May Challenge: $500

Mackenzie & Owen are skeptical of this!

It seems every time I log onto Facebook I see something about budgeting, saving money or eliminating bills.  We have zero debt and pay all of our bills in full BUT have never had a budget.  I know approximately how much our credit card bill is every month but we haven't taken the time to analyze where our money is going or how to minimize our spending/maximize our savings.  I don't think we over spend - we buy things that we use they just aren't things we necessarily need.  For example, a lot of things we purchase are "deals" on things we won't use for 1+ years - we have a stock pile in our basement of kids toys - a sand/water table, Little People, leggos, a Disney Princess toy house (seriously!) So this month I'm challenging us to NOT buy ANYTHING we aren't going to use in the next 30ish days.  Our goal is $500 or less and we will put the remaining money that we usually spend in our kiddos savings accounts.  I've outlined where our money goes but omitted our regular household bills from our $500 budget - we're starting small.  WISH US LUCK!!! 
What our budget includes:
*groceries
*diapers (~750 diapers per month)
*formula (~45 cans of Neosure)
*gas
*household bills (cable, 2 phones, WE, water)