well i really don't know the whole story about this or the abbreviations your useing but i get the idea. i think zero budgeting is that you budget even the smallest $20 take out meal so you know where every penny goes?
Well I guess we are doing pretty well. I am very surprised actually and wondering WTH happened...we bought a house and i SWEAR that we would be pinched every month but i feel like we have so much MORE money than we did living on base!?? crazy but true.
1- up to date on bills CHECK!
2- Emergeny fund *see below
i still have $3000 from our tax refund which is partially earmarked:
$1k landscaping for our NEW house
$1k For savings???
$500 new clothes for me and kids
ok so technically i have 900 in the savings account right now but $400 goes to the mortgage (we get a split paycheck so its not like i am relieing on my savings...15th paycheck i put in $550 and only need about $400). it seemed like i had earmarked all of the money from our tax return but i guess we're ok!
we owe $7700 on dh's car and about $9800 on my car and then $153k or so on our mortgage. we pay off our cc every month so no debt there. dh DOES have a $400 bill on the star card but its all his purchases that he didn't want to tell me about so thats his responsibility and he said he's going to try and get some extra work to pay it off...
after bills, and a planned $100 savings we have approx $400 left every month and lately I have not been spending it all.
so whats the next step? i am supposed to put my extra $300 or so towards my car payments? dh's payment is technically higher than mine.
DH car $260 owe $7700 if paying off in 12 months would be $642/mo-$260/mo already budgeted= $382 needed/mo i could try and put my $200 extra and $100/mo savings towards that and have almost enough to pay it off in 1 year. is this a good idea? it would leave about $100 for ALL extras, eating out, clothes, extra gas or trips, etc.
TIA and will be back!