You know how Dave Ramsey tells you that Murphy will move in when you try to pay off debt? Boy, is he right! July was a tough month emotionally when it came to debt. But August was a doozy for bills!
With an eighth grader joining marching band this year, we were introduced to high school sized fees. Remember back when you couldn’t wait for the kids to leave diapers and formula because you would save so much money? Well it’s kinda like that all over again.
So we used one of our nice chunks of debt money to cover those bills instead. But we didn’t go into debt to cover these bills. And it didn’t leave us without food on our table. It simply backed our debt free date a little further down the calendar.
Inside: You must learn how to stop worrying about money, because life is so much more than hiding behind your current circumstances.
The cart was nearly full as I turned down the last aisle at the grocery store. I eyeballed the foods I had selected to feed our family, which were always carefully chosen to keep our budget down. But prices had been rising steadily for months. In fact, the cost of food seemed higher this trip than they were just a week ago.
Gas prices were through the roof and everyone I knew was struggling in one way or another. There was a recession. Plus I had just quit my job, lowering our income just as our third child was born. The timing wasn’t perfect.
As I pushed the cart along, I couldn’t help but wonder if the cost of food would continue to climb until we’d find ourselves unable to feed our small family. A terrible feeling washed over me, and I frantically dug through my purse, looking for my phone. As I called my sister, I knew I was having a heart attack.
I think it was the open window that did it.
My daughter and I were sitting down to play cards. (She’s becoming quite the card player at the age of 7. We may have a card shark on our hands!) It was a pretty hot day, so we were spending the afternoon inside.
We aren’t real big on air conditioning here. Our old drafty house doesn’t usually get too hot, so an open window or two is good enough for me and the kids.
But since Hubby spends his day in an air conditioned building and then rides home in an air conditioned car, the house doesn’t feel cozy to him when he finally gets home. So I try to turn on our window units and close up the house a little before he leaves the office.
On this day, I started the air and then did some chores. When I sat down to play cards and noticed that the window was still open, I closed my eyes and let out a big sigh.
Money was floating right out the window, and I had no one to blame but myself.
Inside: Why use a monthly budget when you’re paid every other week? This biweekly budget sheet will fit your life. But watch out for 3 mistakes that will bust it!
Are you struggling to find a budget that actually works? You know that setting up a budget is the best way to control your money. The problem is that most budget plans are set up a month at a time. Meanwhile, most of us are paid every other week. It doesn’t take a math degree to see that those numbers just don’t line up.
It’s tempting to just give up on the whole idea of budgeting. But don’t do that! There’s so much power in having a good budget. Once you’ve found the right set up, you’ll love the control you have over your little dollar bill workers.
Budgeting each paycheck as it comes in is an easy way to set yourself up for success. So let’s get rid of the idea of spreading 28 days worth of pay across 30 days of spending. This is the best way I’ve found to set up a budget you can actually stick with. As a bonus, it also makes those 3 paycheck months easier to factor into your money plan!
Happy July! Summer is in full swing, and life is finally calming down a bit. You may have noticed that there was no June check in on our goals. Whoops!
The truth is, life was absolutely crazy in all of May and a good chunk of June. But I did miss the accountability of this post, and I’m really happy to get back to it this month.
Inside: No one wants to have a life of regrets. So should you take a vacation if you’re in debt? Take this quiz to help you find the right balance.
When my family proposed that we take a vacation this year, I was immediately against it. A vacation right after such a successful #yearofno? We’d corrected our bad spending and were doing so well paying off debt. It didn’t make sense to postpone our debt free date so we could have a family vacation.
Then again, I’m a pretty boring person. I’ve always been the type to set goals and bend over backwards to reach them. And while my more playful husband aggravates me sometimes, his viewpoint is an important counterbalance to my own. It keeps me from missing out on the fun things in life, and I usually end up appreciating it in the long run.