Bizarrely, I hadn't considered creating an annual budget, just monthly budgets. I'm eager to try it out now, though.
I think we're on target to spend $10k less than last year. We didn't truly start to budget until August last year, so I can't totally trust our numbers from the first 7 months of 2012, but I know we spent at least a certain amount, so I'm using that as our baseline to improve upon. So far this year, we have saved approximately 55% of our net income.