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Weekend finance plans

September 17th, 2010 at 01:10 pm

Iíve been working on a budget spreadsheet in Excel that I found on a personal finance blog. Actually it was a snapshot this womanís budget and I liked the format of it so much that I copied it. Itís arranged in a way that makes sense to me and hopefully itíll work, unlike the many budgets Iíve tried in the past. For the rest of the year, Iíve assigned our bills to paychecks, allocated money for our various savings categories and some discretionary spending (such as groceries, gas and household expenses) and there is hardly anything left. Iím not liking what I am seeing.

I think that after we are paid today and Monday, I will transfer to savings the remaining cash in our checking account that was there prior to us being paid. That money will go towards our property taxes and then regular savings transfers every pay period will give us the money we need in December when the first payment is due.

Iím afraid to transfer this money though because then I wonít have a cushion in our checking account. I need to review the numbers repeatedly this weekend to make sure I havenít missed anything.

If Iíve calculated and anticipated our expenses correctly, we should have a pretty decent surplus in October and November, thanks to those months being our extra paycheck months. Since I budget our savings off of 24 paychecks, our normal savings transfer will not happen for these two paychecks, leaving us with a surplus that will be applied to our MasterCard. I think I can pay almost 50% of the card balance with this money.

On tap for today and this weekend:
* Cancel gym membership - annual savings of $696
* Call around for new internet/cable providers
* Get homeownerís insurance estimate from Costco/Ameriprise
* More tweaking/reviewing of the budget. Husband is paid today (Friday) and I am paid on Monday so I want to transfer the surplus after my paycheck is deposited.
* Hopefully this will be a weekend of no spending except for groceries and gas.

1 Responses to “Weekend finance plans”

  1. NJDebbie Says:

    I'm not sure if GEICO offers homeowner or auto insurance in your state, but if they do it's worth calling them.

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