07 Mar
Budget Category Update
Now that we’ve transferred the car and student loans to a 0% credit card, we’ve tweaked our budget categories as follows:
- Committed Expenses: 65.44% (down from 72%)
- Fun: 4.30% (up from 4.16%)
- Irregular Expenses: 5.38% (down from 5.55%)
- Savings & Debt: 17.9% (up from 11.09%)
- Retirement: 6.98% (down from 7.2%)
All the money we’re saving on the loan payments is going to Savings & Debt. Some of the number changes were due to recalculating our average monthly income, which is up a bit.
As more debts get retired these numbers will continue to change until we can hit our targets. Our #1 financial goal right now is to get rid of all debt except the mortgage as quickly as possible. Progress is being made!
Great job. Keep up the good work!
March 8th, 2008 at 4:26 pm