I am working on a Budgeting project. I believe that if you know where your money is going you do better financially. One of my readers has offered me her budget to work from. If you would like to offer your budget for my next project please e-mail me at [email protected] I would like to share her budget as well as a few tips to go with it. =)
|VA Pay||1st of Month||$1,264|
|2||Pay check||2 x’s a month||$2,400||does have freq overtime|
|4||Bill||amount due||Date||Amount Owed|
|6||Child Support #1||$375||1st|
|7||Child Support #2||$350||1st|
|9||Cell/4 phones||$240||10th||I want this lower…but am at a loss|
|10||Military Star||$165||12th||$3,200||very low interest|
|12||Cable||$175||8th||will be going to around $120|
A Few Suggestions:
Here are a few of the tips that I can do based on this budget.
I just spent some time looking into the area where this reader lives. This reader could go with Boost Mobile. It is a month by month phone plan instead of a long term contract. They offer unlimited nationwide talk, text, web, 411, IM & email for $50 a month. Given the above budget that would be a $40 savings. They also offer a “shrinkage” program. For every 6 payments you make on time you will save $5 a month on your bill. This means that you could eventually be paying only $35 a month for unlimited talk, text, web, 411, IM, & E-mail.
If you could get down to $35 a month that would be a $100 savings on your cell phone bill.
If Boost Mobile is not in your area you may also want to look into Metro PCS. They offer the same unlimited features for $45 a month.
I am a very big fan of Dave Ramsey’s Debt Snowball.
This is how it would look with the above Budget.