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What to do?

January 29th, 2013 at 09:11 pm

Ok. I feel like I have lost a little bit of financial confidence. I had to take $234 from savings to pay for the hospital and an unexpected pest control visit. When Friday comes around and I pay all of my bills and take out my "jar" money, I will have $40.00 left in my account. So at the end of next week, should I apply what's left to debt or put it back in Savings? $30.00 is automatically going back to Savings already.


We are also doing our taxes for our business. Sure hope we find some expenses! Never thought I would say that!

Posted in Budgeting, Debt, Personal Finance, Saving Money | 4 Comments »

4 Responses to “What to do?”

  1. creditcardfree Says:
    January 29th, 2013 at 10:27 pm 1359498452
    1359498452

    I would probably put it back into your savings, since you don't have too much...if your sidebar is correct.

  2. Petunia 100 Says:
    January 29th, 2013 at 10:43 pm 1359499406
    1359499406

    So do you have $40 left, or $1403 left? Or is the $1403 a completely different savings account?

    I know you are trying to build up savings, but in your situation, I'd be tempted to get rid of those credit card balances.

  3. snafu Says:
    January 30th, 2013 at 01:45 am 1359510354
    1359510354

    If Emergency Fund Savings is down to $ 40. I'd put whatever is left towards savings until your tax picture is clearer. You can make extra payment to debt when you feel more confident. I was surprised to discover that small savings in many categories added up to a significant figure in 12 months. For example, banks have been adding fees and charges for services that were free in the past. When I looked at one month's Bank charges and multiplied by 12, I was shocked. I changed to a basic account and stopped using fee generating services. I've started a Credit Union a/c because they pay better rates. If you haven't checked home and auto insurance in more than a year, I suggest checking on-line prices and ask your agent for a review.

    This winter we've been concentrating on small cutting costs ideas to reduce spending. It's granny's view that saving pennies adds up to a lot.

  4. rachel021406 Says:
    January 30th, 2013 at 01:23 pm 1359552209
    1359552209

    Sorry...to clarify, my savings is down to $1160 (1403 - 243). My main checking is what is down to $40.00 (after everything is paid).

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