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Unlike our September budget, our October budget felt tighter than normal. I guess that extra pay really helped us out the month before. We found out I will most likely have to have a minor surgery soon, so we’ve been saving every extra penny towards that. I’m also feeling really stressed about not having enough money in case of an emergency, so adding to our emergency fund will be another goal. We also found out that $150 of our paycheck that we thought was regular pay was actually back-pay, which means (in my mind) we’re losing $150 each month. Thankfully, though, the back-pay was calculated correctly because had it been an over-payment the government would quickly come back for it. So in reality, it could always be worse!
October Income- $3,265.81
We live off last month’s income. For an explanation of why we do this, check out this post.
Wow! It’s amazing to see how much God has provided for us this month! Our income came from a few different sources, so I’m going to break this down.
Andy’s September Paycheck- $3,207.61
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.
Various Sources- $15.90
This month we had income from a refund for our electricity bill.
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.
We gave some money to our church for our “permanent building fund” since church meets in a school gymnasium as well as provided snacks one Sunday at church. I also have a sponsor child, Veronica Sarah, through Compassion International, to whom I gave a monthly donation plus Christmas gift.
Total Spent- $228.24
This includes our rent, cell phones, internet, renter’s insurance and Netflix.
These bills are pretty consistent month-to-month. Since in the civilian world you’d have to pay out of pocket for rent, we calculate that in here as well. I did decide to move renter’s insurance to this category since it’s more similar to these bills.
Total Spent- $1,136.50
This includes groceries, fast-food meals, household items like toilet paper, and home improvement
We went really cheap on groceries this month because we need to save every penny possible. Also, our cabinets are pretty full, so I want to eat up this food before it expires! I had planned to buy photo prints from our wedding/honeymoon, but I missed the 50% off coupon so I am going to wait another month.
Total Spent- $222.23
Rolling over to next month- $56.77
This includes my dental insurance, chiropractor visits, and any over-the-counter medicines.
No medical expenses this month– hooray! (My husband said I can’t say “hoorah!” any more because it sounds like HOO-RAH! which is a Marine saying 😉 ) I did have a dentist appointment earlier in the month but thankfully MetLife Dental covered it 100%! I did set $65 back for a chiropractor appointment in the future whenever I feel like I need an adjustment.
Total Spent- $0.00
Rolling over to next month- $65.00
This includes gasoline, car insurance, car repairs, AAA membership, and car taxes.
We spent less on gasoline this month, thankfully! Not a whole lot, but some. Every penny counts! We also determined it will be cheaper for Andy’s headlight repairs than we thought, so we pulled out $100 we had saved for it.
Total Spent- $192.95
Rolling over to next month- $100.00
This includes new uniforms, college classes, haircuts, and everybody’s favorite– mandatory “fun” events.
Andy needed new running shoes, so we spent $100 on those. He also needed a bunch of supplies for his Air Assault training school and had his regular haircuts. We did still manage to save some money for when he needs to buy more uniform pieces, which will be sooner than we think.
Total Spent- $176.66
Rolling over to next month- $72.27
This includes anything related to Bailey’s work and education.
I’m taking a SHRM-CP (Human Resources certification) prep course for free through the MyCAA program (I’m also taking an Income Tax Course for free through H&R Block through a scholarship they have for military spouses.) I’m planning to test for the SHRM-CP exam either in February or May, so we’ve already set aside money to cover the exam and some study materials. I didn’t buy anything this month in regards to my career or schooling.
Total Spent- $0.00
Rolling over to next month- $480.00
This includes any and all Gracie and Lily-related expenses.
We bought Lily a big bag of dog food, a gate to keep her out of the laundry room (and therefore Gracie’s food and litter box!), and some treats and a new name tag from PetSmart.
Total Spent- $75.13
This is for any date-night related expenses, including activities and eating out.
Other than a few quick dinners at fast food joints, we only had 2 actual date nights– one at Jailhouse Pizza and another at Colton’s Steakhouse (for Andy’s birthday.) For entertainment, we went to Oktoberfest and the Postmodern Jukebox concert (which I had bought tickets for in July.)
Total Spent- $171.48
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 bought a movie set, some coconut oil, a travel book, two e-books, and went out to eat with friends twice. Andy? He spent all of his money on extra food. (He still had $3 left though!)
Bailey’s Total Spent- $104.36
Andy’s Total Spent- $114.45
Andy’s Rolling over to next month- $3.27
Like most military families, we’re on the move every 2-4 years, so we try to save in advance for these moves.
We’re not planning to PCS for another year and a half, so we will start saving money in 6-8 months.
Total Spent- $0.00
We’re hoping to go on vacation soon (no clue when), so we wanted to start saving towards it now.
All extra money this month went towards our vacation fund. Ideally we’d like to get away for a night or two this winter and possibly a longer trip next year.
Addition for this month- $300.00
Rolling over from last month- $391.20
We’re working to pay off our debts, so I decided to list these with more detail than our other budget categories.
Discover Card- $100.00
This is for the minimum payment on my Discover card.
Student Loan- $72.54
This is for the minimum payment on my student loans.
Personal (Wedding) Loan- $230.39
This is for the minimum payment on my personal loan, which we used for the wedding.
Debt Snowball- $26.00
This is for any payments above our minimum payments.
We allotted $26 extra towards debt repayment (our Discover card) that we will pay at the beginning of November.
Total Spent- $428.93
Andy and I keep a $1,000 emergency fund in our savings account to cover any major unexpected expenses that we can’t cash-flow in our monthly budget.
We haven’t been able to add any extra money to our emergency fund, but at least we haven’t had to use it yet!
Rolling over for future- $1,000.21
How was your October budget?