Friday, February 27, 2009

Feb. Monthly Totals and Savings Updates

February Monthly Totals
  • Merchandise Total (before coupons): $1,442.37
  • Value of Coupons & Store Sales: $841.60
  • Rewards/Gift Cards/ECB's Used: $526.96
  • Rewards/Gift Cards/ECB's Earned: $306.83
  • Rebates: $289.62
  • Total Cost to me (after rewards earned and rebates): $27.11
  • Total Profit: $138.12
  • # of Items: 408, # of Free Items: 299
Savings Updates

This month was awesome in terms of savings. I came in under budget on my gas and grocery budgets and got a nice tax refund, most of which went right into savings.

I feel a little guilty mentioning this because so many folks have lost their jobs or are working less hours, but I did get a raise at work this month. Hoorah! I will increase my retirement contributions 1% when the raise kicks in (8% of my annual salary) and I will be saving every extra penny towards my Emergency Fund. I've been at my current job for a year now, so I will also now receive matching employer contributions on my 401(k) plan up to a certain percent.

Withdrawals taken from Short Term Savings
  • $53.50 new cell phone - will be getting back $50 as a rebate
  • $39.64 prescription cat food
  • $668.02 car repair and oil change
  • $53.66 new lights and wipers for car

Deposits

  • $115.12 - money earned from selling stuff online after deducting shipping costs and ebay fees
  • $6.43 - interest earned on security deposit, deducted from rent
  • $11.08 - difference between budgeted and actual amount of electric bill
  • $26.98 - rebates ($3 Narnia, $3 Narnia DBF's name, $6.99 Vitamin shampoo, $6.99 Vitamin shampoo at parents' address, $4.99 Vitamin shampoo at DBF's address, $2.01 refund for prescription)
  • $10 - money owed from friend
  • $36.81 - leftovers from gas and grocery budgets
  • $47.95 - RiteAid rebates
  • $80 - regular budgeted amount that I save each month
  • $2,250 federal tax refund - $409.90 to Short Term Savings (now at my goal of $1,000!) and $1,078.78 to Emergency Fund (goal $10,000)

Balances as of Today

  • Short Term Savings $1,000 - met my goal!!
  • Emergency Fund $1,319.02
  • Credit Cards - ZERO! I celebrate this everyday :)
  • Car Loan - 3 more payments to go...
  • Student Loans - ugh, and I was on such a roll! $79,255

I got a $10 RA gift card in the mail for a January rebate, and I still have a $10 gift of savings certificate (basically a gift card) to use up. With RA's uncertain future, I've decided its best (for me) to not buy any rebate items from them for now. So I'm going to use up these gift cards on newspapers, milk and stuff like that. I have two more $10 gift cards coming in the mail, so I'll do the same with those when they come in. I just hate the thought of buying a rebate item, having the company go bankrupt and not receiving my rebate check. Fingers crossed this will not happen and they'll just restructure or whatever. But with money being tight, I'm not taking any chances right now.

I also decided to scale my cable back to basic cable and that should save me around $40 a month. I should see this difference in March's budget since February's cable was already paid for.

9 comments:

Connie said...

Great job! I really needed some motivation. I've been going thru a pretty rough time lately, so, thanks for posting all the details of your spending/saving! How the heck do you keep track of ALL of that though? I'd love to have you share your method with me if you don't mind!

Raks said...

wow! good job! you are my idol! I'm checking on your website everyday.

i think rite-aid should be okay, they even bought longs drugs recently.

Queen of the Urban Jungle said...

you're so organized! it's hard for me to keep track of everything all month......you're doing great!!

Tracey C. said...

You are doing an AMAZING job! I often find extra deals by reading your blog and I love seeing what a great job shopping you do! Great work on getting your finances in order. I'm sure I'm not the only one inspired by this! You are so detail oriented you are perfect at couponing! GREAT WORK!!!

Precious said...

You are doing so well with the budgeting and saving! Do you hear me clapping? :-)

Jamie said...

Sounds like things are going well for you! Congrats!

frugalsuz said...

Connie,
I'm so sorry to hear that. I think we all have our rough patches and it can be so hard to see the light at the end of the tunnel.

I track all my finances using Microsoft Money, but I've been keeping a running list all month of the little amounts I've been saving because I wanted to list them all in a post. I normally don't keep track of that much detail, I'd just move everything extra into savings and be done with it. But it was an interesting exercise!

Raks,
Thank you so much! I'm glad to have you here. I'm sure RiteAid will be ok, but unless there's a spectacular deal, I don't think I'll be buying much for now.

Queen,
Thank you!

Tracey,
I'm so glad you check in and are able to get some ideas. I learn SO much through other folks' blogs as well. I love the blogging world!

Precious,
Thank you! That really means a lot coming from you. :)

Jamie,
Thanks!!

Emily said...

Wow, that's a LOT of $$ saved in a really short time! Great job!

frugalsuz said...

Emily,
Thanks! Yeah, it was definitely a good month for saving. Its not always like this, trust me! lol