As I mentioned yesterday, August was a bit of a dud income-wise.
Everything said and done, we ended up earning (after taxes) $5728. To that figure, I’ve added the $589 we had leftover from last month. This brings us to a total income of $6317 to budget for the month of September.
Here’s the plan:
|Sprint (2 lines)||115|
You may notice instantly that the amount planned ($6558) exceeds the amount we actually have to budget ($6317). I’m not quite sure how to handle this difference. I can strive to spend less in the miscellaneous and grocery categories, but its unlikely I’ll be able to save a full $200. Other options include putting less toward savings (which would solve the immediate problem, but causes a longer-term problem when we don’t have money to cover things like dental & vision or car maintenance expenses), or use some of our income from September on September purchases (instead of putting it all aside for October, since we’re living on last month’s income). We’re not talking about a huge difference here ($6558-$6317 = $241). I could try to cut back here and there and just wait to see how short we fall at the end of the month (hoping to make up the difference), and then use some September income to cover the difference only if needed.
What do you think? What would you do to make up the difference?