Q & A
At the end of the week of using
the magic jars I have some money left over. Not much
unfortunately, but where then is the best place to put
that?
Name withheld
Isn't it amazing that you can go on a budget and have
money left over at the end of a week! Wow!
As to what to do with that money, think about this:
- Some
of your jars are cumulative. For example, your transportation
jar has "car repairs" in it, but
you don't do repairs every week, so you have to accumulate
the "repair" money so when you need it you'll
have enough.
- Some jars don't give you enough in a week to
do much. For example, you may have a small clothing/gift
amount in that jar, and it may take several weeks of
saving before you have enough to go shopping.
- Some expenses go
up or down over time. Groceries are a good example of
this. There are some weeks when my grocery bill goes
way up, because I have to buy cleaning supplies, or because
of a particularly large/special meal. Having some extra
money around for those spikes take the pressure off the
rest of my budget.
If you're sure you have money you're not going to need
to spend, you could use that money to boost your emergency
fund, top up your savings, pay down your debt or have a
party. Let me know where and when.