2020 First Quarter.....Small Economies Report

The first quarter of 2020 is in the books now.
Let's see where some of my small pots of savings look like so far.
These stats are all effective as of March 31, 2020.

*  Rolled coins--$3.00

*  Found Change--$44.69  Finding money is the best!  Nobody can argue with that, right? 8-))

*  Refunds & "Post Coupons"--$37.20 Mostly Weis(PMITA)Markets and Rite-Aid.

*  Cash Rebates--
   * Ibotta--$139.99
   * SavingStar--$9.00
   * Checkout51--$0.00
   * ShopAtHome--$15.95(I think I need $20 to cash out of this.)

Total.........$233.88 (not counting ShopAtHome-With SAH it's $249.83) to put toward the grocery spending in December.


Do you stash non-income money aside to put toward a goal?
Tell us about it and what strategies work for you in savings money!


Sluggy

Frugal Friday......the October 12th Edition

Here are a few frugal wins we had this week.......

*  I did very little grocery shopping this past week.  Trying to eat down the freezer and pantry instead.

*  Here's my score from finding money this past week........

.49¢ in assorted coins.  Kim has a bit more we found jointly.  Kim also beat me at the finding change game on the trip. She has no shame and will do ANYTHING to pick up a coin! lolz

* While out shopping with Kim on Sunday I took her to a local donut place.  It was almost time for the shop to throw out the morning's made donuts so we got a free dozen for buying a dozen.  WooHoo! 

Those puppies didn't last very long with Kim around.....hehehe

*  No Weis Freebie last week because we weren't in town here.  The kids didn't buy any groceries while we were gone even though I left them some money.  Win-win!

*  All this was plundered from Rite-Aids in 3 states last week.......

Grand total spent was $6.38 in Bonus Cash, no actual money was harmed in the making of these deals.  ;-)

*  Sunday instead of taking Kim and Joel out for dinner, I spent $5.15 at Weis and made dinner.  I also turned a day old bakery 50% off French bread loaf into French Toast for breakfast the next morning before they left for Philly.

*  Used the weekend and off-peak hours to do laundry.....and boy! did we have a LOT of laundry to do!! lolz

* I picked the last of the basil on Thursday before the frost that was expected that night........

It's in the oven now drying.

* Went to my semi-annual dental appointment for a cleaning.  No cavities so there will be no co-pays.
Go me!  I also loaded up on freebies while I was there........

5 x toothpastes
4 x mouth rinse
13 x $1/1 Qs for floss and rinse


That's about it for around Chez Sluggy.
What frugal wins do you have this past week?

Sluggy

Helping Your Kid Get a Handle on Money

I guess I've done a pretty good job of teaching my kids about how to handle their finances well.

Eldest son is almost 26(next month)and self-sufficient and on his own as far as money goes and has been since graduating college.

Daughter use to be self-sufficient and on her own but does live here now. But we don't pay for her car and insurance, her college costs, her dog or her "fun" so she is on her way to being self-sufficient once again once she earns her degree.

College Boy is a whole other story however. ;-)

Last year I sat him down and had a money talk with him, just the latest of many I have had over the years with this boy.

He needed to work his Summer job and save his money for college that Fall.  Well even though he made Thousands that Summer he carried something like $400 back to school with him. 8-(
Not wanting to strong arm him or nag him I took a hands off approach after we had our little sit-down.
Things obviously didn't work out well.
The main reason is this.........

College Boy has a checking account with a debit card.
Like most millennials he doesn't know the PAIN of spending "real" Money.
Nor does he write checks, withdraw cash(usually) or keep a register and know exactly how much and when he is spending his money.

When he went away to school the only bank/credit union available to him was this one.  Our local banks/CUs weren't in that town so I couldn't be on his account and access it to check up on his money habits once he wasn't living here fulltime.

Taking out a piece of plastic and swiping it just isn't the same as having to wrench cold hard cash out of your hand to pay for something.
Add in that he doesn't even keep a running tab on his balance of what he spent and as a result money just poured through his fingers like water.

So I started telling him back in March on his Spring Break, while we were in the car together for 2+ hours with no distractions that this Summer was going to be different because I was going to MAKE him save his money!

I sat him down a few weeks ago, after I got home from Virginia, and I told him how this was going to work--

He was to come up with a budget to include the amounts he required to pay for his "needs".
Needs vs. Wants discussion ensued.

He needs gas money weekly to get to job and to see friends.
He needs vape juice money every third week.
He needs haircut money before returning to school.
Basically that covers his needs.

Then there are the Wants.
He wants to buy food, drinks whenever he is out.
He wants to go to the movies/bar/restaurant with his friends.
He "wants" to the point of spending every penny. sigh.

So we roughed out a budget finally that included all his need money and some WAM(walking around money)or Blow money for his wants.
This budget cuts down substantially on what he gets to "blow" every week.

Figuring out his take home pay per week and then deducting his expense budget he also came up with a target to save this Summer of $2,100.
This savings amount will be divvied up thus--
He needs a new computer(specialized for his music recording)which will cost about $600 and he wants $1500 to take back to school in the Fall for incidentals.

So I took away his debit card(ouch!)and the plan was for him to withdraw all his pay each week, give me all that cash which I place in a bank's safe deposit box.
I give him back his expense $ for the week and tuck away everything else to save it and he can't get to it to spend.

Except where he works won't let you direct deposit your paycheck into your account until 30 days after you begin working there.
They load a debit card with your pay, so he's having to go to an ATM and withdraw from this loaded debit card to give me his cash.  We leave his expense money on that special debit card for him to use each week.
Once he's been there 30 days he can get direct deposit and we'll go fully cash for expenses.

We are three weeks in and it's going well.  We have two weeks of pay tucked away....

And next pay deposit he'll have enough to buy the components to build that computer plus some.

He's not spending every penny like previous Summers and we've had some talks about handling finances too in the last few weeks and he's expressed his thanks at learning these lessons.
He's paying closer attention to what and how he is spending now too and he's making better choices(though forced to at this point lolz).
Once he gets the direct deposit he'll get his weekly money in cash and we'll see how that goes.

I hope this Summer is long enough to get him out of his bad money habits and help him develop better ones before he is fully on his own.

Sluggy

What's Going on at Chez Sluggy Lately

*  We are well half over March now and the money is looking good.
Looking good despite having real estate taxes and the yearly sewage bill due this month. 8-)

To help offset these bills we had additional income this month----

2 stock dividend checks came in.
Our electric bill will be lower than usual for March due to this wacky warmer weather(though it is due to snow here this weekend).
A refund of a $314 medical bill for the Daughter we paid in February.  The doctor over billed so we got that money back.  Since I deducted it from February's income I get to add it back to March's income. 8-)
We also received our Federal tax refund this month.

