I have dreams one day my family will be able to go on a real family vacation. We camp at least once every year and I call that our family vacation but one of these days I would love to go on a real vacation, go to special attractions and stay in a hotel in another state.
I am subscribed to another fellow mom who managed to save 40K in one year in order to get her dream house without taking out a mortgage. I figure if she can save 40K, I should be able to save 10K, right? $5.000 to finish up the savings for the van we need and $5,000 for a vacation (hopefully we wouldn’t spend it all).
This suber money crunching will start officially in November since we are already in the mdidle of October and I keep track of our finances on a monthly basis. I know this will be a little difficult with Christmas just around the corner but I have been buying stocking stuffers the last couple months when I find neat things for $1 or on clearance.
New Monthly Budget (4 weeks in a month- if there are 5 paychecks it’s consider a bonus savings)
Incoming Money $ 2,500.00
– 120.00 Childrens College Savings (automatically transferred)
– 200.00 Daycare (I know this not a typical)
– 130.00 Healthcare expenses
– 200.00 Gas
– 200.00 Food
– 70.00 Car Insurance
– 550.00 Rent
– 40.00 Cell Phone
– 35.00 Gym Membership
Total savings around $800.00 a month
I will need to make a bigger crunch then $800 a month in order to save $10,000, so I will be testing out where I can save that extra $35 a month. Now this is all theoretic of course because I do impulsive shop a lot and have a habit of going out to eat instead of cooking at home, especially before/after soccer. Each month I will keep a tally of ALL my expenses and maybe the shame of having to put what I spent my money on will help me save it. I hope this will help me and help anyone else realize you can save money too!