Home > June '22 Savings

June '22 Savings

July 17th, 2022 at 06:50 pm

Received $38 bank interest for the month of June.

Received $120 I Bond interest for the month of June.


Snowflakes to Investments:

--Redeemed $39 credit card rewards (cash back) from our grocery card 

--Redeemed $69 cash back on Citi card

--Redeemed $7 on dining out/gas card


Other Snowflakes to Investments:

+ $8 Savings from Target Red Card (grocery purchases)

+ $9 Rounding (to reach an even $1K for first 6 months of year)


TOTAL: $132 Snowflakes to Investments


401k Contributions/Match:



Snowball to Savings:

+$1,175 MH Income

+    340 MH Extra Paycheck (worked way later into June than usual)

-     340 Dryer Repair


Savings (from my paycheck):

+$950 to cash (mid-term savings)


Pulled from mid-term savings:

-$200 Movie Expenses (Film Festival Submissions, etc.)

-$120 New Dishes


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

+$1,500 to cash

-$  240 50th Anniversary Gift

-$  200 Vacation Spending (Monterey)

-$  105 Misc Spending

-$    55 Field Trip/School Expenses


TOTAL: $3,930 Deposited to Cash and Investments


Hybrid Miles Driven June:  680

Fuel Costs: $22 Electricity 

(assumed 50 miles & 14 KwH per full charge)


Electric (EV) Miles Driven June: 910

Fuel Costs: $19 (home) + $7 (out)

(assumed 300 miles & 60 KwH per full charge)


Most charging (both cars) was done at home or at free chargers.

Note:  Higher summer rates kicked in this month (home charging)

We did 60 miles of free charging this month. 

Did a separate post due to longer update.


Note:  I am always lagging a month behind because any bills charged in May will be paid off June 1 and reflected in my June numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects May spending & June savings.

Note:  I Bond interest hit because we got past 3-month penalty time period ($0 interest).  

Big Picture: Emergency fund is funded. Cash set aside for college rent next year.  Remaining cash = $5,000.  Most of that excess was clearly built up this month.

I know we will very likely have $3K in medical bills this year (our deductible).  & would like more buffer for some of the more foreseen.  Home maintenance is the obvious.  In addition, starting to save for junior year college costs, with a general plan to spend sophomore year saving up for the last bit of expenses we expect for MM college.   So there will be some overlap while we have extra funds for multiple school years.  

{This does not include I Bonds, which are loosely earmarked for college expenses.  Or gifted college funds.  We have a few buckets to pull college expenses from.}

July is kind of "meh" and August is going to be deep in the red.  Could maybe squeak by in the black otherwise, but MH is off work, I have the biggest mouth to feed, and tuition/rent will be due in August.  In addition to some other bigger expenses we've already run up (that will be paid off in August). 

I still have *no idea* what our college costs will be next year.  I've heard that scholarships sort out in July, so we should find out soon.

{We were okay with the one-time scholarship because it's a very inexpensive school.  We will need to pull $2K for tuition in the fall, if MM gets -$0 scholarships.}

I peeked at the big big picture recently and we were down $30K.  I feel very *shrugs* about "the stock market being where it was just a year ago."  But am also very happy with stock/bond/cash mix.  Hint: never bought into going all-in on the stock market, which became very popular during very long bull market run. 

There's that, and also in the accumulation stage it is much better to buy lower.  I welcome the rare chance to buy stocks at a discount. 

I am bracing for a bumpier ride.  Non-fussed about it in the moment, but clearly hear the alarm bells and am bracing for the eventual bumpier ride.  

Edit:  I just realized I needed $9 to reach 1/2 our snowflake investment goal for the year.  I just threw $9 to that.  $1,000 of $2,000 invested, for the year. 

2 Responses to “June '22 Savings”

  1. LivingAlmostLarge Says:

    How much has college costed you total so far? How much did you have save for the boys?

  2. MonkeyMama Says:

    College tuition: $0
    I don't really know how to answer that. I don't personally consider rent to be a college expense. You gotta live somewhere. But admittedly is mostly what we are saving for at this point. We paid $9K rent last year. There's other small fees and costs, here and there. I have detailed records and can share in a blog post later.

    I personally didn't save anything for the boys. Never a priority, with our very affordable CA colleges. (Other than maybe maxing out ROTH IRAs we didn't need, because we could tap for college later). But MM has $30K gifted funds (gifts + stock market gains). I have $20K set aside in I bonds that I am willing to use for rent the last two years. & I have next year's rent set aside in cash.

    The I Bonds was initially taxable investments we funded when retirement was maxed. Cashed out in 2020 and put it to I Bonds this year.

    DL has the gift + $20K I bond money he can use. Except he's a couple of years behind and with different market timing, I think he only has $24K in his gifted college fund.

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