We are a little ahead in the budget again this month and I believe it is due to being housebound after my surgery.
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.
March 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 – $192.00/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. (Good news – it is actually this but I’m keeping it at $350.00 – we only get feed every 6-8 weeks and hay every 3-4 weeks so this fluctuates but averages itself out at the end of the year. I’m trying to keep better receipts for this area to really find out our true monthly expense.
Life Ins – $88.00 This is for both James and I
Food/Toiletries/clothes/shoes – $20/week
Cell Phone – $137.00/month – locked in for another 10 months. (I’m looking at alternatives – this includes 2 phones and my wireless internet)
NetFlix – $9.00 – We love our movies and this saves us a ton of money! –
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
Tag for Truck – 60.00 – 2 year tag
Tag for Car – 36.75
Horses – Vaccinations – 300.00
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 April
8 West nile shots @ 20.00 each = $160.00 April
8 Strangles @ 20.00 each = $160.00 March – I’m going to cover with Vet this may not be needed.
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 May
2 Bottles of Bute – $60.00 May
100 Syringes w/needles May
41 Wormers ( I worm every other month) – We wormed in March so this reduces our needs down by 8
4 – 6 way for dogs Done
4 – Rabies Done
4 – Wormer (already have the wormer)
Emergency Fund – Approximately $1037.85 saved so far.
Horse and Dog account – 155.00 (We put $35.00 automatically direct deposit)
Our goal is to have $2000.00 at least saved towards EF by December 2010
3 Month Pantry stockpile – staples – our little elderly family kind of put a dent in our pantry stockpile so I will be working on this for April & May.
3 Month Freezer Stockpile – Veggies and Meat – Almost finished
***We will be fully stocked by the end of May***
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!