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Budget Committee Meeting

April 11th, 2008 at 08:56 pm

When dh and I got serious about our finances, we started having bi-monthly budget meetings. It may sound a bit silly, but it was the only way I can get his input on anything. Otherwise, he just tells me to handle it all.

At our last meeting we took a closer look at our "life happens" mini-accounts (auto, dental, etc). They have not made much progress in the past 10 months. We decided to take the same approach with those accounts as we would with a debt - snowball. Starting with the one closest to being fully funded, we will add extra money there. When that one is done, we will focus on the next. The idea is that this will eventually free up money to go into the house and full EF funds. It will also give us a bit more of a safety cushion.

I am glad dh is taking an interest. It takes some of the pressure off me. The budget meetings have been a wonderful finanacial tool for us.

Posted in Uncategorized | 4 Comments »

4 Responses to “Budget Committee Meeting”

  1. Maismom Says:
    April 11th, 2008 at 09:23 pm 1207948987
    1207948987

    I like you call it a "budget meeting" and I think it is totally appropriate. Managing personal finance is no different from managing corporate finance. (just different scale, I guess.)

  2. HouseHopeful Says:
    April 11th, 2008 at 10:44 pm 1207953874
    1207953874

    Budget meetings sound like a great plan. Glad you found what works for you.

  3. boomeyers Says:
    April 11th, 2008 at 10:48 pm 1207954116
    1207954116

    It is wonderful you both help make the decisions. My DH prefers the head in the sand approach.

  4. homebody Says:
    April 12th, 2008 at 12:50 am 1207961447
    1207961447

    It is absolutely not silly! DH and I were doing that and then stretched it to 3 months or when something is coming up, otherwise, yes.... I handle it!

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