Last night my conversation with my husband touched on our budget, as it often does. We are in constant conversation over spending, needs, wants, and goals where our money is concerned. I've been nitpicking our grocery budget to pieces recently, scrutinizing it as one of the spendy spots we could watch more closely. We've been shopping at QFC more instead of our little fruit market (due to convenience) and our grocery budget tends to dwindle way quicker with each subsequent trip to QFC.
Anyway, I was expounding on this when my husband says, "Justus-sweetheart, I know you like to analyze our budget, but our food costs are within budget still. We're not going over in that category, just spending all of it...and I've noticed we never talk about one budget that seems to grow into overspending proportions each month."
"What?!" I nearly shriek. "We have a horribles budget that goes over every month and haven't fixed it? How is this possible? How have we been overspending every month? Show me this budget and we'll fix that right now!"
He looks at me like I'm insane (obvs, I am), then says, "Books, sweetheart. Books. When we first created the budget you said the $100 each of us gets for spendy-spendy money in the beginning of the month would cover your book purchases. Then we added a $25 book budget for each month, but that immediately became $30. But, sweetheart, this month your book budget is $85 so far."
I sputtered indignantly, swearing that couldn't be right and surely some of that money--every bit over $30--was spent on book gifts. My husband needed only raise an eyebrow at me to trigger the memories of exactly what books I bought to nearly triple the book budget.
Naturally, I was left with no choice but to point out that I don't have a Book Budget. I have a Book Addiction...and then I started to laugh at myself very, very hard, for the whole budgeting discussion had come about because I had said the dangerous words, "Oh, love! I found a book at work today."
My husband is very good about readjusting our budget every time I come to him with that sentence. To me, each book is so unique and distinct and wonderful I don't necessarily connect one with the other. Also, we do readjust our budget together, which means no purchase (book or otherwise) is made without first ensuring the budget can take it, and there are sometimes (I've been spoiled by the rarity) when we can't squeak a few extra book dollars out, so I wait.
...but today I found a new book at work!
It's the most wonderful time of the month! Budget time!
Last month my National Student Loan was at a beastly weight: $22,887.23
My BC Student Loan sat annoyingly heavier at $6087.91
The evil credit card was at $5052
Finally, my husband's student loan was $2147
At the end of last month we owed $36,174.14.
So, what do we have this month?
My National Student Loan is still the ugliest of beasts at $22,655.31
My BC Student Loan may die of obesity at $6112.22
The evil credit card is thankfully dwindling and is now at $4297.95
Finally, my husband's student loan is $2040.76
Our new debt total is $35,106.24
We have paid off $1067.90 this month in principle.
You know what you do with debt? You give it "a HA! And a HI-YA! And then a OUU-WA!" (And don't forget to get one last kick in for good measure). We've been doing just this with our debt, though last month our spending felt all over the place (and mostly insane). Our fridge broke in the beginning of the month, spoiling a huge amount of our food, and remained broken for about a week, which meant many one-day meals. This isn't a budget-friendly way to live. By the time we got our fridge back, our grocery budget was already excessive. We had to expand it by approximately $200 by the end of the month, which cut into other areas but we didn't add to our debt...we just didn't pay off as much as we had hoped.
So, let's take a look at our debt....
Last month we owed $37,519.07.
A brief look at Canada reveals an ugly National Student Loan at a beastly weight: $22,887.23
My BC Student Loan is now the second highest debt load at $6087.91 (I *hate* how this one is increasing!!!!! #@$#%$@%$#%!!!!)
The evil credit card is at $5052
Finally, my husband's student loan is $2147
Our new debt total is $36,174.14.
This means we paid off $1344.93 of debt!!
We're rocking this. :) I'm so happy with how we've been working together to get rid of this burden, and we're on track to be rid of it by 2014 December still!
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