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Home > New Budget Plan, Snowflakes, Dietbet, Ibotta Rebate!! Meal train

New Budget Plan, Snowflakes, Dietbet, Ibotta Rebate!! Meal train

June 17th, 2017 at 08:41 am

Ever since my DH injured his so-called "good" shoulder, I have been contemplating what would happen if he couldn't work anymore. I realized we would be in a *very* tight spot. Yes, we have reserves which we could repurpose for daily expenses, and could cut into the stocks ... But that just feels like a short term solution with long term consequences - since the reserves and the stocks are for long term needs.

So, after a lot of thought and juggling of numbers on my part, and then the ensuing discussion with DH, we have made a mutual goal of fully funding both of our ROTH's by the end of this year. $12,000.

We already had $3555 set aside for whenever we opened DH's Roth. Then I felt comfortable putting the $1900 we had set aside for the EF. I also decided that as much as I would love to do a cattery design in the cat room/family room, that by the time we had saved enough to do it, we'd probably be down two cats. So ... I'm putting the $455 set aside for that towards our goal.

That just leaves $6,090 to reach our goal. Or, an average of $1,000/month starting in July.

We are cutting our spending money from $400 to $0. We are cutting the Date Night category from $100 to $60. Groceries will go from $300 to $200. I am also stopping the $25/mo Extra Principal. Plus, I will be stopping my extra contributions to my 457 at work - this will add approximately $140 back into the budget. There also is the $185/mo we've already been setting aside for DH.

That puts us at $890.

Which just leaves $110 to fund each month.

Our plan is to take 1/2 of whatever we make (profit) in side jobs or overtime and put it towards the goal. The other 1/2 will go towards our own spending money.

If we reach the $12,000 goal early, then we will decide what we want to do.

DH has also agreed to sell the non-functioning Honda! Not paying the title/registration for that thing will add back at least $100 which we can also put towards the goal. The sale price of the Honda though I think we'll put all into DH's car replacement category.

The purpose of all this is to get as much money put away as possible in a place that will most likely outearn the 2.5% of our current checking, and even the 5% of the Northpointe checking, but still be assessable if circumstances warrant it. (Contributions only.)

Best case scenario we won't have to touch any of it for ten or eleven years.

I'm going to be doing a new budget in YNAB to reflect all this, plus to cleanup the current budget. Smile

*I just thought about something - we have probably $200 in cashback rewards on our cards - that could go towards our goal too. Smile

June Snowflakes as of 6/17
June Snowflakes so far:

Swagbucks - $25 Walmart; $25 Paypal; $25 PP

Pact - $10

Earnhoney - $5; $5

Earnably - $10

Yoolotto - $6.75

MyPoints - $25 PP

FetchRewards - $10 in Walmart gift cards

**On Swagbucks there is a deal where you contribute $9/month for 4 months to WCF (World Wildlife Fund) and then 60 days after the 4th contribution you get 6500 SBs. So, a $29 moneymaker (plus you get a nice tote bag for grocery shopping.) Someone on the FB Swagbucks Swaggernauts group verified this offer with Swagbucks.

Dietbet Round 5 weigh in was today - and I made it again! Now just one more month to go for the final big payout!

On iBotta there is a current bonus called Dash for Dollars. You only have to complete ONE branded rebate by the 19th to get a $5 bonus!

At work we are doing a meal train for the dispatcher who is going through chemo right now.

I was thinking of doing a meal of corn pudding, green beans, mashed potatoes and brownies. My DH thinks there isn't enough protein. There's cheese in the pudding, but I can't think of anything else that would go with it.

Dh suggested lasagna .. but to me that would be so much more work, and more expensive too since I already have most of what I need for the pudding meal.

Any ideas?

15 Responses to “New Budget Plan, Snowflakes, Dietbet, Ibotta Rebate!! Meal train”

  1. snafu Says:

    I've vague memory traces of DH's plan to sell excess electronics and wonder if items no longer in regular use and no longer needed could be sold or released. If a shoulder injury hampers current work, what other employment would he chose? What updating or training would make use of earlier degree? Does the house have a developed basement that could be rented to a student to supplement income?

  2. FrugalTexan75 Says:

    Yes Snafu - DH has lots of electronics that pretty much fill the basement - most of which he could sell. If he wants spending money, then he's going to need to sell some.

    The basement has a mother in law type space - which DH uses as his man cave .. plus its full of his stuff. It'd take a good $5k+ to fix it uo into something rentable. But that definitely is a possibility if needed down the road.

    I really don't have a good answer to your other question. He's done this job for 23+ years now - I'm not sure what he'd be willing or able to do. (other than buy/resell stuff)

  3. Carol Says:

    The meal sounds fine. If you wanted though, maybe some tuna or salmon salad on the side?

  4. My English Castle Says:

    Nice inspiration, Laura. I'm a big fan of those Frugalwoods folks--and their simple mandate to eat all the food you have. My DH is the easiest person on the planet to feed, but it's really helped us with our grocery budget. We're about to do some dejunking here too. We have a technology graveyard--old laptops, old phones, etc.
    The Roths are a good idea.

  5. FrugalTexan75 Says:

    That could work - though it would have to be pre-made stuff. I can't stand the smell of tuna.

  6. FrugalTexan75 Says:

    Thanks MEC.

    I think if I just keep my meals very simple, that'll cut down the cost right there. Plus cut the time effort.

  7. scottish girl Says:

    Your meal sounds good! I'm all for simple meals.

  8. PatientSaver Says:

    I like your meal and would be happy to get it!

    You sound very serious and determined about your goal. Excellent!

  9. creditcardfree Says:

    Great goals with the money. Did I read your post right? You don't have an emergency fund? It sounded like you were taking money away from that fund for Roths. I know some people do keep their EF (or some of it) in a Roth.

  10. CB in the City Says:

    If you think protein would be an issue with the recipient, you could include some pre-cooked sausages on the side.

    All your plans sound great!

  11. Petunia in a Flower Garden Says:

    I'm recalling that you are vegetarian, but if you did want to add some meat based protein you could add chicken legs baked in bbq sauce. (Put chicken legs in pan. Put bottled bbq sauce on top. Bake.) I have made this for meals for others and it turns out well.

    I admire your ability to snowflake. I am hopeless!

  12. FrugalTexan75 Says:

    Thanks SG and PS and CB!

    CCF - Yes, we have an emergency fund. I am thinking of putting that money in my ROTH. My ROTH has been opened 5+ years, so in an emergency where none of our other existing categories covered it, we could take money back out.

    Petunia - I've purchased the stuff for the meal now, but will keep your idea in mind for if there is a second time. Smile
    Just buy a couple of cheap Android phones (best for the $10 ones) and check out the FB group "Make Money with Smartphones" for ideas. Smile

  13. ceejay74 Says:

    Oh! Did the Roth cap go up to $6K? I have ours on autopilot to do $5500 each.

  14. Frugaltexan75 Says:

    No, DH is 50. Smile So his cap is 6500.

  15. ceejay74 Says:

    Ohh, gotcha! We've got a few more years before our cap goes up then. Smile

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