*  Here is the extent of my shopping trips this week.  A trip to Rite-Aid for prescriptions led to this haul too......

Sale prices and/or 20% Wellness disccount combined with coupons and Plenti points earned back and rebates meant every single product was a moneymaker.

This all came to $23.02 with tax and I used Plenti Points to pay.
It also earned $27.00 in new Plenti Points.

I also got back the .67¢ I paid for the Cadbury Chocolate Egg in my Saving Star account, making this a $4.65 moneymaker.  8-)))


*  I brought a load from the toiletries stash down to the dining room to go through them and make up
another Giveaway Box.

Stay tuned for another giveaway coming up soon!

*  Hubs made a run to the local Shursave market this week for some groceries.  $9.25 was all that was spent so far this week.  I might actually stay under the food budget this month despite College Boy being home for a week and eating us out of house and home.

And that's about everything worth mentioning.  It's been a low key, quite(boring), stay-at-home kind of week.


Sluggy

Habits of the Debt-Free

I saw an article on Yahoo earlier this week HERE.

It is a list of 10 traits that Debt-Free people have.
The author states that in order to be debt-free you need to think and act as those who are debt-free.

There are many lists of ways to improve your life out there, but I thought this one was pretty spot on.
At least, these are habits that I have made my own and I have been totally debt-free since March 15 2007.

Here's a brief synopsis of the list in my own words......

1. They pay attention to the details.
If you want to be Debt-free, pay close attention to the details of your money.  Things like always checking your account statements, reconciling your statements each month, always recording withdrawal/deposits/debits.  If you have auto withdrawals coming out of your accounts, keep an eye that they are accurate.  Keeping an eye, as well, on your credit card statements that all purchases are correct.  Stay on top of payment due dates and avoid overdraft fees.  Pay off your credit cards each month to avoid interest charges.  Debt-free folks avoid late fees, overdrafts and interest charges whenever possible.

2.  They understand their finances.
Not everyone has a finance or accounting degree or knows tax law inside and out.  But even if you can't do all the legal/tax/investing work concerning your money, you make a point of learning as much as you can, so you can understand what your financial planner, tax expert/preparer, stock broker, insurance agent is telling you.  Debt-free folks never just hand over their financial information to another to manage blindly.  They have some level of knowledge about all things financial and ask questions if they don't understand something.  They never make financial decisions without knowing something about that decision first.

3.  They live on less than they make.
Debt-free people know exactly how much they bring in each month or year and make a point to live below their means.  They know where their money goes each month because they put it on paper and tell their money where it is to be spent(or saved).  They know they need money for unexpected emergencies and they know they need to think about their future(retirement), so they plan to live on a percentage of their income each year instead of squandering their whole paycheck every month.

4.  They plan for the long term.
Debt-free people don't just live for today, they think about their tomorrows.  Because they live below their means, they can accomplish saving for their financial future.  This takes a lot of discipline and avoiding instant gratification in a society that only values the "here and now".  Some times debt-free people feel at odds with our society and are often labeled freaks.  Wave that freak flag proudly! 8-)

5.  They aren't afraid to be bold.
Debt-free people aren't shy about asking others how they achieved a goal that is worthwhile to them.
If you want to be debt-free and you know someone who accomplished some financial goal, ask them about it, and then apply that advice to your situation.  That's probably how a debt-free person got there.....they saw or asked how others who were debt-free did it and applied those same principles to their own lives.
Be curious how people you know, who have won with their money, did it and don't be shy about getting some tips from them.

6.  No amount of money is too small to save it.
Debt-free people know that any little bit you put away for tomorrow will help you reach your financial goal.  $10, whether from your regular paycheck or some unexpected windfall, may not seem like much and not worth putting toward retirement savings so you may be tempted to spend it on some frivolous want now.  But getting into a habit of putting into savings regular small amounts can add up over the long haul(yah for compounding interest!).

7.  They set goals and can see the "Big Picture".
Debt-free people set goals, both short term and long term.  They have more focus because of their goals.  Like the snowballing debt principle(paying off debts helps you build momentum toward paying off More debt), setting financial savings goals helps you to keep moving forward with your money.  You reach one goal and that helps you stay focused on reaching the next goal.  All these interim goals eventually add up to your complete financial plan for your life.  Debt-free people don't like surprises, especially where their money is concerned.

8.  They can say No to their wants or find ways to satisfy them cheaper.
Debt-free people are good at telling themselves no yet not feeling like they are sacrificing all the joys in life.  They can deny themselves many of the "lifestyle inflation" wants in our culture that end up sucking up all that extra money people make as their salary increases.  It is very frequently that as people make more money they spend more money.  Debt-free folks are able to avoid letting their lifestyles expand at the same rate(or even a higher rate)as their salaries do.
Yet they are still able to satisfy their wants and have a balanced life by finding ways to enjoy the fruits of their labors in less expensive ways.  Find the priorities in your life and make trade-offs to achieve what is important to you.

9.  They know what everything costs them, not just in money.
Debt-free people know the value of a dollar.  They understand how hard it is to earn those dollars and how much of their life everything they have to pay for costs them.  When you think about that $500 designer purse you lust after as not just $500 of your money, but you having to work for 30 hours for to afford to buy it, does it still feel so appealing versus 30 hours of your life?  If you stop buying $500 purses, how many less hours over the course of your lifetime could you work and be able to do some activity you enjoy more than working?  Could you have retired years earlier if you didn't spend money on "things" you don't really need and spent your time how YOU wanted to instead of slaving for a boss?
Debt-free people know that things cost you in time out of your life, not just in money.  Money is merely a tool to get you somewhere you want to be in life.  The hours of you life are FINITE so spend those judiciously.

10.  Their values are different from most of society's values.
The majority of debt-free people value people more than things.  I'm not talking about the 2nd generation wealthy who have always had wealth, though some of them also value people more than things.  Most Debt-free folks have different priorities in life than our society.  Money is not the "end all" and "be all" in life.  Sure money is important, but it is just a tool.  A too that when used effectively can help give you a happier life.  It can take care of some problems in your life and keep stress away when you have enough money to avoid financial problems in life.  It's a tool to give you time with the people you love and help you to keep them healthy and happy and use it to make their lives better. 

So what do you think of  this list?
Doable?
Or a Load of bullshit?

I didn't always have these habits.
They have evolved over the years.
Some where naturally easier for me to take up and some have been difficult......very difficult in some instances.  Like the money only being a tool to happiness and not the end goal in life, to just have money.

These aren't hard things to do if you just keep trying them.
They say an action only becomes a habit once you've stuck to it for 30 days or so.
That's all it takes to get it to become routine in your life.

