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Making a lot of progress!

December 31st, 2006 at 04:41 pm

December has been an interesting month. DH has really been trying to help by working extra whenever he could. It really paid off. In the past two months we've:
(1) Paid for my winter and spring sessions of school without using any more student loans
(2) Reduced our grocery bill down to $275.20 last month. Still have a little ways to go. I think we can get it down to $200.
(3) Made progress on our debt (We have a mortgage and my student loans -- no credit cards or car loans):
Mortgage down from 96,111 (Nov 1st) to 95,083
Student loans down from 36,850 (Nov 1st) to 35,961.
(4) Started rebuilding our emergency fund up to $450.
(5) Limited "errands" and nonessential gas/automobile trips to once every two weeks or hiking on weekends (a necessary sanity).

For January, I am going to try to:
(1) add $100 to our emergency fund.
(2) Reduce our grocery bill some more
(3) Budget some money for "fun" expenses. The last two months we haven't spent anything. It helped a little to bring down what we owe, but we each need some money for "spending."
(4) Say no to anything people want us to "do." There's always a charity "event" at school or people wanting to "get together." I don't enjoy these and it's really just not worth my time or money.
(5) Try to find some additional ways to cut expenses. This is really getting hard to do. I feel like we are almost down to the barest essentials. I can't turn down the thermostat any lower. I'm going to try to see if there's any more ways we can "insulate" the house. There's really no way to cut: auto expenses, pet expenses.

1 Responses to “Making a lot of progress!”

  1. Amber Says:

    Way to go on meeting your goals for this year and I am sure you will for 2007 Happy New Year

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