I entered all of our receipts into YNAB yesterday after returning from our Midwest trip for our daughter's orientation. My husband was going to do some of it before we returned, but I offered to do it so I could get everything categorized correctly! He has a habit of putting the charge on one card into the list of expenses on another card. Ironically, I did that once yesterday myself! A reason to have just one card I guess.
I can tell we spent over $1000 on a rental car ($246), one night in a hotel ($121) and food! There were some college t shirts purchased, a calculator for calculus, and a few personal care items needed. We were in hotels five nights. We used Marriott points for four of them so that was very helpful. We had free breakfast everyday, but because we ate out for lunch and dinner we easily spent $80-100 each day. If it was a more relaxing type of vacation we probably could have grocery shopped and eaten that way, but we really were on the go most of the time.
I had saved money for these trips, so we were not scrounging to find the funds upon our return. The remaining balance in the vacation/travel fund is $649. We may take a short three day trip in July as a family. Those plans have not been made, but the hope would be to make sure these funds do cover that trip. I will need to add more funds soon for August traveling to the colleges. One daughter may fly, and the rest of us drive. Not sure yet, but will need to save for those...along with all the new college student expenses. That part is feeling pretty overwhelming!
It's payday, so I will pay off the cards and start budgeting for July! I would like July to be low in the grocery budget, so I need to put some effort there for some simple but healthy meals. After eating out so much on the trip, I really want lighter meals. What do you like to eat that is light in the summer?
Viewing the 'Budget' Category
I entered all of our receipts into YNAB yesterday after returning from our Midwest trip for our daughter's orientation. My husband was going to do some of it before we returned, but I offered to do it so I could get everything categorized correctly! He has a habit of putting the charge on one card into the list of expenses on another card. Ironically, I did that once yesterday myself! A reason to have just one card I guess.
It's been a very busy week after having my parents, sister and her two girls visit primarily to see our youngest daughter graduate high school! I'm exhausted this morning after taking them to the airport at 4am. I have had a chance though to process my husband's paycheck, add transactions to YNAB, move money around, and pay off the credit cards.
Just prior to my parents arriving my husband was out of town for work for three days. I haven't yet taken the time to figure out his actual expenses, but we did receive $515.85. Some of that is per diem, and the rest is mileage on the truck he drove. I'm sure he didn't spend that much. That money for now is sitting in our second checking account, and I think I'm just throwing it towards our Big Goal.
I spent $220 on food when guests were here, but my Dad also spent ANOTHER $230 on food and some alcohol. So $450 for 9 people for 7 days. We did eat out for five meals, which was additional money spent. We went to the beach for three nights so most of our time was spent sitting on the beach or at the resort pools. Not a lot you can spend money on...unless you venture out and get towed!
Yep, we parked in an expensive lot for three hours, but came back about thirty minutes early to find our van had been towed. The truck, which we also drove, was still parked. In the end it was a bit our fault. The lot has these machines where you pay and then put the ticket on the dash. My husband started the transaction and at some point I looked down and saw a ticket, so I pulled it and handed it to him. Turns out that was the ticket for the person BEFORE us and that ticket expired two hours before ours would have. They didn't even tow until it had been expired for an hour. The cost to get the van out of the impound lot...$160 CASH. Big mistake on our part to not actually look at the ticket. So embarrassing. But we weren't the only ones that night that were careless, the man at the lot said six other cars were towed that night. A bad chain of events for all of us. We thought about pursuing a refund of some sort, but in the end the security guard, and tow truck driver were only going by the information on the ticket...and they were within their duties to tow based on that information. We are not happy about losing that money, but it is just money and we were determined to continue to have a good time and just let it go.
The good news is that today when I was paying off credit cards I redeemed $71.89 from American Express, and $45.95 from Chase Freedom. I also have three rash guard shirts we didn't end up wearing that still have tags. I will return those for at least another $40 to $50. Money flows out, but it also flows back in.
Oh, and my sister is going to give me about $100 to cover food and gas. She is giving my dad some money as well since she didn't contribute while she was here. She had the cash on her this morning, but we both forgot about during the early rush to get to the airport. She will send a check or send me money by Paypal. That will help the budget, too!
I'm exhausted, but we leave in a few days again to go to our youngest daughter's college orientation. Hotels are covered with points, we already paid the airline tickets, but will have a rental car, food and gas to cover while we are there. I think we can also buy the first semester books after she has enrolled in classes. I still have over $1,500 in our vacation fund.
