My informal budget plan-- to spend no more than $400 a week for everything, such as diapers, formula, clothes, gas groceries, etc...ALL of it-- is actually working.
It's crazy. It's been about six weeks since we've started and it has been on the mark or slightly under every single week.
As a result, I was able to up the contributions to the kids' 529s by $50 a month and add $50 more a month to the savings account. In another two weeks, I may feel confident enough to up the savings a little more.
All of this, and we have still spent on extras and stayed under budget. I bought most of the kids' Christmas gifts, paid our entry fees for warrior dash, and bought some fancier cuts of meat to help me feel less deprived on my 6-week weight loss diet.
I guess I wonder why I didn't do this sooner.
Budget is working!!!!
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I became inspired to "save" as much as I could from the "spend" envelopes. It is unrealistic for me to think about doing that during Nov/Dec (our high spending months). But I am inspired now to see how much I can save while spending.
Good going!
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It's amazing how much better we do financially we have a plan..even a really simple plan.
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