Daniel and Amanda’s Weblog

October 15, 2007

Halfway through

Filed under: Married Life,wealth — theburts @ 3:10 am
Tags: , , ,

It’s October 14th, almost halfway through the first month of our new budget. Since Ariah’s talking about numbers, here is part of our budgeted items. It’s the first time we’ve set a budget together, so we realize some things are too high and others too low. We welcome any comments or insight! Here are the basics:

Groceries $200
Rent $625
Entertainment $90
Personal Items (shampoo, clothes, etc) $100
Fun Money $80 total between the 2 of us
Gifts/Miscellaneous $200
The rest are things like car expenses and gas (which are about to be cut down since I’m starting to ride my bike more often), school loan and mortgage, vacation ($100 a month to save up for our next vacation), giving (we don’t know how we’re going to give yet, so we’re starting an online ING account called our “Acts 2 and 4 account” until we figure it out), cell phones, and car insurance.

Here’s a rundown on how we’re doing in the middle of the month.
*Entertainment: We played two rounds of mini golf today (had a 2 for 1 coupon), so that totaled $10 including a Snapple halfway through. Leaves us with $50 in our entertainment envelope.
*Groceries: Still doing really well on the groceries one, partially due to our “free” after hours grocery shopping (did we mention we took Daniel’s MOM dumpstering the other night up in bowling green, KY? heheh), and partially due to us already having some food in the freezer and fridge when we started the budget. AND other free meals like at the parents’, using gift cards, and a free meal tonight paid for by Costco!! So we have $174 left in that envelope.
*Fun money: Daniel’s fun money is still gone, and Amanda’s is doing OK.
*Personal: We haven’t used anything from the personal envelope yet.
*Gifts/Miscellaneous: Daniel chose to get a phone that cost money when he got his “New every 2” upgrade, and he failed to consult with Amanda. Oops. We decided that this category and the personal category are going to be things that we must agree on, so we keep some accountability there. So with that and $13 for Daniel’s birthday presents, we’ve used about $100 of the $200 allotted in that category.
*Rent: Although rent is usually constant, this month’s free because of the flooding and eventually having to move out for a week so they can repair. So yay for flooded apartments. :)

So when we talked about what might need changing in future budgets, Amanda feels that we could lower both groceries and gifts/miscellaneous, and Daniel feels like we could lower personal and also gifts/miscellaneous. We’d love to hear your input…where we’re spending too much, or areas we could cut back that we may have not considered. As Ariah mentioned, it’s tough to know how much to divulge…hopefully this isn’t too much. We’ve intentionally left out amounts like income and giving. We’d love to have dialogue about those with a friend, so that we can be challenged in that area, but we don’t feel like the public internet is a place for that.

Ok, stay tuned for more updates! Love and peace,

Amanda and Daniel (this was our first co-written blog)

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