This past weekend, my husband and I sat down to do our annual exam of our household budget and savings plan for the year ahead. We thoroughly look at our budget and realistically examine potential expenses and find ways to cut/save money for the upcoming year.
We have built out and customized an awesome excel sheet template which is an extremely helpful resource for us. I can share if anyone is interested! Having a firm understanding of your budget can allow you to prepare for future expenses (i.e. school, home projects, home maintenance issues, etc.), reconsider what items are truly important and remove things that waste money all while challenging yourself to become a better saver. This sheet is what helped us make the jump for myself to become as stay at home Mom (and of course my husband’s career, we were blessed) – we number crunched and saw the opportunity was possible!
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