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Viewing the 'Savings Game' Category

Payday and 52 Week Challenge Progress

January 28th, 2016 at 11:35 am

I get paid tomorrow. I have already paid both cc bills, allocated for 1/2 of the mortgage, and made out a deposit to savings.

Old 52 Week Challenge Balance: $379.04

cc #1 payment $50.00
cc #2 payment $20.00
House savings $30.00
Regular Savings deposit $40.00
Professional savings deposit $20.00
Escrow savings deposit $2.00
Tax/AAA Savings deposit $7.00
HVAC Savings deposit $5.00
Slush Deposit $20.00

New 52 Week Challenge Balance: $573.04

Payday, 52 Week Challenge, and Car Issues

January 15th, 2016 at 04:46 pm

Hi, everyone. I got paid today. I have already allocated for 1/2 of the mortgage, mailed a deposit to savings, and paid the gas and electric bills. I also made a $75.00 payment to cc #1. Here are my numbers.

Prior 52 Week Challenge Balance: $5.00

$ 40.00 Regular Savings Deposit
$ 20.00 Car Savings Deposit
$ 20.00 House Savings Deposit
$ 2.00 Escrow Savings Deposit
$ 2.00 Professional Savings Deposit
$ 2.00 HVAC Savings Deposit (for eventual replacement)
$156.60 Principal Paid on Mortgage
$ 75.00 cc #1 payment

New 52 Week Challenge Balance: $322.60

As for my car issues, my car had made a weird noise a couple of times recently. It sounded to me like the starter. When I called a mechanic, I scheduled an appointment to bring it in. I had him listen to the sound. He got a weird look on his face. He said it sounded to him not like the starter but the fly wheel. Anyway, the mechanic said later that to fully diagnose would take a minimum of 8 hours labor at $70.00 per hour. That's not counting the cost of the part needing to be replaced or labor for replacing them. Ugh. I have been so careful with this car because it has a slight oil leak and power steering fluid leak and have watched those like a hawk, but had no idea about this.

52 Week Challenge for 2016

December 31st, 2015 at 11:29 am

Hi, everyone.

It looks like everyone who participated in the 52 Week Challenge in 2015 had tremendous progress on their goals. I, for one, have really enjoyed the 52 Week Challenge this year and also the support from all of you on my goals. My goals listed below for 2016 are primarily concentrated on debt payoff again, but I will also be saving money too.

1) Increase my retirement contribution by 0.15% in January.

2) Continuing contributing to savings as normal.

3) Continue making cc #1 payments of $100.00 per payday and also $67.48 out of my husband's monthly check.

4) Contribute any survey money, rebates, etc. towards cc #1 payoff.

5) Grow as much of my own food as I can and buy as much other food organic as possible through local or other sources. This will help me to eat as clean as I possibly can for my own health. I also intend to save some produce as I possibly can with a Foodsaver. I know I can do carrots this way.

6) I will continue using the fountain card as a way to challenge myself to spend as little as possible on beverages while I am at work. I will funnel my savings to cc #1.

7) For awhile, I have been using my pocket change as a way to pay part of my grocery store bill. I will continue this.


Here is the link to the chart you can use. I did not use the chart, as I needed to contribute specific amounts to accomplish my goals of debt payoff.

[url]http://www.savingadvice.com/articles/2013/01/23/1013883...

Who would like to participate in 2016?

Payday and 52 Week Challenge Progress

December 30th, 2015 at 01:11 pm

Hi, everyone.

My payday is tomorrow, because Friday is a holiday. More money is going to debt, savings, and retirement. Here are my numbers. I have already paid the trash bill, water/sewer bill, and allocated for 1/3 of the mortgage.

Old 52 Week Challenge Balance: $5863.18

$40.00 Regular Savings Deposit
$60.00 Car, House, Car Lic/AAA, and HVAC Savings Deposit
$100.00 cc #1 payment
$3.00 Pinecone payment to cc #1
$20.00 slush deposit
$66.70 DH's payment to cc #1

New 52 Week Challenge Balance: $6152.88

52 Week Challenge Progress

December 30th, 2015 at 06:21 am

Hi, everybody.

I got another Pinecone deposit. I am forwarding it directly to cc #1 as we speak.

Tomorrow I and my husband both get paid and will be paid and I will send $100 and $66.70 to cc #1 also. I have to go out of town for a bit today and will spend a little bit, but whatever is leftover I am sending to cc #1 also. By the time I pay that and account for my savings deposits, I will be breaking $6K on my 52 Week Challenge this year! Woo-Hoo.

I am so happy I made it these past two weeks without having to break out the credit card for an "emergency" as a result of my doctor's visits.

See you tomorrow for updates!

2016 Goals

December 21st, 2015 at 05:10 pm

My resolutions, financial and otherwise, will be:

1) Increase my retirement contribution by 0.15% in January.

2) Continuing contributing to savings as normal.

3) Continue making cc #1 payments of $100.00 per payday and also $67.48 out of my husband's monthly check.

4) Contribute any survey money, rebates, etc. towards cc #1 payoff.

