Hi ladies! Sounds like there's a lot of progress being made here! January was our first "Dave" month and our budget was . . . busted.
We failed to plan for some specific things we knew were coming--ie, a visit from the MIL meant more running around, so our tight gasoline budget didn't work, and we got our last lawyer's bill for a few hundred, but it all worked out ok.
We're doing something just a little different than the strict Dave plan for our budget, but I found it on another Dave site and it works pretty well so far. We're doing "month ahead budgeting." I always have extra income the first of the year from holiday pay, overtime, etc so over a couple paychecks, it was enough to cover a month's expenses.
So, when we sat down to do February's budget, we were only allowed to count January's income (whatever was left.) As the paychecks come in this month, they will be set aside and then the total of those will go towards March's budget as income. Yes, we float the money for a month, but there's no question of which check a bill comes out of and it gives us the peace of mind of a slightly larger emergency fund. The envelopes are funded, the extra has been mailed off to the credit card company, and there was enough "extra" to catch up a couple of our sinking funds like car insurance (I get to mail off a check for the remaining three months tomorrow
) and our property insurance.
My only downer right now is that we have a HUGE tax return coming--not intentional, but a result of only working half the year but having taxes withheld at the normal rate AND an adoption tax credit. We don't, however, have a birth certificate for babe yet, nor a SSN, so we have to wait a few weeks until his tax ID number shows up so we can file. It irks me to know I'm paying the credit card company interest during that time because it will ALL be paid off as soon as the tax return arrives.
So--here's my status
BS#0 - already done
BS#1 - done + month ahead budgeting
BS#2 - approx $60k, aiming to get $36k done this year!
BS#3 - not there yet
BS#4 - Still contributing company match. Not willing to stop.
BS#5:- Nothing yet--babe is still young though, so we'll catch up!
BS#6:- Can't wait!