Layout:
Home > An easy way to save

An easy way to save

June 5th, 2008 at 07:27 am

When I budget, I figure for the most expensive bill I have had for that service. For instance, during the summer, I won't use much gas (to heat with/hot water heater/stove), but my most expensive bill during the winter has been $150.93. So, I budget $150 every month for the gas bill. If I come under that, for instance, this month, my gas bill was $24.86, the remainder goes to savings.

I figured that I have saved at least $850 pain free this way since the beginning of the year.

One strange thing about my method is that I can't wait to pay bills! I know the money is there to pay it, there is a very good chance it will be significantly less than what I budget, and I can earmark that money for something else.

Of course the ones that don't vary don't give me that thrill. I budget exactly what I need for those.

4 Responses to “An easy way to save”

  1. aevans1206 Says:
    1212665538

    I'm the same way. I can't wait to see our bills to see if I've come under so I can save save save!

  2. Ima saver Says:
    1212671797

    I have done the same things for many, many years. My highest electric bill was $160, so I put that amount away each month. When I am under that (usually) I put the balance in my $20 challenge.

  3. sagegirl Says:
    1212678336

    It is such an easy thing to do and I am working on implementing this also. Ima--I was wondering how you got that challenge money up so high--I mean, the Braves are good, but $11k? That is an awesome idea.

  4. ldyfaile Says:
    1213018585

    I used to do that too until I started doing Equal Pay. I like knowing exactly how much my bills are going to be every month. Smile But for my friends who ask how to budget for variable bills like that that's what I suggest, expect it to be the highest it's been then you're prepared.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]