I mentioned in our previous post about our BUDGET...so I"m going to go into more detail about our budget and how we "Live like no one else, so later we can live like no one else" as Dave Ramsey says...
So I"m going to give you some back story...both my hubby and I are savers...we love thrift stores, clearance section, yard sales and just saving money...we have always had savings accounts, so when we got married...we both came into the marriage with no debt (THANK GOD)...we were in the USAF at the time, and saved a good bit before we got out (that ALL when into our house...a new electrical and heating system...FUN FUN...so no decorating and making it very homey...still working on that...8 years later...another blog post)...
Let me say, just because we both have always been savers...doesn't mean we don't struggle or haven't struggled in the past...in January 2009, we only had a small amount in our account and we went into a restaurant, we were the only ones in this local spot and the server was like are ya'll okay... and my hubby said..."We are totally trusting God...we don't have much and we didn't know where the next was coming, so we decided to trust Him completely and have our "last meal"....it might sound CRAZY and at the moment, it does to me, but at the moment, we totally TRUSTED God to help us! (Don't get me wrong, we both have wonderful family that would help us, but we try to do it all on our own...)
In December 2011, we were we both working...making it to get by...struggling like crazy...on the SAME day, both of our cars DIED...so we were already looking into a vehicle because we had a 1 year old and knew we would want more children later...that day, we went into MAJOR debt getting a used vehicle...IN JANUARY 2012, we took Dave Ramsey's FINANCIAL PEACE class and our lives CHANGED forever!!!...
With our bank, we are allowed to set up multiple accounts (as many as we want...thank you USAA!)
1. We created a Bills Account...my hubby gets paid weekly...each week, we put his paycheck into this account. I have a spreadsheet created to show the bills for the week, so I open that account and see how much we need for the week for the bills...we leave that amount needed in this account
2. Next, we created a Food & Fun Account...we move any money left over from the Bills account to this account. (I'm debating to split this account to better manage this account)
3. Third, we created a Gas Account...we put our budgeted amount into this each week...
We have a debit card for each of these accounts...so essentially we have a "cash" system...
We are still paying off our van...hopefully, we will get this paid off next year...the payoff is Dec 2017...so we we will pay it off EARLY! : )
Any questions, please ask...
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