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Tally Ho!

October 14th, 2006 at 11:48 pm

Tally time! This is the end of our first month's budget. We decided to keep it from the 15th to 15th for various reasons--one of which is overlapping bills at the beginning of the month. They sometimes move depending on the length of the month, so we'd have some months with a bill at the end and some with the same bill at the beginning. Now, to review the figures and see the good, the bad, and the ugly.

The good--we stuck to a budget! And our figures were pretty accurate for the categories. We adjusted a bit as we went along, but for the most part, we overestimated. That's way cool.

The bad--we didn't really apply too much extra this month to credit cards. We needed to get a feel for the spending and we set up categories for impending things like glasses and contacts, dental work, and the seemingly ever present auto repair bills. So credit didn't go down much this month.

The ugly--also set up a separate sheet for the credit cards to see the big picture. It isn't pretty.

All in all, we did better at this than we thought. But we realize that it is only the first month. Onward!

3 Responses to “Tally Ho!”

  1. PRICEPLUS Says:
    1160872039

    You stuck to the budget and that is the best of things. Over time you will tweek it and make changes but the important thing is you made a budget and stuck with it!!!Smile

  2. sarah Says:
    1160883654

    PricePlus is right. At the beginning of any financial change the important point is no more debt. Sounds like you are doing a great job.

  3. tinapbeana Says:
    1160959968

    i'll second (um, third?) that: getting a budget made and seeing if it is, in fact, realistic is a huge first step.

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