If I were to choose a month for Dave Ramsey himself to swing over to my blog to check up on how we’re doing, I would not choose this month.
I didn’t use envelopes. We used money from our emergency account for a definite non-emergency. Gasp! (We bought a camera and fixed the car. I’m going to pretend the car stuff was a surprise so it will count as an emergency.) We bought lots of Christmas gifts and didn’t pay any extra on our loans.
I really loved not using envelopes. I’m so tempted to stop.
I promise I would update the budget on the computer every single day.
Any thoughts? Do you think cash is worth the hassle? When I first started using it, my grocery spending dropped by 1/3. I’m hoping I’ve just developed wiser shopping habits and that I’ve been trained to spend sparsely.
As I predicted last month, we didn’t make monumental progress on our loans this month. Without making any extra payments, we paid of 0.8% of our debt this month and have 80.4% remaining.
Next month, we’ll refill our emergency fund and resume making extra loan payments. Funding for my after school job was almost cut entirely, but thankfully, I’m still able to be paid for 5 days of tutoring a month. I’m looking forward to having a little more planning time after school while still getting to work with my students once or twice a week.