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More Debt Paid and YNAB Update

September 24th, 2015 at 06:08 pm

Sooo...we have been tracking all of our expenses on YNAB. My husband seems to have more transactions than I do! His are smaller though usually. We didn't actually budget categories until tonight. Yep. About nine days after pay day. But this was good for us, because we could see how much we had already spent in the categories and were able to determine/guess how much we would need for the remainder of the month.

As a result of us finally getting our budget in YNAB we decided we did have plenty to put towards our Citi credit card balance which I mentioned yesterday. After making a $1084 payment yesterday and then a $1432 payment tonight, our new Citi balance is $986.75. Ah, so much better to get that paid down to a much more reasonable level.

I also did a little tweak to our normally scheduled payments. I usually charge our Verizon bill to our US Bank Visa at this time of the month and then pay it in full with our paycheck on the first of the month. I decided to change that to the 15 of the month paycheck, since the US Bank Visa bill isn't due until the 7th of the following month (or in the case of the current bill, Nov 7). Making this change allowed me to change when I will pay our electric bill. I was going to pay it now with current funds, but realized it isn't due until Oct 10 and if I moved the Verizon payment I could pay it with our paycheck on the 1st of Oct. This freed up nearly $260, which I promptly sent to the Citi card. I like it when I can find extra cash.

We technically have $409 budgeted that we have not spent yet. And there are just six days left to go in the month. It feels we have finally turned a corner. It is possible some of it could be related to YNAB, but I think primarily it is just that our spending has come to more reasonable levels again after the move and college beginning. Whew! Feels so much better to have things under control.

I will add a little caveat...more spending is coming. We will be taking at least one trip by airplane this fall, maybe two. And then there is still a possibility of some new furniture. It does help to be caught up...or close to it at least. It helps make the trip(s) and furniture seem possible without pulling from the savings we have worked hard for.

I need to remember to budget to pay for YNAB next pay period. Smile

3 Responses to “More Debt Paid and YNAB Update”

  1. VS_ozgirl Says:

    Definitely being able to cashflow the trips and furniture rather than withdraw from savings is a great motivator!

  2. FrugalTexan75 Says:

    Whether it's YNAB or just the spending flow slowing, I'm glad it's working for you guys! Smile

  3. livingalmostlarge Says:

    That's amazing that YNAB is going so well.

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