We are bad with our money. REALLY bad. We have been doing really good over the past year at paying off our debt (about $10,000 so far) but only because we have sold things (the four wheeler) or put any extra money we get toward it (tax return, Christmas money, etc) We haven’t really
We are putting a stop to that now though. Killing off the proverbial money tree. This weekend, we opened up another account, where all of my paychecks along with anything extra my husband gets from side jobs or the fire department will be deposited from now on. It’s a small credit union, where there aren’t 50,000 ATM’s on every corner of the street, so access to said account will be somewhat of a pain – we chose to forgo the check cards that come with it for even harder access.
The point of all of this is to throw ourselves into the water, without really worrying too much about drowning. We will see how we can manage to live off of my husband’s income alone, and find out how creative we can really get with our money. So far we barely make it with both of our incomes, even though the budget says we don’t really need mine. This is going to be a great test. The other benefit of us doing this, is that while my money sits there, untouched, it will continue to build and give us a nice cushion for when I quit working in July for a few months, and hopefully sit there until I need it for Nursing School next Spring.
So wish us luck! I am really hoping that we can manage this and not give in.
Oh and if you have any hints about how we can curb our spending and save some money, bring em’ on! I would love to hear your ideas.