These posts were originally posted on the YNAB forums and MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order, and because the YNAB forums are closing as of March 2022. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.
Due to a few things cropping up right at the end of the month, I didn’t have as much “left over” money after budgeting as I usually do. The left overs usually come around because I don’t always spend 100% of the money in the categories, so I dont need as much to refill them next month. This last month however more of my categories went to zero than normal.
So after it all I only had about £37 left over money. Admittedly that’s after I fulfilled the new goals on the Takeout, Hobby, and Fancy Tea categories.
Still, I’m pretty sure that if I didn’t have a goal to fulfil on the Takeout, Hobby, and Fancy Tea categories I would have put that £37 into one of those. Instead I put it into my Emergency Fund, as that’s where I’ll be pulling money from for the dogs dental treatment. I wont know how much I’ll be spending on him until the day itself.
I’m kind of hoping that I can get both a month ahead and restore my E-Fund to £3000 by the end of 2021… but that may not be possible, depending on how much the dog costs me. The things we do for love. I’m on track to get a month ahead by the end of 2021, and that’s probably my priority now, I’ll sort out the E Fund in January if need be.
The fancy tea shop had an equity fund raiser, so I threw £20 into that and I’ll get some shares in return. I was hoping to do more, but as I said, more of my categories made it to zero than normal this month. Maybe that tea sale had something to do w it 🤔😳 I have started a savings category for that sale for next summer so I don’t do that twice lol.
I wasn’t able to put any money into wish list items this month – the one time purchase items – but I was able to get myself some new sims expansion packs. (Country Living, Dream Home Decorator, and Nifty Knitting for my fellow Sims players. I have a white chicken called Snuggles and I knitted her a blue hat!)
Weirdly, one of my wish list items may have become redundant? I was going to save up for a really good pair of work shoes – but now work has decided they will provide shoes as part of the uniform. I assume not great quality ones though, I actually bought new shoes relatively recently so I haven’t needed to order any to compare. It could be that they wear out more often than work is willing to replace them. I’m not sure whether to keep saving for the nice shoes or not.
I mean, at the end of that day, the money isn’t truly committed until it’s spent – I could save up the shoes amount and then spend it on something else if I change my mind.
It’s occurred to me there’s going to be this weird almost double-payday the first month I get ahead. So I’ll get paid on the 17th December, put £184 into the “Next Month Income” category, then budget out the rest of the salary like normal. Then, on 1st January, I’ll release the money from “Next Month Income” and start filling up the categories…. the ones that I only filled up a fortnight ago and wont have fully emptied yet.
Now this is happening over the Christmas/New Year period, not the worst time to get a weird almost double-payday. But still, if I haven’t refilled my E-Fund by then, that’s definitely the time to do it.