That's all for now! Stay cool and frugal.
This morning I paid the balance of my daughter's summer tuition in full out of our checking account. Today's amount due was $1,613.26, which was far less than I estimated.
Originally, my estimate was just under $3,700 without books. I was a bit off on my estimate. One class is a business class and thus carries a premium tuition rate, which added another $534! I also didn't add in the fees, which seems odd that I failed to do that. Books (specifically access codes for online instruction) were added to the tune of $245. The finally tally was $5013.26 for six credit hours. Reminder this is out of state tuition.
But we were blessed with a scholarship of $2,800. It was part of our daughter's main scholarship, but somehow was not applied last year when she took one class. So we didn't know that it would cover summer classes. So at this point I was expecting to pay $2,213.26.
But when I went to pay there was a credit of $600, leaving the balance at $1,613.26. We can't tell online specifically what the $600 is, however we think it is likely one of the music scholarship she received this spring. She was expecting a check for it. I think the University would cut a check if there was not a balance due. So instead the credit goes towards the current tuition owed. In the end it is all the same.
Sometimes I'm just amazed at our ability to have paid tuition and housing in full without loans. Let's see if we can continue the trend! Oldest daughter has three more semesters with intended graduation date of December 2019. And of course, our youngest is starting this fall, so another four years and we should be done!!
For the most part I deal with finances twice a month. Yes, we enter receipts in YNAB as best we can daily or every few days. Lately, it seems there is a transaction missing, but it ends up that it was entered on a different card. It seems to be my husband not paying attention, which is frustrating when I go to reconcile the accounts. I do usually figure it out, but takes much more time than it should if it were just entered correctly the first time!
So pay day is two days away. Today, I went in and paid off all balances on our credit cards. There were seven payments! I had a balance on two Amex Cards, Chase Freedom, Southwest, Kohl's, Target Red card AND Discover! That sounds awful doesn't it? But the balances on four of them were less than $25 each, including something for $5.99 on our Southwest card which we are not really using much. I think the purchase was charged to that card since it was what was on the account for an online purchase. Our tires were on one Amex card, and the other two larger payments $631 and $547 were charges for everyday expenses.
I also had to move some money around in YNAB to keep the budget categories from being negative going into next month. We've spent a fair amount on clothes recently, some for graduation and some for the beach vacation. I pulled $200 from the vacation fund to cover these. I'm still over in household expenses by $75. I just stocked up on toilet paper, paper plates, dish detergent, hand soap and other things to have at the house for guests here in a few weeks. I will just cover that overage in June. This is the beauty of having extra funds in your account...can be over in one category, but not actually running a deficient in the checking account.
I'm really looking forward to June being over. It is going to be a whirlwind with graduation, guests, going to the beach and then also flying out of town for five nights for college orientation. Maybe July will feel relaxing? Of course, we have to prepare for getting the girls ready for college, one will need more than the other since it is her first year.
Thankful the cash to do what we want and need to do!
Our tire purchase came in under budget. Yesterday, I estimated $750 based on their estimate and a discount. Turns out the total came to $681. That means we still have money in our car repair and maintenance fund to the tune of just $72. I think I may just let my husband get his windshield wipers replaced.
We are up to date on all maintenance for awhile. The hope is there are no repairs needed anytime soon. I clearly need to keep adding to it. Although we do have a regular emergency fund that would take the hit if something major were to happen.
Have you come in under budget for a major purchase lately?
I'm getting new tires on my van tomorrow. This will be the third time we have replaced the tires on our 2007 Honda Odyssey, which has 135K miles.
Cost of four tires and an alignment after the military discount should be around $750. Maybe less. I think our original quote has a warranty of some sort on them with the tire store. Since we will be moving and this store doesn't exist there, what's the point?
Not sure we exactly got our money's worth on this last set. I thought they were rated for 90K miles. Do tires actually ever make it to their mileage rating? This is the only time I noticed that they didn't even come close.
The good news is I have this amount in our car maintenance sinking fund. No debt! Not that we have been in debt for quite some time, but we are still rocking being debt free!
Oh, and to be more specific we are adding $225 each month to our sinking fund for car maintenance and repairs. This was the average of what we have spent on two vehicles in the last two years. As they get older they do have a little more repairs needed. We are determined to hold these vehicles until our daughters graduate college. Just four more years to go!!
