Floating Money

I think that is the term.

We pay our mortgage on the first. I use the Money program to keep our budget, bills, etc., in check. So on the 15th I put in that half of the mortgage is paid – though it technically doesn’t go to the bank. Then on the 1st we actually pay the mortgage.

Over the summer we were dipping into the mortgage money on the 15th. By September we were spending all of the paycheck on the 15th and then paying the mortgage all the way with the 1st paycheck.

This paycheck (the 1st) is the first one where we actually still have 1/2 of the money we saved for the mortgage. I am so happy, excited, emotional. It’s a big step for us to be able to manage this again.

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