Well, I'm embarrassed to say that I have not been paying attention to our finances lately. I have definitely sort of reverted to the old ways. We have a good amount of money in our checking account and I have just been using my debit card willy nilly. This does not feel good.
Our Emergency Fund is substantial, but not complete. I have not looked at our budget in weeks (maybe months?).
I could make excuses and say that life has been busy - and it hasbeen, but when is it not? I have spent a lot of time applying to Craft Shows and focusing on my pendant business (which is going well), but a lot of people work full time and manage to handle their finances. I need to get back on track.
I remember someone saying that Baby Step 3 (Finishing the Emergency Fund) is even harder than Baby Step 2 (Getting Out of Debt) - and when I was in BS2 I found that hard to believe, but now that I'm here in BS3 I think they might have been right.
Looking forward to re-focusing and catching up on my PF Blogger friend's blogs for some inspiration!
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4 comments:
Jennifer,
We must be in sinc...I believe it is so much harder to save than pay off debt. You have to send money to creditors every month, but you really don't have to send money to your savings account every month...
Life has been busy for me too, and I think I lost focus. But it's good that we both realize it doesn't feel good to just throw money away (which is what I feel I've been doing).
Hopefully, from now on we can focus on the bigger picture!
By the way, your emergency fund is awesome! :)
I really need to get back into documenting my finances.
I use a excel spreadsheet that I downloaded previously, which is really handy.
I've just started a new blog
www.savvyspenderandsaver.blogspot.com
I'm trying to give tips and advice, but really need to start practising what I preach!
Good Luck to you ---- I am sure that it is tough, but you have to give yourself tons of credit, it is not on a cc!!!! You will get yourself back in shape very soon
What a great post. I’m emailing this to my friends.
http://www.daveigh-chase.org/
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