So my monthly pay check is in
for a total of $3,805.97. My pay
has increased for the next few months as I’ve paid my EI for the year. My
budgeting will continue as if I did not see this extra $200 and that amount
will be put towards my House Payments
Housing 40% - $1,439.35
Mortgage - $646.62
House Maintenance - $315.00
Housing Taxes - $192.00
House Insurance - $72.00
Utilities – $213.73
Total – $1,439.35
Savings 10% - $359.83 – All
going to my RRSP
Extra Mortgage Payments 10% -
$359.83
Transportation 15% - $539.75
Bus Pass – $0
Train - $0
Other - $15
Car Savings – $0
Total - $15
Leftover - $524.75
Life 25% - $899.63
Food - $130
Cell – $30
Internet - $60
Health Insurance – $23.52
Clothes - $10
Gifts - $10
Misc - $10
Big Ticket Item - $100
Entertainment - $10
Social/Sports - $0
Financial Planning - $14
Cat - $10
Slush – $492.11
Total - $1107.21
Extra from not having to pay EI - $207.58
Of Note:
- Between my normal mortgage payment ($646.62), my Extra
Mortgage Payment Amount ($359.83), what is left from the transportation budget
($524.75), my Slush money ($492.11), and my Extra from not having to pay EI
($207.58) I have a total of $2,240.89 to put against my mortgage. Which means
not only can I afford to increase my monthly payments from $711.28 to $782.40
but I can double up my payment to $1,564.80 and have $666.09 left over to add
to my yearly 10% pot.
- My BTI money is earmarked this month for a wisdom tooth extraction. Truly there is nothing more exciting to spend $100 on.
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