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The Week In Review

August 6th, 2010 at 06:53 am

Financially, we had a mixed week.

With the accounts royally messed up by some combintaion of myself and the bank, we've had virtually no spending this week. We've managed to scrounge our meals out of leftovers and stuff in the freezer, so except for one trip to the farmstand, we've skipped grocery shopping for the second week in a row.

Unfortunately, while not spending is good -not spending because you're out of $ is bad. After a final accounting to confirm the bank didn't lose any $, I made the decision to start with a clean slate. I opened a new checking and savings account with a bigger bank, and we'll (hopefully) complete that transition next week. I'm excited about some of the features that come with these new accounts!

I secured a spot for my younger son at a new day care. The facility is not as nice, but the staff and the care seem good. Financially, we'll have a $25 decrease in our weekly payment. With the school changes starting in September for both boys, it looks like we'll be ahead about $688 a month.

Also, beginning this week, I began putting a modest monthly payment to my retirement account.

The first order of business is to make sure we're on track with our savings to meet our estimated tax payments. Next, we'll put together a savings plan to shore up the emergency fund and pay for summer day camp for my oldest -because for the first time, I'll need to pay separately for summer child care. Once that budget is in place, whatever's left will go towards CC debt.

I hope that in a couple of months I'll be able to post about some real progress on that debt!

5 Responses to “The Week In Review”

  1. creditcardfree Says:

    You will get to the debt. Getting things in order first is important, too.

  2. NJDebbie Says:

    I'm wondering, does the child care facility have summer camps for older sibblings? I think you are doing great getting things in order and starting with a clean slate will help you keep track of your finances.

  3. HouseHopeful Says:

    Sorry to hear about the bank problems. Starting with a clean slate sounds good Smile

  4. Jerry Says:

    It's good to have things arranged for taxes in advance, definitely. That way you have some insurance that you will not be terribly behind come April, and it will lead to being better able to manage the rest of the finances. Good luck!

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