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Viewing the 'Budgeting & Goals' Category

September Savings

September 30th, 2016 at 09:18 am

Received $40 bank interest for the month of September.

Snowflakes to Investments:

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

Redeemed $41 cash back on Citi card.

Redeemed $6 cash back on Visa/dining card.

Other snowflakes to investments:
--$6 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

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

+$1,300 to cash
-220 school expenses
-188 Medical Expenses
-110 Large Purchase**
-90 Dentist
-40 Took kids/friends to fancy pool

**MM was going to reimburse us partially for a shared electronic purchase. I think we just forgot in the chaos. I'll check with MH on this.

Edit to add: MM reimbursed us $55 for large purchase

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July Flashback:

In August we really need to get moving on some home improvements. I know I am procrastinating because I don't wanna. *sigh*

August Flashback:

No movement on this. I can't imagine readying for contractors in my current state. Though we have lost MH's free summer time to deal with this, work is really slow for me this time of year and I can handle it. I need to at least start getting some quotes in September.

September Update:

No progress on this front because life is chaos right now. I don't see how/when until things settle down a bit.

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MH is back at work. He got a nice raise but is working less hours. It almost evens out, though making a little bit less.

For this month I am just putting his paychecks (3 weeks) towards replenishing our checkbook for vacation expenditures & gymnastic spending.

Next month he will put his 401k back to 50%. He's pre-ordered a VR system, which will take all of his income in October. November income will pay for the hotel on my birthday. I guess that except for the 50% 401k thing, we are just splurging his income most the rest of the year. (We have cash for these things, but we are also working on saving up for some big expenditures, so it will be nice to just cash flow our big splurges).

Until I typed this out, I thought we had maybe gotten used to the extra cash flow and were over-spending a bit. In the end, I was $750 short in the checkbook, after MH being off work for 3 months, which is easily explained by $250 vacation overage plus about $500 of gymnastic spending. Now I just feel silly. We have enough float in the checkbook so I was just kind of muddling through in the interim. I had forgotten that I hadn't otherwise planned for the gymnastic expenses.

I was expecting that MH's income would cover the kids' extra-curriculars. In the past we've covered with other windfalls or they just haven't been significant expenses. I can't say they were a big financial priority. But now we are in a better place to afford this type stuff. I think a lot of it will be moot given the kids' school changes for this year and next. So any bigger expenses will probably be rather temporary. For the next calendar year I can plan ahead better.

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Overall, I'd say that this month was chaotic. Probably too much stress spending.

More fun spending is planned for October. MH and I are going to Tahoe this weekend, and next week we are taking the kids to Monterey. (Instead of the usual big October break that we usually take advantage off, the kids have only one day off together. {Which is why we moved our DC trip up to June}. Though technically MM is skipping his math class so that we can go to Monterey during the week).

August Savings

August 30th, 2016 at 08:42 am

Received $41 bank interest for the month of August.

Snowflakes to Investments:

Redeemed $50 credit card rewards (cash back) from our gas/grocery card.

Redeemed $43 cash back on Citi card.

Redeemed $4 cash back on Visa/dining card.

Other snowflakes to investments:
--$10 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

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

+$1,300 to cash
-900 Auto Insurance and Maintenance
-300 Staycation Spending
-165 70th Birthday Party
-100 Kids' Birthdays

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Other Snowflakes:

--I did earn $250 in gift cards but have yet to be able to redeem them.

--Dh earned $150 cash from a focus group. We invested in a used knee scooter/walker and I am hoping we can sell it next week. When we sell it we will probably buy a used violin for Drama Llama. I don't expect that to cost an entire $150. It seems more sensible to buy used than to rent.

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Kind of a boring month financially. I have some medical bills that will charge next month. Most the expenses above were for July spending. August has been more of a "stuck on the couch" month for me, and busyness with back to school.

