July 2019 Budget

July 2019 Budget

July is the first summer month with no paycheck of any sort, so we’re pulling entirely from savings (using the money I’ve been setting aside each month during the school year). We also got hit with a big car maintenance bill this month (~$700), so we drained our car maintenance fund (which was just over $500) and then dipped into the emergency fund to pay the rest of the bill. Oddly enough, I looked at our car maintenance bills from the previous year and we had a major bill (~$800) on the very same day last year… apparently we’re very consistent about our car repairs.

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June 2019 Budget

June 2019 Budget

You might be wondering what the the picture above is all about… well, Ellie’s night time sleep routine is holding steady, with at least one middle of the night wake up per night. Our friends have a “toddler clock” and had good results with it; however, we didn’t want to shell out any money for something that Ellie was just going to ignore. That’s where this car (aka Bob the car), nightlight, trivet situation comes in.

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Personal Finance for PhDs Podcast Episode!

Personal Finance for PhDs Podcast Episode!

A few months ago I had the opportunity to chat with Dr. Emily Roberts of Personal Finance for PhDs on her podcast. If you’re not familiar with Emily, she runs an awesome website with lots of info about the ins and outs of all the financial decisions that grad students and early career PhDs are faced with. During the episode we chatted about my student loan situation, the Public Service Loan Forgiveness (PSLF) program, stay and home dad-ing, and more!

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April 2019 Budget

April 2019 Budget

Holy groceries!!! We spent under $600 on groceries this month!!! It does come with a caveat… I was traveling for ~5 days, so there was only 1 adult to feed for 5 days of the month. However, we hosted a few meals at our house, cooked a meal for a friend with a new baby, and re-upped on some freezer meals… so we didn’t skimp on food purchases.

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February 2019 Budget

February 2019 Budget

What I’m most excited about in this month’s budget is the fact that our grocery bill is the lowest it’s been since we started tracking our spending in 2016. We budget 20.48% of our monthly income to groceries (which amounts to $935). This is still more than we’d like to spend a month on groceries (for 2 adults and 1 toddler), but we are also realistic about our spending. I don’t want to set the budget at a number that we’re going to consistently go over each month and have to figure out where to pull the extra money from. I’d rather set it at a number we can consistently achieve (based on our average from the past year of ~$900) and then slowly get it down.

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January 2019 Budget

January 2019 Budget

If you want some background information about our budget, see my first budget post from December 2018.

I initially thought I was going to do some major revamping of the budget given our focus on paying down our student loans. However, when I took a look at the budget, I was happy with how things were set up. The only change is that instead of throwing extra money to savings, most of it (except for yearly bills and our small travel fund) will go to student loans. Also, the first time I posted our budget I rounded all of the %s and it drove me up the wall, so I’m introducing decimals this time around.

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Money, Money, Money, Money... Money!

Money, Money, Money, Money... Money!

Now that you’re humming For the Love of Money, I’m taking a quick detour from the (academic) planning series to talk about our budget. In addition to really enjoying how people plan out their days and spend their time, I also enjoy seeing how people spend their money. Given the number of personal finance blogs and blogs dedicated to paying off debt, I imagine I’m not the only one.

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