I have been following the 'jar philosophy' of weekly expense budgeting for ....(doing the math) holy, 13 years. Wow, that 's crazy when you think about it.
It has, without a doubt, been my saviour.
I have one real payday a month and I create three fake others to give myself that guidepost for weekly expenses: Gas, 'mad money' spending, groceries/household. It has evolved over the years but the basic idea remains the same.
I still do cash withdrawls. I know many of you who do this are very successful with debit/credit card versions of this. I have found that I am my most successful when I stick to cash. That became a bit more challenging when many places were not taking cash during the height of Covid times.
When, if I have any leftover money, it often goes into a holding jar. (yes there are real little jars). I use it for one thing or another as new planned expenses evolve.
Right now I have a few little side missions I am planning for.
Any money leftover from the gas budget goes away and is used for the more costly gas expenses when I have to go to the city for my infusions. I am also tucking that away to use for my oil changes
I have two other little jars I started now. Both are for things that aren't concrete plans, but fingers crossed, will be. DS1's wedding. No, he hasn't proposed yet. They have been together for 7 years and frankly I am tired of waiting, but apparently that's not my decision :-)
The first jar is for the mother of the groom attire. Not sure what kind of wedding it will be but it will be nice to have $ set aside for when the time comes. I don't own many fancy clothes and I will want something special for that day.
The second little jar is for her veil. I don't have daughters and won't get to do the shopping for the bridal gown etc. I wanted to put some money aside for her for a veil, or her shoes, or jewelry....whatever she ends up deciding on. Just a small gift from me to her.
The amounts are huge and the additions to the jar don't go in regularly, but a little bit here and a little bit here will be a nice way to start things off when it's time.
Hopefully sooner rather than later.
2 comments:
I think you are so smart to stick to what works for you. I too am planning for not yet weddings for tree kids. None have partners, but planning none the less.
I know that when it happens it will be a bit of a money panic, so if I get started, at least there is something already saved
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