July 2011 Budget

What follows is an optimal budget. Whatever is below the line is money we will contribute if we make enough monthly. What is before the line is money we must have to live our lives.

For July’s budget, we are working on my husband’s salary of $1,582.80 and the money I earned in June, $1012.51, giving us a total of $2595.31. Here is the plan:

July Base Budget 2011

Laundry 40 (we have to use a coin operated washer; we air dry our clothes)

Rent 1000

Groceries, Toiletries & Diapers & Eating Out 550

ComEd 70 (our second floor apartment gets HOT because we have a flat black roof above us, so we will definitely be running the air quite a bit)

AT & T 28

Comcast 82

Son’s school 548

Misc. 125

Gas/Transportation 200 (I had to raise this due to the rising gas prices & because we will be travelling out of state)

Student Loan 192

Life insurance 77

Husband’s spending money 30

My spending money 30

Tithes Private

TOTAL $2895.00

-$299.69  (My husband was only paid for 3 weeks of work instead of 4 because he didn’t start at the beginning of the month.  This will also be the case in July because he will be on a (working) vacation with me for a week while I attend the Savvy Blogging Summit.  Both months I expect we will dip into savings a bit to make up for the lost week’s pay.)

Additional Budget, If Money Is Available (NOT AVAILABLE THIS MONTH)

Emergency Fund

Car Repairs

Vet Bills

New Car Fund

House Down Payment Fund

Roth IRA Contribution

This month I brought in $703.47 through writing/advertising/virtual assistant work. I have been hoping to make $500 a month; I figured the beginning of the year I would make less than that but by the end of the year I would be making more monthly. So far, I brought in an average of $376.97 a month. Hopefully it will continue to go up.


  1. Thanks for sharing- We are a family of 4 with similar numbers. It really is a challenge making ends meet every month. Can you share your virtual assistant company?- I need an extra gig to make up for my monthly shortfall. Any info would be greatly appreciated. Thanks

  2. When I met my husband he was a Ph. D student that $18K a year does not go very far…I noticed your student loan payment. Have you considered IBR to reduce teh payments?

    • Melissa says:

      It really doesn’t. We can’t wait until he graduates! I did look into deferring the student loans, but for mine, they ask if I am persuing full-time employment, which I am not currently because I am taking care of my little ones at home.

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