December 2017 Budget Report

Our December was dominated by our Christmas/New Year’s vacation to southern California. We took two weeks off! We stayed with Kyle’s parents, and it was amazing to have more adults around to help take care of DPR. Kyle and I were able to go out on our own a couple times and even have free hours at home when she was playing with her grandparents. I can appreciate even more the value of having family members around when raising young children. We only get that benefit sporadically, but like this trip usually when we do it’s pretty intensive.


DPR bundled up in Seattle vs. enjoying the CA sunshine


One of the fun activities I did in my free time over the break was budget planning for 2018! I completed a total reset of our targeted savings system when the New Year rolled over, reallocating savings we had in place and setting new savings rates/goals. I also did some preliminary calculations for what our federal tax burden will be in 2018. It might take a few months to properly adjust our withholdings but we should see a nice increase in Kyle’s take-home pay as we expect to pay a few thousand dollars less in tax in 2018 than 2017. Kyle also is in the midst of negotiating a raise so that will be great as well.


Regular Fixed Expenses


Rent $1645


Water/Sewer/Garbage $130


Internet $74.45


Student Loan Minimum Payment $101.99


Co-Op Preschool $92


Netflix $10.74


Cloud Backup $5.99


Regular Variable Expenses


Power $0 ($80 budgeted):


Groceries $582.00 ($600 budgeted): I would be impressed that we were under budget for the third month in a row, except that we were out of town for nearly two weeks. Thankfully, we have a freezer full of meat to start January off with.


Restaurants $53.84 ($50 budgeted): We ate out TOGETHER twice – once grabbing pizza with friends and once for breakfast with relatives.


Gas/Parking/Public Transit $61.81 ($60 budgeted): All gas!


Phones $87.32 ($88 budgeted): This is our new recurring bill for two phones, one from Republic Wireless and one from Google Fi (with a financed phone).


Miscellaneous ($402.25 budgeted): $0


Bottom Line


We spent $2,844.63 of $3,340.42 available. The excess cash was diverted into our Targeted Savings Accounts reset.


Targeted Savings


We contributed $456.40 and spent $702.74 in total.




Starting Balance $702.63

Saved $74.58

Spent $0




Starting Balance $780.86

Saved $0

Spent $0




Starting Balance $598.08

Saved $50

Spent $498.96 on Christmas gifts, baby gifts, a wedding gift, and a meal for another family




Starting Balance $268.28

Saved $0

Spent $0




Starting Balance $1,330

Saved $0

Spent $28.09

  • $9.90 on a power strip
  • $4.99 on power cords
  • 20 on a phone case




Starting Balance $310.40

Saved $201.90

Spent $174.99

  • $13.90 on clothes and shoes for DPR
  • $30 co-pay
  • $50 babysitting
  • $5 dessert at an auction at DPR’s preschool
  • $39.38 crib mattress




Starting Balance $1,108.30

Saved $108.33

Spent $0


How was your holiday break? What do your taxes look like in 2018?


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2 Responses to "December 2017 Budget Report"

  1. Ivan says:

    Btw I love how you put your tithe at the top of your budget. What are your current jobs in Seattle and in what neighborhood do you reside?

    1. Emily says:

      Thanks! I probably should review our percentage-based budgeting system in these monthly posts.

      Kyle works for a biotech start-up and I’m self-employed. I’d rather not specify our neighborhood. 🙂

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