Tweet
So I blew on here a week ago asking what I thought was a simple question. Learned how dumb I was and dove into fixing things up. The help I received has allowed me to get religion and take a different approach to saving, spending and money in general. I had no real plan for 2014 other than to pay some debt and spend the rest. Now, I will pay all debt except the house, set up a monthly allotment to save for the non-monthly expenses (used to just go on a CC). I also cut $12,792 out of the annual budget. Here's what happened (the numbers are money left over at the end of each month):
Hope it lets me post images. If not, then I'll do it later.
Jan and Feb are still dramatically negative because I am still carrying all the debt. That all gets paid off at the end of Feb. Dramatic swing from $39,000 overspent to $1,495 underspent. That $1,495 isn't a lot, but it makes me feel a lot better. Let's hope I can stick to the plan.
Thanks for the help and continued support.
Tom
Hope it lets me post images. If not, then I'll do it later.
Jan and Feb are still dramatically negative because I am still carrying all the debt. That all gets paid off at the end of Feb. Dramatic swing from $39,000 overspent to $1,495 underspent. That $1,495 isn't a lot, but it makes me feel a lot better. Let's hope I can stick to the plan.
Thanks for the help and continued support.
Tom
Feels good to be more in control doesn't it? Think of it this way: +$1495 doesn't seem like a lot, but multiply that habit by a lifetime versus any negative number, and you're in the running for true wealth and being able to truly afford more meaningful experiences.
Comment