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Not a Spending Reduction, but a Spending FAST!

September 22nd, 2015 at 06:16 pm

It was way worse than I thought. Even after entering the $450 extra($200 bank bonus, $200 from mom, $50 from Swagbucks) I STILL had to take money from my slush fund to get rid of the red in multiple categories.

So for the remainder of September, unless it is an *absolute* necessity, I will not be spending one more penny. (Okay, I still have to do one more transaction for my checking account to get 2.5% - but that will be a less than $5 transaction.)

In October I can't make it a fast because I've already agreed to going away overnight with NE. Hopefully we can keep the expense to a bare minimum though.

I think I will bow out from the children's conference though - that's $40 I can't afford right now - not with the MAJOR overspending I did this month. I also am going to skip the mani-pedi - that money that was budgeted is going to pay for overspending in other categories.

I really let the stress of the property manager get to me overly much ...

October will be a 3 paycheck month so I can replenish the slush fund, and almost finish the EF. It makes me sick to know that had I not done this, I would be able to finish the EF and get a good start on the car fund in October.

--
I tried to cash out my iBotta tonight but it just kept spinning and spinning after I clicked the link to confirm my paypal account. I have $27.25.

I did cash out Pact for $10.

I also cashed out another $25 in PayPal from Swagbucks tonight.

PerkTv is driving me nuts with this ad that keeps freezing - if it wasn't for that, I'd be really close to my next $25 AGC!

---
I'm trying to figure out if I'm correct ... If I have $10k in an account which earns 2.5% interest, that would be $250??? Or would it be $25? If the first number is correct ... then that just boggles my mind. It really seems to me like that first number should be correct ... If it is ... then my EF will be finished much quicker than I imagined, and my car fund will be getting started really soon!

(I also think I could persuade my bf to do the debit card thing for me if I gave him $50/month off of whatever he used it for to do it. That way I wouldn't have to dream up 12 reasons to use it in my own transactions, while at the same time making sure to get my $500 spend for Discover.)

10 Responses to “Not a Spending Reduction, but a Spending FAST!”

  1. Kiki Says:

    When I had to do the multiple purchase thing I just broke my grocery shopping order into multiple orders. everyone assumed I was shopping for others - I just never dispelled them of that idea.

  2. creditcardfree Says:

    2.5% interest on 10K is $250, but not in one month. (.025/12)*10,000 for one month, so about $20.83 per month.

    Good tip, Kiki on the multiple purchases!

  3. creditcardfree Says:

    I'm assuming you mean 2.5% APR (annual percentage rate), thus why I put the 12 months in the calculation.

  4. FrugalTexan75 Says:

    Kiki - that is a good idea, just hard for me to do. (As in actually doing/remembering to do ...)

    CCF - Okay .. that makes so much more sense. The $250 number just seemed way too far out there, so I figured there must be something I was missing. Smile Still, an extra $20 a month isn't too bad. Big Grin

  5. FrugalTexan75 Says:

    I'm not really sure ... it's for the checking account. I'm guessing it's annually. Guess I will see for myself on the 30th. Smile

  6. creditcardfree Says:

    Glad to help! Smile

  7. My English Castle Says:

    I think you can do this, Laura. We're doing some budget squeezing here too. Let's cheer each other on.

  8. snafu Says:

    I'm wishing you well in your quest to get the numbers to your desired goals. I too am crunching numbers while spending big bucks on super expensive meds. Best I can tell, a clerk at medical insurance is choosing to decline the newer, 'not yet on her approved' list. She is requiring that I pay the whole sum in advance and submit, then re-submit evidence from specialists that justifies the cardiac surgeon's choice of drugs.

    I find distraction is an effective tool. I'm busy working out routines to get various tasks done via small baby steps. It's keeping me busy, feeling like I'm accomplishing goals without spending a dime. Meals are simple but using what's already at hand. Might be odd combinations but I type an ingredient in the 'search' box of www.cooks.com and substitute as required. This week I've cleared summer stuff out of the entry closet and am pulling fall jackets from the vacuum/space bag. I figure they may 'hang out' wrinkles or I'll need to do something drastic like wrap in a damp sheet and iron. Next up I'll tackle the bdrm closet.

    If you're truly interested in buying a house, you might enjoy doing some serious research on what you need to know, what you need to do, what order, what is important, what's not and why.

    Finally, what free entertainment is being offered in your community that you might like to try?
    I'm confident you'll meet your September frugality goal.

  9. VS_ozgirl Says:

    Snafu I hope you get better soon (or is it your husband?)

    FrugalTexan what about giving yourself a mani-pedi? Good luck with your spending fast! I spent four months on a spending fast between October last year and February this year.. It's not fun but you can do it

  10. starfishy Says:

    good luck - you can do it! Smile

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