Current Total = $9,655.00
-$28.00 To ROTH IRA
-$300.00 Casino (Emotional Spending)
-$1900.00 Checking
+$3.00 Even Out Amount
New Total = $7,430.00
UGH! Got some very upsetting news on the medical front yesterday. And to drown my sorrows DH and I went to the casino.....DUMB! Lost $300. So irritated at us. Besides that I have been consistently transferring money from savings to checking when it was needed, and then as soon as I got paid I would transfer it right back to savings......well this was going ok for awhile as I was always putting the money back into savings. But each paycheck the amount going back and forth kept getting bigger and bigger. And now it is almost $2K (which is about what our paychecks are combined) so that is not working and was never a good plan to begin with. I always transfer little amounts here and there to savings to even out accounts, or to get to milestones, and pay as much as we can to the mortgage, and if we go to the bar or the casino or whatever I always take it out of checking and I never compensate that amount from savings. So I keep digging this hole in the checking account. Err.....really the resolution to this is simple = BUDGET. I am just bad with coming to terms with "No you can not put $20 more in savings, you do not have $20 more in checking" or "I am putting $400 extra to the mortgage, but if I pay $500 that will get us to the next $1000 mark" so I just do it and don't think about "where" exactly the money is going to come from, until my checking is a blackhole! We are not overdrawn because our major bills (Discover that we put all of our expenses on and pay in full each month, and our mortgage) coinside with paydays, so at the bank it does not look bad....only in my checkbook register. I always think about how the next paycheck will cover this, and then the next one and the next one.....but it caught up to me now, so I had to transfer the $1900 to checking just to get caught up.....still not much breathing room though.
Emotional Spending 101
April 29th, 2010 at 01:11 am
April 29th, 2010 at 10:04 pm 1272578699
April 30th, 2010 at 09:00 pm 1272661247
Jerry
May 1st, 2010 at 06:52 pm 1272739929