Hooray! Finally our minivan is completely paid off! Just in time for us to get a new vehicle to fit Baby J and the rest of our family, ha! We made the last payment yesterday after getting our income tax refund deposited. We paid the van off about 8 months ahead of schedule...wish we had thought to make more principle-only payments earlier in the game. Oh, well, lesson learned--next time we purchase a vehicle, it is cash only for us!
Now we're praying that God will provide a bigger vehicle and give us wisdom and discretion throughout the whole process. Should we keep the minivan as our second car (Ted's little Saturn is nearly run into the ground) or trade it in and hope Ted's car can make it through our next assignment? That's one part of the decision-making process that we face. We have 2 CDs in which funds will be ready to access in late April, plus some money we've set aside from our tax refund. Additionally, the fact that Baby J is due during the Stampin' Up! trip to Hawaii that I earned means that instead of lazing on a Hawaiian beach next month, we'll receive a cash deposit for the value of one person to take the trip. That money will also be available for our vehicle purchase. Now...prayerfully...our little stockpile will be enough to pay for a vehicle with no loan involved, so that we can instead use the money we were making on car payments to pay ourselves and begin another nest egg for future needs!
We've gotten some great advice and input from larger families concerning what our next vehicle choice should be. Now we need to sort through the options and really begin researching!
Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts
February 27, 2009
November 03, 2008
Rice Bag $$ Totals
A week or so after the kids' birthday party, Charis and I sat at the table organizing and counting all the change we've collected for the Rice Bag Project. As a family, we had collected quite a bit of change in the preceding couple of months. But after receiving donations in lieu of birthday presents, Charis and Arden's little bags were bulging! I had some coin rolls on hand, but it turned out to be not nearly enough, at least for the pennies. I am pleased to report that our grand total so far is $159! Approximately $49 of that is in bills or dollar coins...the rest is from LOOSE CHANGE!!!
Praise the Lord! For every $30 raised, Mission India is able to teach an Indian woman how to read and write, thereby giving her much-needed freedom and confidence as she cares for her family. If you haven't already, I encourage you to check out the web site and read the stories about those whose lives have changed as a result of this wonderful work.
January 04, 2008
Saving Money in 2008
There was an article on New Year's Day about saving $2008 in 2008. Sounded interesting, so I perused it to see how exactly I can go about stashing away this money. Here are some of the suggestions:
FOOD AND DRINK:
* Give up just one Starbucks drink a week or else downgrade to regular coffee instead of the pricey espresso-based drinks.
* Replace one fast-food lunch per week with a brown bag lunch. (Can't do it? Just stop super-sizing instead to save 50 cents to a dollar each meal.)
* Skip dessert when dining at a sit-down restaurant.
* Stop making impulse snack purchases at the checkout line.
* Stop buying one bottle of water for $2 or $3 every day.
* Skip the soft drink at restaurants and order water instead.
MY RESPONSE:
Hmmm. I go to Starbucks for a "pricey espresso-based drink" probably once every 2 months. I eat lunch at home every day, and Ted takes leftovers to work every day. We never super-size. Sit-down restaurants are few and far between, let alone splurging on a dessert when we're already stuffed and taking home doggie bags. My kids have pretty much stopped asking me about the treats at the checkout counters, because I never, EVER buy anything there. (Except chapstick--it's hard to find anywhere else, and I do admit that I bought a 96 cent tube of chapstick a couple of weeks ago.) We don't buy bottled water except at Sam's Club, where it averages out to be a quarter a bottle. Even then, it's purchased with the intent of taking it with us somewhere, not just drinking at home. And I already skip soft drinks at restaurants, partly because I'm cheap and partly because I can't stand the taste of soda anymore. This section is not going to help me save $2008...
ENTERTAINMENT:
* Cut out a premium channel, lose the TiVO service, or reduce the number of receivers in your home.
* Use the library instead of always buying new books.
* Bue one less issue of People magazine (or other checkout counter magazine) per month.
* Buy matinee tickets instead of going to the movies in the evening.