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July Flashback:

In August we really need to get moving on some home improvements. I know I am procrastinating because I don't wanna. *sigh*

August Update:

No movement on this. I can't imagine readying for contractors in my current state. Though we have lost MH's free summer time to deal with this, work is really slow for me this time of year and I can handle it. I need to at least start getting some quotes in September.

This week we are taking the kids to the Doctor (well visits/shots), putting new tires on the newer car (replacing low quality stock tires before rainy season) and I got a referral for tree trimming and dead shrub removal. I am pulling a list of contractors to call but I don't know if we will get to that this week. As long as we are steadily ticking things off the list, it can wait a bit longer. Physically, I might be up to dealing with readying the house this weekend.

P.S. Also labeled this post in the *one income* category since dh had no income during June/July/August. His income is more in the "snowflake" range anyway. (If he had a larger income I don't know that I'd differentiate on or off months, but I am definitely feeling the difference without the extra breathing room). I am not even entirely sure he has a job still, so I guess that is some of it.

July Savings

July 30th, 2016 at 06:24 am

Received $39 bank interest for the month of June.

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

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

+$1,300 to cash

Nothing was pulled out of Savings in July.

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July was kind of a crazy spendy month, but that will be funded with August income. We spent $1,500 on auto insurance, auto maintenance, auto repairs, birthdays (3), and our trip to San Francisco. I will deduct all this from short-term savings next month.

I decided to apply snowflakes to bills this month. That was my instinct last month but I stuck to the investments. This month am going to take a break since the budget needs a breather.

Snowflakes to Bills:

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

Redeemed $75 cash back on Citi card.

Redeemed $12 cash back on Visa/dining card.

--$20 Savings from Target Red Card

I also received a random $50 settlement claim check.

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I did round up the mortgage payment by $9 since that got us down to the next $xxx,999. I could care less about round numbers and would rather see a lower number in the thousandth place!

I just tend to round up when I make a large extra payment (one or twice per year). I guess I felt I should snowflake something this month.

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In August we really need to get moving on some home improvements. I know I am procrastinating because I don't wanna. *sigh*

P.S. Also labeled in the *one income* category since dh had no income during June or July. His income is more in the "snowflake" range anyway. (If he had a larger income I don't know that I'd differentiate on or off months, but definitely feeling the difference without the extra breathing room).

June Savings

July 2nd, 2016 at 05:29 am

Received $40 bank interest for the month of June.

Snowflakes to Investments:

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

Redeemed $182 cash back on Citi card. (Lots of travel expenses this month)

Redeemed $20 cash back on Visa/dining card. (More travel expenses)

Other snowflakes to investments:
--$6 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

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

+$1,300 to cash
-$2,000 Airfare (Entire vacation budget)
- 725 Dentist (3)
- 20 Vet (shots)

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More spending than saving this month. Pulled the following amounts from long-term savings:

-$1,300 MRI
-$2,700 8th Grade Trip
-$3,000 Family DC Trip

It probably won't get much better. In July we will work on some big home improvements.

I suppose for this month it should be called "June Spending".

May Savings

May 30th, 2016 at 06:52 am

Received $42 bank interest for the month of May.

Snowflakes to Investments:

Redeemed $50 credit card rewards (cash back) from our gas/grocery card.

Redeemed $70 cash back on Citi card.

Redeemed $5 cash back on Visa/dining card.

Other snowflakes to investments:
--$8 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

Also, redeemed $208 Barclay card one-time bonus.

Savings (From dh's paycheck):
+$ 230 to Investments

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

+$1,300 to cash
-$400 Drama Camp (summer)

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As to dh's paycheck, I turned off the 401k mid-month. I think because we had so many bills coming up. (I don't remember exactly why I turned it off when I did). So we put 50% to 401k first half of the month, and that's it. I used his check to cash flow some of the May/June craziness. Turns out he will only get one paycheck in June so I am so glad I did that. I'll turn the 401k back up to 50% as necessary for tax purposes. Taxes were the only reason we put so much into his 401k, but in the meantime my OT was not as much as usual and his work has been slow, so don't need to put so much in the 401k. (Is not a financial priority at all, to fund his 401k, since we have more than enough saved for long-term retirement). So I will see where we are at in the Fall and what is more efficient. If we can use his fall paychecks to pay for some of BM's class trip, that would be great. At some point I know I will have to put 50% into his 401k again(maybe October - December, or something like that. He has the summer off).

