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JAM Interactive Budget Program
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Spending Fast – A Couple of Surprising Challenges
At the beginning of this month, we were (myself included) slightly skeptical on how we would fare on the spending fast this month. Would we starve? Would we go through spending withdrawl? Would we quit halfway through?
So far, none of these questions have been as challenging as we thought. I know this because Dana mentioned [...]
Emergency Fund – Where do I put it? Part 2
Your emergency fund is not the account that is going to build wealth. Your emergency fund should be exactly that: a fund that is accessible for an emergency. Our definition of ‘emergency’ may be different, but I think of emergencies as something unexpected, like medical expenses or a job loss. Christmas & Vacation: not an [...]
Just Ask Question – Should I sell company stock to eliminate CC debt
Should I sell my company stock worth $1000.00 to pay down credit card debt? I have $6000.00 in credit card debt and am putting $800.00 of my buffer into this each month.
This is an excellent question and first of all, awesome job on the buffer of $800.00! This hunk of money will follow you through [...]
Spending Fast – Behind the Numbers (our budget breakdown)
Dana and I have been receiving questions about how we are saving a potential additional $1200.00 this month. We decided to give you a glimpse into our very unexciting 2010 budget to show you how it’s broken down.
Our average monthly expenses for 2009 were $1452.00 above and beyond our monthly bills. Some categories we stayed [...]
Setting Your Budget
So, you are ready to start budgeting? This really isn’t as painful as you think.
Know the Numbers
Quick. Off the top of your head, what are your monthly fixed and variable expenses? What is your net income after taxes and tithe per month? What is the net profit or loss? These are the important numbers that [...]