MY RESPONSE:
Hmmm. We don't have cable, TiVO, or anything else. We pay nothing for TV! Buying new books, well, that suggestion could help, though we already utilize the library tons and only purchase maybe a few new books each year, typically for gifts for each other. As for buying magazines like People? Bleh! It's bad enough to have to see the covers in the checkout line! With a military discount we can get into evening movies at matinee price, but our outings are limited to once every few months anymore regardless. This section may possibly save us a little bit of money, but if we like a book well enough to buy it, I don't know that we'd want to wait for it to be available at the library anyway.
SHOPPING:
* Use coupons.
MY RESPONSE:
Ha! This is all they could come up with for shopping! OK, I do use coupons, BUT I refuse to scour papers and cut them out. I find that I can use the pull-off ones at the commissary and save several dollars or more each visit. On the rare occasion I do take in a coupon myself, I find that the brand advertised is more expensive than comparable products, so I end up not using the coupon after all. (Thus my decision to stop wasting time cutting coupons.) I suppose this could be beneficial for some people, but for me the time involved just isn't worth it. I suppose if I couldn't shop the commissary I might do it, but even so...the Walmart brand is a lot cheaper than the brands with coupons anyway...so maybe not?
SMOKING:
* Stop doing it!
MY RESPONSE:
We don't even need to go there. As non-smokers, we've already saved tons of money.
UTILITIES:
* Don't pay for services you don't use or need.
MY RESPONSE:
We only pay $27 per month for all our phone services through an internet-phone company. I agree, why pay a local service for caller ID, call waiting, voice mail, etc. when you can save so much money with a different option? We made the switch about a year and a half ago, and despite some initial difficulties, overall we've been pleased enough with the service, especially since we're saving $50 over what we were paying monthly.
MEMBERSHIPS, CLUBS, DUES:
I won't go into this because it's another N/A for us.
YOUR CAR:
* Consolidate errands to save on gas.
MY RESPONSE:
Trust me, with 4 children, I don't exactly hop in the van and drive willy-nilly around town. Our outings are VERY planned in advance!
PAPERWORK:
* Pay bills online.
MY RESPONSE:
We already do!
Well, Las Vegas Review-Journal, I have to tell you that you have not exactly inspired me. What is sad is that so many Americans could truly save money with these suggestions. I think most of my friends and family are pretty frugal already and would likely agree with me that these suggestions are already part of their lifestyle.
How about ideas for saving money if you're already frugal? I'd love to see a list of suggestions from those of us who don't frequent Starbucks or McDonald's! I'll start:
* Two words: God's math. When we put Him first, He truly does pour out the blessings. We have NEVER been able to out-give God!
* Remember it is more blessed to give than to receive: Pass on clothes and items you don't need...and chances are you'll find yourself on the receiving end when you need to be. Somehow we are swimming in clothes for Kenna, even though we have hardly purchased anything for her ourselves. We've been blessed with friends and family who have passed on clothes, and it's so great to dress her up without breaking the bank!
* For variable expenses like gifts, recreation/entertainment, and Christmas, set aside cash each month (according to what your budget allows) and stick to what you have. Don't resort to plastic!
Anyone else want to contribute?
FOOD AND DRINK:
* Give up just one Starbucks drink a week or else downgrade to regular coffee instead of the pricey espresso-based drinks.
* Replace one fast-food lunch per week with a brown bag lunch. (Can't do it? Just stop super-sizing instead to save 50 cents to a dollar each meal.)
* Skip dessert when dining at a sit-down restaurant.
* Stop making impulse snack purchases at the checkout line.
* Stop buying one bottle of water for $2 or $3 every day.
* Skip the soft drink at restaurants and order water instead.
