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Archive for April, 2019

Credit Card Rewards Tally 2019

April 6th, 2019 at 02:39 pm

2019 TALLY:

$540 Gift Cards (Citi, Moi)
$150 Bank Bonus

**In addition, various monthly rewards that I will tally at 12/31.


I just saw that the points posted for my latest one-time bonus.

Citi has significantly better gift card rewards than the last time I did this. Will probably pick up some Target and Kohls gift cards, in addition to some movie theater gift cards. Then a handful of dining out gift cards so we can go out and enjoy a bit this summer. All of this will help us immensely during our "income gap". Which I expect to be during the summer months when MH is not working.

I will probably try again for a Chase bonus. I was denied the last time I tried, though I didn't have anywhere near the "5 credit card apps" or whatever they were denying for. But I only applied for one card this year and last year. It's worth a try.

On the flip side, I told MH that I think this is my last big push. We really relied on this extra money to help us through lower income periods and periods of lower bank interest, but I just don't see continuing to do the same bank bonuses over and over and over again. The ongoing rewards and cash back for everyday purchases, those I have done my entire life and don't intend to stop. But I can see wanting to juggle less bonuses and one-time reward cards, for the long term. Will see...

***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending. We treat our credit cards like debit cards; only charging if we have the cash on hand already. We've never paid a cent of late fees or interest.***

March Savings

April 3rd, 2019 at 11:43 pm

Received $83 bank interest for the month of January.

Also received a $150 bank bonus.

Snowflakes to Investments:
--Redeemed $30 credit card rewards (cash back) from our gas/grocery card.
--Redeemed $46 cash back on Citi card.
--Redeemed $9 cash back on dining/gas card.

Other snowflakes to investments:
$ 4 Savings from Target Red Card (grocery purchases)
$100 Tax Refund
$170 Dividend

TOTAL: $359 snowflakes to investments

401k Contributions/Match:

Snowball to Savings:
+$ 0 MH Paychecks
+$ 750 February self-employment income

TOTAL: $1,550 snowballs to savings

Savings (From my paycheck):
+$ 550 to cash (mid-term savings)

Mid-Term Savings (cash saved for non-annual expenses/emergency):
-$ 890 Elliptical purchase (dropped gym membership)**

**My super awesome discount gym closed and transferred my membership to a really crappy gym.

Short-Term Savings (for non-monthly expenses within the year):
+$1,400 to cash
-$ 450 Misc. Expenses (school lunches pre-paid for a few months, medical bills, etc.)

TOTAL: $2,750 deposited to cash and investments


Last month's commentary:

Still just hoarding cash. Second job is winding down (I hope). I have $3k medical bills coming up, want to pay cash for braces this year (x2), have to cover all my professional expenses going forward, etc., etc. Just hoarding cash for all that, and preparing for a big income drop this summer.

I don't know what happened to MH's income. I wasn't able to save any of it (around $900) which is totally ridiculous. But I am still pretty buried and it is most likely an accounting error. Either that or we over-spent something like $400 last month and $400 this month. That is more likely. I know we didn't over-spend $900 this month. Anyway, I share to explain why I saved -$0- of that, but will chalk that up to "life is chaos." Because I track our spending so closely, is why I am fine with, "I don't have time to track it down and don't care." I suppose is the flip side of working crazy hours/extra money. Our life is usually more slow/relaxed, and lots of time to pinch pennies. Life is just the polar opposite of that right now.

All of this is still true. I put $2,000 medical bills on new reward card. I pulled this out of savings in April, along with $11,000 to fund IRAs (for 2018). All of this will show up on my April report.

{I ended up funding our IRAs today}.

I also didn't save any of MH's income in March (again) and couldn't tell you why. It's kind of moot because March is really just paying all of February expenses (credit card charges). So this month was already over (spending-wise) when I did my last monthly update. I don't know that anything has particularly changed, but March expenses (paid in April) ended up balancing to about the penny. & that was during a crazy busy month when I doubt we were particularly frugal (except for being too busy to spend money). I actually just found $150 I accidentally transferred to savings for April, and will fix that by the end of the month. I expect I might find more stuff like that if I look back the last two months.

Net worth is up about $40,000 for the year. Or about 2/3 of our annual goal. Most of that is stock market recovery from end of last year.

I will try to do some more work posts later. But I am starting to feel more *chill* about dropping second income. Some of my reluctance to drop the second income was not having any real idea how things would go with new job. But after 6 months, I feel pretty confident I have found a long-term work home. I also think it's pretty likely I will replace my old salary this year (with the one job). This was part of my strategy and willingness to take a pay cut in the interim.