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Every month it is something

January 13th, 2014 at 11:09 pm

Christmas month, Chinese New Year month, 3 mortgage payment months, 2 month where semi-annual car insurance bill is due, month where annual life insurance bill is due... Month where taxes are due, birthdays. Than there are months where something expensive breaks...

UGGGG!

Posted in Uncategorized | 6 Comments »

6 Responses to “Every month it is something”

  1. creditcardfree Says:
    January 13th, 2014 at 11:22 pm 1389655331
    1389655331

    You know about most of those in advance and they come at the same time every year. We save for these kinds of things all year long, so we have the money when it comes due. It helps so much!

  2. Nika Says:
    January 14th, 2014 at 02:58 pm 1389711535
    1389711535

    I don't see how that changes the outgo amount. We are cashflowing these things every months, and than we have no cash left over.

  3. BuckyBadger Says:
    January 14th, 2014 at 04:02 pm 1389715359
    1389715359

    I think the point is that you trim your budget so that you have more to put into savings so that when these expenses come around you can pay them and not affect your "cash left over."

    Things that don't happen monthly can still be saved for.

  4. creditcardfree Says:
    January 14th, 2014 at 05:23 pm 1389720239
    1389720239

    It doesn't change the outgo, it's just a different way of managing the money. Although the amount you spend for Christmas, birthdays is flexible. You can look around for less expensive insurance or increase your deductible to lower the premium.

  5. BuckyBadger Says:
    January 14th, 2014 at 05:37 pm 1389721021
    1389721021

    I'm also assuming that all your savings (retirement and otherwise) is coming out ahead of all of this, so that when you say you're "out of cash" you only mean that you're out of extra money for food and treats and "wants," right?

  6. Nika Says:
    January 15th, 2014 at 02:51 pm 1389797496
    1389797496

    Yes, we are saving for retirement, and a tiny bit in taxable investments. The thing is when we do have a little bit of money left, it goes into a brokerage account and never comes out.

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