Lately we had a financial problem due to our two credit cards. Whenever my day job calls me for a work-related travel, the finances management falls to GH's lap and hence I have to rely on his frugality to keep everything in order. But since GH don't bother to write or calculate the expenses we overcharged from the original budget.
By now you get the entire picture of where I am getting at. For three months (with birthdays and holidays to attend to) our debt mounted to 30k.
Not big enough to have the credit card people on our tails but just enough to freak me out. So we have to start with the adjustments on how we spend money.
With the cooperatives that GH have, he was able to raise the 30k to pay off the debt. He also received a total of 10k from his mid-year bonus hence we have around 40k to workout with.
We were able to pay off 30k and save the 4k for the life savings. The online earnings of around 2k was added to HB's kid savings account and we were running on a budget of around 30k a month.
I know that I am still a little bit behind with the credit card debt paying lag but I was able to acquire a scholarship to go to graduate school. This new undertaking will be posting another 10k income for the family. So by this month I will be able to pay off the entire credit card debt and hope to purchase a new home or lot.
I have browsed and bookmarked sites about frugality and hope to make use of them when I find time. But for now, I have to finish the 5 article that is due tomorrow. This will be worth around 2k so I think by the end of the month, with the paypal money that i have HB's savings will be around 10k. The 10k hopefully is going for a time deposit account.
Goodnight folks, no photos yet since I am still trying to make things organize with all the blogs and online jobs and of course the day job that I have.
Til next time!