This is a very good program to listen to on Financial Provident Living from the Mormon Channel here - I recommend listening to it. Great Advice.
2013 Financial Goals.
I made up a binder last night and am going to log every expenditure I pay out this year. I'd truly love to be debt free this year - everything except my house (which I hope to be able to focus on paying down when all the other debt from my life is gone).
I decided instead of paying for a notebook or journal, I'd make up my own spreadsheets and put them in a binder I already have on hand.
Here are the spreadsheets I made for each month:
Because I am self employed as a household cleaning service, I have an income ledger that tracks the money I earn each day through the month. My schedule is set each week, so I sat down and put down what I will earn each day on the ledger for the month and totaled it to know what I will be earning. Then I can budget what I will be spending this month.
You can see that I don't have any car payments or smart phone bills. My cars are paid for (we purchase a new car with cash 1 1/2 years ago. My cell phone is a tracfone that I pay $100 per year and it is all I need in a cell phone. Since I am self employed, I have to pay 100% for my health insurance with a huge deductible of $5000 to get the payment low. I figure I can work my way out of $5000 instead of what health care really costs if you do get sick (insurance). I pay for regular doctor bills as I go.
Last is the House account ledger. I will put in everything I spend. Even when I go grocery shopping, I think I will itemize each item - making me truly think about what I spend my hard earned money on. I hope this helps me become more mindful of what I spend each month and help me keep track of really what I want - to be debt free.
I also gave up my Direct TV. My Century link bill was $170 a month and now it is $35 for my Internet service.
This year for Christmas Jason and Sharon gave me an Apple TV!
Oh my goodness I am in love with this little box. It is ran by the wireless Internet and I can watch Netflix, Hulu and YouTube on my big screen TV. It has a remote which is awesome!! I love this and wish I would have dropped paying for TV a long time ago - just like Jason and Sharon had been telling me to do.
I love that I can watch what I want on my own time - just like a DVR. I love that I can watch older TV shows and all the series they had (TV shows that are G and PG rated - not the types of R rated shows in TV now days). I love that I can still watch Lifetime type movies and am VERY careful that I don't watch any R rated type shows.
It's been wonderful to save so much money by switching to Majic Jack and Apple TV - Woo Hoo!
This savings has gotten me to think about what other costs I can do without. The less I spend the more I have to meet my financial goals. I've been more frugal with water, and power - however I like a warm house so I use the gas bill normally - I won't freeze in my own home. I keep my house at a warm 72 degrees.
2013 is going to be the year that I am determined to make all my financial dreams come true!!