Pay day was today and this is what happened
* Saved over half of September mortgage payment
* Reduced CC10 by only $15
* Added to my retirement savings
* Added funds to the sinking funds
* Set funds aside for auto pay bills (e.g. water, car insurance, cellphone)
* Paid half of the astronomical cable bill that is due on 8/17 🙄, and
* Paid tithes
Most of this check went towards saving, and I’m happy with that. I’m anticipating a reduction in my electric bill with the SO gone but not so much with the water, since I’ve been pressure cleaning.
I noticed I won’t be saving much with SO gone on the cable as I thought. Why? Well when we split the bill it was $85-89 per month, now with just the internet it is $70. So my savings is really, approximately $200 a year 🤦🏽♀️🙄. I’ve got to look for cheaper, internet service.
Lastly I’m going back to meal prepping
Viewing the 'Budget' Category
Pay day was today and this is what happened
Now that the SO is gone, I wasted no time and canceled the cable 📺 . I’ve already had been billed for August, and according to them, the account had to be closed at end of billing cycle. Honestly I didn’t feel like arguing, I’d been on hold for over a hour so I said okay.
We use to pay about $200 a month, that’s $2400 a year and $1200 a piece a year, ridiculous. Honestly I only watched A&E, MSNBC and once in a while Hallmark, all in all it’s not worth it. He would never cancel, and I always felt forced to pay for something I didn’t want.
I’ll admit I was nervous about canceling but thought, this is ridiculous. Amazon Prime is $120 for a year, and I’m spending $1200. Crazy. I did keep the internet which is also expensive. I’m thinking about getting a MetroPCS phone, with unlimited data, and free WiFi for about $30 a month vs paying the $70 I’m paying now.
I just realized that with Fetch I have $50 in gift cards, I can use this towards my Amazon purchase.
Below were a list of things I needed to do today, I actually added three additional items
Today’s things to do
1. Balance checking/saving accounts🏦 ✅
2. Review last month’s spending ✅
3. Review this month’s spending
4. Update cash 💰 envelopes ✉️ ✅
5. Pressure clean patio ✅
6. Make throw pillows
7. Grocery shop
8. Wash two loads today ✅
9. Wash hair ✅
10. Clean bathroom ✅
11. Set up Ring Doorbell ✅
For the most part I got most things on the list done today. My spending for last month was terrible, my dining out and personal (hair care) was well over. This month, I’m watching this baby, I got lazy and need to get back to my personal finances and accountability .
While I was cleaning 🧹 the patio, SO came out and helped. I was able to replace (he bought the paneling) about 10 panels on the fence. I need to replace another 15, about $1.50 a panel, but it beats replacing the entire fence, plus it’s something I can do myself. The patio is definitely coming along. Next weekend I’ll do one more pressure cleaning before painting the following week. It’s perfect timing because we are going into the fall and I love to be outdoors.
I hope he didn’t think by helping that I’m changing my mind, this is something he should have done a long time ago.
I also bought a Ring video doorbell (with motion), they were $69 vs the normal $100 at Best Buy with a free Google dot. Since the SO is leaving, I wanted a camera for the house. This will come out of the home repair/upgrade funds.
I also sold an item on Poshmark, a dress, I made $7.05, this went to the EF account.
SO packed some things, I understand it’s going to take a few weeks to move everything but I’m not sure why he’s coming back tonight. He’d mention he was taking some things to his mom, and would be back. I didn’t say anything because I want this move to go smoothly but when he gets back, I’ll let him know I’m ready for bed and it’s time for him to go.
Well I’ve been up for over a hour, and wasted a ton of time scrolling through social media.
Today’s things to do
1. Balance checking/saving accounts🏦
2. Review last month’s spending
3. Review this month’s spending
4. Update cash 💰 envelopes ✉️
5. Pressure clean patio
6. Make throw pillows
7. Grocery shop
8. Wash two loads today
I’ll check back in to see how things went
Yesterday I really needed to get moving and work on the next budget period, but I was so enjoying the quiet time and I was just exhausted from the workweek.
Things I need to do/done
✔️ Update the budget for next pay period
✔️ Update/fill my cash envelopes
✔️ Balance CC10
✔️ Update student loan accounts
✔️ Change direct deposits to include the pay increase.
Update my planner for August
Checked my net worth and found that it increased by .01% that’s $1953.94 🙄🤦🏽♀️. It’s progress, just wish that it was more. I know I’ll get there once I’m able to tackle the student loan debt.
I made adjustments so that I am saving more of my pay increases. Typically I’d spend this money by increasing my way of living that include shopping and dining, but not this time. I split the increase among retirement, saving and debt. These three things are my priority.
