Since Mrs. MBG and I became debt free in November 2014 we have met ambitious spending goals. We have saved and spent about $10,000 toward a down payment. Close of escrow is estimated to be in late August 2015.
I attribute much of the success toward meeting big goals to the budget that I do for every paycheck. The rest of the success comes from Mrs. MBG's income which is more than mine. I save and scrimp every quarter. She reminds me to have fun. We call that date night.
In the previous two weeks the highest spending was on housing at 49% of income. Mrs. MBG's brother is getting married later this month so I budgeted to have the three night hotel stay paid for in cash. Budgeted in the Transportation category is $50 for new tires. They will be needed around November. I will be ready.
Budget is far overdue for a money makeover. To spice things up I decided to apply the principles that got me out of debt to help meet the goals of the budget.
Squeezing next months entire rent out of my first check. Rather than take $300 out of every paycheck, I'm taking all $600 out of the first paycheck. The goal is to free up the next paycheck to save a massive amount toward the down payment.
New to the current projected budget is $150 twice a month for the next seventeen months. Big goals will be realized after applying solid plans to make them a reality.
Australia in October 2016 is the travel goal, some people call it a honeymoon. In order to get to our goal we are each saving $300 every month. When it's time to fly we will have the $10,000 that we think it may cost.
Numbers make pretty good sense to me. Picture books make sense to everyone. So I turned the budget goal into a picture to visually know the progress at a glance. Every $1,000 saved will appear as progress toward the goal of $10,000. Easy.
It's all fun and games to toss around the idea of a big expensive honeymoon. Taking a vacation that is debt free with no vacation hangover requires a budget.
Comments: Visual tools are fun but do you think it will help me? Have you used a visual tool as motivation to meet goals? What was the result of using a visual to meet your goal?
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