Am I ever glad that 2016 is over! Those last few weeks were absolutely brutal!
Now that things have settled down between the flood and the death in our family, I feel like I can finally get past just surviving, and can start thriving! As part of thriving, I have been rereading several of the wonderful comments from readers and I am readjusting my plans in regards to budgeting, savings and debt reduction.
I am starting from square one.
As a result of all that we have been through the last few weeks, our savings have been nearly demolished, so I am going to go back to basics in many ways. I think this will also help hubby have a better idea of where the money really goes, and I am hoping it will also help me with the emotional aspect of spending. My goals for January include:
–Tracking every penny spent this month in order to create an accurate budget. Luckily, our credit union just rolled out a free money tracking and budgeting program for members, so hopefully it will be relatively painless.
–Find ways to increase income
–Decrease outgoing costs
–Pay for an upcoming trip for a wedding with “found” money…or stay home! I already got a start on this by selling a rocking chair we no longer used on a facebook classifieds site.
The thing that is still up in the air is how I should tackle the dwindling emergency fund. We have $200 a month transferred to savings automatically by hubby’s employer. Should I just let that accumulate naturally over time or should I push to get an emergency fund built before tackling the debt head on? What are your thoughts?