Photo Credit: cambodia4kidsorg
I had a happy surprise yesterday. I was reading Credit Withdrawal’s wonderful post on getting interested in finance and noticed that I got tagged. It’s a personal finance challenge started by Mrs. Micah to:
“Find one step you can take to make your financial system better or more organized.“
In view of my situation, my first step is budgeting my last 3 paychecks. I will get them Friday (hopefully).Last night I was looking at the numbers and reviewing my regular budget. I wrote it out and I can pay my monthly obligations with it. I’ll have a bit less to put into attacking my debt then I like, but I want to keep my savings in tact.
I want to have the budget set up BEFORE, so I won’t waste the lump sum. Having 3 weeks pay at once will look very tempting, but I want to act responsibly AND reduce job hunting stress.
I’m going to tag the College Money Network on this and see who will respond. Tomorrow, I look forward to giving some more information on the network.
Have a good day everyone!
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I wish you luck!
Check out sikantiss last blog post..Waterfalls in New York City
Thank you Sikantis!
Sounds like a great first step!
Check out Broke Grad Students last blog post..Should You Take A Break Before Grad School?
@BGS: I hope it’s the right one!
Regardless of right or wrong, sometimes taking a step in any direction is better than standing still.
Check out Broke Grad Students last blog post..Introducing the College Money Network
I’ll try to respond to this soon, as I think it’s a great, thought-provoking question! And I agree with BGS: great first step. Personally, when I set and followed my first budget, like that first month or so, I was surprised at much more freeing than confining it turned out to be. I could spend within categories without any guilt or feeling of bad decision.
Hope it goes well for you, too, and looking forward to hearing about it!
[...] First Step Personal Finance Challenge: Budget My Last Paychecks at Green Panda Treehouse [...]
[...] First Step Personal Finance Challenge: Budget My Last Paychecks at Green Panda Treehouse [...]
[...] At Green Panda Treehouse some budgeting will be going on. [...]
[...] Green Panda Treehouse Posted under insurance | Share with others: StumbleUpon | Reddit | Digg | PFBuzz | Del.icio.us If you like this post then please consider subscribing to my full feed RSS. You can also subscribe by Email and have new posts sent directly to your inbox. You might also like:The Start Digging Out Of Credit Card Debt Challenge.Carnival & Festival Roundup – Headed To Boston Edition.My Thoughts On Keeping Personal Finances Personal.Guest Post – How The “Digging Out Of Credit Card Debt Challenge” Improved My Outlook On Life.Should They Teach Personal Finance In High School?Money Carnivals Galore This Fine Monday. [...]
[...] at Green Panda has decided to set up her budget before she gets her last three paychecks, so she uses the money [...]
[...] of my fellow College Money Network members, Laura at Green Panda Treehouse, tagged me and the other CMNs recently with the First-Step Personal-Finance [...]