My budget cycle runs from the 15th of one month to the 14th of the next. I get paid semi-monthly, and starting my budget on the 15th just works better for me. So I'm at the end of the budget cycle, and I have money left in the auto category. This is for gasoline, oil changes, etc. Right now, I budget $210/month for this expense. I set this amount back in the summer of 2008 when gas was over $4 a gallon, and I have not adjusted it even though gas prices have fallen significantly. When I filled up on Monday, I only paid $2.149 per gallon thanks to that 15 cent discount I get with my Kroger credit card. This is probably the ONLY category in my budget that I always have money left at the end of the month (unless I have a repair bill).
I only spent $99.89 for gasoline the past 30 days, and I have $110.11 left over.
Should I send it to one of the debts? Maybe. But, instead I send it to the savings account for the "new" car fund. No...I am not shopping for a new vehicle. I really hope the one I'm driving will last several more years. It already has almost 125K miles on it, but it's a good ride and I hope it stays that way. However, I know it won't last forever, so I try to set aside money every month for that next vehicle. So tomorrow, I'm transferring $110 to the new car fund.
This is probably a post for another day, but don't forget about those big ticket items down the road! Otherwise, when they rear their ugly heads, you'll end up incurring more debt.
Monday, Money saving madness, cheese ball recipe - At grandma's we do our morning chores, we take our bottle with for a snack because collecting eggs is hard work. Grandma and I dress alike and we don'...