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| Tue, 04-28-2009 - 5:14pm |
I wanted you all to give me some ideas and to see if I am on the right track. Dh`s bring home after taxes income is 5,000. At the moment my bring home income is $725. We are waiting on some money to come in and are about 17,000 (as of today) in debt. My car had to get fixed so had to put it on credit. Here is our bills Mortgage $1800 Electricity $200 (this includes heat) Water $100 Alarm $35.00 (cheapest plan and I will not live without this) Maintance fee $50.00. Property tax $60.00 House Insurance $50.00 Child support $200.00 (have another 10 years left...yipiiee!) Gas or Repairs $400.00 (if I had this in our budget last month we wont have went into savings..LOL Car and Truck Insurance $200.00 Food $400.00 Dog $20.00 Entertainment $300.00 (this is used for camping on weekends and going to the gun range) Anything I am missing...because I am a childcare provider my income can change every month so I try to just count for what I know I will be bringing home and put the rest into debt or savings. Any help is welcome! Debt payment on the visa is $300.00 per month Debt payment on the line of credit is $500.00 per month






If you are a child care provider then I hope you have an extra set of books that you keep for that.
I would say until your debt is in a better place you should cut your entertainment in half at least. You can do a LOT per month for $150. Otherwise, try to find more free things in your area. Summer is coming - sit outside and be together - that's free !! That will put $150 back into your monthly budget for bills.
Your have "gas or repairs" as $400. That's a lot for gas. What kind of repairs are you doing? On your car? How old are your cars? If they are older then your $200 insurance (car insurance I assume) seems high. Can you call and change your deductable and make that bill lower?
I wanted you all to give me some ideas and to see if I am on the right track. Dh`s bring home after taxes income is 5,000. At the moment my bring home income is $725. We are waiting on some money to come in and are about 17,000 (as of today) in debt. My car had to get fixed so had to put it on credit. Here is our bills Mortgage $1800 Electricity $200 (this includes heat) Water $100 Alarm $35.00 (cheapest plan and I will not live without this) Maintance fee $50.00. Property tax $60.00 House Insurance $50.00 Child support $200.00 (have another 10 years left...yipiiee!) Gas or Repairs $400.00 (if I had this in our budget last month we wont have went into savings..LOL Car and Truck Insurance $200.00 Food $400.00 Dog $20.00 Entertainment $300.00 (this is used for camping on weekends and going to the gun range) Anything I am missing...because I am a childcare provider my income can change every month so I try to just count for what I know I will be bringing home and put the rest into debt or savings. Any help is welcome! Debt payment on the visa is $300.00 per month Debt payment on the line of credit is $500.00 per month
Some things I'm not seeing, that I am responsible for as a home daycare provider: recordkeeping/accountant fees, advertising, insurance (required additional for home and car),