Way back in September of last year when I decided to take Little Lamb's advise to only focus on my Car Fund instead of splitting money up between the Car and the Cat fund, I set my goal at $1,500-2,000 before switching to my Cat fund. Had I not had my accident in November I would have met that goal. At the time that I set it I had January as my date for flipping form Car to Cat. Over the past week I have been crunching numbers on my January budget. And I have decided to reduce the amount of money going into my Cat fund and increase the amount going into OSAP. However Yesterday my engine light came on in my car so I took it to the mechanic to see what it was. He cleared the issue because he didn't think it was bad but advised me to keep an eye on it just incase. As him and I got talking he mentioned that the spark plugs normally go on Waves every 40,000 km. I am 1500 km away form the spark plugs going on my car. So hears the dilemma. Instead of putting this month's money in to the Cat fund should I delay that until after February and put the money into my car fund to off set the cost of the spark plug repair that is just around the corner? WHAT DO YOU THINK??
Another thing that I have been pondering about is my cell phone bill. My phone is now off of contract however it's old to transfer from another provider. Talk about bad luck! I am still about 450$ away from having the full amount to buy the phone out right. As it stands I spend 100$ a month for my phone. Its an old plan over 3 years old and the only way that my current provider will let me reduce the cost is to sign another 3 year contract. NO THANK YOU! So I have been thinking that it would make sense to take what ever extra money I make and put it into my cell phone fund to speed up the process of reducing my cell phone bill. When I switch providers my cell phone bill will drop at least 25$ a month. I can then take that money and switch it into another saving fund. WHAT DO YOU THINK?
Please let me know what you think to both ideas?