10/24/2011

A Financial Year in Perspective

A little more than a year ago Jordan and I had merged our finances and were learning about each others money management styles.  There was one particular conversation that we had where we were both feeling a bit exasperated.  I felt like money was going down the drain and Jordan felt like we saved too much - we both didn't understand where all the cash was going.

It was in the weeks following that frustration that we decided to stop using personal debit, credit and cash sources and use a single joint credit card account - that way, we would both have access to it at any time and we could both see exactly where the money was going.

I started doing monthly spending recaps as we learned where are budget leaks were.  You followed along as Jordan and I battled our addiction to Wendy's Fast Food and Coors Lite.  You saw us working to keep our wedding budget in check and stay on top of annual expenses too.

In our most expensive month - a whopping $4,585.36 -  went down the drain.  In our least expensive month we spent $1,515.15. 

Below is a re-cap of our financial journey from the last year - thanks to everyone who followed along and provided us with such wonderful support and insight.

We're looking forward to another year long journey as Jordan and I embark on home ownership - which is sure to be a financial game changer.

Related Posts:

  • Monthly Spend Report In all the years that I've been tracking our spending, this month has been our lowest spend.  Incredible! I've included our March spend, and the average for 2016 so far. You can see that not only did we spend no… Read More
  • June Spend ReportWe were out for a family vacation when the beginning of July rolled around, and I missed posting my June spend update.  I thought I would post it now. Here it is! Everything is pretty much standard with the exceptio… Read More
  • April Spend Report  Here we go...another month has gone by. We spent about $150 or so more than we normally do on groceries.   We had a cold run through the house - first Jordan, then me and Little Man, and then my mom. It hit my m… Read More
  • May Spend Report Here's the May spending report.  Groceries was high, in part because of a Costco shopping run to stock the camper Pantry and top up some things here. Entertainment and gifts was higher partly because Jordan's family w… Read More
  • February Spend UpdateAnother month gone...I feel like considering we drove to Alberta five times, we made some real progress here. We spent about $230 more in gas this past month, but $161 less in groceries and $175 less in eating out.  W… Read More

2 comments:

  1. You have sure learned a lot. And learning to work together is probably the most important thing.

    ReplyDelete
  2. It's been an awesome year and rewarding in so many ways. You've learnt a lot and shared a lot and in return I and I am sure many other readers have learned a lot. I look forward to another amazing year full of experiences, adventure and loaded with lots of golden nuggets of knowledge.

    ReplyDelete

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