Happy New Year, friends! Here we go. This is the first month I’m sharing my monthly budget and goals with the world. I’m nervous, so please be easy on me. 😉 As I shared in my post about saving $10,000 in a year, this is not your typical budget. It won’t include my husband’s income or any of our household expenses. My husband and I manage our money separately, and this only includes my income and expenses. At the start of each month, I will share my monthly budget, including expected income and how I plan to spend/save/invest it for our family. Due to the nature of my business, this amount will fluctuate from month to month.
I will also share my top goals for the month, which may or may not be financially based. For example, this month I plan to finish my business website, work on organizing, and of course, read. At the end of the month, I’ll share a new post with a recap of how I did!
Top Goals for January
- Brainstorm high-level editorial calendar for 2022
- Publish business website (joleenpete.com)
- Major clothing purge!
- Read 5+ books
|Social Media Management||$650|
Total expected income: $3,660.00
|Monthly bills (business subscriptions, tax withholdings, assistant)||$887.94|
|Annual Business Registration||$150.00|
|Food (pocket money)||$30|
|Fun (pocket money)||$10|
|Backpacking trip (still purchasing my gear/supplies)||$450|
|Business sinking fund||$25|
Total in bills and variable expenses: $1,632.94
|Family Debt Contribution||$500||n/a|
Total in debt repayment: $1,150.00
Savings & Sinking Funds
|Christmas Sinking Fund||$50|
|40th Birthday Trip Sinking Fund||$150|
|Health Sinking Fund||$40|
|529 College Fund||$50|
|Summer Camps Sinking Fund||$75|
|B’s 10th Birthday Party Sinking Fund||$60|
Total monthly savings planned: $830.00
January 2022 Spending Breakdown
When I post my monthly budget and goals recap at the end of the month, I will come back and link it here!