Trying to cut things from our budget as much as possible as we prepare for three months of income at 60%. I’ll list our income and expenses below, any suggestions, let me know.
One thing I tried to do was get PMI removed from our mortgage on the rental. Unfortunately I need to pay down my balance another $2600 before I qualify for removal, unless I pay for a new appraisal. Appraisal is $600 and must be through the lender. That’s not happening! So close, yet so far! That would have saved $57/mo. Not much, but something, just not enough to justify $600 up front.
Contacted AT&T to see about a better cellphone plan. No luck. Ting/Republic still unavailable in our area. 😦 Internet company was non-negotiable. Why do all the good deals only go towards new customers and not the loyal, long-standing ones? Annoying! This is the only internet company without a data cap in our area. Since we do not have cable/satellite, we stream, and a data cap would cost a lot in (highly likely) overages
*DH’s income is averaged. This is after taxes and benefits, but before mandatory savings and escrow, which are accounted for in the spreadsheet.
The credit card payments shown are all the minimums due for December. I usually pay anywhere from $50 to $200 when possible. Based on this budget I have a little money leftover, but that isn’t the case when I pay above minimums. One thing I haven’t accounted for is medical. The copays and prescriptions are hard to budget for. I never know what is happening each month!
Food is the primary budget killer for us. I’ve been cooking at home more, trying to avoid eating out, even if it means cereal or sandwiches for dinner. I’m looking to find more crockpot meals, as those provide usually 2-3 meals for us. Freezer cooking is another method I’d like to try out. The $500 includes groceries and eating out. I can easily trim eating out, hopefully save $100ish.
Kids activities covers piano lessons, field trips, and class contributions. Only $5.00 for the month of December, as piano teacher took the month off. Hulu/Netflix are only $15, but I could cancel one if need be. The kids prefer Netflix, I prefer Hulu, but I’ll survive.
I called the hospital financial department to discuss my son’s outrageous MRI bill. Instead of offering assistance or a payment plan, the guy told me to apply for medicaid and get back to them. Been there, done that. Only my youngest qualifies (under 6), my oldest does not, but they want me to appeal and show proof. Annoying! Then in the mail yesterday I received a bill from the physician who reviewed the MRI, that was an additional $489!! On top of the $5,501!