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$12.76 to the $20.00 Challenge

September 14th, 2006 at 12:13 pm

.07 from my husband's car
12.69 from my car
12.76 this pay period

My husband's car was completely empty because he made an out-of-state trip last week. I was pretty psyched about my car, but unfortunately I have a trip for work this weekend, and I won't be getting reimbursed for my travel. My destination is about 1.5 hours from here, and I'll be doing some driving once I'm there. Hopefully I won't use too much gas. I also have a trip next week (not a budgeted gas week) that I will get reimbursed for, so I'm trying to figure out how to account for that. Maybe a category for reimbursed work expenses/expenses, and another for reimbursed work expenses/income to even it out? I'll have to think about how to account for that since I do it about once per month.

My $20 Challenge

September 10th, 2006 at 10:06 am

I'be been trying to figure out what to do for a $20 challenge for the past few weeks. I've been trying to find some new place where I've been 'leaking' money, and it finally came to me. I budget $40 for gas every other week for both of our cars, and don't go over that unless we have a long trip somewhere (rarely) or I have to travel for work and my reimbursement for travel is mailed to me after the fact. However, we are often under the budgeted amount, and I leave that extra in the checking account, where, eventually, we spend it on something else.

So, my $20 challenge will be to transfer all of the budgeted money I don't use for gas to my $20 challenge account. It won't be much, and it will only be every other week, but I feel like that is an area that I 'cheat' in by treating that extra bit of money as fun money and wasting it. I only have an emergency fund account set up at ING, so I am going to try to set up a subaccount today to get my challenge started. I don't know what I am going to use that money for yet, but I'm sure I can come up with something. :-)