Monday 18 August 2014

Update - August Goals

Here is an update on my August Goals:

Stick to Our Budget: ½ half of August: FAIL

We took out $400 in cash from the first paycheck in August, thinking we were going to use the envelope system and split up the expenses. One thing lead to another, and the month flew by and the cash flew out of hubby’s wallet. The good news is, we only used the cash and we didn’t use credit cards, but the bad news is I have no idea where it went so I can’t tell how much money we spend eating out/groceries/ gas etc. New plan for the rest of the month is to only take out in cash the amount for our personal spending money (because I really don’t care to track it!) and track everything else through the debit account.

Here is the break down for the remainder of August:
Groceries - $159 (rounded to create a zero based budget)
Restaurant - $100
Gas - $200
Pets - $20 (just in case we need something, but I think we have enough food etc to last)

Pay off Credit Card #2: Still in progress – we look like we will be within a couple hundred of paying the $1540 off!

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