Wow! My daughter is a money magnet. She has now received a scholarship for summer classes. It has the same name as the big scholarship she currently has, but she didn't receive it last summer. It is possible that was because she was half time, just one three credit hour class. This newest scholarship is worth $2,800. The total summer bill is $4,768. I was expecting just under $4,000, and have been saving monthly to pay this. I figured out that I didn't remember to add up all the fees, or to figure that one of the classes (a business class) is a higher tuition rate. So now our portion to pay, due June 12 is $1,968.
I also had her apply for a summer grant worth up to $1,400 for summer. I'm not sure she's actually eligible as an out of state student, but it let her apply. That, or a portion, would be very helpful.
I will keep the extra $2000 I will have saved by mid June for future college expenses. Although it is honestly tempting to put it into our Big Goal.
I've added some more cash to our Big Goal. Our plan is to add $108 per pay period. I keep forgetting when I do our budget in YNAB, so then I have to go back in and make adjustments for it to work! This is money from my husband's raise this year. We also save last year's raise. So we are still living on 2016 income!
I think I will switch this to an automatic savings transfer, then I can have automatically set up to record in YNAB as well. I can't let this money disappear into our spending!
I made an eBay sale last night. Net proceeds about $11 on something we no longer need or use. It had been listed for awhile, but I was okay waiting for the right person to come along.
I redeemed $22.99 from our Chase Freedom account. Cash will be deposited into our bank account in the next day or so.
Happy to have cash flowing in and the ability to save it.
I just reviewed the snowflakes we received in March. Here's a breakdown:
$3.53 eBay proceeds (our portion, daughter received more)
$25.00 Amex reward
$20.00 Amex offer
$18.00 Rooms to Go settlement
Not much but it does add up!
On that Amex offer, we made a purchase at Boxed.com and received a credit on our Amex statement. I simply moved money from the Household Expenses category that would have been spent without the offer and put that money in the Big Goal category.
For anyone new, snowflakes is just a term for extra money. Since many people snowball their debt payments, finding extra money to add is a like adding some snowflakes to the snowball. We are debt free, so we simply add our snowflakes to our savings goals.
I finally got my rear in gear and made some airline reservations! I booked my daughter's trip home for the summer. We always do this one way since we don't know exactly when she plans to arrive on campus for the fall. This usually works out in our favor with decent one way tickets. This one cost us $155.
Next I booked our tickets to travel back to the last state we lived in. This is where our youngest daughter will go to college in the fall. I don't disclose exactly where we live because my husband is military and has asked me not to. Our daughter has orientation at the end of June for two days. We will leave on a Friday, have a free Saturday, orientation on Sunday and Monday, and then a free day on Tuesday before flying home on Wednesday morning. Our oldest daughter is coming with us in hopes of seeing some old friends. The airline tickets cost us just over $1,600! Now you can see why I needed to be adding to the vacation budget this year!
I will need to book hotels for five nights AND get a rental car. I think at least three of the nights we may book at a hotel with a kitchen, so may just eat in those nights for dinner and have breakfast provided by the hotel. That will help quite a bit. The good news is I have one free night at Marriott as well as points we can redeem. So it appears we may only need to pay for one night out of pocket. I also looked briefly at rental cars. I have some discount options to consider, but guess at least $150-$200.
We may also do a test run of the shuttle my daughter will take to get to and from campus to the airport on her visits home. She will not have a car. We expect a trial run, may help ease any anxiety about the process. This will cost us about $59 for two of us one way. Not exactly frugal, but helpful. We may change our minds on this, but right now seems like a good option.
I think I mentioned we are likely to need to do some travel this year, primarily to visit our youngest daughter's college for orientation in June and later in the summer to move her in. I also need to buy our older daughter a plane ticket home in May. I should do that any day now. And we are also planning a small trip to the mountains this summer as a family. We will drive, but will need to cover fuel, hotels, food and activities.
I was able to add $500 this pay period to the vacation budget. We now have $3,427.56!
I don't have an exact number we need. I suppose I should start estimating that! It's starting to feel like a lot of hotel nights! We do have some points with Marriott, so will likely use those for some of the nights we need to cover. May need to get creative for other nights to pay the least out of pocket, but within our comfort zone.
