Monday, August 3, 2009

Financial Goals Update: July

1. Save 3 months living expenses by December 31.Yay!! We reached this goal 5 months early!! It's wonderful knowing that we have an emergency fund that is fully funded!!

2. Pay $3,000 towards our "small loan".We completely paid off this loan!! :)

3. Make an extra principal payment every month. This month we finally started doing this!! 60% of my last paycheck went towards it and the money from John David's paycheck that has been going towards the Emergency fund was used too! Yay!!

4. Keep all Miscellaneous spending (Medicine, Toiletries, Clothing, Gifts, everything but food) under $100 a month.We kept it under $100 again! Yay!

5. Sell $500 worth of stuff from around our home by July 31. We sold 1 item in July and made a couple dollars. This goal was not reached on July 31, however we are going to continue to try to sell as much unwanted stuff in hopes that by December 31 we can say we reached the goal of $500!!

4 comments:

K_dubzzz said...

Your transparency is so appreciated. Sharing your goals not only encourages others but also holds you accountable. I love that you all are making such great progress! I hope to learn more from your example.

Alea said...

Wow, you are doing great!

It took my husband and I several years to get on the same page financially, because we just didn't do a very good job communicating and we did not have agreed upon goals.

Christa said...

This is very inspiring to others who are working on the same goals! Thanks for sharing!

Phoebe @ Cents to Get Debt Free said...

You are doing awesome!! I bet it feels great to have 3 months funded-I can't wait for that day. :)

Thank you for sharing your journey!