After months of striving to get to a functional financial situation, I'm practically on the cusp. This paycheck's division is a little different, as I'm finally giving myself a little leeway to get a couple things for myself.
I'm not entirely sure how I feel about my financial plan for this paycheck yet. For once I'm actually budgeting in my personal "splurges" instead of having "extra" money that disappears into stupid purchases. In order to avoid that I'm planning it down to the last dollar... sort of.
The general plan
Of course the first things I budgeted in were bills. Utilities, rent, savings for moving costs, and of course the credit card bill. technically I've already paid it, but I'd rather put something towards it every paycheck, just to keep that money away from my debit card in a productive way.
After those expenses the remaining fund are divided a little differently. I've assigned a tiny budget to groceries and to signing up for a course to help with my freelancing business. I'm super excited for that one!
Finally: the extras.
I'm pouring around 80 dollars into a couple clothing pieces. Probably less. but maybe that much. I'm getting a couple new sleepwear items of a more flirty nature (it's been over a year since I've revamped that wardrobe) and a new pair of sneakers. If I have a decent amount of wiggle room I'll throw in a pair of new black pants.
Are these expenditures a waste?
This is something I've been battling with all day since I sat down to calculate out the allocation of my paycheck. Is it short sighted to spend money on lingerie? Maybe. The sneakers even feel like a waste... except I need them. I walk 7 miles a day. Sneakers are a must. After training myself to see every dollar spent outside of bills as "wasted" money, spending money on other necessities is difficult. And spending money on a "want" instead of a "need" is even more difficult. But my team lead made an excellent point today. She said that every paycheck she buys one (1) clothing item for herself. Just one. Now, since my sneakers are kind of a need, I thought... maybe I do deserve just one thing.
Hiding my "extra" money
An easy pitfall when it comes to money management is to think that you have extra money when you have debt. So, to avoid acting like I have extra money, save for a small 20 dollar cushion, any remaining funds in my checking account will be immediately applied to my college debt. Not only does this help me get back to school faster, it also keeps me from wasting money that could've been used wisely.
I know my budget isn't exciting. But the fact that I have the money to do all of this is still blowing my mind. Here's to super boring progress!