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Pay Day

September 6th, 2019 at 02:25 am

Well today was pay day, all bills are paid. That includes $70 for internet; $50 on the plot I am purchasing next to dad; $196 tithes; and a savings of $944, about 48% of my income, not bad. The savings amount actually include October’s mortgage payment, so in reality it’s actually about 16% of my income.

The only items pending payments are the car 🚗 insurance, and student loans, both are scheduled for autopay next week.

Looking at how much I’m able to sock away in a percentage gives me motivation. I realize that the bulk of my income goes towards debt and by paying these suckers off I can increase my savings. It’s been a journey, with a little set back but I’m back on track.

I’ve been monitoring my electric bill, not sure why it’s going up since I always turn the air off when I leave for work, and at night before bed. I’m budgeting for a few energy efficient light bulbs 💡, hopefully this will help. I also want a few smart plugs for the tv. Now that I think about it, I need to unplug 🔌 a few things that I’m not using. I’ll start air drying a few items vs the using the dryer as well.

6 Responses to “Pay Day”

  1. creditcardfree Says:

    I found that our air conditioner was the biggest cost for our electric bill. Do you change your filter regularly? Has it been maintenanced in the last year or two? The other little things to add up, but they don't make the most impact as the air conditioning or heat.

  2. crazyliblady Says:

    How old is your A/C? If it is old and has trouble keeping up, that can contribute to your higher electric bill? We replaced our 40 something year old unit several years ago and it made a significant difference. Also, nearly every fixture in our house has LED bulbs. They use even less electricity than CFLs.

  3. Lucky Robin Says:

    Do you unplug your TV and turn off your computer when not in use? Those can have a good pull even when not on. The dryer is a big culprit. I unplug anything with a light when not in use, including the microwave. There are phantom loads when you leave stuff plugged in that has a light.

  4. FrugalTexan75 Says:

    Our electric bill has doubled in the last year. (more than doubled, actually) I wish I knew what was causing it - haven't done anything differently (at least I haven't ...) The only thing DH has been able to think of is the dehumidifier being on more. We're talking about getting a more modern one ... (think 25+ year old appliance.)

  5. Amber Says:

    Thanks everyone, I’m going to change out the filter and unplug things with a light (e.g. old cable boxes, shredder)

  6. crazyliblady Says:

    @frugaltexan. The dehumidifier being on heats up your house, so that could cause your A/C to have to be on more.

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