And now, the post.
Ryan and I often joked that there was nothing to celebrate about a tax return because it was always wiped out the month or so prior to its deposit. Inevitably, some catastrophic event would ensure that we would need the extra funds to dig ourselves out. We’d have the van break down, or need to fly out for a funeral, or be given a once in a lifetime opportunity to go on a very special vacation.
Invariably, someone would ask the dreaded question, “is this in the budget for you guys?” And I would explain to someone that our "budget" was basically a motto: don’t spend anything.
-and it really wasn’t working.
One day I had the realization that we weren’t even set up for such foreseeable expenses as Christmas! -or family vacations and home improvement. We’d leave Home Depot with a 400 dollar bill and think “gosh, that'll put a wrinkle in the old checking account.”
We were frugal; we never went nuts and got into crazy debt, but it didn’t feel good to just snag a few hundred from checking. I figured there must be a better way. Instead of our money being hijacked without a trace, we ought to have it in place.
So I got online and looked into setting up sub savings accounts under my checking account in our bank. It was so easy!
And this is what it looks like:
Honestly, the initial set up might take you a couple hours, but you will never regret it. I can't recommend this enough.