Activity 3 is to make a Balanced budget....balanced.
I already have a budget set up (see the 2014 budget tab), but I wanted to go through this process to have the opportunity to really look at everything. So, I decided to download Gail's Build-a-Budget Excel download.
I made a few additions and a few deletions to account for categories we do, and don't have - and for variable expenses, I used the average numbers from 2013. The big caveat here is that i didn't adjust Jordan's income to 2013 numbers - I've used his new base salary which is much lower (he's now half on commission).
So! If we made no changes, we'd be in deep ca-ca over spending by almost $1,700/month!
But we're not going to do that, no siree!
Here's what we're actually going to do:
Yes, yes, I know that the total is still a negative, but that payment won't be made unless Jordan's commission is at least that amount.
This goes back to my promise a few days ago. When we get Jordan's Commission pay - the first thing we're going to do is add extra to the escape - that's what the new Escape Snowflakes tracker bar is all about. Plus, this doesn't include the recent change to our phone/tv/internet which will be going down.
Check out the My Money, My Choices program by clicking here.