It’s been an extremely busy time for me.
For the first time in my life, I’m juggling working out of the home full time, freelance writing part-time, taking 2 classes in graduate school (one which has me starting the writing process for my thesis so I can graduate in August) and being a single mom. Occasionally, I even throw in a blog post or two.
To say that my calendar is full would be laughable.
I carry around a day planner, an iPhone with alerts AND a notebook, aptly titled “Mind Clutter” for all things that need to be saved. I do that so I am where I am supposed to be on the right days and I’m turning in assignments, whether they are for a client or school, on time. Unfortunately what I didn’t do, was take notice of the date.
Today is March 2nd and…
I FORGOT TO PAY MY RENT!!
This is a big deal! It’s a big deal because there is no grace period and on the second of the month, if you haven’t paid your rent, you are assessed a 10% fee! For me, a 10% fee is roughly the equivalent of one day’s pay if I were subbing.
I just lost a whole day’s pay and I haven’t even worked it yet.
This hurts even more because I’ve had to take off more days than I am comfortable with in February just to get all my assignments done on time (and still some have been late). Spring Break is coming up next month which means, I’m going to lose an entire week’s worth of work as the schools I sub for are all on break at the same time.
Money is going to be even tighter than it has been for the next couple of months as I recover from this. I’m trying not to freak out but it hurts. I was just starting to catch up. I’ve actually had the money in my account for two weeks. I thought about paying my rent a few days ago but then it just completely slipped my mind.
Automating your finances is so important but I haven’t done it in the past. I never knew when I’d have enough money in my account to pay a bill and I didn’t want to overdraft my account when a bill came due before a paycheck was received.
I’ve started automating things in recent months. I have most of my bills set up to come out automatically but for some reason, rent wasn’t done.
And because of that, I’ve lost a very large chunk of money (to me). I don’t have the reserves to fall back on just yet so it hurts.
If you aren’t automating your finances, I suggest you do that. If you are in a situation like I am in where you are never sure if you’ll have enough money to pay a bill, it’s time you do something to fix your life. Make the changes you need to make to avoid mistakes like I’ve made.
I’ve always shared my stories so that others could see themselves in me. People don’t talk about the money mistakes they make very often because they are ashamed to admit it or afraid someone will judge them. I’m not ever going to judge you. I learned from my (most of them) mistakes but not until my mid-30s. I don’t want that for you or for your children. No one should have to worry about how they are going to pay their bills next month, next week or the next day.
I personally can’t wait for the day when that will be me!
For now, I’m going to request that my apartment complex give me a credit for this month’s late fee since it is the first time I’ve done this. I set up automatic payments for rent. And I’m going to hustle during March and April to work every day that school is in session.
I’m also going to seek out some more writing opportunities. I’d like to increase my writing so that I can work at home more (and sub only 3 days a week). If you or anyone you know needs some writing done, I’m your girl. My rates are very reasonable.
Dave Ramsey calls this a “stupid tax,” have you ever had to pay one? What was it and how did you make sure to avoid it in the future?
Image Credit: brianna.lehman
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