Revamp

I am revamping my savings plan to accommodate some new goals for 2013. A lot has happened since I posted last. 

First of all...I got engaged!!!
Thomas proposed on October 27, 2012, at my favorite winery in Grafton, Illinois! We are now planning a June 2014 wedding. 

In addition to planning and paying for our wedding, we are also making plans to purchase our first home. However, before we can pay for our wedding, save up to make a down payment on a house, and qualify for a home loan, we first need to pay off all of our debts. We currently both have credit card debt and Thomas has an auto loan. 

Saving money is now more important that ever! We figured that in order to pay off all of our debt, pay for our wedding, and put a down payment on a house, we will need about $42,000 (this is an over-estimation, but I always recommend over-estimating). However, that is about what our combined annual is income averages out to be. There is only 16 months until our wedding, so we will need to be setting back at least $2,625 per month in order to meet all of our goals. 

All of the posts from now on are tried and true ways that Thomas and I are using in order to save money. Happy Saving!