Monday Madness: Where does all the money go?
I get paid once a month, at the end/beginning of the month, depending on how you look at it. So I always have plenty of money in my account at the very end of a month and through the first week or two, and it looks great during that time! I can do things! The sky (read: stores and restaurants?) is the limit!
But I know it’s not going to last
Rent check comes out. Transfer to savings account (which is usually transferred back to checking so I can pay my bills) comes out. Tax payment comes out. Credit card and loan payments happen. And throughout all of this, food and other essentials (and, ok, often quite a few non-essentials) are purchased.
This is how incomes and living work. We all know this.
But, because I only get paid once a month, I suffer from end-of-month brokeness.
It gets down to only $100-200 in my account. Granted, that’s more than some people have. But, considering that I have no savings, it’s not enough to deal with any emergency expenses. So those, naturally, would have to go on my credit card. On which I already carry a balance right now.
And then I have to buy my train pass on the 1st of the month. Depending on timing, that might have to go on the credit card.
And I’m having a little party the first weekend in August. It won’t be that many people, but it still requires extra money for the food and drinks I plan to provide.
I desperately hope there isn’t a paycheck delay this month. (So far so good, but it’s not certain…)