Tuesday, August 4, 2009

July 2009 Budget Update

It’s August which means it’s time for a budget update. July wasn’t our best month and August isn’t going to be either.

Our Accounts currently stand at :
Car Fund: $4717.55
Emergency Fund: $5109.56
Dream (Early Retirement): $2198.75

The emergency and car accounts are fully funded (and still slowly growing) but we’ve spent a lot of money on our house this month. In August we’ll be closing on our new home and putting down a small down payment. Once we’re in we have to buy lots of paint and maybe some carpet – depending on what shape the hardwood floors are in. This also means we need to finish this place which translates to more paint, much more paint and at least $200 for last minutes kitchen repairs.

Basically I expect our Retirement/Dream account to be lower in August than it was in June since so much money will be coming out for these endeavors, but it’s all worth it in the end.

And as soon as we close on our new property I’ll post lots of “before” pictures.

How did your month of July go?