Heather and I just finished our first full month using our budgeting system. I won’t go into detail, except to say it was fairly painless. I don’t know how much of our success was due to our really being on the same page, or due to the fact that very little happened last month to complicate things.
We are loosely following Dave Ramsey’s system. I never would have guessed being married to a business major with some accounting classes under her belt, that I would be the one to get to do all the detail work of getting the budget together and keeping track of receipts. Somehow that’s how things worked out though. I shouldn’t complain though, Heather has been really supportive, and I am happy with the system I worked out.
As I mentioned a few days back, we finished paying off my Escape. Our next goal is to build up a substantial “emergency fund.” We are using <online bank’s name censored> for an online savings account, it’s not quite by the FPU book, but I had an account with them already, and they sync really well with the existing <bank name censored> accounts I have. Back when I opened my account the interest rate was incredible too… It’s not quite as good now, but still considerably better than just a normal savings account.
-Jordan
** note: my editorial review board felt naming the banks posed a security threat, so the post has been edited accordingly.
Nelsons 