Budget Rollover -Where to put Extra Cash
Find a Conversation
| Sun, 11-14-2004 - 3:04pm |
Hello! Hope everyone is having a nice weekend! I am loving the cool weather and football!
DH and I use an envelope system (we pull out enough cash to get us through two weeks and place in designated envelopes for groceries, gas, etc).
This pay period we stuck to our budget like glue, and we have an excess of 80.00 in our checking account (we usually live week to week with no excess). All of our bills have been paid and we still have cash in our envelopes to get us by until Thursday (payday).
Here is my question: what do we do with that excess money? Do we leave it in our account and let it roll over, or do we stick it in savings, or do we tack it on to a debt payment during the next pay period. I realize this is an open ended question with no set correct answer, it would just help me to hear some opinions.
Thanks for any comments! :)


If I have anything extra I put it towards debt. For instance, this week we have $56.43 left in our checking account. I will put that towards our credit card.
-Darcy
P.S. I sent my left over $18.00 to my target debt.
Thanks you guys! I will probably split the money and send half to savings, half to a credit card! I appriciate your insight! If the excess is there next pay period, I may need to re-evaluate our budget and create a regular place for the extra money (and splitting between savings, and an extra debt pmnt may be just the right thing for us!).
Thanks again for responding! :)