We've always tap into our savings every December. We've spent anywhere from $3000 our lowest in about a decade to about $5000 last year; excluding food, utilities, gas, and entertainment. It seems like December’s expenses just keep going up every year. This time, we are highly motivated to stick to the budget.
Our family has gone to a complete transformation using DR's zero based budgeting. We are debt free except our mortgage. We paid off about $24K in debt this year and sold my car (bought a beater). We became a huge supporter of DR’s principle. This will be our first year of implementing this budget. Our goal is to Cash Flow December’s expenses without tapping into our savings (except for Emergency). November’s budget is complete.
While we are putting together the budget for December, eliminating all other discretionary spending, entertainment, saving contributions, extra mortgage payment, and food budget at bare minimum. We reduced our monthly expenses like car insurance, cable/internet, and iPhone with AT&T combined monthly savings of about $200, or $2400 a year.
Our daughter is turning 10 in December, we list a budget of $500 for her, Christmas $2500, and property tax due $1500 a total of $4500.
I guess, my question to you all what steps have you taken to afford December’s expenses without tapping into your savings?
Our family has gone to a complete transformation using DR's zero based budgeting. We are debt free except our mortgage. We paid off about $24K in debt this year and sold my car (bought a beater). We became a huge supporter of DR’s principle. This will be our first year of implementing this budget. Our goal is to Cash Flow December’s expenses without tapping into our savings (except for Emergency). November’s budget is complete.
While we are putting together the budget for December, eliminating all other discretionary spending, entertainment, saving contributions, extra mortgage payment, and food budget at bare minimum. We reduced our monthly expenses like car insurance, cable/internet, and iPhone with AT&T combined monthly savings of about $200, or $2400 a year.
Our daughter is turning 10 in December, we list a budget of $500 for her, Christmas $2500, and property tax due $1500 a total of $4500.
I guess, my question to you all what steps have you taken to afford December’s expenses without tapping into your savings?
Comment