Family budget 2007 -2008
Family budget. As promised I want to publish a break down of our family budget for August 2007- August 2008 and later on I will compare it with the one in August 2008 – August 2009.
First of all I want to give a brief explanation of breakdown:
Accommodation – we have got no mortgage so we are renting a two-bedroom apartment.
Bills – all bills related to maintaining apartments – electricity, heating, land line phone, internet, etc..
Kindergarten - we both work, so with child has to go to a kindergarten. Its actually enjoys it quite a lot, to socialize with friends and be among kinds same age.
Car insurance – speak to itself.
Miscell - gifts to relatives and friends, haircuts, cleaners and wax for our car, etc..
Drugs - primarily mouth healthcare products, occasional prescriptions.
Medical insurance - speak to itself. It is provided be the employer, so we have only pay 200 a months, for a family coverage, dental is not included.
Food – We separated our food from the child, as its primarily consumes organic only. We thought it would be a good start to build a strong foundation.
Child – everything related to it – food, clothes, toys..
Gasolin – idea was to look how much to we spend on gasoline and how it weight in overall budget. I know that gas price affects other items as well, but we just thought it would be nice to count it separately.
Clothes, things - speak to itself.
Entertainment, Books – occasional days away and vacations, it is also include all other expenditures – cinema, restaurants, parks, etc..
Home - everything we need to buy to maintain our living in it.
Mobile, phone cards - speak to itself.
Alcohol – it is good to count, what we are spending on it. Apart from special occasions we tend to limit ourselves to $20 per bottle of wine max. We quite a like in our leaning towards wine, rather than spirits and beer.
We do not keep any special finance programme, just an Excel spread sheet. It takes a bit of discipline to fill it after each purchase or at the end of the month, working with statement, but it worth it.
We spent nearly 62 K a year after taxes. It will be easier to see it as a chart: