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Crunch time!!!

February 8th, 2008 at 01:16 pm

We all have that one week in the month that is like the hump. Once we get over it, itís all down hill. This is that week for me. The second week of the month.

My outflows:

Insurance: 1,250
Mortgage: 2,800
Ĺ car: 316
Medical: 500
Groceries: 100
Utility:140

Needless to say, I donít take home that type of cabbage on a weekly basis. This is where a budget fails. A typical budget looks at these items occurring within a month without regard to the cashflow. This is why itís important to have a funding plan. Your inflow and outflows donít match up. Some weeks are feast and some weeks are famine.

This is my third month of having a budget and funding plan, and I always had doubts on the second week. Is this going to work?

Well, this is the first month that I truly donít feel stress paying these bills. I do have doubts about how much I will pay my debt down this month but not how I will pay for the essentials.

I guess what I am really trying to say is that I am starting to fully trust the plans (budget and funding plans). And as the saying goes, ďPlan the work and work the plan.Ē

PS: No my employer doesnít have health insurance. And this was the best plan for piece of mind. Sometimes the expense is worth the peace of mind (especially if it keeps the wife off my back). Iíll probably look for a cheaper plan next year.

4 Responses to “Crunch time!!!”

  1. scfr Says:

    You are doing great! Keep it up!

  2. mom-sense Says:


    Yes, I'm in a battle with this as well - my husband's paychecks are every other friday (which is great for the months when there is an extra one) but we've got the weeks when the mortgage and utilites are due and I'll have $46 dollars left (usually with a pantry full of goceries and a tank of gas - so not as drastic as it sounds). I'm trying to move away from the paycheck to paycheck thing and think it will have to be a month or two of insitutionalized poverty.

  3. shiela Says:

    Is that insurance amount for the whole year?

  4. merch Says:

    Nope. Just for the month

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