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Archive for March, 2016

Bare bones bugdet

March 23rd, 2016 at 04:57 am

This morning I figured out what our bare bones budget should be just in case Murphy strikes. We will need $2,100.00 every month to weather any storm. When I say bare bones I mean cut out any non essentials (no cable, no cell phone, no entertainment, etc.)

Have you figured out what your bare bones budget should be and if so, would share the amount?

Updates

March 18th, 2016 at 08:50 pm

Hi Fellow Bloggers, I'm feeling much better today. Tomorrow we are hosting family after a memorial mass for my mother-in-law. It's been nearly two years since she's been gone.I'm preparing the food and I decided to replicate some dishes my MIL used to make for special occasions. I think in all the ingredients I need will cost less than $20 since I have the bulk of it at hand.

I decided to put all of our small debts and car loan into one lump sum and pay it within 24 months. I know I'll be able to this while continuing to hoard money into savings. Hubby pretty much has the confidence in me to do what's best for our finances. I will soon create a thicker to document the progress and eventually mark the payoff. I'm also considering getting rid of some credit cards and keeping the AMEX and the United Airlines Visa credit card. It's getting too difficult to juggle and keep track of all the credit cards we have.

This summer, I decided to do research on my Dad's paternal side of the family. My grandfather passed away when my Dad was 8 years old and my "American" side it's pretty much a blur for all of us. My grandfather was an American soldier stationed in a US territory in the Caribbean. I'm blowing some my summer fun money on getting a subscription to Ancestry.com and I'm thinking of getting the Ethnicity DNA on the same site (maybe I'll ask for it as a Mother's Day gift). I know some of my paternal grandmother's family is from the Canary Islands. Oh boy...lots to find out.

Well, that's all of the updates I have for you. I hope you all have a great and frugal weekend. I'm leaving on vacation next week. Smile

Under the weather/Savings

March 16th, 2016 at 04:07 pm

Came home sick from work and I am staying home tomorrow to get some rest. Yesterday was pay day and this month has been a really good month for saving. I swept $220 left over in the checking account in addition to the biweekly allotted amount for savings. I also deposited the federal tax refund. I'm feeling much excitement about reaching the savings goal. I also made a $200 contribution to my Roth IRA and a $100 deposit to the summer fun money account. Next Friday, we leave on vacation for a week. Hopefully I will feel better by then.

Feds rufund

March 7th, 2016 at 09:19 am

We received our Federal income tax refund early this morning. It went straight to the Emergency fund. We are finally a little over $40K. I can't wait to colored in the $50K in my saving's goal thermometer (it is a visual I created to keep me motivated). It's funny and what sets savers apart from spenders. Some of my friends can't wait to get their refunds to go on vacation or buy things. Ours goes to the savings account.

This coming weekend we are going to try our hands at Geocashing. I downloaded the free app and there are quite a lot of them in our area. I was even surprised to see that there are tons of them in the area we will be vacationing at the end of the month. I figured it is an inexpensive way to have fun.

I hope you are having a great work week.

More $$

March 1st, 2016 at 05:42 pm

I was surprised to see a deposit from the State of New Jersey for $614 when I checked our account this morning. We did not filed electronically this year so I was expecting a check rather than a direct deposit. I immediately transferred the money to the Emergency Fund. We are waiting on the federal refund; we will add it to the EF as soon as we get it.