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Beginning the New Year

January 2nd, 2007 at 04:24 pm

Ok, I admit, I was a little sad to see 2006 end. 2006 was a great year for our family... I can only hope that 2007 will be just the same. I'm going to be more accountable to myself via my blog about our daily spending, so each day I'll try to recap the previous day's spending.

Jan 1 - spent about $10 for an iPod accessory for DH (alternative would've been $35+). He got the thing for Christmas and he loves it. So, $10 off in the starting gates for the New Year. I guess it could've been much worse. I did get a PineCone check in the mail for $5 so that helps to offset the $10 a bit.

We got our Jan pay back on Dec. 20 so Jan is always a long month for us without getting a paycheck (next one is Jan 31). We have our annual life insurance premiums due in Jan so that's about $750 out the door for the monthly budget. I can't wait until we get paid again! Christmas ate up a lot of our funds but we had a great Holiday so I can't complain. I was thinking that we haven't added to any kind of credit card debt in nearly 5+ years ... wow! We do charge most everything but have been able to pay that balance off each month - I think that's an accomplishment to note and to remind myself of every once in a while. Smile

I'm thinking about starting the $20 challenge like many of you have done for the New Year. I'm hesitant because I just don't know if I will be able to keep it up and I hate failure - so best to avoid the potential, if you know what I mean. I wish I could save money like Ima and maybe Monkey's idea of a cash basis is the way I should go. When you accumulate your money in the challenge, do you just have it sitting in a separate account? I would want to use any extra found money to pay down my remaining car loan which has a current balance of around $7500. It just seems like it might be a bit much to keep up with this and that... not that I mind as I'm consumed by our personal finance but just another thing to muddle all my spreadsheets. Will keep thinking about it, though.

Hope everyone's 2007 is starting up with a great financial bang. Here's to a great successful, paying down debt, building up savings year for all of us!!

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