It's that time of the year again. Time to pull out the old budget and feel like since it's a new year, we are guaranteed a fresh start. Which is in part true and I'm going to take that feeling and run with it. I will take any sort of motivation I can get when it comes to budgeting.
I was reading back over some of my other posts I have done on budgeting (all five of them) and it got me to thinking it was time I actually made some real budgeting goals and stuck to them. Not just for a week or two, I want to form habits and make this more of a lifestyle change.
The first step was to sit down with Dan and discuss our financial goals, both short and long term. We wanted to make sure we were both on the same page and were working towards the same goal. Once that was figured out, we then looked over our current budget to see where it needed to be tweaked. We discussed numbers, looked at past years to see if our current amounts were realistic and then made the necessary changes.
By the end of our "budget meeting" we had a goal in mind and had our February budget made up. And we're both feeling pretty good about it too. If all goes according to plan and we can stick to our budget, February will be the first month in 10 months that we will be putting money into savings again! I can't even begin to describe how good that will feel. This past year has been an adventure, one that I wouldn't trade for anything, and it has brought challenges with it. Dan starting his own business was a step of faith and so far everything has been going well. Yes money has been tight but we have never gone hungry. I'm hoping that now that we are a bit more used to our new financial situation, we will be able to budget better and stick to our goals.
Part of our plan of attack is to use cash more. Most specifically on groceries. Groceries is one area that I feel like we can have a bit of wiggle room if we work hard enough at it. Obviously we can't cut back too much on groceries or else we won't be eating but it's an area that if I work hard and plan for, we can save some cash. I like having control over some things and I consider this a challenge.
All this to say, stay tuned for some upcoming posts on our financial goals and how I'm doing with my cash only system for groceries. If you have any advice or input, I would love to hear it!