This post is a little late, but last week I shared mydebt. Today, I'd like to share my anticipated budget for the next few months...with the caveat that my priorities may shift a bit (more on that soon) as I struggle with trying to pay down my debt while still living the fun, fabulous, carefree life most 20 somethings do before financial reality sets in. I'm just trying to do it a little smarter...if that's possible
Here's my regular budget (Paycheck = 1348)
Removed Savings (at a different bank than BOA) - 15
Netflix - 9
Insurance - 89
Car - 317
Gym - 30
Sallie Mae - 175
BOA Savings (linked to checking) - 25
ACS Loan - 170
Wells Fargo Loan - 50
Food/Gas/etc. - 110
As you can see, it's a pretty bare bones budget. I don't always stick exactly to it, but I'm pretty close. Whatever's left goes straight to extra car payments. As I mentioned in a previous comment, I haven't really gotten the hang of budgeting for things like car maintenance/taxes, pet expenses, etc. For the months in which I anticipate these will occur, I simply take it from the overage when I look at where that paycheck will go and adjust the leftover amount to throw at my debt accordingly.
I also have 3 credit cards. These balances are at 0. In the rare case that I do use them, I pay it off as soon I receive the statement, so that I can show utilization without running it up. The money for this also comes out of the surplus.
I'm sure some of you more seasoned pf gurus probably have more sophisticated examples. I'd love any advice or feedback as I try to find something that works well for me.