FINACIAL PAGE

Below is my outline for my budget projections.
Weekly Plan:
1) Save $10/week
2) Outline weekly grocery bill & stick to it
3) Eat out less. Only eat-out on Thursday & Friday, and don’t spend over $10/meal

Monthly Plan:
1) Continue to pay bills on the 1 st of the month: Rent, Cell, Storage locker, internet
2) Live within means!
3) Have the $40/week saved from the #1 Weekly Plan

This year plan:
1) Claim bankruptcy & finalize divorce
2) Move into new apartment that meets needs & finances. Maximum rent rate allow is $560/mos
3) Purchase new-used car.
a. Purchase cap-price: $2500
4) Adjust child-support
a. Re-contact attorney

Five-year plan:
1) Have Masters degree in Social Work & be working in field
a. have a significant amount paid down on possible student loans
2) Have all child-support issues worked out
3) Have a new(er) car
4) Be living in better apartment and/or trailer home
5) Save $1,000/year in alternate account by saving $20.00/week. If possible be a IRA type account.
6) Obtain a life insurance policy to ensure my kids have some sort of safety-net.

Conclusion:
This is just a basic outline of some of my goals over the next couple of years. It’s pretty straight forward as I don’t have any assets and have been pretty much broke my entire life. I am in a rebuilding my life period, and so I am taking it one day at a time in this recovery.

DETAILED BUDGET

INCOME:

EMPLOYMENT: $1281.00
EDUCATION LOANS: $0.0
SCHOARSHIPS: $0.0
SAVINGS: $0.0
OTHER INCOME: $989.00
TOTAL: $2270.00

EXPENSES:
HOUSING: $460.00
TRANSPORTATION: $25.00
COMMUNICATION: $150.00
DEBT PAYMENTS: $0.0
GROCERIES: $250.00
RESTAURANT FOOD: $100.00
ENTERTAINMENT: $50.00
UTILITIES: $0.0
CLOTHES: $30.00
BOOKS & SUPPLIES: $25.00
INSURANCE: $0.0
CHILD CARE: $0.0
MEDICINE: $0.0
PERSONAL CARE: $40.00
SAVINGS: $50.00
CHARITY: $0.0
CHILD SUPPORT $950.00
TOTAL: 1130.00

GRAND TOTAL: 2080.00
NET CASHFLOW: 190.00

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s