Frugal Village Forums banner

1 - 20 of 48 Posts

·
Registered
Joined
·
966 Posts
Discussion Starter #1
Me & DH spent the past year selling/buying a house, moving, and settling in.

I'm ready for a new year. I have a temporary job starting that will last through approx August 2011. I want to be mindful of every cent I earn from this job :skept:. I'd like to use it to reduce our debt as much as possible!

Anyone else planning their goals for the coming year? I needed a break today from decorating/preparing for Christmas, so I started writing up my goofy "debt charts" :toilet: The numbers are staggering!!!

Marianne
 

·
Registered
Joined
·
3,299 Posts
I have the bill payment schedules made up for 2011 already.

He gets paid every other week and it's good to know what bills are due out of each check.
 

·
Registered
Joined
·
63 Posts
Debt charts. Interesting concept -- any hints?
Usually I just keep a running list, but ..... pictures and graphs might be interesting. :eek:)
 

·
Registered
Joined
·
3,299 Posts
Debt charts. Interesting concept -- any hints?
Usually I just keep a running list, but ..... pictures and graphs might be interesting. :eek:)
This is just the January - June schedule... July - December is in another file. No real reason other than I hate having to scroll and forget what line I am on :lol: After I paid the bills, I black out the column so I know I am DONE for that cycle.

 

·
Registered
Joined
·
1,129 Posts
I am but money isnt on my mind, if i thought about the no job for me and cut in hrs of dh i would go crazy thinking about the money that isnt there so im thinking about my garden!
 

·
Moderator
Joined
·
2,688 Posts
Well, it's going to be our year of serious snowballing.
Hubby wants to retire at 62 and the only way that can happen is to get the balance of the bills paid off, and or very close. We go after his truck payment first. When that is done, then the HEL which is a fixed loan, the following year.

I hope for a good size garden. I already have the seeds here. I caught a sale at the farm store this fall, when seed pkgs were marked down to .15 each. And bulk seed was also marked down a good percentage.

I plan on hatching baby chickens. Some for quick sale as babies, and then some to grow as started pullets. I have a good bit of interest in my animals. I can't count them as sold however till I have money in hand. It's like counting your chickens before they hatch :)

I am still debating whether or not, to find me a part time job, but we have made it since May of this year, with me having no income. I think I am way more valuable at home. The hubby's low income job is looking way more secure now that 2 others, have retired. It's close to home, and has good insurance for the both of us. Hopefully he can work there part time after he retires in about 3 yrs.

I think that what we practiced this year for frugalness and kept the reins tight proved to both of us, that we can set goals and make them, even with little money.
 

·
Registered
Joined
·
209 Posts
Our priority for 2011 is to start a sinking fund for the replacement of our high mileage car.
 

·
Registered
Joined
·
64 Posts
2011 will bring lots of changes for us...good ones I hope.

I have been working on getting all of my doctors' visits out of the way(knee, foot, migraines, and everything else that needs dealing with) so I can function like a normal person again. by the summer I should be a new woman. YAY!!

we will be moving next week, so we will have to get settled into a new house.

DH will be graduating next year in December. great Christmas present to himself!

we have to get money saved to replace DH's jalopy. right now he has 177,000 miles on it so we are hoping it makes it to the end of the year.

and last but not least, next year I am to receive my inheritance from my great uncle. it was worth a hefty sum 4 years ago, but alot has happened concerning the stocks and what not he had, so I would be happy to walk away with $5000 after taxes. it would definitely go into savings.
 

·
Moderator
Joined
·
8,714 Posts
~Yeah, I get in planning mode around Thanksgiving. I've been playing around with the budget(obviously going up now that we have a new baby)but haven't settled on one yet. I usually just up all the categories by 10% but that doesn't really work when adding another person.
If the housing market improves at all we may sell and move to something a bit larger. We have a nice amount saved already for this purpose. We may sink it into adding on to this house though. I'd rather move.
I'll finalize my plans this week and print everything out in two weeks when we find out DH's new pay rate. Hopefully he got a decent raise this year. :) ~
 

·
Registered
Joined
·
1,198 Posts
DH and I bought a new house this past year as well. We are now moved in and I am just now thinking about buying stuff to decorate (all my walls are bare). It should take a lot of money to do this and we will budget for it for the rest of 2011....I also want to buy new bedding and nice rugs for the floors. We plan to purchase a pool this spring and that also needs to go into the budget. We just paid cash for a new (to us) Toyota Tacoma so we have a better vehicle to drive now.

