Hey friends! I’m sharing our August 2018 budget.
This month I’m sharing our exact take home income expectations along with how we plan to use our money this month. As I mention in the video, it’s the most adult budget ever! I love using my happy planner for budgeting and that’s the main use for it this year since so many of my goals for the year are financial goals.
Why I’m Budgeting Online
I’ve been reluctant to share our numbers and our spending online despite the desire to share budgeting info. However, I’m over it. Sure it might be weird for our friends and family to know how much money we have every month. But my desire to live a financially responsible and frugal lifestyle and share the info overrides that.
In my life I’ve watched money problems hurt and completely destroy people I love. I’ve watched loved ones deal with huge student loans, lose houses to foreclosures, and even end their lives over debt problems. When it’s not handled well money can ruin self-esteem, it can destroy marriages, and it can even lead to worse outcomes.
There is so much secrecy and shame around money in our society that sharing basics like this are taboo. We aren’t supposed to share our income numbers, we aren’t supposed to talk about how we spend our money or how much we pay for our houses. In fact, when I first started learning and writing about personal finance online I did it anonymously because I was so embarrassed by my lack of knowledge and poor money management skills. I’m trying to fight back on this a little bit and hope by sharing our struggles and success with money we can motivate others to do the same. I’m not perfect by any means but I’ve learned a ton over the years by paying off credit card debt, car loans and student loans.
With that in mind… here’s our August budget!
August 2018 Budget
This month we are anticipating $4,900 in income. This does not count my online income which I keep in a separate bank account and use for specific savings. I’m thinking about doing a series on online income and how I’m rebuilding that after ignoring it for a few years. If that would interest anyone, please let me know!
- Mortgage – $1,200
- Daycare – $480
- Utilities – $275
- ATT (Cells) – $150
- Comcast (TV + Cable) – $124
- Auto Insurance – $150
- Gym – $84
- Groceries – $450
- Eating Out – $150
- Gas – $125
- Personal Spending – $200
- Giving – $50
- Fun/Entertainment – $50
- Shopping/Misc – $200
- Medical – $100
- Pest Control – $200
- Professional Photos – $150
- Hot Water Heater – $450
- Car Fund – $200
- Travel – $50
- Roth IRA – $50
So that’s the plan with our money for the month! It feels totally weird to be blogging about our income and spending on my actual blog with no anonymity. I fully expect people to judge how we spend money, but I hope even more people choose to be inspired and plan to be more careful with their money.
Money is important but it’s just a tool to live the life you want. Watching is and being careful with where it goes is an important adult skill. It doesn’t come naturally to me at all but I’m working hard to be better at it!
What I Use To Budget
Below are some of the items I use to budget with! I get a lot of questions about what I use with my planners and the apps I use to keep my budget on track every month so I want to share the budgeting tools I use to make budgeting both functional and fun.
Happy Planner – I use my Happy Planner for everything including budgeting! I find writing down my budget and checking in on paper helps me to better remember and makes it feel more real.
Budget Stickers – I use a variety of budget stickers in my videos from Me And My Big Ideas, Erin Condren and various Etsy shops. I’ve linked my favorite budget sticker Etsy shops I use all the time below (affiliate links):
- Elaine Michelle Studio (youtuber & budget stickers)
- Planner Kate (matte budget stickers)
- A Happy Blue Tree (kawaii budget stickers)
- HoneyInked Planner Paperie (clear budget stickers)
- Planner Envy (bright budget stickers)
Every Dollar – My husband and I both use a shared Every Dollar app account where we actively track our spending. This works best for us since my husband doesn’t use a planner and we have joint bank accounts and expenses.
Mint.com – I’ve used Mint for over years as a passive net worth tracker. It’s a more passive option and I don’t actively update it except for once or twice a year when I want to gauge my net worth progress.
Hopefully these tools will help you with your budget whether you love pen and paper or technology!