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And it's almost all gone

November 22nd, 2008 at 11:25 pm

*sigh* It feels great to have the freelance check and to be able to pay bills, but damn, it goes fast!!

Today I paid:
*Cable: $107 (this was for the month, plus the set up fees, plus the instillation fees. It won't be nearly this high ever again!)

*Cell phone: $45 (ugh, still too high for me...)

*Home phone/DSL: $70 (this is for the past 2 months)

*Electric: $45 (need to work on lowering this!)

*Gas: $15 (yay! Lowest we've had so far!)

*LBCC: $50 (bare minimum)

For the rest of the month I still need to pay the ER co-pay ($50), my ATTCC (around $200, ugh). And I need to set aside $425 for December COBRA. Ugh, again. I really hope I can get on MassHealth soon! So I put $775 (bills plus $100 for unexpected expenses) in a holding account. It's a savings account that I can hold that extra money in for now. I know me, and if I see this money in my checking I'll spend it. So I decided to open a Holding Account to sock it away until I need it. This way I can't see it as "extra money" and I won't spend it.

Brilliant, ay? LOL

3 Responses to “And it's almost all gone”

  1. creditcardfree Says:
    1227396648

    Great idea on the holding account! We have two checking accounts and one is for primary use and the other has money that is extra or set aside for other uses. Works for us!

  2. Ms. Pearl Says:
    1227413468

    I do the same thing as you do. Our paychecks get deposited into savings and I only transfer the bare minimum to checking to pay bills. Because the rest is in savings I am much more reluctant to spend!

  3. Blue Eyes Says:
    1227448550

    That is how I pay my bills also. All income is deposited either by direct deposit or through an ATM deposit into my checking account. After that, I set up an electronic transfer online to send it to my savings account. Then during the month, I only transfer as much $ as is needed into my online checking account to pay bills. IMO it is a great idea!

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