In the next couple of weeks, we should have a certain plan for our money and I will post on that later.
 

·
Premium Member
Joined
·
3,898 Posts
Also in the just moved club. I'm thinking and researching where and what to plant, and a thousand and one projects for the house and yard. More fantasy than planning at this point. I need to make an overall plan and start prioritizing what gets done right away and what gets put off - otherwise it's going to be a very busy, expensive year.
 

·
Registered
Joined
·
1,293 Posts
I'm an American living and paying crazy taxes in Denmark. My plan for 2011 is to live as simply as possible, spending only on necessities and travel. I bought my flat, hoping to break even when my contract comes due in May, 2013.

Despite 50% income tax and 25% VAT, I'm managing to save 80 - 90% of my take home pay. Not having a car helps.

But I do wake up in a panic at least a few times a week over what will happen if I can't sell my flat when I'm ready to leave.
 

·
Registered
Joined
·
7,678 Posts
More of the same for me in 2011. I need to replace around $500 in saving that I used -- my tax refund will probably cover that, but if not, I'll do it over a few months. Otherwise, the only goal is saving very aggressively for retirement.

One thing I have decided to do it keep more of my savings locally, rather than in my online savings account. I get essentially no interest at my brick and mortar bank, but the interest is so paltry online, it really will make little difference, and it will be more accessible should I need it. I'll probably split it about half and half. After assessing my situation, I've been keeping less in long term savings and putting more into the retirement accounts, so the interest doesn't amount to much anyway.
 

·
Registered
Joined
·
867 Posts
The 2011 budget is done and ready to use. I hope that next year is better than 2010. I really would like to be done with BS3!
 

·
Registered
Joined
·
2,053 Posts
well i will need to redo budget for first 6 months of year because i quit my 2nd/ 1 weekend a month job and my last day is the 2nd so that will change where some bills get paid from .

then i will need to redo it in june because i will have 2 high school tuitions to pay next year startimg july ) ( which will make money really tight - but this will be the last time i have 2 in HS at the same time)

plan to continue hitting the debt also .
will be looking for a cheap used car for my almost 17 yo who will be getting license probably june or july .

and early in the year i have some $$ dental work that needs done .

but i am noty even worrying about doing budgets until the week after christmas .
 

·
Registered
Joined
·
1,545 Posts
Yes my money plans for 2011 include to start adding $25 to my credit card bill each month...would like to add another $50 to that but i will see. I put my student loan on forbarence last year so i am paying interest only payments. Hoping to add more to go to principal but again we will see. First I need to pay down the credit card. Also in 2011 I would like to add more to savings per pay period need to work on coming up with an amount. Kind of off topic but would like to work on my stockpiling hba's and food.
 

·
Registered
Joined
·
623 Posts
2010 has not been good for me--not awful but not good-so 2011 is gonna be great, (I hope !!)
 

·
Registered
Joined
·
382 Posts
I hope to be almost completely out of debt by the end of the year. I also want to go to TN in April and Disney World as a Christmas trip :)
 

·
Registered
Joined
·
966 Posts
Discussion Starter #20
Debt charts. Interesting concept -- any hints?
Usually I just keep a running list, but ..... pictures and graphs might be interesting. :eek:)
For my debt charts, I take the amount owed on an account, and then list numbers down, and cross off each number as the balance comes down.... does that make sense? Then each time I pay down that amount of the balance, I cross off another number.

For example, a $2000 balance that I'm checking off by 100s might look like this:

2000 1500 1000 500
1900 1400 900 400
1800 1300 800 300
1700 1200 700 200
1600 1100 600 100

I have really limited Excel skills, or I would make a photocopy of one of my real charts to post here! I get fancy with fonts & colors & gridlines, etc.

I keep these in my household notebook, and post one at a time on the front of the refrigerator, which keeps DH motivated. Some are done in 100s, some in 50s, it could even be done in 20s. It feels great to cross off those numbers!

And although I haven't done it.... these charts could also be used for savings goals, by increasing the numbers instead of decreasing.

Yes, I just may be the dorkiest person on this board :whirly:
 
1 - 20 of 48 Posts
Top