Something happened this month with our finances which I’ve noticed has become a reoccurring theme.
At the beginning of the month, when I planned out our budget, I underestimated Eric’s take-home pay because we still didn’t know what his salary would be. When he finally did get a full paycheck, we were pleasantly surprised thrilled to find out it was about 35% more than we had expected. With two paychecks a month, that’s a heck of a lot of extra money to our budget!
Now, the correct “pay off our debt” thing to do, would be to continue to live off the previous budget and put all that extra money toward our debt. Or at least toward buying that flatscreen I’ve been wanting. Or my gym membership since these jeans are starting to create a little muffin top.
But of course, doing the right thing would just be too easy. We have to make it difficult and write about our failures.
So let’s face it–we didn’t save up that extra cash. Instead, we spent it. On what? I’m not really sure. And isn’t that the worse? When you look back at your budget and ask yourself, where did all that extra cash go?
TRUTHFULLY–I must admit we would have been fine this month except for TWO unexpected expenses (and to think I thought we were done with those!).
The first was our poor child broke his foot! (okay okay OKAY! I accidentally closed the door without realizing his paw was in the crack! I’m a horrible mother, I know!) That little accident brought us a $222 vet bill.
Now, we managed with the $222 vet bill and paid it off right away because we had the cash–thanks to our excellent budgeting. BUT, then we got a lovely $391 exit bill from our last apartment, which we completely thought we had finished paying!
Wrong, wrong, wrong. I’ve never lived in an apartment complex before, but I assumed a landlord’s responsibility was to pay for the paint between renters, and for the cleaning, and carpet cleaning. They not only took our original deposit ($100) but on top of that, gave us the bill for all the extra services. BLEH!
Unfortunately this unexpected bill sent us over the edge budget-wise. I hate being sidetracked! We had to dip into our savings in order to pay next month’s rent.
Considering how much extra income we had this month–on top of Eric’s extra salary we hadn’t accounted for, we also got $150 from another garage sale we had, and another $80 from Eric’s tip money–there really should not be any excuse for how much we spent.
I think one of our goals in November is to stick to a tighter budget (don’t I say this every month?), perhaps allotting money more realistically, and giving us some wiggle room so we each don’t feel suffocated.