Money issues

18 Jan

Baby steps
I’ve had a goal for quite awhile now to get $2,000 in savings for emergencies (e.g. car repairs, something breaking down, etc.). With this latest paycheck yesterday, I finally hit that goal, with $2,055.41!

This was thanks in large part to the $100 that is taken from my paycheck and put directly into savings. As someone who is not good with money will agree, in theory that’s a great idea, but the money doesn’t always stay there, and in my case it sure didn’t.

I wonder what to do now that I’ve hit my goal. I still have considerable credit card debt (considerable to me, at least — far less than my friend who is $50,000 in debt!) and am wondering if it would be a good idea to start putting that $100 toward the $500 I already set aside for credit card bills. I also am sticking my cards in the back of the freezer so I’m not tempted to use them. When I think about the things I could have right now (like, a house!) if I didn’t have that debt just makes me sick. But I have good intentions, and that’s a start.

Wasting money
One area I know I need to improve in is eating lunches out during the week. It wastes a HUGE amount of money, and I don’t know why I do it other than I have a close co-worker friend with whom I eat out quite a bit. Coupling that with not always entering my ATM slips into my checking account until my next payday (I get paid twice a month), makes a recipe for disaster. It seems like I’m always in the minus, so then I pull money from savings to cover the difference.

I need to find a way to try and save a little money on lunches out. I think next week I will start my making my lunch the night before, twice a week to begin with and see how it goes. (Although many times even when I do that, my friend will ask me if I want to have lunch and I will go — those times I think it’s more for companionship than anything else, which is probably a subject for another post.)

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