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11-23-2009, 12:11 PM #1Registered User
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"Thanksgiving Expenses" or "How my Nov. budget went down the drain"
So this month we're going over our budget for food costs.
It's not the end of the world, because I had tentatively set aside an extra $200 for food for Thanksgiving. However, it wasn't in the original November budget, it was a last minute adaptation.
The money is coming from our car payment snowball (the only debt we have other than mortgage). So instead of paying an extra $1300 this month to the car payment, we are paying only $1100. We have $10,000 left to go (purchased the vehicle new about a year ago) and plan to have it paid off by March, when Baby Q arrives.
Part of me feels bad about it, but another part says it's okay. My question is, when do I know that a budget change is justifiable?
The reason we're upping our budget is because we'll be having single Marines over for Thanksgiving. We'll of course be watching football and the like, but my husband and I are providing all the food and drinks. Some of them have just gotten back from Afghanistan and others don't have the time to visit family. None have anywhere to cook food. So instead of feeding about four people, I'm looking at 10-15.
It's not a typical situation, I know. It got me thinking, however, about when a budget change is justified.
Any advice or opinions?______________________________
SAHM to 3 year old DD. Happily married for 7 years to DH.
Currently living in NC.
I use YNAB to budget.
Upping our savings for a possible career change in a few years.
1JAN2013 = $20,297/80,000
1FEB2013 = $20,774/80,000
1MAR2013= $20,327/80,000
- 11-23-2009, 12:30 PM #2
I think what you are doing is not only completely justifiable but wonderful! The value of this Thanksgiving dinner you are giving to those who may not have had one otherwise is much, much more than the money you will be spending on it. It's priceless.
God bless you and your husband. Your generosity and kindness brought a tear to my eye.Wife to Kenneth
Mom to Joey, age 17
Mom to Kendra, age 9
Money is 80% behavior, 20% head knowledge. It's what you do, not what you know. - Dave Ramsey
11-23-2009, 02:09 PM #3
All your guests will be SO happy for a home cooked meal in happy surroundings. I think pulling $200 for this is a VERY worthwhile thing!
Mary
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11-23-2009, 02:53 PM #4
When the two of you agree upon it and when you can still make a substantial debt payment.
Not thrilled that you have 10k left on a car payment - suggests you bought a new car for what, 20k? and financed it - but if you can pay it off in a year... ok. But don't do it again - you can't afford to throw that kind of money away driving it off the lot.
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
11-23-2009, 02:58 PM #5
You are doing such a terrific thing! That is great use of your $200.
11-23-2009, 03:00 PM #6Registered User
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I think the cost is justified, I mean you just doubled or tripled the number of people you are feeding. And skipping the car payment to feed US soldiers is a one-time thing.
Use it up, Wear it out,
Make it do, Or do without. ~unknown
You can't always get what you want
But if you try sometimes you just might find
You get what you need ~Rolling Stones
A clean house is a sign of a wasted life. ~unknown
11-23-2009, 03:23 PM #7Technical Support Sleuth
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To clarify, she's not skipping the payment at all. She is generally paying 1300$ a month, excess to principal, this month she is only paying 1100$, excess to principal.
I think it's fabulous and justifiable. You aren't skipping a payment, you aren't going further into debt to do this, and you are helping making some lonely Marines ahve a happy holiday.McD
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11-23-2009, 03:26 PM #8
you are doing a great thing but it can be done cheaper than $200
I hope you found one of the many 39 cent a lb turkeys fill them up on meat and potatoes men like lots of mashed potatoes make way more than you think you need
you will want pie but how about a TEXAS sheet cake easy cheap and they seem to love that Chocolate. you can make a couple or freeze the leftover buttermilk for next time you want to make it.
ice tea is cheap I know they will want beer but....
snacks chips are expensive so find other cheaper snacks popcorn is cheap try some seasoned ones.
If anyone asks if they can bring something let them bring drinks or chips.
Have FUN!Meg
cc debt free YEAH on to the mortage
11-23-2009, 03:49 PM #9Registered User
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Some times money is not important this is one of those times enjoy your holiday and its great what you are doing. I bet anything the Lord blesses you ten times over for what you are doing
Married to Manny 25 years
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11-23-2009, 05:51 PM #10Registered User
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Bought a new car for $28,000 - yes, I know! Put a down payment of $8,000 on it and financed the rest. No, we didn't NEED the car but we learned our lesson. Plus, paying it off in a bit over a year, I'm not too upset about it. I am very happy with the car. Free oil changes for life as long as we're here and it works out with Baby Q on the way.
In the future, once this is paid off (and we really won't need to purchase a car for a LONG time) we'll start a new vehicle fund. Eventually we'll need to replace the truck, but that's easily 5-7 years down the road.
______________________________
SAHM to 3 year old DD. Happily married for 7 years to DH.
Currently living in NC.
I use YNAB to budget.
Upping our savings for a possible career change in a few years.
1JAN2013 = $20,297/80,000
1FEB2013 = $20,774/80,000
1MAR2013= $20,327/80,000
11-23-2009, 05:53 PM #11Registered User
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______________________________
SAHM to 3 year old DD. Happily married for 7 years to DH.
Currently living in NC.
I use YNAB to budget.
Upping our savings for a possible career change in a few years.
1JAN2013 = $20,297/80,000
1FEB2013 = $20,774/80,000
1MAR2013= $20,327/80,000
11-23-2009, 05:57 PM #12Registered User
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I know it could be done for less than $200, and the food costs won't exactly be $200. But I had to purchase a few extras (another crock pot, an extra table cloth, more serving spoons, etc). I am hoping to come in at under $200, that's just what I had set aside.
Our menu is looking like this:
Paleo
Turkey
Ham
Sweet potato casserole
Cranberries
Zucchini
Mashed parsnips
Sweet potato and apple pie
Bacon log (bacon explosion)
Non-paleo
Mashed potatoes
Cheesy potatoes
Green bean casserole
Stuffing
Rice Krispie Bars
Pigs in a blanket
My husband and I (although being pregnant, this is modified a bit) eat a Paleo diet. Which in layman's terms is the diet of a caveman. No grains, no legumes, no sugars, no dairy. Two of his friends who will be here eat Paleo diets as well.______________________________
SAHM to 3 year old DD. Happily married for 7 years to DH.
Currently living in NC.
I use YNAB to budget.
Upping our savings for a possible career change in a few years.
1JAN2013 = $20,297/80,000
1FEB2013 = $20,774/80,000
1MAR2013= $20,327/80,000
11-23-2009, 06:09 PM #13
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
11-23-2009, 06:42 PM #14
That is wonderful what you are doing and the service men will appreciate it. God Bless you both.
11-23-2009, 07:42 PM #15Registered User
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I think it is wonderful - some things are just more important than a debt snowball. This is one of them! You will make some lonely people very happy.
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