February 16, 2011
Payday!
Full-time paycheck: $1883.12 (biweekly)
Payday!
Full-time paycheck: $1883.12 (biweekly)
Expenditures: $200.00 home equity line payment
$275.00 church donation
44.98 newspaper (13 wks.)
11.42 cable
We also spent $44 at the auto supply store for motor oil and about $10 at the dollar store for vitamins, toothpaste and such. That left over $1200.00 (see what I mean about feast or famine?) but I know the homeowner’s insurance bill is due and can’t pay it because it hasn’t arrived yet. I decided to replenish the emergency account instead of pay Visa, so I transferred $1000 into savings, leaving $250 in checking to cover the homeowner’s at $126, a $75 bill for having the roof gutters cleaned, and a small present for a relative’s new baby.
It feels really good to have that small bit in savings. (Last year's savings was totally wiped out by medical bills, due to our deductible being raised to $3000.) I'd love to get Visa paid that much sooner, but a small savings account balance buys a lot of peace of mind. Like a little security blanket.
What's your financial security zone ? How much do you need in an easily-accessible account to feel secure?
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