Archive for the Budget

2012 Goals Update

I realize that we’re almost two months into 2013, but I’d still like to go over our 2012 goals and recap how we did. I also need to set up some 2013 goals! 😉 1. Set up a savings account for the baby. We opened a savings account with ING (now Capital One 360) for the baby a few months after she was born.  We put any birthday/gift money into it for her.  I need to research 529 plans and see if that is something we’d like to do. 2. Figure out life insurance. We have some life insurance though Mr. Money’s employer but should probably look into getting more. 3. Change beneficiaries.  Did this!  It was very easy once we got the baby’s social security number. 4. Make more money blogging/working from home. Looking back, this was quite a lofty goal.  I mainly focused on taking care of my high needs baby while trying to keep the house clean.  It was a little crazy.  Although I didn’t quite achieve this goal, I don’t feel one ounce of guilt about […]

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The Bare Bones Budget

Obviously, with Mr. Money unemployed, we’re adopting a bare bones budget.  Here’s our budget and what we’ve done so far: Mortgage- $793.00 (Can’t change this) Escrow- $220.00 (Can’t change this) Gas & Electric- $140.00- Since we budget this ourselves, we currently have a surplus.  If things get really bad I can use up all the money in our electricity account and start contributing again when Mr. Money has a job.  I’ve started line-drying all the clothes and we’ve turned the thermostat down a little.  Hopefully those two things will help. Car Insurance- $92.00- I can shop around for quotes but since we bundle our homeowners insurance with it, I don’t know how much cheaper I can get it. Groceries- $300.00 🙁 I cut this a lot, and it makes me sad.  I am hoping we can actually make it on $300 a  month for groceries. Cell Phone- $43.00- Mr. Money is going to take over my phone since he’s losing his company phone.  I’ll go without until I get a prepaid. Cable, Phone, Internet– $145.00- I’m going to call to […]

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Thinking About Christmas

We’re exactly three months away from Christmas.  Yikes.  I’m already planning because this is my first Christmas as a stay-at-home mom, and my lack of income is going to make it more interesting to purchase Christmas gifts.  I’m sure we’ll be fine though, and it will just spur me to be more creative.  Here are some things I’m working on to make our Christmas season a good one without over spending! 1. Make gifts. This is an obvious.  I need to get a move on this because if I’m going to knit things, it is going to take time.  And with an 8 month old baby, I’m going to have to find time first!  My plan is to knit a ton of dish cloths while I’m riding in the car and when I have some down time.  I think that will be the easiest.  I’d also like to knit some socks for people and maybe some new cute things for Penny. 2. Swagbucks. Swagbucks is a great way to make a little extra money for me.  What I do is […]

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Miscellaneous Thursday

For the past 5 months I’ve been a stay at home mom.  There are a lot of things that I’ve noticed over these past few months about our money spending habits.  Before I quit my job, Mr. Money and I enjoyed eating out frequently.  It was our hobby I guess.  Well, after we had the baby we’d find ourselves so tired that we’d grab take out or just go out for dinner.  Looking over our budget and bank balance, I’ve realized that’s got to change.  We just can’t afford to go out to eat like we used to and still be able to meet our savings goals and stay on budget.  I’m going to make a conscious effort to meal plan a bit better and make sure that we aren’t just being lazy when we go out to eat.  Maybe it would help to have a set night to go out to dinner? I get the moving itch every few weeks or so.  It is hard having a baby and not being around family!  The reason is probably not what […]

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Our 2012 Budget

For 2012, I wanted to come up with a more accurate budget, seeing that our baby would be born this year and hopefully we’ll be able to control our spending without worrying too much about it. I figured if I budget better, then I’ll hopefully be less stressed about where our money is going. Of course, I’ve also decided I’m not going to be so darn hard on myself because I’ll have a baby and have no clue how that’s going to impact our budget. If it costs us more money than I anticipated, then it does, and I’ll adjust our budget accordingly. Here’s our 2012 budget: Mortgage- $793.19 Escrow- $215.00 Energy- $150.00 Car insurance- $88.00 Verizon- $40.00 Cable, phone, internet- $125.00 Food- $350.00 Retirement- $100.00 House Stuff- $50.00 Gas- $200.00 Some notes: The mortgage is just principal and interest.  I used to round the payment up to $800 or so, until I found out that the extra money that I was paying was being applied to the next month’s payment!  Talk about annoying.  To make additional principal payments, I […]

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2012 Financial and Life Goals

2012 is already here, and I’m a little behind on our financial and life goals.  I’m a little uncertain about what I should aim for, as we’re going to have a brand new baby and will have to adjust to the new expenses and life with a child.  My goals this year will be attainable (I hope!) and I am crossing my fingers for the best year ever.  It certainly will be interesting and a lot different than past years!  Here are some of the goals I’d like for us to accomplish: 1. Set up a savings account for the baby. The baby has not even been born yet and already has a stash of money.  I’m going to open a custodian savings account for the benefit of the baby.  I will also have to research 529 plans in case that’s the way we want to go.  I’m thinking it would be easier just to open the UTMA (Uniform Transfer to Minors) account and wait until the money accumulates and then go from there.  We’ll see. 2.  Figure out life […]

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    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

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