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CC bill higher than amount in checking!

December 26th, 2007 at 06:38 am

Wow, I don't think DH and I have been here before! Before anyone gets too worried about us, in the back of our minds we knew this was a possibility and we have prepared for it. Despite the fact that we have the money to cover the bill, it's still a scary and uncomfortable place for me to be.

To bring everyone up to speed, DH moved last month for his job (The Navy) whereas I stayed to finish pharmacy school (and no, Grandma, that doesn't mean we are splitting up or going to get a divorce!)

So November we had increased expenses because of the move and rent deposits and the like. However we also got some money from the Navy for the move. So at the end of the month I did my normal draining of the checking account down to our cushion and transferred it all to savings. With the additional money for moving, it was quite a bit, so I thought we would be fine dealing with 2 households.

Now looking a little deeper into our finances, MS Money says we only made $48 dollars last month…including the moving money! I didn't quite realize that everything DH paid for after he moved wouldn't be on the credit card until December! So this month we have moving expenses, plus his utilities, plus Christmas, plus we've been eating out a lot, plus all our normal charges. Needless to say it has added up to a lot.

Thankfully it was the plan that for November and December, that any profit that was made would go into our EF in anticipation that we might spend more than we make while getting the apartments set up. I’m glad we have the money available, I’m just sad, ‘cause it quite literally means we are spending the money that would have been earmarked for retirement. Oh well, we are 25, have already maxed out our 2007 Roth contributions, and already have some money set aside for our 2008 contributions. So despite this set back we are doing well, and will continue to do even better!

3 Responses to “CC bill higher than amount in checking!”

  1. merch Says:

    I think you're doing great!!! Just a small bump in the road. Stay focused on your budget and get your expenses back in line.

    Your doing great and life throws you curves every now and then. Don't worry about your 2008 contributions, you'll have all year to make those.

  2. disneysteve Says:

    Doesn't really sound like a problem at all. You knew it was going to happen. You have an EF to cover it and it isn't something that is going to keep happening month after month. We all have those months that exceed the typical spending. That's why it is so important to track spending and keep an EF.

  3. Englishteacher Says:

    Bravo on being prepared. Keep up the good work!

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