Saturday, October 18, 2008

Cotton Pockets

At the beginning of this month, Trish, gifted me with some inspiration. It was just the "push" I needed to take the debt reduction plan to the next level. So exciting, people! Check out how pretty mine are.


The pink one with the circles and green interior was the gift. I later decided that if one was good two would be better and bought myself another one. Actually, Husband and I decided on 9 categories that we would pay cash for and once we put the money in the envelope we decided that we don't want to carry all the cash all the time, so I got one that matched my purse to put cash in that we plan to spend that day. (Another safety in the system.)
She makes and sells these Cotton Pockets and has tons of fabric choices.
If you haven't done the envelope system before this website, Debtbeater, explains how he did it pretty well.
What I loved about these Cotton Pockets is they motivated me to actually work a budget instead of just making up a budget report. I also got Dennis involved because I needed his help to make sure we were pulling out the right amount of cash for each category.
So we are halfway through the month and guess what?
The budget wasn't perfect. We are going to have to adjust a few categories... and I think it's great that I know this NOW and not after the month is over!
We absolutely made the right decision for us on using the debit card for fuel. We had cash for the fuel on the road trip we just took and paying with cash is very inconvenient.
We thought we were watching our spending before but now the experience is heightened. It's like spending money in HiDef and it makes you more accountable for your choices.
If you aren't doing this, I highly recommend trying it with one to three categories and you WILL be more aware of your choices and their consequences. Using a Cotton Pocket isn't necessary, you can use a regular envelope, but for me... it was motivating. Thank you, thank you, thank you for the gift!

1 comment:

Trish said...

Thanks for the kind words and the linkage! I hope you'll enjoy the Cotton Pockets. I need to get my latest designs up on Etsy.
It took us a good 3 months to fine tune our cash categories and we also use a debit card for gas. It really is more convenient that way and especially for me when there are a couple of kids in the car. I just make sure to enter the amount in the spreadsheet each time we fill up.
I hope that the Cotton Pockets help you (and me! ;))to achieve great success in your escape from debt!

The big plunge...

Starting Weight 193.8
Week 1 194.2 - +.4
W- 2 190.2 - -4.0
W- 3 186.4 - -3.8
W- 4 186.2 - -0.2
W- 5 184.0 - -2.2
W- 6 184.5 - +0.5
W- 7 185.0 - -0.5
W- 8 183.2 - -1.8
W- 9 180.0 - -3.2
W- 10 183.2 - +3.2
W- 11 179.0 - -4.2
W- 12 177.1 - -1.9
W- 13 175.1 - -2.0
W- 14 171.6 - -3.5
W- 15 169.9 - -1.7
W- 16 168.4 - -1.5
W- 17 165.4 - -3.0
W- 18 161.9 - -3.5
W- 19 165.4 - +3.0
W- 20 163.0 - -2.4
W- 21 165.8 - +2.8
W- 22 162.0 - -3.8
W- 23 159.8 - +0.4
W- 24 158.0 - -2.7
W-k 25 156.4 - -1.6
W- 26 154.3 - -2.1
W- 27 153.9 - -0.4
W- 28 152.0 - -1.9
August 30, 2009
W- 29 149.9 - -2.1
W- 30 147.7 - -2.2
W- 31 147.1 - -0.6
W- 32 149.5 - +2.4
W- 33 151.3 - +1.8
W- 34 150.2 - -1.1
W- 35 150.8 - +0.6
W- 36 150.3 - -0.5
W- 37 149.1 - -1.2
W- 38 149.8 - +0.7
W- 39 150.1 +0.3
W- 40 156.3 +6.2
W- 41 153.3 -3.0
W- 42 152.6 -0.7
W- 43 152.6 -0.0
W- 44 150.7 -1.9
W- 45 152.4 +1.7
W- 46 153.0 +0.6
W- 47 152.3 +0.7
W- 48 150.1 -2.2

W- 49 147.5 -2.6
W- 50 146.3 -1.2
...
...
W- 53 151.0 +2.0
W- 54 149.3 -1.7
W- 55 144.9 -4.4
W- 56 144.1 -0.8
W- 57 140.0 lbs. Goal!!!!