We have discovered a "better way" to managing our finances, thanks to Dave's parents. We have 2 checking accounts now. We have already discussed which bills we are in charge of, and how much I need for groceries. Now we just transfer the money over and keep track of our own checkbook register. Last month we didn't go into our overdraft! I love that we get to keep anything left over in our account also. Dave's really excited to sell stuff so he can have a cusion in his account, and he's more conscious of his spending. I am keeping much better track of what I am spending and now I know we have enough to live on.
Thanks for giving us some good directions Gary and RuthAnn! I'm so grateful for all of your help in the finance department. I feel so much better now.
Only 4 more debts to go until we are debt free!
Step 1: Sell the truck and other miscellaneous stuff
Step 2: Increase Mel's income with piano students - include flute lessons too?
Step 3: Plan every purchase (grocery trips, research best deals for big purchases, use coupons, etc.)
Step 4: Reduce bills as much as we can - limit driving, AC, electricity, etc.
If you can't tell, I'm very occupied with our finances, but I really feel that this set-up is best for us. I had a hard time keeping up with both of our spending and bills. You'll have to let me know what works for you too!
