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Archive for June, 2015

Long Overdue Updates

June 15th, 2015 at 11:39 am

I am so behind on updating, I'm tempted to just skip it but then I might as well be somewhat accountable! I was out of town for most of May (I actually was traveling more days than I was home) so fell quite a bit behind. I have been reading everyone's blogs, just haven't found the motivation to update my own until now.

I've been tracking the Savings Challenge amounts but haven't made any deposits lately. We've had a lot of unexpected things come up -- the dishwasher quit draining, the air conditioner blew a fuse, the clothes washer is about to go -- plus some reno/repair expenses that weren't totally unexpected, but as usual cost more than we'd planned. (We're having a major issue with a floor we had put in, improper installation and a costly fix. We're taking that a piece at a time.) Plus we're still fighting with the insurance about replacing the roof -- our guy says we have 6-7 years left of in, they're saying the shingles are curling and the roof has to be replaced. (Reality is the shingles aren't curling, they just have moss on them, but since the underwriters just stand on the ground and take photos they think it's curling.) We'll be getting the roof cleaned and submitting photos to the home office, but meanwhile we'll be looking for a new insurance company, too.

At any rate, I'm a little down about finances at the moment and will probably get a bit panicky come August/September, when property taxes are due. We also have a balloon payment on the HELOC that comes up in October -- for some reason it's not the kind that automatically converts to a fixed loan, so we'll have to try to refinance that. (We should have enough equity in our home to lump it into the mortgage, but it's always a stressful process.) Meanwhile I'm waiting on a couple of things to shake out that should ease things up considerably, but in the mean time I feel like I'm juggling 15 balls in the air and at any moment they'll all come crashing down around my head. (I have an emergency back-up plan, but it's not something I really want to put into action. It beats bankruptcy, though.)

I think I go through this angst every year at about this time! Probably has something to do with my birthday at the end of May.

52-Week Savings Challenge
Week 24 (saved to Week 26)

With all the travel the last few weeks, I haven't had a whole lot of snowflakes coming in. Fortunately I was several weeks ahead on the challenge already, so it didn't set me back any! This update covers several weeks, and includes two month-ends of bank interest/rounding and two Freedom card roundings.

Snowflakes
ING Interest - $3.25
MSD Interest - $5.60
Chase Interest - $0.03
Chase Rounding - $10.95
Reimbursement - $22.48
Target Savings - $2.75
Found - $10.00
Freedom Card Rounding - $47.82
Chase Rounding - $11.11
Chase Interest - $0.03
ING Interest - $2.54
MSD Interest - $5.80
Target Savings - $44.28
Freedom Card Rounding - $40.66

Total Snowflakes: $207.30
Rounding (to reserve): $0.30

Beginning Balance: $670
Deposit: $207
Ending Balance: $877

Reserve: $0.25 + $0.30 = $0.55

This puts me at almost 64% of the Challenge, and we're about 46% through the year.


Chase Freedom Rewards

I've projected an average of $50 per month in rewards; May and June were higher, at $74.03 and $68.66. Again, having restaurants in the 5% rewards category this quarter is a big help -- despite not paying for anything the five days we were in Napa!

I exceeded the $300 goal for our anniversary dinner, just in time! (The rewards are calculated on the 14th of the month; we had our dinner on the 16th.) Although our meal came in well below that number, I used the whole $300 as a statement credit on the card; the excess will offset some of the cost of the gifts.

Starting Balance: $365.08
May Rewards: $74.03
June Rewards: $68.66
Statement Credit: -$300.00
Ending Balance: $207.77

Movie Card Fund
Goal - $100
Balance - $100.00
Remaining - $0

Anniversary Dinner Fund
Goal - $300
Balance - $300
Remaining - $0

Slush Fund
Goal - $400
Balance - $107.77
Remaining - $292.93


At this point I'm just going to let the excess accumulate as a 'slush fund'. I'll probably use it for Christmas, unless something else comes up. I've set a goal of $400 based on an average of $50/month with six months left, plus what I've already got. Next quarter the 5% is gas and I have a few high-mileage weekends that quarter, so I will probably end up a bit over.

Chase Freedom $200 Cash Back Offer

June 4th, 2015 at 08:51 am

I received a "Refer-A-Fried" offer from Chase Freedom card where a new cardholder can get $200 cash back for spending $500 in purchases in the first three months. I would get $50 for every referral who applies, is approved, and uses the card by 9/23/15. The offer expires 6/15/15.

Chase Freedom also gives 1% unlimited cash back (well, it's rewards points that you can use for various things, including cash back) on purchases, and has special quarterly categories that give 5% cash back (up to $1,500) -- some generic categories such as gas stations, restaurants, or grocery stores, and then specific retailers such as Kohl's or Starbucks.

You have to receive an email from Chase to qualify for the offer -- they state that they will use your email only for the purpose of sending this offer and will not provide it to any third parties.

If anyone is interested, I would need your first name and email address -- leave the in a comment and I will delete it when I've sent the invite, or if personal messaging works through the forums you can PM me there. They say you will receive the email within seven days.

(If anyone has a Chase card, you might want to check to see if you have the offer, too. It was just a small image on the upper right side of the Accounts screen when I went to Chase online.)