http://www.thewriterscoin.com/2008/05/09/budget-breaking-dealing-with-the-unexpected/ Personal Finance, Writing, and Blogging Fri, 16 May 2008 03:27:12 +0000 http://wordpress.org/?v=2.3.2 http://www.thewriterscoin.com/2008/05/09/budget-breaking-dealing-with-the-unexpected/#comment-1047 essygie Fri, 09 May 2008 19:18:52 +0000 http://www.thewriterscoin.com/2008/05/09/budget-breaking-dealing-with-the-unexpected/#comment-1047 Firstly, I differentiate between long term and short term savings. Long term stuff goes into places I can't easily get the money back from (not in a hurry, at least). But I always have short term savings set aside each month too. Though it goes into one account, I have a spreadsheet detailing the different "pots" that that money represents. Each pot is for something I know I need to save up for - wedding/holiday/car, that kind of thing - and one pot is for "unexpected". So far, it seems to be working! Firstly, I differentiate between long term and short term savings. Long term stuff goes into places I can’t easily get the money back from (not in a hurry, at least). But I always have short term savings set aside each month too. Though it goes into one account, I have a spreadsheet detailing the different “pots” that that money represents. Each pot is for something I know I need to save up for - wedding/holiday/car, that kind of thing - and one pot is for “unexpected”. So far, it seems to be working!

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