Anybody can form a habit at any time in their life by just sticking to it for 4-6 weeks.
But it's all about WHAT we want to become our habits.
Try picking one of these 10 characteristics above and focus on making it a habit in your life for the next 30 days.
If you need support don't be afraid to ask someone for help too to keep you on track either.

If you want to be debt-free DO what the debt-free do.
A better life is in your hands!
So why not start now toward the life you want.

Sluggy

$20K Savings Challenge.....FEBRUARY Results for 2012

Ok, here is my February Savings Challenge Update post for 2012.
This post is NOT about bragging or showing off.  It's just what we are able to save given our income and being able to hang tough against "unconscious" spending.

Just to update, My Savings Goal for the Year in 2012 is $20,000.  It's well below what I've saved in previous years I know.  But we also have a goal of paying for 4 home improvement projects at Chez Sluggy this year.  We plan on cash-flowing these projects with the additional money we save.

On to the February report.....

I have posted my FEBRUARY End of Month $20K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $1,666.67.

I have to report that we finished up February in the black!
The extra cash amount we ended the month of February with?.......$1,889.15!

Income
We had $1,867.30 left over from our income after our monthly expenses were deducted.
Add in $21.49 in Rebates applied against the food expenses & .36¢ in interest and  you get a total of $1,867.30.

Outgo
Traditionally February has been a very tight month for the money.  Besides the usual expenses we have  semi-annual car insurance payment in Feb.  Add in that February is usually the highest electric bill of the year and this makes for heavier expenses.  Most years if we do not go into the negative in February I am happy.  Having leftover cash this year is thrilling! 8-)

As for the expenses this February......

HERE are the GOOD THINGS

*  While the electric bill was high(as our heat is electric and it IS Winter!), the mild temperatures in Jan./Feb. kept our bill over $100! lower than the previous year's bill.

*  The cash withdrawals were relatively low and I underspent on the food budget in February.

*  The credit card bill(which is paid in full each billing cycle)was under $700 this month.

HERE are the BAD THINGS

* Car insurance premium.  #2 Son just turned 16 in Feb.  I am dreading how much it goes up once he goes to get his Learner's Permit....bleh.

* I wrote a check for our state taxes as we always end up owing a bit on the state form.

The Food Budget costs for February are in another post, which is located HERE.  I underspent my food budget by about $93, as we ate down supplies from the freezer/stockpile last month and I stayed out of the grocery store for the most part.

YEAR-TO-DATE GRAND TOTAL.....
With 2 month behind us, our Savings Grand Total for 2012 is $2,993.91.

We surpassed our monthly goal in Feb. so now we are only $339.43 behind for the year.

So how much did YOU save in February?  Did you spent all your income or did you put something aside?

Do you have an emergency fund of 6-8 months worth of expenses?
Do you have debt?

Start living below your means NOW and put some money away for emergencies and/or start paying down your debt.
And once you get debt-free, continue to throw that debt repayment money into savings.  You won't believe how fast you can accumulate wealth once you have no debt!

It is NEVER too early or too late to SAVE SOMETHING.
And the amount you save is NEVER too small!
Anything you can spare will go a long way to make you more financially secure in this crazy unstable world we live in.

So come along and Challenge Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal or Debt Goal!

Not everyone can shoot for $20K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  Put it into paying down your debt, put it into savings, invest it or put it toward the principle in your home mortgage....just get busy and do this!

It will help keep you accountable to your goal if other eyes are on you.
Put it out there online and let us all stalk your money too. ;-)

So how was your February financially?
Did you spend less than you made?
Did you stay within your budget or not?

Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

$32K Savings Challenge......NOVEMBER 2011 Results

Ok, here is my Savings Challenge Update post.
This post is NOT about bragging or showing off.  It's just what we are able to save given our income and being able to hang tough against so much spending.

Some day I'd like to spread all the cash I've saved out on the bed and lay on it.  This puppy has the right idea.....
  

On to the November report.....

I have posted my NOVEMBER End of Month $32K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $2,666.67.

I have to report that we finished up November in the black!
The extra cash amount we ended the month of November with?.......$3,686.66!

Income
We had $3681.89 left over from our income after our monthly expenses were deducted.
Add in $3.00 in Rebates(LOL) applied against the food expenses, $1.77 in Interest on the Checking Account toward the Savings Challenge & you get a total of $3686.66.

Our monthly target is an average of $2,666.67 to reach our Year End Goal.
This month we blew that goal out of the water! 8-)

Outgo
As for the expenses in November......

HERE are the GOOD THINGS

* The electric bill went up only $67.....that's good seeing as the heat was on!

* The food spending was almost on budget at $263.10
* The credit card bill was $1000+ BUT....almost half of that was money we spent on our mini vacation to Delaware, so we are pulling money out of what we saved in the Savings Challenge last year to pay that part of the bill.
* There were no car repair bills or taxes due this month...yay!!
* I opened my eBay Store up temporarily for the holidays to bring in a little coin, though I am not counting this income as part of the Savings Challenge because it will be spent....but it's STILL a good thing!lol

HERE are the BAD THINGS

* The water bill went up $10.
* Had $154 in unexpected medical associated bills to pay. (A dr. bill from this past summer when Daughter went and saw a dr. not in our plan so insurance won't pay any of it and #2 son lost his retainer so we had to pay for a replacement.)
*  Still a LARGE amount of cash withdrawals.  I went through Hubs receipts last month and there was no unusual spending...except he spends a lot on food and coffee during the day at work  I have nagged, pestered, whined, cajoled, bribed, offered sex all to get him to take his lunch and coffee.  Nothing convinces him.  I'm done trying.   ;-)
*  December means Christmas gift spending so the C/C bill will be high.  It's already at $500+ going into Xmas shopping season.  Add in the $200 in home improvement gift cards I put on the c/c last weekend.

The Food Budget costs for November are in another post, which is located HERE.  We kept almost to the food budget amount so I am calling this good considering the month included the big TURKEY DAY meal.

What's ahead for December.......
* There are the usual suspects: electricity, water, phone, cable, credit card bill, food cash, etc.
*  The electric bill will increase as Dec. is colder than Nov.

* Though Christmas is coming up I still plan to stay on budget with food for December.
* The credit card will be high.  With Christmas that's a given since I don't carry large amounts of cash on me when out holiday shopping.  But we don't buy more on the card than we can pay off each month.

YEAR-TO-DATE TOTAL.....
With 11 months behind us, our Savings total to-date for 2011 is $30,105.95.
We are $1,894.05 away from reaching our final goal for the year. Unless there is some catastrophe that wipes out our money in December we WILL hit our goal of $32K saved in 2011!

