We are 93 days into Project Money. Ninety three days. Ninety three days we have been focusing on our financial habits.
I began noticing that whenever we both have the day off we would inevitably go shopping. We would be sitting around the house having coffee and chatting and one of us would bring up something that we had been wanting to get. The other would say, "Why don't we run some errands and go get it then?" And we were off, Best Buy, Target, Budget Bikes, wherever we thought we needed to go. The thing about money is we work hard for our money so why can't we enjoy it? The short answer is we can. And that is just it, the short answer is short sighted. If we act and don't think before we spend our money we can enjoy the little shopping sprees now but what about the future? If the bills are paid and we spend the extra however we want then do it all over again every two weeks where will that get us?
The biggest step we took was putting all our income together into a joint checking account and then each of us having our OWN checking account. When our paychecks go into the joint account every two weeks we both then get the SAME SET amount transferred into our own accounts. How did that help? On our previous shopping sprees there wasn't too much accountability to each other for spending. We both trusted that the other one knew how much money they had, what bills were being paid and what was left over. We were living separate financial lives. We now REALLY discuss purchases. But also, if one of us wants the newest Avenger Movie on Blu-ray and the other 'needs' a new bag for fall we can look at our own checking accounts and decide if this is what we want to spend our money on. We now work as a team for the family finances but have retained our individual freedom also.
This is an awesome feeling!