Well, January didn't go as planned. We went overbudget again, largely in part to a water heater leak that cost over $200 to fix. However, I am proud to say that we did not use a credit card one time in January. Actually, we have not charged anything in 2008 to date! That is a huge victory for us, although it should be how everyone normally pays for things. We also saved up the entire $1000 for our emergency fund. No Credit Card use and an Emergency Fund in 1 month! That's just awesome. My husband's higher salary definitely helped with that one, it is also helping with some unexpected medical expenses this month.
We've paid back about $500 of our debt, and have not made any more debt this year. We're still trying to look at ways to save more money and pay back the debt faster. We only owe about $300 on the car, and it would be wonderful to own that 13-year-old car. Although, it does need at least $500 in repairs to make it road-worthy again. We're thinking about donating it after we own it, if we can get by with just one car. Now that my husband works from home, we may be able to do just that- and save on auto insurance too!
I will update again next month, or sooner if we can pay off that car loan.
Saturday, February 9, 2008
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