To add to my confidence that we will succeed is the fact that we will get THREE Paychecks in December because of when the paydays fall.  This means an extra whole paycheck in December...woot!!!  We will have enough if something bad happens to the budget and can still Live Christmas Large and tie it up with a red bow! 8-))))

So how are your savings growing so far this year?
Do you have an emergency fund of 6-8 months worth of expenses!  You really should, you know.
With the current financial climate in this country, you should try to put away into savings as much as you can each month or be throwing savings at your debt if you still have that.

So come along and Challenge Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal or Debt Goal!

Not everyone can shoot for $32K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  Put it into paying down your debt, put it into savings, invest it or put it toward the principle in your home mortgage....just get busy and do this!

It will help keep you accountable to your goal if other eyes are on you.
Put it out there online and let us all stalk your money too. ;-)

So how was your November financially?
Did you spend less than you made?
Did you stay within your budget or not?

Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

$32K Savings Challenge for 2011.....AUGUST RESULTS

Ok, here is my Savings Challenge Update post.
Yes, the one where I piss everyone off.
Seems like folks don't want to hear about what I save, besides a few blogging friends who I cherish their cheerleading and constant support....you know who you are! ;-)
This post is NOT about bragging or showing off.

It's about the results of what you can do financially if you tighten your belt, stop buying CRAP and be persistent with keeping track of where every dollar goes(well, most dollars if you have a less than motivated spouse).

On to the August report.....

I have posted my AUGUST End of Month $32K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $2,666.67.

I have to report that we finished up August in the black!
The extra cash amount we ended the month of August with.......$1,779.83.

Income
We had $1749.47 left over from our income after our monthly expenses were deducted.
Add in $28.38 of Rebates applied against the food expenses and $1.98 in Interest on the Checking Account toward the Savings Challenge for a total of $1,779.83

I didn't count my $20 Toluna payout since I am keeping it to spend on myself. ;-)

Our monthly target is an average of $2,666.67 to reach our Year End Goal.
Obviously we didn't meet that target.
But we got a lot closer than I thought we would.
August was a big "money flowing out" month here.

Outgo
As for the expenses in August....

HERE are the GOOD THINGS
* We paid the Sewage bill for the year a couple of months ago, so no quarterly payment this month.
* The water bill held steady.
* I just barely went over the food budget.
* We made $335.50 at the Stockpile/Garage Sale.  This money was used for college necessities & gas to take kids to college so I didn't have to dip into the regular income for that.

HERE are the BAD THINGS
* The credit card bill was almost $1000....and it didn't include the cost of Daughter's new laptop.
* The semi-annual car insurance bill was due.  We've got 2 teen(next year will be 3 teens)drivers on that. We already pay almost $2500 a year for car insurance so I don't want to think about having another teen driver on our plan.  Oy!
* The electric bill was up $18 from July.
* The WAM & cash withdrawals were MUCH higher than usual.  As usual Hubs won't track his spending and get receipts so I have no clue where some of that money goes....sigh.
* I had to pay $316.47 to a local college for classes Daughter took while in high school last school year.  The program that covers the tuition expense only covered half of the cost so we are on the hook for this much.  I'm not complaining about this as it was a great rate and the credits transferred to her current college so that's a few credits less she has to take at the full rate there for a degree.  As I also just got done paying out over $16,000 in August for oldest 2 kids fall semester tuition, room and board and books, the timing of receiving this bill couldn't have been worse in my mind!  We now have 2 in college so the financial trauma to my constitution is doubled each semester.
While the college charges didn't come out of our monthly income, seeing all that money fly away sure takes my breath away.
Yowza!


The Food Budget costs for August are in another post, which is located HERE.  The actual Food/Toiletries spending in August was almost on budget when rebate checks were applied toward the food bill.  "Missed it by $2.02!" ,  she said in her best Don Adams voice.
But close only counts in horseshoes and hand grenades. ;-)

What's ahead for September.......
There are the usual suspects: electricity, water, phone, cable, credit card bill, food cash, etc.

We will have more Marching Band associated expenses in September since it is Marching Band Season.
We will have the $2000 school taxes bill to pay.
The credit card will be killer this month.  It's already up to $1600(half of that is for Daughter's computer)and the billing period doesn't close until Friday.  meh.

YEAR-TO-DATE TOTAL.....
With 8 months behind us, our Savings total to-date for 2011 is $22,560.85.
We are just over $1,200 ahead of reaching our final goal at this point in the year.  If we end up having a really bad expensive month at some point in the next 4 months, this will help us to overcome it and still finish the year reaching our goal.  It's like a little "get out of jail free" card for our Challenge.  Having that little extra takes some of the pressure off me. ;-)
Plus we are due another extra paycheck in December....sweet!

So we have less than $10K to reach our goal for the year.  That means just under $2500 per month.

So how are your savings growing so far this year?
Do you have an emergency fund of 6-8 months worth of expenses!  You really should, you know.
With the current financial climate in this country, you should try to put away into savings as much as you can each month.

So come along and Challenge Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal!

Not everyone can shoot for $32K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  It will help keep you accountable to your goal if other eyes are on you.
Ooo, that sounded kind of creepy didn't it? ;-)

So how was your August financially?
Did you spend less than you made?
Did you stay within your budget or not?

Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

$32K Savings Challenge for 2011.....JULY RESULTS....Extra Paycheck Edition

I have posted my JULY End of Month $32K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals really each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $2,666.67.

I have to report that we finished up July in the black!
The extra cash amount we ended the month of July with.......$5,530.11.

Income
We had $5403.96 left over from our income after our monthly expenses were deducted.
Add in $23.97 of Rebates applied against the food expenses, $2.18 in Interest on the Checking Account and $100 from my Focus Group work and you have a deposit of $5530.11  toward the Savings Challenge!

Our monthly target is an average of $2,666.67 to reach our Year End Goal.

Outgo
As for the expenses in July....

HERE are the GOOD THINGS
* We paid the Sewage bill for the year a couple of months ago, so no quarterly payment this month.
* The electric bill was about $20 less than June's.
* The credit card bill was well under $1,000 for a change.
* Three paychecks this month!

HERE are the BAD THINGS
* While not due until August, I paid the home insurance bill in July, since the car insurance is due in August as well.
* The WAM money was much higher than usual.


The Food Budget costs for July are in another post, which is located HERE.  The actual Food/Toiletries spending in July was almost $50 under budget or $75 under when rebate checks were applied toward the food bill.

What's ahead for August.......
There will b no summer vacation this year.  While I am sad we can't get away this summer my wallet will enjoy not having to pay for the added expenses that going away requires.
There are the usual suspects: electricity, water, phone, cable, credit card bill, food cash, etc.

We will have some Marching Band associated expenses in August.
We will have the semi-annual car insurance bill to pay.
Having the whole family(plus 1 girlfriend)home for part of this month will mean higher food bills, as well as electric and water bills.
Back-to-school means some credit card charges for some dorm room stuff & supplies for our 1st time college student this year.  #2 son also will need a few school supplies that I haven't already picked up for free.
Gas spending will also be higher in August with having to transport 2 college students across the state to 2 different schools on 2 different dates. bleh.

