We’ve hit the halfway point! It’s crazy to think how fast 2015 is flying by. So far our savings is on track to meet our 2015 savings goal (to save 50% of our net income). But whether we actually meet our goal is totally dependent on how we fare these next six months. So! One half of the year down, one more half to go.
June Budget Recap
June was expensive. We didn’t even do anything too crazy, but we celebrated our two birthdays, Father’s Day, a family member’s birthday, and our anniversary. We’d budgeted for all of those expenses at the beginning of the year, but it still felt like money was bleeding from our bank account. We helped to counteract some of our spending with some extra side income projects, which helped us to meet our savings goals for the month. And now, on to July!
July 2015 Budget
|Personal & Clothing: $120 (rolls over monthly)
Everything Else: $305
Gifts: $145 (rolls over monthly… currently at $200)
Vacations: $200 (rolls over monthly… currently at $840)
Total Expenses (minus rent): $1,911
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
*Living in NYC, our rent is a bit of an anomaly (major understatement) compared to our peers in the rest of the US of A. To give you an idea, it’s more than twice what we were paying in Utah. Yeahhh. But that just means the rest of our budget is that much more essential this year.
July Budget Changes
- We don’t have any changes to our budget this month, but we’ll have some big changes coming, so stay tuned! Also, this month we’ll be sharing all the details of our Aflac payout from Wynn’s birth, so get ready!
It’s the first month of the second half of the year, or something like that. We’ve only been tracking for five days (and our grocery budget is already being a bit unwieldy!), so if you haven’t started your July budget, join us today! Who’s ready to budget the heck out of the second half of 2015?