Home > Family, Money > Financial Update – March 2010

Financial Update – March 2010

As I described in my first blog post about our finances, we had to get a grip on them and stop spending more than we were bringing in. We instituted very simple changes (note “simple” does not equal “easy”) to increase our savings. These are the changes we instituted:

  1. Bring lunch daily rather than buying lunch
  2. No daily Starbucks/Alterra/Anodyne/Caribou stops
  3. No going out on a whim
  4. Weekly budget meetings
  5. Use debit instead of credit cards

That’s it. Result of changes? We saved $836.80 for month. Net savings for the year? $836.80. I will keep up the updates for all of you who don’t give a shit.

This month will be harder as we are headed to Madrid for two weeks. We’ve budgeted for the trip but people tend to spend money more quickly when on holiday. Thankfully, we can stay at my parents condo while in Madrid.

Categories: Family, Money
  1. March 5, 2010 at 12:40 pm

    crossing my fingers for you as you prepare for madrid (and JEALOUS! but have fun). over $800 is seriously good for making just small adjustments. when we traveled to aus/nz this summer we found that we spent more on food and ‘experiences’ than anything else–and any of these that we did for the first time we didn’t mind spending on. we successfully brainwashed our children into thinking that they didn’t have to buy a bunch of crap from these places to remember the trip.

    be safe and have fun. and i do give a crap tho’ i won’t give it to you or anything.

    • Ody
      March 5, 2010 at 1:25 pm

      Funny. B/C my folks will be there as well, we will be eating in a lot and hanging out with them (read:they will be picking up the tab – right Jim?) for the trip. Expense SHOULD repeat SHOULD be minimal; but we’ll have to see.

  2. Jim
    March 5, 2010 at 12:42 pm

    You saved $800+ for a month or for the year (typo?)? Or was that the first report from the first month and thus for the year so far? Either way, if it didn’t hurt to do it, I say the more power to ya! Good job. Save that much each month and you will be able to come visit us in Stuttgart and see lil Julia when she arrives!

  3. Ody
    March 5, 2010 at 1:21 pm

    Yes. 1st is a monthly account of savings, the second will be a running total of the amount saved. How’s pregnancy going?

  4. Daniel Joseph Miller
    March 8, 2010 at 9:59 pm

    Hope your trip to Madrid is safe and exciting!

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