Setting Financial Goals

Ok...this is sad but true. I am 44 yrs old and I finally have managed to have a 200.00 cushion in my checking account for end of year. I've maintained this cushion for over 6 months. I am now a grown up.

So...Now that I've reached grown up statis what is the next step?

Well, I've been brainstorming strategy. After much deliberation, I realized I am in the position to pay all of my bills out of the first paycheck of the month. Hmmmm....What to do with the second paycheck? Once a month grocery shopping and a large chunk will go to savings!! WOOOT WOOOT!! I have a plan! AND it is do-able.

Now, I make a modest income. Take home is approximately 1200.00 a month. I was horrified to see that I was litterly blowing 400.00 a month and for the love of Pete (Puma), I couldn't tell you where it went!

So how to accomplish this amazing thing? There is a wonderous invention called....drumroll please... a CALENDAR!!!! In the words of the ancient Pharoah's...."So it is written...So shall it be done!"

My first paycheck of 2011 is on the 4th. That day will be a day of celebration. I will take the cushion and 100.00 from that check and open a savings account. WOOT WOOT!! I've already set back 1/2 of the bill money so there will be a small surplus and enough to purchase groceries until the second paycheck. During the 2 weeks between I will work on a monthly menu plan.

I am all powerful! Mwahahaha I will call this "The Money Plan". Budget is such an ugly word.

Have a great day!