JUNE BUDGET WITH US // reflecting on May + how we budget our income

Added: 2026-06-03

[00:00:00]Gas was a bit of a doozy.

[00:00:02]>> Uh originally the plan was for me to do some sort of summer school.

[00:00:07]>> We're not out of the woods yet with our medical bills.

[00:00:10]>> That will dramatically reduce the gas price issue. [music] >> Hi guys, welcome back to today's video.

[00:00:21]Today we'll be budgeting for the month of June. And if you [music] are new here, my name is Alora. This is my husband, Kyle, and we sit down every single month here on my channel and budget our monthly income with you guys.

[00:00:34]We use the EveryDollar app. This is a free budgeting app. There is a paid version, but we have been using the free version and we just feel like there's no need to upgrade. Before we begin budgeting for the month of June, let's go ahead and reflect on the month of May and see how we did in terms of our budget. Now, I will say overall, we did pretty well. Our current financial goal is to build back up our checking account cuz we just recently became debt-free.

[00:01:01]We threw a huge chunk of money at the student loan debt, and now that that's gone, we feel like we need to just kind of recover a little bit. And so, one of our goals is to build back up our checking, and to do that, we really need to be sticking with our budget. The more money we net, the faster we grow in terms of that. You're going to see here we did relatively well, but in some areas, it was just hard to not go over budget, and you'll see that here in a bit. So, let's go ahead and look at the housing category. These are all our typical monthly bills that we get every single month. They're pretty predictable, so it's no surprise that we stayed within budget there. A lot of the times, we know the numbers of each bill before we go into the month. Let's look at gas. Gas was a bit of a doozy.

[00:01:48]We went well over budget in terms of that, because as we all know, especially if you live in America, and maybe elsewhere, I don't know, the gas prices have really gone up and it it's just something that we obviously were not prepared for as you can clearly see in our budget. We did go almost $100 over budget. This one definitely hurt. Moving down to the food category, looking at groceries, we went $11 over budget. I will say we were within budget in our normal typical grocery trips, but Memorial Day is what got us. We ended up bringing food for Memorial Day and also you had a field trip that I had to last minute buy a cold lunch for and I went to our local grocery store and just bought something super convenient, so that is what brought us over budget. Um looking at restaurants, we were within budget there, which always feels great.

[00:02:48]>> Moving on to the personal category, pocket money for both of us was within budget there. Toiletries and cleaning was just a little bit over there. 529 is consistent, so in budget there. Diapers and wipes, a little bit under budget there. Miscellaneous, as usually zero.

[00:03:10]Um that just kind of is a catch-all, so that was put there.

[00:03:15]Uh home school, nothing to budget there.

[00:03:18]HBO Max, $3. That is still within budget. Mulch was a tad bit over budget, mostly because of the tax that was added on to it. Uh we took advantage of the $2 mulch deal per bag and stuff like that, so just a little bit over there. Movies was within budget as well.

[00:03:41]Uh stepstool, $10. I believe that was added on, right? Hair care is also added on. The refresh for the master bedroom, I believe was added on too. And then we did also do some spring cleaning. We decided to get rid of a bunch of junk that was in the basement. And so that got added on as well, $52 there.

[00:04:05]>> Looking at pet care, we were within budget there. We didn't have anything for medicine / vitamins. Medical bill within budget. That was a bill that we knew ahead of time. Um auto insurance within budget.

[00:04:18]>> Uh as far as debt is concerned, we are completely debt-free. So that is $0.

[00:04:24]Looking up at the savings category, uh emergency fund, that's $0 cuz it's fully funded for right now. And then gifts, we have been continuing to add $15 per month there.

[00:04:37]>> We did spend $21.25 in the month of May, but as we all know, there is Mother's Day in that month, and so that was gift money for our moms.

[00:04:46]That is how we did in the month of May.

