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Payday Report for 3-22-19 and 3-8-19

March 22nd, 2019 at 04:00 pm

I need to get back in the habit of doing these again. I had a little bit more money go out than was in the paycheck, but was in the checking account. The actual amount of pay for the two week period is $3274.62. It is quite a substantial raise.

$327.46 Tithe
_400.00 Grocery Envelope
_300.00 Medical Fund
__75.00 Household Envelope
_441.41 Automatic Payments
__61.74 Life Insurance DH
__60.46 Life Insurance Me
_100.00 Blow Money Adults
_800.00 Monster Mom Loan
__95.00 Allowances Kids
_100.00 Holiday Fund
_523.67 Citi Visa
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3284.74 Total Money Out

So for the previous pay period the amount was 2687.71, but we also had the tax refund of $1349.00, so I combined those together for the budget and the total was $4036.71. I messed up the tithe by a couple of dollars but rectified that in the 3/22 budget.

$401.70 Tithe
_400.00 Utilities to Mom
_400.00 Grocery Envelope
_300.00 Medical Fund
__75.00 Household Envelope
_280.00 Chiropractor Family Plan
_108.91 Internet
__74.54 Garbage (We had extra pick ups and it's a 2 month bill)
_567.14 Car Insurance
__50.00 Car Maintenance Envelope
_100.00 Gas Money
__90.00 Allowance DS
_200.00 Clothing Envelope
_100.00 Laptop Fund
_500.00 Monster Mom Loan
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4036.71 Total Money Out

And yes, I do save money each month for car insurance, but I just left that in savings, because it was easier to pay it out of the income tax refund than to wait three days for it transfer between banks. It can be part of the EF now.

Payday Report for 11/16/18 Plus Lots of Miscellany

November 16th, 2018 at 06:00 pm

Been a while since I felt well enough to do one of these, but things are improving with the rheumatoid arthritis this week after about three weeks in full inflamation mode and I am typing with relative ease again, which is why I've been posting this week at all.

We had some overtime this week, 10 hours. All of it went to DH's crown, because it turns out our dental insurance didn't cover any of it, even though it said it would when they did the preauthorization. DH is going to talk to HR at work, because the plan they say they have they don't. So that means we have to come up with another $700 or so out of pocket.

I was able to put $600 into the medical fund instead of the usual $400 this payday, but that means that all of that will have to go towards the crown. Fortunately with this deposit there is $961 in the medical fund. We won't have the breathing room I had hoped for, but we will be able to pay for the rest of the crown.

I have done the budget for December and I am including the extra paycheck for November 30th onto that budget and not the November budget, since it is paying for December things. So on 11/30 I can put $400 into the medical fund and on 12/14 I can put in $700, and on 12/28 I can put in $900.

DS has a sleep study on November 26th (at least if they don't reschedule again) and I am not sure how much that will cost us. The family deductible is $2000 and DD has met $1000 of it (her limit), and I know I have met some of it. I think maybe $500. I know DD has met her out of pocket max, but I think that has a per person as well as a per family, too.

So I don't know for sure whether or not we will have any money left for next year's deductible. That $1500 for the crown instead of $750 is blowing us out of the water. Plus DH wants to get new glasses. He's more than due. At least the vision is decent, but it'll still be around $200. He's getting cheap frames no matter what. Nothing fancy. He's already cost us too much medical money with that crown, even if half of it had been covered.

Here's what went out today:

$319.93 Tithe
_400.00 Grocery Envelope
_600.00 Medical Fund
__75.00 Household Envelope
_596.31 DH's Crown (plus additional from last payday)
__61.74 DH Life Insurance
__60.46 Me Life Insurance
_100.00 Blow Money Adults
_120.00 Allowances
_100.00 Clothing Envelope
_100.00 Christmas Envelope
_172.84 Computer Fund
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3051.38 Total Money Out

DH purchased his new computer online today, so the computer fund is now wiped out. I'll start over in December, but I think at only at $50 a month. We were doing $100 because DH's was on it's last legs and it really felt like a race to the finish line on whether or not it would last until we had the money. His was five years old.

We all have newish computers now. Mine is the oldest at barely two years old and it is still in excellent shape, so there is no urgency to build the fund back up. Still, I want to have something going in there, and it is possible a phone could go and have to be replaced, though it is doubtful. I don't think any of them are a year old yet. Maybe mine. But it is serviceable. Who knows what the status of my computer will be in another year and having the money sitting there to replace it if it goes kaput is always the better option.

Car Insurance Due and How We Pay it in Full

September 21st, 2018 at 02:39 pm

I got my bill recently for the next six months of car insurance. I have been setting aside $100 a month every month in the Car Insurance Fund. The bill is $567.14 if paid in full. I save $67.66 by not paying it month to month, because they charge a convenience fee each month to do it that way.

Now, it still feels like I am paying month to month, because I have a line item on the budget for it each month and it still disappears from my checking account, but I would much rather do it like this and save that extra money. In order to get ahead like this, a couple of years ago we used some money from our tax return to pay the six months in full and then started saving each month after that. I know some budgets are tight so it would be hard to pay each month and save for the fund, but by doing it like this we didn't have to. We were able to immediately start saving into the fund that month.

