We have our normal monthly budget, but I also like to be able to project out major expenses for the upcoming year (and thereby I can figure out how much debt we can pay off during the year).
Here are the major anticipated expenses, with the amounts we have currently budgeted:
Car Insurance, $1600 (half in Mar/Apr, half in Oct)
Income Taxes, $800 net (April)
Sister's Wedding, $1000 (May)
Home Maintenance (repairs, lawn care, small projects), $3000 (May - Sept)
Kitchen Remodel, $7000 (late summer/ early fall)
Vacation/Travel, $3000 (now - Dec)
Misc Spending, $2000 (now - Dec)
4 hours ago
That is amazing that you are able to save up that much $ without having to put anything on a credit card!!! (I can't wait to put to that point!)
ReplyDeleteWe are estimating that, in addition to being able to cash-flow these items, we will pay down our credit cards to approximately $4000 (currently around $20k), as well as continue paying down balances on our vehicles, student loans, and mortgages. I'd love if we didn't have ANY credit card debt, but we aren't willing to put our lives on hold until that happens - instead we just try to balance everything.
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