5) Grow as much of my own food as I can and buy as much other food organic as possible through local or other sources. This will help me to eat as clean as I possibly can for my own health. I also intend to save some produce as I possibly can with a Foodsaver. I know I can do carrots this way.

6) I will continue using the fountain card as a way to challenge myself to spend as little as possible on beverages while I am at work. I will funnel my savings to cc #1.

7) For awhile, I have been using my pocket change as a way to pay part of my grocery store bill. I will continue this.

Payday and 52 Week Challenge Progress

December 19th, 2015 at 10:53 am

Hi, everyone.

It was payday yesterday for me, so I have already allocated for 1/3 of the mortgage (in a 3 payday month), allocated for car insurance, and paid the electric bill. I also found a penny on the ground outside a store today. I used $0.69 I had in pocket change to pay for part of my grocery bill.

I got my latest mortgage statement and I paid $155.36 in principal last month. Woo-hoo!

So, here are my update 52 Week Challenge numbers.

Old 52 Week Challenge Balance: $5592.82

$20.00 slush deposit
$40.00 regular savings deposit
$50.00 cc #1 payment
$155.36 principal paid on mortgage

New 52 Week Challenge Balance: $5858.18

I will delay making more cc #1 payments until the end of the coming week because of some other expenses.

I will not be going anywhere for the holidays or having company. My challenge for the next two weeks will be to make as many meals as possible from the food I already have. I will have about $135.00 unexpected expenses at a chiropractor in the next two weeks and want to make sure that does not impact the food budget or other areas unnecessarily.

As part of my recent exercises in gratitude, I have come to realize that whatever my problems, I am incredibly blessed. I have a husband who loves me, friends, a job, a car to get around, money to buy what I need and some of what I want, and the ability to grow food. In the past six months, I have donated food, pet supplies, household goods, clothing, and other items to 1) my college campus's food pantry that serves students in financial need, 2) a local domestic crisis center, 3) the local humane society, and 4) my college campus's office that serves international students.

Another Payday and 52 Week Challenge Progress

December 3rd, 2015 at 06:19 pm

Hi, everyone.

I get paid again tomorrow, so more money is going to debt, savings, and retirement. I have already written checks for the gas bill, savings deposit, internet/phone bill, and allocated for slush deposit and 1/3 of the mortgage. I get paid 3 times this month, so I am dividing the mortgage up into 3 parts.

Prior 52 Week Challenge Balance: $5371.68

$20.00 Slush Deposit
$40.00 Regular Savings Deposit
$20.00 House Savings Deposit
$20.00 AAA/Car Tax Savings Deposit

New 52 Week Challenge Balance: $5471.68

I will also make a larger than normal payment to cc #1, but I have not decided on the amount yet.

Payday and 52 Week Challenge Progress

November 20th, 2015 at 07:18 pm

Hi, everyone. I got paid today and so more money went to debt, savings, and retirement. I am doing so much better than I ever dreamed I would on this challenge. For the first time in well over a year, the regular savings account is over $1,000.00. Woo-hoo! I have worked really hard to get it there.

Prior 52 Week Challenge Balance: $4919.02

$40.00 Regular Savings Deposit

$20.00 Slush Deposit

$22.75 cc #2 Payment (made a purchase on the card - this brings the balance to $0)

$50.00 cc #1 Payment

New 52 Week Challenge Balance: $5051.77


I have also been stocking up on some foods that we use a lot when I see them on sale. This has helped me to level out the grocery budget better. I have also had good success with the fountain card this week. I will likely be making another $5.00 payment to cc #1 next week.

Payday and 52 Week Challenge Progress

November 5th, 2015 at 05:34 pm

Hi, everyone.

My 52 Week Challenge is going great, better than I ever even dreamed. I feel so blessed. With Thanksgiving coming up, I feel that I should recognize that I am blessed with, among other things, 1) good health, 2) finances in good shape and improving, 3) friends, family, and a husband who all love me, and 4) a good job.

Old 52 Week Challenge Balance: $4727.02

$40.00 Regular Savings Deposit
$20.00 Car Savings Deposit
$20.00 House Savings Deposit
$15.00 AAA/Car Tax Savings Deposit
$75.00 cc #1 payment
$20.00 slush savings

New 52 Week Challenge Balance: $4917.02

My challenge to limit trips to convenience stores has worked out famously with only 2 trips this week as opposed to daily trips previously, sometimes multiple times per day. All other food and beverages have been brought from home, prepared at work using teabags I brought to work with me, or purchased at work using my new fountain card.

Payday and 52 Week Challenge Progress

October 22nd, 2015 at 06:05 pm

Hi, everyone. I get paid tomorrow. I have already allocated funds for 1/2 of the mortgage and written out checks for a savings deposit, the trash bill, and the water bill.

Prior 52 Week Challenge Balance: $4552.02

$40.00 Regular Savings Deposit
$5.00 AAA/Car Tax Savings Deposit
$5.00 Escrow Savings Deposit
$23.00 House Savings Deposit
$22.00 Car Savings Deposit
$75.00 cc #1 payment

New 52 Week Challenge Balance: $4722.02