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Home > Spending, A Woo Hoo!, and a couple ?'s

Spending, A Woo Hoo!, and a couple ?'s

August 1st, 2008 at 04:32 pm

Today's spending:

Gas: $3.73/gallon - 9.382 gallons bought
...........=$35.08 Odomoter: 104,433

Groceries: $30.59

Bought: red/green grapes, 3 bananas, 4 red del apples, 1 can mandarin oranges, lg cannister old-fashioned oatmeal, 5 16oz containers of egg whites, 1 32oz mixed frozen veggies, 1 box Morningstar veggie links, lg container Rice Dream milk, 1 sm box Junior Mints


Woo Hoo! Remember how in my last couple posts I mentioned about how I was trying to figure out whether I should go with the quarterly membership plan at the gym, or cough up the money for a full year?

Well, today near the end of my workout session with E, he confirmed with me that I do have the job (after work on Fridays 3 1/2 hrs) starting a week from this coming Friday. He also mentioned that since I'd be working at the gym, my membership would be FREE!

So, not only does that mean I don't need to pay for the quarterly fee (roughly $64), it also means that I don't have to put it in my budget to save up for the next quarterly due!



When I was doing my grocery shopping today, I noticed something that slightly annoyed me. First of all, Wal-mart has stopped carrying the large container of generic egg substitute. Wah! Secondly, the next least expensive brand that is in a large container cost $4.89 for 32 oz, while the 16oz containers cost $2.44/each. So, you would at first assume it would be cheaper to buy the 32oz version + greener (due to less trash) - but obviously you would be wrong!


I'm going to a Vegan/Vegetarian meetup brunch tomorrow. I'm planning on bringing a fruit salad, but I'm not sure if the mixture I'm thinking of will work right or not.

Here's the fruit I was thinking of: red/green grapes, sliced bananas, chopped apples, mandarin oranges, maybe some canned pineapple chunks?

Is there anything that I should take out? Or do you think all those tastes/textures would work ok?

Next ?

At the gym, I will be an independent contractor. This year I will make less than $600. Do I have to do a Schedule C for it? Or can it be listed under "other income" for tax purposes?

Next year, I would make a bit less than $1200. Would that be enough to make me have to pay self-employment taxes?

One more ?

Anyone have any idea why my Cruise 2010 ticker is so long? It's cutting part of my sidebar off! I checked the code and it looks the same as the other tickers. Weird.

16 Responses to “Spending, A Woo Hoo!, and a couple ?'s”

  1. greengirl Says:

    the only thing i would suggest with your fruit salad is to watch the pineapple as it tends to make things a bit 'fizzy' after awhile. but if it's going to be eaten straight aaway it should be fine Big Grin

  2. frugaltexan75 Says:

    Thanks greengirl. Maybe I can keep the pineapples out till the very last thing before leaving.

  3. scfr Says:

    Congratulations on the free gym membership! That's great.

    I wonder if adding a bit of the mandarin orange juice would help keep the apples and bananas from turning brown? (I guess that would depend on how acidic the juice is.)

  4. frugaltexan75 Says:

    Thanks Smile
    That's kind of what I'm hoping for - that the m.orange juice will help the other fruit from turning brown. The brunch is at 11, and I plan on leaving by 10:30 - so will probably make this about 10 a.m. So hopefully it won't brown too much in an hour.

  5. Lady T Says:

    On your cruise ticker, after you entered your data did you select small for the size option? I think it automatically defaults to large. That's the only thing I can think of!

  6. frugaltexan75 Says:

    Lady T,

    No, I don't remember clicking small. I will have to go back and see if I can find that option! Thanks!

    Update: Yay! That was the problem! Thanks!

  7. monkeymama Says:

    You can always just put income under "other income." But you put it in Schedule C so you can take deductions. Wink
    Of course, not sure if you will have any deductions for your gig. If not, "other income" is just dandy. Just don't forget the self-employment tax.

  8. frugaltexan75 Says:


    No, I don't think there'll be anything deductible. Smile So, self-emp tax starts at the first dollar earned as an indp. contractor?

  9. monkeymama Says:

    I just checked the form because I thought there was some minimum. The minimum is $400 for Self-employment tax. (Less than $400 - no need to report). Though technically it is reportable income for regular income tax. Just not for SE tax.

    I seem to recall paying self-employment tax for clients without reporting income on a Schedule C. But that option wasn't obvious on the self-employment tax form. So I could be wrong - could need to file a Schedule C. (A C-EZ - you just put the income on there - not a biggie).

  10. frugaltexan75 Says:

    Ah, ok, thanks. So that means I'll need to set aside around 15% of it for taxes? Doesn't really matter though, I guess, because I'm planning on putting all of it away in various savings venues - will just have to take whatever it turns out to be from one of those accounts. If I remember correctly, you don't have to do quarterly estimates until you're in more like the $4k range, so won't have to worry about that.

  11. monkeymama Says:

    Yeah, I wouldn't worry on such a small amount. No estimates.

    It would be about 15% SE tax and then your income tax on top of that. But, talking such small amounts, yeah, should be fine. I'd maybe save 1/3. Seriously. But if you usually get a refund, then it will be taken from that really.

  12. frugaltexan75 Says:

    Thanks for the info.

    I don't expect to get a refund - last year I had to pay a small amount ($144) and this year so far I've made almost as much in interest income as I did last year - so that plus more income makes it even less likely for a refund.

  13. kquealey Says:

    not sure where you live but as an accountant in WA i know that you don't need to report 1099 income if it less than 600.

  14. frugaltexan75 Says:


    As I understand it, the employing agency doesn't have to report money earned by independant contractors until it reaches the $600 mark. But as an independant contractor, I have to report the income from the first dollar.

  15. SicilyYoder Says:

    I set aside 25% for self-employment taxes, and reg. tax for my jams, salsas, and cookbooks. I always end up owing alot, except last year, for 2007, becaus of the stimulus. I make monthy and quarterly payments, too, for sales tax, and state/federal taxes. You can take your gas expenses off- to and from there, since your an IC- I do that for my mystery shops. Keep receipts in a manilla folder.

  16. frugaltexan75 Says:


    Well . . I *could* take gas expenses -- except that I will be driving my car from our building's parking garage to the parking lot of the building across the street. Probably not even a tenth of a mile. Smile

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