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Archive for January, 2016

Payday! February 2016 Budget Prep

January 29th, 2016 at 02:37 pm

I could not wait for today! It's so much fun to play around with our budget and to plug in actual numbers when we get paid. Since both DH and I get paid at the end of each month, today's paychecks have now funded our Feb budget.

Because our refinance in Jan caused us not to have a mortgage payment due in Feb, we are able to push that payment into our savings account this month Smile

I still have a buffer of $1200 that I need to find a "home" for. I like to keep a buffer for those unknown but expected expenses that will pop up during the month. For Feb, this will be for some medical bills that should be arriving anytime now (DH spent a week in the hospital in Jan). I have no idea how much of the $1200 will be needed for this or if I might need even more so we'll see. But, this works for now because I do mess with our budget everyday... always entering in adjustments and actual numbers. I guess it's just fun for me lol.

Hope everyone had a great fiscally fit January. I know we did in our household... I am looking forward to February 2016!

$105 Family Fitness monthly fee

January 27th, 2016 at 06:54 pm

So, hubby and I know that we need to exercise. He was told by his doctor at the beginning of January that he is borderline diabetic if he isn't careful. He was addicted to Mt. Dew and sugary sweets and for the past month, he's done very well and has stayed away from the sodas. We've always known that diabetes would be a concern for him since he has a family history of it but it took the doctor finally telling him this before he would "believe" it... he also needs to participate in cardio workouts daily. Hubby is by no means obese but he is about 20 lbs overweight. We have a treadmill and lots of various exercise dvds BUT we have come to the realization that we must get out of the house with a structured routine. Some people can just work out at home.... We don't think we are those people.

So, after a bit of research, the option we are leaning toward is joining a club that is about a mile away from our house. It offers the typical gym environment with the machines, etc.... but what we are looking forward to are the classes that are offered. Yoga, Pilates, Boot Camp, etc. The classes are offered at 5:30 daily so we can go after work (we WILL NOT get up early in the morning to workout). And, then there is a 10:00 class on Saturdays that we will attend as well. For a family membership, it will cost $105 a month. That will allow all 4 of us to use the gym at any time and take advantage of all the classes that they offer.

We've never joined a gym before as we always thought we could take care of things at home on the treadmill or using our dvds. We've not stuck with it nor have been consistent. There are just too many distractions at home (i.e. the couch and tv).

So, we think we'll sign up starting Feb 1 and just incorporate the $105 monthly fee into our monthly budget. My allowance was $100 a month and if nothing else, I'll just use that money toward this now... as I am embracing minimalism anyway and not in the mood to purchase anything at all.

January 2016 - Awesome month!!

January 26th, 2016 at 02:47 pm

Hey, guys. So, I've done a ton of work on the financial front this month.

Since Christmas, I have been on a minimalist kick. I've cleaned out drawers, cupboards, closets, and more. Bags and bags and more bags of clutter have been donated to Goodwill. No more frivolous shopping in this household.

And, I've also cleaned up our finances at the same time Smile In Dave Ramsey style......... WE ARE DEBT FREE except for the mortgage! The only debt we had was our car loan but I finally decided to pay that sucker off with our savings. We also refinanced our mortgage from an ARM to a 15 year fixed in January! The goal for us now is to save, save, save. We need to build back up our savings and to set aside funds for the upcoming college expenses (our oldest will be starting college in 2017).

So, January 2016 has been a busy month but a very fulfilling month. I have worked hard to rid our home of any clutter (physically and fiscally) and it feels awesome.