On Monday evening, we got back from a quick visit to see family in Indiana. It was our baby’s first time out of the county, so I was a bit stressed about how the trip would go. It took us 10 hours to get to our final destination, and he screamed for a bit and was completely inconsolable toward the end. However, he slept most of the return trip and it went much better! So that’s why I haven’t been posting — I’ve been visiting family and friends.
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Since Shane gets paid monthly, we do our budget month to month. We usually spend most of it on paper and have $50 to $100 left over to use as wiggle room. It’s fun when we get to the end of the month and have a little more left than we had initially planned.
So what to do with it?
Sometimes we roll it into the next month’s budget and use it for a little more wiggle room. I like this option when we have some things planned — like travel or visitors or an irregular expense.
Other times, we take the balance and pop it into savings or toward debt.
Once in awhile, the money just gets absorbed and spent somewhere.
I prefer for us to have a purpose for the money, whether it’s a purchase or intended for savings.
What do you do with money that makes it to the next payday?