You know what was the one thing I always wished someone would say to me as I was trying to decipher the personal finance world? As we were trying to figure out how to get our family budget under control so we could get out of debt and work towards buying our first home!
“Come on in and take a look at our bank account!” Don’t you think that would be nice?
I always felt like if I could see the real numbers of a family in similar situations, it would be super helpful in setting our own family budget.
Wouldn’t it be nice to see the exact numbers of another family’s finances? A family who has successfully paid off over $20,000 of debt on one income. A family who has found a way to live on one income in one of the most expensive cities in the USA.
I know that’s what I wished for back when we were trying to figure out how to make a budget that actually worked for our family.
Which is why we have started sharing our real life family finances with you! Every single month I get on here and lay it all out there, holding nothing back. You can learn how to live on one income by learning from our trial and error to help you achieve your financial goals even faster!
The last month of the year! How has your budget been this year? Did you finish where you wanted?
I would say that my hubby and I are happy with where we ended the year. We don’t have exactly the amount of savings we were hoping for, but if you check out November’s One Income Family Budget Updateyou will know that we made a decision (on purpose) that we knew would leave our budget where it currently sits.
We used to be those people who say things like, “Yeah! I think we can afford that.” Then spend the money without another thought. Four days before payday, we would get the dreaded notice of Overdraft & Fees!!
This literally was happening to us more than once a month! Things are quite a bit different now!
What did we change? Well, it’s not complicated at all. It’s called a B-U-D-G-E-T. Don’t freak out! (I feel like I say this a lot! Haha!!)
What in the world happened to our family budget updates? Remember I used to be sharing these things every month? Yeah, sorry about that!
The complete honest truth is that I just forgot. Going forward, I don’t plan to share these every single month, but you are more likely to see a scenario of me sharing maybe every other month. Unless something important comes along, then I will share more frequent.
I realize it is now the middle of December and I am just barely getting this out to you. Sorry about that! But, it is important to me to do this for two reasons.
One, keep myself accountable for staying on track with our budget and goal of preparing to buy a house in two years. The second reason is to help motivate you to live on a budget so your life isn’t consumed with financial stress! Doesn’t that sound nice?