Well, after going through our first month on a budget we've made some adjustments.

Auto Fuel $260
Auto Insurance $160
Auto Maintenance $30
Clothing $50
Dog $75
Groceries $600
Household/Gifts $100
Descretionary $560
Kids Activities $200
Life Insurance $166
Loan $700
Savings $330
Tuition $338
Tithes $500
Utilities $260
Memberships $35

Total $4364

We have about $3000 readily available in a money market account as an emergency fund. Should we continue to build that up on a monthly basis, along with our 401K's and kids college funds or should we for go contributions temporarily to pay down the debt faster?

Stopping our contributions makes me a little nervous but it seems like it might be a good idea to make things move a little faster

This is our first attempt at a budget. I kind of guessed on the numbers and figure I can fine tune and tighten it next month once we see how things go.

Monthly take Home is 5503
(our rent, which is $1305 is already taken out)

Auto/Property Insurance $140
Life Insurance $166
Clothes $100
Gas $200
Dog $50
Entertainment $75
Extra Debt Payment $500
Dining Out $100
Groceries $550
Gifts $100
Discretionary $700
Savings $300
Student Loan Payments $431
Tithes $450
Tuition $279
Utilities $150
Cell Phone $120
cable/internet/phone $135
Kids Activities $150
Credit Card Payments $100
Car Payment $700

Total $5496