Friday, March 1, 2013

Adventures in Budgeting: Month Four

I am happy to say February was great in so many ways. We were under budget in many categories. I am finally feeling like we have control over the money and not the money controlling us. I feel much freer than ever before and so much more confident about our finances.

I am learning more and more how to juggle the money and spending on what we need instead of what we want. Our change of mind and attitude has made a huge difference in our checking account. We have spent about $500 less than we normally do by just asking ourselves whether our purchases are needs or wants and can we wait to buy this? We don't elimante all wants from our lives but instead decide what wants we can acutually afford and truely desire as a family.

This isn't easy. Watch a few commercials and you will be told that you need this car or this phone to be cool. Use your credit card and you can go anywhere or do anything. The problem is YOU have to pay for it. It's simple math. You can't spend more than you take in, if you do you will be broke and then some. Paying for things on the credit card or through loans will only have you spending more for something you could have saved for a few months and purchased with a discount.

As I look around at our neighbors and their brand new cars, boats, campers, snowmobiles, and four-wheelers I wonder how many actually own them. Our vehicles may not be brand new but we own them and never have to worry about someone else taking them from us if we don't pay. We feel like being "cool" is paying cash for things we want in order to stay away from being in debt to someone else.

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