October was a Month of Learning

I learned a lot last month about managing my money. And I learned it the hard way.

I learned not to pay more than the minimum amount due on my credit cards until the following month. For example, I sent one of my credit cards a payment for $1,062 on the first of the month. But by the middle of the month, some expenses came up and I was all of sudden overspent. If I had just paid the minimum amount due ($144), I would have had about $800 of extra cash that would have kept me from overspending. So now I wait until the following month to pay more than the minimum. This month I have managed to earn an extra $200 by tutoring after work, but I won't be sending that money to the credit card companies until December, after I am sure that November expenses are paid for.