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Budget Committee Meeting

April 11th, 2008 at 01:56 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.

4 Responses to “Budget Committee Meeting”

  1. Maismom Says:

    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:

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

  3. boomeyers Says:

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

  4. homebody Says:

    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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