Archive for June, 2010

All in One Place

June 30, 2010

Tracking our money has been going okay this month. I’m sure there are small purchases here and there that we’ve failed to record because we’re so out of the habit. Since tomorrow is the last day of the month, I should have it all finalized before the weekend. I’m anxious to see where we sit.

Our main banking institution is USAA. I love it. Good thing I married into it. 🙂 Last night when I was checking our accounts, I realized they have an option to add other non-USAA accounts. So I did. Here’s a breakdown of where our cash is stashed:

Primary Checking (through USAA)
Small Savings (currently called Insurance and Travel, through USAA)
Secondary Checking (through a local bank, used to pay our car loan, which is through that bank)
Large Savings (through ING Direct)

We used to have multiple ING savings sub-accounts (Europe, Car, Gifts, etc) but those all got wiped out/combined into our main one. I think we will break them up again soon, when we know what we’re saving for…

Anyways, those are all fairly accessible funds. It’s nice to know we have a fair amount of money if we should need it, but I also look at the total and think “where the heck does all of my salary go??”. It should be very interesting once I’m not working full-time.

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Time to regroup…

June 1, 2010

Apparently naming my last monthly budget as “We are now serious December 2009” was the biggest joke ever. I didn’t track our spending past December 2nd.

Six months later and I’m determined to get back to watching where our money goes.

So how have things changed in the last few months?

Well, we’re no longer a “double-income” family. Mr D2S was laid off February 1st. Thanks a lot, economy. We have a lot of hope that when the city’s new fiscal year starts (one month from today!), he will be rehired.

Also, we’re well on our way to no longer being a “no kids” family. I am 33 weeks pregnant. 🙂

Financially, I still feel like we’re very secure. We have relatively little debt (mortgage, small car payment, and student loans) and absolutely zero credit card debt. While our future regarding jobs (who’s working and where) is uncertain at the moment, the worst case scenario would be that I go back part-time after the baby is born and we live off $50,000 a year. And that isn’t all that terrible, minus that I want to stay home of course! And minus the fact that Mr D2S is so sick of being unemployed. 😦 Poor guy.

I’m very anxious to see how much we spend this month. And of course, more importantly how much we can set aside. Having a little extra stashed before the baby arrives will be reassuring.