Week (Nov 29 – Dec 5)
This week was the second week I consciously spent every dollar on paper, ermmm, computer screen I mean, before I received my pay. In one of my last posts I wrote that I started reading one of Dave Ramsey’s books and in another post I mentioned that I’m now following his plan to become debt-free. While I have always planned my bills in my day planner I hadn’t actually taken my total pay and spent every penny on paper before aka a concrete budget.
Combining my new plans with the spending reports I have been posting for the past 6 weeks is having a marked difference on my spending. It’s not that I don’t spend but rather that I know my limits, don’t impulse buy and I’m not afraid to spend a certain dollar amount on a gift because for once, the money is there in my bank account and I do not have to rely on my credit-card any longer to cover any shortages. (And, the money is now budgeted, if it’s not budgeted I need to take a close look to see if it fits and if it doesn’t I’ll have to wait – more on that later this
Yes, I can officially say I am D-O-N-E with that credit-card. I am living within my means and have over the past two months built up a total of $1100 in savings. I am still running the paycheque-to-paycheque treadmill but I believe that in another good three months I may be able to survive one missed cheque… Improvement is improvement at any rate! 🙂
Anyway, for this week there will be NO spending report. This is NOT because I haven’t kept track of my spending but rather that I have switched to a desktop computer program for my budget and will be keeping track of my spending there. This week was also quite busy so I haven’t had the time to record all the transactions for the blog and doing it twice would simply be too time consuming!
All is well though, I stayed within my limits and stuck to the budget! I will be writing a post about the program I chose and the hows and whys of course and will probably replace the weekly spending posts with a monthly or bi-weekly budget update to keep that accountability thing going.
Speaking of budget programs, I am curious what type of program (if any) you guys use?