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May 2015 Budget Plan

May 1, 2015


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May’s here already and we’re nearly halfway through 2015! #craziness

This means it’s time for my May 2015 budget plan!

CategoryMonthly Total
Charity$10.00
Saving$20.00
Gifts$20.00
Mortgage$847.13
House Repairs$15.00
City Bill$110.00
Gas Bill$30.34
Cable$71.49
Internet$51.87
Phone$103.16
Food$120.00
Medical$20.00
Fuel$70.00
Car Repairs$15.00
Auto Insurance$123.46
Clothes and Hair$40.00
Pets$40.00
Household$20.00
Personal$60.00
Cleaning$90.00
Debt$779.50
TOTAL$2,656.95
FT Income$2,198.04
Side Income Required$460.000
Difference$1.09

One of my favorite things about this time of year is that my utility bills go down since I can go at least a couple of months without using my heater or AC. This allows me to use that money for other things like debt, or my upcoming yard work!

I did increase the amount of money budgeted toward going out to eat/entertainment in an effort to find a number I can finally stick to each month. I plan to continue playing this number until I find one that’s realistic for me. I talked a bit more about this the other day in my Financially Real post.

Other than that, there aren’t many changes to my budget plan this month, which is good I guess. I’m just chugging right along.

Here’s what’s been going on with my posts around the web:

2 Reasons Why Owing Money to Family is Tough – Wealth Gospel

How to Pay Off Debt Without Giving Up Your Lifestyle – Wealth Gospel

How Being Financially Real is Helping Me Achieve My Goals – Budget Blonde

Why You Shouldn’t “Fake it ’till You Make It” – Red Debted Stepchild

Keeping Up With Those More Frugal – Red Debted Stepchild – This post got picked up by Rockstar Finance! Thanks J. $ 🙂 – Update: It was picked up from there by Life Hacker!

3 Simple Ways I Save Money – The Jenny Pincher

How Much Should You Spend on Beauty? – The Jenny Pincher

When Being Frugal is Cool – Wise Dollar

How to Build a Career-Ready Wardrobe for Only $200 – Wise Dollar

5 Fun Ways to Earn Extra Income This Summer – Add-Vodka

4 Ways to Deal with Drama in the Workplace – Add-Vodka

Family Game Night: A Fun Way to Teach Kids About Money – Smart Asset

3 Unique Ways to Think About Your Spending Habits – Smart Asset

How Minimalism Can Help You Manage Your Money – Smart Asset

4 Celebrity Money Mistakes to Learn From – Smart Asset

It’s Almost Swimsuit Season! Here are the Best Suits for Your Body! – Face and Fitness

Where Do You Find Fashion Inspiration? – Face and Fitness

My Fave Posts by Others:

How to Balance Freelance Writing with Your Own Blog – Budget Blonde

I Just Put the Equivalent of my Old Salary to Debt – Dear Debt

Side Stepping the Hustle – Done by Forty

The Worst Financial Advice I’ve Ever Received – The Frugal Farmer

Birthday Gifts – Debt Repayment or a Gift? – Budget Bloggess

Thanks for the Link Love Lately:

Budget Blonde

The Heavy Purse

If I’ve forgotten to list you and you’ve mentioned my blog lately, slap me up-side the head remind me in the comments below and I’ll gladly add you to my list!

What’s going on with you?

I love how this personal finance blogger is so open about sharing her budget with everyone!

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18 responses to “May 2015 Budget Plan

  1. Great post Kayla and love the transparency of your income/expenses.
    I’m trying to get out of debt too but each month I face a new challenge – this month its my bro’s 50th b’day and a couple of other family members. Frugal as I try to be…I just don’t have the income for gifts.
    Budget goes haywire in May-June-July for gifts….even worse than Christmas!

    1. Hi Luci! I never used to budget for gifts either as I just didn’t have enough money to do so, but now that I earn more from my side hustles I can finally start building a bit of a reserve for gifts for family and close friends.

    1. Thanks Laurie! That is my monthly insurance rate. I will look into it and see if I can get it reduced a bit.

  2. Congrats on getting your post picked up by Rockstar Finance and Lifehacker! I admire people who have the guts to post their budget details. Your food budget is impressively low!

  3. Congrats on the Rockstar Finance and Life Hacker nods! Way to go 🙂 Your car insurance is similar to mine! Cars are not cheap. I would love to know how you get by on $120 for Food. I struggle getting it down to $200 a month.

  4. Congrats on getting your post picked up by Rockstar Finance AND Lifehacker! I’m so glad my utility bills are lowering as well thanks to the weather change. My heating bill over the winter was no joke.

    1. Thanks Chonce! I love the lower energy bills too 🙂 That’s one of my favorite things about this time of year

    1. Thanks! The budget is always pretty tight, and will be until the debts are gone 🙁

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