[00:04:49]Definitely let us know down below if how gas went for you guys for the month of May. I am very curious to hear. Now, let's go ahead and start budgeting for the month of June. Anytime we start a new budget, we always start off by inputting our income, and we just name or label our income amounts by the days that we get paid. So we get paid on June 1st, June 5th, and June 19th.

[00:05:18]Okay. So, now that that we have inputted our income and we know what number we're working with, we go ahead and move down to tithes. Now, we pay 10% of our monthly income each month in tithes, and so we will just have that number planned.

[00:05:34]>> Moving down to housing, so our mortgage is $841 a month. That will not change.

[00:05:40]Water is we're going to budget for 152.

[00:05:43]We usually do a lag time with that because we don't get the bill until later after we've already videoed recorded this and everything. So, we're going to leave that alone for right now.

[00:05:54]Internet is $40.

[00:05:56]Electricity and gas is going to be 160 and $0.58.

[00:06:01]>> Nice. That went down, which always feels great.

[00:06:04]>> Trash, we're going to go ahead and make that zero because we do it on a 3-month basis and we did that last month. Phone bill is also zero because we are doing a little deal side deal with my parents on that, so that it will be zero as well.

[00:06:20]Okay, and then looking at transportation, my thinking on this is that we'll keep it at 180 for this month because I am not going to be working in the month of June. Uh originally, the plan was for me to do some sort of summer school or summer job, but the summer school thing fell through because not enough students were enrolling for it. So, because of that, I don't have anything lined up.

[00:06:50]And I figured, you know what? I'm not going to worry about it this year. I'm just going to go ahead and just do a lot of things around the house and get all the uh honey-do list things done and all that kind of stuff. So, that's what we're going to do instead and that will dramatically reduce the gas price issue. One thing we didn't mention on the earlier part, gas also was a little higher because we did borrow my parents' truck and I added some money into the truck as far as gas goes as well. So, a little bit there, too.

[00:07:23]>> It was only $20 though. So, if you think about it, we still definitely went way over budget. Looking at the food category, starting off with groceries, we're going to continue to plan $450 and then restaurants will just again budget $50. Looking down at personal, we're going to keep both my pocket money and Kyle's pocket pocket money at $30.

[00:07:47]We'll keep toiletries / cleaning at 40.

[00:07:50]Same with the 529, we're going to keep that at 60. [music] Um along with diapers and wipes, going to continue to keep that at $30. We're going to bring miscellaneous down to zero.

[00:08:02]Um just cuz that [music] I can't think of like any sort of miscellaneous things we need so far for the month of June, so we're just going to plan zero. Home school will be zero.

[00:08:11]Um HBO Max going to be 2.99.

[00:08:15]We can delete [music] this mulch line item since we've already done that. We can also delete the movies line item, the step stool, hair care, master bedroom refresh, and [music] dump.

[00:08:29]>> [laughter] >> That kind of sounds weird.

[00:08:31]Uh we can delete all those line items.

[00:08:34]And now we are going to go ahead and add a new line item, and I'm going to call it girls day trip.

[00:08:43]So at the end of June, my sisters and my mom and I are all going to do a day trip to a really cute lake town. They're having this like event at this town that we want to attend. And like I said, it's just a day trip, so I'm thinking I'm going to bud- budget maybe like $30, $40, I don't know.

[00:09:05]I plan on getting definitely a coffee while I'm there. We will probably be going out for dinner as well. I don't see myself buying anything more than just food. And I'm going to be carpooling, so I don't need to worry about gas. So I'm thinking I'm thinking $30 should be enough for that trip.

[00:09:23]>> Um so we might need to add in a Lowe's line item for this month. This one's going to be really hard to judge the cost of only because I'm not 100% sure what all I will need. As many of you might remember from last year, we had a table that we were working on and things like that. And that project was mostly done, but not completely done.

[00:09:51]And so, I need to go back over to my parents' place where it's still at and get that thing back over here. Um and I'm not 100% sure what all material that I may still need to get for that. Um so, I'm thinking maybe in the ballpark of $25 for right now. And I guess we'll have to make adjustments as things go along. Um and I guess we'll see.

