9/24/2013

Draft 2014 Budget


Since Jordan receiving his raise, I've been spending some time working on the 2014 budget.  I thought I would put it out to all of you for some feedback before we finalise things.  I've also assigned budget percents and added them up in Gails Life Pie Categories.  We don't line up perfectly - but I'm happy we've got really good balance here.

On to the breakdown...

In December we will be look at our cell phones and trying to get a good plan in place for the both of us - I'm also crossing my fingers that Jordan's work will start paying for half the bill.

I'm currently shopping for Auto Insurance - but it looks like we're already getting pretty stellar rates.

Monthly spending includes gas, groceries, entertainment, pets, haircuts, clothes etc.  - it's everything and is currently $300/week which is down from $375 since getting the new car we expect to save a lot on gas.

As I have a pension, we contribute less to RRSP for me and more for Jordan.

The Baby Fund TSFA is counted as savings right now but the intent for this is income replacement when I'm eventually on maternity leave (no, not preggo, just planning ahead).

We've broken the LOC debt into two parts.  One is for the purchase of shares which is considered savings as it's a long term investment. The other is debt we expect to carry forward from the backyard project.  We anticipated being able to pay more of this off then we were.

Also planning on saving more for emergencies/vehicle repair (winter tires for the new car), Christmas/gifts and vacation - we always spend it, so want to plan on saving more (this is included in the life part of our pie).

Questions?  Thoughts? Suggestions?

These draft leaves us with about $2,000 left over.
Reactions:

2 comments:

  1. Maybe you could could have an "oh, crap, we didn't plan for that!" fund with the leftover. Cause that always happens.

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Followers

Links ♥