Budget
It has been about a month since I posted on my quest for financial freedom and about two months since I started my budget... I have to say it is going better then I expected. I have been able to pay off 2 credit cards (low balances) and move those payments to the next highest one on the list. I have also started treating the money I need to pay property taxes as a revolving monthly payment due and putting in my savings account. I see no reason not to make a little interest off money I have to pay the government. I am still working on my Emergency Fund... This seems to be the hardest to get started. I think once I pay off a couple more cards it will be easier to contribute.
With Holidays coming so soon after my decision to become fiscally responsible, I am glad to report that with the help of my very loving and infinitely patient wife we have agreed to not over spend and adjusted our Christmas list accordingly. This means only spending money on the kid, niece and nephew this year (sorry Grandpa) and asking that the family not spend anything on me. While I give the only thing I have.. my time to help with home related projects. By this time next year I expect that I will have a tidy little sum in place for gift giving. Yes, it is marked as a revolving monthly payment (% of yearly take home divided by 12) in my budget to be activated after my Emergency Fund gets to a certain balance. Wish me luck... I will need it.
By the way for whatever reason I did not include a link to a page that I found most helpful in starting my budget it is The Financial Page Created and maintained by Keith Rawlinson. Please, if you have a few minutes, stop by his site, it will be well worth your time. It has saved me several hundred dollars already!
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