[00:10:19]>> Let's go ahead and move down to lifestyle looking at pet care. We're going to keep that at $14.

[00:10:26]Moving on to health, medicine {slash} vitamins. I know the kids need more vitamins. How are you doing on yours?

[00:10:32]>> I should be good for this upcoming month.

[00:10:35]>> Okay. I also need to get myself some vitamins, so I'm going to budget $40 cuz the specific vitamin I want is $30.

[00:10:44]And then the kids' is around $10, give or take. So, we're going to budget 40 for that. And then looking at medical bill, we're not out of the woods yet with our medical bills. They just like keep trickling in. And so, we have a We have another medical bill that we need to pay for the month of June, and it's $115.

[00:11:04]So, we'll go ahead and budget for that.

[00:11:08]>> Yeah, plus I have my own personal doctor's visit this month as well. So, I guess we'll see how things go from there. Um so, yeah, there's The The Those of you that have been watching, it's been a few months now of just little bills that keep popping up and that we have to keep paying. So, hopefully soon it'll be done and we can move on. And then for auto insurance, we're going to be budgeting 156 there.

[00:11:39]Uh so, that will just stay the way that it is and it won't change. And then the debt, of course, is $0, so we're going to leave that alone. Moving up to savings, emergency fund, we'll leave that at zero because it's fully funded. Gifts will be continued to be $15. So, we're going to go ahead and add in a sinking fund here.

[00:12:04]This will be a very short-term sinking fund. Um as you know, we've done better in the past about saving ahead of time for vacations and things like that. Uh but this particular year, we just haven't been doing it as much. Uh >> Mostly Sorry, mostly because we were throwing a lot of extra money every month at the student loan debt. [music] >> Yeah, exactly. So, it was just a lot of things that we were focusing on and vacation was not one of them. So, we're still planning on taking one and uh enjoying now that they're were debt-free and stuff.

[00:12:42]Um but we just haven't been preparing for it as far enough advance as we have done in the past. So, what we're going to do is we're going to do a sinking fund for uh a Tennessee trip to go see my aunt and uncle um who I have not seen in quite some time. And it'll be the first time for the kids to see them, so that'll be exciting.

[00:13:09]>> Yeah, and you. That's true, too.

[00:13:12]>> years.

[00:13:12]>> [laughter] >> It'll be my first time meeting them in person and not just over social media and stuff, so.

[00:13:18]>> Correct. Yes.

[00:13:20]Um and I think I need Yeah, Laura's going to change it into a sinking fund because you actually have to set it that way in the program. So, that's what we're currently doing. Our target amount is we're saying $500 for this. Um it is going to be a little bit of a cheaper one, we think, because we're also going down with my parents and we're kind of turning it into a sort of camping situation, too. They're bringing their camper and things. So, the the lodging is going to be very cheap. And uh and then we're just kind of doing things more in the that local area. So, it's not like we're going into one of the major tourist traps of Tennessee.

[00:14:06]So, we're thinking $500 is probably a fair amount. If it's a little bit more than that, it's not a huge deal because, again, we're debt-free. So, it's not a big deal. We have a lot We usually have money left over at the end of our budget that we like to sit there for any situations where we need to cover unexpected expenses.

[00:14:28]And then we take the extra and we save it for a bigger thing down the road. So, it's really not a a big deal one way or the other. Um we should be just fine.

[00:14:39]>> We've budgeted all that we know of happening for the month of June. So, that brings us to the end of today's budget with us. Thank you guys so much for watching today's video. Don't forget to subscribe to Kyle's channel. He does all things personal finance and I really think you're going to love it over there. His kind His videos are the kind where you can just listen to it in the car. You don't even need to watch. So, if you're into like that podcasty kind of just like sit down chat type videos, go subscribe to his channel. If you enjoyed today's video, be sure to give it a thumbs up. Don't forget to subscribe on your way out and we will see you guys in another video. Bye, friends.

[00:15:17]>> [music] [music] >> Mhm.