August 2009: Financial Progress Update

in Goals

August like many months this year has been busy. It got started with a bang with the wedding and now we’re also working on buying a townhouse. This was not a spur of the moment puchase, but we’ve been keeping an eye out for awhile while we were building our savings.

We carefully looked at the costs of home ownership before we went looking at specific places. Hopefully this will work out and I’ll share pictures in a month or so of our new place.

Before you buy a home, see if it makes sense.

Before you buy a home, see if it makes sense.

Last month I was also a part of HP’s Better Together Back to School Giveaway. It was definately exciting and I’ve met some new readers on Twitter.

Our Financial Goals for 2009

  • Debt: We would like to pay off my car loan by March 31, 2009.Goal Met.
  • Debt: I’d like to reduce our expenses in August by 10%. Not Met This Month.
  • Spending: We’re going to limit eating out $100 this month. Goal Met.
  • Savings: We want to have 3 months worth of expenses saved by December 31, 2009. Work in Progress
  • How We Did in August on Our Financial Goals

    Debt: I really need to work on this a bit more. Our current bills are pretty much the same which is good. I did search for home insurance options this month and found somecompanies with premiums 30% less than competitors. That counts for something, right?

    Seriously, I will be working on reducing some of our expenses this week, so we can free up some money to build the savings a little more than usual.

    Spending: We only we went out last month once with some friends. It wasn’t intentional; we just didn’t see something that intrigued us. I’m kind of proud of us. We’re now looking at eating out as a special event and inviting people over more often.

    Savings: We’re trying to sock as much money as we can for house expenses and savings. We will not empty out our savings for this house. The plan is to have some money still in savings as a cushion.

    Your Take

    How are you doing with your 2009 goals? Have you had some unexpected changes?

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    Photo Credit:  Fabio

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    { 2 comments… read them below or add one }

    1 larryheard September 2, 2009 at 8:34 am

    Seems that everyone is cutting back their expenses and save as much as they can. Your looking good so far. In my part, I’m staying away from interest so I try to save then buy and stay away from unnecessary expenses. If I could have it at home then I’ll keep it at home.

    Reply

    2 Matt Jabs September 2, 2009 at 2:57 pm

    Way to go Laura… keep pushing the envelope. It is important to put our goals where they seem to be just out of reach. It makes us strive harder! :-)

    Reply

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