![]() ![]() This fund also covers oil changes and repairs. Hopefully when I am ready for a new-to-me car, I can pay mostly in cash. While I own my car outright, I pretend I pay a lease. The basic capital we need to start a business. This amount varies but we are focusing on building an online business and with that comes hosting fees, courses, tools, software, etc. Also the Making Sense of Affiliate Marketing course came from this account. For example, we are taking a cheese and butter making course at the Milk Shanty in August and this will come from our Self-Education fund. This may be a course we want to take or books we are interested in. ![]() We set aside money each month to invest in ourselves. ♦I’m going to let Lauren take it from here and explain the areas they set money aside for each month.♦ Student loans: $1,000 Things they set special money aside for: Their health care costs are taken out of their paychecks, so they didn’t include that amount in their budget since they never see that money. We’re simply looking at budgeted spending. Special Note: I did not ask Lauren and Tim to share their income or any taxes that they have to pay. Jobs: Lauren is a mathematician and Tim is an engineer. They have a plot in a community garden that is helping with food costs. I looked it up: Boston is the 6th most expensive city in the US! This is a really great example of budgeting in a big city.ĭiet: Lauren and Tim are trying to eat more organic and local foods. Location: They live in an apartment in a suburb of Boston, Massachusetts. So cool! Basics About Lauren & Tim’s Budget They’re working hard to pay off debt, learn homesteading skills, and find ways to use homesteading and preparedness skills right in the middle of the city right now. Their dream is to move to the country and have a self-reliant homestead. Their budget is unique because they live in a big, expensive city (Boston) and because they are focused on investing in their future. I’m so excited to share this budget! Lauren and Tim blog at Modern Self-Reliance. Sidenote: One of the very best things you can do to start getting a handle on your finances is track your spending! You can download and print my free spending tracker printable and take action today! You can take a look at our current $2500 per month budget here. I think it can be helpful to see how others spend their money because you can think about how you would tweak things based on your specific circumstances.Įach real-life budget in the series will show how much a budget can vary based on location, family size, diet, priorities, income, debt… When we first started budgeting, it was hard to find examples of real life budgets. I reached out to other bloggers who were willing to share their average monthly budget with you! Here’s #2 in the new “Real-Life Budgets” series! Because of the popularity of my monthly budgets, I wanted to show some more variety with other real-life budgets for people in different circumstances. ![]()
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