Happy Monday to all!! For the past 2 weeks, DIVA’s we have been focusing on learning to secure & save our cash. Today, DIVA Rules wanted to set up an actual budget. As we all know, it is easier said, than done- so below will outline a actual budget so you DIVAs’ can model or modify…..
With all of this talk about 401’s, credit scores, savings accounts and where to put what, a sample budget outline will (hopefully) be sure to ease your nerves a bit about being more wise and conscious about how we can see our money grow.
| Income: 35,000 (salary)/Monthly: 2,000 | Utilities (Month): | Wants: | Savings Goal: |
| | Cable: $60.00 | Entertainment: $100.00 | Week 1: $50.00 |
Rent: $500.00 | Gas: $50.00 | Clothes: $100.00 | Week 2: $15.00 |
| Insurance: $ 150.00 | Electric:$60.00 | | Week 3: $20.00 |
| Food: $200.00 | Water: $25.00 | | Week 4: $20.00 |
| Total: $850.00 | Total: $195.00 | Total: $200.00 | Total (month): $105.00 |
The grand total for the month is $1350.00. With this there is $650.00 left*. (If there is a credit card{s} bill you are trying to pay off, subtract the money use from your “Wants” List). You should always increase the amount of savings each time you have finished paying off one of your debt(s). **remember this is just a sample so you can put in your income and map out your expenses and start to contribute to your savings and your future**
Regardless of your income, we all can do this!!!
Please share your thoughts on this budget, and what we can add or take away to allow us to build our way to financial freedom!!!
Thanks for the weekly tips -- very timely as I've been working recently to keep better track of my spending. I recommend sites like Mint.com and also even your own banking sites to help maintain your budget. I find them useful as I can link all of online accounts and get a quick snapshot of my overall net worth. It's a bit of a pain to get set-up but once you do, it helps quite a bit!
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