Why Money Matters

Rubbing Pennies started as a personal challenge to save $10,000 in one calendar year. As a young couple, we (Ian and Jen) know how important it is to live within your means, avoid acquiring a lot of debt and have a healthy financial cushion to fall on in case of emergency. On April 10, 2010, we set out on the journey of marriage with two steady incomes, a newly purchased home, one vehicle payment, and a very modest savings account. In an effort to beef up our piggy bank, we launched Rubbing Pennies in January 2012. This is our story of how we love the life we live, and how we can afford it.

Monday, July 9, 2012

Finally Making Progress

   We noticed our credit card bill was creeping back up into the "unaffordable" range since January when we had great success in drastically cutting our bill. Our goal for June was to get it back into our comfortable zone. Well, we did it! In comparison to February-May's bills, June was - at a minimum - $500 lower than any other bill since January. We followed a simple rule of thumb, "If you can't put it in your belly or in your gas tank...don't buy it." Anything that was not a necessity was put on the back burner.
   In addition to the low(er) credit card bill, Ian has been killing it at work. His hard work really paid off this month with a nice little commission pay check. All that extra is going right to the savings account and NOT toward a high credit card bill. #success
   Our goal for the next few months is to enjoy the summer, the boat and the hunt camp without spending a bundle. The urge to buy new fishing and camping equipment will have to be squashed! Make due with what you have is the key. Remember, there are people out there that are happy with less than what you have.

No comments:

Post a Comment