Our first budget period ended yesterday, and it was a big success! We managed to stay within our limits for each category, and most important, did not swipe a credit card to pay for anything. We even ended up with an extra $150 that went unspent during the two weeks, which is a new thing for us. That $150 will go completely towards our debt snowball - which we are starting now.
We budgeted $120 towards groceries, and only used $110 - this was in large part due to good planning by my wife. For the first week of groceries, we only spent about $60, and saved $40 with store promotions, coupons, and competitor's coupons, so we were able to easily get everything we needed to get.
We started our next budget today, which this time around has to include our mortgage payment. We paid the majority of our monthly bills on the last pay cycle, so we are in pretty good shape. We should even have enough money to throw our daughter a nice birthday party (she is turning 3).
A nice side-effect of our budget success is that for the first time in a while, I feel good about our finances, and not the usual stress that comes with the monthly bills!
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