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 see if we can get it cheaper. I have to have a home phone and we need the internet so Mr. Money can search for a job.
Gas- $150.00- We cut this a lot since there isn’t a need to drive every day.
Retirement- put on hold
Savings– put on hold
Health Insurance- $240.00- we have to pay this all ourselves now each month.
Water Bill- $22.00
I won’t lie, I’m really scared right now. Hopefully he will be able to start collecting unemployment soon. He had three interviews with one company last Monday but hasn’t heard anything back yet I think I’ll be less stressed once I know we’ll have some money coming in. I’m still trying to come up with some ideas of things I can do from home to bring in money.
It seems as though everything I can think of is already being done or just not a good idea.
I’m hoping Mr. Money will line up a good paying job with benefits soon. The unknown is so scary!
Do you see anything in our budget you think I should change?