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What's a good starting point??

March 24th, 2022 at 06:10 am

I am starting over in april, with a new budget as we have had so many expenses lately we are pretty much broke right now, everything is paid but we don't have much extra. So the first thing we are going to work on is getting $2000 into our ice account, do people think that is a good starting point?

We will then work on paying off our CC again, then put away and not use it unless an emergency pops up, once this is paid willprobably add a small amount to the ice account each month to get it up higher, eventually want 6 months of bills/living expenses but that will take awhile.

We will then start saving to maybe move in october, or may stay here, will see...either way it will go into our savings account so we can start saving to buy a house.

I have also decided after my next procedure (it was suppose to be today but wasn't well enough) I am walking away from doctors, will see my regular doctor and in may I have an endocrine specialists to see but that is it...I am going to get healthy and well my own way...after 5 years no-one can give me a diagnosis or help in anyway when it comes to my health, so will try to figure out on my own...and it is way cheaper our money can go towards other things.

Settled my daughters end of lease today, she moved out early and they had to get new tenants, which is fine but they wanted her to pay $822...yep I wasn't having that, quoted some law to them, argued with them for a week and today settled on $ that saved my daughter almost $500...and yes I was in the right so would fight them on it...and it worked...still have my step sons that we are working on but that is a much harder one to do...hopefully that will be finalised soon. 

Yesterday and today have moved half the house around trying to get it working better for everyone, so have heaps to put away but that is okay, I enjoy moving things and cleaning things it feels much cleaner and I think what we have done will help everyone more with their hobbies etc.

3 Responses to “What's a good starting point??”

  1. Amber Says:

    Way to go on saving the $500 fit your daughter.
    Regarding the starting point, I think everyone’s situation is different, and you have to start at what works best for you.

    For me, I started with my emergency fund, but I never stopped contributing to it while I paid off debt. It helped because when emergencies came up, I paid cash vs using my credit cards. Also while saving I cut expenses drastically, no cable, no eating out, and unplugged everything I wasn't using.

    I'm glad to see you've made this decision, I'm sure you'll do fine

  2. LivingAlmostLarge Says:

    Sounds like dave ramsey. $2k EF into ICE. I found that sometimes just getting a budget is a huge help. And I like Amber always liked having a larger EF. It's harder in HCOLA to not even have a month rent.

  3. mumof2 Says:

    I don't follow Dave Ramsey but more of the barefoot investor (guess it's the aussie version), I do budget, but so much has come up when it comes to specialists...when I think we are done then they send me to another one..we can only budget so much for them and this year we have just been cleared starting over.

    So starting april once we have paid all the bills we will start with our ice acct till we hit $2000 then figure out a smaller amount to add to each each pay after we reach the $2000 and will start on the credit card...thankyou for your input

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