Last month’s budget was a success, which makes us all that much more hopeful for this month, too. You never know how expenses will fare in a new home, new state, new (self) employment, so we’re happy to finally get some normalcy around here! Also, I did keep track of our entire month of meals in September, so I’ll be sharing that soon. Keeping track of our meals made it very clear to me that I’m still just surviving most days with two kids. Quality dinners just don’t happen as much as they should. That’s the bad news. The good news is that we stayed within our budget. We had almost $100 left over at the end of the month, which I spent stocking up on some Costco items on September 30th. I’ll share more details and some of our go-to meals in an upcoming post!
This month officially starts the next three most festive and expensive months of the year. I can’t wait! Keeping track of our budget will be more important than ever. There have been years when we’ve started Christmas shopping in October, but I think we’ve got enough on our plate right now, so we’ll probably wait until Black Friday to kick off our holiday shopping.
Now let’s take a looksie at October:
October 2015 Budget
|Everything Else: $305
Total Expenses: $3,709
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 October…
- We finally figured out our new self-employment health insurance (more details on that forthcoming), and it adds another $600 to our budget each month. Yipes! Johnny did a ton of research, though, and we feel like we’ll be getting the best bang for our buck with this new plan.
- We have our savings listed the same for each month for now, but we’re still working on figuring out just how much we’ll be saving with our self-employment income. We’ll report on how this year shaped up once we do our end-of-year net worth. Fingers crossed!
I can’t believe October is here! I love these next three months so much. Admittedly, Johnny and I are a tad more stressed than usual with our finances being a bit unstable, but we feel like we’re on the cusp of taking control. So I’m hoping October is the month when we’re able to organize our time and streams of income a bit better. How is October shaping up for you? With three months left in the year, what are your hopes/dreams/goals for your finances before 2015 comes to a close?