November’s here! And while we technically have Thanksgiving before the start of the crazy Christmas season, I think we all know the craziness really starts now. Sally’s already informed us exactly what she wants from Santa this year, which seems way too advanced for a two-year-old. She has high hopes, so we’ll be keeping our eyes peeled for good deals this month and next.
Somehow we went over just a bit in almost every category in October. Actually, I know how. We kept getting behind on tracking our spending, and so we weren’t as aware as usual. When we finally did catch up, it was too late! It was one of our busiest months with starting our side business and my half-marathon training ramping up. But both of those are behind us now, and we’re hoping for some more normalcy (and sleep!) this month. I’m also hoping to start some of our Christmas shopping this month so our expenses are spread out and not just lumped into one big, jaw-dropping amount.
And while budgeting is the same as always, the way we look at money has changed some since becoming self-employed. Our income is less predictable, and it comes less regularly and from a few different sources instead of just one. So that’s been an adjustment that both of us are still getting used to.
So here’s our budget for November, as well as some notes about some new expenses we’re expecting this month:
November 2015 Budget
|Everything Else: $305
Child Care: TBD
Holiday Shopping: TBD
Total Expenses: $3,939
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
A few notes about November…
- Starting this month, we’ll be having Sally and Winnie watched part time. We’ll be doing a trial run of the number of hours and whether to just have Sally or both girls watched. I’ll be able to share more details on the cost at the beginning of next month. Deciding to have them watched regularly was a hard choice, but I’m hoping it will help me be a more present parent since I’ll be able to separate work and parenting better.
- We’re planning to start holiday shopping this month, so we sat down and reviewed our Christmas budget just last night. I’m not sure how much of it we’ll spend this month, but we have it noted just in case.
- As I mentioned in October’s budget, we have our savings amount listed the same for each month for now, but we’re still working on figuring out what we’ll actually be saving with our self-employment income and expenses. We’ll report on how this year shaped up once we do our end-of-year net worth.
So that’s November’s budget. I love this time of year so much. I’m going to be extra motivated to keep all our budgeting categories in line so I can spend our Christmas budget without any extra anxiety :). Have you planned your November budget yet? We’d love to hear about it!