Today I’m going to wash 🧼 my car 🚗 she’s filthy. I’ve asked the SO for quite some time and he just hasn’t, so I’m going out before it gets too hot to do it.
Just cashed out 8,900 points of my BoA card, that was equivalent to $44. I’m adding the $44 to my EF.
The reason I was able to accumulate so many points was that I added my legal fees to the card and paid it off immediately. I have a few auto pay items as well, such as car insurance and cellphone and as soon as those charges hits I pay them off.
I also received another five star rating on Poshmark so I was able to cash out $3.05 from a sale. This was also added to the EF.
I’m 42 cents away from cashing out my Ibotta account. So far this month the extra earnings/cash rewards would be about $72. Not bad, I’ll take that. It’s really a refund on items I actually bought.
I finally got my oil change which was $40, geesh I remember when oil changes were $15, this is crazy. Thank goodness I have the car fund for stuff like this.
Yesterday, I bought a phone 📱 charger for my car, well something told me after the fact, to place the charger in a different outlet, well it worked. So I’m taking that back to get my $12 today. While I was in Walmart l also bought another pool 🏊🏾♀️ raft, not sure why but that’s going back as well, that was $3. It was a want and not a need.
Lastly I took a look at my budget for July. By the end of the month I should hit my savings goal of $5,000. Then August would be another $1,000 and I’ll be back to where I was prior to my legal stuff. I’ll continue to add to the EF aggressively until everything is all squared away. I don’t know, I just feel like I’m off my A game with my savings and debt repayments. I really wanted this credit card gone by the end of the year.
Opened the Fidelity rollover account. I’ll complete the forms for the 401(k), number 1, today, scan it and email it to be processed.
I’ll have to call and speak with a representative for the 401(k) number 2. Not sure why this is so difficult for $230 dollars.
I’m going to schedule a time to meet with a representative from Fidelity as well.
I’ve decided that I’ll keep the Roth with Vanguard and rollover/traditional with Fidelity. Right now I’m contributing 2% to retirement (Fidelity and Vanguard accounts) it’s not much but it’s a start.
Once I can get a handle on the remaining credit card and student loans, as well as educating myself on investments, I’ll invest more. I’ll continue with this amount and gradually increase each year and at every mile stone (debt paid offs etc). The goal is to be contributing at least the 15% in the next five years.
In stupid tax (debt) news, I took a look at the budget. Looks like I’ll be adding an extra $1,000 💰 to CC10. It sickens me that I can’t add this amount to my retirement but hey. Looks like I may not have this CC paid off until early next year, if I’m only able to throw a $1,000 at it. We’ll see, I may be able to cut a few things or come into some cash.
That’s it for now
To say, I added $10.79 to the rollover, rounding down my checking account, can’t wait for the actual roll overs to hit
Checked my account and the bank credited me the interest charged on CC8, and I’m back to a zero balance 😃
Wow, I’m still in shock that the interest was adjusted and I’ve paid off nine credit cards 💳
I also checked other accounts, I mailed off my two month HOA payment Monday, and the check cleared already. I’m also shocked at how quickly that occurred. I still have about $174 left in my cash envy until pay day, and my checking account has just over $400.
I’m curious how much do you keep in your checking account as a buffer goes? I think Dave says we should zero base our budgets. Each pay period I allocate $10 to my checking for budget items I may have forgotten about and other surprises like the $13.20 lab 🧪 invoice I received. I’m thinking about throwing $200 at CC10
Today was a great day!
First I pulled out my old employer documents to get more information on the 401(k). Monday I’ll be able to roll over one, the other I have to do a little bit more research.
After that, I rolled up my coins 💰 to be deposited and added to my Roth. I decided to have both the Roth and Traditional IRA. I’ll contribute more of course to the traditional. I was surprised to see I earned two cents on the Roth.
Next I headed into Walmart, picked up those items that were on my list only. I was able to use my rewards card and saved 10% on produce and meats. I then came home and prepared dinner for the week. I’m a little annoyed because two of my meals were freezer burned. All and all I’m loving the meal prepping. 🥘
I relaxed a bit, and then tackled the numbers last month.
I came in under budgeted at $68.50
Saved a total of $542.53, 14% of my income.
Last month’s starting network was
At the end of the month I was at
All and all the net worth was reduced by $3,114.37 or 1.7%
I know I saved more than I paid down but the sinking funds are non negotiable. Goal is to continue to decrease that negative number. It’s majority the house and those stupid student loans.
Today was a no spend day 😃 (outside of groceries).
Today was a great day, I did not spend a dime. I balanced my saving and checking accounts, I made about $5 in interest.
