This topic contains 3 replies, has 4 voices, and was last updated by 
nyroofingcompany 6 months, 1 week ago.
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My husband asked me the other day, what happens when you have money leftover in your budget categories? Do you keep it in that category to have available in case of an opportunity to stock up at a good price? Save for a vacation? Pay more on the mortgage?
Invest?
I would love to hear your answers and I think it is a wonderful way to get to know one another. Would you take a moment to tell me?
(As for me, it goes into cash and is squirreled away until it hits $100 – if circumstances haven’t decided for me by then, my husband and I discuss our priorities and feel so rich! 🙂 – Jane
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@jrodgers 84264 wrote:
My husband asked me the other day, what happens when you have money leftover in your budget categories? Do you keep it in that category to have available in case of an opportunity to stock up at a good price? Save for a vacation? Pay more on the mortgage?
Invest?[/Quote]
The grocery budget limit is $250 per month- some months we spend $100- and then Roll that over to the following month to use in other areas- meat restocking, spices & pantry restocking etc. That is our given budget for food. For many families, they spend $800-$1400 a month on food (easily), when they reduce this amount to a more manageable amount, they can use that savings (that they’re already used to spending) to payoff their back debts. Such as credit cards, mortgages, etc.
(As for me, it goes into cash and is squirreled away until it hits $100 – if circumstances haven’t decided for me by then, my husband and I discuss our priorities and feel so rich! 🙂 – Jane
That’s a great way to appreciate your savings & enjoy all you’ve worked for 🙂
I am new here as well and I find that a very interesting question. As for me, since I am just starting out, I would most likely use it to stock up on my pantry items and meats until those are full, then I would use it to pay down debt or put into savings. I will be so excited when I can actually do that!
Right now, any extra left in the checking account goes into savings. Sometimes, it’s taken out to cover extra bills and sometimes to buy something I’ve been saving for. But I try not to use it – I like having a savings.
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