Thursday, January 18, 2018

Financial Preparedness: Week #3

This week has been all about the nitty gritty, hard work, doing without, sacrificing so you can take what you don’t spend and meet your financial goal for the month.

I’ve continued sewing pillow cases for future selling …

I’ve continued working on earning Swagbucks, trying to earn an Amazon gift card

We’ve saved our change this week …

We were blessed with a monetary gift so we added over half of it to our savings …

We continue to ask God’s blessings on this endeavor …

I continue to journal this journey in my journal ...

But mostly we’ve purposefully and intentionally not spent any more money than what had to be spent and it has paid off … we’re getting close to reaching our goal of funding 10% of our emergency fund by the end of the month! 

How are you doing on your January financial goal?

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

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14 comments:

  1. I am doing great on my goals! Before I went to the grocery store I inventoried what I had on hand, made a menu plan, then a list of needed items. I went to the store and bought exactly what was on my list spending far less than I'm apt to in the face of so many temptations! I've been working extra hard to not waste food and to use what we have on hand so we can pay off our December debt. We kind of got out of control with all our adult children home for Christmas. (But we had a great time together.) I have a savings goal towards remodeling a half bath so I'm being vigilant and staying within budget. Thanks for all the encouragement and example.

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    1. Rozy, having a definite goal to work towards is so helpful to us. Congratulations on sticking to what was on your grocery list when you went shopping, that is a pretty achievement.

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  2. We are doing the same Patsi, spending as little as possible. I still have gift cards left over from earning them last year that I haven't used and it is cold so I don't venture out much so have saved quite a bit on gas. I am working on earning gift cards this year and we will be doing our fiscal fast soon so a little planning in advance and it goes smoothly and the bank account thanks us. I will still be able to pantry build and or do the $5 extra because of gift cards or being blessed with gifted items or all of those free samples I sign up for. For now though I am just concentrating on home things and saving my gas.

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    1. Staying home and saving your gas is a big savings for sure and those gift cards are so handy to have on hand. Sounds like you're doing great!

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  3. Dear Patsy,
    We are still on track! We were given two Wal-Mart gift cards, and some of that was spent on getting pictures developed and some other small things. I am thinking we should save the rest for groceries but still subtract that from the grocery budget so that leaves more cash in the account.
    We are also still on track with our $50 allowances. After purchasing my discounted gift card, I have $1.84 left for the month. It is funny how an allowance makes you look at every single penny!
    We did not do our usual weekly grocery shopping on Wednesday so I reworked the menu to use only what we already have. This helps rotate the food in the freezer and pantry and leaves more room in the grocery budget. There are five Wednesdays this month (instead of the usual four) and I forgot to adjust the budget accordingly so we are just making do and sticking to it.
    I have been using Swagbucks to work towards our goal of buying a new mattress. We are using these points plus ibotta and Amazon rewards to save up for it.
    Like you, our savings have come from just not buying anything other than what is necessary. My husband just called to tell me what our credit card balance is (we pay it off in full each month) and we are both very happy. It is very low! I think we have bought gas with it and that is it! We have been saving so much but neither of us feel like we are missing out or depriving ourselves of anything.
    With love, Kelsey

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    1. Kelsey, I am so proud of you!!! Look at all you did, at all you didn't do and at all you're doing! Keep it up and you'll have a new mattress in no time! I agree, having an allowances sure makes you think about your purchases and question if 'I really want this or not!'

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  4. I am doing great on my January financial goals, but the car is in the shop right now ugh!

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    1. Out My window, I hope it doesn't cost too much to get repaired! Things like that are why we're gazelle intent on getting our emergency fund built back up!

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  5. We are right with you Patsy! We keep working on it and it is paying off. I think we will continue at this for a few months.

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    1. Vickie, so glad things are going well with you in your efforts to reach your financial goal!!!

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  6. This has been a good week for our finances! Dave's bonus came in today and while the amount after taxes is only about 54% of the actual bonus, I still was able to add 50% of it to our savings account and will use the other 50% to pay down a hospital bill.
    A friend's Kitchenaid mixer broke and so she thought of us to fix it! And, sure enough, thanks to YouTube, we were able to figure out what parts needed to be replaced and after getting them in, had it running good as new within 30 minutes! And that 30 minutes added $25 to our savings for the labor portion of the bill!
    We also have a little over $400 left over in our checking account before our direct deposit came in this morning. So when I "zero" out our balance to start this new pay period, so that $400 will be divided in half between savings and our paying down the hospital bill! So this means we put an extra, unexpected $500 into our savings this week!
    Savings at my produce market included 5 pounds of cottage cheese for $1! (I used some to make 2 pans of lasagna tonight) an 11 pound bucket of Greek yogurt for $1.99 and 10 pounds of green beans for $5 ( I canned 7 quarts and dehydrated the rest!)

    So I am hopeful about continuing along with our savings goal and debt pay down!

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    1. gardenpat ... look at you!!!! $500 added to your savings plus paying extra on your hospital bill ... that is excellent! You could have taken that money and did something else with it but instead you chose to save and pay on debt. Those are the kind of examples that are so inspiring and encouraging! Thank you for sharing!

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  7. Bluey is our shopper. He is great at going out with a shopping list and coming home with what is on the list. He is also fabulous at finding bargains. This past week I have been out with Katie and I only purchased some sewing needles for my new machine. I went out yesterday to post a parcel and then went to the Library. I am pretty good at not spending, but just lately it seems that money has been pouring out of our account. We did have a number of bills and this is what is effecting the bank balance. I have been busy in the sewing room and have added a colourful shirt and some pretty brooches to my wardrobe. I have just finished a crochet blanket in 4ply cotton for the Granddaughter due in May. Staying busy and productive at home, means that money is staying put in our account.

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    1. Jane, Sounds like you are getting alot done in the sewing room. Bills can certainly drain our bank balances which calls for more frugal measures for a season. You are so right, staying home and staying productive means money is staying where it's put and that is a good thing!

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