I’ve had a funny couple of days on the money front. January and February are normally a bit tricky. We have a number of large bills due: car insurance, gas and electricity for the winter quarter, breakdown insurance for the car and boiler and the phone (landline). It takes careful planning and budget monitoring, and I don’t always do very well.
Yesterday I got home from work to find that B’s school had returned one of my cheques for a school trip – I had overpaid and they were returning the difference!
Today I got home to find a pile of bills on the doormat. I opened them nervously but found that the both the breakdown insurance and the phone bill were £40 less than I had budgeted for. The phone in particular was a big surprise as it felt like I had spent most of December on the phone to the car insurance company when we changed the car over.
The temptation, of course, is to rush out and spend this little windfall. Not this time though, I’m putting it into our everyday savings as I want to build this up again after buying the car.
What do you do when you have a little windfall? Do you spend or save?
Until next time, Tawney x