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Good, bad and ugly weekly update

December 31st, 2010 at 12:53 pm

In the interest of accountability, I'm going to post my good, bad and ugly financial happenings for the week every Friday. That is the end, per se, of my 'fiscal week'.

Good:

The $400 weekly CC spending cap
This week's total: $281
No plans to spend any more today, so this is it.

I found a $25 toys r us gift card while cleaning out my office. Love free money!

$640 freelance check arrived, so $320 to IRA, $96 to car balance, $224 to kids' college. Transfers have already been made.

Started to get my coupons organized and outline a grocery savings strategy. I am a newbie, and don't expect to get a lot of things for next to nothing, but I'm going to try. My goals now are to clip, print, and download more coupons, to shop only sales, and to try to pay at least 30 percent less than I am now for the things we use every day.

I paid the January car payment of $240 as well ($217 plus $23 extra). I have four large debits from the account every month, and realized that 3 of them were scheduled for the second paycheck of the month. I like to take two out of each, for budgeting purposes, so I moved the car payment into this check.

Bad

Unfortunately, the real estate tax bill came in the mail $1428/half a year, so the $400 I was hoping to send to savings this payday will likely not make it in to the account. I might be able to send something, but certainly not that much. I like to keep a pad in the checking account.

7 Responses to “Good, bad and ugly weekly update”

  1. scottish girl Says:

    One day I would love to have a pad in my checking account Smile

  2. creditcardfree Says:

    Do you save up each month towards your property taxes? We do. I just set it aside in another account and when the bill is due, I pay it.

  3. krantcents Says:

    A long time ago, I set up a payroll deduction for real estate taxes so the bill would not be a problem.

  4. LittleGopher Says:

    Nice idea - and you have no ugly to report (great way to end the year!)

    I'll be interested to read your adventures in couponing. This is an area of improvement always at my house.

    May you have an abundance of good things to report in the new year!!

  5. wowitsawonderfullife Says:

    Our bank takes our taxes with our mortgage payment. It makes a big difference not having to worry about getting a big bill. Thrift, you will be great at couponing. Just watch the expiry dates - I'm terrible at having stale coupons in my wallet but I guess that mean I don't really need the product.

  6. Homebody Says:

    I started couponing about a month ago. I am happy with my progress so far. It does take me a long time and I am hoping to cut that down, being a little more organized when I get to the store.

  7. ThriftoRama Says:

    We just try to pay the property tax bill out of cash flow without dipping into savings. With some planning, it usually works out okay. I.e. I paid some of our usual big January bill, like membership to the community center, etc. and gym renewals in November and December, so I could make sure not too many big bills hit at any one time.

    We don't have a mortgage, so there is no escrow account or anything to pay into.

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