I know this seems totally random given the nature of my blog, but Ryne and I talk a lot about our finances. Like, probably almost too much. Thankfully we basically agree on everything that has to do with money. Honestly, we’re tightwads when it comes to the green stuff. I mean, we still donate regularly, choose to buy quality items over crap, and randomly grab frivolous things throughout the year. But, overall, we’d rather save than spend. We aren’t accountants or anything, but we understand enough stuff to be in a good place financially. Like how an 11 dollar dress is perfectly acceptable, and that no one can tell it’s cheap when you use the right Instagram filters.
Anyway, we have some lofty goals right now. We’re putting a plan in place to get out of debt completely (including our mortgage… eek!), and we’re going to work at it pretty diligently until we get there. Remember the other night when I played on Photoshop? Well, I was making budget printables. Yeah, I’m so wild for that. I know y’all are just dying to hang out with me now, right?
After printing them out, I thought that some of y’all might find them useful, too. Most of them are totally specific to our needs, but a few of them are basic enough that anyone could use them.
First, I made a document to track our bill payments. We’ll check off each bill as we pay it every month. It also has a yearly expense list at the bottom for things like HOA fees, pest control, and all sorts of different lame taxes. We’ll record the amount spent so we can track it from year to year.
Next up was a general monthly expense tracker. We used to do a much better job of tracking where our money went, but we kind of let it slip after having Maddux. I’ve seen much more detailed lists before, but we just needed something simple. I made it to where we can just circle what month it is at the top and start listing things we buy throughout that month. We’ll total it up at the end and hopefully see some general pattern to how we spend our money throughout the year. Knowledge is power, or something like that.
Finally, I made a debt payoff sheet. Ryne wanted a visual for us as we try to get those numbers lower and lower. Hopefully seeing our progress will motivate us to keep going. We need to pay off my car, my student loans, and our house. Basically, it’s mostly my fault we’re in debt. I’m awesome. Our ultimate goal is to pay off the car in less than 6 months, the student loans in less than 3 years, and the house in less than 10 years. Pretty lofty but totally achievable if we focus on it. Of course all of that is stated with fingers crossed because you just never know what life is going to bring.
I uploaded the document files in case anyone is interested in them. I would make them editable, but don’t really know how. I pretty much know the bare minimum of everything in life.
While I was at it, I also realized I could do a whole lot better tracking income and expenses for the blog. Filing this year’s taxes helped me understand the importance of being organized when it comes to the blog. I pretty much sucked at that last year. Rookie mistake. I made a way to track my income, expenses, and products received.
I hope someone finds a few of these useful! If they are awful, feel free to laugh at me in the comments. If you have any suggestions on ways they can be improved, I’m all ears! Oh, and If you have any questions about our plans to save money, pay off our debt, or just about our budget in general, just let me know. Like I said, we aren’t experts but we do have a pretty decent system going. I just find it fascinating to see how different people save and spend money. So definitely send me some links if you’ve written about it! If no one wants to hear us ramble about money, then I swear I’ll never mention it again. Seriously. Ever.
Well, I better go. I have big plans to do nothing tonight. Ryne desperately wants to try this “amazing” burger place downtown, but I’m putting up a good fight. First of all, I don’t eat burgers. Second of all, we just went out to eat. Third of all, that’s not very budget conscious of us, is it? Exactly. I win.