Home > New month, new budget

New month, new budget

March 1st, 2007 at 02:02 pm

After discovering my electricity bill was 4-times what I'd been expecting, I finally picked myself up off the floor and resigned myself to paying the bill in full (of course). There is definitely enough in my checking account to cover the electricity bill, but I did find I had to juggle around my usual money-allocating plans. As nerdy as it sounds, it was actually sort of interesting. Each month, I typically put $500 into my roth IRA, and then $500 into various investment accounts. I'd already done that, so the electricity bill will get paid off by my "bonus" money- rebates and bank bonuses- which I'd been hoping to put towards something more fun....but the bills have to be paid first. Thus, the kitchenware I'd been planning to replace will have to wait.

Wow. Money maturity moment! I am able to plan for my expenses and shift spending to make I avoid debt and pay off bills in full. What an "adult" thought! =)

1 Responses to “New month, new budget”

  1. jIM_Ohio Says:

    One thing we do is put the money in IRAs at the end of the month. For situations like you describe (which have not happened as of late).

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