Thursday, January 11, 2018

Financial Preparedness: Week #2

Week #1 can be found HERE!

Our goal:  build up savings

I started keeping a journal of the actual amount we add to our savings and what we did to earn that amount along with my action plan and ‘to-do’ lists.  This is helping me to stay focused and on task.

I started using Ibotta again.  I had totally forgotten that I had signed up for it ... I hardly ever used it.  Now I'm using it thanks to a reminder from Kelsey!  (Thank you Kelsey!) When I get to $20, I can get a payout and that will be added to our savings.   (I'll get $5 cash if you sign up using my referral link and you'll receive a $10 welcome bonus.)

We saved our change this week.

I continued working toward earnings a $25 Amazon gift card through Swagbucks.

I started going through our books looking for ones that I would be willing to part with and that would be accepted in Amazon’s trade-in program.  While I won’t get cash for these I will get Amazon gift cards which I’ll use to purchase grocery items from Amazon freeing up a portion of our grocery budget to go into savings.  

I started stitching up pillowcases to offer for sale.  If these do well then I will do more.  Whatever I sell, the amount I earn minus fabric/supplies will go into savings.

That’s it for this week, not a lot of actual money to add to our savings but several things was put in motion to hopefully add to it in the future.

What did you do this week that moved you closer to your financial goal?


Also, come follow A Working Pantry on Facebook HERE.

patsi
She looketh well to the ways of her household … Proverbs 31:27


Thank you for using my Amazon affiliate link when placing your Amazon orders.  I earn a small percentage that doesn't increase what you pay and it helps me keep my pantry well-stocked!

Disclaimer: Some of the links in this post may be affiliate links.  This means that if you click on the link and place an order, etc I earn a small fee at no increased cost to you. Thank you for your support through these means. 

16 comments:

  1. Dear Patsy,
    I'm glad you are using ibotta! I use Swagbucks too, but I need to be more diligent about typing in those bonus codes that pop up on my phone. Each little point adds up.
    I haven't brought in any money this week but we are doing well with saving, so that is money that stays in the account. We are still on track with our $50/month allowance and still well under budget with groceries. I have some clothes I need to sell. Maybe I can get my husband to show me how to do this on eBay.
    I like your journal at the top of the post. May I ask where you bought it? I have a weakness for stationery, but it has to come out of my $50, haha!
    Love, Kelsey

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    1. Kelsey, I purchased the journal last fall at a Michaels Craft store, it was on clearance because it has some minor damage where the cover and coil meet at the bottom corner. It doesn't bother me at all! I think I paid around $18 for it and it was a $60 journal/planner. By-the-way, I think having an allowance is very smart!

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  2. Thanks for posting Patsy! You are encouraging me to keep on keeping on :)

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    Replies
    1. Thank you MamaHen! The encouragement goes both ways!

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  3. We got paid for an end table repair for a client. We also got paid for a soap mold that we built for another client and she referred over another soapmaker who wants us to make a couple display cases for her that are the same style as the ones we've made for this client. So the business income continues. A couple are coming over to see a bench that we built months ago and just relisted and sound like they want it!
    I discovered that I had MasterCard rewards points that I converted into a $35 into our savings account. I added another $15 from our personal checking account to make it an even $50 deposit into savings. Silly, I suppose, but the little dribs and drabs seem to add up!
    Of the $150 grocery budget for this pay period, I have only spent $35! And that was to stock up with clearance staples- 10 canisters of baking cocoa for 99 cents each, 48 cans of CoC soup for 25 cents each, 24 cans of COM soup for 25 cents a can and (5) eight ounce blocks of extra sharp cheddar cheese for 99 cents each. The leftover amount from the grocery budget will go half into savings and half to pay off a medical bill.
    We found out that the corporation hubby works for is giving all the employees a one time bonus of $1000 each because of the tax law changes that benefit the company. This is in addition to merit raises and bonuses that come in March! We will apply the 50/50 rule to the bonus (after tithing our 10%).
    So we feel like we are working towards our debt free by retirement goal with a bigger savings account too!

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    1. Gardenpat, how blessed you are to be getting all those bonuses and how wise and smart you are to use it as you are planning! So glad your business income is still coming in, thank you for sharing. It encourages me so!

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  4. Can you tell me how to become an amazon affiliate? Love your blog!

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    1. Out My Window, pull up Amazon on your computer and scroll to the bottom of the page. There are several things listed in smaller print and one of them is 'Become an Affiliate.' Click on that and follow the directions. If you have any questions let me know.

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  5. I haven't heard of Amazon's trade in before. I used to sell books on Amazon - used books and actually made a lot of money but it was work because I looked for books at yard sales and other places plus had to list then ship within a certain amount of time. I want to look into Amazon trade in. Take care.

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    1. Crystal, I've done Amazon trade in a few times and have had success with it. I hope you do too!

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  6. We run all of our expenses through a 2% cash back credit card. We pay it off every month and those 2% rewards really add up. It is free money that we did not have when we used a debit card. When we pay with the credit card I record it in the check book just like when we used a debit card so that when the bill comes it has all been considered spent already. Last year we paid for a refrigerator with the rewards on that credit card.

    I really need to consider using Ibotta, too.

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    1. Lana, that is a good idea if one has the self discipline.

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    2. Dear Lana,
      We do that too! I didn't think to include that. We get Amazon points (using their credit card) and are saving up for a new mattress. We also treat our card like cash and pay it off in full each month. We have saved a lot using the rewards.
      Love, Kelsey

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    3. Patsy, it scared me to make the switch but now we just think of it the same as we did the debit card. Sometimes I kind of gasp when the bill comes until I remember that it has all been accounted for already and I just need to write the check and send it off. Our daughter is an accountant and suggested that we do this and subtract everything that was charged from the checkbook. It has worked very well for us. We do buy gas gift cards so that we do not pay the higher price of gas but we get them from a store that has Plenti points so that we earn those and we wait until there is a time when we can get extra points by doing so. We average about $500 in free cash each year. That is a really significant amount of money!

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  7. You always inspire me. I'm now thinking about a journal of all the things I do to try to save. Of course, that's what my thrifty week posts are about. New one comes out this morning.
    Laura of Harvest Lane Cottage

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  8. For the past few years we've been looking for a house, but have decided that this year we WILL be buying a small starter home. Rent keeps going up every year and it's just ridiculous how much we waste on it, especially when a mortgage can be as low as half the price of what we're currently paying for rent. So, in order to reach this goal I've been more diligent with saving money; mostly not spending as well as buying more quantity of food sale items while still feeding my family healthy food (such as buying lots of organic potatoes that I found for $.50/lb just last week). Been making more from scratch too (including crackers!). So, it's nothing new really in my household, but it's our usual frugality with an extra kick.

    I like your pillowcases! I'm hoping to maybe try my hand at making some once we buy a house and I don't have neighbors below us. It's been a long time since I've touched a sewing machine. :(

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