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Sunday, February 13, 2011

Starting a Budget- Income

Our income.  Hubby makes $13.14/hr with a $.65 shift differential. An 80 hour pay period (2 weeks) give us $1,103.76 gross pay.  Minus $65.60 for taxes, $84.88 for retirement, $84.37 for insurance and we are left with $868.91.

I work at home for a wonderful company.  They pay me $10/hr and I work anywhere between 10-12 hours a week.  On average my pay check is $200 (for a two week pay period).

I also work with a MLM party planning company.  It is a 100% commission pay, so I never know what my paycheck will be.  I figure the best way to work this income into our budget it to apply all excess money I make toward our credit card bills.

So essentially I have $1068.91 to budget every two weeks.

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