Today, after my husband lost his job and my hours were dropped, I decided to remake the annual budget. I found that we have more month than money and more year than money too, but luckily I have ideas to make that work.
First we owed back taxes on our house, so I junked my old truck that was falling apart and worth less than it would cost to replace just one part that needed replaced. I got $407 for it. I took the $407 and paid my tax bill for my house. Now I just need $110 more by June 1st to pay off the tax bill for the year. I anticipate being able to pay that off.
Second, I joined a gig site called fiverr.com. I have made $44 in the past 9 days. That's not a lot of money, but considering we are in the negative here, it was worth it to me.
When going through our expenses, I found we haven't been using what money we do have to the absolute best of our abilities. Part of my motivation for selling the old junked up truck was to reduce my annual tax bill by $20, to eliminate the $28 a month for insurance, and to make sure I didn't have something lying around going to waste.
I also found that we pay a heck of a lot more for electricity than most people in our area do. I assume it is due to the amount of usage, so I will be looking into dropping that.
I think, if I implement everything I am planning, we will have enough money for the month and maybe a little to set back.
Annual Budget
May 7th, 2014 at 06:15 am
May 7th, 2014 at 11:42 am 1399462935
May 7th, 2014 at 12:41 pm 1399466511
May 7th, 2014 at 06:13 pm 1399486410
May 9th, 2014 at 06:48 pm 1399661283
I hope you can pick up some ideas from Saving Advice.com threads to help cut costs. Wonder if you've gone through your cupboard/pantry to figure out a meal plan . Sign up for every service available in your community, foodbank, food stamp card, etc. Have you cancelled every non essential service?