Gilroy, CA – Budgeting!

Well, we have regressed.  Well, not really.   As discussed in the last post, our credit card activity consists of a bunch of expenses followed by a lump payment.  So, our journey is going to be a little disjointed.  I’m trying to figure out a way to have the credit card payments keep pace with the expenses so that we have a better feel for our actual progress.  There will be a back and forth element to it, but when you start seeing cities from northern Oregon or Washington, you know that we have made some actual progress.

The truth is that we have made real progress in that we have come up with a budget.  I put it together last weekend with input from my wife.  It was basically an updated version of what we had before, but what counts is that it was updated and is currently providing a way to measure our expenses.  How are we following it?  On mint.com.  Check it out.  It’s a great site and I highly recommend it.  It also has an app that you can download to your smartphone.  I love the app!   Today I paid cash for a lemonade at Wetzel’s Pretzels and immediately entered the transaction into my phone.  So, are expenses are now being tracked and they are being compared to an actual budget.  This step will probably be the most significant step we take in our entire journey.

Also, I enlisted the help of my 5-year old daughter.  I explained to her as best as I could what a budget is and what we are doing.  She enjoyed typing in the budget amounts on the Mint.com website and enjoys sitting with me while we look at the recent transactions picked up by Mint and making sure they are hitting the right categories.

Well, that’s it for now.  On to Oregon!

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