Well, we did rather well sticking to our budget in September. I think I'm finally getting a handle on how the budget should work. On October 1st, we were able to put a couple thousand dollars toward paying off one credit card, bringing our total debt down to $17989. Not having the daycare expense is really helping, since now all of that money goes to paying off debt. We've paid off over 40% of our debt in 12 months- which makes me think we will reach our goal of having $0 in debt by Sept. 2010.
It is still difficult though, and there probably is more we can be doing to cut back and pay off debt faster. This month, I started clipping coupons vigorously. For the month of September, I kept track of my grocery store receipts- I recorded how much I spent, and how much was saved with rewards card savings and coupons. I saved 33% on groceries just by watching the sales closely and using coupons!
The goal now is to completely pay off our largest interest credit card by the end of 2008. We currently owe $2800 on that card...it will be so exciting when it is down to $0.
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