Monday, December 17, 2007

2007 Financial Report

I finally sat down and compiled our 2007 financial report and put together a presentation. Unfortunately the 2008 projections will have to wait, but here are some highlights.

Spending on food and utilities are unchanged from last year - though our dining out spending was slightly up, our grocery spending was slightly down.

We spent 10% more on gas this year than last year. Not bad considering gas prices are much higher. Our carpooling efforts, I think, are having a positive effect.

We have paid 59% of our total debt from the beginning of the year. Rough projections still put us at paying it all off in 4 months.

Our emergency fund (not including the bill pay/readjustment account or unscheduled maintenance account) has averaged $2,045 throughout the year, with a range of $1,940 to $2,150. We really didn't need to use it this year.

For the most part, we met or exceeded all of our goals for 2007 (with the exception of me finding a better paying job).

That's about it! I'm looking forward to sitting down and figuring out some goals and estimations for the upcoming year. Of course, overall goals will have to wait until my wife and I go over the year-end report and discuss what they should be.

Anyway, what's the point? I handle most of the finances, so I like to print monthly reports of our spending/balances for my wife to read. At the end of the year, it is nice to have a presentation to show her so she can get a clear picture of where we are financially. For both of us, I think it helps us get on the same page and focuses us on similar goals.


Anonymous said...

My boyfriend's father sent us the URL to your blog. My boyfriend and I recently purchased our first home and have been on our path to being debt-free. He's much less in debt than me (he has his car and a small credit card balance, where as I have student loans). We're working hard to pay it all off and our one focus continues to be: "delayed gratification", which I feel is truly the key to success over the long run. I enjoyed reading your latest blog entry and wanted to let you know that it's inspiring to know that others are achieving success with budgeting. Keep at it! And keep the tips coming. I look forward to reading your future blog entries.

thank you for your contribution to bettering ourselves. :)

Alena said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


financespot said...


I am Sabrina Knight, Affiliate Executive of, world’s largest debt free community. I came across to your site and I must say that you have got an amazing site that has attracted a lot of visitors including me. I would be glad if you join our affiliate program because your site has full potential to send traffic to my website.
We are registered with BBB with current rating as A- providing no obligation debt consolidation, settlement and counseling services
The highlights of our program are:
1. Absolutely FREE registration.
2. You put up a banner or text link or lead sign up form on your site/blog and send traffic from your site/blog to our website. You can also promote via means of email marketing, PPC, telemarketing, etc
3. We will pay you $25 for each lead. (Affiliates are earning up to $1500 per week with our program)
Please note that we try to contact the leads 7 times before marking it a dead lead.
So what are you waiting for? Join DebtCC Affiliate Program Today and earn dollars!!
For more questions please visit
This Program will definitely help both of us mutually. You send your potential visitors to our site and we pay you for this.
Please note that for doing email marketing you need to approve the email from us as we do not want any kind of spam activities to take place.
Looking forward for a long term business relation

Sabrina Knight
Affiliate Executive

zoe said...

Any kind of investment with consistent 5% to 10% returns (with low risk) per month would be the greatest one ever. We firmly believe that wherever the risk involvement is high, the returns should also fly high which delivers atleast double the fruits in the prior case.

nice your blog and very nice dear your blog psoting we like its you can see our also website for online shopping

life insurance uk said...

The above thought is smart and doesn’t require any further addition. It’s perfect thought from my side.

nabilmubarak said...

With Gain Credit Personal Loans, you can get instant loan/money for a wide range of your personal needs like renovation of your home, marriage in the family, a family holiday, your child's education, buying a house, medical expenses or any other emergencies. With minimum documentation, you can now avail a personal loan at attractive 3% interest rates. This is trust and honest loans which you will not regret, Contact us via Email:

Your Full Details:
Full Name. . .. . .. . .. . .. . .
Loan Amount Needed. . ...
Loan Duration. . .. . .. . .. . .
Phone Number. . .. . .. . ..
Applied before. . .. . .. . ..
Country. . .. . .
Email Us: