Monday, January 4, 2010

2010 Budget

We're already 4 days into 2010 and it still hasn't hit me. Hubby and I sat down this weekend and figured out a budget for us for the year. The nice thing about this year is that hubby is still going to be receiving his paychecks over the summer, so our budget won't change. Well, it will, but any of the extra money he earns from working over the summer can go into our house or car fund.

Can I tell you how exciting it is to plan out a budget and not worry about debt payments? Our expenses are 50% of our income, which means we are able to save 50%!!!

We have become very relaxed that past few weeks (okay, maybe months) on our spending, so hopefully this will help to keep us focused. Plus, the end goal of buying a house and car.

The winter makes it easy not to spend because personally, I don't want to leave our home! It's cold out there! Plus, I don't know if I mentioned this (probably not because I have been slacking on posting), but we got a Wii Fit for Christmas, so that has been more than enough entertainment for me!

I'm hoping to get some goals posted by the end of the week. :-)


Brooke said...

Happy New Year!!

you've got a tremendous amount of your income to be able to sock away in savings! :) congrats and great work!!

Live Simply- Live Well said...

happy new year!!! so exciting that you get to save so much for something yall really want and need, rather than pay down debt!!!

Serendipity said...

I've been having alot of no spend days this week. I think I am channeling you! Good luck on your 2010 budget, I'm sure it will be fab!