Here are the numbers from our June Budget.
Our total monthly income was â‚¬3720.03; â‚¬1861.00 from my husband’s salary, â‚¬1041.01 from my maternity leave and â‚¬818.02 from other income. The other income included â‚¬500 that my husband’s parents gave him for his birthday, reimbursements for some medical expenses and money that I earned from Etsy and Ebay.
We projected to spend â‚¬2879.93, but instead we spent â‚¬3575.52. We spent â‚¬695.59 more than we planned on spending, but we spent â‚¬144.51 less than we earned. However… we couldn’t put that ‘extra’ â‚¬144.51 into savings, because if you’ll remember, we started the month with a negative bank balance.
A couple of highlights from the budget: I had trimmed my grocery budget from its normal â‚¬400 to â‚¬330, to try to make up starting the month in the red. That didn’t work, as we spent â‚¬466.69, a difference of â‚¬136.69. We also spent â‚¬243.88 instead of â‚¬150.00 on gas, but a lot of that was due to my husband’s business trips, and we will be reimbursed for that.
We finished the month in the red, but it quickly was transformed into black, as my husband received a â‚¬1250 bonus on his June paycheck. â‚¬500 of that is going into our emergency fund, â‚¬250 will be used to top off the hole from the month of June, my husband got â‚¬300 to use as his birthday money (as his birthday money got used plugging the budget hole) and I got â‚¬200 to spend at Ikea on the living room cabinet I needed and have been lusting after.
Besides adding â‚¬500 to the emergency fund, my other big goal for July is to stick to my budget. We have no out of the ordinary expenses this month, no parties, no vacations, school is finished so I’m driving less… I should be able to do it!