So, you’ve been working hard to earn more income, you have been putting in the overtime and making yourself as productive and useful as possible. The boss finally realizes that you are worth more at your job and decides to give you a raise. Yay! What do you do with the extra money you are making? I think this question has a lot to do with where you are at in your path to financial freedom. If you still have debt and are still working to pay it off, then your choice is easy, just apply the extra to your […]
Alright, here goes! My first real Budget Report/Net Worth Update!What HappenedThis month was a pretty good month overall, but I think with how the paychecks fell at the end of the month, our stats were showing a little skewed. We will see next month anyways. We got a good chunk of money put away into savings this month getting us all that much closer to our Fully Funded Emergency Fund of 6 months of expenses! Can’t wait to get that done so that we can start investing, saving for kid’s college and paying off the mortgage!Net Worth – May 2015AssetsHome […]
Sinking Funds can really be a way to smooth out your budget and help you save for irregular expenses.
So, lately I’ve been very interested in reading and writing about raising our net worth. Since we just finished our 9 week class that we facilitated for the first time in our home called “Financial Peace University”. We have been following the Baby Steps that FPU teaches since 2011 and have since been able to pay off all of our debt other than our personal residence, replace our cars by paying cash, create a monthly budget that we follow, build up an emergency fund that is at this time 70% funded towards our goal of $15,000, and lastly, we’ve been […]