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Extra Cash Plan

May 31st, 2008 at 04:20 pm

DH and I made a decision to use my $300 cash award in the following matter:

$100.00 House Emergency Fund
$30.00 Charity Fund
$35.00 Clothes Fund
$25.00 Pedicure
$55.00 Credit Card
$50.00 Personal Emergency Fund (I am trying to keep one pay period of my salary in savings)

It feels nice to have a plan for this extra cash. We use to splurge any extras and have no idea where the money was spent. At first we decided to set the money aside for the gas budget. We have budgeted our gas expenses very well due to us committing to alternate transportation methods, driving at 55 or 60 mph, reducing driving and planning ahead for the higher gas prices. This caused us to fill up once every 1 1/2 weeks and instead of once a week at the pump.

My DH said to use $25 to treat myself to a pedicure after my long run today. I decided to get my pedicure after the 5k run on June 21. It will be a welcome indulgence!