Tomorrow I’ll take a look at April’s spending vs what I actually budgeted for.
Cashed out $5 from Receipt Hog and $20.85 from iBotta. A whopping $25.85, not bad for scanning receipts and getting rebates on on items I actually need.
I also, used my Humana healthy card today to save on fruit. I’ve had this card since August and never used it. Smh
This weekend, I’ll be crunching numbers to see how things went in April. For May, I’m planning a no dining out month.
Balanced my primary checking account, I have about $600 left in the account, this amount includes outstanding items. Though I find this amount to be high for a checking account, I do like having an extra few hundreds just in case.
April was a tough month, I was all over the place, not saving per se, but not spending either. I had a huge event this month that was costly but I’m good. All with in reason.
I received my new American Express card in the mail, they reduced my limit by $1200 because I spent $1200 less last year lol, I thought this was funny. Now I know why my credit score dropped a bit.
Target sent me a notice informing me that if I don’t use the card in two months they’re going to cancel. I haven’t used this card in almost two years. I’m debating if I should use it to pay some sort of bill next month (pay it immediately). I’ll see, I don’t want my score to keep dropping.
Other than that I think I’m ready for May. I’ll finalize the budget tomorrow.
How much is too much in your sinking funds?
I was listening to a live video and the admin stated not to pile up too much cash in these funds because that’s what the EF is for.
Well for me, my car repairs with oil change and tires average about $500 a year, or a little over. I’m never at the point of making the $500 saved mark, because something always happens and I have to tap into both the sinking fund or the EF. I can say though for this year so far I haven’t had any major car repairs, knock on wood. And when I did, it felt great to cashflow.
Now my car is 2002 Camry with 250k miles, so I anticipate another two years. I’d really like to save $6 to $8k for another cat cash.
In reference to the home repair fund, I’ve lived in this place for seven years and purchased last year. During this time there’s been no majors repairs, knock on wood. However, I’m nervous that something is bound to happen now. The AC is a very old unit, my fence is getting to the point where in two years I’ll need a new one, my power switch just stopped and I don’t have hurricane shutters. I’d honestly like to have at least $5,000 in my home fund separate from the EF. However after watching the video I’m now questioning it. Because isn’t the EF for emergencies, but the sinking fund are for those items one foresee like a new fence, a must other wards HOA will put a lean on the property, a new car or hurricane shutters. When will I know too much is in these funds?
I watch my sister who moved into her place last June/July struggling to find the money to fix her roof. She was quoted I think $300 and said that was too much (don’t think she had the money) now almost a year later the leak is getting worst and she doesn’t have the money to fix.
Finally back on track. I took a week’s hiatus, things were super busy at work and this last week has been crazy.
First, the SO cousin’s wedding was beautiful, but his mom act a plum fool because she was sitting at the wrong table and had to move 🤦🏽♀️🙄
The next day at 6 am we took my mom to the hospital 🏥 she had an allergic reaction to something. Then at 11 am we took the SO grandson to the hospital for a possible seizure, all in one day.
Mid week the SO was attacked by bees 🐝 while working and his face looked like the elephant 🐘 man 🤦🏽♀️🙄. Thank goodness the Benadryl worked.
All this coupled with a work week from hell, open enrollment, employee relationship issues etc.
Today I finally took a look at my budget, last month was okay. I’m annoyed that I had to stop the snowball temporarily.
So last month...
* Paid only $409.18 to CC9
* Saved $506 of income ( this include the dividend of $4.04)
* I had a few items I went over budget in, not too bad
Tomorrow I’ll take a look at my habit tracker, to see how things went
Revisited my budget and this is a tough month. I signed up for something last year, that I really didn’t want to do but hey, it’s done now. I’m just ticked off at myself and the fact that I won’t be adding anything extra to the CC 💳, other than about $70.
Other news, I’m really glad that I’ve socked away for birthdays and other things that require gift buying, that I may have forgotten. We had a wedding this past weekend, and we (SO) split the gift, $25 each. I took my portion from my fun envelope but transferred the money from the birthday sinking fund right back. Lol, what’s weird is I forgot about the account and was upset I had to spend the money, I thought how could you not budget for this. Then I realize I had actually saved for it. Duh 🙄 It feels so good to not use CCs 💳 and to save for things.
Last night I came home my car window won’t go up, it appears as though there’s something with the rubber, it’s off track blocking the window to go up 🙄. Murphy always seem to appear when things are going great.
Lastly, the weekend was crazy, mom went to the hospital, allergic reaction and the SO grand baby went as well, all in the same day. Plus I started feeling like crap 🤢. Thankfully everyone is home and I’m feeling better.