I don't get paid in the summers. Because I'm a teacher. And because we have never reached a point in our finances where I can set money aside from each check that is earmarked for summer.
And so every summer we're kind of....well, screwed. My husband receives a quarterly bonus check and we also have our tax return. Those things generally go to the summer-stay-alive fund. And other money pops up at different points that goes in the same direction. But still, every summer, any savings that we have established seem to get devoured.
I've really got to change that. It truly is a sh!t plan.
To be exact, I lack my regular paycheck from July 15-September 15. I work during the summer for my school district for 4-6 weeks. However, I don't typically get paid until September 1. I know, that makes for one hell of a summer job. Still, I can't beat the money for the number of hours I work. On the days I work for the district, I pay half day daycare for BabyJaguar, but that's a good deal, so we save a good deal of money on daycare throughout summer. Also, with the debt that should be paid down before summer (crossing everything), we would save $175 every month. So there are bright spots in the summer budget where we will save on bills a bit.
But we have a wedding in August. In Boston. And while I'm so excited to see a great friend get married to the woman of his dreams, I'm a wee bit (a ton) freaked out. It's going to be a costly trip. Boston is by no means known as an inexpensive city. Also, I think it will be the first (and second, two nights probably) time that I have to leave BabyJaguar overnight. Ever. (Insert visual of me looking like I'm going to vomit here.) The other bummer is that we have some really great debt reduction momentum going right now and I hate to have take time off from it. It's just a bummer.
A goal I am thinking of setting for next school year is that I take $100 out of each check to go to summer savings with the long term goal, once more debt is paid off, of gradually increasing that amount to $350. That would adequately prepare us for summer and alleviate significant stress.