Teacher Summer Fund?
So I am a 10 month employee. I have a little bit of income come in July, but for all intents and purposes, I do not get paid July or August. Currently, I have been stashing away into a savings category for July that I can release to be budgeted. It is helping me deliberately put away for summer when I can release that money to be budgeted like a "paycheck."
Does this make sense? Should I just instead release the money and budget it in the future now?
I am a school librarian and I do this the same way. I have a “summer money” category and I put $300 in it from each paycheck. It’s actially also a savings account I have so it gets better interest. Come summer, I pay myself from my savings into my checking on each payday, and then use that “paycheck” to budget as I normally would .
I actually did the variable spending online class and this is what YNAB recommended I do.