I have made more progress on my 2019 goals. My cc #1 balance is now $129.00 lower than last week. Woo-hoo!
I am making some changes to the wording of my goals and blog entries so the amounts of what I have and owe is not so specific.
DONE!! 1) Purchase a used car with saved funds and tax refund by the end of February.
2)Pay down balance on cc #1 by $3000.00 and increase regular savings by $1000 by December 31st. I still have $2K to go on the cc and about $500 to go on the savings.
3) Continue to eat super healthy by growing some of my own food and buy some at the farmer’s market and stores.
4) Contribute any coupon or sales savings to credit card payoff. This is a money game I play.
5) I will also contribute any funds I get from rebates to credit card payoff also.
I finally got my tax refund on Tuesday.
Today, I bought a 2007 Chevrolet Impala with cash. I have not had a car in such good condition in years. I had this car fully checked out by mechanics and it passed completely with a couple of minor exceptions that are easily fixed. It needs new brakes and new windshield, mostly. The rest is just basic maintenance stuff. I am so relieved and proud to have accomplished this goal. It's good thing I found a car in such good shape, because my old car no longer starts as of yesterday.
I just went and had my taxes done.
We are getting $1066.00 for our federal return and $118.00 from the state.
These additions alone will bring the car savings up to $7467.08. They said it could take 6-8 weeks to get our return. [Insert frownie face here.] But in the meantime, I will be adding in more to that sum.
As my Grandma used to say, I'm cooking with gas now!
I am making more progress on my plan. I just got a survey payment of $11.35 today. That brings my car savings balance to $6283.08. Woo-Hoo!
I get paid tomorrow. This is my progress of my 2019 Financial Plan.
1) Transferring $80.00 to car savings, bringing the car savings balance to $6251.73. Woo-Hoo!
2) Payment to cc 1 $20.00. I will be paying an additional $93.81 on February 1.
3) Coupon savings and cash paid to grocery bill $11.00. I transferred this amount to car savings and it is included in #1 above.
4) I am also using the money I normally use to pay for mowing in the summer ($50.00 every 2 weeks) towards the car savings until we buy a car. After that, I will pay it towards the credit card. That $50.00 is in addition to what is listed in #1 above.
1. Establish a budget in whatever format is useful to you. It should be portable enough for you to access when out shopping. I put my budget on a 4x6 index card with amounts for each category. When I exhaust a category, I line through it and write the date.
2. Pay yourself (put money into savings and retirement) and pay all bills before buying anything else.
3. Limit most purchases to what is needed.
4. Before doing regular grocery shopping, do an inventory of all cabinets, fridge, and freezer.
5. Use cash to pay for small purchases, such as snacks from a convenience store, etc.
6. Use any remaining cash to pay towards weekly grocery tab. Pay an equal amount towards savings or debt, if you have any debt.
7. Use grocery store loyalty card to get discounts. Pay an amount equal to the coupon savings to savings or debt, if you have any debt.
I will update this as I think of more things to write.
1) Breakfasts - eggs, piece ham or chicken, raw veggies like cucumbers or peppers, banana, almond milk
2) Chili - 2 suppers
3) Scouse - leftover - 1 supper for 2
4) Meatloaf - leftover - 1 supper for 2
5) Burgers and roasted veggies - 1 supper for 2
6) Tuna Salad and side of veggies - 1 supper for 2
7) Salads with ham, chicken, or tuna - 4 lunches for me
8) Tuna and guacamole with carrots - 2 lunches for me
9) Lunch Out - 1 lunch for me
10) Stir with chicken sausage and veggies - 1 supper for 2
11) Salmon patties - 2 lunches for DH
12) Shepherd's Pie - 4 lunches for DH
13) 1 leftover lunch for DH
I have been having a hard time writing 2019. It does not seem like it should be 2019. Anyway, when I wrote my last entry with my 2019 Financial Plan, I put 2018. ha-ha! I have fixed it now.
I am creating a Financial Plan for 2019, not a resolution. I have found resolutions to be too wishy-washy and not specific enough. For example, a lot of people say they want to lose weight or get out of debt, but there is no follow up or plan behind that. The goals must be achievable, measurable, and have a date or “ongoing” attached. So, here is my plan with notes on the steps needed to accomplish it.
1) Purchase a used car with saved funds and tax refund by the end of February. I need about $7000.00 to buy a car in decent shape and pay tax and registration. I have about $5937.00. My tax refund should be at least $1000.00 and I will be putting in at least another $210.00 in savings from payday savings. I also estimate I may get around $100.00 (yes, it’s in that bad of shape) for a trade in. All of that should put my balance over $7300.
2)Pay down balance on cc #1 to $2000.00 by December 31st. To that, I need to pay $228.00 per month on this debt. I currently pay about $200.00, so this will be a bit of a stretch.
3) Continue to eat super healthy by growing some of my own food and buy some at the farmer’s market and stores. Doing this, especially growing my own vegetables, makes a considerable difference in food expenses overall. I will contribute the estimate on what I would save to credit card payoff. Ongoing.
4) Contribute any coupon or sales savings to credit card payoff. This is a money game I play. Ongoing.
5) I will also contribute any funds I get from rebates to credit card payoff also. Ongoing
1) I have kept emergency savings well over target figure for nearly a year. Woo-Hoo!
2) I have dutifully contributed to savings every payday.
3) I am close to having enough to buy a good used car.
4) I have saved money with coupons and grocery store sales, enabling me to put more into savings and pay more to credit cards.
5) The mortgage is significantly reduced.
6) I have been able to eat good, organic food for much of the year through growing some and buying some. This enables me to stay healthier.
7) I paid cash to replace a dishwasher this year. Update: I forgot that I also replaced a tv and computer monitor with cash this year.
8) I have been recommended for promotion. If that goes through, I will get a significant bump in pay.
9) I paid cash to attend a work related conference and make a presentation. I received a $100.00 award for my presentation. (WooHoo!!!) I was also reimbursed in full for my costs in the trip. I deposited my "loot" into my professional savings account for my next trip.
1) I was not able to buy a good used car to replaced my current car this year. Good used cars under 100K miles that are affordable are hard to find. I think this will be resolved when I have added more funds from the next 4 paychecks and get my tax refund.
Hi, everyone. I got paid today.
Retirement and savings are up. Debt is down. Here is my update of retirement, savings, and debt. Woo-hoo!
Slush Fund $20.00
Regular Savings $1595.10
Car Account $4307.93
House Account $579.70
Professional Account $318.38
Medical Savings $140.26
AAA/Car Tax Savings $43.01
2018 Tax Prep $18.03
Escrow Account $43.00
Appliances Replacement $27.00
Retirement account $121,033.90
Hi, everyone. I got paid today.
My car savings fund is up to $4212.43! My goal is to have at least $7K when I go to buy a car.
cc #1 is at $5483.62.
It is now at $4127.25! I am so excited.
The car replacement fund is at $4,062.25. This is not counting future anticipated funds or the value of selling or trading in my car.
cc #1 is at 5597.43!