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cheles2kids

Budgeting, grocery shopping & debt pay-offs

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by , 05-20-2009 at 09:03 AM (1135 Views)
Okay, so I've spent part of this week trying to get our finances back on track.
At this point by the first part of June things should be more 'normal'.

Since being so short on our money last week, we've eaten mostly out of our stockpile, which, thankfully, I have been diligently working on since the beginning of the year.

But I have made my shopping list out for groceries, which I plan on either shopping for this afternoon or tomorrow.
I have to go to 3 different strores because of sales going on, but that's okay, they are all within about a 5 mile radius of each other.

A couple things that I did notice we went through more than others, was juice.
Now, this is not something that we drink on a daily basis, but I do keep juice stocked, thankfully.
Because I was unable to go purchase any fresh orange juice, which I like to keep on hand for breakfast.
So we had to dip into our stockpiled juice stores this past week, so I will be adding a few bottles back to replace the ones that we went through.

Also both of the kids have been dealing with allergies this week and their throats have been really sore.
So it's been alot of soup & juice, sometimes nothing else will do.

I've mentioned adding to these stocks after all of this talk of the H1N1 virus, but if you haven't already added some of these items to keep on hand, begin now.
Because I have a feeling we will be seeing this next wave sometime in the Fall.
If you begin now with your flu/cold 'stocks', you should be well prepared for when someone in your family does come down sick.

Don't forget crackers, over the counter meds. (of course), did I already mentioned juice (??), gatorade or equivalent, cough drops, and I even like to keep bags of peppermin candies on hand to use.
You can buy these for $1.00 a bag at about any Wal-mart and they keep a *really* long time.

Just don't let your kids know you have them.

Just think about those things that you like to have when you are feeling under the weather and begin to stock up on those things now.

Okay, so after sitting down & writing things down this week regarding the finances.
I have all 3 pay-off amounts (see siggie) in order to keep track of things.

I went to Dave Ramsey's site and printed off the Debt Snowball form and filled in each of my pay-off amounts and posted them on our fridge.
That way as payments are made the entire family can look to see how we are doing.

Now that the kids are both teenagers, I think this will also help them learn a few life lessons.
That to get in debt is a no-no, that if you get in debt you still are responsible for those debts and that it takes much longer to pay back a debt than it does to obtain a debt.

But I figured this would also give us a chance to see the amounts continue to go down and this will hopefully keep us motivated to get them paid off asap!!

I am really hoping to buy a 'new to me' car next year, because 2 of the 3 will be paid off.
But the last one is the one with the largest amount, so unless I can begin to figure out a way to start putting money aside each month as well as continue making a snowball payment, I'm not sure how quickly that will happen.

I just know that my car is 10 years old and still has less than 100,000 miles on it.
But my 16 yr. ds has begun driving and this will more likely than not become his means of transportation.

Not only that, but we need a 'family vehicle' with alot more leg room and a much higher dependability rate for taking trips and such.

But I don't want to get too off track, right now I'm focusing on this year and paying off those first two debts.
*Then* we can begin to focus on that last bill.

I will say though that I've come to realize that having less than $30.00 in the bank to last for a week is a VERY stressful thing to deal with.

I've reached my "Sick & tired of being sick & tired" point though, so we won't find ourselves in that sticky situation again!

Have a great, rest of the week everybody!!!

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Updated 05-20-2009 at 09:09 AM by cheles2kids

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Comments

  1. Debbie-cat's Avatar
    Great outlook on this and I think it is great that you are so focussed. I like your idea of stocking up on under the weather supplies. I am going to start that soon as well. It is good to be ahead of the game! I also like your idea of hanging the amounts on the fridge so everyone in the family can see what is owed. Good lessons for the kids! Good luck with everything!
  2. IndigoMom's Avatar
    I like the idea of posting it for the family to see as well. It IS a good lesson for kids to learn young. So long as they don't learn it too well - my DD has informed me she's not moving out until she can purchase her own home outright, even if it's a mobile home to place on some property we might/should consider buying if we really want her out...LOL. She's 17 and says "I don't know who they are, or where they live but "They" aren't getting ME like that!"