What does the “other” budget include?

 Welcome back to another rendition of FCF Q&A! Do you have a question? Drop it in the box at the right of my site. It can be about anything!…just try me 🙂
My box has been flooded with questions about my envelope budget system video and post recently. Which tells me…I didn't do a great job of covering everything! Sorry! But here I am to hopefully nail down a question that many of you seem to have:

Hi I love reading you blog. I have a quick question for you.

 I have been following your budget plan you shared on your blog a couple weeks ago. The one where you use an envelope and map out the 4 weeks in each month. My husband is in law school now so I have been trying to be very frugal and spend money wisely. My question is: for the column where you spend $50 a week on everything else you aren't including gas and bills right. Such as water, cable, internet etc. The everything else column is like grabbing a bite to eat or a co pay at the doctors office right? -Jenaca
Great questions Jenaca! (and everyone else who has the same question…)
Here's my answer:



You are correct. My “other” budget includes regular, mostly “want to have” expenses that wouldn't come out of the family budget. 

Our family budget pays for bills (medical, utilities, home and car repairs, insurance, mortgage, etc.). My other budget is for expenses like hair cuts, school clothes, going out for lunch, pedicures, etc. Copays come out of our family budget. 


To clarify even further, I have updated my BUDGET POST and went into more detail in the post, including a list of what each budget includes in our house. Check it out and feel free to let me know if you have any more questions about it. 

Thanks Jenaca (and everyone else)!

Have a great day,

Comments

  1. AvatarCatherine says

    Where do you get the amount for your “other” budget? Should it be $200 for everyone no matter the family size, or is it also based on family size? So $50 per person for the month?

    • AvatarFunCheapOrFree says

      No, it definitely depends on your family! I recommend deciding what would be included in your “other” budget, then go back for the last 3 months and find out how much you’ve been spending on “other”…then cut it in half 🙂 We usually spend more than we need to. Give it a try for 2-3 months, then if it’s too tight or too easy, adjust accordingly. For us it was $50 because that’s all we could afford at the time. When baby #3 came, it went up to $65. When baby #4 comes it will go up to $75 per week – but we can afford that now and wouldn’t have been able to back then.

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