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Budget

January 21st, 2018 at 07:05 am

After all the unanticipated income chaos with the tutoring and subbing fiascoes, I am finally leveling out. I created a budget going forward. I anticipate this budget to run through August. My goal is to have my certification requirements completed over the next few months so I can seek a full-time position next school year.

The numbers are net and figured on the low end, as my income fluctuates. Any additional money I will put in savings.

VA work : $300

I am using this money to pay the credit card and my dad ($150). The remainder goes to savings ($150).

Subbing (figuring on 15 days per month): $1050

I am using this money to pay the rent, health insurance, electricity, internet and water.

Editing: $500

I am using this to pay the cell phone, car insurance, life insurance, renter's insurance and critical care insurance (I can't find a disability policy on my own, so this is the next best thing).

Mystery shopping and microearning (Swagbucks, etc): $750

The first $400 goes to gas, groceries, bus passes and entertainment.

Remainder: IRA (avg. $350)

Any subbing over 15 days goes to savings. This covers any months that fall under 15 days and the summer months. My student loans are on deferment until September. I plan on keeping the editing and still doing some shopping when I get full-time employment. I will then start paying off the loans aggressively (and boosting my retirement savings).

5 Responses to “Budget”

  1. frugaltexan75 Says:

    Looks like you have a good plan.

  2. CB in the City Says:

    I like the term "microearning!"

  3. creditcardfree Says:

    I like your plan! May you always have 15 days of subbing or more. Smile

  4. rob62521 Says:

    Good plan! Hope you can get all those days subbing and maybe more!

  5. Wink Says:

    It must be a relief to have things settled and a better idea of your income. You have done a great job with your budget!

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