The $3,000 Budget

How far does $3,000 go in Dallas, Texas for a couple?

I cannot believe how much has changed since April. Remember my post “Working on our First Post School Budget?” I did not have a car, a job, or anything really! After working some numbers, I believe I have our first budget. Here it is:

Let’s just say it’s pretty tight. Despite the fact that $3,000 is a lot of money, it doesn’t seem to go very far! :( And I live in Dallas, TX, an affordable city! I totally feel for the PF bloggers living in pricey cities! We have a $111 buffer, which I believe we may spend sooner rather later during the month. I am hoping the gasoline bill is not as high as I am predicting. We are going to be living 5-10 minutes away from my job, and I hope my hubby finds a job nearby! Everything is also five minutes down the road.  I, also, don’t know if my company will pay for my cellphone. I hope they do, at least partially.

Line Items:

  • Rent is an estimate. I have been looking at apartments and they all range between $700 to $900 depending on location and amenities. The cheaper the apartment, the more buffer.
  • Cash Allowance- I have budgeted a cash allowance for my hubby and I. Right now, I plan for a $50/ a week for each of us.
  • Car maintenance fund- I have also budgeted $100 for car maintenance. This should help pay for tires, oil changes, etc.
  • Christmas fund-  I am putting away $100 a month for Christmas gifts, so when the time comes we won’t go over budget.
  • Vacation Fund- Budgeting $100 a month for vacation expenses.
Some thoughts:
  • I am not sure how families do it. $3,000 for 2 people seems like a lot, but then it just disappears on rent, car insurance, etc. Hats off to the families who can. I know my mother always managed to find the money to pay stuff, and her budget was/is LESS $3,000 per month for 4 people.
  • I am so grateful to NOT have loans of any kind. I don’t know if I could pay off additional debt and stay under our budget. This is motivation for me not to rack up any debt.
  • You might notice that I say “I” or “me” when I talk about the budget. I am married, but  in the end I am the one who handles the finances. My hubby doesn’t like setting limits or paying bills or setting financial priorities. He leaves it to me.

What do you think? What is your budget like? Do you stay under it usually?

SavvyFInancialLatina

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