I expect to be able to add more money as the weeks go by!
A few random updates.
I returned an item I bought last week to Walmart. It just didn't work like I thought it would. That put $3.94 back in our pockets, which I probably did really spend again, because I needed several things while I was there. And I also bought my husband Star Wars, Last Jedi that came out today on Blu Ray. I lucked out that he never paid money to see this in the theatre, so only buying the movie is a win! Sometimes it seems we have to do both. Ugh!
I earned $5.10 from Ibotta this month. Not a lot, but I don't buy many of the things they offer.
I have not been doing Swagbucks much this month. I have 1490SB currently. I'll just keep accumulating them when I feel like it. I also have almost 2500 MyPoints, which seems to be owned by the same company as Swagbucks!?
We had our daughter home for Spring Break last week. We did some extra eating out as a result, which I expected and planned for. And guess what, next week is my younger daughter's spring break!? I don't think it will cause us to eat out more, but I'm thinking we may do some shopping for clothes, or even some college dorm room items!
Budget is getting a little tight as we near the end of the month, but payday is Friday, so I expect I can stay within the budget we put out for March.
I missed my TEN year Blogoversary earlier this month on March 12. I'm quite shocked I have stayed at it this long. It's been fun, and very rewarding to reach towards our goals, andcheer each other on in this community all while creating a log of our financial happenings!
In the last week, as I have paid our credit cards in full, I found that two of them had rewards I could redeem. I redeemed $22.11 in cash from our Chase Freedom account. We have been using that card for fuel, cable, phone (Ooma) and Netflix purchases this quarter to earn 5% cash back.
Our American Express card had earned another $25 in rewards. This is applied as a statement credit, but I did put that same amount towards our Big Goal.
Today was a little spendy! My husband is home from work while our daughter visits. We ran to Target to pick up a sympathy card, light bulbs, shaving cream and packing tape. We decide to make this our day out to each lunch. We will eat at home the next few days, with more eating out to celebrate her birthday later in the week. And finally, we picked up some hair product our daughter uses from Ulta (did have a coupon). That was $83 of spending! I'm glad I added extra to our budget accounts.
My husband is going to get the oil changed in my van tomorrow. We have been saving for car maintenance, so no worries about finding cash for that! We are set.
Tonight I'm making this for dinner. Some of us will add chicken. I'm also going to use some hamburger buns to make a garlic bread. I've made that recipe with green beans instead of asparagus with good results...even more frugal.
Our daughter arrives home today for her spring break! We have to drive a little over an hour and half to pick her up. Southwest doesn't fly into our town and we love that airline! It's also less expensive. And yes, I realize there is gas and parking and often lunch after she arrives.
I have added extra money to our budget accounts while she is home. There is definitely more groceries to buy. And we have plans to go out for sushi and pie. Not on the same day! My husband will be home most of the time as well, so we hope to get out and do some things together. Many will likely be free, but a movie out is a possibility too!
I think she may want to go spring clothes shopping too. Another budget category I added extra to for the remainder of the month.
Oh, and her birthday is next Saturday....so I need to finish shopping for that as well. I have a couple items and if I don't pick up anything else I will likely give her cash. She does have savings goals!
We are excited to see her!
Happy St. Patrick's Day!
With the warmer weather a couple weeks ago here in the Southeast, the furnace and air conditioner were not running much at all. The weather has cooled again in recent days, but the end result is a much lower bill from last month.
Remember my bill in January (due in February) was $350?! Last month it came down to $250. And this month, the bill is $161. This is still higher than I like, but for this home it seems to be the near minimum for running everything. I think I will start funding the electric account with a minimum of $250 each month to help level out the larger bills sure to come this summer. It's easy to do this in YNAB and let the money keep rolling over from month to month.
Payday is tomorrow. I will pay all credit card accounts in full, reconcile any accounts in YNAB (did some today) and fund everyday spending for the second half of the month. I will also fund the bills and withdrawals (such as Roth and college investments) and our sinking funds.
I'm more hands off with finances than I once was. Once you have excess funds, you don't have worry about overdrawing your account, or finding money when a larger bill comes in because you have funded it in advance (sinking funds). And YNAB helps keep track of all that as well.
Happy Pi Day!
I redeemed Swagbucks recently for $25 deposit to my PayPal account. I sold two items on eBay and netted just over $15. I just transferred the money to our savings account. This is Big Goal money!
