We are a little ahead in the budget this time around – I believe it is due to the fact that after 2/16 I have been confined to the house and have not wanted to do much.
Our 2010 February Budget and Actuals can be viewed here.
Here is our 2010 March Budget and our goals at the end for 2010 – remember, I reserve the right to make changes as they come up through the year – A good friend once told me – Put your Goals in Stone and your plans in Sand – Goals stay true but your plans to attain those goals must be flexible to change.
February 2010 Budget
Utilities – $300.00
Fuel for Vehicles – $200.00/Month (I’m not adjusting from when it was $3.00+ a gallon – overage is going to savings)
Car Ins – $195.00/month (We have a BIG TRUCK that costs more – I won’t give her up!)
MTG – $615/month – (really it is less but when they reduced the mortgage I did not reduce my payment).
Car Payment – $500.00 – Double payments to pay off early
Board – $540.00/month + $50.00 for Foxy = $590.00
Hay/Feed/Shavings/Meds – $350.00/month – I’m looking at this to see if it is truly this much – I guessed! This is for both Horses/Dogs – it is less just not sure – still runnin’ the calculator on my receipts from last year! I think I have this whittled down to $350.00.
Life Ins – $88.00 both James and I
Food/Toiletries/clothes/shoes – $20/week
Cell Phone – $137.00/month – locked in for another 12 months. (I’m looking at alternatives – this includes 2 phones and my wireless internet)
NetFlix – $18.00 – We love our movies and this saves us a ton of money! – I am going to cancel and re-sign up for a new promotion which is 1/2 this cost.
Association Fees – $10.00/month – this is for ApHC, AQHA, NBHA memberships
Balance – Savings – should be more than $400.00 but I reserve the right to make changes to this as we move forward.
Oil & Air Filter change for Truck
Tag for Truck – 60.00 – 2 year tag
Property Taxes – $152.00
Flexible Spending account has been funded with $3000.00 for Dental/Health/VISION/Prescriptions and over the counter Rx for 2010.
2010 Yearly Goals:
Fix Cornice on front of house – Scrape and Paint.
Clean Yard of debris – 1/2 way done but need to wait till spring or warmer less wet weather.
Scrape and paint exterior
Clean & Gut back bedroom
Fix ceiling in back bedroom and mud room (where it has leaked – after fixing the leak)
Clean and re-paint Basement
Upstairs Toilet – replace Low priority – works but is an antique and they don’t make inserts for them like it needs.
Short Term Goal – Lean-to for boys in turn-out.
Long range goal:
Save for New roof – current estimate is $4900.00 – we have $1000.00 saved so far
I’ll be posting a gauage on my blog to keep track of our progress along with the monthly updates.
2010 Horses / Dogs – annual shots, wormers, coggins, standard meds & supplies (does not include hay, feed, shavings, shoes/trims, equipment).
8 5/way shots @ 20.00 each = $160.00 March
8 West nile shots @ 20.00 each = $160.00 March
8 Strangles @ 20.00 each = $160.00 March
Coggins = $25.00 per horse (not sure how many we will
Pull coggins on-depends on who we show) April
2 bottles of Banamine – $100.00 March
2 Bottles of Bute – $60.00 March
100 Syringes w/needles March
48 Wormers ( I worm every other month)
4 – 6 way for dogs Done
4 – Rabies Done
4 – Wormer (already have the wormer)
Emergency Fund – Approximately $300.00 saved so far.
Have $2000.00 at least saved towards EF by December 2010
3 Month Pantry stockpile – staples
3 Month Freezer Stockpile – Veggies and Meat – Almost finished
***We will be fully stocked by the end of March***
Ultimate Goal for Emergency Fund:
6 Months of Board, feed, hay/Med 4500.00
6 Months of Utilities – 1800.00
6 Months of Mortgage – 4500.00
6 Months of Car payment – 3000.00
6 Months Insurance – Life/Auto/Home 3000.00 (guesstimate)
6 Months Stockpile Pantry and Freezer
6 Months Fuel for both Vehicles 1500.00
6 Months Kerosene – 500.00
6 Months Cell Phone – 600.00
Tuneup for Both Vehicles – Checking on prices
4 Tires for back of truck – checking on prices but looks about $650.00
Transmission and Fuel System flush for Truck – checking prices
4 Tires for Car – checking prices (not needed till next year)
Tag, Title, Tax – Truck is $60.00 due in February, car is due in April – $150.00
Bearings packed, brakes checked – 150.00 (will need before we start hauling in April)
Saving $37.50/month till needed.
Bear and I do not have cable/satellite and we really do not miss it – we do go to the Bookstore to hang out – never really purchase anything unless I have a GC or coupon making something very cheap.
Remember – this is the Second year we have ever done a Budget and set Goals for ourselves. I like it – I’m using as a reference – Jamie at I am a Money Magnet (she really is) for inspiration. It wasn’t as hard as I procrastinated the process to be – believe me I can procrastinate – and I rather liked putting this to paper and actually “seeing” where things were going!
What I’m going to do NOW is start whittling away at these figures to see how far I can get them down!