We are a military family living in Northwest Pennsylvania. I am a stay at home mom with three children. I feel like we have always been smart with our money but upon really looking at the numbers I realized we were not. I thought I could start this blog to get ourselves out of debt. So, there are many budget blogs but this is really to get myself motivated to get it done. I turn 30 on December 16th 2011. That gives me less than a year and a half to get out of our debt hole.
As of right now we are $14,736.05 in credit card debt. This does not include our car loan of $19,788.41. Nor does it include our mortgage of $129,576.95. These two will have to wait, I am pretty sure we will not be able to include these in our 16 month goal. It's okay we will get there.
At the end of every month I would like to have a zero based budget designed for the following month. I would also like to have each debt listed by creditor.
I would also like to have a weekly update of budget vs. spending. This is no longer the case, it is very time consuming.
August as far as I am concerned was our jumping off point. Since we had been spending money that wasn't actually for that pay period, I wanted to start off with a clean slate and make sure we weren't dipping into September monies.
- Month specific budgets
- Save $1000 for emergency fund Check, accomplished this in October.
Weekly updates of budget vs. spending
- Pay for all the stuff we already bought
- Save before we spend