Govdocs Aquake

Tentative travel plans

Looks like we are going to wind up our briefly northern trabel for this year in the next two weeks. Sorry guys, but between truck troubles, and doctor appointments we aren’t making it past straight up from OK to SD this year. With nights in the low to mid 40s it is time to head south.

Tentatively we plan on going east through TN, NC etc over to Jamestown and Williamsburg then down to St. Augustine in FL and of course on down to Disneyworld then across the deep south back to OK. Between September 21 to Thanksgiving. Hoping to get to see some of you as we travel.

I did an Irregular Income budget

I’m very depressed. “even if” we were completely out of debt, we couldn’t live on just DH’s income alone…thanks to the $2k a month for medical and car insurance. but at least I have a plan with the income we do have.

So i noticed one of the things where the irregular income falls down…it really has to be combined with a regular budget. For example, doing the irregular budget presumes that things can “just wait” like medical insurance etc vs the reality that they hit on specific days of the month. so it will take a little finagling.

thanks for letting me share.

I used to keep the previous year’s bank statements

along with the current year’s statements. Then I read something about de-cluttering that made me re-think it. The purpose of the statement is to make sure there aren’t any errors between what you think you should have, and what the bank says you have. So if the current statement is correct, why would you need one from a year ago? Or even 2 months ago? Shred ’em! Same thing with utility bills. If there are no errors, keep only the most recent ones. The only utility paperwork I might keep is a change to a payment plan or feature set(like cable TV channels). If you’re not getting what’s promised, you need to be able to say “Here’s the proof”.
Business accounts may have different retention guidelines. I’ll defer to actual business owners on those…

I think one way to help declutter is to switch to paperless billing & statements. When you go paperless they usually come by email. Most of us have at least one email account we can use for bills. We have some on paperless and some by mail. I need to switch over to paperless on the few remaining that come by mail.

Also if you need something for verification, it is usually available through the vendor (bank, business, payday loans at pbcloans.com without credit check, etc.) till year’s end or for 12 months after the purchase happened. For taxes I don’t keep individual pharmacy receipts. I just get a print out at the end of the year and it’s all on one page. No more 50 million receipts to go through. I do the same with doctors and hospitals — just get a statement for the calendar year that I am doing taxes for. Our accountant has never said he preferred individual receipts.

My daughter and I have gotten into the habit of mentally thanking

Dave Ramsey when ‘life happens’ and we find that we don’t have to go into panic mode. Today is one of those days. My dad (88) was taken to the hospital Saturday evening. My parents live in Chicago, IL and I live in Atlanta, GA. I have a brother, but he is in NYC. Plus, I have been the adult child who usually does the caregiving, supporting my mother (86). Without going into too much detail, as of Friday evening Dad hasn’t been able to walk. His condition isn’t life threatening (so I’m told), but I must go to Chicago unexpectedly.
Over the last 24 hours, as I have been trying to make space to go without disrupting my life, and particularly my income, negatively, I had to step back and say “this is why you have an emergency fund.” If I miss 12 hours of work (and some of my income is based on working hourly) I have the money to cover that. I have money to pay for a pet sitter. I have money to pay for leaving my car at the airport, if that’s what I decide is the best thing to do. I have enough.
Not naive enough to think that I couldn’t blow through the emergency fund very quickly, but nevertheless. . . This is why you have an emergency fund. That’s my mantra today. I can panic over other things, but I don’t have to panic over that.

Mildred

remember Uncle Sam comes first because there are greater penalties and fees than with most other delinquent bills. Put those payroll taxes at the top of the list of bills that are behind. Then you can go from there depending on the amount, penalties and fees.

I know my business account needs to get beefed up and I am hoping a customer I am working with comes through. Expenses on this big order can be relatively low so profit has the potential to be good.

My homework was to turn off every auto debit I could

I turned off all auto pay savings, sinking funds, bills, IRA , etc.
Our clients always pay slow the end of summer, and our savings has dwindled to unsafe levels for a company that has over $50K in overhead each month.
I cut every budget in our home account to zero that I could and only spent 1/4 of our grocery budget, hoping that by Wednesday we will get more checks in.
DH isn’t panicking, but we are behind on paying vendors and payroll taxes and it stresses me out!
That’s my homework for the week.

Well the good news is Texas finally approved my unemployment

I wish it had happened before I accepted this little $9/hr job I took to stop the bleed, or at least slow it. After 80 hours I will take home a whopping $560-600. Vs $479 a week tax deferred by staying home. (She shakes her head)

Geico finally decided to make an offer to settle. Don’t know how much it is yet, we’ve been playing telephone tag. But I’m sure it’s not going to be much after all the stupidity.

And I have an interview with the sheriffs office here tomorrow. Pays less than half of what I used to make, but it comes with “full benefits.” Not sure what that means. And I have an interview with kohls for holiday season in their (you’ll laugh) credit card center. That one pays a whopping $12-16/hr no benefits but will turn in to permanent mid January and then it will come with benefits and I know what those look like 😍

Just didn’t think it would be this slow going to find solid decent paying work.

First of all

I am a math nerd and because we are totally debt free and living like no one else I may do my bookkeeping a little different than you.
Our main income is once per month and that is what I base our budget on. Any additional that comes in goes into the ffef.
Each month I move a set amount of money to savings, first on paper. I make entries in excel of how much goes to what sinking fund.
Then, still on paper, I subtract any sinking funds that are scheduled to be withdrawn that month. The remaining balance is what should be left in the account for that month.
I then actually only move from checking to savings the amount needed to balance my Excell worksheet. That leaves the money needed to payout to sinking funds in checking.

EXAMPLE: if my monthly deposit is normally 1,000 and I have a 200 sinking fund due that month I only actually only move 800. All bookkeeping is done in excell where I keep track of what is going in and out of each sinking fund, not the actual payments. The actual payment comes put of checking like it was a grocery purchase or something

Can someone please tell me

when using a sinking fund for items that do not happen monthly, when you do use those funds, do you add them as an income item that month and then enter the expense in the category?
I have always been perplexed how to account for those sinking funds when the item has to be paid for. Funds are typically moved from Savings account into checking account. I am wondering if I could be recording both the incoming transfer from saving as “Income” and the “Expense” of the item when I write the check.

I hope this made sense…..lol

I’ve pushed back on lots of stuff and

I’m pleasantly surprised at how much people respect that. Asking the doctor or the vet “and how much will that cost,” for example…

When I am asked to buy some crap I don’t need so that some charity can get 7% of it, if I’m interested in helping out, I’ve gotten to where I’ll just say, “I don’t want that, can I just donate $10 to your school and they can have ALL of it?”

The last school my daughter attended, the administration heard all the complaints from parents about getting nickelled and dimed to death, so they banned all such fundraisers and asked all parents to make a once-a-year donation as a tradeoff. The parents happily snapped it up…