So not only do I save that $67.66 off my bill, I also end up with a cushion of $32.86 sitting in the fund to start off with since I am slightly oversaving. Of course I don't know what the six months after this will cost, so if it goes up, we have that cushion, plus the next one if necessary to add to our in full payment. A little insurance on our insurance, if you will.

I do the same thing with other funds. Like right now I am saving $100 a month in the Computer Fund. I could get 12 months same as cash or I could save for several months ahead of time and have the money sitting there ready to go when the next computer or camera or phone other electronic device goes belly up. If the money is there, I can still choose to do the same as cash option, knowing I can pay it off at any time, or I can just pay it off.

Some people aren't so good at paying it off in the allotted time, but we have always been. I figure we might need it to jolly our credit report along at some point, since we are using so little credit these days. If we ever finish the debt payoff and save up enough to put a down payment on a house again, we will need a good credit score. So even if we do the deal and pay it off after three months, it activates the credit report. But the point is, I don't want to have to do it that way. I want to use it as a tool, not have it use me.

I think it is good to have sinking funds like this. It keeps you from being walloped by an unexpected, but really what should be expected, expense. We all know our cars will have insurance due every six months, but to many it is just a big surprise every time it happens because they don't budget for it. We all know computers break down, that Christmas comes every year, that the kids will need clothes and shoes. Budgeting as we go, so we don't get smacked with the expense, just makes sense. And it helps prevent using credit cards and getting further into debt, which is the most important thing, at least for us.

Payday Reports for 7/21 and 7/28

July 28th, 2017 at 11:27 pm

$2500.00 Citi (7/21)
__250.00 BCC
_3200.00 Citi (7/28)
__102.13 Life Insurance (DH and Me)
__801.46 Various Medical Bills
___90.00 Next Tuesday's Physical Therapy
--------------
$6943.13

So of the $5700 that went to Citi, $5000 of that was medical bills that I kicked down the road from my daughter's ER visit and my ER visit for the torn retina and the accompanying emergency laser eye surgery. I still have about $1200 to pay on Citi before the due date on the 3rd so that will come out of the EF and I'll pay it on the 1st when the money arrives in my account.

The rest of the Citi charges were groceries for the month. I still have an additional $3500 of medical bills that I put on the AMEX card that is due on the 14th, so I'll pay that off with the paycheck on the 4th. There will be just enough in the half paycheck on the 11th to pay for DH's travel expenses and the remainder of the August bills and then he won't get paid again until the next paycheck which won't be until September 1st.

Barring any more medical bills, and I honestly can't do that when things are still trickling in, we should be able to start paying back the EF. Not that that will last long if DH gets laid off again in October. His boss's boss is trying to find a place for him elsewhere in the company because they don't want to lose him now that he's worked for them. Wish they'd had that attitude last August, instead of putting us through 9 months of destroying every financial hope and dream we ever had of staying ahead, in loving partnership with the (Un)Affordable Care Act, of course. But whatever. I'm not bitter, she lied.

Nook Fund

October 24th, 2015 at 01:23 pm

$50.00 Initial Deposit

$350.00 to go.

Laptop Fund About to Be Funded Again

September 10th, 2015 at 09:00 am

As a side note, I am starting a Nook Fund next payday. DH really wants one and since we have been holding on not getting smart phones and because he travels so much AND because we have been talking about it for about a year and it doesn't seem to be an impulse want, I am putting it into the budget. I will call it the Nook Fund, but I will keep track of it in the category of Laptop Fund.

And speaking of the Laptop Fund, as soon as the Nook is funded and purchased, I will begin saving for a replacement laptop for my old Windows 7 machine. So far it is doing okay, but it has a couple of glitches. If you tilt the screen back too far it shuts off. I'm sure that means a loose wire. The fan doesn't always work and the DVD player is broken. When it does work it sounds like an airplane taking off, but most of the time it won't even start anymore.

This is not a deal breaker, as I have a portable USB DVD drive that I can use with it. The only DVD player I have access to is with my computer (and DH has one in his). I have a lot of series on DVD's that we own and many we can borrow from family and we get DVD's from Netflix because not everything we want to see streams, so it would be nice to have a more functional one. We don't have a TV anymore, so we don't have that as an option to hook up a regular DVD player.

So while I will muddle on with this computer until it stops functioning, I want the money in place for when it does.

Funds Update

March 28th, 2014 at 11:36 pm

$500.00 Property Tax Fund
__38.00 HoA Dues Fund
_300.00 Vacation Fund
_300.00 Appliance Fund (New Fund, not counting freezer)
2267.00 January 2015 Money Fund
1130.00 College Fund
_300.00 Aquaponics Fund
__72.00 Water/Sewer Holding Fund
_100.00 Laptop Holding Fund
_300.00 Christmas Fund
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4007.00 Total in Temporary Funds