It shows the debt repayment plan that I'm trying to stick to this year.
At a minimum I need to put $1000 towards debt repayment and I'm hoping that I can increase this amount. But there are things that I need to save for, specifically:
- Emergency fund. I'd love to see more progress on this and reach $1000 this year.
- Blinds fund. Our 5-year home ownership anniversary is on May 1st. I'd like to have all paper blinds replaced before this date. Even if they're not the dream vision I have for window treatments, I'd like to get real window treatments up.
- Best Friends Wedding fund: My best friend of 21 years just recently got engaged and currently their wedding plans include a destination wedding early next year (Feb 2013). At a minimum I must be at the wedding (since I'm in the wedding party). Ideally I would love for our entire family to go, but this will be extremely difficult to save up for.
My upcoming paycheque will reflect my new salary and the effects of not purchasing any food from the work cafeteria. I'm so excited to see the increase. When I think about it, last year I spent $1200 on cafeteria food, this is more than enough to get me to my best friends destination wedding. So I should really take that extra amount and put that away into the wedding fund, but of course some of that extra money should go towards the grocery budget, since we are buying more groceries now as well. And of course, I still need to get better at meal planning and putting our weekly grocery list together.