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A few questions

April 8th, 2023 at 10:22 am

Just wondering if everyone who budgets do you have seperate accounts to keep your money in say POM (peace of mind/yearly bills), ice acct, car, animals, etc or just 1 and just figure out a monthly amount that needs to go into it...so it is available when the bill comes in...seperate savings...just those that need to budget I know some of you have lots of money so not really an issue...what other things do you add in your budget? or what budget tools do you use?

on other notes...we may not be moving...wanting to but housing is so scarce here right now...so we will see. Just found out that my niece has stage 4 melanoma...we are waiting to find out if it has gone to her lymph nodes or not...sad she has 3 kids (2 are special needs)...so hopefully they will get through this.

Still have my nephew here living with us..still looking for housing for my mom and him to move into...been 8 months now...so frustrating...really want our house back to ourselves...he is easy going and not a hassle but just need the space back for our daughter....can't believe its april already hubbys birthday next week he really doesn't want to do anything...

Posted in Uncategorized | 5 Comments »

5 Responses to “A few questions”

  1. Petunia 100 Says:
    April 8th, 2023 at 02:22 pm 1680963774
    1680963774

    I started doing separate sinking funds for various expenses maybe 5 years ago. It works well for me. I don't have a lot of money and it is helpful to know, at a glance, that this money is already earmarked.

  2. rob62521 Says:
    April 9th, 2023 at 07:11 pm 1681067485
    1681067485

    Maybe something will come available so you can find a better housing situation.

  3. Dido Says:
    April 9th, 2023 at 09:29 pm 1681075785
    1681075785

    Prayers for your niece!

  4. mumof2 Says:
    April 10th, 2023 at 07:39 am 1681112385
    1681112385

    Petunia that is what I have done as well...was just wondering what others have done or if there was a better way

    Rob62521...i am hoping so...really want to move

    Dido...Thankyou

  5. crazyliblady Says:
    April 10th, 2023 at 08:01 pm 1681156868
    1681156868

    I love that you called them piece of mind, because that's really what it's about. I have separate accounts: 1) emergency savings, 2) car replacement/maintenance, 3) house maintenance, 4) appliances, 5) funeral, 6) car tax/tags/AAA memb, 7) tax prep, 8) escrow. This probably sounds excessive to some people, but being this granular about it has helped us out of the rut we were in about being "surprised" by bills and having a hard time paying them. In addition, we used to jump lump all the money into one account and forget that $XXX.00 was for some certain thing. Now there is no guessing, because we allocate amounts out of each paycheck based on what we paid last year/last time plus a little bit more. Then, we divide it out through the year to make it less painful. The freedom I get from doing this small thing has made those irregular and unexpected expenses less stressful and now just a minor annoyance.

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