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Latest Update

October 22nd, 2014 at 05:02 am

Hi Everyone!

I haven't updated lately. I went on a business trip last week and put all my expenses on my rewards card and expect to be reimbused on Friday. With that debt sitting on my credit card though, it makes my credit card debt look slightly inflated.

I entered the amount that I expected to get back from my reimbursement into my YNAB register and used it to pay off that money that I spent. So when I do get the reimbursement, I'll send it all straight to the credit card.

DH also got his tooth taken care of, so that took about $400, which I had expected and budgeted. I told him that I'll be setting aside $50 each month for the dentist going forward, so he'll just have to wait until we have enough to do the next tooth. He's more interested in paying off our credit card debt right now as well, so at least we're on the same page.

His school tuition payment came out for $1 more than I had budgeted (my mistake, it came out for the same exact amount last month, so just an oversight on my part), so I took that $1 from his school books and moved it there. Not a big deal. Sometimes those things just happen.

Friday Update

October 3rd, 2014 at 04:45 am

I do an update to keep myself accountable every Friday with my sister, who is also working towards paying off her debt.

Here's the difference between this week and last:

Credit card debt last week: $6785
Credit Card Debt this week: $6499
Difference:$286

Savings last week: $1000
Savings this week: $1025
Difference: $25

Car#1 last week: $7,586
Car#1 this week: $7,417
Difference: $169

Car#2 last week: $11,383
Car#2 this week: $11,144
Difference: $239

Student Loans aren't being paid just yet, so they're just accruing interest. I'll get to them eventually, but they aren't on my list of priorities at the moment.

But it was a great week. We expect some more income from the rental car place, so that'll be helpful going forward this month since this was all I budgeted for debt payoff.

September

September 26th, 2014 at 06:06 am

Here's my recap on September:

Wins
-Eliminated $467.58 in debt
-Added $392 to savings
-Paying cash for groceries

Learning Experiences
-$400 is a little bit too much for groceries if we're shopping knowledgeably
-Paying cash for those groceries made a huge difference on my thought process of what I could afford
-We don't make $3800 a month, we make closer to $3600
-We pay $20 more for TV a month than I thought we did
-My husband's toll pass comes out every 4 months or so
-I realized all these things a little too late in the month to make any real changes to the budget. I trimmed where I could, but at the end of it, we only have $10 in checking to close out the month.
-We spend more on gas than I thought.

Changes for October
1. Grocery budget is reduced by $40 to $360 ($90 a week)
2. Not adding anymore to savings while we pay down our credit cards
3. Extra paycheck month
4. We're using the extra paychecks to help fund our honeymoon in December(too late to cancel now, though I considered it)


I can't wait for October to start. I've updated my numbers for the end of September since I do a weekly update every Friday. I know that I've tweaked the budget for October based on what I learned this month. Either way, we made some really great strides this month and I'm very proud of us.