Time Flies

I have discovered the secret to making the months fly by is to become a bookkeeper, an accountant or any line of work that has monthly deadlines. Add working from home to the mix and these COVID months have flown by so fast I am one of the rare few who wouldn't mind going back to the beginning of all of this and doing it all over again.

Why in the world would a person want time to go by so fast? In all my years of saving, budgeting and paying off debt, "pay day" was the day of the month I most anticipated. It was the day I could knock a few more dollars off my debt load, pay off the bills and bring myself back to zero, or add to my savings (the savings part goes back to my younger, B.D. - Before Debt years). 

It doesn't matter how much or how little I make; how high or low my debt load is; or how comfortable my life should be financially, I tend to find myself recreating scarcity when it comes to my finances.

When I was working full time, paying for daycare, upgrading my wardrobe, putting more dollars into car maintenance and all the costs associated with working I always felt broke. When a window opened where it seemed like I could breathe a little easier, I added retirement savings, insurance and a regular savings plan to my budgeting scheme to ensure all annual bills were anticipated and ready to pay to recreate the feeling of never having quite enough. 

When I opened my daycare, I didn't earn enough to pay the bills at first. I dipped into my RRSP to shingle the roof. I withdrew the un-locked portion of my pension to make ends meet. I did what it took to keep the bills paid. There was no room for saving but I was at home and paying the bills. I was rich in all the ways that mattered. Just not financially.

Eventually, my daycare income became stable enough to sustain our household expenses. Once again I found ways to return to the feeling of scarcity in the budget. Whether it was house repairs or simply extra-curricular spending, I always seemed to find a way to feel like I was one pay cheque away from financial ruin.

Then came The Year of Mom. The year I ran out to Mom's whenever the need or desire arose. My employment situation was flexible enough to allow for me to take time off and go on a whim. This unpaid time off was subsidized by another pension fund withdrawal. I made it work despite the hit to my income.

I should have been on easy street from that point forward but there was the Year of Fly Away Vacations, followed by the Year of Renovations. At each and every juncture I spent just a little more than I had. 

I juggled here and there to keep balancing to zero but at the end of last year's renovations I was officially $5,000.00 in the hole. 

I thought I was in a place where I could easily pay it off in five, $1,000.00 monthly installments. I was so wrong. My annual savings account where I carefully allotted a set monthly amount to cover the larger annual expenses went by the wayside several years ago. One unexpected expense after another delayed my payment strategy. Now that the months are flying by and I have no incoming invitations and life's expenses have become predictable and manageable my debt will be paid in full tomorrow. Yay!!

This will be followed by paying my taxes, then saving for house insurance and car plates/insurance BUT if no unexpected expenses arise, I could be back in the driver's seat of managing my finances by November.

This is a big "if". There are so many unknown variables. In the meantime, I'm grateful for the speed with which I turn over a new calendar page. With each page, comes the hope that I'm one month closer to financial ease. 

Time flies when you are meeting deadlines.