Monday, September 5, 2016

So what changes are we making?

The last few days I've talked about the Debt pickle we're in, how it happened and why we are trying so hard to get out of it. Today I wanted to just kind of go over the things we are doing to help remedy the situation.

We made a budget. We've "had" a budget before but it was pointless because we never used it. Laughable actually and a waste of paper. So we have a budget for September and so far ( a few days into the month) we are doing okay with it.

There are certain things we can't do anything about; like our childcare. Our son is 4 and has the most amazing babysitter ever. She watches him 4 days a week and my father in law watches him on Fridays. We have to pay her of course what she asks, which is comparable to day cares in our areas and she provides breakfast, lunch and snacks. She's just awesome. We'll pay her until Fall of 2017 when little man starts school...

We got rid of cable years ago, but right now have Netflix, Hulu and Amazon prime. Netflix I think we will keep and I've already paid for Amazon prime for about 9 more months (it's a yearly fee). I checking into cancelling Hulu though. That would save us 11.99 a month.

I've budgeted $450 a month for groceries with NO eating out. I haven't been to the store yet this month ( September) but will have to go soon. Although it wasn't too many years ago I was feeding our family on about $280 a month, but all the kids are bigger now and the costs have went up, so I think $450 is fine. Looking back we were spending at least $600 a month on groceries ( gulp) and between $100-$150 a month on eating out. We didn't even eat out much but with 5 of us, it added up quickly. The sad thing is that if you would ask me how much I am spending a month and I would probably have said oh about $400..... Man I was clueless.

So point being,now we have a plan. We know what we were spending and have ideas and thoughts on what to spend going forward. We also have a plan for saving for my tuition in the Spring which will be due in January and we won't have to put back for the summer since I'll be getting paid all summer now.. We'll need to build up some savings for other expenses like emergencies and such though.

Anyways, it feels good to have a plan. It feels okay to have a start.

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