June is going to be One Expensive Month!

I'm so thankful we no longer have any debt because June is shaping up to be one expensive month. I don't think we'll have to dip into our emergency fund but I also don't think I'll be able to save as much into it either. Why?

1 - We'll have about $350 on credit cards to pay. Part of this is $100 in race entrance fees for our next duathlon. Chuck and I did our first duathlon in May and we just might be addicted! (Chuck to the biking part, me more to running which is why later this summer, on the same day, Chuck will be doing a 30+ mile bike race while I'll be doing a 1/2 marathon) Part is the almost $180 I paid in bridal shower preparation (flowers, food, door prizes, etc.) and gifts for my sister. Part is Chuck's birthday present that I ordered online and therefore use a credit card for which to pay. All are "extra" expenses that are not part of our normal monthly budgeting. I'm glad we can stretch our budget to afford these niceties without having to worry about going into debt.

2 - Chuck's motorcycle insurance is due for the year on June 15th. That's a little over $200. I could pay just the minimum ($15) but they'd tack on a $4 service charge for that. I'd be spending almost 20% of my payment just on service charges! No, thank you. I'll just pay the whole bill and reduce my emergency fund contribution accordingly.

3 - And this is the only true use of an emergency fund out of the three - our two year old son broke his arm yesterday in an accident at his grandparents house. He'll be fine (although I'm pretty shaken up) but the trip to the emergency room out of network plus the orthopedic surgeon bills here in our hometown are sure to add up. I have no idea how much just yet which is why I'm unsure if we'll need to dip into the emergency fund or if we'll be able to cash flow the medical bills. It does put a wrinkle in the whole June budget prep though. I think I'll budget the rest of the month and then put that emergency fund line as the medical bill line and whatever I don't end up sending to doctors I'll send to INGDirect. Stressful? Yes. But thank God we had our financial house in order so this didn't turn into a financial nightmare for us.