About Me

My husband and I will be married 13 years this year and we have four children, ages 7,6,4 and 1. I graduated in December 2009 with my degree in Personal Financial Planning from KSU and my husband and I have started our journey to become debt free and take control of our finances. I feel I need to accomplish this goal personally before I can successfully lead others in the same direction.

My husband is in the Navy which has afforded us the opportunity to live in many places across the U.S. We are currently Connecticut and are heading West in March.

I started this blog as another way to hold myself accountable for my financial actions.

Our Total Debt:

Month Total
09/01/09 $103702
10/01/09 $101314
11/01/09 $98,803
12/01/09 $97,480
01/01/09 $96,038
02/01/10 $92,305
03/01/10 $90,162
04/01/10 $89,633
05/01/10 $87,808
06/01/10 $79,838
07/01/10 $77,342
05/01/11 $62,451
06/01/11 $52,537
07/01/11 $34,045
01/01/12 $34,509

Budget month one thoughts

October 3rd, 2009 at 08:34 am

Well, it was harder than I thought but we made it through the first month. Food was still the biggest budget buster for the month. We also went a little over in our clothing budget. We just moved to Colorado and it got colder sooner than I thought it would so we had to get the kids winter coats. We have made some adjustments to the budget and have posted a new version. Any excess money will go directly towards debt. We still paid off $2388 in debt. Hopefully October we will be able to do a little more. We did receive our final travel claim money for our move which was a little under $1000 which we put towards debt.

Posted in Personal Finance | 4 Comments »

4 Responses to “Budget month one thoughts”

creditcardfree Says:
October 3rd, 2009 at 08:38 am

Congrats on paying off a chunk of debt!!
leahb Says:
October 3rd, 2009 at 08:48 am

Thanks!
homebody Says:
October 3rd, 2009 at 04:15 pm

That is a huge amount to pay off! Great job. My daughter stays home too. Her husband deploys again in late March/early April.
Jerry Says:
October 30th, 2009 at 02:43 pm

The good thing is that the warm clothes are insurance against the colder weather later, so you won't need to buy things again right away. So glad you were able to make a debt payment like that! It has to lead to such a great feeling of progress...
Jerry

Personal Finance Blog

Getting out from underneath our debt, one day at a time

Budget month one thoughts

4 Responses to “Budget month one thoughts”

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