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2014 Budget pre-work

November 21st, 2013 at 09:40 pm

I will be working on our 2014 budget soon and I want to make sure to include a few things that we didn't include in 2013.

1. A line item for cold weather gear for the hub. This year we spent just over $500- boots, under armor, caps, gloves, socks, etc. So I will add a new line item for $42 per month.

2. Donations for co-workers and their kids/grandkids. Holy canoly has this year been an expensive one for all the requests for every-thing-a-thons, raffles, popcorn, cookie dough, etc. We used to have a policy against these solicitations ..but apparently that is no longer the case. I understand the importance of fundraising, but it is frustrating to have so many requests happen at work. My solution is to determine an amount I am comfortable with and make the donations accordingly. When it is gone, its gone.

3. Challenge every line item expense. Is it still necessary, or is it time to reduce or eliminate? I think this is an important thing to do each year.

4. Increase our 401ks according to pay increases and debt payoff. I anticipate a 5-6% pay increase in February. We will also be credit card debt free by May. Once that happens, our 401k's should be increased accordingly.

I don't want to lose track of these.

Update on Z-
It all boils down to next week. As of today, DD2 has been instructed to pack all of Zs belongings and drop him off on Tuesday morning at the DHS office- where he will meet gramma and fly out that day.

However, as of today, there is a court hearing set for Monday that may reverse the decision- so that bio-dad can continue his custody-placement requirements. His attorney says he has a case and may well get the transfer stopped.

What a roller-coaster.

3 Responses to “2014 Budget pre-work”

  1. Looking Forward Says:

    Naturally all this is happening right before Tday.. I can't imagine..
    *Fingers Crossed* Little Z stays put.

  2. creditcardfree Says:

    Oh boy, that really has been a roller coaster! Good plan for evaluating all line items and adding budgets for those items you know are constants.

  3. FrugalTexan75 Says:

    Wow! I hope the court reverses the decision!

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