Good morning everyone! Here’s the October update, as promised. Again, sorry for the delay as I explained here, but I finally have time to breathe a little bit! 🙂 My computer crashed, (another wonderful casualty of last week, and more money down the drain!) and is currently being fixed, so I do not have my excel documents as of the moment – so I just checked all my accounts and past posts and made this little picture for you.
We currently have $32,325.21 in debt – which is down $304.88 from last month, BUT…
The Bad: Still up a whopping $2,367.29 from the lowest we have ever been.
The good: We are down from last month, and have a large cash amount in hand/savings. If we put all of this onto debt, we could be down to $28,688.21 – which would be phenomenal and the NEW personal lowest! I’m all for this, however Cody isn’t.
Bad Again: My car broke down, which I’m fine with. There’s the bus, walking, biking before snow, taxis (probably not money sufficient though), among other ways to get around. Cody, being the protective man that he is, wants to see me in something safe since my last car could have killed me if I was driving down the highway in it. I am refusing, since I don’t even have an out-of-the-house job to drive to. What the heck do I actually NEED a car for right this moment anyhow? I seemed to calm him down on this situation for the moment, so that’s good.
Cody is now talking about saving the cash to live off of, but to also compile for a down-payment for a house in the near future. He really wants to move back up to around the Traverse City area, where both our families live, before we start one of our own. I want to move too, but think we should conquer one thing at at time. Let’s get out of debt first, then save to move. Or move in with one of our parents (they both have ‘offered’) to save money until we can afford to live on our own again up there. But he has different feelings about it, and I’m scared he is wobbling off on his debt journey. It’s hard, because we are not married, and the majority of it is HIS money – so I try not to be controlling, I have no right to be. We are partners and he respects my feelings and I do his, but he has so many dreams and plans it’s hard for him to focus on one at a time. Maybe there’s a way to compromise. Half & half? 80 to debt 20 to savings? Hopefully we can figure this out gracefully and be on the same solid page!
Good Again: Another good thing is the savings on insurance this month since my car did break! Not having the car on will save us about $46 on our next bill. Score! Verizon also lowered our bill $21. Extra Score!
We lived on cash this month with only the business card being the exception – but that’s another good: even after having to buy more parts and supplies, we got that sucker down to $448! Hopefully we can get that paid off this month so that we can make profits during the holiday season. *Knock on wood* (pun intended).
The final good thing is the amount of side work we both got to do this month. I don’t have an exact dollar amount (on other, crashed computer) but our hustle helped TREMENDOUSLY for us to be where we are this month considering how many things went wrong and where we could have been.
SPENDING ON FOOD/GROCERIES – I wanted to know how much we truthfully and normally spend for food/groceries between the two of us (and two cats + 1 dog), without our behavior being affected by keeping a running total. We have failed thus far at keeping track or REALLY changing our lifestyle – and I knew that it’s because no one ever reality-slapped us in the face with the FINAL TRUTH. We just shrug it off and say ‘We did good” or “Better than last month.” (lies, excuses, failure!) So this month, we lived how we normally do, and I made sure to simply keep every grocery, fast food/dinner receipt in a box. We didn’t look at them or add anything up. Just slipped it into the box. Sept 30th came, and I opened the box and added the receipts.
That number absolutely shocked me. In ONE MONTH, we spend that much SOLELY on food and groceries. That is absolutely insane. For two people, trying to be minimal, trying to save money – this was how we lived!?!?! That number should be AT LEAST half. I know that wasn’t the smartest way to save money or reduce debt this month, but it was needed. It was what I needed and what Cody needed to realize where our money was going. We didn’t even realize it while LIVING OFF CASH! We realized the importance of creating and sticking to a budget, the importance of keeping up on spending records every day. It was the cold-hard slap in the face we both needed. And I wanted to be honest with you guys, too – it’s so easy to think the way you’re living is okay, that the amount you’re spending isn’t that far off track.
Here’s to October. A great month. A month where our debt will be scared of us because of what we throw at it. To slashing that food/grocery amount and paying off the business card.