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Home > Living on the Emergency Fund! and Raid the Pantry/Freezer.

Living on the Emergency Fund! and Raid the Pantry/Freezer.

April 8th, 2011 at 03:43 pm

Well today, I took proactive measures for the no paycheck period. I stopped most of my auto transfers.

I tried to figure out what my paycheck will be for 8 days. This is not exact as I am not sure how much they take out for taxes, but I have a ballpark. I claim Single 2 or 3, I don't remember exactly. I should probubly just claim tax exempt, but I am woried about something happenning and then owing big time.

Anyway back to the topic at hand,
I turned off the automatic payment from my checkbook (where paycheck goes) to my savings accounts that my mortgage, my Emergency Fund, and My Escrow Account are paid out of. Until I get my first paycheck following the govt restart I will not be funding these accounts they will be paying out without being replenished. Once I get paid I will figure out what should have been deposited and schedule 1 catchup payment and reset up my autopayments.

This means I need to pay my elec/gas, dental premium, cell phone, internet, and water/waste bill, PLUS gasoline for my car until I get a paycheck I figure this is $250 per month. I am also suppose to pre-pay the Sept daycare bill on May 1st.

I should have enough money to last 3 months of no pay without having to dip into Savings to start to pay the above bills as long as I do not have to buy grocieries.

I guess it is going to be a raid the pantry/freezer until the govt shutdown is over, event.

The good news is no paycheck will Force me to limit spending and so when I finally do get my paycheck and all that back pay, I should be able to hopefully knock out the savings goals with all the money I saved by cutting the spending from the beginning.

Posted in Budgeting, Personal Finance | 4 Comments »

4 Responses to “Living on the Emergency Fund! and Raid the Pantry/Freezer.”

  1. rachel021406 Says:
    April 8th, 2011 at 04:02 pm 1302278549
    1302278549

    Looks like you are really prepared. I am sorry that you have to go through this though.

  2. laura Says:
    April 8th, 2011 at 04:16 pm 1302279370
    1302279370


    Shame on our country!!

    Glad to see you are looking at the silver lining of the situation!

  3. creditcardfree Says:
    April 8th, 2011 at 04:18 pm 1302279523
    1302279523

    I think I'll be doing the same type of thing.

  4. My English Castle Says:
    April 8th, 2011 at 04:43 pm 1302280984
    1302280984

    Oh man, my heart goes out to all of you dealing with this.
    I've seen 3-year-olds in the sandbox get along better than our government branches!

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