So today we sat down with my husband and decide to discuss our financial situation. It is in horrible state right now. He had bad month and was not bringing much needed money, unfortunately because of that we have outstanding bills, which need to be addressed.
But we decide that for month of January we are in non spending band. Only the items can be bought is food, gas for car, food for cat(we out, otherwise I would not even buy that) and bills. Also we decide to participate in 52 weeks challenge and 365 day challenge multiple twice. 52 weeks challenge would be great for emergency fund and 365 day for kids birthdays and Christmas presents.
So here:
January, 1st $0.01 for E, $0.01 for D.
Food budget is $350.00
Tomorrow I will sit down and will do budget for January. Yikes. I don't want to even know how much we own.
Let's the year begin.
January 2nd, 2014 at 06:57 am
January 2nd, 2014 at 03:23 pm 1388676198
I encourage you to make a list of your debts so you know where you stand. It is better to know than to be in the dark.
January 2nd, 2014 at 04:11 pm 1388679093
Welcome! I look forward to following your journey to home ownership! I'm a SAHM, also, to five kiddos. DH is on the brink of unemployment, and is moving forward on a career change! I'd encourage you to have as clear a picture of your finances as possible when planning. It does make a world of difference in the things you can accomplish. And small, manageable goals can definitely move you in the right direction and help gain momentum!
January 2nd, 2014 at 06:06 pm 1388686009
If you're comfortable sharing your figures, I hope you'll join us on the SA Forum. Those experienced participants make suggestions that have potential to get you through the process efficiently. Sometimes it's a matter of short term pain for long term gain to clear outstanding bills.