January was a great month for us! I am absolutely astounded at what we were able to accomplish. I do not know how we were able to do these things, I just know that God has truly blessed us!
I set a lot of goals for 2009, that included more than just our finances. I will include an update on the rest of my goals later this week.
Here are the financial goals that we set for 2009:
- A total of $4000 (including EF) in savings for health expenses, and vehicle/home maintence. Currently, we just have shortly over our $1000 emergeny fund (EF), but we hope to be able to finish this with our income taxes.
Bump up our contribution to our Christmas Club account. As of 2/16, this was accomplished! This will be such a relief when the end of the year comes.- Pay $17500 towards our debt. I know we can do this, but it sounded overwhelming to my husband, so I put it in perspective of a monthly payment to him. We had a lot of makeup to do from our December fiasco, so my "mini goal" for January's debt payment was $1050. I am overjoyed to say that we were able to pay $1315.57! This leaves us with just one debt payment (we have successfully paid off our lawn mower purchase) which is a GREAT feeling. This puts us ahead for February. My February "mini goal" is $1150, so I now only need to accomplish $884.43 to remain on track. A great feeling it is to come into this month ahead!
- Continue Couponing. I am, but I'm not. I've definitely slowed down a lot, but that is because my stockpile is already pretty big. And, there really hasn't been all that great of deals around for me to put all the effort into it.
To see how others are doing for their Financial Goals, visit Money Saving Mom.
How are you doing on your Financial Goals?
7 comments:
Great job!
That is AWESOME that you were able to put so much towards your debt and get ahead for February!!
We were able to pay $719 toward "bad" debt; save $30 out of grocery budget and $110 out of automobile gas budget. I have put those away for a possible summer vacation for our family. It gives me incentive to try hard to save money in these two areas.
You're ahead on savings.
That must be such a GREAT FEELING!
Jenny
I've been able to lower one of my medical bills by $100.
I will need to work on our savings, starting this month.
As for grocery shopping I figure our monthly budget should be $600.
Wow, what a great job! January started off a little rocky but we ended up doing pretty good. We saved on going out with a bar tab and dining out. In the last two weeks of the month, only spent $25 on groceries! Since I had a trip planned for the first week of Feb, I wasn't able to put away anything or pay off debt, but looking forward to this month! Goal for February (without tax money) is $100 in savings plus pay off medical debt!
Good for you! Way to keep moving...and being ahead is always a great feeling! We are striving for being debt-free (except the house, of course) next month. Keep clipping those coupons! Pennies do add up. We tend to spend a lot on food so I was able to save a TON of money last month by taking full inventory of the freezer/fridge/pantry situations and challenging myself to make an entire week's worth of meals from what was on hand. I loved the challenge and the extra money was exciting. I did purchase some items like fruit, bread and eggs.
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