MONEY Monday, a third try at balancing and a visit to the Utilities….
It’s “MONEY MONDAY” again… if you are following this series, this is a step by step detail of how I am getting my budget under control – and how you can too!
Here was Step ONE
And Here was Step TWO
Both initial reviews had me realizing that my LEVEL 3 spending / “monthly, weekly, daily incidentals” are always WAY higher than I budget for… and in my case, I am talking WAY more! I had to revamp my monthly budget to include a lot more items that I previously wasn’t counting (see the example in STEP 2) and even after really trying to get a complete handle on it this week threw me for a curve yet again with a few little things adding up to BIG totals… My daughter had not one – but 2 – field trips and each one cost a $20 spot and the kids had a school dance that was $10 each plus snack money… not to mention Lu needed something to wear cuz we all know you can’t wear something you already have…. I had to pay for our girl scout cookies and somehow my family managed to plow away 7 boxes in the past couple weeks… and my stupid key fob for my car quit working and I had to replace the battery, which mind you is NOT a $3 watch battery like I thought – and even though I completely redid my vehicle expense category, this was not something I ever thought of! So $200 later, I am once again revisiting my budgeted expenses and revamping and realizing that the only answer is a sugar daddy I may also have to revisit my level 2 and even level 1 expenses to determine where I can draw the money from to make the Level 3 – monthly incidentals budget out. This is where it gets very frustrating and I know for me, this is when I get sick of dealing with it and think if I ignore it will somehow fix itself… WRONG!!!
Because we have a very TIGHT budget (aka – live paycheck to paycheck) and I now can see why I am always “Robbing Peter to pay Paul”, I have to do one of 2 things: either reduce my spending – somewhere… somehow…, or increase my income! Increasing my income at this exact point in my life is not really possible so we definitely need to reduce our expenses!
Looking at Level 2 expenses – all my monthly “BILLS”, I want to start with investigating all of my utility payments… we have:
- · Propane
- · Electric
- · Verizon (cellular and internet – UGH)
- · Dish Network
- · Also our vehicle Insurance
I am going to review each one of these expenses to see exactly what we are paying… right off the bat I can tell you our VERIZON is outrageous and our DISH is useless…. I am thrilled with my insurance agent (HI MT) and I am more than happy that I locked in my propane this year. So I will start with Verizon and Dish… I’ll let you know how this goes!
Who’s playing along? How are your LEVEL 2 expenses?