Q&A: My home Problem with cash please help?
admin | Apr 23, 2011 | Comments 6
Question by Judy: My home Problem with cash please aid?
Is that we upset through it if we have it. I know this sounds counter-intuitive, but maybe my hubby and I are just backwards. We don’t use our credit cards anymore, but we use our checking account debit cards for everything and auto-bill paying options online. We are on a tight budget and aren’t spending outside our means. We go out, but we make sure we don’t spend more than what our budget allots us.
Our major problem is if we make unexpected cash and if we don’t go aptly to the bank and deposit it, we will go out and upset it all in an afternoon. I own a small home business and every few months, we’ll make a payment of about $ 400 or so that’s not worked into our budget (just “extra” money). Sometimes I sell things on craigslist and I’ll make extra cash from that. I also make tips from my work (about $ 50 a week) and that goes into our “change jar”. If I have a small expenditure, like filling up with gas every two weeks, running to the store for a touch small, or having to mail a touch out, I’ll use my tip money. I don’t see a problem with that, because my tip money isn’t added in to our budget.
I started to notice a pattern after our last large cash outing two months ago. I sold a touch on CL and had $ 300 cash in the jar. Hubby place it into his wallet and we went to dinner, then a movie, then to the mall. The whole $ 300 gone in an evening! I don’t even remember what we saw or ate!
I knew it was going to happen again this week. I got $ 300 from the business, added to $ 100 in my tips, and another $ 300 from a CL sale. The only “extra” bill we had this month was our homeowner’s association dues, so we paid that immediately. I went to the store and bought some baby items and some makeup: $ 80. We have family tree visiting this week from out of state, and then my husband said the magic terms “just house me the cash and I’ll use it while the family tree visits so we won’t have to worry about the budget”. HECK NO!!! I knew it would be gone in two days, so I place it in the bank and there it still sits. I’m plotting an extra payment on my student loans. Instead, I had $ 20 in tips in my jar from the last two days that is now gone, because hubby blew it on overpriced food at a Mariner’s game.
I can’t blame him for this, because we both do it whenever we have extra cash laying around. I don’t want to include the extra cash and tips in our budget, because it’s not guaranteed and not regular. The only option I can reckon of is to hide the money until I can make it into the bank then pay a bill quickly. Any other suggestions at how we can break this habit???
Preeminent answer:
Answer by The Bookie
fantastic thread consider skipping a few baseball games and movies and You will have more money then you ever thought You could have.
What do you reckon? Answer below!
Popularity: 1% [?]
Filed Under: Budgeting
You need a savings goal.
Please annotation: Everyone should have at smallest amount 6 months worth of living expenses place away in a savings account.
No one, unquestionably no one should live without this – I hope you’re not.
If you don’t meet your savings goals – both of you buy nothing – unquestionably nothing that you don’t need.
Initiation cooking all meals at home – never any more quick food or dinners and initiation drinking water and tea – no more cokes until you meet your savings goals.
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People that admit what they do, as you have, have learned that they don’t really plot out enough of your budget. It’s up to you to know and hold strong the VALUE of having a “Rainy Day Fund” for when a refrigerator or washing machine goes out.
Is there any way that you can stop by a bank once a week, and deposit your tips aptly after work, in an savings account only you are on? If not keep it in your car under the seat or a blanket for you to deposit it the next day? I don’t know a lockbox in your trunk, tucked under the lining? Doing so on one of your busiest days of getting tips will prove to yourself how your family tree is very well off, won’t it?
Be sure that you feel the importance of doing a touch like this once a week. I don’t know, after you’ve done it a few times you might be able to question you husband to take just 5% (if not 10%) and save it, as you are doing.
I reckon you know how to be strong with yourself; can you be strong with yourself in this? You seem to know that money is just paper and ink used to just make you things. Can you see it as doing this as a valuable security net?
Community classes are everywhere, and there are many that are for personal finances. Can you budget the time to go to one?
I hope my terms are helpful for you. Judys answer, above, is very excellent too.
Self control. You got it or you don’t. Aptly now it appears you don’t and I’m not sure how you make it. Very simply I can stand here and say stop your useless spending and instead place extra money in a savings account or CD, but I doubt that will work. Needs to come from inside of you and I’m not sure it’s there. Excellent luck.
Wow. You call that a tight budget, with all that extra spending money? Must be nice to be you! I’ll caution you what, there are people out there who live on less every week than you upset in one night. I reckon you need to make some perspective. Initiation volunteering at a homeless shelter, domestic violence shelter, or food pantry. When you initiation seeing how many people are in extreme need, you might initiation to value your own money more. There’s nothing incorrect with having money, but you don’t want it to run like water through your hands and not make excellent value out of it.
In addition to volunteering, initiation giving to some charities of your choice every paycheck. You don’t have enough money to do that? Ahem. Yes, you do. This will aid you start to implement some self-control, and you’ll feel excellent about yourself for doing it, too.
Here are some websites that I reckon you will find helpful in your quest for financial reformation:
http://www.cnpp.usda.gov/USDAFoodCost-Home.htm
http://www.debtproofliving.com/
http://www.slice.ca/Shows/ShowsPage.aspx?Title_ID=93097
http://www.oprah.com/money.html
http://www.miserlymoms.com/
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Hope I’ll aid
There are books that describe how humans treat ‘found’ money and ‘earned’ money. Maybe you can google one, and check it out at the Library (it’s the lofty brick building where no one ever goes but your taxes paid for).
People use ‘found’ money for a treat – a fleeting vacation, trip, dinner out, a new thing for the household, for the kitchen. But they have their ‘earned’ money auto-deposited into their 401k, Roth, or CU.
A excellent example of this is the income tariff refund, the average refund is $ 2800. Most people over-withhold all year on purpose and then upset the refund on treats. Meanwhile, they are probably paying 12% on the CC debt that covers the $ 2800 of over-withholding. Makes no sense but most of the population does it. Even sillier – the people that over withhold all year will pay HRBlock an extra $ 50 to make the quick refund (of their own money), LOL.