Well... i've crunched my numbers and we now have a budget! After we had several bills go up this year, (boo!!) (rent, hydro, gas, home security) and hubbys pay go down after switching positions/stores, i've ran our numbers and am now looking at our new budget. It's not very cushy, and our TFSA savings are going to have to come from different sources now. They won't be a "regular" weekly deposit anymore unfortunately, as it will be too tight if something needs to come out of our 'regular budget', but like everyone else, I can only do what I can do! And since you can't get blood from a stone, it is what it is!
Our weekly budget is going to be $280.00 per week, in total. This is for 6 people, 3 adults, 3 Kids. My oldest is going to be 20 and will (God willing) soon be working and able to chip in a bit, and 3 "kids" (16, 11, and 7!). I'm going to split up the weekly budget amount like this every week:
- Groceries: $200.00
- Misc: $50.00
- Fun/Gifts: $30.00
We will still be saving for Christmas year round which does come off the top, and are now fully funded at $1400+, but i'm going to continue let it build up a bit more as I tend to overspend on Christmas and like to give more to charity, etc...
Our TFSA savings i've decided will be funded with any blog income I earn, along with any customs income. I've been able to add $100.00 to our TFSA this week with extra earnings already, which is nice and makes me very happy! My goal is to add $100.00/month minimum to our TFSA, but if I can add more, I will. And if i'm able to earn/save above and beyond that, i'll add to my slush fund which we use all the time as well! It keeps our EF fully funded and our TFSA on the rise!
I haven't decided on a sewing budget as that comes from my customs earnings. It always has... I never use our regular budget for my hobby/business supplies. So I think once I hit my TFSA savings goal each month i'll go from there. If I have extra income from my sewing that doesn't need to go towards anything else, (my earnings serve to bulk up our TFSA & Slush fund savings along with any other wants/needs) I may use it for some pretty new fabric, but i'll put a cap on how much I can spend for the month. I think this will work and should help me decide which lines I really "need". ;)
I think this should about cover it! We have 4 days left in our 'week' as I restart our budget on Thursdays and I have $100.00 in my wallet. Dallas & Morgan are both getting haircuts on Tuesday but other than that, I don't see any other "extra" spending this week unless we run out of milk, etc...
Well with this i'm off! I have a lot of laundry ahead of me today, housework screaming to be done, and am hoping to get in a good chunk of sewing in as well. So much for "Labour" day... ;) lol!
Do you have a new budget for the fall & winter seasons?
Any new savings goals?