All money that comes in has a place....where is it all going?
DH brings home $339 a week, of that $240 automatically goes into our Money Market account so it can build interest, that is used to pay our mortgage, and the interest, well, that's savings, that I am being PAID rather than me having to add it in myself.
$20 of it goes in the gas tank (DH's car gets great mileage, we use about $60 a month in gas)
That leaves me with $79
Now to pay the bills, We pay out, on the 15th of the month, for Mortgage, $727.54 the overage that I stuck in The Money market pays the Utilities, leaving a mere $6 to continue growing (but we also got interest on the whole month of having the rest in as well.
We have No car payment, but the insurance is 181.96 per month this is taken out of the money added to the checking, and only comes out 11 months per year. This leaves us $214 for luxury and food. Our taxes and Insurance are put in a CD in April, so they earn money from our tax refunds.
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