I posted in December here what our goals were for this year. Well, I’m happy to say that today was another highlight for us…we just received the title to our car! 🙂 Yup, our car is paid off! Wahoo! Goal #1 done. Moving on to Goal #2, saving six months expenses in an emergency fund.
This is going to be a tough step. For many months now, we’ve been enjoying the little victories of watching our bills get paid off one-by-one. This next step is going to take awhile to accomplish. This is why Dave Ramsey suggests to everyone that you start off paying off your smallest bills first. You see yourself fulfilling goals and it’s the pat on the back that you need to keep going.
So now, more than ever, we are going to have to stick to our budget. We have a good start on our emergency fund with our tax money. Rich and I did decide to take a part of it and stock up on a meat sale and the Walgreens Huggies deal. These are HUGE contributors to our grocery/household budget. So stocking up on the cheap sales now are going to save us so much over the next few months. Much more than the interest a savings account could. Sometimes, you have to analyze what is best in the long-run.
What I love about budgeting is that it really opens the lines of communication between me and my husband. We talk freely about expenses. We carefully watch to make sure we don’t overspend. And when things need to be re-budgeted, we discuss them together. If we both don’t agree, then it doesn’t happen! Who knew NOT spending could bring people closer? (All of you who deal find do!) 🙂
For those of you who haven’t checked out Dave Ramsey’s The Total Money Makeover: A Proven Plan for Financial Fitness, it’s well worth it to pick it up! You might find that it will change your life, too! Pretty soon you will see your debt disappear and be able to feel a sense of freedom…free from the debt burden!