What's the left to live on for the rest of the month cash going to be spent on? I.e. if it's not budgeted for specifics, e.g. alcohol, entertainment and so on, then it can get frittered away too easily. If you can nail down a specific use for the cash, then it's easier to see where you cash goes each month, and whether or not you need to spend it on what you spent it on.
Ummm... I dont think I'd get much alkeehaul or entertainment out of
2.41 << actually left over at the end of the month!
Although I think you may have been talking about the 842.41
On my spreadsheet... I have my income at the top (line for each paycheck amount) and then I break it down into monthly bills. Once I subtract that from my income it gives me my remaining $$$ to work with per month.
From there I break it down even further. I have 7 budgeted accounts that money goes into. A set amount per paycheck per account. Like $90 per check into the auto fund for gas. The money never physically leaves my checking account... but it is relocated on paper. Therefore I dont see it.. and don't think I have extra in my checking account.
Once I add up all those funds it comes up to 840 a month... so I subtract that from what's left over from paying the necessary monthly bills to keep everyone happy and I come up with a whopping 2.41 actually left over at the end of the month!
Now truth be told... even with only 2.41 showing I'm not hurting real bad because between my debt reduction and Roth funds... I have 300 sitting there.
Have you reassessed your insurance situation lately? Combining policies into the one company, only having the bare minimum coverage, i.e. you don't have dependants from what I recall, so life insurance would be a waste, increasing the amount you'd pay if you did claim on insurance, that can reduce your monthly bill as well.
You still running the two vehicles? Still need to run the two vehicles?
Both my vehicles and home is thru the same provider so I am maximizing the availabe discounts. I have only required coverage on my truck and full coverage on my car since it's the daily driver, and I have the deductable set at $500 I think.
Some might think life insurance would be a waste.. but it's only costing me $33 a quarter... and you never know.... someday I might get hitched and need that coverage.
I am still running both vehicles and will continue to do so. Both are paid for... and my car is my daily driver since it gets around 30mpg. My truck only gets around 10mpg but I need it to haul stuff and for the winter time. The 4x4 may not keep me from sliding off icy roads.. but it will help me get out of the ditch once I get there (usually
Looks like overtime is your way out of this in the short term. How you pay down extra cash off your CC is up to you, Snowball method, highest interest first, whatever ticks the box for you. But taking into account those numbers I'd be snowballing the hell out of the lower value CC's with Overtime cash and steam rolling through the rest of them as best I could.
I agree.. once I get the 3 lowest off of me... then I'll have some breathing room. I did sign up for some overtime at work.. now I just have to wait to be called. I really am going to hate doing the OT, but at 200+ bring home per 8hr shift.. Id be a fool not to.