Monthly budget plan - Where our salaries goes

Hi read cash people!

I hope all is well to all of you. It’s a new start of the month again. I know most of you already have monthly goal plan with these platforms (congratulations and I’m totally amazed with that). On the other contrary, do you also have your monthly budget plan? Like how does your monthly salaries circulates? On my end, I already have plans on it. Our monthly budget is already set  and planned with my partner. I always make sure that we have one so that we know where our salaries went through and everything is according to plan (sounds like accounting 101 right? Lol). I learned this with my best friend who is a certified accountant and she told me that better to have a plan with your salary so that you will know and able to manage it properly. I still believe in the saying “You only live once”, that is why I need to have a plan so that if I have a future travels, things that I want to buy, it is still according to the plan, to the budget. I just want to make sure that I will not get broke again, like literally no money again. It’s very hard you know, very hard indeed.

Anyhow, this blog again is all about my monthly budget plan. Let me share to you now how it goes. By the way, our monthly salary is divided into two, 15th and 30th of every month.

So here’s our currently monthly bills and expenses:

·        House rent – 6000

·        Electricity and water – 2700

·        Internet – 2009

·        Groceries – 2500

·        Summer and Franco – 2500

·        Food Allowance – 4000

·        Debt – 2166

·        Credit card – 1500

·        Home credit – 970

·        Savings – 5000

·        Transportation – 2500

·        Extra - 2000

This is how we divided it for the whole month, every 15th and 30th of the month:

·        House rent – 3000

·        Electricity and water – 1350

·        Internet- 1000

·        Groceries - 1250

·        Summer and Franco – 1000

·        Food allowance – 2000

·        Debt – 1083

·        Credit card – 750

·        Home credit – 485

·        Savings – 2500

·        Transportation – 1250

·        Extra - 1000

This is our estimated monthly salary for each other, ₱25000 for her and ₱27000 for mine. The accumulated total of our monthly payments and expenses is ₱33845 and split it into is ₱17000. This is really a huge expenses for the both of us but we have no choice because we are just renting an apartment here. If only we didn’t rent a house, I can say that we have a better savings at all. So if the estimated total salary is ₱52000 minus ₱33845 the remaining money that we have every month is around ₱18000 (seems a huge amount right? But I don’t know nawawala padin to eh 😅)

Still we divided it into two, me and my partner. Even though we live together, we want to make sure that we still have privacy with our individual salary. Others may seem to combined their incomes together but ours is “NO”. Of course, we told each other how much our salaries is but we respect each other not to combined all of it so that if we want to buy something for us, we have money on our own right ahead. It maybe sounds not good because we’re living together (that’s what I think at first) but then I realized it’s good for the both of us. At least I can say that we can still hold the money that we worked hard for. But of course we have savings, it’s a combination for the both us after all.

In addition to this, I also have my own expenses. I always gave money to my parents every salary for an amount ₱2500 so for the whole month is ₱5000. I need to because they no longer have any work in our province. They are relying to me and my brother now. Same as her, sometimes she’s sending money to her family but not all the time.

Normally, the remaining money I will have every pay day is around ₱2500 and the good thing about it is that I will never touch that money unless (shoppee and lazada are waving) I bought something that is not part of the budget plan same as her but she do have a lot more extra money compared to me though 😅.

Thank you again to my supportive sponsors. You guys are awesome!

So that’s how we normally planned our monthly expenses guys. The good thing about this is that at least we already know where our salaries are for and we know as well the remaining amount of us. I do highly my friends to make theirs too but sad to say they didn’t listen to me and that’s fine. We have our own unique way spending and budgeting our salaries.

That’s it readcash people. Thank you again for dropping by and read my boring blog. I hope I was able to explain it further. Until next time 🙃

All original content by yours truly. Credits to unsplash.com for the images.

Ciao,

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