Hello from Utah! We’re back in the Mountain State, whose name is actually the Beehive State oddly enough. We’re behind on everything, including responding to some (many) comments. But we’ve been reading them all, and we’re excited to get back in the groove of everything. Our whole family functions better when we’re on a schedule, so we’re hoping this is the week that we get that down pat.
One of the biggest changes with moving from NYC back to Utah was our budget! But before we get into all the ins and outs of how our budget has changed since last month, here are a few more deets on our move west.
Why’d you leave New York?! A few months ago, Johnny started working from home, which means his job is now location independent! As much as we love NYC, the cost of living is hard to swallow if it’s no longer a necessity. We also needed more space for his office, which was located in our living room in New York. Either the girls and I or Johnny had to leave the apartment for most of the day in order for him to get work done — not ideal.
So we started planning a move back closer to family and more affordable living. We had to wait to finalize the move until someone else signed a new lease with our apartment (since we’d be breaking contract early). That whole process was wild and crazy because New York, and it wasn’t until a couple of weeks before we moved that we even knew it was a sure thing! We’ll really miss the city (of course!), but we’re excited for some perks of suburbia, too (my own laundry room!).
And now onward and upward to our August budget! A few days after we got moved into our new place, Johnny and I sat down and hashed out our budget for the rest of the year in our new location.
August 2015 Budget
|Everything Else: $305
Total Expenses: $3,139
Church/Charitable Donations: 10% of income
Savings: at least 25% of net income, but planning on enough side income to have saved 50% at the end of the year
August Budget Changes
- No more NYC rent! We’re saving a boatload in rent, which we’re very excited about. For the first time ever, we’re renting a house, which means no shared walls or downstairs neighbors to stress over when our two-year-old is acting super hyper (which is pretty much always). That simple fact has seriously cut our stress levels in half.
- We’ve decided to lower our Food budget by $50 now that we’re living somewhere less expensive, so we’ll see how it goes!
- Our utilities have adjusted some, and our Non-Discretionary category now has Gas and Auto Insurance within it now that we’re car owners again!
- Johnny and I were doing a terrible job spending from our Personal category, so we decided to get rid of it altogether for the rest of the year. Instead, we’ve added Clothing as a subcategory to our Everything Else category, so any clothing or personal spending will just come from there.
- We’ve also gotten rid of Gifts as a rollover category. Instead, we’ll just evaluate our projected Gift spending at the beginning of the month and take it from there. We decided to do this to simplify our budget each month.
- Just like our Gift category, we removed our Vacations as a rollover category. We’re going to evaluate our Vacation spending from month to month instead. We’re not planning any big vacations for the rest of the year, so we’ll just be evaluating small weekend trips here and there.
Long story short, we tried to simplify our budget some and reign in extra spending as much as possible for the second half of this year. We moved ourselves across the country, which cost a few thousand, and we also just purchased a car and a washer and dryer, which also cost thousands. Lots o’ spending. We’ll have separate posts on all of that madness soon. Since none of those were expected expenses for 2015, we’re going to be watching our spending very carefully over the next several months.
Life is crazy, and sometimes our budget needs adjusting. So we adjusted it! We’re looking forward to seeing how our new budget plays out for the rest of the year. What adjustments have you made to your budget this year?