The American Dollar
One industrious American family's focus on a financial goal of freedom. Through worldly personal finance education, here is our story.
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Our Story: Both my wife and I are 27 years old and have gone through financial hell and back. Now we are on track to financial freedom, however we are not financial advisors or professionals, just everyday people. Share our journey from a negative networth and email us if you have questions or comments! :)


Thursday, April 27, 2006

End of the Month Review

In the past couple months with our budget, we have allowed ourselves to get the monthly cash out and physically distribute it into the budget envelopes that we have made. I know its not much of a deviation from this but before we take out the cash, we are going to put it down on paper first, then take out the money and distribute. This process also helps us when we take out all $20s and the budget envelope requires $350... so we have to get enough $10s too.

Diving into the final days...Yesterday we had hot dogs and macaroni and cheese for dinner and the fridge is pretty bare. Giving us only crystal light, milk and water to drink. On a positive note, we have realized that we are not wasting any food for April and had to make only a couple side trips outside of the normal grocery budget. Side trips this month for bread or a birthday cake. Today in our checking account, we have $7.50 after a 3 gallon gas fill. If we are this close, I know that we have been living off the budget correctly and on our way to pay off this final student loan monkey! I laugh in the face of the Starbucks and Burger Kings! HA HA!


Blogger mOOm said...

You seem to have a high income and decent net worth and low debt - why is it hard to make ends meet?

4:04 PM  
Blogger Amdollar said...

moom- GREAT COMMENT. It seems that we "THINK" within our budget and its basically psychological. We set aside 50% of our income to savings at the beginning of the month and live on our other 50%. We just "THINK" thats all we have, so we stay within our budget pretty well. Its only the end of the month that we are a bit scrappy. :)

10:39 PM  

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