Monday 21 October 2019

Saved By The Wallets

So, as you may or may not know (and may or may not care) I have been on a push to put back into my savings what I put out of it.

In essence, I want to get back to the “high water mark” of my savings account before the end of the year.

As life often does, it puts various boulders in my way as I try to achieve my goals. I grumble and move past them, but it is frustrating nonetheless.

I am talking about things like me having to book my Christmas Vacation sooner than I had hoped. The other thing was me having to pay for my Mailbox Renewal sooner than I had budgeted.

Then there was the last one that caused me to pull an old but undesired budgeting trick . . . the annual credit card fee.

I am talking about the fee that credit card companies charge you for the “privledge” of simply holding the card. They apparently don’t make enough money on interest they charge people.

Anyways, this last bump pushed me over the line so as being unable to balance my budget. 

So, what I did was refund my “Groceries” and “Treats” Wallets by shifting cash from my “Contingency Wallet”.

So I will not be pulling any cash out of the bank to refill those wallets. At some time in the future I can refill my Contingency Wallet, either all at once or trickled out over a few paydays. 

This way I can stay out of my Personal Overdraft and still make my savings target by the end of the year.

Technically it is robbing Peter to pay Paul, but it works for now.

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

PS: It is voting day in Canada, in our Federal Election. I don’t care who you vote for, just get out there and vote. Every vote is important and every vote does count. VOTE!

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