MY RESPONSE:
Hmmm. I go to Starbucks for a "pricey espresso-based drink" probably once every 2 months. I eat lunch at home every day, and Ted takes leftovers to work every day. We never super-size. Sit-down restaurants are few and far between, let alone splurging on a dessert when we're already stuffed and taking home doggie bags. My kids have pretty much stopped asking me about the treats at the checkout counters, because I never, EVER buy anything there. (Except chapstick--it's hard to find anywhere else, and I do admit that I bought a 96 cent tube of chapstick a couple of weeks ago.) We don't buy bottled water except at Sam's Club, where it averages out to be a quarter a bottle. Even then, it's purchased with the intent of taking it with us somewhere, not just drinking at home. And I already skip soft drinks at restaurants, partly because I'm cheap and partly because I can't stand the taste of soda anymore. This section is not going to help me save $2008...
ENTERTAINMENT:
* Cut out a premium channel, lose the TiVO service, or reduce the number of receivers in your home.
* Use the library instead of always buying new books.
* Bue one less issue of People magazine (or other checkout counter magazine) per month.
* Buy matinee tickets instead of going to the movies in the evening.
MY RESPONSE:
Hmmm. We don't have cable, TiVO, or anything else. We pay nothing for TV! Buying new books, well, that suggestion could help, though we already utilize the library tons and only purchase maybe a few new books each year, typically for gifts for each other. As for buying magazines like People? Bleh! It's bad enough to have to see the covers in the checkout line! With a military discount we can get into evening movies at matinee price, but our outings are limited to once every few months anymore regardless. This section may possibly save us a little bit of money, but if we like a book well enough to buy it, I don't know that we'd want to wait for it to be available at the library anyway.
SHOPPING:
* Use coupons.
MY RESPONSE:
Ha! This is all they could come up with for shopping! OK, I do use coupons, BUT I refuse to scour papers and cut them out. I find that I can use the pull-off ones at the commissary and save several dollars or more each visit. On the rare occasion I do take in a coupon myself, I find that the brand advertised is more expensive than comparable products, so I end up not using the coupon after all. (Thus my decision to stop wasting time cutting coupons.) I suppose this could be beneficial for some people, but for me the time involved just isn't worth it. I suppose if I couldn't shop the commissary I might do it, but even so...the Walmart brand is a lot cheaper than the brands with coupons anyway...so maybe not?
SMOKING:
* Stop doing it!
MY RESPONSE:
We don't even need to go there. As non-smokers, we've already saved tons of money.
UTILITIES:
* Don't pay for services you don't use or need.
MY RESPONSE:
We only pay $27 per month for all our phone services through an internet-phone company. I agree, why pay a local service for caller ID, call waiting, voice mail, etc. when you can save so much money with a different option? We made the switch about a year and a half ago, and despite some initial difficulties, overall we've been pleased enough with the service, especially since we're saving $50 over what we were paying monthly.
MEMBERSHIPS, CLUBS, DUES:
I won't go into this because it's another N/A for us.
YOUR CAR:
* Consolidate errands to save on gas.
MY RESPONSE:
Trust me, with 4 children, I don't exactly hop in the van and drive willy-nilly around town. Our outings are VERY planned in advance!
PAPERWORK:
* Pay bills online.
MY RESPONSE:
We already do!
Well, Las Vegas Review-Journal, I have to tell you that you have not exactly inspired me. What is sad is that so many Americans could truly save money with these suggestions. I think most of my friends and family are pretty frugal already and would likely agree with me that these suggestions are already part of their lifestyle.
How about ideas for saving money if you're already frugal? I'd love to see a list of suggestions from those of us who don't frequent Starbucks or McDonald's! I'll start:
* Two words: God's math. When we put Him first, He truly does pour out the blessings. We have NEVER been able to out-give God!
* Remember it is more blessed to give than to receive: Pass on clothes and items you don't need...and chances are you'll find yourself on the receiving end when you need to be. Somehow we are swimming in clothes for Kenna, even though we have hardly purchased anything for her ourselves. We've been blessed with friends and family who have passed on clothes, and it's so great to dress her up without breaking the bank!
* For variable expenses like gifts, recreation/entertainment, and Christmas, set aside cash each month (according to what your budget allows) and stick to what you have. Don't resort to plastic!
Anyone else want to contribute?
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