The Dreaded 'B" Word - BUDGET.

It strikes fear into the bravest of us especially when we have been living outside our means and racking up the credit card balances.

I am trying to put together a workable budget to achieve our goals. It's hard!

We get paid monthly so monies hit our bank account on the 15th of each month. Luckily, my DH is in a vocation where he can earn extra money freelancing.

This is what I have got so far:

Monthly figures

• credit card payments & snowball amounts $700.00
• food/groceries $350.00
• entertainment $200.00

This is the discretionary spending I have some control over and can save a few bucks here and there.

The rest of our income goes toward mortgage repayments and utility bills. These are fixed costs which I cannot change at the moment.

We have stopped putting anything on our credit cards so everything is strictly cash. No cash left - can't have it! Tough love alright but I am determined to do it. DH is on board as well so makes life so much easier when we are both moving towards the goal together.

Any amounts left over at the end of the month and any extra income coming in will go directly towards snowflaking the CC debt.

I am not going to disclose our income at this stage as my DH would be mortified if I did, even though I am writing this anonymously. He's funny like that...

I'd love to hear your comments on this post