Monday, November 3, 2008

Go Us!

Yeah, that's right, we deserve a trophy! (A giant one.)

We are doing a good job sticking to our budget - not that it is much different than the way we spent our money before, but we are trying to be more aware, and we HAVE made some notable improvements that we are doing a good job sticking with.

#1) $25 per week is automatically deducted from our joint checking account and transferred to our INGDirect savings account. We earned $11 in interest this month! I know that our weekly contribution isn't a ton, but we are trying to pay ourselves (our savings) while still having enough cash to put towards the CC debt that we are working on paying down, which brings me to...

#2) Last month we paid 3x the minimum payment on our CC with the highest APR! It's a pretty significant amount for us and I hope we are able to keep it up!

I feel like we are actually accomplishing something on the financial front! I hope we can look back in a few months and really appreciate where we are now, and how much we will have improved!

We are also (mostly) sticking to our allowance - essentially $100 per month deposited into our personal checking accounts. We use this for any "extra" expenses, for example: Mark's poker money, lunches that we eat out during the work week, any random and unnecessary shopping purchases I may make, etc. Someone, *cough* Markwhoeatslunchoutalllllthetime is having a bit of trouble keeping within the $100, but I hope that the "allowance" concept will help both of us to realize just how much "extra" and unnecessary money we are spending individually and encourage use to come up with a way to cut back some on these "extra" expenses.

I do have to give Mark props because he historically struggles with budgets, but he's doing a VERY good job of putting forth effort to keep within the budget that we have agreed to. Great job, Honey!

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