I’ve never really done a budget before

I’ve never really done a budget before, and don’t really know where to¬† start. I keep my bank ledger in excel. So, I went through and assigned¬† categoriesto everything for the past 4 months. Trying to see where my money goes. Here’s what I’ve come up with so far….

Hopefully you can read this. Each category has the Category name, 4 month total, monthly average. A few categories have some further explanation out next to them.

Auto Gas
$226.55
$56.64

Auto Insurance
$431.69
$107.92

ATM Fees
$11.00
$2.75

Cash
$447.35
$111.84
(I’m bad about using the ATM for cash, then not tracking where the cash goes)

Clothes
$148.69
$37.17

Credit Cards
$317.03
$79.26
(I don’t think a single cent of this went towards the actual balances, it was interest, late fee, or over limit)

Curves
$94.17
$23.54
(I desperately need to use this membership, and I love going..but I can’t seem to stay healthy enough to go very often)

Eat Out
$243.81
$60.95

Electric
$335.62
$83.91

Fun
$154.58
$38.65
(includes nights out with friends, which doesn’t happen often, also books bought)

Gifts
$100.89
$25.22
(two nieces & one nephew – birthday parties)

Groceries/Household
$1,322.84
$330.71
(ok..this catagory is a jumble of groceries, household items, pet supplies, gardening stuff, books, office supplies, etc…anything that didn’t fit somewhere else. I really need to break this out and see what the heck I’m spending so much on. No more trips to Wal-Mart!)

Internet
$59.80
$14.95

Income
7546.16
$1,886.54

Prescriptions/Medical
$416.58
$104.15
(prescriptions eat me alive. I’m going to check into our mail order program through work, and see if it would save me any money)

Pets
$33.51
$8.38
(a lot of the pet stuff is under the groceries/household catagory)

Phone
$194.37
$48.59
(I’m thinking of getting rid of my land line, and just going with a decent cellular plan)

Rent
$2,092.00
$523.00

Water
$166.96
$41.74
(this includes sewer and trash)

Auto Upkeep
$70.30
$17.58
(oil changes, registration sticker)

Bank Svc Chg
$25.00
$6.25
(had 1 overdraft fee)

Loan Payment
$221.56
$55.39

Taxes/Credit Report
$111.90
$27.98