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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 | 5 Comments »

5 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!

  5. Jerry Says:
    April 8th, 2011 at 08:41 pm 1302295308
    1302295308

    I am totally sickened by this. I am sure that it will be a short-term issue, but it really leads to problems for a lot of people - I have many friends still in the military, and it ticks me off that they are treated like this. We are on our GI Bill, which would also be affected, but it's probably not going to last that long. I wish we had some insurance that our government operated with some semblance of integrity. Good luck, I know you will do great!
    Jerry

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