The savings drain will be pretty big for the next two months. Will pay for BM's class trip and our vacation. Oh, and I got dh's MRI bill too. That's $8k+ right there. Fun Fun!

April Savings

April 29th, 2016 at 06:21 am

Received $36 bank interest for the month of April.

Snowflakes to Investments:

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

Redeemed $42 cash back on Citi card.

Redeemed $5 cash back on Visa/dining card.

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

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash
+$ 900 to IRAs

+$3,000 OT to savings (will fund my mortgage goal)

Savings (From dh's paycheck):
+$ 840 to Savings/Investments

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

+$1,300 to cash
- 500 life insurance

{That's $6,155 total saved this month!}

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Grandma slipped me $300 for doing her taxes. I'd say we spent about $200 of that for Robot Wars and related expenses. So I just left this money in the checking account to cover expenses. Will consider all that a treat from her.

Mortgage goal is funded, thanks to OT. (I really didn't work a lot of OT this year, so was glad I made just enough for our annual mortgage goal). But as usual, I am just setting it aside for now and seeing how everything else shakes out. I will apply the $3,000 to the mortgage some time between now and 12/31.

I mentioned in my last post that we are going to spend down some of our liquidity. It's a long story. But I wanted to be clear that it's not a "spend money to spend money" kind of thing. The next step for us is hitting our mortgage hard (our only debt). The short version is that it seems to be more sensible to take care of home improvements before we start throwing large sums at the mortgage. If I have $8k to throw at the mortgage, maybe I'd rather complete some long put off home improvements with that money. On the flip side, we want to have *all* of our ducks in a row before we start throwing bigger dollars at the mortgage. I believe this is our last duck. (& if we had no ducks to tend to, then we'd be throwing some of this money at the mortgage. So I guess either way we will be spending it down).

March Savings

April 1st, 2016 at 08:02 am

Received $38 bank interest for the month of March.

Snowflakes to Investments:

Redeemed $50 credit card rewards (cash back) from our gas/grocery card.

Redeemed $40 cash back on Citi card.

Redeemed $2 cash back on Visa/dining card.

Other snowflakes to investments:
--$5 Savings from Target Red Card

Savings (From my paycheck):

+$200 to investments
+$300 to cash
+$900 to IRAs

Savings (From dh's paycheck):
+$1,400 to Savings/Investments

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

+$1,300 to cash

{That's $4,235 total saved this month?}

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It's been rather weird and quiet on the financial front. Eventually we will get hit with some bigger bills. I have no idea why I have not gotten dh's MRI bill yet.

Of course, we saved so much by virtue of February being a short month I guess. I don't feel like it was a spectacular month on the low spend front, but these numbers say otherwise (since we pay off all February bills in March, then any March savings reflects last month's spending).

April should be a bigger savings month since I expect to receive one check for 4 months of overtime. I feel like March was a pretty lax month on the spending side of things. Probably justified a few too many treats because it was busy. But that said, all the splurging was food related. There was no retail spending this month.

Work has been really slow for dh, which I think has worked well with my busy work season. We only saved so much because it was a 3-paycheck month. I believe he had at least 3 Fridays off in March. I much rather put more of his paychecks to the mortgage or taxable investments and will re-think that since we don't seem to be on track to make as much money as we thought we would this year. I think I will leave it as is but might back his 401k down to 6% from 50% (for match) come fall when maybe he should be working more. I just have to run some tax projections and is why I figure I will let it be for now.