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February 2019 Budget Report

What a difference a month makes! If you remember my photo from last month, the tree in my front yard was bare. I absolutely love looking out of my window at this beauty each morning.

February was such an exciting month! There was a dance, a bonus, a raise and we paid the most that we have ever paid towards our debt. We are so pumped up to see our debt dropping.

Tithes $1659- We are thankful that we get to give.

Rent $1050- Our plan is to rent until we are debt free.

Duke Energy $57.37- We try to keep our thermostat at 66 during the day and 64 at night.

PNGas $88.80- Another month with a higher than normal bill.

Spectrum Internet $14.99- We have the lowest package but it works for us.

Total Wireless cell phone $26.31- This is for one cell phone. We have another cell phone provided by B’s employer.

Water & Sewer $76.75

B’s life insurance $44.23- We feel very strongly about having a good term life insurance policy.

Fee $1- Our credit union charges a monthly fee but uses the fee to fund scholarships in NC.

HP instant ink $10.66- I love not having to make a trip to the store to pick up ink.

Grocery $550.83- Food for our family of five.

Vehicle Gas $189.99- This is for one car.

Eating out $45.25- We went to lunch as a family.

Blow $106.86- This is B’s lunch and sometimes dinner money when he works late.

Clothes $80.37- I purchased shoes for me, a sweater for me and some Spring clothes for the kids.

Tax Prep $11.65- My sister introduced me to FreeTaxUSA a few years ago. I love the convenience of filing our taxes at home. It is free to file federal. If you use the code FREETAXUSA10 you will save 10% on your purchase.

Entertainment $205.22- Oh what fun! My husband and daughter went to a dance, I went to a dinner party and purchased tickets for two upcoming events.

Household $146.35- Apparently this was the month to restock. We purchased hand soap, hair cream, laundry detergent, eucalyptus oil, toothpaste, shea butter, elderberry syrup and elderberries.

Car maintenance $28.15- Oops. So we received a coupon from the Nissan dealership for a free oil change and tire rotation but …… we let it expire. It was very frustrating to throw away money! We can only hope that we will receive that wonderful coupon again some day.

Gifts $277.29- This includes gifts that were given plus some for the future.

Charitable giving $11.65

Debt $9714.99- This includes our regular payment of $675. We also paid off another loan!!!! Our payoff balance is now $72,101.01!!!! After years and years of paying off other debts, it feels amazing to finally see the balance dropping on my husband’s student loans.

Total $14,397.54- My husband earned $11,595.54 (after taxes and health insurance). This includes his bonus and pay raise. We received $50 as a gift. I earned $65. Our federal tax return of $2687. We are so shocked by this amount. We forgot to change our withholding and that resulted in a higher return. We much rather receive more money during the year instead of a high return. However we are very grateful to have the extra money to apply to our debt.

Getting into debt is so very easy but getting out is hard work. This verse has been such a great reminder in the moments when I am tempted to throw in the towel. Galatians 6:9 And let us not grow weary while doing good, for in due season we shall reap if we do not lose heart. Wherever you are in your journey, you can do this!! I would love to know if you paid down some debt.