YEAR-TO-DATE TOTAL.....
With 7 months behind us, our Savings total to-date for 2011 is $20,781.02. 
We are just over $2,000 ahead of our final goal at this point in the year.  If we end up having a really bad expensive month at some point in the next 5 months, this will help us to overcome it and still finish the year reaching our goal.  It's like a little "get out of jail free" card for our Challenge.  Having that little extra takes some of the pressure off me. ;-)

So how are your savings growing so far this year?
Do you have an emergency fund of 6-8 months worth of expenses!  You really should, you know. 
With the current financial climate in this country, you should try to put away into savings as much as you can each month.

So come along and Challenge Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal!

Not everyone can shoot for $32K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  It will help keep you accountable to your goal if other eyes are on you.
Ooo, that sounded kind of creepy didn't it? ;-)

So how was your July financially?
Did you spend less than you made?
Did you stay within your budget or not?

Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

$32K Savings Challenge for 2011.....June Totals or the Treading Water Edition

I have posted my JUNE End of Month $32K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals really each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $2,666.67.

I have to report that we finished up June in the black!
The extra cash amount we ended the month of June with.......$316.92.

Income
We had $267.96 left over from our income after our monthly expenses were deducted.
Add in $48.96 of Rebates applied against the food expenses and you have a deposit of $316.92  toward the Savings Challenge!

Our monthly target is an average of $2,666.67 to reach our Year End Goal.  Do I have to even say we came in well under that amount for June?lol
As I look back over the past 2 years of doing Savings Challenges, I see that June is typically a very expensive month for us.  In 2010 we only saved $547.73 in June.  So our pitiful savings this month are nothing out of the ordinary for us.

Outgo
As for the expenses in June....

HERE are the GOOD THINGS
* We paid the Sewage bill for the year, so no quarterly payment this month.
* The electric and credit card bills were not higher than last month.

HERE are the BAD THINGS
* The water bill was doubled from last month(we opened the pool).
* We paid cash for camp.
* The WAM money was much higher than usual.
* We had a kennel bill for boarding the dogs.
* We had an electrician bill for running a line to the pool.
* We had a washing machine repair bill.


The Food Budget costs for June are in another post, which is located HERE.  The actual Food/Toiletries spending in June was more than $147 over budget or $98 when you take off my rebate check total which I use toward the food bill.

What's ahead for July.......
There are the usual suspects: electricity, water, phone, cable, credit card bill, food cash, etc.

No non-monthly bills this month.
Plus this month will see 3 paychecks....yay! 8-)
So If I can keep the food spending on budget, we should be able to put away a good sized amount into savings this month and make up for June's lackluster showing.

YEAR-TO-DATE TOTAL.....
With 6 months behind us, our Savings total to-date for 2011 is $15,250.91.


And if you need to start putting money into savings......What's that you say?  You don't have an emergency fund of 6-8 months worth of expenses!!??....consider playing along in 2011 with me and Challenging Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal!
Not everyone can shoot for $32K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  It will help keep you accountable to your goal if other eyes are on you.
Ooo, that sounded kind of creepy didn't it? ;-)

So how was your June financially?
Did you spend less than you made?
Did you stay within your budget or not?

Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

$32K Savings Challenge for 2011.....April Totals

I present to you April of the 2011 $32K Savings Challenge!

I have posted my APRIL End of Month $32K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have 2 goals really each month.....
The 1st is to actually finish each month in the black and not the red.
The 2nd is to hit the targeted savings amount of $2,666.67.

I have to report that we finished up April in the black!
The extra cash amount we ended the month of April with.......$6500.35.

Income
We had $1823.86 left over from our income after our expenses were deducted.
Add in $62.99 of Rebates applied against the food expenses and the Tax Refund of $4613.50 you have a deposit of $6,500.35 toward the Savings Challenge!

Our monthly target is an average of $2,666.67 to reach our Year End Goal.  We came in well over that amount due to the tax refund mostly.  Since we've been short of our monthly goal for all 3 of the previous months, this month's total sure helps to boost our yearly total so far!

Outgo
As for the expenses in April....

HERE are the GOOD THINGS
*The credit card bill was just over $600.
*The electric bill went down another $73.
*We ONLY spent $244 on car repairs/maintenance.  Unfortunately, this amount is great for us. ugh
*Dr. and test copays were only $13.83 this month.

HERE are the BAD THINGS
*Hubs took out way more WAM than normal this month.
*The real estate taxes were due this month(municipal and county).
*We had a vet visit for the beagle with the bad back.  She cost $77 for that one visit.
*We had a dental payment of $82.

Mostly the cash withdrawals and the annual taxes paid this month were the worst "bad things".


The Food Budget costs for April are in another post, which is located HERE.  The actual Food/Toiletries spending in April was more than $140 under budget.

What's ahead for May.......
Unless something comes up(and doesn't it always seem to!lol), it's just the usual suspects this month--electric, water, phone, cable, food, prescriptions, dr. visits, etc.
We do have the yearly dogs' vet visit this month but it shouldn't be as bad as it has been in the past because we are down to 2 dogs now and we kept them on heartworm meds all year so there won't be any re-testing fees for that this year.

So If I can keep the food spending on budget(in the face of having all 3 teens home in May), we should be able to put away a good sized amount into savings this month.

YEAR-TO-DATE TOTAL.....
With 4 months behind us, our Savings total to-date for 2011 is $11,636.88.
We finally are ahead of schedule with the Savings goal for the year!
Before April's addition we were running about half of what we need to save to this point, to meet our goal for the year.

And if you need to start putting money into savings......What's that you say?  You don't have an emergency fund of 6-8 months worth of expenses!!??....consider playing along in 2011 with me and Challenging Yourself to Save Money each Month Toward a Realistic for YOU Savings Goal!
Not everyone can shoot for $32K, I fully get that!
But everyone can shoot for some number, right!?

Find a money goal that works for you and put that number out there for everyone to see.  It will help keep you accountable to your goal if other eyes are on you.
Ooo, that sounded kind of creepy didn't it? ;-)

So how was your April financially?  Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!

Sluggy

What I Did to Save Money Yesterday

* I ran my errands in a big loop, saving gas.  Have you seen the price of gas lately??!!

* I filled my car's tank while I was out, as prices are expected to keep going up.  We have 2 gas stations within spitting distance of each other.  The one on the northbound side of the road has $3.47 per gal. gas.  The one on the southbound side of the road has $3.55 per gal. gas.  The cheaper gas was on my side of the road heading out to do errands, so I filled up as I passed it.  No point in doubling back on the way home to get the cheaper gas.

