I am working on a budget to use for the rest of 2009, now that I am working, and can predict my future paychecks. I am trying to include as many of my 2009 savings goals as I can. I am worried I made the budget too tight. I am not including any income my husband makes because he needs the money for his own expenses.

(My CA & GA incomes are rental incomes I net after monthly associated fees are paid. )

2009 Year Budget Allotment
starting June 1
7 months left in the calendar year

*CA Income: $1250 /month
Save 100% for future CA renovation
$1250 x 7 = $8750.00

*GA Income:$1050/month
100% for GA Mortgage Payment

*Work Income:$1300/month = Bills

Monthly Bills = $605 House Bills +$360 Savings +$335 Spending

$65 Brinks Home Alarm Security
$170 medical Insurance
$100 electric
$40 water
$120 Car(s)& Umbrella insurance
$110 cable/phone/internet
$300 Emergency Fund
$60 vacation/wedding travel
$335 spending

Emergency Savings /Goal $4,000
Start with $1900.00
$300 month EF
$300 x 7=2100.00 + $1900 start =$4,000

Wedding-Vacation-Travel/Goal= $420
$15 Week/$60 Month x 7=$420

Spending
$335.00 spending/4= $83 a week to spend

Home Improvement Savings
(commission checks only)
$300-600 monthly Commission
$2100.00-$4200.00 a year

(Fun Mortgage Fact: Paying $1050.00 every month (extra $108)
Total interest paid over the life of the loan (no pre-payment): $126,850.90
Total interest paid over the life of the loan (with pre-payment): $88,420.74
Saving:
Total interest saved: $38,430.17
30 yr loan will become a 22 yr loan)

So is this a do-able budget or am I setting myself up for failure?