The hubs and I were really, super determined to make November an awesome month financially, and I’m proud to say that despite several setbacks, we drop kicked November in the face! Or… we gave November a really big hug for being awesome…however you want to look at it.
First things first, we saved 60% of our income last month! We’ve never done that before in all our lives. It feels great!
This means we now have a fully funded moving fund for our big move in May, and we are now at $8,500 in the babies’ savings fund. We have just $1,500 to go to complete the babies’ fund, and then every savings goal we set for this year will be fulfilled. Exciting stuff!
How We Did It
I’m not sure if our method for tackling this month’s financial goals will help others because we are in a really unique situation right now. However, I’ll still break break it down yo just in case it helps light your fire…
- Lack of Rent: We didn’t have to pay rent in November because I am staying at my parents’ house, and the hubs didn’t have to pay rent because it’s his last month in Grenada (and we paid first/last month’s rent when we moved to Grenada 2+ years ago.) That saved us almost $1,000 right there. Plus I don’t have a car loan on my 12 year old vehicle (but my readers abroad can check out yes loans if they are looking for one), my car insurance is minimal, and I really wasn’t eating out or doing anything fancy out of my own pocket because my other half isn’t here!
- Constant Communication: The hubs and I kept in near constant communication about what we spent in November, and the hubs was awesome about keeping lean this month since it was just him hanging out in Grenada. He still got to go deep sea fishing with his friends and out to eat, which was all budgeted for, but he made a ton of meals at home when he didn’t have to and for that I’m sending him a big virtual smooch! I’m such a big believer in getting your spouse on board if you want to start aggressively saving and paying off debt.
Basically, you can’t get on the ship and sail towards financial freedom if your spouse is sinking it!
- Working Crazy Hard: After some slight dips in my blog income from August – October, I was so determined to really rock it in November, just to prove to myself that I could do it. I had a lot more energy than I did during those earlier months, and I wanted to take advantage of it. I got some new writing clients, was more aggressive in pursuing ad deals, and made one large writing contract for 17 posts in advance, which was paid upfront. So, all of those things contributed to my highest blog income month yet. Plus, I’m still working diligently at my day job, so I had double income. Lucky me, except I worked a lot, a lot of hours (you don’t even want to know!)
All in all, we could have handled this opportunity to save money in November in two ways:
1. We could have gotten all excited at the extra space in our budget from the lack of rent and gone wild at the mall, enjoying our excess income and living lavishly.
- or -
2. We could recognize it for what it was – an opportunity – and decide to work hard together to make sure we saved as much money as possible for our growing family. Had we not had to buy four new tires or pay some medical expenses in November we could have saved more than 60% of our income, but we’re still super excited about the progress and hope to have another great month in December!
How is everyone else doing with goal setting and budgets? It’s a brand new month! Time to get cracking!
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