March Budget 2014 (With Feb recap) Olsen Monthly Budget


Marching right along…

(Explanation for why we post our financials.)

March 2014 monthly budget with Feb recap:

Feb / March 2014 Feb Budget Feb Actual Difference March Budget
Income Total 5520 5,604 84 5,540
Church giving 280 280 0 280
Giving 100 105 -5 0
Gifts 100 523 -423 100
Rent 0 0 0 0
Gas bill 180 173 7 190
Electric bill 100 0 100 115
Water bill 70 0 70 40
Google fiber 70 70 0 70
Direct TV 100 78 22 78
Cell phone 135 144 -9 145
Grocery 400 350 50 450
Restaurant 100 101 -1 150
Cash withdrawal 200 200 0 300
Car tag / title / tax 0 0 0 0
Car gas / oil 400 279 121 260
Car (Geico) 0 10 -10 50
Car repair 200 51 149 100
life insurance 55 55 0 55
Student loans 300 255 45 255
Taxes 0 0 0 300
Household 50 0 50 40
Health 0 37 -37 40
Medical 100 0 100 0
Baby 1700 1,706 -6 500
Maternity/newborn pics 0 0 0 333
Clothes 75 11 64 50
Entertainment 100 85 15 100
Braces 256 256 0 256
Education 10 39 -29 40
Conference ticket 0 205 -205 0
Wifi Hotspot 150 0 150 210
Business 600 1,850 -1,250 800
Post office 100 0 100 0
Creative Financial 18 18 0 18
Groupon 200 0 200 0
Unexpected 200 0 200 200
TOTAL 6349 6,882 -533 5,424
Income – Spending -829 -1,278 -449  115


Feb recap:

  • We had a couple of unexpected gifting opportunities come up in Feb.
  • Baby Olsen is due April 2nd! We have paid our midwife in full ($3400). We should be getting about half of that back during March/April after insurance and HSA process all the paperworks. We are planning for maternity / birth / newborn photos of around $333 each. ($333 in March, April, May. $1,000 total. Yes, we are already very proud parents!)
  • March will be final payment for braces! Carrie should get her braces off in March or April.
  • We are still putting some money into the business (Better Conversations with Derek and Carrie) and hope to be turning a profit soon. (The price you pay investment necessary for taking charge and pursuing your dreams.)

Marching on:

  • Our March income will most likely be $1,000-$1,500 higher than the $5240 shown. This depends on when the midwife/baby delivery payments are processed through insurance and HSA. We don’t want to count on that money coming in, so that is why we did not include it. Not that it won’t come in, but we just want to be pleasantly surprised when the money does come in. Also, it might be April before we actually see the money.
  • We put $500 in the baby category for any last minute purchases. We have been very lucky to have so many family, friends, and co-workers give us just about everything we need for our baby. Thank you!
  • Yup, rent is still zero. Find out why.

Net worth: 1st quarter 2014 

  • View 2014 1st quarter net worth here.
  • Our net worth is going up faster now that we increased the amount we are paying on student loans AND increased the amount we are putting into Carrie’s 401(k)
  • Payments on braces will end in March, but I don’t think we will realistically be able to save that money. Most of our HSA will then shift to baby related costs.
  • We shall see how the new addition to the family affects our overall financial situation. Stay tuned!

-Derek, Carrie, Amelie


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