This is only my second month on a budget! Last month did well with the support of the equivalent thread for October, so I'm back for more.
a. Who you are: Married WOH mom to 4 mo DS.
b. Where you are going (your financial goals) and: We want to have more time to spend with our growing family. Right now, we spend a lot of our time working to make "minimum payments" on debt (up until last month when we started our debt snowball). Right now we're learning a new way of living to pay down our debts and buy our freedom back.
c. How you plan to get there: Learning the difference between wants and needs; learning to be grateful for what we have and grateful for the possesions and things we aren't burdened with, also. On a practical level, this will be our second month on a written budget and paying down our debt with a DR type debt snowball. I'm also picking up a lot of OT/holiday pay this month to increase our contribution and get us off to a good start.
Goals for this month:
1. No unbudgeted spending, post here every day.
2. Hand laundry twice this month. Continuing indoor herb garden.
3. Meal planning every week. Last month was our first experiment with meal planning and we decided not to try to make it at all frugal (other than the decreased food waste and lack of impulse eating out); this month we're going to focus on cost containment.
4. Six OT shifts this month, with extra takehome pay going to student loans. Continue planned debt snowball.
5. In honor of Thanksgiving, identify one thing to be grateful for each day!
No spend/Budgeted spending
Legitimate unbudgeted spending
11/1: No spend! Worked extra OT shift last night. Grateful for getting to snuggle with DS when I got home.
11/2: No spend! Grateful for the wonderful ladies at our breastfeeding group.
11/3: Budgeted spending: $50 on new diaper covers to replace the ones being outgrown (it's pretty incredible how fast DS is growing). Took shuttle to save gas money. Landlord still hasn't turned on heat and won't return phone calls... the rumor is that the boiler is broken. Meanwhile, we're making do with a couple of space heaters, but our electric bill is probably going to be sky high this month. Part of me wants to call the Fair housing commission to report (especially given the fact that he's just blowing us off), but part of me wants to have a good relationship with the landlord... he hasn't raised rent in years, even though everything but electricity is included and energy prices have gone up so much. Opinions? Today grateful for a nice warm shuttlebus after walking there in the cold!
11/4: Budgeted spending: $5.50 for family lunch at food truck while doing everyone's doctors appointments today. Just got electricity bill (counting winter storm part of the two space heater thing)... twice as much as this time last year!!! luckily I overbudgeted that, so we're still under budget, but still. At least the heat for the building as finally been turned on! Which is what I'm grateful for... a nice, cozy apartment! Also, did hand laundry (phew!).
11/5 7.75 on subway tokens (budgeted). Grateful for the baby reminding me I have to slow down.
11/6 Budgeted grocery shoping. Grateful for our new parish priest.
11/7 No spend! Grateful for the wonderful ladies at work, who I can run ideas by and not worry about being shot down if they're still in process.
Edited by AnkaJones - 11/8/11 at 6:01am