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Lots of Bills

October 30th, 2017 at 01:39 pm

Ugh. This is the first month where I've really had to be on top of bill dates and what order I am going to pay. Usually I just pay as they come in. But stupid me put $800 (home remodel stuff) on a credit card thinking I'd be able to pay if off before the due date no problem. Well I forgot we don't have as much wiggle room anymore to just cash flow such large expenses.

Money is coming in. I just never know which day I will get my design check. So in case it is late I need to pay bills carefully.

It's a pain, but I'm not too worried. I do have an EF I can pull from, but it's in a savings account so I would have to transfer and I just don't want to if I can help it.

In the future I need to be much more careful. I also realize I need to keep a bigger buffer in my checking account. I don't want to have to juggle things again.

In better news. I set a goal for working on design this month, and not only did I do all those hours, I set a bigger goal and did those too! Hurray! If I can keep that up our finances will be in much better shape.

4 Responses to “Lots of Bills ”

  1. ceejay74 Says:

    I totally understand. I'm usually so far ahead on bills that even though I run a zero-balance budget, I typically have tons of padding and can cash-flow things and float them for a bit while I figure out how to pay for them in my budget. But recently, I got overconfident and didn't pay attention to some freelance payments that hadn't hit as expected, and actually bounced my mortgage payment for the first time ever. It was a wake-up call to look more closely at the dates things were coming in and out of the account and make sure there would actually be enough money in checking at any given time!

  2. snafu Says:

    Thanks for the update. Kudos to you both for managing to cash flow CC part of such a giant project.

    Curiosity has me asking what's been completed, what remains on the list, what's the timeline?

  3. rob62521 Says:

    Sometimes it is a balancing act. We had to learn it since we both get our pension checks the first of the month to make sure we don't go crazy and then have to borrow from savings to cover end of the month expenses.

  4. klarose Says:

    Yes ceejay that is the problem. It's not that I didn't make enough money, it is just freelance checks are hard to depend on. You never know when they will come in. In the past I didn't NEED my freelance income to actually pay bills, but now I do and I forgot that they don't always arrive on a specific day. lol.

    Snafu I will try to get a post up today about the remodel.

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