March Goals & Budget

First, a recap of my February goals:

For February, I’d like to accomplish the following:
  1. Pass my midterm test this Tuesday. Hell yes! Missed only one and got a 96%!
  2. Keep up on my reading and homework. Yes, I continue to stay focused!
  3. Complete my $5,000 baby emergency fund! Yes! YES! YES! With taxes, bonuses, we got slightly more than I expected and currently we have a FULLY funded Emergency Fund at $10,000.
  4. Pay $832.42 towards our visa card :) Yes! Sent them lots of money!
  5. Log in my eating on weight watchers & myfitnesspal. FAIL! I was good for about 75% and then studying etc got in the way.
  6. Run 4 times a week. Check, Check!
  7. Lift weights 3 times a week. Check, Check!
  8. Keep Quicken up to date. FAIL/PASS When Quicken cooperated I kept it updated. However, it failed more than it worked. Still holding out from spending more $ towards a Windows laptop.
  9. Keep my checkbook balanced! Pass! For the first time in at least 2 years. LORD HALLELUJAH!
For March, below is our budget for the month. The grocery is so sporty for us but I am going out of town on business for the next week and we have tons of food left. I know I have to pay for the kids’ swimming lessons this month as well as baseball for my two youngest.
With respect to actual goals I want to target, they are:
  1. Run 4 times a week.
  2. No eating out!
  3. Spring clean from 3/19 to 4/1!
  4. Purge my closet once again.
  5. Paint the girls’ room.
  6. Throw all overtime money towards Visa.
  7. Call Comcast and negotiate a better cable rate or else cut back on it or CANCEL cable!
  8. Send out letters disputing the inaccuracies on my credit reports.
  9. Sign up for classes for Spring Quarter.

Snowflake Saturdays

I am really into snowflaking and or snowballing debt repayment.  If you follow Dave Ramsey at all, this is the method that he uses in his book.  Anyhow, since I am gazelle intense (ha, another Dave reference) on paying things off, I thought I’d start a new series to hold myself (and you if you’d like) accountable.

So, what constitutes a snowflake or a snowball?  Essentially, for me, it’s any extra money that comes my way that I wasn’t planning on.  For example:

  • Things sold on eBay, craigslist, or unused items returned.
  • Extra paycheck if you are on bi-weekly pay.
  • Any extra money from a 2nd job or overtime.
  • Any raises received.
  • Any money received in bonuses.
  • Any tax refunds.
  • Any extra cash received as gifts, etc.
This past week I sold my Blackberry Bold 9930 from Verizon on eBay for $320.  I love that phone, however, I have the identical phone ordered for me at work.  I paid $199 for my phone and ended up making a tiny profit.  I also worked some overtime, and received $400 additional in my paycheck.  Those two things alone added to a $720 extra payment to my targeted debt, which in this case is my visa.  This payment is on top of the $650 that I just sent them on 3/1, making my total payment to them $1370.
On my spreadsheet I actually projected an additional payment of $1350 for the entire month of March.  This bit of extra money will make my goal achievable much faster.  I still have 2 pay periods left and just got a raise yesterday where I will have a bit of extra money coming in.  My biweekly payment of $650 will be increasing to $760, or approximately $1520 a month.  I haven’t had the time to play with my spreadsheet yet but I am certain that this will make me debt free sooner than May 2014!