I f#%^ed up!
After the babysitter (so I could take my oldest to the doctor without the youngest), gas in the cars, and an iPass toll payment the total dollar amount we had to work with was $1119.
$260 went to the emergency fund (bringing it back to $1000.)
$195 – gas/electric.
$25 – Amazon.com card minimum payment
$120 – I sent in a check for Abby’s summer camp.
$440 – to the Chase Visa. It was calculated as $240 for the shed / $151 for May auto-payments / $49 for uh…I’m not even sure…I had a list and followed it and usually after ten sets of calculations leaves me with a list I just execute when the time comes.
$35 at the store (toilet paper, etc.)
A list I executed and just realized left us with $44.
That’s a lot less than the $200 I try to keep for a week of living expenses. Sure, Mr. Brickie will get paid next Tuesday, but that won’t go through on the account as new money until Friday. So that $44 is our target spend for today (Thursday) through NEXT Friday.
I have obviously mathed very poorly.
DO NOT PANIC FOR ME!!
I have room on the credit card and a thousand dollar emergency fund and a rent savings account I try to pretend doesn’t exist but, let’s be honest, it does.
Five years ago this would have been a HUGE DEAL and I probably would have CRIED and overdrawn my account and tried to sell my blood. Overpaying or mispaying bills was the #1 reason we ended up overdrafting back in the day. Every once in a while I just bork the math.
I blame this on feeling unsure of my overall plan. I lost sight of my goal and without that focus? The outcome suffered.
This is the first time I’ve ever had a thousand dollars to spend and felt like I didn’t really get anything DONE with it.
I need to do a projection for May so I know what to aim for when Mr. Brickie gets paid. It looks like he will be working the entire month of May so I can start projecting with a full 40hr/wk. income and then write up what to pay down in order of priorities and then if there isn’t quite that much money we will just ignore the last item on the priority list.
A great reason to have a budget … when you lose your focus and screw it up? You’ll know really quickly and it will be the kick in the butt you need to get back on track.
Here is my May projection.
I can’t wait to see how different this is vs. the end of the month next month. What’s most important is having the plan and then I have a path to follow and don’t end up wandering lost in the woods and falling into a ravine. I love putting these projections in excel because changing the paycheck amount updates everything exactly how I need without more thought or calculation by hand that lead to human error.
My fingers are crossed I am able to get the Amazon and Walmart cards paid off by the end of May! (The Chase Visa payments of $40/wk. are for the iPass (tolls) to cover tolls and maybe a little buffer toward June.)
I used this hourly paycheck calcultor to get the numbers. They err on the side of being low from what I can tell when I calculted the paycheck I have in my posession to compare against. (Thre is also a salary calculator link at the top of that page.)
The current most-favorable projected date for the next promotion to 70% apprentice is 9/2/2015. I’m sure that will change based on weather or lags between jobs. But it’s a starting number and you know I love to have those!