2011 Financial Goal
Financially I can humbly say that we are okay. By stating we are okay means we are not badly in debt and yet we still don’t have huge savings in the bank… it’s just enough to get us by. We can provide for Ren’s therapy sessions and can still pay the brand new townhouse we bought last June from Camella in Daang Hari, but still, sadly, we cannot avoid to use our credit cards.
This 2011, as the one in charge with the house budget, I am planning to get rid of ALL our credit cards and start pushing ourselves to live our life without it. Going out without a credit card can help us control our spending and it may increase our savings in the bank as well. I am also thinking of having a Time deposit or setting up a small business in our province.
How can we achieve our plan if we have minimal income? hmmmp……. discipline… and we need lots of it, and no more to impulse buying.
I have a few ideas that I am thinking to cut down expenses, check it out:
- We can cut down unnecessary items in our grocery list like foods that make us fat: candy, wafers, cookies and chocolate biscuits, and instead increase on our water intake if we get a little bit hungry. This way we can hit two birds with one stone, slimmer and healthier body and a happier wallet.
- No more watching TV from morning till night instead the TV will be opened for 2-3 hours only during the day. This way our electric bill might go down a little.
- Use Chikka online when we need to text other people when we are in front of the computer, this way we can cut down on our cellphone loads.
- Since I am working twice a week now, I am planning to keep my salary in the bank and will just use my husband’s salary for our monthly expenses.
I am looking forward to shout ” I am not rich, but I AM DEBT FREE!!!”
photo via: http://pantsinacan.com
How about you what is your Financial Goal this 2011?
what ever happens in life we should always remember to live life to the fullest