9/13/2010

Allowance Adjustment

On the tail end of our engagement and the prospects of buying a house within the same time frame of less than a year.  Jordan and I have decided to make a change to our allowance.  Part of this decision came from the realization that it's a pain in the but to have our allowances and still have to budget for our phone bills, hair care, clothes ect.  We both want a truly 'splurge' account rather than what we're doing now.

So, over the next week or so we'll be calling our cell phone providers to have them bill our joint account.

Our new allowance will be $25/week instead of $100/week.  We'll now have to have to have a few more conversations around clothes, personal care products and pretty much everything else that will be considered 'joint'.

I'm looking forward to this change, I think it will help keep us on track and save our our house/wedding even faster.

Related Posts:

  • Joint Emergency Fund GoalNow that Jordan and I joining our financial selves, we will have to look at some of our goals jointly.  The first goal we looked at was our emergency fund.  It currently has just over $500.  Here is a picture o… Read More
  • Allowances at WorkI think this whole allowances 'thing' is really working. During one of our excursions while on our camping/cabin-ing trip we wound up shopping.  I bought two new great sweaters (total was $55.68) and a new bathing suit … Read More
  • Joint Spending UpdateI spent an hour or so on Wednesday morning sorting out how much Jordan and I had spent so far with our joint credit card... I had a feeling it was creeping up faster than perhaps we had intended it to.  We did know, that… Read More
  • Joint Credit Card - We Chose!Before Jordan and I left for our camping trip last week, we submitted an application for a joint credit card.  As it turns out,  it takes a bit of effort to get a joint card.  Only one of us could apply (which … Read More
  • Approved!We haven't received anything in the mail as of yet, but I called BMO Mastercard - and I was approved!  The next steps inlucde getting Jordan a card and sorting out what our limit should be. They actually approved me for… Read More

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