Comments on: What do you do with unspent budgeted money?

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Mon, 06 Apr 2009 20:19:32 +0000

[...] What do you do with unspent budgeted money? Kacie at sensetosave.com talks about extra money. [...]

By: hejustlaughs

hejustlaughs — Wed, 01 Apr 2009 13:27:51 +0000

Use unspent money to create a buffer for things where prices aren't stable. If gas is $2 today and you budgeted x amount and it's $3 in 6 months you're going to have a hard time getting by on your original budget for gas. hejustlaughs's last blog post..The 2 dollar bill experiment.

By: Mrs. Money

Mrs. Money — Tue, 31 Mar 2009 23:05:15 +0000

I throw mine into savings. Like you, I've recently gone into super savings stealth mode. ;) I figure it can't hurt to have it in there! I will admit, sometimes I do spend it on an extra little treat though. :) Mrs. Money's last blog post..Monday Link Love & Giveaway Winner!

By: Rachel

Rachel — Tue, 31 Mar 2009 21:12:51 +0000

Its funny you blogged about this topic-- we are in the same boat this month. I just spent our bills on paper and we have a $75 surplus. Since our baby is coming in July, we've decided to put it in our savings to beef it up a bit. I'd like to see if I could make it an even $100 through making some extra money or using less for food than we planned. We'll see! Just out of curiosity, how much do you budget for diapers? I know you built a stockpile before your baby came, which I'm working on. What do you budget for on a regular basis? Or did you decide to go cloth? Rachel's last blog post..Keep it Simple

By: Chris

Chris — Tue, 31 Mar 2009 18:37:12 +0000

Now that we are debt free extra $$ usually goes into savings. Prior to that, it got rolled into the debt snowball.

By: Jennifer

Jennifer — Tue, 31 Mar 2009 18:33:02 +0000

Ideally, the money would get put onto whatever debt I'm focusing on, but a lot of times it just gets absorbed into the budget... or it gets used to buy things that stress out my normal budget. Like the huge bag of cat food I buy every few months, or a pair of shoes, a baby shower gift. That's where the surviving money (if there is any) has been going lately. Jennifer's last blog post..Spending Money

By: joanna

joanna — Tue, 31 Mar 2009 17:14:36 +0000

We roll our extra money at the end of the month into whatever the big saving-goal-of-the-moment. Right now, that’s a 6-month emergency fund. It’s the same concept as the Snowball debt-repayment method, but I’m paying myself instead of the loan company.

I agree about not liking it when the extra just gets “absorbed”- it seems like a waste, when the money could be earmarked for something specific.

By: Inky

Inky — Tue, 31 Mar 2009 16:31:08 +0000

I was just pondering this same subject as I balanced my checkbook this morning. I would say that up until now we have just rolled this amount (usually between $50 to $150) over to the next month. But now that we have our emergency fund initial goal accomplished (yay!), we have started our aggressive debt payoff, so I am going to apply whatever is left over at the end of the month toward debt from this month forward.