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May Savings

May 30th, 2017 at 10:44 pm

Received $36 bank interest for the month of May.

(I did lose higher interest CD, but I guess that is offset by parking OT in savings.)

Snowflakes to Investments:

Redeemed $25 credit card rewards (cash back) from our grocery card.

Redeemed $26 cash back on Citi card.

Redeemed $7 cash back on Visa dining/fuel card.

Other snowflakes to investments:
--$7 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash (mid-term savings)
+$ 900 to IRAs

Short-Term Savings (for non-monthly expenses within the year):

+$1,300 to cash
-1,000 London Hotel
- 140 passport expenses
- 100 wireless router (issues with old one)

In addition, we pulled $600 from mid-term savings to cover the rest of the hotel.

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We've already tapped out our regular vacation budget. We had no plans whatsoever to fly anywhere for the foreseeable future. I still really think we will revert to our modest vacation budget (future years). Knocking out Europe with $2,600 hotel/airfare was just too good to pass up. We could have paid less, but were willing to splurge on the unexpectedly affordable hotels. We didn't even look at anything with less than 5-star reviews.

Our short-term savings is pretty weak right now. We usually vacation in the fall. & we only prepaid the hotel because of the favorable exchange rate. (I decided to hedge my bets on "most favorable exchange rate in 30 years"). Anyway, usually we build up more before we spend down, but I expect the timing to just work out a little differently this year. It doesn't really matter. It will all even out by the end of the year.

The rest of our London expenses will come from savings, or MH's job. We've allocated about $500 from his job since we will save $500 by not traveling during his work season. Credit card rewards should cover most of our tours.

4 Responses to “May Savings”

  1. rob62521 Says:

    Yay on the interest! Just wish interest rates would increase a bit.

  2. FrugalTexan75 Says:

    MM,
    Have you looked into the Kassasa accounts? There's some paying between 3 - 5%. I have my checking in one paying 2.5% up to 25K (it's local and convenient for weekly cash deposits.)

  3. MonkeyMama Says:

    FT, Thanks for the heads up! We don't have direct deposit or use debit cards, which are requirements for Kasasa.

  4. FrugalTexan75 Says:

    Some accounts will take ACH transfers as a DD. Also, if they only require debit (not debit as credit) you can load your Amazon balance in $.50 increments. Smile

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