* I hit the $ Store.

I got some junk foods to send in #1 son's college care package, but I did find some real food too....Lasagna noodles, Sweet Potato Fries and Scrapple.  I don't buy processed french fries usually as buying a bag of potatoes is much more cost effective.  But for what sweet potatoes would cost me at the grocery store per lb. in a 'raw' state, I couldn't make them into fries cheaper.  Lasagna noodles at the grocery store are never $1 a box here, since they are never included in any dried pasta sales.  The Dollar Store also had a few other good food deals....frozen fruit, as well as ravioli and pierogies.  I was tempted by the Hunt's 'No HFCS' Ketchup but I have quite a supply of Ketchup already so I passed on that one.
The local $ Stores stock these Airwick brand solid air fresheners.  I don't usually buy air fresheners(unless I get them for free from Rite-Aid and then I sell or give them away).  I do buy the pet odor ones in the warm months to use near the dog crates since they can get smelly.  But these LILAC scented ones were irresistible....oh, they smell sooooo good!  Lilac makes me think of Spring and I am so ready to think Spring. ;-)
Anyway, I spent $9.12 w/tax.

*Then I hit the bread outlet.

I haven't been in about 4 weeks and we were down to our last few slices of bread.  I chose a very good day to go since they had alot of items on the discounted racks for $1 or .89¢.  I spent $14.23 for $70.04 worth of bread/bakery products.  I got an assortment of bread, bagels, rolls as well as some danish and doughnuts. This should last us about 3 weeks or so.  I store them in the frigid garage(almost as good as in the freezer)so they will keep 3 weeks or longer.  What doesn't get used by then will go into the freezer.

* I made my own Sloppy Joe Sauce for dinner.  I could have used a can of sauce(I have 1 or 2 left that cost me $1 a can) but wanted something less sugary.  I find the canned stuff is too sweet for me so I've taken to concocting my own so I can control what goes into it.  There are tons of different recipes out there you can use as a guide to making your own.  None of them are difficult...most just are a matter of dumping ingredients in a pan and heating it up.  I use some tomato paste, tomato sauce, a touch of vinegar, a dash of garlic powder and if I want some sweetness I'll squirt a bit of ketchup into it or add a little hunk of brown sugar.  I dice some onions and fry that up with the ground beef as well.  If I have some peppers, I'll add that if I feel like it.  The point is that it takes very little effort and even less money to combine a few things in your pantry to make your own sauce.  Heck, you can even use BBQ sauce as the base if you have an old bottle of it malingering on your shelves.  Why spend for a new can of Sloppy Joe Sauce when you have everything you need to throw together your own custom blended sauce.  I won't be buying Sloppy Joe Sauce again since it's not a multi-tasking product, unless some deal comes along and the store wants to pay me to take a case of it home. lol

* My Netflix DVD arrived.  I watched that, as well as another movie instead of renting 2 movies at $1 a piece or instead of going to the cinema and plunking down $6 per movie for a couple of matinees.  4 hours of entertainment on the cheap.

* Worked on my Meal Plan for the week.  Yes, I am very late getting it finished.  We've had Spaghetti w/Meatballs and Garden Salad, Subway sandwiches on a crazy schedule night and Sloppy Joes w/Corn so far. 
Tonight is Fish, Sweet Potato Fries and Spinach Salad.
Thursday is Corned Beef, Cabbage and Potatoes. 
Friday is homemade Pizza w/Pepperoni, Onions and Peppers.(Plus Olives on my pieces.)
Saturday is Chicken & Broccoli Casserole.

* I washed a full load of laundry in my HE washer, using 1 tablespoon of detergent I got for free at Acme in Aug. 2009 and 8 squirts of Spray n' Wash.  I hung the clothes to dry on racks in the upstairs hallway. 

*As it was a bright sunny day, I opened the drapes on the southern facing side of the house to let in sunshine/warmth and closed them after the sun moved to the other side of the house.  With the nice sunlight I kept all lighting off during the day except for the task light on my computer desk when I was working at my desk. 

What did you do to save money?

Sluggy

$30K Savings Challenge OCTOBER 2010 Totals.....

I have posted my OCTOBER End of Month $30K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have to report that we finished up October in the black....with another healthy addition!

The extra cash amount we ended the month of October with was.......$3,326.27.

Income
We had $3,253.45 left over of DH's salary after expenses were deducted. Add in $72.82 of Rebates applied to the food expenses and you have a deposit of $3,326.27 toward the Savings Challenge!

Seeing as our monthly target is $2,500.00 to reach our Year End Goal, this month will go a long way to keep us ahead of schedule.  Keep in mind that we are able to save so much of our income because of 2 things--we have low living expenses(no mortgage payment)and we are not in a personal debt hole with monthly payments sucking up any money we have leftover after paying bills.  Once you pay off your house you free up a big chunk of money each month to put other places in your life.  The average monthly mortgage payment in the US is $1,500.  Over the course of a year, that's $18,000 you are paying out and alot of that is interest on your loan.   Getting a mortgage does take monetary sacrifice and it's not fun, but when you get that house loan paid off, your financial life gets so much better! ;-)

Outgo
As for the expenses in October.....it was pretty much a 'normal bills' type month.  Since the vacation money came out of the Savings Challenge 2009 monies set aside and not from the monthly income, we had just a few unusual/non-repeating bills....a college application fee for Daughter, a charity cash donation, a couple of prescriptions refill copays and my driver's license renewal fee.  The credit card bill other than the trip costs put on it was under $800.  Generally we put gas and eating out on the credit card, along with miscellaneous costs, like house repair or kid shoe/clothing purchases. 

The Food Budget costs for October are in another post, which is located HERE.  The actual Food/Toiletries spending in October was way over budget, proving that even if you are frugal or try your hardest to be, sometimes you can/will bust things wide open anyway.lol

Looking Ahead to November....

Wow....I can't believe we are already into November!
Looking at last November as a guideline, I see no out-of-the-ordinary expenses.
It's just the usual monthlies plus some small Marching Band related expenses.  The credit card bill so far is looking lowish(it closes for this upcoming statement this week)which is always a good thing.  3 items will be costing us more this month....The gas expenses will be going up this month as Hubs is taking Daughter to visit one of the 3 schools that has accepted her for next fall, so there is a road trip in our future.    The electric bill will be increasing in Nov. due to the cold weather setting in. Finally, one of the dogs is having a flare up of her chronic back problem now so we'll have some vet bills in November.  But none of these things looks like it will wreck havoc with the budget thankfully.

YTD Standings....
We have a Year To Date Total of $26,247.63 in Savings.  To save $30K for the year, we need to put away $2,500 per month average, at this point in the year we need to have $22,500 saved.  Currently, we are only $3,752.37 from the yearly goal!  Unless something catastrophic happens, we will reach $30K.  That makes me pretty darn excited....8-))

So how was your October financially?  Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!


