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November Expenses

December 2nd, 2007 at 04:12 pm

We've been a one-income for four years now, so you'd think we could adjust by now. Nope. We still live like we're living on two incomes.

DH is paid bi-weekly. His paycheck nets (after taxes, insurance, HEL pymt, and $300 savings) about $1,200. He does get paid for OT but only works OT occasionally.

DH's net paychecks for November totaled $2,389.81. Our expenses totaled $5,883.74. Can you see the problem?

November Expenses

Charity - 53
Christmas - 272
Clothes - 476
Debt - 108
Entertainment - 140
Food - 1,366
Gifts - 89
House - 892
Insurance - 103
Kids - 595
Medical - 783
Transportation - 225
Utilities - 782
Total - 5,884


Posted in November | 3 Comments »

3 Responses to “November Expenses”

  1. terri77 Says:
    December 3rd, 2007 at 12:27 am 1196641656
    1196641656

    Yes, I see the problem, or problems. Such as 1366 for food, 595 for kids (as in?), 782 utilities, 476 clothes, 783 medical. All of these costs are very large and should be lowered. You can either spend less or make more. Are you leaning towards one?

  2. Joan.of.the.Arch Says:
    December 3rd, 2007 at 02:59 pm 1196693987
    1196693987

    I know you explained these most of these high expenses in a more recent blog entry, but I think theses are probably the expenses that are most likely cuttable. Eating out together is not really family therapy, for example. But the $782 in utilities--why so high? Is that paying for 2 or 3 months worth of utilities? Also $140 for entertainment--is that cuttable? Seems high to me in a month when your expense have been something like twice your income. I think you are on the edge of a serious money emergency. I sure hope you and your family can find the motivation to help yourselves. Smile

  3. terri77 Says:
    December 3rd, 2007 at 07:37 pm 1196710637
    1196710637

    Reading back my comments seem a little harsh. That is not my intention.

    I would recommend you reading some of Dave Ramsey's books. The Total Money Makeover and Financial Peace University are very good. He also has a syndicated talk radio show. You can find a local station by searching his website.

    Good luck!

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