KadyDidIt

  sink·ing fund ˈsiNGkiNG ˌfənd/ noun plural noun: sinking funds a fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.   I have not been doing the Dave Ramsey plan long enough to really give my testimonial on the idea of a sinking fund, but what I can share is what categories I have decided to save for! From what I do know I believe my categories are a little different for my family because we are not homeowners, when you own a home you could have other expenses arise that I, as a renter, would not be responsible for.   Currently I have 6 sinking funds: MEDICAL ANNIVERSARY BIRTHDAY CHRISTMAS RANDOM GIFTS EYEBROWS   Ok, weird? Maybe. Let me explain.   MEDICAL Lucky for me, my health insurance is pretty good so I personally have never had an experience where I owed a lot of medical bills after a doctor visit (With that being said, my ...

  If you've been following any of my previous posts for the past few weeks you would have know that I'm trying to become debt free. Really, who isn't nowadays? I've become pretty obsessed with any and everything about budgets for the past few weeks and thought I'd share my two cents on the matter and share what seems to be working for me. Sell Your Items Now I'm not saying sell you bed and sleep on the floor or anything crazy, I just know WE ALL have a ton of stuff we don't use. You'd be amazed by how much money you are literally sitting on. I've been decluttering at the same time as trying to save money which has helped me a ton. In the last two weeks I have made over $1000 selling my personal items which I put directly into a savings account to complete baby step 1!   Cash Envelopes I know, I know, you're probably tired of hearing about it by now, but I'm obsessed. In the short time I've been using this system I have qu...

I have fallen into a worm hole reading and watching information on cash envelopes. Really, it's a freakin genius idea and I don't know why I haven't been doing this my whole life.  As you all know, I use a personal size Kate Spade Wellesley planner as my wallet. I purchased the above cash envelopes from Little Red Papers on Etsy. These come punched for different size planners as well as unpunched for every day use without a planner.  I figured out my income and broke down my budget for the biweekly period. This will be for the period of April 28th through May 11th. The envelopes come in a set of 6.  My categories are:  Groceries - $200 Household - $30 Gas - $70 Fun/Dates - $100 Eating Out - $50 Misc - $25 This is my first time using the cash envelope system and already after two days I've had a surprising change of heart for my budget ready self. It's true that when you actually have to use the cash yo...