Yesterday was payday for me. I allocated my funds by prioritizing my financial responsibilities, including tithes, my student loan, and credit card payments. In light of forthcoming student loan obligations, I adjusted my bi-weekly contributions to my Emergency Fund to $150.
Here's a breakdown of my allocations:
- $361 for tithes
- $500 for the student loan
- $225 for credit card debt
- $178 for my electric bill (factoring in budget billing)
- $1,200 into savings, designated for various sinking funds such as Christmas, birthdays, HOA fees, home repairs, mortgage, Emergency Funds, and car-related expenses.
I plan to organize my cash envelopes today; typically, I do this on payday Fridays, but I was so tired yesterday that I didn’t.
I'm also looking forward to tomorrow, it’s the last day of the month, I’m excited to see how I did. This month, I've diligently tracked my spending. I believe I've recorded all expenses in my MSMoney software, a tool I wish they'd bring back. I anticipate my financial figures will look quite positive.
My largest expense this month was the fence repair, which depleted my home repair funds. Nevertheless, I'm grateful to have had the cash on hand for repairs. Sinking funds works!
September 30th, 2023 at 02:53 pm 1696085606
October 1st, 2023 at 03:44 am 1696131867