I did a ShopTracker for Pinecone Research, but I have not seen the credit to my account yet. That should be $3 when it arrives. And I JUST got the email that it has been credited as I was writing this. Timing is an amusing thing!
Payday is on Thursday, so I just paid off all credit cards and they are now back to zero. I do this twice per month, no interest is ever paid on the credit cards we use. Our February spending actually ended up being only $75 more than in January! I was surprised, as we had guests and we weren't trying.
I'm looking forward to adding up our interest for the month of February. I noticed that one of our accounts has increased the interest rate to 1.60%. Such a relief to us savers to see interest rates moving in a favorable direction.
I will balance and reconcile all accounts in YNAB later today or tomorrow. Some accounts are simple as we use them for just a few transactions a month. Other accounts take a little longer. Once they are all up to date, then I toss nearly all receipts, keeping only those that I may need for a return or for long term reasons, such as insurance claims or taxes.
Wow, the first half of the month is nearly over! My parents were here for 12 days, and boy does it show in the grocery budget. We spent $202 on a full grocery trip three days before they arrived. And then proceeded to spend $276 more in groceries while they were here! We did eat very well and I know there are leftovers I can still use up in the coming days.
And believe it or not we even went out to dinner a few times. We picked up the tab for my mom's birthday at a sushi place. They bought me lunch at a Indian restaurant, Panera and another lunch at the sushi restaurant. Otherwise all meals were cooked at home, but I guess we picked all the expensive ingredients!
So maybe we can get the grocery bills lower in the second half of the month. I do know my daughter and I will be eating leftovers for dinner while my husband is at a work event this evening. I will need to take stock of what I have and make use of it as the month progresses!
For the purposes of this blog and January Uber Frugal month, I am closing out our budget. We went grocery shopping today, but I am not including it since most of the food will cover more days in February than January. I did include the fuel we bought for the van, which was $41.96.
It doesn't show in my screenshots, but we were over our budget by $36.05. Not bad at all considering several things were not planned, such as the dinner on Friday, buying vitamins for our daughter or buying a new fridge water filter. And yes, our groceries are probably inflated, not for eating more food, but for buying high quality food. We are dieting so we are actually eating less..and have both lost weight!
I zeroed all the categories out. This is how I end each month in YNAB. The remaining amount that we didn't allocate to anything this month $1,648.89! Lower spending does pay off! I will add the money to various long and short term goals. Some may go to the Big Goal, most of it will go to bigger expenses that we expect later this year.
Just so you know we are very unlikely to have spent all of that $1600 in a regular month. Compared to December 2017, we spent $1200 more than we did this month. And we spent $450 less than last January. I feel we were very successful this month.
We had a very nice time eating out. We did really good considering it was a brewery...we didn't drink! And I only had water with my meal. We spent three hours there and spent $38.61 on our entrees and DH's diet coke. He tipped generously with $8, for a total of $46.61 spent. So we are definitely over our frugal January restaurant budget. However, you really can't say no to an invite by friends that you don't see that often.
We stopped by the grocery store last night before coming home because we needed eggs. I did remember a few other needs(flour, turkey crumbles, cheese) as well, along with two requests from our daughter. We spent another $29.94 in groceries. We are now over the Uber Frugal budget in groceries too.
Despite going over budget in a lot of budget categories this month, we have done really well. I purposely put the budget low to keep us thinking about our spending. We have months where we just don't monitor it as closely. That's why I find these low spend months so helpful.
Here's what the Everyday Spending categories look like right now. I will probably end our reporting of our spending and Uber Frugal month after today. We have guests coming and I need to get some things purchased (specifically groceries) tomorrow. Notice how there's just $10 left! That's cutting it close isn't it?
The good news is there is plenty of cash to still be allocated to savings. I'll share that amount tomorrow!! It's a pretty big number.
Yesterday, I spent $3.50 to mail my sister her lanyard that I made. All items I used, including the mailer and card were items I had in my home, so no other out of pocket costs. We decided a few years ago not to exchange gifts, but she is my sister and since I felt inspired to make something I just did it!
I also spent $2.12 on a birthday card for my mother. She will be here next week and her birthday will take place during her visit. I'm not sure if I'm buying her a gift yet. I'm thinking of buying flowers to have during her time here as I know she doesn't NEED stuff. I know we will likely go out to dinner, too.
