I was able to increase my hours during the last part of March and throughout April, which turned out really good for my April Savings Report as you will see below.
For a side hustle, I am considering picking up a video relay interpreting position. Several colleagues have mentioned how they are able to go into the call center and pick up hours anytime they need.
The call center is close to my home and picking up hours anytime I need is really appealing right now since the first half of the spring semester was a lot slower with work out in the community. We shall see.
Extra money this month
- Craigslist sales $5
- Money skimmed from regular budget items $43.01
- Budget items saved for annual bills $224
- Trimmed expenses (i.e. internet/cellphone) $80.08
- Found money $1
- Extra hustle money $886
- Cash back from bank $7.81
- Returned Premiums/deductible $262.78
- Total saved: $1,509.68
Where is the money going?
- Regular checking/annual bills: $899.97
- Emergency Fund: $359.71
- Car Repair/Replace: $250
- Emergency fund-$409.77
- School- I paid for the summer session, which drained the fund. Now, I need to start saving for fall.
- Car Repair/Replace: $250
Grand total of savings in 2015: $2,240.94
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I ended up working more freelance work last year, plus several income reducing items for taxes were decreased (which is nice for our monthly budget, but not for taxes), which resulted in a large tax bill in April. I had some of the money saved up, but had to take the rest out of savings because most of my paychecks came in after April 15th.
After worrying about how to juggle the timing of getting paid and paying my tax bill for a couple of weeks, I finally had a light bulb moment. I had the money in savings. Yes, the money was earmarked for something else, but yes, paychecks were coming in later in the month to pay myself back.
So I went ahead and cleaned out my savings. What do you know, I had more peace and was not worrying about it any longer. Sometimes, I just need to move forward and act instead of juggling the questions and the worries. I finished the month with lots of margin, even with enough to put some money towards expenses in May.
I am readjusting the amount which is taken out of my check at the college and will be sending in more on my estimated tax payments. I will be much happier if I do not have such a large tax bill next year!
Another note, switching banks, with accounts at two separate banks being merged into one new account, is confusing as all get out! I persevered, cleaned up my Quickenand am back on track. It only took 2 1/2 months. I am pleased since my new bank offers cash back on debit card purchases, certainly more money than I could make earning interest.
Regarding my car replacement fund, my husband and I decided to first build up a repair fund of $1,000 before putting money aside to replace the car. Receiving a portion back of a deductible I paid on a claim was a nice surprise this month and will start off the repair fund.
One more school semester has been paid for; I am crossing Summer 2015 off of the list! We are getting closer to the end. If all goes well, there are 3 more semesters (with maybe a summer class) on the horizon.
My car insurance premium was coming due, so I called to see if there was any way I could save some money. Score! I was able to save just under $40 per six month period and I found out that we did indeed have full glass coverage. Since I had two huge cracks in my windshield, I was able to put in a claim and get a replacement. For Free!
This is the third regular bill I have been able to decrease just by making a couple of phone calls. My monthly commitments have decreased by about $80 so far, which means in one year I will be able to save $960. When are you going to start making some phone calls yourself? Now, I just have to decide which bill needs to be tackled next.
Hey, I wanted to thank you all for being so encouraging last month when I was complaining about the small amount I was able to put into savings. You cheered me up and reminded me even the small amounts will continue to grow.
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Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!