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Big Savings Goal: August

September 1st, 2019 at 01:18 pm

Here are the August additions to our Big Savings Goal:

NFCU $124.07
FNBO $67.20
USAA $0.09
8/1 Paycheck $175
8/15 Paycheck $175

$541.36 August Big Goal Total
$6,959.89 2019 YTD Total

$69,403.99 Previous Big Goal Total
$69,945.35 New Big Goal Balance

34.97% of $200,000 Goal

We are so close to $70K! We are still working on our Paying Ourselves Back goal. We made great progress on that this month!

August 2019 Interest Earned

September 1st, 2019 at 01:12 pm

It's my monthly report of interest earned. All amounts are added to our Big Goal.

NFCU $124.07
FNBO $67.20
USAA $0.09
Total Interest $191.36

Big Savings Goal: July

August 1st, 2019 at 01:14 pm

Here are the July additions to our Big Goal.

NFCU Interest $123.74
FNBO Interest $67.87
USAA Interest $0.10
7/1 Paycheck $175.00
7/15 Paycheck $175.00

$541.81 July Big Goal Total
$6418.53 2019 YTD

$68,862.18 Previous Big Goal Balance
$69,403.99 New Big Goal Balance

34.70% of $200,000 Target Goal

All movement in the right direction counts! We are a little slow going since we are paying back the car down payment to ourselves.

Desperate Solutions

July 28th, 2019 at 05:44 am

My frugal mind, or maybe my solution oriented mind, decided to solve a problem I was having with my hair dryer that cost me $0. I bought hair dryer sometime in the last six months, but lately the diffuser that came with it and I use kept falling off while I was drying my hair. Imagine a huge piece of plastic blowing off, bouncing around making a ruckus on your bathroom floor multiple times during a drying session. I was yelling out at it in exasperation every time.

Many would just say get a new hair dryer for $20 or $30. And while that sounds fine it wasn't the solution that I was happy about since it should last much longer than six months. Instead, I found packing tape and wrapped a piece around the end to hold the diffuser on. It didn't fall off once as I finished drying my hair.

I will admit this solution was probably more out of desperation than frugality or anything else. I know prior to making a quick run downstairs for tape, I was making plans to buy a new hair dryer in the coming hours. And I was annoyed I was going to have to do that. But the falling of the diffuser multiple times a minute called for desperate measures. And that solution is going to keep me from spending any money on a hair dryer in the near future. Could be years in fact!

Do you have any stories of where you found a free or low cost solution to something that you could have spent money on? I know I have had others over the years, and they are always satisfying!

Spending Has Been Low

July 26th, 2019 at 07:47 am

Our spending has been fairly low again this month. Right now I still have $500 I have not yet allocated to any category in YNAB. We may do some clothes shopping this weekend. I need a few things. And our youngest daughter who will go back to school in late August needs a few things. For all I know we will spend most of it this weekend, or sometime in the process of getting the girls settled into a new year. I would love to save it, of course! Hopefully it will be a balance between buying needs and saving.

I did cash out my PayPal account for $27.61. This is from eBay sales and I think one $3 Pinecone survey.

I need a few more points with Fetch to cash out for $15. I will likely claim a $15 Amazon gift card, as there are bound to be some things shipped from there in coming months. My referral code for that super easy earnings app is FQ8U1 you enter during sign up. You get some extra points, as do I if you use my referral code.

I will make a note here that the Army travel payment we received earlier this month actually needed to cover another charge on my husband's government travel card in the amount of $81.80. So instead of having $292.05 go to us the amount is actually $210.25. Still pleased to have received these funds that we can put towards our goals.

Has your spending been low or high for the month of July?

Let's Talk Dollar Tree

July 24th, 2019 at 07:53 am

I don't shop at Dollar Tree often. However, I was there yesterday and made a note of a few things worth buying there. If you don't know, everything is $1.

Yesterday, I bought an 8 pack of Hallmark branded notecards for $1, that's a deal!! I have in the past purchased their single cards (also Hallmark). Some are $1, others are 2 for $1.

I also bought four new metal food dishes for our cat. She has two places we feed her (wet food in the kitchen and dry food upstairs). The food dishes we had for nearly 14 years had the rubber piece on the bottom falling off. They just dry rotted basically.. I was thrilled to find these for $1 each.

I would probably consider buying gift bags if I bought lots of gifts. They also seemed to have lots of variety. I think some of their party supplies are possibly cheaper than Walmart, but maybe not all. You can get a mylar balloon filled with air for $1.

I noticed they had lots of organizing bins, hooks and shelves. Some did look low quality, but some seemed really nice. So that might be hit or miss.

If you are ever in pinch for reading glasses, you can get them for $1. I did try a pair or two, but they didn't hold up long term. I eventually did make an investment in better ones, but if I were on vacation and lost mine, I might pop into a Dollar Tree store.

You can get foil baking pans, some in multiples for $1. I have bought these before and the quality was just fine.

What have your purchased at Dollar Tree that you think is good deal? What have you purchased there you were disappointed in?

Frugal Things

July 17th, 2019 at 07:42 am

As best as I can remember, I only had to throw out at most two cups of watermelon this past week. I had purchased a very large one for a picnic we were going to attend. We were eating it ourselves since we missed the picnic due to my husband's travel I mentioned last week. It turned bad before we could finish those last two cups.

I made a point this past week to use up some things in the fridge as part of my meal plan. I had an opened can of olives, some green onion, half a bag of frozen peas and carrots, a partial jar of tahini and a lime that were top on my to use up list.

