Offical January 2010 Budget

As I stated in a previous post we established our January 2010 budget. Since our income is variable each month we have to base each month on our previous month's income. We chose to use November 2009 figures instead of December 2009 because December 2009 we will have a lot of unusual income coming in and we want to stay honest with our budget.

To start we figured out what "Money Surprises" might come our way in January and budgeted for them. If the money is not spent, great! If it is we are covered ;) In January these include:

- New Year's
- My Mom's Birthday
- Blake's sister's birthday
- Haircuts (Myself, Blake and Zack)

So here it is:

JANUARY BUDGET 2010

HOUSING
Mortgage Payment $588.45
Property Taxes $90.00
Hydro $127.00
Gas $60.00
Water $75.00
Home Insurance $40.36
TV $30.00
Phone & Internet $65.00
Homeline Payment $84.10
Homeline Interest $15.00
Repairs/Maintenance $100.00
Child Support $200.00

TRANSPORTATION
Van Payment $173.64
Van Insurance $92.00
Repairs/Maintenance $200.00

DEBT
Credit Line Payment $1273.66
Credit Line Interest $130.00

SAVINGS
RRSP - Blake $125.00
RRSP - Monica $30.00
RRSP - Spousal $25.00
RESP $75.00

OTHER
Groceries $450.00
Life Insurance $39.47
Sirius $16.94
Telus $36.96
Haircuts $40.00
Birthdays $30.00
New Year’s $30.00
Restaurants $75.00
Alcohol $75.00
Allowances $120.00
Christmas $125.00
Vacation $340.00
Medical $50.00
Clothes $50.00
Entertainment $25.00
Gifts $10.00
School $15.00

TOTAL $5132.58