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Posts tagged with: allowance

Monthly Item Updates

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My numbers for April will go up this afternoon.  In the meantime, I thought I would just give some quick updates on other things that happened during my first month here on BAD:

  1. New Job – I’m on week three of my new part time job and it looks like I’ll average about 11 hours a week.  I haven’t received a paycheck yet but have set the direct deposit up to feed 50% into a new emergency fund and 50% into a checking account to go toward debt.  Needless to say, it will not be a lot, but every penny counts and I’m really enjoying this new schedule.
  2. No More Allowance – The kids have acclimated quickly to no longer getting a weekly allowance and almost daily ask for paid jobs.  I’ve been writing them on a big whiteboard we use for school stuff a couple of times a week and refusing to pay for poorly done jobs.  It’s a hit! (And right now, I’m paying out far less than previous allowance amounts and getting things done that would have otherwise languished or had to have been done by me.)
  3. No More Coke – I went cold turkey a little over a month ago and have not had a single sip of soda since.  The temptation has been strong but I’ve held out and am really proud of myself.
  4. Groceries, groceries, groceries – The kids continue to do our weekly shopping, feeding 5 for seven days on $100.  It’s still a struggle, but I see improvement on the quality of our food.  We still squeak to the end of the week with little that they want to eat, but that’s part of the lesson, I suppose.  In an effort to help with the “healthiness” of our meals, I have joined Relay Foods for weekly deliveries of fresh, locally grown produce. This will not only make sure we get some fresh veggies in our diet, but forces us to try new things, which we all need. *Note: the Relay Foods link is an affiliate link which if used, will give us credit toward some food.
  5. Dogs – We found a local teacher in training who is graciously house/dog sitting for us while we travel beginning at the end of next week. A big load off both my mind and my budget!
  6. Birthday Party – I have decided that we will not be having a birthday party this year.  I haven’t told the kids this yet, and the cost will not be wholly eliminated as I’m going to find something small but special to do for them.  In the end, I have decided that I just don’t have the mental/physical fortitude to take on a birthday party on a stringent budget this year.
  7. Emergency Fund – I will begin funding an emergency fund this month. I cannot bring myself to stop my debt payoff in its entirety to do this, however, I will be siphoning off some income to be put away.  Still working on the details, but the account is set up and ready.

Our summer travels begin this month which will bring on a whole new set of circumstances so stay tuned to hear more about that later this month.  And as mentioned at the beginning of this post, my April numbers will go up this afternoon.


Pay Day

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After a recent change at my company my husband and I now get paid every Friday.  It is sort of like being in high school again with a weekly paycheck.  I’m thankful for the timing of the change b/c it has helped make this all feel more doable. 

We each get $200 per week out of which we have to pay for groceries for a family of six (I’ve made HUGE strides in grocery spending since the first of the year), gas and anything else we need for the week.  I’m getting pretty good at making it a game for myself–to see how long I can hang on to the full $200.  This little game has already made an impact on decisions.  I was in such a terrible habit of using the debit card and not keeping track of the many swipes.  My goal is to use whatever I have left at the end of the week and pay down debt…even if it is only 10 bucks! 

It has also been a great lesson for the kids.  In this world of debit cards they’ve grown up in seeing cash is somewhat unusual for them.  The 12-year-old hadn’t gone into a gas station to pay cash for a tank of gas before—and that was a great experience for him, the other kids and me!  All of the kids are at a great age to learn from our new spending habits. 

So, it’s Friday night and I still have ten 20 dollar bills in my wallet.  🙂


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