Car repairs had laid us a little low and the auto insurance is coming due. I think to myself, “Self, take the money from the emergency fund and put it on the credit card you’re going to have it billed to (because 3% amazon credit) and everything will be fine.”
We get a check from the side-job and I think to myself, “Self, you’re a genius and here’s how you’re going to do a genius thing. Deposit that check right into the emergency fund account! You are so smart, self, now pat yourself on the shoulder because you’re not nearly flexible enough to pat yourself squarely on the back!”
I’ve deposited checks from this party on numerous occasions and it takes two business days to clear. I’m used to it. Before I would say I was knowledgeable. Now I would say I was spoiled.
I was shocked when my mobile deposit screen said the money would be on hold for five business days. So the check I deposited last Friday still isn’t available today on a week later Friday! It will be in there and liquid on Monday. I don’t know about you, but I think that’s a long time!
I don’t need the money. I don’t plan on spending the money.
It still bothers me.
Wihtout further ado, however, here is the current rundown of what’s going on!
Expenses for MAY (I’m not paying these yet but they’re all due sometime next month)
$260 – Rent (savings)
$496 – Car Payment (we’re at under 6k left that we owe!!)
$195 – Gas/Electric
$440 – Auto Insurance (6 month bill)
$151 – Credit Card Auto-Bill (Internet/Renter’s Insurance/Cell Phones)
$779.11 – Walmart Credit Card
$308.11 – Amazon.com Credit Card
$1,144.72 – CapOne CC (We have stopped using this one.)
$2,270.33 – Chase Visa
$260 – Top off emergency fund to $1000
Current Liquid Balances
$289 – Checking Account
$760 – Rent Savings Account (Nov – Jan $2250 by Nov 15th)
$740 – Emergency Fund (Included is the $400 deposit not available until Monday)
Incoming as of Today
$700 – Side Job Money (not bricklaying)
$334.74 – Two days working last week (He got a promotion to 60% apprentice over the winter.)
The incoming deposits will be available on 4/29. (TWO business days. See? Gah. Never again!)
Projected Incoming in the Next Week
At least another week on the side job ($800? $700? $200? Really, I can’t be sure. In addition, we have a tentative return to bricklaying work scheduled for mid-to-late next week. All this means I don’t have any numbers on income but he’s doing SOMETHING that will get him paid next week.
We received another check today for $700 and I’m obviously going to deposit to checking so I don’t have to wait over a week to have access, but I’m trying to decide what to spend it on!
I would love to use the Incoming Payments pay off the Walmart card and the Amazon store card. I just have to make sure there is more than enough room on the Chase Visa card for the Auto Insurance autobill on May 18th. (I hate paying extra for the monthly payments. Hate!)
I’m just kind of at an impasse here because the income is SO up in the air.
But…I think he’s going to continue working. Sure, it’s a risk but there’s also an emergency fund. I would love to just get those two cards paid off. It would feel like we’re making some real forward progress.
I think that’s what I’m going to do. Pay off the $1,087.22 (Walmart & Amazon) with the $1,034.74 in checks we deposited today (that will be available on Wednesday) and the $52.48 difference will come from the checking account, since we only leave $200 in there for living expenses.
The math sounds a little funny and “too good to be true” but I think we can swing it.
What do you think?