| Money Woes - My continuing battle |
| Money Woes |
Here it is January again and there are sales from thirty to eighty percent off clothing
and shoes at nearly every store. I have my budget. I have my bills. I pay my bills
and have three hundred dollars left to spend on me. Then my lovely chariot
needs repair and the mechanic says it will cost me three hundred and twenty
five. I now no longer have money, nor do I have money to buy the sale items I had
hoped to get and I owe the queen twenty-five dollars that I had to borrow in order
to cover my chariot expenses. Oh yeah, we princesses have our share of
economic woes too.
I am always one to look for sales and shop only when the season is over to find
bargains. I am a very frugal princess. I use flyers to shop around for bargains. I
am big on quality as well. What good is five cheap blouses that wont last three
washings when I can get two for the same price that can last me three years of
washings.
I am also a firm believer of a good budget. I use the envelope method of
budgeting. I’ll tell you about that a little later. What I do firstly is tally all my
income, allowance, trust fund, fairy dust sales. Once I add all the money that
comes in to me, I subtract all deductions. This includes my magazines like
Princess Digest, and the Royal Inquisitor. I do this monthly because it is easier
since I get most of my money at the end of the month.
After I create a spreadsheet of the above-mentioned step of making a budget, I
have to keep up with your money coming and going. Some people use the
checking account method. I’m a fan of the cash-envelope method. Here is a
definition of both the methods.
Even with all of the care, I take to make a budget, separate my money in
envelopes so that all funds are allocated, and I even manage to save money from
time to time when I get extra money; sometimes I fall short of my goals due to
unforeseen occurrences. Nevertheless, I try not to be discouraged. I have tried a
number of different methods before I found one that works for me. So now, do
you see why I don’t have a love affair with money and sometimes even dislike it?
It is quite a responsibility.
Now I have to learn ways to save money and grow money. Perhaps another
time I will write about my successes in that area
and shoes at nearly every store. I have my budget. I have my bills. I pay my bills
and have three hundred dollars left to spend on me. Then my lovely chariot
needs repair and the mechanic says it will cost me three hundred and twenty
five. I now no longer have money, nor do I have money to buy the sale items I had
hoped to get and I owe the queen twenty-five dollars that I had to borrow in order
to cover my chariot expenses. Oh yeah, we princesses have our share of
economic woes too.
I am always one to look for sales and shop only when the season is over to find
bargains. I am a very frugal princess. I use flyers to shop around for bargains. I
am big on quality as well. What good is five cheap blouses that wont last three
washings when I can get two for the same price that can last me three years of
washings.
I am also a firm believer of a good budget. I use the envelope method of
budgeting. I’ll tell you about that a little later. What I do firstly is tally all my
income, allowance, trust fund, fairy dust sales. Once I add all the money that
comes in to me, I subtract all deductions. This includes my magazines like
Princess Digest, and the Royal Inquisitor. I do this monthly because it is easier
since I get most of my money at the end of the month.
After I create a spreadsheet of the above-mentioned step of making a budget, I
have to keep up with your money coming and going. Some people use the
checking account method. I’m a fan of the cash-envelope method. Here is a
definition of both the methods.
- Cash-envelope method: I have pink envelopes where I write my
- expenses such as: “Gown for the ball,” “Festival food with the fairies,”
“Slop for the farm animals,” “wood for the fire,” and so forth. I put the
needed amount for each of these things within the envelope. Some
expenses are monthly or even yearly, so I break them needed amount up
so that on the date it’s needed it’s there, like the kings tax. I NEVER
borrow from an envelope.
- Checking method: I used to use this method but due to my inconsistent
- balancing of my checkbook and forgetting to write spending down. I
made mistakes and well some checks did not have money to back them.
The checks thus become the envelopes. The nice thing about his
method is that some banks pay you interest on your money. Also, this
method works best if dealing with larger sums of money than the
allowance given to me by the queen. Having to go to the bank also keeps
you from the temptation to borrow from your budget.
Even with all of the care, I take to make a budget, separate my money in
envelopes so that all funds are allocated, and I even manage to save money from
time to time when I get extra money; sometimes I fall short of my goals due to
unforeseen occurrences. Nevertheless, I try not to be discouraged. I have tried a
number of different methods before I found one that works for me. So now, do
you see why I don’t have a love affair with money and sometimes even dislike it?
It is quite a responsibility.
Now I have to learn ways to save money and grow money. Perhaps another
time I will write about my successes in that area
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