Wednesday 5 September 2018

More Deficit Spending

Okay, so this may seem silly, but unless sales skyrocket for the next month (possible, but unlikely) I will be enacting two consecutive deficit budgets . . . after this one.

Let me explain.

Okay, so because of how the days ended up, the payperiod that produced my paycheque for this Friday was bonus. (Woo Hoo!)

That means that I had an extra two day on this paycheque and all was happy and good.

There was much rejoicing, as this meant that I was less reliant on sales to bring me up to budgetary minimum . . . Yay.

I used this bonus to do some slight overfunding of my Wallets, so that I have a bit extra cash on hand just in case.

(Don’t get too excited, I said a little extra.)

There was also the purchasing of the new wallets and coin purses. So, I spent this budgetary surplus on a project that I have wanted to do for a while.

(It was a relatively lower priority.)

Yet the next two successive payperiods (as in all of September) swings the other way). They fall in such a way as I have less than average work days on my paycheque.

(As in, the Paycheques on Sept 22, and Oct 7.)

With my afternoons off on Fridays it means I am going to get about 73 hours on each of these cheques. Ouch.

Yet I have another important (for me) Milestone Goal coming up on the payday of Putting 10% into savings as of the Oct 7 paycheque.

So one option would be to just reduce the amount I am putting into savings and . . . you know . . . miss that goal . . . seriously? Is that even an option?  . . . Miss a goal? Not bloody likely (he says in a strong Scottish accent).

So, I will just conserve where I can and try to somehow make up this shortfall until the October 22 paycheque.

It isn’t much, but again, this is why I have my Personal Overdraft. All I am doing is dipping into it for say $100.00.

That means that I will only have $900.00 in my Main Account, rather than what I expect and understand as “$0.00” . . .$1000.00.

Giant flashing red lights would go off and alarms would wail if I were to ever . . . EVER . . . get near . . . you know . . . actually having $0.00 in my Main Account or . . . shocker of shockers . . . dip into my ACTUAL OVERDRAFT  *gasp and faint*

So, again, I will live, I will do what I need to do and I will continue to make my Milestone Goals as I clomp on ahead towards my Crossroads Goal of fully funding my Savings (currently at 6.7%, so I have a ways to go yet).

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

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