A Revelation

It’s been about a year since my last update, truth be told PF had fallen to the wayside over the past year. However, today I opened an account at wesabe.com to try and get a clearer snapshot of our financial situation. It’s a pretty neat tool, but it took me for ever to tag all of our transactions. However, it was worth it to get a better picture of our spending. For example we spend a lot less eating out than I figured we did. Interestingly enough we have about 25% more money saved than I thought, but save 20% less than I thought we were saving. I thought we were saving close to 45%, but it turns out that our YTD is closer to 25%. Granted that I was jobless for 2 months of the year so had I been working that figure would probably be higher. 25% is a good amount, but it’s not amazing considering how hard we work at saving!

Basically, I realized that no matter how frugal we are or how much we save we just aren’t going to get ahead unless our income increases significantly.

And that is where I need to focus my efforts.

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