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Home > August Spending is Ugly

August Spending is Ugly

July 28th, 2015 at 04:46 pm

I don't like our August spending. DH's tuition, home and car insurance, back to school spending, DH's annual life insurance are all due. It's always like this, and I'm always fretting about it. I think it's time to handle these big expenses differently. We have plenty of cash to cover them, but I need to face up to not being able to "cash flow" them.

Part of it is that DH objects to the extra couple of bucks it costs to pay the household insurance in more installments, but I'm switching it over to quarterly as we do with the car insurance. I know it's a psychological thing, but I hate taking money from savings to pay for this. I could set up a separate account, but honestly, for $3-4, quarterly makes me feel much better.

Now, over to the insurance website to handle that.

Posted in Uncategorized | 4 Comments »

4 Responses to “August Spending is Ugly”

  1. creditcardfree Says:
    July 28th, 2015 at 09:35 pm 1438119320
    1438119320

    We save monthly for things like auto insurance, car registrations, and now renters insurance. Then the money is set aside and has been cash flowed through out the year. But I do understand your thinking and I'm glad it will work for you better this way!

  2. My English Castle Says:
    July 28th, 2015 at 11:05 pm 1438124704
    1438124704

    That would be much better, but I'm happy enough to have it set on quarterly. I've paid it with the credit card, set on the day before it's due. And honestly, unless I point it out, DH will never notice it. He gives so little thought to money. Glad to have it done. I just started laughing when I wrote I thought I could cash flow it. Between the household insurance, DH's tuition and the car insurance, we wouldn't eat, drive, or use electricity all month.

  3. FrugalTexan75 Says:
    July 29th, 2015 at 12:58 am 1438131495
    1438131495

    I would imagine that all of those at once would be pretty difficult to cashflow. I do the same thing as CCF - save little bits each month to pay off when the bill comes.

  4. marvholly Says:
    July 29th, 2015 at 08:34 am 1438158886
    1438158886

    I, too, get hit on the July/Aug cusp - home & auto insurance, local car registration + real estate taxes. I set up a separate savings account >10 years ago. Monthly I transfer 1/12 the previous year's bill + 5%.

    Money on hand when needed but looks HORRIBLE to see the red ink in the month's spending dolumn.

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