Tuesday, 13 December 2016

Budget Alchemy

Okay, with time ticking down to payday, and my Christmas Break, my thoughts turn towards my last budget of 2016. 

Specifically, me finding a way to pay for what I need to pay for and still end the month with my three accounts fully funded. To make a long story short, I have managed to do it.

Sure it is an arbitrary dollar figure that I have put on myself but it is a target that I have set for myself and, if I must say, a good target. 

This is key for me moving forward is to build up an “Oops Fund” into each and all of my three accounts. 

This is because I will be doing the unthinkable . . . handing over large wads of cash to the bank when they are not asking for it.

Again, this goes back to my experiment that I will commence next year so that I can pay the Wanda Loan off faster, by paying the bank directly.

The plan that I did for the truck was to save the principle up in my long term savings account. This is a bit dangerous as I can start seeing things (or property) that I could by.

With all of the fuss that I have made about Total Debt Freedom Day: Nov, 7, 2017, anything less than sudden and unexpected unemployment would be allowable in order for me to miss that deadline.

The key today is that I have a plan to fund my three accounts back up to what I deem the minimum acceptable levels. 

Remember, you can’t control the future all you can do is control the present and in so doing, direct your future. 

What that means is you can shape your future by managing your money wisely, here, now today, as in this payperiod.

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

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