much money 'left' for savings and extra mortgage payments. Does anyone see anything that I might be missing? Or is it just that I under-estimated our abilities? All amounts are calculated weekly.
Income:
Me: $611
DF: $803
Total: $1414
Expenses:
Mortgage: $443
Groceries: $120
Petrol: $40
Loan Payment: $37
Mobile Phone: $11.50
Personal DF: $80.30
Personal Me: $61.10
Bills: $145 *
Total: $937.90
*cost per year divided by 52 and saved per week for the following: rates, car rego x2, car insurance, gas, phone & internet, racq, electricity, car repairs, home & contents insurance.
Income: $1414
Less expenses: $937.90
Left Over: $476.10 (savings)
Savings:
EF: $300
Mortgage: $175
Change Jar: $1.10
(for the first few months I really want to concentrate on having a solid EF. I am thinking $4000 for our first goal. Once we reach that amount we will talk about flipping the amounts and adding $250 a week into the mortgage, $150 into the EF and the $76.10 will divide up into our smaller savings accounts for household items on the want list. We are also going to talk about setting up a 'home repairs' account too - for the time being the EF will double as that. Final EF goal is three months of expenses: $12200. Neither of us have EVER been without work for that long - actually we have never been without work, so we think we will be pretty safe. My job is stable and guaranteed, and DF's trade is in demand.)
I am hoping I added everything up right. Does it all seem right with you guys?
Oh, and to answer the ever-recurring question before it is asked: NO we don't have, and will never get, cable! 
our new budget!
January 26th, 2009 at 12:26 am
January 26th, 2009 at 01:20 am 1232932837
I had a question for you is it easier to figure the budget weekly as opposed to bi weekly I'm new to this stuff and trying to get things in order
January 26th, 2009 at 01:24 am 1232933082
for me personally it is easier, as DF and I get paid weekly, and our mortgage will be coming out of our account weekly.
if you get paid bi weekly, it might be easier that way. or monthly.
January 26th, 2009 at 01:33 am 1232933638
January 26th, 2009 at 01:43 am 1232934193
January 26th, 2009 at 02:19 am 1232936387
January 26th, 2009 at 03:43 am 1232941438
frugaltexan: i discussed home repairs in the savings part,('We are also going to talk about setting up a 'home repairs' account too - for the time being the EF will double as that') and all our appliances are new with warranties. this budget is only for a few months to a year until we get used to mortgage payments and then i will re evaluate. and even then, we will probably use the EF as a savings account for all of those things to make things simpler.