Thursday, December 17, 2009
December is always a time of reflection for most people. Embarking on a new year, attempting to do things different from the year before. As I reflect on 2009, I see a lot of accomplishment and I am so proud of many things that have occurred in my life. However 2009 wasn't such a great year for my finances because honestly for the most part I neglected them.
This year I am seriously seeking debt freedom and I don't want to have another year fly by without having done everything I could have possibly done to become debt free. So as I look over last years expenses I noticed I was doing a lot of unexpected things. Car repairs, home repairs, trips and shopping. Even though I will be going into 2010 in the black I am way off target for paying off stuff and I know it was because of the unexpected. But alas I have a solution!! Put it in the budget!!
I realize I am a woman after a clean heart, meaning I like everything simple. I thought I was getting simple by creating an unrealistic budget. How so you ask?? I did everything In my power to keep everything 0 dollars. I figure the less zero's I saw, the less I was spending right? wrong!! Because I didn't plan, I ended up spending more that I should have on certain things. The way I plan to keep from doing that this year is being realistic. I know my car is going to need some type of repairs, I am gonna wanna take a trip to somewhere, and by golly I am definitely going to go shopping for new clothes. If I allocate something, even if its only a little to each of these accounts, it won't be so devastating when I actually do need to spend the money.
Hopefully I will have a budget sheet on here soon for everyone to use and go through the process together. So people, what are some of the things you plan to do differently with your money this year? Inquiring minds would like to know.....