So, my husband and I are going to try and be better fiscal stewards. We are definitely spending money needlessly right now. We haven't quite adjusted to just having one salary. So, beginning now, we are on a zero based/cash budget. Basically, every penny will be accounted for and we will use cash for most purchases. I have read a lot of blog posts about the envelope system. We think this would be good for us since we have a tendency to whip out the debit card on a whim. Now, once the cash is gone, the spending is done.
I am actually very excited about this. For one thing, it will hopefully reduce the amount of time I spend reconciling our bank account and hopefully make us more aware of our spending. After we get the hang of this our next goal is to start paying down our debt.
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