Caution: Your Monthly Budget is Only About 66% of the Story
b) Summer vacation travel expenses more than expected.
c) Business development event registration for side-gig, professional membership dues.
e) Tooth needed to be extracted and an implant purchased ($4k!)
f) Refrigerator died
There is more on the list! I did have sinking fund savings for most of these items, but not enough.
So? The Fix.
a) Moved to less expensive housing in September. I’ve you’ve been reading this blog, then you know I don’t care about big houses anymore, so this was easy.
b) No new clothes for now, I have enough. Besides, I don’t have enough space to put anything else.
c) Strike point pricing is back in my life. See a can of black or pinto beans under $1.00? Buy 5. Also couponing, retailmenot.com and grocery shopping at the Dollar Tree.
Do you use sinking fund or pre-payment accounts? How much is enough in your opinion?