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August goals

July 23rd, 2013 at 01:09 am


August is the month that we are in lock-down, financially speaking. My goal is to (using the extra paycheck of the month and limited spending) squeeze $4,250 for the property tax. I've already paid the mortgage (nothing additional) and made a $700 tuition payment to the high school, so those are out of the way. I'm leaving $1,500 for the fixed bills, and $1,250 for living.

My strategy:
1) Shopping only at Aldi's for groceries. Good-bye Sam's Club for the month. I will miss the ease that you bring to my life by brining in large quantities of food.
2) Shopping loss leaders for BTS. There aren't a lot of things that we need to actually by. Uniforms are pretty much in place, with the exception of a pair of uniform pants for younger daughter ($35 have to be brand-specific).
3) Limiting driving, grouping errands
4) Library for books/movies/video game rentals
5) Having the proper attitude and mind-set

Smile

6 Responses to “August goals”

  1. creditcardfree Says:
    1374538511

    Wow! That is a chunk of change to squeeze out in one month...good luck. Smile

  2. laura Says:
    1374538706


    Well, it's a three-paycheck month, and I've already paid the mortgage and tuition, so it there will be more funds to squeeze from. Wink

  3. creditcardfree Says:
    1374538907

    Keep us updated...I love to hear how the money gets spent when we need to squeeze!

  4. Jenn Says:
    1374540118

    I'm with you on this! We're squeezing to pay college tuition and property taxes.

    I'm limiting dryer use for towels only, getting creative with the food we have, and bumping the thermostat up.

  5. snafu Says:
    1374597625

    I've several of those once-a-year major expense like your $ 4250. property tax hit which we've handled with a linked savings a/c. Each pay the sum needed savings account each pay. When bill is due it's merely a couple of computer clicks to move payment to vendor/service provider.

    The 1st year will feel tight but the relief seeing these large expenditures covered makes it far easier years two etc. Initially I moved any sums saved in categories like Food, Utilities and Household Operations to avoid slippage and keep me motivated to find tiny reductions. It was a terrific learning experience to see how $ 2. or $10. or $25. by year's end added up to a significant sum. While I fretted that everyone would feel pinched and resentful, they embraced the challenged of doing 'it' for less.

  6. snafu Says:
    1374597866

    ...lost a sentence...transferring [$ 163. x 26] to ensure $ 4250. when due....

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