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Tawra's 2006 Family Budget |
Here is my monthly budget for 2006. It was based on a total after tax income of $2486.00 per month. The income is based on Mike’s most recent job. He quit his job and now works for our publishing company. We live in Wichita, Kansas and own our home, a 1600 sq. ft. 3 bedroom, 2 bath bi-level on 1/2 acre.
A couple of notes about the budget:
- Our credit card debt is at 0% interest. We had to buy a "new to us" used car and our son had medical problems when he was born. Those were put on the card to save interest that they hospital and doctors would have charged.
- All eating out is included in the Social/Entertainment category.
- Our grocery budget includes food only. Our food budget is for two adults and 3 children, 8,7 and 3. I buy almost everything at one store and stock up buying only sale items from other stores. I can get paper goods cheaper at Wal-Mart than the grocery store, so I buy them there.
- We currently do not have medical insurance. We are going to try and get it through our business soon which will be $400 a month.
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INCOME-after tax |
| Mike's check |
$2483.00 |
Tawra's disability |
$348.00 |
TOTAL INCOME |
$2831.00 |
Tithe (church donation)
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$300.00 |
| Food |
$250.00-300.00 |
| Mortgage (Includes taxes and insurance. Also includes an extra $30 every month toward principal.) |
$855.00 |
| Sewer, water, and trash |
$30.50 |
| Phone |
$50.00 |
| Electric and gas (on the high side) |
$200.00 |
| Gas for car |
$120.00 |
| Credit cards (car payment and medical) |
$100.00 |
| Internet (The book pays for it.) |
$00.00 |
| Uncovered Medical Expenses |
$75.00 |
| Wal-Mart (includes all paper goods, some clothes, soap etc.) |
$125.00 |
| Clothes (mostly from yard sales and thrift stores) |
$30.00 |
| Stamps |
$6.00 |
| Car insurance |
$50.00 |
| Car repairs and tags |
$75.00 |
| Haircuts (Tawra and Elly) |
$20.00 |
| Presents-birthdays, etc. |
$50.00 |
| Social and entertainment |
$30.00 |
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TOTAL EXPENSES |
$2416.50 |
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