Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.
Becky and Steve's Journey:
Off on the right foot
Week 1 is off to an okay start. This week is our son’s graduation from high school and our daughter’s 16th birthday. Next week our daughter heads overseas on a school trip and events like these, although expected, always seem to tip the budget. By adding a “Budget Alert” to Summit’s Climbr tool for “Extra Expenditures” we can see quickly how much we have spent towards these items.
We believe the biggest challenge for our family during this contest will be sticking to the budget, even though these and other events will keep occurring. Already though, Summit’s Climbr has helped us have a better idea of where our money is going each month, that doesn’t already have a “name” or isn’t a line item on our main budget. The other great thing I can do with Summit is set up automatic transfers to our savings accounts and name these accounts, such as, “Vacation” and “Taxes.” It’s way more fun to transfer money into the vacation savings than the taxes one, not going to lie.
We are excited to start this journey and hope you continue to track our progress along the way.