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June 15th, 2013 at 05:14 am

I'm happy to say that by June 30th, we will have the $8745.00 needed to buy back the service years for my hubby's pension. This mean that we will not have to tap into our emergency fund for the buy back. The bad news is that this leaves us with $1,700.00 to cover expenses for the summer until unemployment benefits kicks in. I really don't like to count on money we do not have in our hands, but I'm hopeful. We stopped using credit cards, except the sapphire chase for basic necessities, which I will pay back at the end of each month. We chose this card because I get $400 cash rewards if we spend $3000 in three months. I think we have $1,000.00 (all paid back already)and in August I will charge DS#2 community college tuition pushing us to the $3K. I think it may be manageable since we do not have to pay mortgage nor auto insurance. My ultimate goal is to keep our $20K emergency fund intact this summer.

Next Saturday, I leave to France for ten days to chaperone a group of students with some of my coworkers. So far this trip has cost me $388 (tips, insurance, passport and airport transportation). My DS#1 offered to purchase a much needed suitcase. I still have to go to the bank and covert $200 to Euros. The rest of my trip money will be charged to the Sapphire Chase credit card because it does not charge for exchange rates. This trip includes two meals per day and tours. I'm really excited!

Well, this is it for today. I hope you have a nice and frugal weekend.

5 Responses to “Update”

  1. creditcardfree Says:

    Great job getting that cash together for the buy back! You are making it work.

  2. MonkeyMama Says:

    Great job!!

  3. PNW Mom Says:

    I am glad you were able to make it work!

  4. snafu Says:

    Have a terrific trip and enjoy every second. Is there a charge for checked luggage? I hope you'll consider travelling with only a carry-on roller suitcase and perhaps backpack with handbag/tote folded inside which are easier to manage and efficient.

    I suggest checking with CJ, My English Castle etc. as best methods of exchange USD to Euro. In SE Asia is very cost efficient to use ATM machines available even in airport at arrival. Check with your bank to ascertain whether they add charges to exchange. With USD strong and Euro weak it won't be so painful but costs in France are shocking.

    Does DH get help with his job search? How can his skill sets and experience be applied to a wide search? What is typical wait between applying for benefit, approval and 1st check? Will he have vacation pay as an unemployment deduction or wait time added? During this uncertain time, it helps to track all spending in a small notebook to limit leakage...a dollar here, a few dollars there.

    I'm confident that you've planned well and it will all work out for the best.

  5. rob62521 Says:

    Excellent on coming up with the money for the pension. Have a great trip to France!

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