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4 days of No Spending!

November 4th, 2015 at 08:36 pm

Today makes 4 days of no spending! Of course it helps that I still have a bit of a stash of chocolate from October ... Smile When that runs out, things will get more interesting ...

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I kind of realigned my budget last night. I decided that instead of putting all my savings into one lump EF sum, etc., that I'd divide it out a bit more. I also changed the name from "savings" to "Long Term Planning."

My categories are: Income Replacement (Expenses only) - $6k; Car Replacement - 10k; House Downpayment - 7k; Health deductible - 2k; Car Deductible 1k; Vet Emergency - 1k; and Travel Emergency - 1k.

I downgraded my slush fund to $200, and moved the $800 into Long Term Planning categories. Income Replacement, Car Deductible, and Health Deductible are fully funded. Vet and Travel Emergencies are 1/2 funded. At the moment, there is just a bit more than $10k in the Long Term Planning category.

I think I like this structure better than having a huge amount just labeled EF.

*Vet emergencies are for things not covered by the Kari category - over and above shots, etc.

*Travel emergencies are for sudden trips - such as attending a funeral, or other unplanned but necessary travel.

4 Responses to “4 days of No Spending!”

  1. creditcardfree Says:

    Good plans. I've been thinking of doing something similar. 😀

  2. pjmama Says:

    Nice! I like the idea of it being "long term planning." That seems very fitting!

  3. FrugalTexan75 Says:

    Thanks Smile I just was thinking that it would be better to give the money a bit more "specific" jobs than they had been given. Smile

  4. crazyliblady Says:

    I also divide up my savings into categories. Unless I do that, I can't remember exactly what I am saving for, or which category gets the interest. So, I currently have 7 savings accounts.

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