Another week … This was a hard one.
As a freelancer, I don’t receive paychecks on a predictable schedule. So, sometimes I go for weeks without receiving checks. Other times, like this week, I receive several all at once. And even with the best efforts, it can be daunting to not want to send a little of that money.
What Happened: The week started out ok. The kids and I planned and shopped for the week. I tried the personal allowance thing … um, yea. I need to think harder about what an appropriate personal allowance is since I spend that plus some.
On Saturday, allowance in hand, I bought lunch for the kids and I … and learned an important lesson about value. We went to a popular chain deli, where the bread is fab. I thought it would be a nice treat. The lunch we got was simple: two sandwiches, two apples … and it came to $15. Had we bought somewhere else (like the deli around the corner), we would have had two much larger sandwiches for $10 or less. And the worst part? I really wasn’t wowed by the sandwiches we had. It’s important that when you spend on a budget, like I am trying to, that you factor value into the equation. Next time? We’ll head to the corner deli … or just make lunch at home.
Further, I had to withdraw more money to cover a school expense, so I spent additional money this week that I hadn’t intended on.
Also, due to a scheduling conflict for tomorrow, I ended up having to do some shopping on Thursday to prepare for the weekend. I knew this was coming, but it didn’t occur to me to prepare for it. So, that was an obvious planning flaw.
Spending: Obviously, my spending was on the high side of things this week due to planning issues. Fortunately, I did save a lot as well. Had I planned for and controlled my spending a little better, I would have saved more though.
What’s Next: I won’t be doing this week’s shopping until Sunday, so I have a few days to evaluate how I will spending in the coming week. I am seriously considering trying all cash this week — with a small but realistic personal spending allowance built in. What do you think, should I try it?