May 2014 budget (with April recap) Olsen Monthly Budget


As always, this is why we post our budget.

April / May 2014 April Budget April Actual Difference May Budget
Income Total 7430 5971 -1459 4610
Church giving 280 280 0 280
Giving 50 0 -50 50
Gifts 50 0 -50 50
Rent 0 0 0 0
Gas bill 150 128 -21 100
Electric bill 115 88 -27 100
Water bill 0 40 0 40
Google fiber 70 66 -4 66
Direct TV 78 81 3 82
Cell phone 145 154 9 150
Grocery 450 332 -118 350
Restaurant 100 115 15 200
Cash withdrawal 300 200 -100 400
Car tag / title / tax 0 0 0 0
Car gas / oil 250 260 10 300
Car (Geico) 50 50 -50 50
Car repair 100 100 -100 100
life insurance 55 55 0 55
Student loans 254 254 0 254.58
Taxes 1000 0 -1000 400
Household 40 0 -40 40
Health 40 42 2 40
Medical 100 15 -85 500
Baby 500 166 -334 200
Maternity/newborn pics 333 0 -333 600
Clothes 50 50 -50 50
Entertainment 100 60 -40 100
Braces 256 256 0 0
Education 40 40 -40 40
Conference ticket 0 0 0 0
Wifi Hotspot 210 170 -40 170
Business 1000 66 -934 0
other 3 100 100 -100 100
Creative financial 18 18 0 18
other 1 100 18 -82 100
chicago business 100 301 201 0
TOTAL 6484 3505 -3359 4985
Income – Spending 946 2466 -376

 

April recap:

  • Income was lower that expected. We thought we would be reimbursed for baby Olsen¬†birth expenses in April. We did get reimbursed, but it wasn’t until early May. So, May income will balance things out.
  • Taxes: We really need to pay our 1st quarter taxes for the 1099 work that we do. Just can’t seem to find the will power to log in and give my hard earned money over to the government. Gee, wonder why?
  • Carrie and I are in Chicago right now for a conference for Carrie’s work. Her expenses will be reimbursed, mine (obviously) will not. (I’m just here for the fun, oh, and to take care of our one month old girl so that Carrie can actually attend the conference.) I think all of the conference expenses will come out of and then go back into our personal bank account during May.

 

May budget:

  • Our entire world has changed.¬†The birth of our first ‘lil one (baby girl, Amelie) has changed our lives forever. If you don’t have kids, you have been told all about how much your life changes when you do have kids. If you do have kids, you know what I am talking about. Carrie is on maternity leave from her job. Her income was 100% for the first few weeks, then it goes down a (non-disclosed %) for a few weeks, then it goes down to almost zero after that.
  • With the new baby, things have already changed drastically. We have had several very long conversations about what our new lives will look like with our new baby girl. And of course, what does it all mean for us financially speaking. For the time being, I will be a stay at home dad while Carrie goes back to work. My work life is flexible and some of my work is done at night anyway.
  • We are unsure about our future lives. We are moving forward with both excitement and a little hesitation. Stay tuned, I am sure some big (and scary) changes are coming!

Welcome to the world, lil baby!

baby olsen

-Derek, Carrie, Amelie


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