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How we are Using our Misc Money

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As you know, we are going hardcore on a tight budget for the next few months as we work toward living on last month’s income and a July payoff date for consumer debt.  But that doesn’t mean we don’t have some fun planned.  If you will recall, we played hooky from life last May to attend the twin’s homeschool prom and enjoy a mini-vacation at Great Wolf Lodge here locally.  As we as a family discussed what the new budget would mean over the next few months and then on past the July date, we were all very clear that we wanted to attend this event again.  But we were all aware that we would need to plan for it ahead of time to stick to our budget and be able to do all the things we want to do.

So we’ve taken a vote and all the budget Misc money for April and May will go to that event, primarily the cost of the hotel, extra food and dog care.  The twins have already purchased their tickets with their own money – proud mama here.    I was able to reserve the room and pay for the first night with the remaining monies from the Kid’s Activities money.

So we are all excited and looking forward to a mini-vacation.  But that does mean is that for the next two months, we have no play money at all. It’s going to be interesting how the kids handle this, okay, how I handle this.  But I think it’s going to be a great exercise for us all.

And most exciting to me is that if we are able to do this, stick to it…at the end of May, I will be down to one consumer debt….ONE…and living on last month’s income!

It’s Hard Saying No

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I suppose this is a financial win and a testament to just how much my self control and decision making has come, but I have to admit that it still makes me a little sad.  As I mentioned a week or so ago, we took a quick weekend trip up to DC for the VA Boys Gymnastics State meet.  Well, I am super proud to report that in almost every event Little Gymnast did one of the best routines I have seen him do AND as a result of his scores, qualified for the regional meet.

Regionals are just a couple of weeks away and would require a longer trip to participate.  Another meet fee, hotels, gas, food, etc.  So I made the very hard call to stay on budget and not go this year.  My reasoning….

  1. Stay on budget, stay on budget
  2. Debt payoff by July
  3. He’s only 9, he’ll have another chance

So we are not going, and I had to let him know this after it was announced at the gym that he made it, etc.  I think it broke his heart a little bit.  He works so hard at gymnastics and sacrifices so much.  But this mom stayed strong despite a reasonable amount of backlash from his disappointment.  (I think it was a good lesson to both of us in disappointment and appropriate ways to handle it.)

I know it’s the right decision financially.  And I will tell you now, that if he makes it next year, even if I still have student loan debt, we are going.  But I made a very hard choice and am proud of the financial implications it will have for us.