Yes I am indeed not perfect. I could elaborate more on this but I won't.
First things first:
My Holiday/Christmas Gift budget plan is flawed. My initial plan was to charge my purchases to a credit card that has a $500 limit on it and then to pay off the card when I receive my Christmas bonus at the company Holiday party. What's the flaw you ask?? Well I am counting on money that isn't in my hands yet. I know for sure that I will get the Christmas bonus and I know it will be @ least $500 bucks cash. But in order for me to be financially savvy I need to stop the assumptions. Assumptions and money management do not mix. And I am all about managing my money.
I had only charged about $32 on the credit card which I paid off yesterday. I am going to take $250 of my credit snowball money and use that for my Holiday budget. I will use another $250 from my income in December towards my Holiday budget, totaling the $500 I had initially set as my spending limit. So no more using imaginary money. Once I get my Christmas bonus on 12/15 I will decide then on what I am going to do with it. Not going into it now because I would be managing imaginary money again.
Holiday budget flaw fixed!
On a post I did prior to leaving for the Thanksgiving weekend, I challenged myself to do all my Christmas gift shopping for less than $150 total. Well that got shot out the water when my brother asked for a black iPod and my oldest godson asked for a Nintendo Wii. Hilarious ain't it?? Yeah........Dimples was not laughing......at all. Anyways I am in hustlette mode and am in search of a really great deal on either one of these or substitutions. Needless to say, my Christmas gift challenge is no more. I'll follow suit and set a spending limit on each person on my list and see how much I may need to spend from there. I'll do a post on that tomorrow.
I am going to sleep so I can have naughty dreams about Idris Elba....mmmmhmm.
First things first:
My Holiday/Christmas Gift budget plan is flawed. My initial plan was to charge my purchases to a credit card that has a $500 limit on it and then to pay off the card when I receive my Christmas bonus at the company Holiday party. What's the flaw you ask?? Well I am counting on money that isn't in my hands yet. I know for sure that I will get the Christmas bonus and I know it will be @ least $500 bucks cash. But in order for me to be financially savvy I need to stop the assumptions. Assumptions and money management do not mix. And I am all about managing my money.
I had only charged about $32 on the credit card which I paid off yesterday. I am going to take $250 of my credit snowball money and use that for my Holiday budget. I will use another $250 from my income in December towards my Holiday budget, totaling the $500 I had initially set as my spending limit. So no more using imaginary money. Once I get my Christmas bonus on 12/15 I will decide then on what I am going to do with it. Not going into it now because I would be managing imaginary money again.
Holiday budget flaw fixed!
On a post I did prior to leaving for the Thanksgiving weekend, I challenged myself to do all my Christmas gift shopping for less than $150 total. Well that got shot out the water when my brother asked for a black iPod and my oldest godson asked for a Nintendo Wii. Hilarious ain't it?? Yeah........Dimples was not laughing......at all. Anyways I am in hustlette mode and am in search of a really great deal on either one of these or substitutions. Needless to say, my Christmas gift challenge is no more. I'll follow suit and set a spending limit on each person on my list and see how much I may need to spend from there. I'll do a post on that tomorrow.
I am going to sleep so I can have naughty dreams about Idris Elba....mmmmhmm.
Comments
Are you really going to purchase your godson a Wii?
You could try to earn points at ipodsweepstakes to earn an iPod. I earned 1000 points for a shuffle for my sister.
Now thinking about it, I have always done that in the past; counting on imaginary money. And a couple of times it has bitten me on my ass for doing so. I am surprised I didn't realize this earlier. That's why I love blogging
@ Saving Diva
I am reconsidering it now that I have thought about it.
@ Single Ma
:-)
@ Tired
Thanks girl.
@ Anon
May have to answer you in a post later today.