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!