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A New Job

July 27th, 2008 at 12:35 pm

My daughter finally found a job. Hurray!!! I say this b/c she will have to stop asking me for money and hopefully become more responsible about paying for things herself. Hopefully freeing up some money for some needed savings.
DD started her new job last Saturday she works very long hours but gets paid very well. Starting in Sept. when she goes back to school she will cut back to 3 days a week. Oh did I mention that she will also have to be responsible for her own tuition? I had promised her a long time ago that her Dad and I would pay for 4 years of college anything above and beyond that would be her responsibility same as her brother and sister. All three kids had to get their 4 year college degree it was the law here. Being that we made it the law we didn't think that they should have to pay for our request. Anyway the 2 older ones are doing great. MY youngest is taking a little bit longer to get on her feet. She graduated this May from the university. By her getting this job is a huge step in the right direction. And her paying her own tuition this year( she will be continuing on to specialize her degree) is also really big. I am so proud of her.

Roth IRA's for Kid's

November 26th, 2007 at 12:28 am

I have been reading increasing information on starting kid's with their own Roth IRA accounts so that at a young age they can definately benefit from long term return. It didn't even occur to me two years ago that I would be one of the few people around my area to open a Roth IRA account for my daughter. I guess that the ah ha moment just occurred to me to do it and it just made so much sense(Parents open bank accounts all the time for their kid's so why not an IRA).
My reasoning for doing this is, my daughter was and still is in college and has a small part time job which barely covers her living expenses. So, I just thought that it would be a good idea to just get her started. I don't fund her account to the max every year. I put in just about what she earns in a year. I will keep putting money in until she is able to fund her Roth IRA herself. Thereby taking full advantage of her age and her retirement date. She should be able to accumulat a nice sum by then.

A Week in Review

March 30th, 2007 at 05:39 pm

I haven't posted in a while b/c nothing new has really been happening around here. The weather is great so I am getting out more. Started my yard work the other day. I got a few people coming for the roof estimate. I had a major break down with my car and it cost a bundle to fix. It was at the service station all week. I just got it back today. They tell me my car should last me a life time now. I hope! I filed my taxes last Friday. I don't know yet if I will have to pay or not. Again, I am keeping my fingers crossed. If I do get something back, it will be placed in savings for my 2007 IRA contribution.

My 20.00 savings for this month is as follows:
Half.com 3.25
Ebay 41.73
Rolled coin 26.50
Interest on savings 41.73

My daughter's birthday was yesterday and hubby and I went overboard as usual. Her birthday is always a major expense. She is a good kid. Never has given us any trouble. So rather than bailing her out of jail and paying for rehabs. like other people we know, I feel greatful to be using that money on really nice birthday gifts. Which are really appreciated.
This weekend she will be leaving for Mexico and will be getting certified as a SCUBA diver. Keeping my fingers and toes crossed on that one.

Ebay and Some Other Things

January 25th, 2007 at 10:14 pm

Today was pay day. I was able to save some of it, not all. I figure some is better than none. Went to lunch today with DD and Hubby. It was very, very good. Next stop was the new Walmart that openned on Monday. Spent $60.00 there. Not on things that I needed either. I get so overwhelmed by the low prices that I think that everything is a good deal so I don't think twice about putting it in the basket. Then after the register is finished ringing everything up, I get in the car and think what did I buy that cost so much? Oh well, I know that the things I bought today will be put to good use. It's just that I really didn't need any of it.

I have a few items up on E-bay that are ending in a few hours. No bidders as of yet. I hope that I at least sell something. Even if I don't it won't be to bad b/c I had posted the auctions last Thursday when they were running a sale so it only cost 0.20 to post.
Hubby is posting his auctions for the week as I write. He seems to do pretty well with his auctions but he also has been doing it for quite a while and has learned a few things along the way.

School Supplies

January 20th, 2007 at 07:36 pm

Well, we bought the books and all of the supplies. Close to $500.00 that's including notebooks, pens and pencils. That should be it until the fall. Thank goodness.

Lunch was pretty good. Even with the coupon I still felt it was a little expensive. We had two panni sandwiches shared a cup of turkey chilli and shared a bottled water. Total was 24.50, I used the restaurant .com dining certificate... took $10.00 off the total to bring it to 14.50.

I have to run to the dollar store a little later to get some packaging supplies.

Tonight for dinner I will make Roasted Herbed Chicken and Salmon cakes. The salmon cakes are for me. I'm not a big chicken eater.

Jan.19th 2007

January 20th, 2007 at 01:44 am

Today was a good non spending day. After the weeks worth of spending I'm glad that it is calming down. I think that alot of the spending lately has a lot to do with DD being home from college. She is very encouraging to let those bucko's fly right out of my wallet. she is a very helpful spender. When she is at school I don't spend nearly as much as when she is home. It is a little of this and a little of that and it adds up. Tomorrow we have to go and pick up her text books for the upcoming semester and that will be a small fortune. But it is an expected expense verses a non expected. That means I do have the money for it w/o having to go broke. While we are out that way picking up the books we will probably have a nice lunch out. I have a restaurant .com certificate so I will use that. Other than helping DD with getting her books it seems like it will be a prety laid back weekend.

