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Too Close for Comfort

June 18th, 2018 at 04:53 am

I think we're going to take July to focus on building a buffer for August. Thank goodness I'd at least started sinking funds because raiding that gave us some breathing room. By my forecasting, we'll be $40 short of covering everything (with no grocery spending and minimal fuel). We should be fine though because that's not accounting for little brother's rent payments which we should have at least something before the next paycheck. That's also banking on some sort of increase. Our performance reviews and any subsequent increases go into effect on our next paycheck. While I haven't received official word, I feel confident that I will at least get something based on conversations with my managers and my performance. If I go to minimums for July, then I think we can save about a third of next month's income (maybe closer to half if I don't replenish the sinking funds just yet and instead categorize to the buffer). It's not much, but should more than cover the delay of paycheck that we'll again face in August. Once that paycheck finally comes in, we'll be able to go back to normal...although, is there really such a thing?

I'm really hoping we'll come out a bit ahead with all of this since I covered all expenses from my paychecks. DH's delayed paychecks are fair game to go straight to buffers/sinking funds since they're not needed to pay anything back. Also, I'm pretty proud that I was able to do this without 'borrowing' from the EF. In the past, I wouldn't have hesitated to take what we thought we needed.

3 Responses to “Too Close for Comfort”

  1. rob62521 Says:

    I think you are smart to to spend less than you make and plan ahead. There is a comfort to having that buffer in case something would come up.

  2. crazyliblady Says:

    I guess I missed something. Why will there be a paycheck delay?

  3. Debt-free by Thir-ty Says:

    DH is working out of town. Since it's a 3 week assignment, he won't get paid for it until the whole thing is complete, so we're going close to a month without one of his paychecks.

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