Speaking of dinner, I just got a phone call that a former coworker of my husband is in town and wanted to know if we want to go to dinner tonight. I guess we are...people before money, right? I could offer up dinner at our house, but since the plan is for this evening...I don't feel prepared in the least.
We have $122.76 left to spend through the end of the month based on the budget I made to be Uber Frugal. We bought groceries on Sunday, so that definitely made a dent in the available cash.
Oh, look you can see that we contributed to our retirement, specifically our Roth IRAs.
My husband also bought fuel since the last time I posted this snapshot. Otherwise I think that is it for spending! I will likely need fuel in my van before the end of the month, but we may come under budget in fuel.
We usually shop for groceries together on Sunday's. I intend to do the same this week. We will go over budget because I will be purchasing food for guests during that trip. The guests arrive on Wednesday. After our shopping trip, I may be able to estimate the cost for foods to get us through mid day on Wednesday. That is what would count for January. The remaining will count for February. It is what it is. Hard to get budgets to match up perfectly with a calendar and unusual events such as visiting guests.
How are you doing with your spending goals this month?
I personally did no spending today. I stayed home and sewed a lanyard for my sister who is a kindergarten teacher. This is her birthday gift. I made it from what I already had on hand in my sewing stash. I will need to mail it to her but I expect that to be only a couple dollars.
My husband received a $10 gift card from AutoZone in the mail today. He purchased new headlights for his truck that had a $10 rebate, thus the gift card. He went to AutoZone to use it for new map lights, which he thinks now wasn't a need but a wiring issue that has come loose. He attempted to get me a battery for my truck key fob, but they didn't have it. Oh, actually he also said he may have stripped the screw that holds the key fob together so we may not even be able to get a battery in it. At least the key still works!
I have some tax documents coming in including my husband's W2. I planned to use whatever the software the military has available, however, the site we need to go through Military One Source is having issues. I'm not able to log in. It seems others are having similar issues. I hope it is corrected soon. I probably could go find another site to use to at least get an idea where we stand, pay or refund. I remember last year doing a projection and expect we may need to pay $400.
Yes, we did go to the grocery store (commissary) yesterday, but we did use up more food in the cupboard and fridge last week. I thought I'd list a few of them:
Can of tuna
Can of chickpeas
5 Halo tangerines
Refried beans (in the freezer)
Leftover pork chop (in the freezer)
I did have to toss some tomato sauce. It had been in the fridge too long. It was about 1/4 cup. Food waste happens.
This week I'm going to make chicken in the crockpot to use up some Pineapple Siracha Jam we received as a gift. Trying to limit sugar, but this is probably the best way to use up and also create flavor for the chicken.
Other items I aim to use up this week:
One hamburger bun
Two whole sized pita pockets
Can of pumpkin
We have croutons, wheat thins and a can of Spaghetti Os that should get eaten but I'm trying to limit processed carbs and none of those seem worth it to eat while on this diet. Yes, I'm aware the pitas and hamburger bun are carbs...may push those off on my daughter. I think I need to donate the Spaghetti Os. My daughter was ill a few months ago and they sounded good to her. I bought two cans when I should have just bought one. We really don't eat that kind of thing anymore.
How are you doing using up what you have? My stash is pretty limited but I'm making a point of using up those things that seem to just keep sitting around longer than usual.
My husband and daughter considered going to Jumanji yesterday. I did remind them it was a no spend month. In the end we did some clothes shopping for our daughter, which was more of a need. We also visited the kitties at the pet store. So cute...and tempting!
Three shirts were bought at Target, spent about $60 on those (not frugal), in addition to lotion, laundry detergent and windex. I had a $50 gift card, used two cartwheel offers and there was 15% off clothing if I used our Red Card. So, out of pocket we spent $25.80.
Today we went grocery shopping. Final total at the commissary was $151.26. Pet food was $21 and Vitamin C was $8.77. The rest was food. We bought salmon and chicken this week, so that wasn't exactly frugal. We also needed lots of veggies which are key to our healthy diets.
Still no alcohol has been purchased! That's three weekends in a row. My husband did mention it last night, but he is committed to the diet for the month.