I have been using dish soap and vinegar as my primary bathroom cleaner for about a month. It works really well. I have to be careful not to spray too much on or it gets really sudsy! I already had all items, including the spray bottle on hand, when I decided to try it out.

I found and used three coupons at the store yesterday and saved $2.00. I think I will pull $2 from the grocery category and dump it towards our goals.

I saved some money and will continue forward by stopping the use of shampoo on my hair. I'm a curly hair girl, and recently read some things about the Curly Girl Method, which basically says to stop using shampoo. I've done this before with good results. Not sure why I went back. My hair is feeling thicker and curlier after just a week and a half.

I saved some bacon grease to use for cooking other things. We don't eat a lot of bacon, and I usually just wiped up the grease with a paper towel in the past. I thought I'd try it out. I use all sorts of oils; olive, ghee, coconut, and butter. So this is just a little extra to add to my stash of options.

I did make the chicken broth I mentioned last week. I have not yet used it. I will need to make a point to do that soon, or get most of it frozen.

I think that is all I have to report. Unless you want to hear about all the things we don't buy that many Americans do! What frugal things did you do this week?

An Extra $500?!

July 16th, 2019 at 08:04 am

Hmm, just balanced our budget after this last pay period and we had an even $500 left! I'm starting to wonder if i missed something. I do know there wasn't much activity, driving, eating out or spending this first half of July, but to have an extra $500 seems surprising.

I put it into the Emergency Fund category of YNAB, which brings that balance to $1,392. I tend to sweep extra funds in there lately when I'm not sure exactly where to allocate the money. I do like a little cushion.

I did remember after I put the $500 there that I was short for one daughter's fall tuition payment by the due date, but was just going to borrow from other areas and pay it back the following month. Actual shortage $521. So I suppose, I should be proactive and drop that money there. As a result I may be able to adjust the future monthly allocations to her tution down by $100 each month.

As I'm pondering this problem, which yes I know is a fantastic problem to have, I'm thinking I might rename the category, Slush Fund. I might try to maintain it at $1000, anything I drop in there over $1000, should then be swept into our EF earning interest. I think I've been putting more money in there lately as because I've been seeing this year as more expensive, but in some ways it hasn't been that much different.

On the other hand, I sort of want to sweep it all over (minus the $500) to pay back that down payment we made on our daughter's car. Things to think about at least.

Travel Reimbursement In Our Favor

July 14th, 2019 at 07:14 am

My husband had what was supposed to be a one night trip for work last week, unfortunately due to flight cancellations it turned into two nights and he flew into a different airport, specifically on July 4. It was not the holiday we had planned.

I had to drive our vehicle to pick him up about 90 miles away. As a result he received additional per diem and mileage for the use of our personal vehicle. He also did a really good job of keeping his dining expenses low, taking advantage of the USO in the airport primarily and having one dinner with friends who ended up paying, while he was in town.

We made $292.05 on the trip. That will be used to repay ourselves for the car down payment. At the rate we are finding money it seem this payback is going to happen much faster than I expected!

I recently redeemed Swagbucks for a $25 Amazon gift card. I stocked up on Vitamin D with the gift card and set aside the $25 I would have spent out of pocket towards our current goal.

And finally, I redeemed $20.95 in rewards from US Bank and expect that we will have American Express Rewards to redeem in the next week as well.

Electricity Refund

July 11th, 2019 at 04:53 am

Our housing payment on this military installation covers utilities, unless we go above the normal range compared to other units our size by 10%, then we would pay the difference. The opposite is true, if we go below the normal range we get a refund.

We received our refund for service from mid April to mid May this week. It was the highest we have had yet at $53.18. This is going towards paying ourselves back for the car down payment. I have seen our fellow neighbors posting how low they keep their air conditioning and while we drop it at night for sleeping, we do adjust up during the day because otherwise I would need to wear a sweater to keep warm!

Just this morning I received notification of the mid May to mid June period. Our credit will only be $11.85. That is not enough to receive a payout next month, but it will be added to any future credits, or money owed.

I'm thankful for all money, snowflakes, that fall in our favor!

Retirement Milestone

July 7th, 2019 at 06:40 am

Our retirement accounts hit a new milestone on July 3, 2019. We have crossed the $600K mark. Considering the value was under $500K at the end of 2018 because of the market drop last fall, it feels good that the markets have rallied once again.

If you have no retirement, at least start researching types of investments. Understand fees. Understand risks. Put some numbers into retirement calculators to see how your money can grow.

If your employer offers a retirement plan, set up an automatic investment there. Automatic investments with your employer keep you from spending your money before you get it invested. Automatic investments from your checking account are also great as you never forget to invest.

Just 13 years ago our retirement accounts were just $25K. It's hard to fathom when you first start that you will make it to $100K. But consistent dedication to investing does pay off.

Big Goal Savings: June

July 2nd, 2019 at 04:58 am

If you didn't see my previous posts, take a look. I had to revise May progress, luckily in the right direction. Starting this month, I will be reporting Big Goal Savings as well as our progress paying back the $3,000 car down payment that came from our savings.

Here's the money we are applying to our Big Goal this month.

NFCU Interest $119.42
FNBO Interest $66.62
USAA Interest $0.02
6/1 Paycheck $175
6/15 Paycheck $175

$536.06 June Big Goal Total
$5,876.72 2019 YTD

$68,326.12 Previous Big Goal Balance
$68,862.18 New Big Goal Balance

34.43% of $200,000 Target Goal

Side note, that is an average of $979.45 per month. The average is likely going to go down until we pay ourselves back for the car down payment. Sometimes I'm just amazed at how things can work out if you stick to the principles of regular savings or paying off debt.