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Archive for July, 2015

52-Week Challenge/Chase Freedom Rewards Updates

July 27th, 2015 at 04:19 pm

52-Week Savings Challenge
Week 30 (saved to Week 38)

I finally got around to taking the bottles back again, so that was a nice boost to this Challenge! I also had a few returns, as well as the Internet reimbursement from S's work. The Chase Freedom card closed so there's rounding from that, as well.

Snowflakes
Reimbursement - $22.48
Freedom Card Rounding - $35.64
Bottles - $90.70
Returns - $87.25


Total Snowflakes: $236.07
Rounding (to reserve): $0.07

Beginning Balance: $992
Deposit: $236
Ending Balance: $1,228

Reserve: $0.69 + $0.07 = $0.76

This puts me at 89% of the Challenge, and we're almost 60% through the year. Only $150 left to go!


Chase Freedom Rewards

I've projected an average of $50 per month in rewards; July was right there, at $52.65. (The billing cycle closes on the 14th of the month, so "July" is really June 15-July 14.)

I did cash in my movie card fund, so there's a $100 statement credit here. I did get the new movie card at a discount, but I applied that amount ($19.50) toward the 52-Week Challenge.

Starting Balance: $207.77
July Rewards: $52.65
Statement Credit: -$100.00
Ending Balance: $160.42

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

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

Slush Fund
Goal - $400
Balance - $160.42
Remaining - $239.58


I'm still just letting the slush fund ride until I decide what to do with it. At an average $50/month with five months left, I should be well set to meet the $400 goal.

52 Week Savings Challenge & Ramblings

July 8th, 2015 at 03:57 pm

52-Week Savings Challenge
Week 27 (saved to Week 29)

* The month-end snowflakes hit last week, they're small but they add up!

* I finally used my Chase Freedom rewards for the planned AMC (movie) gift card purchase. I got the cards at Cardpool.com so saved $19.50 (on $100 worth of cards); that extra is going to this challenge. (Just in time, too, as hubs and I went to two movies at the end of June -- a special screening of "Jaws", S's all-time favorite movie and one he'd never seen in the theater, and "Jurassic World", which I thought was almost as good as the first one.)

* Our electric bill budget plan amount decreased quite a bit, so I'm adding the first month savings here.

* I'm a notary for work, we offer it as part of the service we provide our clients, so we don't charge a fee. I had client leave me a "tip", though (he actually snuck it onto my desk after I'd refused it), so that's also going here.


Snowflakes
ING Interest - $2.03
MSD Interest - $6.42
Chase Interest - $0.01
Chase Rounding - $13.18
Electric Bill - $54.00
Movie Cards - $19.50
Notary Tip - $20.00

Total Snowflakes: $115.14
Rounding (to reserve): $0.14

Beginning Balance: $877
Deposit: $115
Ending Balance: $992

Reserve: $0.55 + $0.14 = $0.69

This puts me at just about 72% of the Challenge, and we're about 52% through the year.

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I'm still feeling generally anxious about finances, which I don't expect to ease up for a few months now. I do feel better knowing I have some money in my EF if I really really need it. (I'm trying to avoid that as much as I can, though!) One bit of good news is that our property taxes came in about $800 less than I was thinking they'd be. (I think I was using the entire year's amount for the projected summer bill, because it's not actually too far off from last year; clearly I didn't look back when I did the projection!)

I had mentioned earlier that we have a balloon payment on a HELOC coming due in October. Last week we got a notice from the loan servicing company that in September our loan would switch from an interest-only adjustable-rate HELOC to a fixed-rate, principal and interest payment. Which is great if that's what happens (and the payment and interest rate are reasonable), but our loan agreement doesn't actually have that provision in it. When I'd asked the company about it a month or two ago (this is I think the third company that has serviced this loan, so they're not the original lender), they said whatever the loan documents stated was how it would be handled. So clearly one hand is unaware of what the other hand is doing. I think I'll probably wait until the August bill comes, which I'm hoping will have more details on the new payment structure, and then see where to go from there. It would be so nice not to have to worry about refinancing this!

In anticipation of refinancing, though, and some other things going on, I've been look at my and S's credit scores. My are actually pretty good, averaging around the mid-700s. (Right now I've got 11 different scores from various places, which of course use different scoring models so it's not an entirely accurate picture, but I figure the average is still probably pretty close. I do pay more attention to the scores provided by my credit cards, though, as I think they're closer to what an actual lender would use.) S's are not so great, in the mid-600s, so I'm working on that. His biggest 'ding' is balances too close to the limit. Well, that's because he's had a bunch of 0% balance transfer offers that we've used to pay off higher-interest cards. It's frustrating that credit reports/scores don't look at these things in context! Wink A couple of the 0% offers are due to expire in the next month or two, so I'm looking to pay those off a little early (we have the money set aside), and then I'll probably see about transferring the others to my accounts (that are only in my name) to get them off of his credit. That should boost his score quite a bit, I'd think.

The only other negatives that show up are some inquiries, mostly from when we were looking at refinancing last year, but I know that when they're within a certain time frame lenders lump them together, so instead of 5 inquiries he'd really only have 2. It will be interesting to see just how much of an effect this will have on his score -- and on mine, as I expect a bit of a ding. Still, from what I've read, if we do a refinance, it's better to have two 700 scores than one 650 and one 750, because they use the lowest score to determine the loan terms.

In other news, we finally got our community garden planted, about a month late! We moved to a new spot, which ended up being a mistake because it's in a low area, and we've had a lot of rain. Mud, mud, mud. They couldn't even rototill it until two weeks after the garden opened. So, who knows whether we'll end up with any actual produce this year (although I do think there's a green pepper ready to pick!). It's a bummer because we bought a lot of tomato plants this year, and several heirloom varieties. We've haven't had a lot of heat, though, so no one's tomatoes are doing very well so far. Fingers crossed for a hot, dry July and August!