Ran our budget #s...in the RED every month!

iVillage Member
Registered: 02-27-2010
Ran our budget #s...in the RED every month!
26
Fri, 10-22-2010 - 8:18am

Hi everyone,

Let me give you a quick background on my situation, since I am just trying to get as much info as possible right now.

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iVillage Member
Registered: 10-05-2009
Fri, 10-22-2010 - 11:15am

if you wanna post your numbers, the gals here are really great at pulling budgets apart. I think your $1000 for daycare seems high. maybe I'm wrong, that's $250 a week, just seems high to me. Maybe that's one area you need to think outside the box a little. Not in a way that puts your child in danger, but just something to consider daycare centers vs stay home providers vs someone that comes into your home. Of course you are gonna check your provider out really well either way, but a grandma type who comes into your home may charge less than someone else. I know I would, but that's because I love babies and it's not about the money. That's the kind of person you are looking for.

Seems like you might be missing something else in your budget. You are currently living on 1 income and doing ok, and so is he. You'll be combining incomes and homes, so 2 incomes and 1 home. You might be overestimating your numbers. But I can tell you the things that go first are cable tv, internet, and extras on your cell phone bill. If it's not necessary for living, it can be cut. Food and gas can be trimmed but not cut. Living frugally takes some creativity, but in time, it becomes second nature, I swear it does.

Avatar for shellydi
iVillage Member
Registered: 04-10-2003
Fri, 10-22-2010 - 1:55pm

I agree with the PP on child care, $1000 a month seems high.

iVillage Member
Registered: 05-10-2004
Fri, 10-22-2010 - 5:17pm

The daycare cost seems high to me too.

iVillage Member
Registered: 02-27-2010
Sat, 10-23-2010 - 6:30am

Hi Guys,

Thanks for your replies. I researched the cost of daycare in my area and picked the highest one for the cost of infant daycare just to be safe. As for my student loans, that is actually a low estimate. I haven't consolidated them yet because I am graduating in May; I will do that when I graduate. I actually had plans to continue on in next fall to get my PhD; that may have to wait, unfortunately.

I am also thinking I could keep my two-door car; people can get babies in and out, right? That $350 would be useful in another couple of years. My boyfriend has a SUV that we could use if we go on any long trips.

Our cell phones are already on the lowest plan; I don't do much already on it. I don't surf the web or tlak very much at all. I do have unlimited texting because that's how I communicate.

I have to keep the Internet because most of my graduate courses are online. We actually have to sign a form before we register stating we have access to the Internet at our homes, because the professors don't want to deal with the "excuses" of those who don't!

We don't go to concerts or movies; our main expenses are his children, and the occasional night out. He has his dad in town right now and I know he's spending a lot of money on him, but he isn't telling his dad about the baby yet....awkward!

Thanks for the ideas about coupons!

Any help would be appreciated. Thank you :)

Net Per Month: $2600 (me) +2000 (boyfriend)

iVillage Member
Registered: 04-06-2003
Sat, 10-23-2010 - 8:43am

I hear you and feel your pain!!!

iVillage Member
Registered: 04-06-2003
Sat, 10-23-2010 - 9:04am

Sorry, I didn't scroll down enough to see your budget.

Avatar for scoopsmommy
iVillage Member
Registered: 03-28-2003
Sat, 10-23-2010 - 1:51pm

My first advice would be to go to the library and check out Dave Ramsey's "Total Money Makeover".

Avatar for scoopsmommy
iVillage Member
Registered: 03-28-2003
Sat, 10-23-2010 - 1:57pm
Gosh, I'm sorry. I didn't see your next post with your budget. Not used to this new format with all these ads!
iVillage Member
Registered: 02-27-2010
Sat, 10-23-2010 - 2:15pm
Quickly before I have to go:

He has 10K from the equity in his old house.

Good question about if we get married if I will have to pay child support out of my income, too. He intimated I would not have to, but I will double-check.

I get $1000 raise if I get a Masters. Texas is kind of a joke when it comes to paying teachers. We didn't even get raises this year!

Avatar for scoopsmommy
iVillage Member
Registered: 03-28-2003
Sat, 10-23-2010 - 2:19pm

Upon reading your bill/income, it is apparent you and your boyfriend cannot afford a 1500.00 mortgage or the 350.00 car payment on your car.

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