Month #10 locked and loaded! Just two more months to go and our 12 month mission of savings will be complete :) Going by pretty fast too, eh? Gotta put those plans into effect TODAY if you want to see big results later! It all adds up over time!
Here’s where our savings account is now after 10 months:
Pretty wild… Almost $5,000 banked from tiny changes here and there, which would have totally slipped through the cracks if I didn’t go out of my way to track and separate it out. I know I sound like a broken record over all these months, but creating that new savings account and watching it build like this is just so damn motivational! There’s no way I would have appreciated the gains we’ve been making if I hadn’t done that, and now we almost have enough to max out a Roth IRA! It’s incredible. And was incredibly *easy* too…
Though not all is bliss in Challenge Paradise however… I had the following calendar item pop up and smart me decided to completely ignore it.
You’ll notice the date there – June 2nd – and that I even set aside an hour to knock it out. But who likes to argue with their cable company with their precious time? Every year we have to do it and this time I kept pushing and pushing it off until the new bill hit me and BAM! A 30% increase from $90 something to $120 something. Ugh…
You won’t see it in this month’s #’s cuz I’m a few weeks late posting them up (sorry), but needless to say I need to get on the phone with them again and get it all worked out. I already tried calling them once last week, but 40 mins later I wanted to punch myself in the face as I had what seemed to be the worst customer service rep ever. All I wanted to know at the end was what it would cost to keep *internet only*, and the convo went eerily similar to Tonya’s over at TimeCast Cable:
(You HAVE to watch this before moving along… Seriously, it’s hilarious. And very accurate.)
Anyways, I couldn’t even get that info out of them (why do the systems always “go down” when you’re trying to pay less for something?) so I had to get off the phone before I threw it against the wall. It was hell. And I’ll need to do it all over again sometime this week. Pray for me!
Anyways, here’s how June’s savings broke down:
Cell Phones (+$112.58) — Still reaping the benefit of kicking AT&T to the curb and moving to Republic Wireless. It’s never fun switching phones and carriers, but the Benjamin it’s since saved every month since more than makes up for it :) We’ve banked over $1,000 now from that one single change.
Cable/Internet/Phone (+$79.72) — We used to be at $170, then got it down to $90 by canceling some stuff and asking for discounts, and now we’re right back to playing the “I don’t want to cancel you, but I will” game. I’m not gonna lie and say I don’t enjoy watching TV, cuz I do, but if we can’t square this away I’m willing to give it a shot and just be done with it. Whether my wife agrees with me or not is another story ;) (She loves her reality TV)
Car Insurance (+$30.59) — This was the fastest cutting of them all. Literally a 15 min call to USAA and now we’re banking $30/mo since. Verizon needs to take notes…
Winning Lottery Ticket (+$2.00) — This is going to sound funny, but we had an Easter egg hunt last month because we weren’t able to get around to it on actual Easter day back in April :) My mother has put one on every year since we were born, and now that we all have kids it just keeps continuing on. Anyways, I found a golden egg and inside was a winning scratcher – woo!
SOLD: Art Supplies (+$10.00) — My wife asked me to “do something” with this pile of art supplies we had (we have like 10 piles of them for the kids) and so I just put them on Craigslist and a week later they were gone. She asked me what I did with them soon after and I told her, and she wasn’t impressed. She meant for me to just move them somewhere – oops.
SOLD: Old Paper Shredder (+$7.00) — This was a great sale because while this thing normally costs $40+ in stores, it’s blades were all mangled in one area and thus semi-broken. It still worked like a charm, but people tend to not buy up such things unless they’re a good deal. Which at $5.00 it was. Only when I went to make the trade, the buyer didn’t have $5.00 and only had a $10.00 bill, so I ended up with $7.00 since I couldn’t make enough change for her. This is like the 4th time people didn’t bring the correct amount (which is weird, cuz they all know it ahead of time?) but I’ll take that free money all day long… $2.00 is still $2.00!
Here’s what the blades looked like btw:
SOLD: Vintage Lantern (+$10.00) — Oddly enough this was another item I was trying to offload that was broken! It took me 8 months to do so, but lo and behold someone finally wanted it and didn’t mind the crack in one of the panels (which honestly you couldn’t even see anyways). I wanted at least $20 for it, but I grew tired of it taking up space in my basement…
Found Change (+$0.84) — From all my walks over the month… $0.76 worth within 1 block/walk!
And just like that our Challenge Savings account gets $252.73 plumper.
Hope this inspires you to start selling/finding/cutting down monthly expenses too! As MMM once said (which inspired this whole challenge),
“Every permanent drop in your spending has a double effect: it increases the amount of money you have left over to save each month, and it permanently decreases the amount you’ll need every month for the rest of your life.
That’s some powerful $hit right there… And proves watching your expenses is just as – if not more – important than growing your income. And true hustlers do both :)
[Killer David Bowie bill by Zawezome]
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!