QuestForAMillion.net

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!

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One Response to “Budget Category Update”

  1. 1
    Joshua Says:

    Great job. Keep up the good work!

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