We are on our second snow day. Yesterday, could have been a school day as the snow didn't start falling until after 7pm. Yes, rain earlier, but temps didn't drop until much later as well. I guess other northern areas of the county did get snow earlier. That means no driving for me or my husband to go into work. Of course, since the temperatures dropped the heat pump is running constantly.
My husband picked up some more Diet Coke and snacks at the store. Husband and I are limiting snacks and he was just suppose to get one thing for our daughter. Instead three snack items came home. He spent $17+ at the store. Snacks should last awhile because we are not mindfully putting our hands into the package. We measure it all out.
I did purchase several kinds of Vitamins for my oldest daughter. I buy a couple different ones for her and she was basically about out of all of them. I spent $49. That was not budgeted, although she did mention needing them soon. I was hoping to wait until February. It is what it is. We can afford it.
The other cash spent was on my husband's haircut. He spent $13.70. I had budgeted for this!
I'm losing track of what I have reported for snowflakes. Did I mention that I redeemed Chase Freedom rewards for $24.28? That was deposited into our checking account the other day. I listed some items on eBay. No luck on selling yet, but that doesn't surprise me as I'm sure many people are shopped out after the holidays.
I also added $63.15 to the Big Goal. This is the current after tax increase in my husband's paycheck each pay period. I expect the amount will change with the new withholding changes.
Oh, I received notification from Verizon that they gave us a $10 credit for recycling my daughter's old cell phone. Not much, but we'll take it considering it was a 3.5 year old phone.
Keeping busy on the snow days getting cleaning done, updating financials and tax planning, as well as decluttering. Oh, and watching YouTube videos for recipes! All free activities at home.
We have a bill that will be sent out in the next week for our University expenses. The final amount, including books that we were charged is $4,383.69. All of that is housing for the second semester. And we will get reimbursed from the VA over the next few months for just under that amount. Specifically we will receive $4,336.80 to cover housing.
I currently have $5,854 set aside in our college category in our checking account. So there will be no issue paying the bill when it is due in early February. After the bill is paid that will leave $1,470. I expect to need at least $3,700 to cover two online classes this summer. The bill will be due early June. My goal is to pay those out of pocket, and I have been setting aside $410 per month to make that happen. It does appear we are on track!
I increased our younger daughter's Educational Savings amount to $333.33 from $166.66. The maximum amount you can contribute each year is $2000. She turns 18 in July. At that time you can no longer contribute to the account. I increased it in order to get the full amount funded by her birthday.
You add those two amounts up ($410 +333.33) and we are setting aside $743 each month for college expenses. That is what saving and cash flowing look like. And if we had car payments like so many American's it would be even more difficult to make this happen. So happy my 2007 Honda Odyssey with 130K miles still looks and runs great!
I added more money to our Everyday Spending Budget Categories for the month. I thought you might want a peek!
I do have these funded with frugality in mind for the most part and some reality in mind as well. The reality is my husband is very likely to spend money on coffee at work. And he will record it in the Restaurant category. I also put some more in spending thinking I might switch him to cash, so I don't have to see how he is spending that money $2 a time. I'm going to see what he does this week first.
And you may notice we already have groceries taken out for this week, so the remaining grocery money is from January 21 to 31. Although we shop on Sunday's so that may end up covering just through January 28.
We just put fuel in my van on Sunday. I don't expect to do much driving this month. Stay home and out of the stores! So maybe most of that balance will be for my husband to go to and from work. Maybe not all of it.
Clothing and Household were added with just in case money. I don't expect any clothing to be bought. Although my younger daughter mentioned more clothes for next fall when she is at college. And now would be a good time to look for long sleeve shirts and such as those will be going on clearance. We'll see if it comes up, but I'm not rushing out now to take care of it.
I added to gifts. I found a sweater for my older daughter at Target and paid for with a gift card, so will need to mail it. And my sister's birthday is at the end of the month. We have stopped exchanging gifts in recent years, but if something comes to mind that is right for her I may buy and mail it. I'm starting to think that may not happen, so less would be spent there.
I added $35 for personal care. I know my husband will get another haircut $13.70, I will buy shampoo and conditioner $10 and the remaining is just in case.
And finally the pet category. We usually don't spend $50 in one month on our cat, but we stocked up on litter and will need to buy a new bag of dry food, which is like once every six months. And I will need a few more cans of wet food before the month is out. But we don't usually splurge in the pet category so those are all needs.
So after spending on Sunday, we have $490 left that we budgeted for January. Let's see how we do!
