My monthly bills total 6423.39
Okay, with us thinking about moving, and reading
Mrs. Catherine's blog, I have been thinking about how hard my beloved works to make sure we have everything we need. Since I am a stay at home mom who doesn't add any income to our family, I was thinking of ways to help my beloved. At this season in my life, working from home is not an option. I just have too much going on with Britney's therapy, Kayla's school, and keeping the boys in order, etc. ;0) I have been working on our budget and trying to see where I can improve. I know I have blogged about this before, and I think about it for a week, and then I slip back into my old habits. This is an old budget I found in my computer that I had made up.
BILLS:
Tithes
Automobile Expenses:
Gasoline
Insurance
Tolls
Bank Charges
Cellular
Electricity
Home Association
Mortgage
Telephone
Water & Sewer
Food Expenses:
BJ’s
Groceries
Health Food Store
Healthcare:
Dental
Eyecare
Physician
House:
Garden supplies
Home Improvements
Home Repairs/Maintenance
Life Insurance
Entertainment
Misc (for me is Britney's therapy)I will admit that there are things that I do not consistently take out for, like gardening supplies, etc. Here in Florida, especially where we live, it is an expense; nothing huge, but things like mulch etc. In the community we live in, if it's not kept up to par, we get a letter warning us. If it's not done, we get fined. So I eventually have to buy mulch, but if I didn't budget for it, it would throw my little plan out of whack. So I sort of went through all of our expense with a fine tooth comb. Some things people forget to budget for are haircuts, co payments for doctor's appointments. Even if you take out 5.00 a month, then when the need arises to go to the doctor, you can take the copayments out of there. The same thing with home repairs. Even if we take out just a little a month, if the sprinker head breaks, we have a fund to take it out from. The scary part is, the amount I wrote at the beginning, $6423.39, does not include all those little things. This amount only includes the main monthly bills like tithes/offering, mortgage, electricity, phone, etc. If we move, 1/3 of that automatically goes away, as our mortgage is a big chunk of that. URGH!!
I am going to jump on the bandwagon. Mrs. Catherine has been talking about how some people do something called a compact. They don't spend anything extra for one year. She is starting one month at a time. I asked my beloved, and he is all for it. So we will only be buying food.
1-Any gifts needed will be homemade
2-I will try to make as many clothes as I can for the children. The girls are easy. I know I can make the boys pajamas and shorts, etc.
3- I will start making our soy milk instead of buying it. (I have a soymilk maker sitting in my cabinet, and about 50 pounds of soybeans.)
4- Make all of our bread
5- Open windows instead of turning on AC (Should be easier now, it's only going up to low 80's now.
6- Put laundry to wash on a shorter cycle and use colder water than what I use now
7-I will dilute certain things that the children use (they can't tell the difference)like syrup, juice, etc. also dish handwashing soap, etc.
I know some of you are probably thinking I'm insane, especially since my beloved's income covers all of our bills, BUT, why not try to cut back on our expenses and put that extra money into the principal of our mortgage. We can pay our house off a little sooner. Every time I make an extra $900 payment to the principle of our mortgage, we save $1,500 on interest. So not only am I saving on our bills, but I will be saving money on interst on the house. Our goal is to live as debt free as possible.
Our beloved's have a tough job. I can't even imagine how hard it must be to be the sole provider of a household, especially in our case, the sole provider of 6 people. (earthly provider, I know our Heavenly Father is our MAIN provider. ;0) )I want to try and lighten that load as much as I can. I am offically taking the compact challenge. I will post whatever I spend on a daily basis for one month. Anyone else joining in?