Budget?!?!

iVillage Member
Registered: 09-05-2011
Budget?!?!
8
Wed, 01-22-2014 - 11:53am

Hi Moms (&Dads)!

It's been quite awhile since I have last posted. Since then my family and I have made a major move across the country! To do this we took a major pay cut and I'm still a SAHM. We LOVE where we are at and plan to stay here. Our major obstacle is of course the money! I’m looking for some suggestions on how to come up with a realistic budget. We really took on some debt to make the move along with trying to adjust to living on less. Now we need to pay down the debt and come up with that budget. Anyone have any suggestions on clever ways to live on a budget or how / where to start.  After paying minimums on credit cards, paying the mortgage & all utilities we have about $200 left over. With that being said… with that $200 I would like to come up with a food budget and a “pay down cc” budget. Anyone have any suggestions or are we going to be stuck in the rut forever?  I don’t want money to be the reason we have to give up happiness!!

-H

Community Leader
Registered: 05-04-2011
Wed, 01-29-2014 - 7:30pm

Different companies have different policies.  You bring up an excellent point, though, that it's important to know your company's policies before you start!

Avatar for sabrtooth
iVillage Member
Registered: 12-03-1999
In reply to: sabrtooth
Wed, 01-29-2014 - 12:23am
<<>> I wouldn't advertise that, if I were you. My dh is a construction project manager. Metal scrap is NOT garbage laying around for the taking, nor is it a gift or a bonus. And it certainly does not belong to employees. It belongs to the company your husband works for, or to whoever owns what is being demo'd.
Community Leader
Registered: 05-04-2011
Sat, 01-25-2014 - 7:50pm

http://www.blissfulanddomestic.com/2012/06/how-does-she-live-on-budget.html

Community Leader
Registered: 05-04-2011
Sat, 01-25-2014 - 5:50pm

Hello, my friend!  It has indeed been ages since you've posted.  I'm glad to see you back, and I hope to see more of you.  Hello to all you new posters, too.  :)  Please stick around -- it's been pretty lonely here on the SAHM board.

200$, either a month or a fortnight, is a pretty tight budget, but I think it's possible.  How big is your family again?  I would check out some of the "cook for a day, eat for a month" blogs and see what they have -- a lot of those are pretty budget-friendly.  Definitely look into a LOT of made-from-scratch meals.  No more convenience foods!  Rice, beans, and pasta are cheap cheap, so I would look into recipes that involve things like that.  Dried beans, not canned.  For one, canned beans are expensive, and for two, they're absolutely loaded with salt.  Thrift stores, swaps, places like that are great places to buy necessities, but be careful not to buy things you don't need (that's my weakness with thrift stores).  Stick to what you absolutely have to have, and that's it.

One person I would look at is Gail Vaz-Oxlade.  She's a Canadian (and I love promoting fellow Canadians ;) ) who works with people to live within their means, and pay down their debt while they're doing it.  She has several books that you can pick up at the library.

What does your DH do for work?  My DH brings home a lot of scrap metal from his job and that supplements our income amazingly.

I really hope that you can find a way to keep within your budget.  Feel free to PM me if you need.  :)  Best of luck!

Avatar for sabrtooth
iVillage Member
Registered: 12-03-1999
Fri, 01-24-2014 - 8:10pm

Can't get blood out of a stone.  *I* would NEVER have moved anywhere if it involved a pay CUT.  And I worked my entire life, starting when I was 14, babysitting, and I am 61 now.  I also managed to raise 2 children while I worked.  I would suggest you getting a job.  You husband should get a better job.  You all should move where the economy is better.

iVillage Member
Registered: 01-22-2014
Wed, 01-22-2014 - 2:49pm
Well I have just read the other ladies comments and I have to say you can TOTALLY live on the $200 a month if that is all you have. Now maybe you meant you have $200 a paycheck assuming you get paid every 2 weeks that would give you $400 (more than we have). I have a family of 4 and we live off of $150 every 2 weeks. I would be happy to private message you with the my skillful art of budgeting if you would like. We live in Alaska so we do have a garden as one person suggested and that does help. We also do tons of canning for the winter months. I know that's not every ones cup of tea but we look at the important things in life and spending money on fashion and entertainment is just not what we would want to spend our money one. Being home with our family is more important to my family. Hope I have helped! Sarah
Community Leader
Registered: 07-26-1999
Wed, 01-22-2014 - 12:21pm
$200 for food and paying down debt, what about clothing, unexpected household expenses like a broken appliance or anything? Do you have an emergency fund or savings at all? I would have to agree with musiclover, even just for 2 adults, $200 a month on food barely stretches. If you are in a place where you can do a garden in the summer that will definitely help with food expenses.
Photobucket
iVillage Member
Registered: 11-28-1999
Wed, 01-22-2014 - 11:59am

Do mean that you only have $200/month for expenses?  What does that cover?  I think it would hardly be enough to buy food, never mind anything else.  To be quite frank here, I don't know how old your kids are or how many there are so maybe it would not be that realistic, but if finances were stretched that tight, I think the best suggestion would be for you to get a job. If you would have to pay for daycare and then wouldn't make anything, how about working when your DH can care for the kids, or do something like babysitting in your house so you don't have to leave your own kids?