Ah, the budget. A thing ever one loves to hate. We, here at Henneke Farm, have put it off for a while. We were still in new house mode where everything needed repaired/updated ASAP. Then we had a family vacation followed by 2 emergency trips out east. Now we were scrambling for financial air so it’s back to square one. Hello Dave Ramsey!
We have been debt free for several years now and I can’t tell you how awesome that is. Truly, you have to experience it to know. We pay cash for everything so no worries about credit card bills. We live on a modest amount (for all 5 of us & 25ish animals) so we aren’t doing terrible but there was a lot of room for improvement.
Here is a snapshot of the system we had during the “haze”
I go to store and call husband from parking lot-
Me: “I’m at the store, what can I spend?”
Husband: “not much”
Me: “so….like you wanna eat beans this week?”
Husband:”no, you can get real food just not much”
Me:”I need dollar figures, I’m not a mind reader”
*I go into store and buy half of aisle 9 because we are out of everything
Repeat that about 3x a week for 2-3 months. Fun, right?!
Yeah, not so much. So we sat down and wrote it all out. My husband, who is techy printed out the budget. I am hands on and I had to write mine….to make the numbers “real”, you know. Then came the debit card verses the cash system debate.
My argument : I can keep better tabs on spending if I have cash and I’ll spend less.
His argument : It’s better to use a card because all purchases are accounted for online.
This went on for a while. It was a nice cicular discussion that tends to flow around itself and arrive exactly back at the beginning everytime. *sigh*
We ended up settling on the cash system with a challenge. I could use the cash from a recent sale for all of the food/household/animal purchases this month. Here’s the challenge – the money I would have taken out stays in the bank and I have a about $300 less than I normally would have to work with. Challenge accepted! One week down…3 more to go!