See our family budget update: what we spent, what we saved and if we met our financial goals.
By popular demand, I’m bringing back our family budget updates.
Each month I’m sharing the financial goals we’re working on and how things are going in real life, which will help to keep me accountable and hopefully encourage you in your budgeting journey.
Family Budget Update August
Our Vision: To be wise stewards of our resources using the abundance God provides to meet our basic needs and to be ridiculously generous where He leads.
August Financial Goals
- Hold weekly budget meetings to plan every paycheck. ✔
- Give money from every paycheck. ✔
- Keep expenses as low as possible. (See our $60 Grocery Budget Meal Plans and Shopping HERE.) ✔
- Pay at least $100 this month toward medical bills. ✔
Spending for August
(See the budgeted amount in parenthesis; spending amount after the colon. Amounts in red are over budget.)
mortgage, taxes and insurance ($1138/month): $1138.00
utilities- water, power, internet ($250/month): $276.66
cell phones ($40/month): $40
groceries ($60/week or $240/month): $306.01
non-food household items/toiletries ($25/month): $58.41
car – gas, tolls, maintenance ($300/month): $154
car insurance ($120/month): $120
medical – doctor visits, prescriptions, counseling fees ($100/month): $10
clothing ($25): $0
life insurance ($51/month): $51
health insurance ($300/month): $300
pet costs ($40/month): $62.07
personal spending ($10 each/weekly -$80/month): $80
weekly dates ($80/month): $10
*hurricane supplies: $249.38
Total Budgeted: $2789/month Total Spent in August: $2855.53 + Giving (over by $66.53)
*Hurricane Dorian appeared to be headed our way so we stocked up on supplies.
My husband made extra commissions this month so we were able to pay more than expected toward our medical bills leaving a balance of $2948.
Total Debt Repayment: $247
We spent all extra funds toward paying off our medical debt so we added nothing to our baby emergency fund this month.
Total Savings: $0
September Financial Goals
- Continue weekly budget meetings to plan every paycheck.
- Continue giving from every paycheck.
- Keep expenses as low as possible.
- Continue paying off medical bills.
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I would love to hear how you’re doing with your financial goals so leave a comment. 🙂
We can do this!
P.S. – See my 2019 Goals Post HERE with all of my goals for this year.
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