Still haven't received payment on the stuff I sold on Ebay. It is taking quite a while. I'm new to this. I hope it works out. It is a good way in principle to add a couple of extra dollars to the savings. It is also good b/c I am decluttering the house at the same time.
Yesterday was payday and again it came and went with out saving a dime. Hopefully nexts week pay I will be able to save something of it.

Some Savings Today

December 12th, 2006 at 08:30 pm

Used a few coupons today. Hubby and I had lunch today and used a $2.00 coupon. Next we went to Staples, returned a used ink cartridge and received $3.00 off the new cartridge. On to Michaels where we had a 20% off coupon which we applied to some picture matting= 2.00.

Took my pennies to coin star and received $15.28 in return which went into my new WAMU savings account. Cashed some bottles and cans received $16.00 which hubby kept to put into his coin account.

Last week we purchased new Verizon phones three of them. We had $50.00 rebates for each phone=$150.00. The total after rebates for the phones = $45.00.

Going into the city tonight to see a show with DD. I can tell you now it won't be cheap. I hope the show will be good. Going to see Damien Rice.

Trying To Save For A Childs Future

December 6th, 2006 at 01:16 am

I have always wanted to give my daughter a good head start. Financially, hubby and I started getting stock for her when she was about 4.

When she was 16 we signed her up with her own checking and savings account as well as her first CC. The CC we signed her up for was set at a very low max(250). We taught her how to use credit responsibly. She had a job working at the local supermarket, making a decent salary for a 16 yo. After she had that CC for a while we had the max increase to 1000.00 and we also encourage her to get more CC cards. DD was able to get an Amex,Discover card and a Visa. All with pretty good credit limits.

I have also kept an eye on her FICO which is 785 and that is b/c she doesn't have longevity with credit. It should go higher when she is about 25. Right now, I think it is still pretty good for someone of her age(21).

Last January I had read a few articles in the financial journals stating that one of the best moves for a young person financially would be to get started with a Roth IRA at a very early age. I did some research and I found that T.Rowe Price would let you open an account with as little as 50.00 so long as you made it in automatic payments from a checking account. T. Rowe Price also has a very low expense ratio which also attracted me. The other option I had in mind was Vanguard but they wouldn't let you open with just 50.00. We put in 75.00 and she puts in 75.00 to total 150.00 every month. I have also set her up with an Emmigrant savings account 50.00 per month gets put in there and that hopefully will serve as her future emergency fund. She has another savings account that she saves her money in to buy herself things. I think I have covered pretty much everything that is in the works for her.Oh, one more thing, she has an insurance policy(SBLI) I got this for her when she was 2 or 3. I know this is the wrong kind of insurance, whole not term but she has had it for so long I am not going to get rid of it now. I hope this gives her a good start when she wonders out on her own.

Shopping Today

November 14th, 2006 at 12:50 am

Did a lot of shopping today. Went to Walmart. Spent 73.00 used 20.00 in coupons. Went to the Hallmark store and bought DD a Vera Bradley bag for Christmas and received a free gift with purchase 54.00.

Next it was on to do the food shopping. Spent 98.00 at Shop Rite. That total is with 28.00 worth of coupons.

Made meatballs and pasta for dinner. Ice cream for dessert.

A Very Busy Spending Day

October 14th, 2006 at 09:57 pm

I took my daughter bra and underwear shopping today. She really needed them. For some reason the washer and dryer really chew up the underwear in my house. We went to Century 21 and I purchased 5 bra's, 6 underwear and 2 sweaters. Total$129.00

My daughter bought us lunch, 3 slices of pizza $5.70 we brought our own water. Very delicious pizza.

Next we made a stop at Kohl's. They were having a sale today. I purchased a bath mat, 2 vinyl table clothes and a ceramic pumkin candy dish(a thank you gift for my dogs physical therapist). Total=33.00

We had to stop at CVS for a birthday card and an engagement card. Total free. Used my extra care bucks.

I had to run out to the supermarket to get a can of chicken broth 0.75. Our supermarket now has the Red Box which rents new release movies through a big red machine. The price is 1.09 tax included/night to rent a new release movie. Pretty sweet deal as compared to Blockbuster which charges almost 5 bucks a night for a new rental.

All in all, I think I did pretty good. I got items that I needed at pretty decent prices and had a great time with my darling daughter.

September 27,2006

September 27th, 2006 at 11:29 pm

Saved 63.00 in coupons between yesterday and today. Twenty dollars off at Office Max and saved $43.00 in CVS today. Made me quite happy.

On another note. My husband was given prescriptions for his Psoriasis the other day and we were both exasperated at the cost of the copayments. They were astronomical. One copayment was over 200.00. He needed four different creams. We checked out a website in Canada that sold the same medication and the total was 65.00. How is this possible? We are still debating on what creams we will purchase and which ones we will delay purchasing.

Bought my daughter two cute tops at Target today 23.00.