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Home > August Financials & Another Budget Meeting & Interest is Weird

August Financials & Another Budget Meeting & Interest is Weird

September 3rd, 2016 at 09:10 pm

August was a spendy month in a number of categories - due to car repairs on DH's vehicle, and changing some grocery habits (i.e. buying more fresh produce since DH is actually eating it now!)

So ... the numbers: (expenses only == lots of money was put in various holding categories)

Mortgage/Extra - $0 (Was a month ahead in payments, so decided to distribute this money elsewhere.)
Natural Gas - 41.86
Electricity - $0 (paid August's bill in July ... Smile )
Phone - 60.67
Internet/Cable - 55.35
Groceries - Fast Food - 8.86
Groceries - 347.30
Car Fuel - 223.09
Tithe - 130
Giving - 30
Car Maintenance - 474.04
Clothing - 85.71 (mostly DH replacing jeans, shoes, belt)
Household General - 263.69 (bedframe, misc., piano bench)
Medical - 139.38
Pets-cats=food/litter - 59.10
Pets -cat-medical - 102.26
Pets - non cat - food.shelter - 70.34 (chicken cage, food)
DH birthday dinner - 40.84
Date Night = 17.30
Student loan - 53.51
Medical Debt - 1000

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DH requested that for the next budget meeting if it could be done on the iPad laying down he'd appreciate it. So thankfully YNAB's iPad app has much more functionality than the iPhone app..

We did our September budget meeting on the iPad while lounging on the bed. Smile We had about 500 more to work with this month due to DH not having any nights off for packing/cleaning his old apartment, etc. Still ... the money went fast!

We may be purchasing a vehicle for DH this weekend. He needs something that is good for delivering in the snow. The car replacement category and the car repair category got the most money for September.

For the medical debt, I'm looking for another credit card offer with a good sign up bonus. I have about 600 available in that category to make another large payment. Are there any spend $500 get $100 deals out there? Big Grin

We also bought DH a new phone - he found a used replacement for $10 on eBay. He currently uses a Keocera flip phone ... Smile He joked that he wanted an iPhone. I told him sure, if he could wait a few weeks til the new model comes out, then the iPhone 5's will be an absolute steal. Would be a good starter smart phone. Smile

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Ok, so bank account interest is weird.

In July we had just slightly less money spread between two accounts. Both qualified for the 2.5% interest. We earned a total of $28.50 between the two accounts.

This month all but about $1.5k was in one account. Only one account qualified for the 2.5% interest. We earned $41.86 in interest.

I really don't get how we earned nearly $12 less in interest having nearly the same amount spread between two accounts (maybe a difference of $900 in ending balances)

The amount we earned in interest this month is about what I'd figured we should have earned last month. So ...???

10 Responses to “August Financials & Another Budget Meeting & Interest is Weird”

  1. amastewa93 Says:
    1472937193

    Thats a really good amount of interest! Congrats.

  2. creditcardfree Says:
    1472944895

    Maybe I'll get an iPhone 5 if they are going to be cheap soon. Don't NEED a phone, but contract is up and I would love an iPhone.

  3. Bluebird Says:
    1472947638

    Great job on the August expenses, especially fast food and groceries!

  4. FrugalTexan75 Says:
    1472949407

    Thanks Amastewa. We've got a good bit of money being "held" in reserve right now for various projects/reasons. Car, fence, medical debt payoff, deductible reserves, etc. So once some of those things come to fruition, our balance is going to go way down. Smile But that's what the money is there for. So it's all good.

    CCF - I would suggest starting with a 5S if you can find one refurbished. You should be able to get at least two years out of it before the updates stop working - maybe even 3. My 4S is still accepting updates, although some of the apps don't work anymore on it. (I use it mainly for Perk, Swagbucks, and an MP3 player.)

    When the 7 comes out, ALL the earlier editions will be drastically cut in value. I personally would go for a 16GB version. I'm only now having issues with it not being enough memory - after having had an iPhone since 2009?

    Thanks Bluebird! The fast food was helped in that DH decided to try to beat his health issues by eating more healthfully. Smile

  5. Jenn Says:
    1472951407

    So glad to hear that the two of you are focused on fresh veggies. That's awesome! Groceries may be a little higher, but medical will be lower than it would be otherwise. And hopefully DH will feel better.

  6. FrugalTexan75 Says:
    1472951803

    Jenn,

    That's essentially what I told DH - that I don't mind spending more on groceries when it's due to buying more fresh produce. Smile Thursday night we stopped at a local store that mainly sells produce, and spent nearly $40 on cantaloupes, watermelon, bell peppers, sweet potatoes, apples, cauliflower, eggplant, zucchini, 1 1/2 lbs of cashews, 1/4 lb macadamias nuts. Smile There were some really good deals, but still, that was a lot to spend at once. Now I've to get it all cut up and used up. Smile Thank goodness for the long weekend!

  7. scottish girl Says:
    1472972327

    $17 for date night is good!

  8. scfr Says:
    1472994310

    Regarding the interest earned in July, a couple possibilities come to mind:
    Did the bank underpay you? (Check and ask for an adjustment if that is the case.) Was the money not in the bank the entire month of July? Or did you qualify for the 2.5% interest only part of the month of July?

  9. FrugalTexan75 Says:
    1472995029

    SCFr - I think you figured it out! DHs money didn't go into our account until July 19. That would be enough to account for the $12 difference.

    Thanks SG - it was one meal of takeout ..

  10. rob62521 Says:
    1473019906

    Even if it is difficult to figure out, that's great you earned that much interest.

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