I thought I'd share what our Everyday Expenses look like at mid month when my husband get's paid. I basically make the budgeted amount equal to or greater than the amount spent. I subtract from some category amounts to add to others to make this happen. Often there is much more padding in the budget for all the extra spending we tend to do in a regular month.
So you can see there is still money left in Groceries and Fuel. Everything else is balanced to zero now.
In reality, that extra $22.62 was zeroed out as well. I found out when balancing our credit card statement to YNAB that a charge from December 29 in the amount of $22.42 was not recorded in YNAB. That overage then flowed into January. And, of course, it was for alcohol. Ugh! I ended up adding that amount to the budget in December so it won't show up in January...since I'm trying to keep it as accurate as possible for sharing here!
So yes, we really did spend $782.80 in the first half of January on our Everyday Expenses. Spending money probably shouldn't be counted entirely as $142 is allowances for our daughters. I probably should split that into it's own category and put it in Monthly Bills. So that really brings the every day spending to $640.80.
What is really neat about YNAB is that you can click on the outflows and get a pop up box that shows all the transactions that make up the total. So helpful! I do have the offline, version 4, so this may be different than current versions.
Very proud of us for avoiding spending on alcohol and entertainment!
I'm annoyed. December electric bill was once again off the charts during our time living in this rental home. Electric heat pumps are not efficient with single digit temperatures. And we have two units in our home that are sized too small for the square footage. Builder grade units that have been limping along. I'm not even going to share the amount. I can't wait to move out of this place. It's a nice home, but the air and electric are sub par.
Bill is due in early February. Will put some of our savings from our Uber Frugal January towards the bill. I look forward to March where I hope to see it drop significantly.
I'll be honest, I know we are not being as frugal as we could be. We are not doing bad at all, but there would be a little room for improvement.
Whoops...sorry didn't include the category names. They are in this order: Groceries, Fuel, Spending Money, Restaurants, Clothing, Household Goods, Alcohol, Entertainment, Gifts, Personal Care and Pets. I did include a screenshot at the bottom.
Payday was yesterday, so I'm going to close out the spending for the first half of the month looking like this. Notice the $915.67 left to budget at the top. Yep, I haven't put that money anywhere yet. I just wanted it to hang out there while we kept our spending low. There is no way under normal circumstances we would have spent that much in these categories. Most of that will end up in short term savings...college and car repairs for example.
More grocery spending. We checked out the new Sprouts store in our area yesterday, while picking up more baby spinach, himalayan salt, avocados and a couple treats. Spent $19.85. The original total was nearly $50! One of the treats that was $1.49 rang up as though we bought 20 of them!! Luckily I caught that error while at the store.
Just this morning I ordered my daughter more generic Zyrtec for her allergies. A need that I wasn't aware it was about time for. However, I see I did order the bottle this time last year, so it was time. After the balance of a gift card was applied, I spent $13.52. That was noted in the Personal Care category.
So you can see if I balance all the categories to zero we still have $22.62. We did make it within the budget that I put forth, but the categories were not as planned. And that really is how budgets can go at times. If you were doing a cash envelope, you would move money from one to another to make it work.
I'm really happy to report no spending on alcohol! It has not bothered me one bit not to drink. My husband is doing great, but when he is bored the urge is there. I'm committed for the full month of January and at this time do not plan to fund that category.
Also no out of pocket entertainment spending. We did rent a movie on Amazon last night. We used an Amazon.com gift card balance to rent it. Out of all the free content, my husband chose one to purchase. His desire to spend low is not as strong as mine!
We also spent some money at Target that is not reflected in the budget because we used gift cards. We picked the needed bar soap (bought a 10 or 12 pack), and added on a six pack of Diet Coke, a sweater on clearance for our oldest daughter and a dress for our younger daughter. Amount spent was $48.32, with most of that being clothing.
I will probably post again tomorrow with what the spending categories look like after I add to them for the second half of the month. Here is what they look like balanced to zero, or in the case of groceries and fuel a little bit left!
Oh, yes and if you see that that totals don't add up that is because we went over in Groceries, Personal Care and Pets in December, and it rolls over to the following month. All of those overages happened on December 31. We had already been paid for January, but the transaction at the commissary was in December, but it really is part of spending for January. Or at least that is how I have it set up in YNAB.
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