Had another "conversation" with my husband about the budget today. This time I tried it from the "we have different priorities" lets help each other out method. It wasn't completely successful but he said that he's going to spend less. He still wants NOTHING to do with the budget but we agreed that I'll give him some cash at the beginning of each week (whatever amount he asks for) and that's all he's going to spend. I'm hopeful.
So far I've paid down almost 5% of the credit card debt in just two months. 5% isn't that much but for some reason it sounds absolutely wonderful to me.
It's almost been one entire month since I used the overdraft. That doesn't sound like much but I'll tell you what it's a HUGE accomplishment for me. GO ME!
I'm not going to start goal number six: building up a tiny emergency fund, until that darn Chase card is paid off. That right now is thee priority. I've got it down to $1600 and I haven't bought a single cup of coffee for over a week. I can do this.
In other good news I just received 0% balance transfer checks from one of our cards. I haven't seen a 0% rate in years! The 0% is good for a year and after it expires the interest rate won't be any higher than any of our cards currently are. I've applied the 0% to one of our credit cards and I can proudly say that after starting this year with 8 credit cards, 9 if you include the overdraft visa we're now down to 6. I could not be happier! We're going to save SOOOO much on interest with that one move alone. It's moments like these that I can honestly say this debt elimination thing is kind of fun.
The budget for months one and two is officially BALANCED! I've decided that I'm going to go all out cash envelope from now on. Scary, I know. I'm going to take out my $84 at the beginning of the week, put $14 in the future purchases envelope (or directly towards a bigish purchase like the dog food we need this week) and the rest goes towards spending.
The only downer I have to report is that I've been racking my brain on ways to save money and earn extra money and I am not coming up with anything. I'd honestly like to pay off $10,000 in credit card debt this year. That is my goal. It's a VERY ambitious goal and it's going to take a lot extra effort but the creative juices aren't flowing. Just reigning in our spending isn't going to get us there. The only thing I can think of is getting a Saturday morning job but I haven't the slightest idea who'd hire me just to work Saturday mornings???
All things considered I'm very happy with months one and two and I'm pretty sure it's nothing but up hill from here. Again, thanks for reading!!!
P.S. if you're a praying individual could you join me in praying for good steady gas prices. They've been predicting $11 a gal. average by spring because of the middle east turmoil and unfortunately prices like that will shut down this country. $11 a gal or even $6 or $7 means death to debt elimination and so much more.