I feel like this month’s budget went fairly well. We were both really impressed by how much we didn’t spend from our grocery and gasoline categories. We went over a teeny bit in our date night categories, but adjusted our budget to account for it; we don’t feel bad about it, since we’re trying to take advantage of everything Kentucky has to offer before we move.
May Income- $3,439.85
We live off last month’s income. For an explanation of why we do this, check out this post.
Andy’s May Paycheck- $2,655.98
This is Andy’s net (take-home) pay. 10% of his paycheck is automatically deducted for his TSP (retirement fund.) This post explains why my husband and I are comfortable sharing our salary information on my blog.
Andy’s annual clothing allowance hit his paycheck! We put 100% of that towards his uniform sinking fund. One of the blessings of Andy being a Recruiter is that he was issued about $600 worth of new uniform pieces since all Recruiters have to get a fitted set of ASU’s.
Bailey’s May paycheck- $764.07
We are immediately putting 100% of my paychecks into savings for our move to Iowa.
I am back down to just one job until a few weeks before our move, but I actually made a fair amount of money as I had picked up some extra hours at work.
Since we bank through a credit union, we get a small share of their monthly profits back as a dividend based on how much money is in our accounts. We are saving these pennies for the big move, because every penny counts!
Random Income- $18.94
I returned some items and put the refund in our general budget category.
Since we currently live on-post, this is automatically deducted from Andy’s paycheck so it does not come out of our regular budget. When we use less utilities than allotted, we receive a refund check by mail.
Total Spent- $960.00
We believe that “our” money is not ours, but God’s, so we give a 10% tithe on Andy’s paycheck. Read our thoughts on tithing here.
I have a sponsor child, Veronica Sarah, through Compassion International, to whom I gave a monthly donation. I also pulled from our “giving” category to buy Mother’s Day gifts and a baby gift for Baby Andi. I just want to spoil her so much!!!
Total Spent- $84.01
Rolling over to next month- $242.78
This includes our cell phones, internet, renter’s insurance, and Netflix.
Nothing has really changed in this category. It will be interesting to see how this changes when we move to Iowa!
Total Spent- $223.64
This includes groceries, fast-food meals (not date night meals), household items like toilet paper, and home improvement.
We came in drastically under budget for this month because we are started Operation Eat-All-The-Food. We’re eating up our freezer stock and making a dent in our pantry stock. One of the perks of a PCS, I suppose!
Total Spent- $818.92
This includes my dental insurance, chiropractor visits, and any over-the-counter medicines.
Nothing to see here, folks! 😉
Total Spent- $0.00
Rolling over to next month- $35.00
This includes gasoline, car insurance, car repairs, AAA membership, and car taxes.
Our AAA membership’s yearly renewal occurred this month. Gas prices dropped for about a week here in Kentucky, so I was that crazy person filling up at Kroger every single morning while it was under $2 a gallon. (Thankfully, I drive right past Kroger on my way to work, so I wasn’t wasting gas with my trips!) Next month, we will spend more than usual in this category as Andy’s truck brakes need to be repaired.
Total Spent- $402.12
This includes new uniforms, college classes, haircuts, and mandatory fun events.
As I previously mentioned, Andy’s annual uniform allowance came in, so we bought a few new uniform pieces. He also bought pictures of his Recruiting school class, some new business casual clothes, and got two haircuts. He signed up for another online college class next month, so we also bought his textbook.
Total Spent- $302.51
Rolling over for the future- $209.79
This includes anything related to Bailey’s work and education.
Since the last time I bought an interview suit was about 7 years ago (!!!) and I will (once again) be back on the hunt for a job once we move, I bought a new jacket and pencil skirt.
Total Spent- $38.86
This includes any and all Gracie and Lily-related expenses.
We bought the pets some pet food storage containers, paid our pet sitter to watch the rugrats while we were out of town twice, and bought Lily a new toy. Unfortunately, Lil tore Lambie to shreds as soon as she got him!
Total Spent- $100.73
This is for any date-night related expenses, including activities and eating out.
Our dates for the month of May were an overnight trip to Cave City in the first weekend of the month, then visiting Owensboro for the BBQ Festival and Mother’s Day for the second weekend of the month. We also went out for a nice dinner twice– once at LongHorn Steakhouse for Andy’s Recruiting school graduation, and then to meet Brandi and Aaron for a double-date at Cheesecake Factory. We spent much more this month for date nights than normal, but it was much needed as we hadn’t really had much quality time together in 2017 due to our work schedules.
Total Spent- $333.43
This is for Andy and Bailey’s individual fun money allowances. They each get $100 can spend them however they please or roll it over to the next month.
I spent all of my fun money for the month and ended up tapping into my June money. I bought a book for a virtual Bible study, bought two Ultimate Bundles, booked a flight home for my Mamaw’s birthday in September, bought a new Army t-shirt, and ordered a Plum Paper planner. Andy spent his money on video games and fast food.
Bailey’s Total Spent- $155.69
Over budget- $55.69
Andy’s Total Spent- $83.22
Like most military families, we’re on the move every 2-4 years, so we try to save in advance for these moves.
In March, we found out we’re moving this summer— a year sooner than we had planned! Every penny we aren’t using in our budget is going toward the PCS fund with a goal of saving $5,000 for the moving expenses and deposits on our rental house.
Total saved in March- $656.83
Total saved for move- $4,943.87
We’re working to pay off our debts, so I decided to list these with more detail than our other budget categories. Any “extra” money for debt snowballing will be paid in the next month.
DISCOVER CARD- $62.00
This is the minimum payment for our Discover card.
Estimated payoff date: June 2017.Official payoff date: March 2017.
Student Loan- $72.54
This is for the minimum payment on my student loans.
Estimated payoff date: June 2018.
Estimated payoff date: ???
Personal (Wedding) Loan- $230.39
This is for the minimum payment on my personal loan, which we used for the wedding.
Estimated payoff date: March 2018.
Debt Snowball- $0
This is for any payments above our minimum payments.
Unfortunately, our “debt snowball” is on hold until we settle into our new home this fall, so we can use the extra money to fund the move.
Total Spent- $302.93
Money put towards visiting places on our Iowa Travel Bucket List.
We bought camping supplies since the only “camping supplies” we own are what the Army issued Andy. I’m not a “glamper” by any means, but Army-issued camping supplies were a little too far for me. With there not being an MWR nearby, and the number of camping trips we plan to take over the next few years, it was a great investment! We’ll be putting them to use next month for our anniversary trip!
Total Spent- $100.60
Travel to Kentucky
Money budgeted solely to visit my old Kentucky home!
The day Southwest opened their calendar for the 2017 Christmastime flights, I booked Andy and my flights to/from home for Christmas. Normally I wouldn’t do so since it’s a gamble to book a flight before leave is approved, but since I was using my Rapid Rewards points earned from travel hacking, my points will be refunded if we need to cancel or switch flights. It would have cost over $600 out of pocket if we paid cash, but we only paid $22.40 (for taxes.)
Total Spent- $22.40
A few more “random” expenses that didn’t have their own category.
Nothing to see here, either!
Andy and I keep a $2,500 emergency fund in our savings account to cover any major unexpected expenses that we can’t cash-flow in our monthly budget.
So far our emergency fund is holding steady! 🙂 We’re hoping to keep it at an even $2,500 and tap into it only when absolutely necessary. We’re not planning to use our emergency fund for our PCS unless we come up short. Each month we earn a few cents in interest, which goes straight towards the savings!
Rolling over for future- $2,502.44
How was your May budget?