Tim and I use a weekly budget. Ideally, we’d do the envelope system, and no funds from one pool would spill into others. But we’re nowhere near ideal when it comes to budgeting.
So each week, I transfer in $350. For two people, I consider that to be a rather painfully high amount. I mean, seriously — that’s $50 a day, right?
Then again, I have no idea what’s normal, nor do I know what you would consider covered under “weekly expense.”
I hasten to add that the $1,400 a month doesn’t cover our mortgage, most utilities or our car payment.
So $1,400 a month covers:
- $65-70 a month for water/sewer/garbage
- $150 a month for gas
- $210 for therapy sessions
- $42 a month for my supplemental Medicare plan
- $100 in IRA contributions
- $52 a month for the cats’ Wellness plans
- $100 total for the ambulance & ER doctor bills.
The leftover from that is about $676, or $169 per week.
Seems far more reasonable… except, what’s actually left?
- $45-50 a week for Tim’s cigarettes (we’re working on it)
- $30-35 a week for a sit-down meal as part of date night
That leaves around $84 a week for groceries, fast food and miscellaneous.
Too much of that goes to fast food. Technically — and this may be the weirdest rationalization ever — that does mean we buy fewer groceries. Realistically, though, that doesn’t balance the equation much.
So what do you guys think: Is that a lot for only two people?
I should add that most months we squeak by. Once in awhile, toward the end of some months, a bigger expense like a fill-up for the car, will go on the card.
That said, this past month we made it with a tiny bit of room to spare — and that’s after putting aside an extra $125 for the Christmas savings challenge.
Not bad, not great. Still not sure how it measures against anyone who considers him/herself frugal.
So… anyone willing to weigh in?