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Banked The Raise

July 16th, 2015 at 04:40 am

Well, actually I paid the raise against my credit card. As it was a snowflake I added it to the Banking the Difference Challenge- this challenge has now moved from the $2500 area to the $2600 area, so a bit of progress is good.

I estimated that the credit card would be $3,992 at the end of the year, so then I figured if I pop the raise of $40 per month on there too, by the end of the year 6 x $40 = $240 will be paid, leaving a balance of $3,752 - which is just slightly over a month's pay for me!!!

It will feel so much more manageable to be able to repay!!! I can see that the balance will drop down quickly after that.

On another note, I have been busy party planning the last few days. I'm using a really helpful app to keep track of guest rsvps, how long until the party and the to-do list. I'm pretty confident that it will all run smoothly. My sister Inlaw is really talented at making birthday cakes and has offered to make B's birthday cake as a present for him, which is really sweet.

5 Responses to “Banked The Raise”

  1. snafu Says:

    Kudos to you for making a plan and sticking to it !! Are you finding it easier as time goes by or is the change frustrating? I wondered if you have continued with meal planning. I find it's more effective in winter as in summer it seems to be some type of salad with a topping of protein [fish, poultry, ham etc[. that DH has grilled and a vegetable side. We're not used to this uncomfortably hot summer and DH is so pleased that he's lost weight with no effort.

  2. scottish girl Says:

    You're doing so great!

  3. VS_ozgirl Says:

    Thank you both! In some ways it's easier because plans have been created and put into place, but it's still challenging as the 52 week challenge money is paid for from our weekly spending money, so we must always leave $106 aside no matter what. I'm more motivated now we're seeing results though and it's great to feel rewarded. Haven't really been meal planning but as B will be getting a low pay next week we will be Aldi shopping and meal planning, just like we were at the start of the year. Happy to hear your DH is losing weight! In summertime rice & curry is nice, also light pastas? You can move away from salads if you get over them and still make affordable meals.

  4. scottish girl Says:

    I agree, it is more motivating when you see the results Smile

  5. FrugalTexan75 Says:

    Good job!

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