Thursday, September 16, 2010

Budget 9/15 - 9/28

After a long hiatus I've decided the honeymoon is over and I should put up a budget post. Note, however, that this budget only reflects my income and the bills I'm responsible for. The DH and I haven't changed the way we manage our money now that we're married though as always we talk about our money and mutual goals. I still transfer money to our joint savings account that we were using for the wedding, except now it's being used to pay off debt.

And about that....yeah, we managed to rack up some consumer debt. It's not terrible and we have a plan to eliminate it, but it puts some other goals on the back burner.

Anyway, here it is:

Starting Balance = $1277

Sallie Mae - 407
Defaulted Student Loan - 260
Credit Card - 200
Sprint - 74
Gift - 40
Health - 25
Clothes - 100
Charity - 20
Misc. - 152

I need some new clothes for the upcoming busy season at work and we have two weddings to attend in October.

My paycheck is a little less than normal because I'm now paying for health insurance for two. The good news is the amount I'm paying now doesn't increase if we add dependents in case we ever decide to make any little humans.


Anonymous said...

did you mean "because I'm NOW paying for health insurance for two" instead of "NOT paying". (Just to show you that I'm paying attention.) Keep up the good work!

Sallie's Niece said...

Fixed. Thanks for looking out!

Anonymous said...

do you think you'll ever be out of debt? I doubt it but interested in what you think. Weddings, new clothes - you really live on the edge.

Sallie's Niece said...

Thank you for your comment, anonymous. This is not a blog about rapidly getting out of debt. Even if that were my goal and I devoted my entire paycheck to my student loans it would take me about 5 years. As it is I hope to have them paid off in 8 years - all the while spending money on silly things like clothing and medical co-pays. Not sure how that means I "live on the edge." As for being out of debt, my husband and I have a 30 year mortgage at a great low rate which we should have paid off before we retire.

Anonymous said...

Interest rates are so wonderfully low in the US.