Many of us are on fixed incomes, so it is essential that we operate with a tightly controlled budget. I get a lot of satisfaction watching our expenses to be sure that we do not exceed our monthly budget. The goal, of course, is to keep expenses below income.
Unfortunately, circumstances do come in to play and last month was no exception. We were suddenly faced with some unexpected household expenses and our car’s motor mount sprung an oil leak. (I never even knew that our car had a motor mount.) On top of this, we were blessed by week-long vacation visits by our two daughters and grandson.
As parents, we were determined to make their visit a happy one, so our food and entertainment costs rose accordingly.
I soon realized that we were creating a serious financial problem. There was no way we could stay below budget at the rate we were going.
So, I did the only thing left. With a stroke of the pen, I raised our debt ceiling by $500 which automatically kept us within the budget. I began to relax, and all was right with the world.
If necessary, I will raise our debt ceiling again next month. After all, those bills must be paid.
Incidentally, a Standard & Poor’s representative called me this morning to offer a word of caution. Apparently our credit rating may drop from AAA to just AA. I told him I did not care.
No comments:
Post a Comment