Ugh...I just did our bills since it's payday today. Somehow I was hoping to add $300 to the EF out of this check but it looks like it'll be nothing. Looking at last month we spent almost $800 on groceries (budget only $600) and $120 on eaing out (budget $50). Plus there were some expenses that didn't really fit into the budget because they weren't expected (auto license renewal increased by $30 per year, dh boat registration renewal another $30).
AND it's both our birthday's this coming week but I guess there won't be much in the way of celebration. I just comfort myself by thinking that since we're just starting it's hard and next year we'll be in a better place hopefully and able to spend some on treats.
I need to rethink how to deal with the food amount as well as the unexpected things that come up. Right now at the start it's just so hard becuse there's no wiggle room, no time to budget and save up for those things that come up. It's frustrating. But on a positive note, since we started up our retirement contributions again, our account has increased by $1000 just in the last month so that's nice considering the crazy stock market.
So here's my update and I removed the last few steps because it's just too overwhelming to think about it all at once.
0-- Get current on bills : always done
1 -- $1,000 to start an Emergency Fund : done *just transferred it to an ING account so it's harder to get at too :-)
2 -- Pay off all debt using the Debt Snowball : $29K in student loans at 7.5%
3 -- Three to six months of expenses in savings : $150 so far - doing this before paying off BS2
4 -- Invest 15 percent of household income into Roth IRAs and pre-tax retirement : currently invest 5% plus get matching 5%
short re-intro: 33 (will be 34 on Sun.
) SAHM for the past 10.5 years to two dd's, married 11.5 years, trying to get control of our finances for the first time and it's HARD! I'm so glad to have this support here!