Originally Posted by micah_mae_
Sometimes we have a weird pay period where we can't pay all of our bills. It hasn't happened in a while but it's happening next pay period. How do you decide what bill not to pay? Do you do without buying food? How do you catch up?
Our bills next pay period: Rent ($675), car payment ($417), credit card ($133), electric (~$130), water (~$75), gasoline($240) and food/diapers ($240).
We are about $180 short and that's assuming our utility bills, we haven't gotten them yet so we don't know what they'll be. Our service line had a leak in it so who knows how long it's been there and how high our water bill will be. :(
So glad the crisis was adverted.
Thinking more long term, you spend twice as much on car payments as food and 2/3 as much on rent on car payments per month. I think your car payments are what is holding you back. Any way to sell one, or both for something cheaper?
If this happens again, my choice would be: rent, food, power/water/ the car/gas that gets the wage earner to work...and then everything else.
Your siggy states that you are military. So in honesty, you don't have a "weird pay period" , you have a very standard paycheck that might not align perfectly with your monthly bills. My advice, and we are quasi military, would be to have a "buffer" in your account that is your new zero. For us, it is $1,000 because we have exchange rate issues and very stable bills. A few years ago, it was as much as $6,000--due to our bills and timing issues. Whatever you need to pay each pay period or month, already having in the account will give you so much peace. Hope that helps a bit.