Financial Fitness

Money, Money, Moneeeey!

     As much as many of us hate to admit it, money does make the world go 'round. It seems like no matter how much money one has, it's never enough or just a little more would make things better. Nearly everyone I know, myself included, has some sort of debt...Student loans, vehicle payments, and credit card debt are the most common types of debt among those I know. As of late, so many are taking a very active role in paying down their debt, becoming debt free and building savings, using one of Dave Ramsey's methods. While I have only begun looking into his methods, it seems like a good route to go.

     I don't do New Year's resolutions, because they, all too often, are forgotten by the first week of March and don't get accomplished. I do, however, make small goals for myself, with a larger goal to be reached near the end of the year. The smaller goals keep me accountable, keep me on track, and give me small successes to celebrate along the way. I am going to take this method, along with some of Dave Ramsey's advice, and some basic common sense to get our family on the track to becoming "Financially Fit."

     Usually, I really dislike goofy little sayings like "Financially Fit," but that one actually makes sense to me, plus a cartoon bill lifting weights is funny and cute. But, seriously, I want our money to be strong, and to work for us, so we can have the things we need, some of what we want, and be able to have a good amount of money set back for the future. We started off the year strong, by starting to pull a set amount from each of our paychecks for savings, using our tax refund to pay down our debts, and, as of March 2nd, our 4-wheeler will be paid off. I have also taken a look at some of our utilities, TV and Phone, and cut our bills by decreasing our number of channels and amount data. (This is actually two-fold, in that our bills go down a bit, and we have been spending less time watching mindless shows or checking Facebook 870 times a day, and actually conversing more, and therefore, strengthening our relationships, and our family.) I have also, recently, consolidated my credit card debt and reworked our budgets.

I am a huge list maker and I love charts, so the budget thing was super easy. I like having something that tells me where our money is supposed to go and once I pay bills, I love crossing them off the list for that month or week. I'm fairly certain Tom thinks I'm a little obsessive and slightly crazy because on the morning of each of our paydays, I am up early, with my budget sheets, paying bills on the laptop, and crossing things off the list. I also, have a checkbook register app on my phone, so  I can keep track, immediately of our individual and joint checking accounts. Now, if I can just keep up with all of this...

Like I said, it's been easy, so far. We have our "fun" money for going out with friends, or a coffee at Dutch Bros. now and again. But, we both have our weaknesses. Mine is the fabric store. I can easily walk out of JoAnn's, spending close to $100 and not think twice about it, and that's with using coupons and their military discount. That's the one I'm going to have to keep in check. For Tom, it will be Amazon.com. When he gets involved in a TV series, he is all in. He will buy a season or two, and then he'll pre-order the current season, and find a similar series and order that, too. And DVD's add up, sometimes even faster than fabric, so we're going to have to be more cognizant of our spending.

I'm really excited to have a savings plan, and be paying down our debts. If any of you have any tips, ideas, or something that has worked for you and an your family becoming more financially fit, please let me know by leaving a comment.