Lost. That’s how I feel when it comes to our money, and our budget, absolutely lost.
It’s different when my wife and I have just graduated from Financial Peace University, created a budget, paid our bills and put money in the bank. Life is good during a time like that. We got some extra income in because we are reaped what we sowed. Then we decided we are ready to buy a house because we had some extra cash, and it’s probably the next best thing to do. After all we don’t want to be retired and still trying to pay off our mortgage. Along with our sons who were getting old enough to be pretty independent, we just had a new baby girl, I had to put her in her carrier in my truck to move the last load from our little rented duplex to our new four bedroom home. I was all smiles.
Looking back on it now, I can see where our mistakes were. We should have stayed put. Karen just had the baby and we had forgotten how expensive it was to just do that. I should have let life reach some kind of equilibrium. I should have let the money we received grow in a bank account somewhere and used it as a down payment LATER, when we were ready. Life could have been different. The moment we signed those papers, we started rolling down hill, and we never recovered, not really. The utilities were different, the travel was different, the money was different, we never set the budget in stone again, and we spent crazy amounts of money to make an older house half way livable so we weren’t spending so much on energy bills and the kids had a warm, or cool place to sleep depending on the season.
Now as I take a very clear look at our REAL money, not what I think is there, not what I think we spend, but what we actually do, and I see what we actually have. Now, five years later I’m staring at a budget that looks like this…
I’m pretty stressed. I’m pretty horrified.
Loki’s our dog by the way….
When I look at this budget and list, it’s not a huge deal, at least I don’t think it is. There’s nothing on here that is just crazy, other than phones and car insurance that I will be posting about later on. To be honest, we have been coasting so long with what we had, and it may have been just enough, that when an emergency hit (I’ve had some medical issues that needed some attention), and the car broke down in the same week, well, the avalanche stopped. There’s not really anywhere else for it to go; we are at the bottom of the mountain. Oh sure, we have a little in retirement accounts, but we know that if we go there, that’s just going to prolong our perpetual bloodletting.
We have decided enough is enough. This blog is a tool my wife and I are using to get our bank accounts back under control. It’s not about sympathy, we are suturing our wounds, and plan to make this blog our accountability check. I plan to give at least a report two or three times a week on what we are doing to crawl from a money hole back into the light. If you are family and friends, encourage us. If you are someone just like us, follow our lead, it’s time we get wise about spending and do what needs to be done to stop the madness. It’s time to start crawling back up the mountain to conquer it. We hope and pray that as we find hope, and we will, that you do too. We’re starting with a budget of $20 for savings. If the Lord’s willing, and I believe He is, it’s time to make it grow.