I ran the numbers and although my income is somewhat variable due to being self-employed, it was easier to work out than I thought it would be. I figured low and if I make more than what is budgeted, I will give myself a quarterly bonus that will be split between debt repayment and my IRA.
Household (includes entertainment and insurances etc.): $2583 per month
Savings: $325 per month
$26.50 per week to EF (equivalent to 52 week challenge)
$15 per week to short term/sinking fund
$145 per month to IRA (Low I know, but it is what it is)
Debt repayment: $520 per month
Car: $400 per month (payment is $361.15, but I round up)
Student Loans: $120 per month (IBR)
Total: $3428 (after taxes)
2014 Budget
December 29th, 2013 at 02:44 pm
December 29th, 2013 at 06:53 pm 1388343235