Home > Oct '22 Savings

Oct '22 Savings

November 12th, 2022 at 03:16 pm

Received $75 bank interest for the month of October.

Received $180 I Bond interest for the month of October.


Snowflakes to Investments:

--Redeemed $4 credit card rewards (cash back) from our grocery card 

--Redeemed $98 cash back on Citi card

--Redeemed $26 on dining out/gas card (+ groceries during Q4)


Other Snowflakes to Investments:

+ $5 Savings from Target Red Card (grocery purchases)


TOTAL: $133 Snowflakes to Investments


Snowball to Savings:

+$1,250 MH Income

-$  150 College Expenses (dorm insurance, kitchen supplies)


401k Contributions/Match:



Savings (from my paycheck):

+$950 to cash (mid-term savings)


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

+$1,500 to cash

-$  900 New Tires (EV)

-$  450 Car Insurance (hybrid)

-$  645 Travel - College Move-In

-$  535 Travel - Arizona

-$ 150 Dentist (MM)

-$   50 Password Software


TOTAL: $2,178 Deposited to Cash and Investments


Hybrid Miles Driven October:  785

Fuel Costs: $21 Electricity + $37 Gas

(assumed 50 miles & 14 KwH per full charge)


Electric (EV) Miles Driven October: 1,370

Fuel Costs: $24 (home) + $8 (out)

(assumed 300 miles & 60 KwH per full charge)


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

Note:  Summer rates ended and we will pay lower electricit rates for next 8 months.  

We did 100 miles of free charging this month.  Free Miles Downtown (film festival)

Spent $6 charging on ~270 mile Bay Area trip.  

Spent $2 charging on 300 mile Bay Area trip.  (Used EvGo while meeting a friend for lunch. I still apparently had some old credit.)

We also drove to the Bay Area (a 3rd time) and Napa. 

Note:  Purchased gas for Oregon trip and then ended up not going.  Will have to burn through this gas at some point.  Waiting to see how other film festivals shake out.  Otherwise, will do a gas run to Bay Area at some point.  That will burn through most of the excess gas.


Note:  I am always lagging a month behind because any bills charged in September will be paid off October 1 and reflected in my October 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 September spending & October savings.

What to say about October?  It's what I expected.  Off the top of my head, still have ~$650 left in the vacation fund; will finish zeroing out next month.  October was *the* big travel month, but most of that was charged in October and will be paid for in November.

I did see that our credit cards rewards are being upgraded on my credit union card.  At first glance the only difference I saw was that gas is going up from 3% to 4% cash back.  I don't think that will help us much.  With DL(17) taking over the gas car, I expect to only spend ~$15 on gas per year.  

I Bond rates should bump up next month.  We are still getting first 6 months of 7.12% rate.  Then will get 6 months @ 9.62%.   

Interest rates on our savings accounts continue to go up.  

Our car maintenance has been ~$0 for the past 4 years.  I had a $1,500 annual car repair placeholder that I have just kept in place because we received the kids' (20yo) gas car 4 years ago.  I figured I'd keep the same car repair maintenance placeholder.  (We used to have two older cars, but now have two newer cars under warranty, ourselves.  The two older cars would always throw off more car repair bills).  But in the end, the kids' old gas car has been extremely low maintenance.  It's a great car, but also barely driven.  I think "barely driven" is more to the point as to the very low maintenance.  & the EVs are extremely low maintenance.  

It was nice while it lasted, but this year we will have some catch up on repair bills.  We had some repairs on the old gas car (will show up next month).  & it was time to replace OEM tires on the EV, which we got 50K miles out of.  Not bad, for factory tires.  I am so confused though because my car has more miles and way more life left on the (same OEM) tires.  All I can figure is that the ~90% freeway driving is much lighter on the tires.  While MH was getting his tires changed out, I was going through tire discussions in my hybrid group and saw some opinion that should replace tires after 5 years due to the weight of the car and the thinness of the energy efficient tires.  But when I got home that day and looked carefully at the tread, I decided that is ridiculous.  I mean, I was almost ready to just switch my tires out too.  I will give it a year and spread out costs a little bit.  I can still be cautious and switch out next fall.  Both our cars are 2017 model years.  I will probably switch mine out at 75K miles.  (An extra 25K miles with all that freeway driving.  MH did buy his car more used, so maybe the prior owner was also harsh on the tires).  With MH's car, we replaced the tires about a year before we needed to.  But we didn't have any expenses for 4 years and we had a used tire on the car (to replace a flat) that was nearing the end of its life.  We just found it easier to replace all the tires and move on.

Looking ahead to November.  Ugly...  Just paid Property taxes and MH's rent for the second quarter.  Big transfers out of savings this month.  In addition to paying off some big credit card charges from prior month.  & I would pay tuition if MH Had been able to register or if financial aid office was caught up.  Will see...

I did just update sidebar.  Tentatively checked off $10K savings goal.  I do expect to fall backward this month and so won't give it a full check off.  But I think December looks promising to solidify this goal.  On the plus side, I am not pulling college money or property taxes from this bucket.  So all of this big money drain in November should mostly not affect our $10K (mid-term) savings goal. 

Edited to add:  I usually draft this post around the beginning of the month I am updating, because I have most numbers and most spending done.  So...  That was 6 weeks ago?  I did end up in a car accident this week.  Ugh!  Someone hit my car on the freeway.  Everyone is okay and that is what is important.  (& for the first time since college, the other person actually pulled over and took responsibility.)  My November numbers will be weird because I expect my car mostly to be in the shop and will have to rent a gas car.  MH will take the rental (for his 3-mile commute), to minimize gas costs.  We are going to drive this gas rental as little as possible. & the timing is good in that we don't have to spend our own gas driving DL(17) to school.  He got his license just days before my accident.  

Oh, and one of my tires was hit in the accident.  I presume the shop will replace it and then I will be left with uneven tires.  I may just bite the bullet and replace all the rest of the tires at ~67K miles.  If I wait until December, I can at least make it a 2023 expense (charge in December, paying with January 2023 budget).  I guess that whole thing I am rethinking again.  I suppose it may be optimistic to assume I can even get my car back this year.  

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