Tuesday 22 November 2016

Payday Dance Finalized

I have been wondering what to do with the shortfall in my budget that prevents me from funding each of my accounts to $1K (as planned).

I had thought about just underfunding my Main Account, but that tends to lead to (as this past weekend revealed) the F*it attitude.

This then leads to me just spending a bit more anyways due the belief that I will never get out of this debt anyways. 

I thought about just overfunding my Mid-Term Savings Account but just making sure to stay above $1K in it. 

I wanted to make sure to never touch that $1K and keep it for that Monsoon day. That was when it hit me . . . that was what the Long-Term Savings was for.

So, what I will do is put (and leave) that $1K into the Long-Term Savings Account as that is for when I really need it.

The Mid-Term Savings Account, I will keep topping up as much as I can, and also dipping into when I need it over the course of this year.

This way all of the money in the Mid-Term Savings Account is available for me to use, not just anything over $1K. 

I really do hope to top this up to that $1K mark, but it will be a stretch if that happens this year. At the very least I will have 1K in my Main Account and $1K in the Long-Term Savings Account.

I have a year of my most stringent budgets yet to look forward to, but it is necessary if I am to be debt free by the end of 2017. 

For my future and my own sanity I need to be finally free, finally and truly free. Debt freedom does not just mean fiscal freedom, but total freedom.

Debt Freedom will allow me to go where I like and do what I like, as long as I have a bit of cash in my pocket. That is something worth freezing, scrimping and economizing over.

As always: Keep your head up, your attitude positive and keep moving forward!

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