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Ugh and catching up

November 4th, 2010 at 05:41 pm

October was pretty crappy in terms of spending and tracking our money. I kept procrastinating about entering stuff into Quicken and therefore, out of sight out of mind.

The good news is that we got our taxes done, bad news is that we had to pay on the federal portion. I am awaiting a few hundred dollars refund from the state and I think it will go to savings. I really want to build up our emergency fund as I'm worried that with money being so tight something will happen and we will have to rely on our credit card to pay for it.

Good news is that I'm now up to speed with Quicken and my budget spreadsheet. I don't like having to enter things twice but for now it works and is worth the extra effort.

I've been tweaking my budget spreadsheet and think I've got it to where I need it to be (formulas, how info is displayed etc). I'm hoping that by the beginning of the year I will have worked out all the kinks and can start a new workbook for 2011. I'm doing a biweekly budget and assigning bills to each pay period and I'm liking how its been working so far.

Good news is that I paid off two credit cards. Our flat screen tv is paid off (we did the zero interest thing) and a small amount from JCPenney. I'm now snowballing those payments to our MasterCard.

I've gone mostly to all cash (debit card) except for my weak spot of dining out. This continues to be our biggest budget buster. Lack of planning on my part is mostly to blame. MUST DO BETTER.

The focus now is on paying off the MasterCard. I need to project payments so I can estimate how soon I can pay it off. I did make a fairly large payment last night with the cash reserves in our checking. I never transferred the reserves out of our account as I was too afraid I may have missed something major in my budget and actually need the cash, so I've decided to make smaller payments with this money until the reserves are gone and I'm confident I didn't overlook something.

I've been thinking about some financial goals for 2011 and hope to nail them down soon. One of these goals will be to record my thoughts here on a more regular basis because doing that keeps my financial goals at the forefront.

3 Responses to “Ugh and catching up”

  1. creditcardfree Says:

    Best wishes for more focus!! You can do it.

  2. PNW Mom Says:

    Great job on the payoff's! I find if I plan meals, it really helps us to not to eat out as much. Of course, I have to make sure I am actually planning them Smile Keep up the good work!

  3. Homebody Says:

    You and me both on the Quicken. I don't know what is wrong with me. Overwhelmed I guess.

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