When I first started looking into the YNAB system, I read the e-book about the Four Rules of Budgeting written by the founder of You Need A Budget. He said that when you are making BIG purchases, no matter the reason, it's hard to stop and step back from spending that much money each month and refocus on living using less money and budgeting wisely.
This past summer with Baby Cora on the way, we had some BIG purchases that needed to be made! Every month we were budgeting to drop almost all of our expendable income on something. From our Insurance Deductible to pay the Midwife, to paying for our Doula, nursery furniture, a new car... the list was endless. We depleted our savings in a hurry and haven't had a chance to build it back up.
For 2014 our goal is to regain some financial balance. Rebuild our savings, which isn't nearly as easy to do as our budget is tighter than ever with baby related expenses and paying on those fabulous hospital bills we incurred back in October.
SO, we have joined in the 52 Week Savings Challenge hosted by House of Rose!
I'm really confident we can complete it and I get a happy warm feeling inside thinking about having at least $1,378 in the bank at the end of 2014!
Wow, love this idea!!! I really need to be better at saving money, not spending it!! :)
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