As we slide into November, I wanted to take a second to share an update on our new index card strategy for keeping ourselves within our budget.
It's still working!
What a relief. It's one thing to devise a system and an entirely different thing to implement it consistently.
We didn't do as well this month as we did last month in terms of diligently recording every purchase. Sometimes, I might have recorded a purchase two or three days after the fact, which meant that the system lost some of its accuracy.
However, I'm motivated to recommit to a little more diligence by recording purchases the day of.
So far, this system is helping us seriously increase the money in our bank account. It's amazing how easy it is to frivolously spend money if you're not conscious of it. Honestly, I don't really miss any of the stuff we're no longer buying (whatever it was).
For a while, I had to stop our automatic saving plans (car, vacation, baby, retirement, etc.) because we were hemorrhaging money, and we needed to use our savings to cover our general expenses. Now that they are activated again, I'm eager to watch those accounts grow with little to no effort on our part.