Family

Budget Power

My wife and I sat down to do our May budget. Here’s how the conversation went: Me: So, how much do you need for kids’ clothes this month… Her: Oh, about 100 bucks… Me: Cool. What about groceries/food? Her: Maybe 500/600 dollars… Me: Sounds about right. Let’s see, that’s 150 for electricity, 65 for cable, 100 for phones… Her: Oh yeah, I’ll need a few extra dollars for next weekend… Me: Say…50 bucks? And I’ll need about 50 for golf this Saturday, is that cool? Her: Sounds great… Etc. Etc. Etc. We talked through each bill, each situation, each event… Notice what we never, ever had to talk about? DEBT!!! Credit Cards!!! Auto Loans!!! Why? Because, we are debt free,…

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Family

All Aboard…!

Waaaaay back in April of 2005, right before I started this blog, an event occurred which changed my financial life. My wife and I sat down and created a budget. Yes, we sat down, worked together, and formulated our spending plan. This single meeting lead to much of our “personal finance” success. We were, and are, on the same page. Here are five keys to our success: 1. Create goals 2. Be positive 3. Discuss the facts 4. Learn to adjust 5. Be realistic I am clearly the “nerd” in our family, so my role is to create the overall budget plan. I print out a monthly calendar, list the bills that I know are going to be due, and…

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Family

Pictures Worth About 10 Cents

I always like blogs where I get to see a glimpse of someone’s “real” life. I thought that I would do a quick picture-essay of a little project I like to call: “Cleaning Off The Kitchen Counter”. The home that we live in has this little set of cabinets that are away from the sink and the stove. The counter top above those cabinets is a magnet for junk and clutter. The time has come to clean it up! Follow me: Here’s how the Kitchen Counter looked before I got started. (Actually, I started, then realized I wanted to do this project, so I just put everything back on the kitchen counter and “re-started”. I needed a “before” pic, so…

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