I am not very sucessful at the one spend day a week. I find it too tiring to do all my errands and shopping on the same day. Today I bought a top in the Orphans Aid charity shop for $3.50. Since I didn't really need it I put an equal amount in my Trans Siberian money tin. I now have $72.30 in there. All those small amounts add up.
Viewing the 'Savings' Category
pasta 70 cents
My travel account had built up more than $5,000 so I transferred $300 to the EF. I now have over $3,000.
left in my cash envelopes:
change dish 70 cents
mta vouchers $50
bus pass $21.95
I have calculated that I am currently spending a total of $210 a week. Multiply by 13 and that is $2,730. So I already have 3 months of stringent living expenses in my EF. I want it up to $10,000 to cover any major house repair expenses or having to fly overseas to sick family members.
I had $362.85 left in my checking account so transferred $300 to the EF and left the rest as a buffer. If I can keep saving $300 a month I will hit my goal in 2 years.
Payday. There are 5 paydays this month. I went to Veggie Boys and bought over 2 kilos of carrots for $2.49 and just under a kilo of kiwifruit for $1.87. I also went to New World and bought 2 liters of canola oil for $5. That's all I need for the rest of the week.
I transferred $300 from my check account to my emergency fund. Now up to $2,383.38
Payday. I picked up my prescription, $15.
I want to change my broadband plan but can't ring the 0800 number from my cellphone. Today I got to a landline but forgot to bring my account no with me. They couldn't find me under my name or cellphone no, and their system doesn't search for addresses. So I'll have to ring back next time I get to a landlne.
When I pay bills I enter the amount rounded up to the nearest dollar n my checkng register, for ease of math. This morning I balanced the account and realised I have $28.86 more than I budgeted. Think I'll leave it in there as a buffer.
Payday. A whole $289.61 into my account. The electrician's bill finally arrived so I paid it right away, $222.63. Still left with well over $2,000 in the House maintenance a/c.
I had almost $500 in my check a/c so transferred $400 to my FFEF. I now have $2.082 in there.
I went to Knit Squad this afternoon and made a gold coin donation. I also put a dollar from my misc money into my Trans Siberian trip money tin. If I put a dollar in there every week I'll get there in a hundred years! But if I don't start saving something I'll never get there.
And I bought another cabbage and 4 cans of beans at a dollar each. It's a good job I like cabbage, and it can be cooked in so many ways.
Today I increased the excess on my house to $5,000 and lowered my premiums by $300 per annum. I can afford to pay for small repairs, i'm only insuring against catastrophic loss. I have only made one claim in the last 30 years.
I happened to be at the other end of town today and while I was there I looked in their local supermarket. Prices are around .10 cents per item lower than mine, but i didn't want to carry a whole load of stuff home on the bus. I did buy 2 kilos of salt for $1.90 and put the saved dime in my change jar.
Yay! my FFEF is completed, I have $10,000.89 in an online savings a/c, earning 3.15%, just for emergencies.
I was going to buy a new raincoat, but decided fully funding my EF took priority, so transferred $113. I am now tantalizingly close to my goal. What else can I postpone till nearer winter?
So I cleaned out my wallet. $5 to Christmas Club, $5.80 to House repairs/renovation a/c
I am having such fun with the 52 week saving challenge and seeing the money mount up in my Ef, that I am starting another one. This time I will be saving cash, starting with $1, to spend on my trip to India. As I will be going in December, I won't be doing the full 52 weeks, but i should get over $1000.
Another $8.40 into the House a/c. Total is now $3,338.70. Hoping to get up to $5,000 by the end of the year.
I had $15.30 in my change jar. I was going to save all year to see how much it added up to, but i don't feel comfortable keeping lots of money round the house. Someone my steal it, or I may steal it from myself. Besides, I want even the tiniest little bit of interest earned on my money. So i banked it in my House account, which is the one I use for repairs and renovations, replacing appliances and all the sort of thing. I currently have $2,298 in it.
This morning I put $5 into my Christmas Club. Never too early to start preparing for the holidays.
today I spent 0, and found .20 cents to put in my change jar. I now have $12.30 in there.
I'd heard about this but hadn't gotten to doing it. Today I got given some Christmas money so I'm doing it in reverse. Just made my first $52 payment into my EF, which got sadly depleted this year, but still had some money in it, so now I have $2,449. I also have almost $5,000 in my Travel account which will pay for India, and I'm putting some aside for renovations at the new house eventually, only $10 a week at the moment, so will add the loose change to that account, which is also just over $2,000.
I have this big jar, the kind bodybuilder protein supplements come in, and my intention is to fill it with all my change from today till next Christmas. This will not be easy, since i'm planning on cutting out all non-essential spending I won't be going shopping very often, so I shall beef it up by adding my $1 coins. I put $4.20 in it today, but as the house is now full of all sorts of goodies, I shouldn't need to buy anything until the end of the year. Wow, a whole week without spending anything, wonder if I can do it.
I used to keep a buffer of $1000 in my bill paying account. Kinda baby emergency fund, a la Dave Ramsey. Now that I have almost $10,000 in my FFEF that is unnecessary. I decided to keep $500 in there, as that is roughly the amount of my monthly bills, and transferred the rest to my Financial Independence account.
The interest rate on the account my FFEF is in is increasing .25% to 3.75% pa. This gives me another dollae a month income on my current balance. I'm not going to spend it, but leave it to keep up with inflation.
I knew I could I knew I could...
save up nz$5,000 in my travel fund
chuff chuff chuff...
I'm spending next July in Britain
Sorry to have been MIA so long, but I had a bad fall and am slowly recovering. Medical costs have been quite high, and I had to cut back work hours, but I am happy to report that my 2010 goals are progressing nicely. I now have saved up $5,000 for my FFEF, am putting aside 8% of my pay into Kiwisaver, and am working on the travel to Britain fund.
This month's frugality has worked out well - I had a surplus of nz$500. I put $100 in the house maintenance account and $400 in the EF - and spent $2 on a packet of cookies to celebrate.
This morning I switched to a new package from my phone company. By combing my phone and ISP in the same deal I get twice as much Broadband, with no overage charges, and cheap calling rates to NZ and Australia any time of the day or night. Plus I'll be saving nz$1.30 a month. I decided to get rid of the call waiting feature too as I never use it - I think it's rude to ask someone to hang on while you talk to someone else - so that is another .50 cents a month saved. Yippee, 22.60 a year.
The weather has been so warm the last few days I didn't need to have the heater on. Yay for coming summer and lower power bills.
Piled higher and deeper. In cash, that is. This month I had 3 biweekly paydays and 5 weekly paydays, plus tax refund, so nz$1563.91 going into the a/c. That seems like sooo much money after what I've been living on. I now have $1482 altogether in my various sinking fund categories.
Clothes -20 (how did that happen?)
I have a trip to the dentist coming up soon, otherwise I'll just keep piling the money up.
I started the week with nz40.30 in my wallet. At the end of this week I still have $16. I didn't carry my ATM card with me - if I think I've got lots in checking, I'm too tempted to use it. But cash is great; you can see it disappearing.
So another $10 for the EF, and the rest in Christmas savings.
I have set up a monthly payment of nz$100 to be transferred to Bonus Bonds. It came out today. Otherwise nothing to report.
All I spent today was nz1.20 on chips as a treat for myself for being good this week. I still have $11.30 in my wallet, so will put $10 in the EF and the rest for Christmas.
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