My current system for managing our household finances is super-simple. Here’s the entire process: Monthly Review On the last day of each month, I review that month’s budget, income, and expenses. I make a note of any budget overages or shortfalls I also balance our checkbook. Budget Creation After reviewing our budget, I create a zero-based budget for the upcoming…
Month: October 2010
Debt Reduction Success Stories
Debt Reduction Success Stories: I recently asked my twitter.com/NCN followers to share their debt reduction success stories. Here are some of my favorites: @Elle_CM has a great article about How To Pay Off Car Loan over at CoupleMoney. @FCN from Five Cent Nickel did an awesome thing and paid off his mortgage – in less than 10 years! That’s pretty…
Early Mortgage Payoff Update 1
Back in February my wife and I purchased our first home. Our first payment was due April 1, and posted on April 10.   As of today, we have made 6 regular, scheduled monthly payments. We have also made 4 additional payments – payments which are applied directly towards the mortgage principal. We have a conventional 15-year mortgage and we want…