The other shoe
Posted on July 15, 2008 - Filed Under Business |
I don’t get it.
Months ago, a detailed analysis of my budgetary affairs was performed. Based on several months of expenses, confidence was high that maybe for once my budget would be spot on.
It was then the realization hit: I was in over my head.
OK. The situation was not bad. My situation will not render me into another bankruptcy statistic.
A few months has since passed. And each month, bills are getting paid whether its on autopilot or by my hand. And each month, I keep coming out ahead. It is an odd experience. In the past, whenever my bank account surged it was the result of a forgotten bill. Electricity still pulses through my house. Hot water dances on my head every morning. My blog isn’t facing neglect.
Sure one could argue the phone bill has been cut, along with my gasoline consumption. Americans are driving less. Guess what? I’m one of them. By driving less, I am spending less on gas now with gas at $4.50/gallon than a year ago when gas was $3.50 a gallon.
What has put my budget squarely on the ground is the Fed. Their rate cuts reduced my HELOCs dramatically.
In the end, the situation is far less worse than I had previously calculated. My ultra-conservative numbers actually worked in my favor. But as usual, when my income starts to come out ahead that is usually a sign something unexpected lurks around the next corner.
With the extra cash: let the bread-crumb savings plan sweep it up.
**Parental Note**
Mom, I am eating. Please don’t send me an email, asking me if I’m eating. I’m eating quite well and often. While my potato salad consumption is 1/100th of you and dad, I make up for it in other ways. Trust me on that account.
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That’s good news!