Festival of Frugality #89 Picks

The latest Festival of Frugality is being hosted at Filam Personal Finance.  I hadn’t seen this blog before but KRG did a great job of hosting. Here are some of my picks.

The CFO presents Money saving tip: Bust open a 12-volt battery posted at Chief Family Officer.  I never knew this. I’ve avoided buying items that needed button-cell batteries in the past due to the expense but now they are a viable option.

David presents An $8.00 Bottle Of Soap That Cleans Your Entire House…Including You. posted at My Two Dollars.  I’m familiar with Dr. Bronner’s from my long-distance backpacking trips but I never thought of using it at home.
Grace present Thrift or Theft posted at GRACEful Retirement.  Most of the things she mentions are just theft.  I do sometimes watch an extra movie at the theater. The management doesn’t seem to care but I realize it is unethical.

Maybe I'm a Nomad

My lease on my current apartment ends in October and I have already given notice of my intent to move out.  I like my current apartment ok but I just feel a need to move.  I don’t like to be in any one place for too long.  Moving out may be a bad decision because it will be difficult to find a similar place for the same or less rent.  I’ll probably go down to a studio from my current one bedroom.  I really don’t need much space.  The other drawback of moving out is that I’ll have to sign a new lease.  I’d like to be able to just pick up and leave whenever I feel like it.  Since I still have a year of school left and don’t have much money saved that isn’t really an option anyway.  For now moving to a new apartment will be the closest to traveling that I get.

Maybe I’m a Nomad

My lease on my current apartment ends in October and I have already given notice of my intent to move out.  I like my current apartment ok but I just feel a need to move.  I don’t like to be in any one place for too long.  Moving out may be a bad decision because it will be difficult to find a similar place for the same or less rent.  I’ll probably go down to a studio from my current one bedroom.  I really don’t need much space.  The other drawback of moving out is that I’ll have to sign a new lease.  I’d like to be able to just pick up and leave whenever I feel like it.  Since I still have a year of school left and don’t have much money saved that isn’t really an option anyway.  For now moving to a new apartment will be the closest to traveling that I get.

Budgeting and the 60% Solution

The 60% solution is a budgeting method I’ve seen mentioned on a couple of blogs. The basic concept is to limit your committed expenses to 60% or less of your total income.  Then commit 10% each to retirement savings, long-term savings, short-term savings for irregular expenses, and fun money.  Looking at my budget for last month my committed expenses are quite easily under the 60% limit.  I don’t actually follow the 10% guidelines for what to do with the rest of my money but as the article indicates once you have your committed expenses at 60% it is simple to save money.

Since I have a lot of debt to repay I don’t think the 10% guidelines work too well for me.  Right now I just put as much extra money as I can towards debt.  Since I’m frugal I don’t worry that I’ll waste my money without specific guidelines on where to spend it.  I use Pear Budget to do my budget and it works fine for my simple needs.  I use it more as a way to track my income and expenses than as an actual budget.

What's Happening Now

No, I’m not talking about the sequel to the 70’s TV program “What’s Happening” featuring Rerun and his friends. I’m just updating a few things that have happened since I last posted.

I got a ticket on Friday which will cost me $126. If I go through diversion to keep the ticket off my record it will be an additional $20.  I plan on doing that since I haven’t had a ticket in the last 10 years and I would like to keep my MVR spotless. I probably could have avoided this ticket if I would have just agreed with the officer and not argued with him but I thought the officer was wrong and still do.  I’m not sure if being right is worth $146 though.

I’ve decided to go ahead and pay off my credit card even though it is at 0%.  My balance is down to $424 and I think I should be able to pay it off next month. The ticket and some other extra expenses I have next month will make it tight to have enough money to pay off the card though.  If I can’t get the card paid off next month it isn’t a big deal since the card will be at 0% until January.

I bought clothing for the first time this year yesterday.  I bought a couple pairs of swim trunks to double as running shorts at Target.  They were on clearance and the total for both of them was right at $12 with tax.

What’s Happening Now

No, I’m not talking about the sequel to the 70’s TV program “What’s Happening” featuring Rerun and his friends. I’m just updating a few things that have happened since I last posted.

I got a ticket on Friday which will cost me $126. If I go through diversion to keep the ticket off my record it will be an additional $20.  I plan on doing that since I haven’t had a ticket in the last 10 years and I would like to keep my MVR spotless. I probably could have avoided this ticket if I would have just agreed with the officer and not argued with him but I thought the officer was wrong and still do.  I’m not sure if being right is worth $146 though.

I’ve decided to go ahead and pay off my credit card even though it is at 0%.  My balance is down to $424 and I think I should be able to pay it off next month. The ticket and some other extra expenses I have next month will make it tight to have enough money to pay off the card though.  If I can’t get the card paid off next month it isn’t a big deal since the card will be at 0% until January.

I bought clothing for the first time this year yesterday.  I bought a couple pairs of swim trunks to double as running shorts at Target.  They were on clearance and the total for both of them was right at $12 with tax.