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, November 5, 2012

Only 2 Months Left!

   Although tucking money away lately has been really difficult, our last credit card bill was down several hundred dollars from the previous months. So, this proves we are still being very conscious of our spending and trying not to make unnecessary purchases. With our bills paid, we have a little extra in our checking account over and above our comfort zone so I'm dumping $400 into savings. We only have 2 months left in our calendar year to get out savings account balance to $10K.
   However, holidays are around the corner which means lots of spending. Decorations, food, gifts, office secret Santa parties, printing and mailing Christmas cards, travel expenses to visit family - where does it end? Now is a good time to set some ground rules for your household to keep your budget in check. 
  • Limit gift giving
  • Pot luck holiday parties
  • Make your own decorations
  • Do you really NEED another scarf?
  • Check online sources for cheap travel
See next blog entry for a holiday budget makeover!
  

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