July Monthly Budget and June Recap
Money, Marriage, and Monthly Budgets
2014 is half over, WTF!?
Here is our June recap and July budget. As always, this is why we post our monthly budget.
|Item||Budgeted (June)||Actual (June)||Difference||July|
|Car tag / title / tax||0||0||0||0|
|Car gas / oil||300||261||39||300|
|City of Independance||18||15||3||0|
|Income – Spending||-2,353||-2,227||126||-2335|
June ups and downs, mostly downs… Sort of…
The two major expenses where car insurance and medical.
Car Insurance: We have Geico (which we love) and we pay twice a year, so June is a big month for that. No big deal really, it’s just one of those things that comes around twice a year. Just gotta be ready for it, that’s all.
Medical: We paid the final three bills from the birth of our first baby girl. Worth every penny plus a million dollars more!! We actually still have some insurance money coming back to us soon. Not sure how much it’s going to be yet but that will help.
June income was down because Carrie was still on maternity leave.
We cashed in some of one of my retirement accounts. Yup, things got rough and we did what we had to do. With the birth, me losing some audio production work, and Carrie being on maternity leave, it was like a perfect storm. So, instead of stressing and possibly running out of cash, we decided to grab some money from our future-selves.
We took out about $14,000, paid $4000 in taxes and penalties and put $10,000 cash into our bank account. Crazy thing is, we are still UP about $4,000 for the year on the old net worth.
Actually, the story is a little more complex…
We are going to use some of that money to produce a few products for our business. It’s more like an investment than just cashing in and spending it. We are working on a project that includes a book, workbook, and audio book!
I shouldn’t say too much right now. We should probably see something by the end of the year. (HINT: Working title = “One Bed, One Bank Account.”)
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In the long run, this will be a small blip on the financial radar. It feels wrong to have cashed in so much money, but that’s the way it goes. It was our money anyway, so that makes it feel a little better.
See, we don’t do everything perfect. 😉
July will be another down month for income. Our income will bounce back in August.
We just gotta hang on one more month and things will be back looking better.
How about you?
-Derek, Carrie, Amelie.
Amelie gives this months budget a 6 out of 10.
-Derek, Carrie, Amelie
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