I still can't get over the response from my debt post last week and the comments are still rolling in. Most of you said you would be interested in me sharing what I am doing and what works. Obviously I don't know what works yet because I am just getting started but as promised per May 1, I am buckling down and getting real. Here are my first plans of action:
ONE: KEEP TRACK OF ALL EXPENSES/
Confession, I never balance our checkbook or keep up with receipts. I occasionally check our bank account once a week to view the balance. Totally irresponsible. Another confession, I am not sure how much debt we have exactly. I have a ballpark idea but I avoid looking at the credit card balances- out of sight out of mind used to be my mentally. So for this first month I am going to write down all our household expenses and all our credit card debt to see what we are spending a month. I am also going to write down every single purchase I make to see where the money goes.
I bought this 3 ring binder at Target to help me get organized and keep track of this stuff- because doesn't cute stuff help you stay organized too:) The little dots make me happy everytime I look at them.
TWO: USE NO CREDIT CARDS
We are actually one month down on this part we used no credit cards last month and hope we can continue this so we can pay them down.
THREE: READ DAVE RAMSEY TOTAL MONEY MAKEOVER
Meg who works with Dave Ramsey was sweet enough to mail me the Total Money Makeover this week. I started reading it last night and it is pretty eye opening. It is filled with so many personal experiences from other families that are so inspiring. There are so many people way worse off than us that accomplished his plan and are now debt free. I want to finish reading it and try to follow his rules.
They were also kind enough to send Sterling three piggy banks- one for saving, one for spending, and one for giving so he can learn early. Such a great idea. He absolutely loved them and spent alot of time yesterday filling them up. His favorite one was the "Save" one, so not like his Mama:)
Nothing too crazy for my first month, I think all of this is pretty doable. I will report back next month. I am thinking maybe once a month I will share what is working unless ya'll get bored with it.
Cinco de Mayo is this weekend and it is one of my favorite Holidays because duh, I love Mexican Food and tequila. These two recipes I saw floating on Pinterest need to happen. Of course they both need to be served with a side of straight tequila. Who needs margaritas I just want the tequila!
We have such a fun weekend ahead. My sister and her husband are in town with my nephew- its his first trip to Charleston at one month old! Can't wait to snuggle with him all weekend.
and Happy almost Birthday to this beautiful baby, Taylor. I feel like it was just yesterday Caycee had her. We will be celebrating that sweet face at a party tomorrow that I know will be over the top fabulous because Caycee has been planning it for months now! Girl loves to throw a party.