Dave Ramsey uses the phrases “more month than money” and “more money than month” in his book “The Total Money Makeover”. I have this book and read it once a few years ago, and am back to reading it for a second go round (because maybe his advice will actually “stick” this time).
It seems that P and I always have just a little bit more month than money and I am tired of dipping into our savings each month to “survive” until the next payday. This upsets me for two reasons: 1) I should not be dipping into our emergency fund unless it is an emergency. An “emergency” is NOT running out of money because we spent way more than we should have and now can’t afford groceries the last week of the month, and 2) We make a decent living. By no means are we wealthy, but we make okay money and it is just the two of us and our pets, so we HAVE enough money each month, we just don’t spend all of it the way we should.
So why does this keep happening to us? Why can’t we get our financial s$#t together and have more money than month vs. more month than money?
Because we rarely make a budget together.
Because we are lazy.
Because we can think of a million other things that we would rather be doing with our time than sitting down and talking about our personal finances. UGGGHHHHH! My blood pressure can’t be good right now…
What prompted this rant on this Monday? Today is payday for both of us. I love/hate payday because I feel rich for a moment and then overwhelmed with writing out our monthly bills and with all of the questions on what to do with the excess of our money (since we don’t make out a monthly budget). How much should we put in savings? A vacation fund? Groceries? Gas? Entertainment? How much can we put towards our debt? Who has a birthday/wedding/shower this month and how much should we give to that person?
In any relationship, if you combine your money, there has to be a designated bill payer. I am the bill payer in my relationship so for me, every payday is a pain day.
This month, I am going to try to spend a little less time watching Bravo and lure my husband away from playing Battlefield 4 (even if that means flashing him some boobies) and create a budget for the next half of the year.
Hopefully taking the time to make a monthly budget will be completely worth it (and I have a feeling it will).
Happy Monday and have an even happier payday!
See you back here tomorrow for an all new blog in my #93daysofblogging challenge.