OK, I can categorically confirm there is without a doubt going to be more month left at the end of the money this month. By my calculations I have £6 to last me until next Tuesday (26th January 2011). The very fact that I am hitting the shops on Saturday with my best pal to look for a bridesmaid dress for me to wear to her forthcoming nuptials (how exciting!) alone means I’m going to go over spent (well, we need to have a coffee before hand so that we can ensure optimum energy and concentration levels, plus she needs to brief me on what we’re looking for. Then we’ll need lunch to further sustain us). Let alone the fact that I am almost out of conditioner and I’m sure a host of other cosmetics are also about to deplete their stock in an en-masse fashion.
You may wonder, how I keep (I know, I know, I will try harder) going overspent each month, yet don’t advocate unnecessary debt. Well, me being the goody two shoes that I am have, in fact, built some contingency into my current account, which I fondly refer to as the ‘buffer zone’ (no sniggering at the back please!). I’ve always tried to have a little bit spare, for those days when going overspent is unavoidable. In my head those days are when the washing machine breaks or the boiler refuses to churn out even a droplet of hot water. In reality those days tend to be when I’ve been a bit too generous with my monthly Starbucks allocation, have purchased too many wedding magazines or have indulged in far too much Marks & Spencer’s sushi.
On the one hand perhaps if I didn’t have the ‘buffer zone’ I’d be stricter with myself? Sticking to my monthly budget and ensuring I only spend what I have. On the other hand, because I’m rewarded on my current account with a lovely £5.00 each month my salary gets paid in, my bank recoup that with hefty overdraft charges. And as I don’t seem to have as much willpower as I’d like, then a buffer it is. I keep approximately £100 stashed away, so not loads, but enough to ensure my credit card bill can be paid on its due date without any current account repercussions. Try it…you might like it.