Sometimes New Year’s Resolutions are made out of desire, sometimes they are made out of necessity. The most effective ones might be a combination of the two…at least that’s what I’m telling myself!
2016 is starting off in a state of transition for us. My husband is making a career shift, which I fully support, starting this month. It wasn’t necessarily “sudden” because we made the decision two months ago, but it certainly wasn’t “planned”.
2016 is going to be the year we finally set a budget and stick to it! We are choosing to do a zero based budget with only my salary starting in January.My one and only (new) New Year's Resolution in 2016 Click To Tweet
Budgeting in the Past
Budgeting isn’t a new concept for us – everyone knows it is a good idea to budget. The habit of budgeting just hasn’t been established yet for our family. We have a rough idea of monthly expenses, but have been inconsistent in the past of tracking it every month.
As a newly married person, I read about Debt Proof Living by Mary Hunt. This is where I first heard about the snowball method. She has a monthly newsletter that used to come by snail mail (that was a long time ago!) that I was a member of.
I listened to Crown Financial Ministries’ radio show every day while making dinner. They have a Crown Money Map that I still have and refer to. We even attended a one day seminar that they had nearby us several years ago.
We’ve also had the opportunity to see the Dave Ramsey’s Financial Peace University dvds. We’ve loosely kept the 7 Baby Steps in mind and are working our way down the steps (is that the proper way to say that?).
Currently my main source of information is podcasts. I’ve listened and still do listen regularly to The Dave Ramsey Show and The Suze Orman Show (now over). I recently started listening to So Money and enjoy her interviews with guests.
Applying what we know
Whew! That’s a lot of head knowledge that needs to be put into consistent action! I’ve tried Mint and Excel Spreadsheets. I’ve tried writing it on paper. Nothing has stuck…so far.What head knowledge do you have that needs to be put into action? Here's mine Click To Tweet
I’m sold on Dave Ramsey’s belief that you have to tell your money where to go with a zero based budget. I’m giving it a try this month with his free budgeting app EveryDollar. So far I like the way it’s working. It was easy to set up and easy to add the expenses. I also like the fact that you can access it on a desktop and an iPhone because my husband has an Android.
So our 2016 new year’s resolution is to begin budgeting again. I’d love to have you join me if you’re budgeting too. I’ll be writing about our progress at least once a month. I expect this zero based budgeting to take several months to really establish – if not more!
This post will be shared at these link ups.
I’d love to hear your budgeting story and tips in the comments!