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Payments and Savings

July 14th, 2014 at 08:09 am

My husband's paycheck is pending in our account, so I started paying bills. All of them are online! Smile

I paid off the Southwest Rapid Rewards Visa card in full. I pulled money from savings for this one since it was the card I put my daughter's new computer on. The statement ends on the 23rd, so I should see my Rapid Rewards points soon after. Then it will be time to redeem more gift cards!!

I saved $57 in my Capital One 360 Savings account for the 52 Week Savings Challenge. That means I have now covered Weeks 1-19, and Weeks 38-52. This money is going to that band trip in the spring. I will easily have it funded by November!!

I paid our Target Red card that we put all of our groceries on, in addition to the Chase Freedom card that we put other expenses on when we aren't working on a particular bonus card. Chase Freedom is offering 5% cash back on gas stations this quarter. Our reward for this statement was over $15. We cannot redeem the rewards until they are over $20, so we have to wait awhile longer.

I also recorded the automatic savings for our Roth contributions of $458.33 each and $167 to each of our daughter's college fund. It is so easy to keep investing when the money is transferred automatically. I don't have to think about it much, except to record the transaction in our check register.

I paid an additional $275 to our mortgage, which is planned on the 15 each month. I added $40.64 in snowflakes for a total principal reduction of $315.64. Less debt! Yes.

The other good news is that I was able to set aside $231.78 in savings for this pay period. It may get pulled back out for some upcoming expenses, but it is there for later and that feels good.

The weather is cool, and way less humid this week, so I'm going to try to keep the windows open and the air conditioning off as much as possible, so save a few extra dollars. It does make one of my cats quite frisky smelling all that fresh air! Smile

Did you pay extra on your mortgage this month? Are you using a rewards card to get cash back on gas this month? Are you still participating in the 52 Week Savings Challenge?

2 Responses to “Payments and Savings”

  1. NJDebbie Says:

    My 52 Week Savings Challenge (backwards) is at $1,824!

  2. FrugalTexan75 Says:

    I earned almost $20 in gas rewards ... from the move. (5% PenFed card.)

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