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Archive for May, 2009

May 2009: EF fully funded for the year

May 31st, 2009 at 11:47 pm

May was expensive month but thanks to tax refund we managed to fully fund the EF for the year (so Goal #3 is Done - few months ahead of schedule!). We now have have 6 months EF worth of living expenses (not including mortgage payment). I think this is enough EF for us for now, we will re-evaluate it again next year.

We have also started funding the Car Fund (Goal #4), I am really really really hoping to fully fund it in June. I think if we do well this month, that is be very good with our spending, we should be able to do it. Plus I should be getting the $900 stimulus payment, which should be enough to achieve goal #4. Things that we could cut down are: groceries, entertainment, allowances, no buying clothes and other useless stuff. Oh well, here's to hoping.

Eventhough we spend a lot in May we still had 10 NSDs. $19K challenge is still doing well, the only thing that I'm trying to pull back is the grocery spending. But I guess that's what the miscellanous buffer is for


BTW, I kind of noticed that not many people are blogging these days (esp some of the regulars). Is it because it's now summer in the US and people are out and about more and don't have much time for blogging? Or is it because we are in the middle of the year and people have kind of lost focus on their goals (I hope not)?

I for one got too busy in April to blog (was away and had people over) and I only really average about 2/3 blog entries a week, I live a pretty boring life.

Well I do hope that everyone are still working towards their goals for this year. Good luck to you all.

Weekend work

May 24th, 2009 at 06:45 pm

We got a lot of work done around the house on the weekend. Have put up couple of the doors up, did some sanding and painting and some yard work as well. Still got a lot to do though. My main goal this month was to clean the garage, well I did some of it but have now also put more junk/stuff in there again.

We also managed to go out and watched X-men:Wolverine, it was really good.

New doors and other spending

May 20th, 2009 at 05:32 pm

We just bought 3 new doors to replace the old ones. Also got new handles with it. I hope it's not too hard to put them up.

I will be doing some painting soon, so I will need to get some paint. We will also be getting some electrical and plumbing work done. I got a lot of work to do in the next week or so. And a lot of spending too (bad but necessary spending).

Spending

May 18th, 2009 at 09:11 pm

Been spending a lot lately for home repairs/improvements. It is all planned and necessary, our house is getting pretty old afterall. It's all coming out of the Household fund. We have spent few thousands already and now the household fund has been deflated to a very low level.

I'm thinking that we really need to put another few thousand dollars in the household fund this year to finish what we want done. Luckily, we got these extra income that have come up this month so I'm think after we achieve all our goals for this year we will put whatever we can in the household fund.

It is such a juggling act.

Grocery budget

May 17th, 2009 at 06:31 pm

Having people over for 2+ weeks last month and having a couple of parties has now push our grocery budget for the year over by about $150. We really now need to pull it back, which means being creative with our meal planning.

Went grocery shopping yesterday and I hope we won't need to spend anymore (except for milk) for the rest of the month. From yesterday shopping we got:
a whole chicken (I've cut this up into different cuts and have made stock out of the bone/carcass)
4 cuts of steak (some can be cut into stirfry cuts)
a lot of fruits and vegies

Also DH picked one of the pumpkin from the garden yesterday. I will use some to make pumpkin soup and I will also make some minestrone soup out of the chicken stock today. Hearty soups like these are great to have for cold winter days (like we are now having).


Got me some shares.

May 14th, 2009 at 05:09 pm

I bought some yesterday, well actually the order was put in over two weeks ago. In the last week the Australian market has been going down and the stock I bought finally hit my price yesterday. It was for only ~$500 worth. I normally get around $2K parcels but this stock is a small cap (high risk), but it got great potential so I was only willing to commit 1/4 of normal investment capital. I'm planning to keep it for at least 5 years. Historically they pay pretty good dividend.

Now I just hope the market will start going back up. Although I think this recent run down could keep going until next week. Our market went up quite a bit from it's March low and now need to retrace.

Well the $500 will come out from my Sunny Day Savings.

Extra money this month

May 12th, 2009 at 06:00 pm

We are finally getting our tax refund soon, so we will be getting $3K extra money this month. Also I should be getting the $900 stimulus package soon (DH doesn't qualify Frown ). So by the end of this month we should be able to have a fully funded 6 mnths Emergency Fund (Goal #3). woohoo! Few months ahead in time.

Update

May 10th, 2009 at 06:37 pm

Yesterday was our mother's day celebration, it got quite expensive but it was worthy.

Nothing much to really update these days. I bought a pj and track suit pant yesterday. This is the first time we spent money on clothing this year, so out of our $450 budget for the year we've only spent just over $50 so far.

Xmas Fund and met a goal.

May 7th, 2009 at 11:06 pm

I just checked my ING account, which has our xmas fund of $1,000 in it. I deposited that money back in January and it is now at $1,013.64. I anticipate to earn about $35- $40 by christmas, that should buy the ham or a gift for someone.

We actually achieved goal #2 at the end of last month, so we achieved that 1 month ahead of schedule. And we have also started goal #3. This was mainly thanks to DH bonus this year. It was a very small bonus but still it helps.

$231 for 20 mins work

May 4th, 2009 at 05:26 pm

Our hot water wasn't working the other day so we had to get someone to have a look at it yesterday. The guy came in and replaced the controller, it took him not even 20 mins. Labour cost $110 and the rest was for the new part. Where can I get a job like that? Not bad at all.

Wow I haven't been here for over a month, we have been very busy. We had people over and then we went away for a while. I'm still trying to calculate what we have spent our money in the last month or so. I don't think it that bad but I think the grocery budget will be way over. Hopefully I will finished my caculation today.