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August Savings

September 7th, 2019 at 09:50 pm

Received $74 bank interest for the month of August.

Snowflakes to Investments:
--Redeemed $35 credit card rewards (cash back) from our gas/grocery card.
--Redeemed $65 cash back on Citi card.
--Redeemed $11 cash back on dining/gas card.

Other snowflakes to investments:
$ 9 Savings from Target Red Card (grocery purchases)

TOTAL: $120 snowflakes to investments

401k Contributions/Match:
+$615

Snowball to Savings:
-0- {No side income this month}

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

Mid-Term Savings (cash saved for non-annual expenses/emergency):
-$ 500 Adjustment for Over-Spending**

Short-Term Savings (for non-monthly expenses within the year):
+$1,400 to cash
-$ 475 Auto Insurance
-$ 250 Movie Theater Pass (1 year)
-$ 215 MH big purchase
-$ 145 Umbrella Insurance increase (+ teen driver)
-$ 135 Auto Repairs
-$ 100 Vet checkup/shots

TOTAL: $939 deposited to cash and investments

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**I mentioned in my last (monthly) post that I didn't expect to hit savings goal in August (when paying off July expenses). This shook out in this report.

I think August was fairly low key. The kids were back in school. The exception is that MH clearly had too much time on his hands and spent a lot of money. I don't mean in a bad way, but he had a lot of big purchases in July/August. One more will show up next month. For this month, July expenses paid for in August, a regional movie theater offered a movie pass type deal. Which is exceptional for someone like MH; he paid ahead for a full year. That could be his entire entertainment budget for the year; he'd go to the movies every day. The nice thing is it's the one in our neighborhood, whereas he had been driving all over the place for free movie screenings. Will still do some of those (they can be fun) but he can afford to be much more choosy and strategic with the free movies.

One thing I hadn't thought of was that umbrella insurance would increase with adding teen driver to household.

In other randomness, we signed up for a 3% interest rate promo rate (savings account) at a credit union we used to belong to, about two years ago. I hadn't even realized that they *increased* the rate to 3.50%. That was a very nice surprise. I had not recommended this CU to MM because it had been a PITA to set up the account. But at 3.5%, I don't know. There is no commitment, it's just a regular savings account.

The "big picture" is very good right now. We already hit net worth goal for the year (probably did a while ago), but just depends how the stock market shakes out on the last day of the year. MH is back at work this month (September). I don't care whatsoever about summer being a little tight. It's the big picture that matters to me. I expected at least a bonus by now, which hasn't come to pass, but business is going very well and bonus potential is very high this year. My first raise is also right around the corner. We are quickly nearing the end of this "gap year".

As to everything else, this was my last post:

If I don't get time to post anything else, life is just very difficult right now. *sigh*

Nothing has changed on this front. I mean, it's all changed, but the challenges are constantly changing. I am working on that post, but lord knows if I will ever get to it.

3 Responses to “August Savings”

  1. Amber Says:

    MM looks like you’re doing great on the savings. Also, try viewing the challenges as opportunities 😉

  2. rob62521 Says:

    Congrats on hitting your net worth for the year! Sorry life is so challenging. Hang in there!

  3. Dido Says:

    I'm sorry that the life challenges continue. Glad you're meeting the $$$ goals.

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