Tuesday, January 30, 2007

"Found Money"

Now that we know the 'steps', and we have a mostly workable budget. We have to come up with a plan for what Dave calls "found money". That means leftovers in the budget, cash gifts, overtime/extra income, refunds, prize money, income tax return. Blow Money is a separate category, not found money. I want to be seriously serious about debt reduction. I propose that that found money go to whatever step we are on, with the exception of money for birthdays. Birthday money is considered 'extra blow money'. But everything else goes to 'THE PLAN'. After we get past babystep 2, then we can revisit this.

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