Author: Sorting Last Post on Top ↓ Message:
PEPPERMINT125's Photo PEPPERMINT125 Posts: 1,433
6/24/13 4:25 A

My SparkPage
Send Private Message
Reply
We are just paid once per month. My husband is a government contractor and he only gets paid monthly. It does make it difficult and the last week of the month we really pull back on spending.
We also have to make sure we send in federal, state taxes and employer FICA since he is a small corporation before we spend any of the money. We also need to plan corporate expenses to make sure we have those planned for before we can take money for personal spending.


Patty
EST Grand Rapids Michigan (yes same time zone as Maine)

If the first thing you do when you wake up in the morning is eat a live frog, then nothing worse can happen for the rest of the day!" Mark Twain

If a man really wants something he will find a way, if he doesn't he will find an excuse." Stephen Dolley, Jr

It is not enough to take steps which may some day lead to a goal; each step must be itself a goal and a step likewise.
Johann Wolfgang von Goethe


 October Minutes: 0
 
0
337.5
675
1012.5
1350
PEPPERMINT125's Photo PEPPERMINT125 Posts: 1,433
6/24/13 4:22 A

My SparkPage
Send Private Message
Reply
Walden9,
It sounds like you are on a good track on managing your money. You are attacking the credit card bill for Walmart and paying it off little by little. The hard part is you are on a fixed income and don't have the ability to increase your income. Only thing I can think of there is perhaps selling some things you don't need at a consignment shop. Or maybe there are some small things you can do to earn a little extra money, such as babysitting. Or is there a skill or service you can do from home? I realize you are on disability so that may not be possible.

As far as managing your budget, you just need to go through line by line every cost, including
housing and see if there are possible things you can do to save money. You of course need to make sure you have enough money for groceries as this is your first priority. I don't know your living situation, but is it possible you can share housing with a relative or close friend? This way you could share your housing costs and utilities. I realize this may not be possible, but housing is one of the largest household costs.
The other thing is to try to start an emergency fund for the unplanned items like car repairs that come up. While you are getting an emergency fund saved up of at least $1000, you might even slow down the payments on the Walmart card a little (just making minimum payments) until you have an emergency fund saved up. Whenever you use the emergency fund, then you would save again until you have at least $1000 cash available.
Once you have an emergency fund, it definitely makes sense to prioritize paying off the Walmart credit card again.
Hope this gives you a few ideas.

Patty
EST Grand Rapids Michigan (yes same time zone as Maine)

If the first thing you do when you wake up in the morning is eat a live frog, then nothing worse can happen for the rest of the day!" Mark Twain

If a man really wants something he will find a way, if he doesn't he will find an excuse." Stephen Dolley, Jr

It is not enough to take steps which may some day lead to a goal; each step must be itself a goal and a step likewise.
Johann Wolfgang von Goethe


 October Minutes: 0
 
0
337.5
675
1012.5
1350
WALDEN9 SparkPoints: (5,278)
Fitness Minutes: (1,397)
Posts: 240
6/21/13 11:45 A

My SparkPage
Send Private Message
Reply
i get paid one time a month because i am on social security disability. my biggest problem is watching how i spend my money. i have a large walmart credit balance and it takes a good chunk out of my paycheck each month. my biggest problems have always been ordering things on line also. making it from paycheck to paycheck is getting really hard. i make it half ways through the month and then i get real low on money so i can not put gas in my car or buy any more groceries if i am low. if there is anyone out there that can help me by teaching me how to stick to a budget it would be greatly appreciated. i am retired but have no retirement money. i have no savings account. and car repairs always come up since my car is old. it gets boring sitting around when you are this low on money. i have cut up all credit cards except for my walmart one , which i should cut that up also. my monthly payments on that is 136 dollars a month until i pay it off in 3 years. that is over 1,000 dollars a year. boy, i sure could find something to do with that sort of money. emoticon

slowly but surely I will get to where I am going.


 current weight: 20.0  over
 
25
12.5
0
-12.5
-25
BONNIEBONNEAU's Photo BONNIEBONNEAU SparkPoints: (29,146)
Fitness Minutes: (36,493)
Posts: 1,378
1/4/13 3:46 A

My SparkPage
Send Private Message
Reply
I am paid 2x a month

www.dixieinparis.com


 current weight: 153.0 
 
168
157.25
146.5
135.75
125
Page: 1 of (1)  

Report Innappropriate Post

Other Money Matters for Women General Team Discussion Forum Posts

Topics: Last Post:
Wealthy Running to other countries 10/6/2013 1:16:50 PM
Provin, France 8/22/2013 10:28:35 PM
Tips and tricks for saving Idea #1 Start now! 8/14/2013 5:10:47 AM
I am back in Charleston ! 1/3/2014 11:46:40 AM
Tax Time Observations Part I 4/5/2014 12:36:03 PM

Thread URL: http://www.sparkpeople.com/myspark/team_messageboard_thread.asp?board=0x5018x51463558

Review our Community Guidelines