Last week I read this great post by Single Ma about focusing all your attention on one financial goal at a time.
On Friday since I was in such a good mood I figured I should research how one decides what weekly amount to put in the magic budgeting jars.
Right now I budget bi-weekly based on pay-day. It’s great for the monthly expenses but the weekly stuff falls through the cracks sometimes. 😦
Googling how to determine what to put in the jars brought me to Gail Vaz-Oxlade’s website. I went through all the steps to build a budget. It calculated what to put in my weekly jars for transportation, food, entertainment, clothing/gifts and everything else.
Without further adieu … ta da!!!
|Total Jar Money||$849.03||$195.93|
This will be my budget for June. I will try it out and see how it works for me and make adjustments where necessary. I will take out my weekly amount on Sunday and not a penny more.
Getting amounts for the jar is crucial for operation get out of debt.
Based on my current numbers that date has now been moved out to January 2016. 😦
This is not going to work for me. Hence the renewed interest in the jars and more importantly following them.
It’s time for me to get serious.
It is going to be hard but I
am able have no choice.