Sluggy

October Budget Results.....Food and Toiletries Spending

Here are my FOOD BUDGET spending totals for OCTOBER 2010.
I have posted October's totals on the right side bar under Total Grocery Savings for 2010.

I am listing subtotals for each store I purchased from in October.  If you aren't interested in that much detail, just skip to the bottom Totals information.

These Totals include Food, Toiletries/HBA, Pet Supplies, Cleaning Products, Paper Goods & tax where applicable.We are a family of 5(4 at home this month)& 2 dogs. No kids under 14.

BAKERY OUTLET
OOP $11.89
Value $64.66

Savings  81.61%

BIG LOTS
OOP  $33.46
Value  $57.00
Savings  41.30%

CARONE'S(small local independent store)
OOP  $75.47

Qs/Ads  $51.91

Value  $124.42

Savings  39.35%

FAMILY DOLLAR
OOP  $10.00
Value  $19.00
Savings  47.40%

FARMSTAND
OOP  $32.70
Value  $84.60
Savings  61.35%

FOOD LION
OOP  $16.88
Qs/Ads  $11.07
Value   $27.95
Savings  39.60%

PRICE CHOPPER(Northeast)

OOP  $77.85

Qs/Ads  $207.06

Value    $284.91

Savings  72.68%

REDNER'S

OOP  $83.92
Qs/Ads  $115.20

Value  $199.12

Savings  57.86%

RITE AID
OOP $9.30 after cash refunds(whole amount put on Rite-Aid Gift Cards)=$.00 actual OOP
Qs/Ads  $1,094.06

Value  $1,103.36

Savings  99.16% before gift cards/ 100% savings after free gift cards

SAV-ALOT
OOP  $25.97
Qs/Ads  $20.29
Value  $46.26
Savings  43.86%

TURKEY HILL MINIMART
OOP   $2.96
Value  $2.96
Savings  0%

WEIS (local chain Grocery store that doesn't take IP Qs in my town)
OOP  $31.60

Qs/Ads  $10.65

Value  $42.25

Savings   35.21%


I don't track CVS's ECBs & Walgreen's RRs. They will be included when used on purchases under "Coupons".   I'll keep track of what rebates are received monthly.  Rebate money/gift cards will be considered 'income' & will go into the Food/Toiletries budget, offsetting the Out of Pocket. Cash will go immediately into the Budget kitty, while Gift Cards will be calculated in when spent.

REBATE CHECKS RECV'D. IN SEPTEMBER
Home Depot/Behr Paint Rebate....$20.00

P&G/Back-to-School Olay Rebate....$10.00
Pinecone Research....$6.00
Rite-Aid SCR....$30.99
Visine Maximum Redness TMF Rebate...$5.83
Subtotal........$72.82

GIFT CARDS and CERTIFICATES

Rite-Aid Oral Care.....$10.00
Rite-Aid Kimberly/Clark....$10.00
Staples (Giveaway win)...$25.00
Subtotal....$45.00

TOTAL Value of Cash/Store Checks/Gift Card Rebates Received...$117.82

COUPONS and FREEBIES
Advil.....Free Item Q
Cottonelle Wipes....Free Item Q
Greeting Cards(Giveaway win)...50 Free Cards
Kleenex.....Free Box
Pringles Chips.....Free Item Q x 2


My best 3 Store Savings Totals were from Rite-Aid at 100%, The Bakery Outlet at 81.61% and Price Chopper at 72.68%.

TOTAL Out of Pocket...............................$402.70

TOTAL Coupons & Store Sales Savings...$1,653.79

TOTAL Value of Items Purchased.............$2,056.49

TOTAL Savings of..........80.42%

TOTAL of CASH Rebates........................$72.82

TOTAL OOP After  Rebates....................$329.88
TOTAL Savings of..................................84%

This closes out the October spending.

THOUGHTS & COMMENTS for this month-

I went waaaaay over on the budgeted $250 amount for the month, even after you add on the rebates received to offset the spending total.  Just so many good Catalina deals so I stocked up(think bacon).  It's nice to have 'wiggle room' in your monthly spending to take advantage of sales when they come around, without having to worry about being able to meet all your other bills.  Being frugal in other areas and living well below your monthly income gives you that freedom.

What's ahead for November 2010.....

Seeing as the freezer is stocked to the gills at the moment, we'll be eating down on the frozen items here this month.  Beyond onions, pumpkin, apples and peppers I didn't get to the farm early in October for more veggies to preserve and now it's too late.  Oh well....

I am keeping the November food budget at $250.  Though we won't need to spend the full budget amount, I will still pick up non-perishables if deals present themselves in November.  While we are good on flour and nuts, sugar is low so I'm looking for those baking sales to start.  I also might pick up items on sale now from the store that is running the gift certificate deal if you spend X amount by Nov. 14th.  Presently we are only 1/3 of the way to the $300 amount we need to get the certificate.  All other things being even(price this month or in Dec.)I'll buy it in Nov. to qualify toward the cert. instead of buying it in Dec.

As always, any rebates received in November will be added to the food budget to offset what we spend.

With ten months of the year behind us, we have averaged $194.27 per MONTH after rebates on food/toiletries spending for 2010 for a family of 4-5 adults/teens + 2-3 pets.

How did you do in October with your Food Budget?  Leave a comment or link to your post and let us hear!  By sharing our struggles and efforts we can help each other stick to our budgets and learn to be better guardians of our resources.

Sluggy

$30K Savings Challenge SEPTEMBER 2010 Totals.....Not as Good but Still Saving this Month

I have posted my SEPTEMBER End of Month $30K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have to report that we finished up September in the black....with an addition to the total!

The extra cash we were able to save in September was.......$1,165.79.

Income
We had $1,036.29 left over of DH's salary after expenses were deducted. Add in $129.50 of Rebates applied to the food expenses and you have a deposit of $1,165.79 toward the Savings Challenge!

Seeing as our monthly target is $2,500.00 to reach our Year End Goal, this month was less than half of what we need each month to stay on track.

Outgo
As for the expenses in September....we had a rather large Vet bill this month(due to our doggie that passed away earlier this month)and we had School Taxes due(our property taxes are divided up into school taxes and local/municipal taxes).  Add in the usual bills plus a fairly large credit card bill(which is paid off every month)and we didn't have as much leftover to put aside this month.  But having a couple of months where we had lower expenses let us save extra before now so we aren't losing any ground in Sept.

The Food Budget costs for September are in another post, which is located HERE.  The actual Food/Toiletries spending in September was over my $250 target but the rebates we received in September helped to cover that excess amount spent and lowered the OOP to $137.67.

