Tuesday, March 24, 2015

An honest look at my money

My numbers are not great. My debt is high and my income is low...only not so much. My income is decent actually, and I should be in MUCH better shape than I actually am. The problem is that  I put 50 dollars to this debt, 75 to that debt, 40 to another debt, and so on like that until I have no money left (umm...edit here..I honestly thought this was true until I typed out my numbers below... I actually have unaccounted for dollars that could go toward debt. So embarrassingly bad with my money here).
 I never really make traction on a debt with paying all of the minimums, but there isn't much leftover after I do. 


Here are my real numbers. I am awful with numbers (big surprise,eh?). I can't make sense of them or keep them straight/organized. 

Income comes from my job and my husbands. 

Income 1 (mine): 2,552.00 paid monthly (teacher salary)
Income 2 (hubs): 1,180  paid the first of the month
                             1, 350 paid the middle of the month  (He also gets a monthly commission check                                     that I don't usually factor in because it can vary greatly.) 

So for the month we bring in (after taxes and insurance) $5,082.00 without commission included. 

Our expenses break down as follows:

Mortgage: 794
Electricity: 160
Gas Bill:   190 (this time of year)
Water:    86
Cell phones: 250
Car Insurance: 102
Daycare:  800
Car payment: 400
CC1: 75
CC2: 79
CC3: 80
CC4: 40
Groceries: 600
Gas: 400
Student loans: 200
Medical bills: 100
Entertainment: 300
Eating out: 250
Unaccounted for: 176

These are raw as they are numbers without having made any adjustments to them. Keeping it real here. 

I think if this were a dear abby column, I would sign off here as "desperate for help". Husband and I have a date to sit down tonight and figure out how to improve these numbers and divide them so that they are paid as we get paid. 



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