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Archive for July, 2014

Another update

July 30th, 2014 at 08:53 am

Today is payday for both hubby and I. Today is also the last of the extended summer program. My net pay was $1768.00 for six weeks worth of work, but I spent about $200 of it in gas. During the school year, of course, my pay is much higher so the gas consumption is justifiable. It was easy work but getting up in the morning was a big drag. I'll have to see for next year.

I returned $500 of the $5K I borrowed from savings to pay quarterly property taxes and DS#2 Fall tuition. I already have it set up to where I will replace the money before Christmas. An additional $1K went to savings. Next month saving money will have to be limited because I won't be working.

The 25th Wedding Anniversary Fund is almost at $3K. I printed the menu of the venue we would like to have the party and see what we can do with it. We really need to reserve the date. I have to say I am really excited about this.

Have a great day!

I love Swagbucks

July 25th, 2014 at 03:58 pm

I've not used the Swagbucks website in quite sometime but I still manage to earn tons of swagbucks using the Swagbucks credit card for most of my purchases. Last night, I made a purchase totaling $42 for an out-of-pocket expense of $1.61. It surely helps to get household items that need replacement after many years of use.

Today, I paid my DS#2 fall college tuition ($2,601)for 17 credits and our quarterly property taxes ($2,293) as well as the sewer bill ($67). I transferred the money from our savings but all of it will be replaced by the end of August.

Have a great and frugal weekend!

A quick update

July 24th, 2014 at 11:30 am

The lead teacher of the group I am working with for the ESY (extended school year)casually made a comment to me this morning about how she doesn't know how I make monthly payments on the BMW. I was tempted to say that I don't, but I learned the hard way to keep my "financial ways" to myself because my "way" is not always well received and I might open myself to rude comments. It's difficult for some people to understand that it takes sacrifices and time to get to where we are today.

Anyway, I just received the monthly bill for the furniture so I will transfer the money to pay off the bill in full. This transaction will end our consumer debt completely including the house. The next step is to resume saving and get ready for DS#2 Spring semester tuition payments which will be more than twice of what we are paying now for a community college. We are hoping to be able to fund DS#2 college education the same way we did for DS#1.

Step 7 on DR's plan

July 18th, 2014 at 05:00 pm

I don't follow Dave Ramsey's plan word for word but I do have to give him credit for our desire to live differently. Although we had to cut our retirement contributions drastically when hubby was unemployed, I've already set up Roth IRA automatic deductions starting September as well as 403B. Both funds (combined) will receive 15% our our gross income. Having said that, all Dave Ramsey's Steps have been fulfilled except for Step 7. We are cash flowing our sons' college education with one down already and the other almost half way through. We have enough savings to cover a year's worth of expenses after paying the last two debts (the car and furniture). Car loan payoff check has been cashed by the way!


Daily frugal things

July 18th, 2014 at 11:43 am

Frugal things I did to save money:

1. Came home and made lunch

2. Used the library to rent three movies for the weekend.

3. Making homemade Buffalo Chicken pizza

4. Combined two trips to save money on gas

What frugal thing did you do today?

Minimum wages to cover expenses?

July 14th, 2014 at 06:00 pm

As of January 2014, the minimum wage in New Jersey is $8.25. One of my unwritten financial goals is to be able to support ourselves on two minimum wage salaries if ever necessary. It is a bare bones budget with a couple of hundred dollars to cover any unexpected expenses.

I am glad and blessed that we are in a good place financially.

Today's savings

July 14th, 2014 at 10:40 am

DS#2 has to read a novel for a summer course he is taking. Usually, we download it to my Nook costing about $9.99. Last night, I decided to search our local libraries online to see which library had it. Luckily a neighboring town library had it and so happens to be on my way home. So in a nutshell a quick search and a five minute library stop saved me $10. Woot woot!! We also resisted the urge to buy lunch.



Recalculating monthly expenses

July 13th, 2014 at 05:17 am

Can you believe that our property taxes is the highest monthly bill followed by car insurance? Well now that the car is paid in full and the furniture will soon be, I can pretty much cover our monthly expenses with one of my biweekly paychecks. If we are careful and stick to the budget, we can save my other paycheck and both of hubby's paycheck and also live it up a bit. This comes at a good time because we will paying a heck of a lot higher college tuition for DS#2 come the Spring semester. We'll save room and board because he will be commuting and he will continue to work part-time to cover gas, data plan for iphone and personal expenses.

Car paid in full!

July 12th, 2014 at 05:56 am

I just exchanged a hefty check for a clear ownership title with BMW Financial Services. It's funny, usually when I write a check for such a huge sum of money, my stomach turns or I sweat bullets, but this time I felt good about it. Now, I am waiting for the next furniture bill and I will pay it in full and that's it! No more debts for us, just our monthly bills.

During the summer, I try to purge unwanted items (things that have been sitting around for years). I will work on the basement today for a few hours. I'm on a minimalist kick and watching Hoarders on TV helps me get rid of as much as possible. I hate to be judgmental and I know people who hoard have a psychological problem but I just cannot imagine anyone living that way. YIKES!!!

Anyway, have a great frugal weekend.

Hopefully debt-free...

July 10th, 2014 at 11:54 am

by the end of this week. We are paying off the BMW and the furniture. It doesn't make sense to continue to pay interest when we have the money available to pay off these debts. We still have a healthy emergency fund and we will pretend to still have to make the payments and pay ourselves back. When we pay off these debts we will be completely debt-free including the house. I can't wait to feel liberated once again.

Textbooks sold and some updates

July 7th, 2014 at 08:51 am

I sold five books for a total of $30. Not a lot of money, but better than collecting dust at home. This money will go to our Anniversary party.

On another note, we decided that we will begin doing some house projects that have been long overdue. Yes, I still have a late 80s YELLOW half bath. We will be redoing the laundry room, the half bath and replacing the garage door. We'll be using our savings to fund the remodel and we hope not to exceed $10K for these projects. Next summer, we plan on remodeling the two other bathrooms and bedroom rugs.

I'm glad I also decided to work this summer. I'm using the money to pay half of DS#2 college tuition and purchase household items that need replacement. This weekend, I purchased a new comforter for our bed and even though it was a tad on the expensive side, I'm quite happy with it.