Looking Ahead to October....

Looking at last October as a guideline, there is only the quarterly garbage bill coming due.  In fact, we have NO unusual non-monthly bills except this one for the remainder of the year!

Plus there is one of those 2 extra bi-weekly paychecks coming before the year is out.
Now if we can just keep some restraint with the money during the Holidays and not go hog wild with the eating out & the "Gift Bacchanalia" that this Season encourages, we'll be doing well.

On the other hand, October will see the beginning of Heating Season here however, so our electric bill will be going up. 8-(


YTD Standings....
We have a Year To Date Total of $24,087.15 in Savings.  To save $30K for the year, we need to put away $2,500 per month average, at this point in the year we need to have $22,500 saved.  Currently, we have $5,912.85 to go with just 3 months left in the year.  I can't wait to get to that financial finish line!

So how was your September financially?  Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!


Sluggy

$30K Savings Challenge JULY 2010 Totals.....Xtra Paycheck Time!

I have posted my JULY End of Month $30K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have to report that we finished up July in the black....with a healthy addition!

The extra cash amount we ended the month of June with was.......$3,161.44.

Income
We had $3,066.46 left over of DH's salary after expenses were deducted. Add in $94.98 of Rebates applied to the food expenses and you have a deposit of $3,161.44 toward the Savings Challenge!

Seeing as our monthly target is $2,500.00 to reach our Year End Goal, this month will go a long way to keep us ahead of schedule.

Outgo
As for the expenses in July.....it was our most expensive month so far this year!

While this month saw the water bill drop to almost half and a nice decrease in the electric bill there were many 'out of the ordinary/non-repeating' bills this month.

Out-of-the-ordinary expenses in July...
Yet another car repair at $277.30.
A deposit for camp for next year for $50.00.
Dog licenses were due at $18.00.
That June Food Stamp Challange Food Bank donation for $100.00.
House insurance at $609.00.
And the whopper.....car insurance semi-annual payment of $1,482.63.
UGH!
That's $2,536.93 in out of the ordinary expenses.

The credit card bill(paid off each month)was $624.36, which was less than half of the previous month's total.

Even though July was a bad month for bills and spending, the thing that salvaged our goal this month was that extra paycheck that came this month.  If you gets paid on a biweekly basis, you know all about those 2 extra paychecks a year that sneak into 2 of your pay months.  This year for us it's July and December.  Did I mention that I love July and December?lol

The Food Budget costs for July are in another post, which is located HERE.  Food/Toiletries spending in July was .94¢  under the budgeted $200.00 amount and our Savings percentage was 80.45% which is right about average for us this year so far.

Looking Ahead to August....
Well the first week of August wasn't very frugal as we were on vacation.lol
Most of the costs for the trip were budgeted for & taken out of monies we saved in last year's Savings Challenge.  No funds were taken out of this year's income to pay for this trip.  And for heaven's sake, we didn't take out a loan or use a credit card to finance this trip....but of course, you probably figure that already.  ;-)
There were some items I bought while on vacation that will come out of the food budget for August.  I'll explain fully in a later post.

August is college tuition time but that comes out of the college money account we have funded over the years.
It's still a heart stopper of a bill, even if you have the funds set aside to pay it....

Looking at last August as a guideline, I don't see any unusual or reoccurring large bills coming due this month.   We will have a large credit card bill to pay fully in August(from charges for the vacation trip)but that has been budgeted for & that part of the bill will be funded from sources besides the monthly income.  The only unusual charges will be for any of the various repairs/upgrades we need to do on the home and possibly for the purchase of a new freezer.

But I am determined to get through August frugally and meet our monthly goal of $2,500 saved this month.
It's going to be a challenge this month so cross your fingers I meet that goal!

YTD Standings....
We have a Year To Date Total of $19,782.91 in Savings.  To save $30K for the year, we need to put away $2,500 per month average, at this point in the year we need to have $17,500 saved. With the extra paycheck in July we are looking good for meeting our Savings Challenge for the year!

So how was your July financially?  Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!


Sluggy

$30K Savings Challenge JUNE 2010 Totals.....Treading Water this Month!

I have posted my JUNE End of Month $30K $AVING$ CHALLENGE Totals.
Check out the side bar to your right for the specific numbers.

I have to report that we finished up June in the black....just BARELY!

The extra cash amount we ended the month of June with was.......$547.73.

Income
We had $260.53 left over of DH's salary after expenses were deducted. Add in some rolled coins amounting to $10.50, $44.00 in Rebates &, along with a $276.70 business expense voucher for Hubs and you have a deposit of $547.73 toward the Savings Challenge!

Seeing as our monthly target is $2,500.00 to reach our Year End Goal, we are waaaaay short again this month.

Outgo
As for the expenses in June.....it was our most expensive month so far this year!

The water bill almost doubled(extra showers/laundry/dishes for extra people here + the pool) and the electric bill went up about $12(extra hot June=a/c on a few days).

 The credit card bill(paid off each month)was over $1700. 
$750 of that was a car repair & car related expenses(besides gas). 
$200 of the $1700 was pool chemicals & $120 for assorted teens' clothing needs. 
$70 went for Hubs internet chess club dues.  
The rest was gas and some eating out charges and was within our normal range of expenses.

Out-of-the-ordinary expenses in June besides the CC Bill ones.....
There were people Dr. visits and follow-up dog Dr. visits for assorted people and dogs here, respectively.
There was another car repair to the tune of $775+. 
And then there was the camp payment for #2 son....2 weeks of fun doesn't come cheap at $945.
So basically we had $2600+/- in out-of-the-ordinary expenses this month.


The Food Budget costs for June are in another post, which is located HERE.  Food/Toiletries spending in June was $77.26 under the budgeted $250.00 amount and our Savings percentage was 89.30% which is awesome.

Looking Ahead to July....
I'll only be feeding 3 people for most of this month & the garden should start producing, so I am hoping for lower food spending.
The Credit Card bill is at $400 for the next statement period with 9 days left until it closes.  I'm hoping we can keep it around $500 and only put some gas purchases on it.
We'll try to lower the electric usage.  I don't have high hopes for containing the water costs since the pool is in operation.

I am determined to get through July frugally(barely some financial emergency)with only 1 child at home and to meet our monthly goal of $2,500 saved this month.

YTD Standings....
We have a Year To Date Total of $16,621.47 in Savings.  To save $30K for the year, we need to put away $2,500 per month average.  With our expensive June, we are now just barely ahead of schedule at this point in the year.

So how was your June financially?  Leave a comment and share with us what you did with your money, both the good and not-so good.   Do you have any tricks or tips that help you to end your month before the money runs out?    Let us know!
If you posted your financial progress on your own blog, leave a link in the comments so we can go check you out too!


Sluggy