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Wednesday, April 30, 2008

Cutting Back!

I know the cost of everything is going up. We feel this mostly in our gas & grocery budget.



Jon and I have been discussing different avenues for saving on gas. The only real solution is to drive less. We considered trading cars getting a motorcycle, but those ideas only add to our debt and we really want to stick to our plan to pay everything off including the house in less than 7 years....SO a new car or motorcycle are out for now. We plan on combining trips out, no more Sunday afternoon drives (yes we do this regularly for 2-4 hours), & JON may even take on a side job to off set gas but keep us on our plan. Jon always does whatever we need...I am so thankful for him.



The next item on the list is our grocery budget. We currently spend $580 every month for a family of 5. We have one in diapers still ... hopefully not for long!! The $580 covers everything Costco visits and anything that comes from Walmart for the month. I usually do well at keeping us at budget, but we never have extra. I am going to start in May keeping a side note of my budget and what I have spent, and really watch what I am buying. I am also going to make it my goal to cut our budget by $50 in the month of May. I am not sure where this will come from with the cost of everything going up, but I am determined to save money. Maybe I should invest in more into bulk buying at Costco. We will see and I will keep y'all posted!



We have made some progress in the month of April. We paid off a credit card, saved our EMG fund, started a car fund envelope, and paid another card down $100 extra dollars. We are proud of our progress and hope that since we will be spending more time at home and not on the road MAYBE we can save a little more next month.



Have a great week!!!


2 comments:

Anonymous said...

It is hard to save monwy. I also have a family of 5. We use alot of homemade goods and grow alot of our food that helps out alot. Blessings!

Anonymous said...

Sounds like you are on the right track! I think you are making the right decision about your vehicles. Sometimes it is better to stay the course.
Toni