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I have to report that we finished up December in the black yet again!
The extra cash amount we ended the month of December with was.......$3,787.26.
We had $3,595.01 left over of DH's salary after expenses were deducted. Add in $175.25 of Rebates applied to the food expenses, along with $17.00 in rolled Coins and you have a deposit of $3,787.26 toward the Savings Challenge!
Our monthly target is an average of $2,500.00 to reach our Year End Goal. We passed the $30K yearly target mark in November.
As for the expenses in December.....there were a few large bills. The credit card bill(which is paid off each month)was over $1100(had to replace my computer's hard drive among other things) and 2 car repairs cost us over $1500 as well. There were also some smaller non-regular or quarterly bills, like paying for the replacement retainer for Daughter's ortho and the sewage bill. Then both the water bill and the electric bill came in VERY high this month...ouch.
It's a good thing there was an extra paycheck this month because otherwise we would have barely had anything to throw into the Savings Challenge pot after paying the bills.
The good news with December is that nothing I bought for the Holidays was put on a credit card. Hubs did put his gift to me on the card and we have some Dining Out on it(Daughter's Bday, Steakhouse with #1 Son home from school and Christmas Eve eating out tradition at the local Chinese Restaurant). Add in the usual gasoline purchases and such and we still will have a substantial CC bill but nothing swollen beyond being able to pay it all in January.
No interest, no payments being dragged out until June or worse.....yay!
The Food Budget costs for December are in another post, which is located HERE. The actual Food/Toiletries spending in December was kept low due to the large rebate amount received that month.
YEAR-END GRAND TOTAL.....
With December's addition we ended the $30K Savings Challenge with a Total of $34,019.88 saved for the Year!
I am so happy with how much we've been able to save in 2010. This is $10,000+ more than we saved in 2009!
It was a great year! I think the key to staying on course and having a good result was to keep track month-by-month and doing it publically. If I had no one holding me accountable how easy would it have been to have just stopped putting the money away when things got too hard? Yep, it would have been very easy to let it go and go on spending sprees for junk we didn't need.
So how was your December financially? Leave a comment and share with us what you did with your money, both the good and not-so good. Do you have any tricks or tips that help you to end your month before the money runs out? Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!