Saving Up

I go round and round on how I do manage my money. Sometimes I spend it and other times I save it. Ultimately, it will all get spent in the end.

There are a lot of things that I would like to buy, at this time, I am dying to buy clothes for my new wardrobe and coloring books to start my hobby, not to mention I still need to finish buying all the things for my house like decor and organizational units etc.

Currently, my spending goes a little something like this, I do it in bursts of about $35 to $120. I only spend money (on things I don't NEED) when there is at least $300 floating in my account doing nothing, meaning I have 300$ that is extra after the bills have been paid. If I have less than $300 I will not spend it unless I stumble across something I really REALLY want, and this is rare.

I still plan to use this same method because it has been working out really well for us but I am now going to tweak it a little bit. I am now going to save up $1,300 and I would like that to be floating in my account at all times. If there is not at least $1,300 (not including the money for the bills) in my account, I am going to consider myself broke. I will start spending once I reach $1,600 and I may spend a little more than the $300 but that will be okay because it is all extra money anyways. I will then save it up again and repeat.

I feel this is a very good idea to provide us with some fall back for if something should come up (like our car breaking or having to pay the lawyer!). At the end of the day we will still have money. I have currently saved up about $205 so I have a long ways to go but the cash flow seems pretty good coming for Etsy so I am hoping to have the money saved up by the end of December.