Goal # 3 for the year of the goal is to get our financial house in order. WOW what a major under taking, but something that must be done before we become empty-nesters in the next couple of years. In an effort to help me keep on track with this goal, I'm going to break it down into sub-goals.
Contact our current mortgage company and work with them on reducing our interest rate for a better payment. We completed this goal on March 8 and reduced our payment by $293 a month! - Pay-off our son's truck. Our plan is to have this completed by June at the latest! Every extra cent we get right now is going toward this goal.
- Build a "Bill Binder". After hours of researching how to handle budgets and bills, I've determined that this will be the best way to handle things so that Ed is aware of our finances too. (Poor guy, he's clueless!)
- Develop a Budget and a Spending Plan. We've always sort of functioned with a "budget"--meaning what comes in goes right back out. The goal for this year is to develop a budget that allows us to concentrate on debt reduction. I'm still researching this one.
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