Friday, July 18, 2008

Cash is...working?

Well, I've started using my magic jars...although I've started out with a deficit...I'm suppose to have $1300 spread out amongst the jars (for two weeks) and I was only able to start with $1000.00. This will be trial and error until I get it right...I've already had to use the checkbook for my son's little league sign-ups ($140.00) and a crushed tomato order from Pastene ($153.00) (This will last 6 months). Little expenses have been coming up that I didn't take into consideration when setting up the budget and cash jars...

I've started two new jars...Personal Care/Household expenses and children's expenses. The jars are working out nicely, however I had to figure out a way to have the cash when I was out..so I changed wallets. The wallet I'm using now has almost 6 dividers (a great way to separate out the cash). I'll post a picture soon!

I have 13 days left before next payday and I have only $100.00 left for groceries. (the menu is working like a charm!) I think I can manage as long as I don't eat out...

The entertainment jar is the jar that got "jipped" this time. It's been difficult when I want to take the kids for an ice cream, or a movie. The jar is empty. So.....this is the first feeling of deprivation I'm getting from the cash jars....Oh, I should have done this years ago!!

Hopefully I can get through the next two weeks on the cash I have....

6 comments:

Francois said...

Well done with your efforts up to now, and good luck for the next two weeks with no money in the entertainment jar!! (I suppose it's time scrabble / pictionary / 30 seconds).

I'm looking forward to seeing the photo of that wallet. :)

Francois

Canadian Saver said...

You sure do eat a lot of tomatoes!!!!

I'm glad things are working out nicely so far... Things will probably go even better when you've got a month or 2 under your belt.

Good luck!!

RacerX said...

You can do it!

Once you get used to the spending levels it is easier to manage. We used to go through, say, the entertainment budget right awy.

We are learning the power of pacing.

Sharon said...

Thanks everyone!

CS, we use the tomatoes to make homemade spaghetti sauce ! :)

Canadian Saver said...

Sharon, is your spaghetti sauce recipe top secret or would you be willing to share it?? It must be really good if you eat it week after week without fail! :-)

Sharon said...

I would be glad to share the recipe! Stay tuned for a specific post! :)