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Plan #2: Change to My Savings

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As previously mentioned, I have been adamant in my savings since I started my new W2 job back in March. I have saved 10% of any money that has come in with the ultimate goal of $10,000 in savings. Now that this goal is in sight, it is time to turn my focus to my debt and cut down on my savings.

Where I’m at Now

I’ve recently posted my Monthly Budget and my overall Debt Load. Then I took a cut in works hours and added a new sport. I am LOVING the freedom of working less hours per week.  I get home and get to sit down with the kids without feeling like a weight is on my shoulders to get back to work. I get to spend some of my “down time” when the kids are at practice reading a book for fun rather than focusing on work projects all the time.

However, I do need to look and see where the money is going to come from for Princess volleyball. I do not want this new expense to adversely affect my Debt Payoff Plan. I’ve spent about an hour a day reviewing my budget line by line to see what I can cut or move some money around.

Cut My Savings

Two things stand out as the places to cut…kids’ activities and related costs AND savings.  I think most everything else is pretty bare bones; although, I am looking at that too. But for now, I have decided to change my savings plan.

Instead of saving 10% of all income, I am now going to save 10% of my W2 income only. This cuts this line item almost in half and makes up some of the deficit.

This savings in coupled with my 401K deducted automatically from my W2 income and my Self Lender account where I save $97 per month. I’m looking for a few more cuts before I finalize my new budget.

Thoughts?


Cheap Halloween Kids’ Craft

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After a rocky start to the school year (and a teacher who was replaced a month into the year), we LOVE our new teacher. But I was a little nervous when she texted the class parents at 4:30pm yesterday to say she needed 5 volunteers for a Halloween party today. The volunteers would also need to bring an activity to do for the whole class, supplies and all. Yikes!

I wanted to volunteer because I was planning to work from home today anyway and one of the perks of my job is its flexibility to do things like this! I wish I’d had a little more notice so I could’ve planned a really cool activity, but I set to the interwebs ASAP to find a kids’ craft that is: 1) age appropriate for 5-year-olds, 2) quick, & 3) cheap! Since I’d be providing the supplies I couldn’t get crazy with anything too elaborate or pricey!

Luckily, I found some cute little q-tip skeletons that fit all 3 criteria.

I was able to raid our craft bin for the glue bottles, scissors, and construction paper. I found a free printable for skeleton heads (see here) and printed enough for the whole class. I already had some q-tips on hand, but not enough for the whole class, so I did a quick Target run and bough the cheap store-brand q-tips for a whopping $2.77 (for a 500-count). Can’t get much cheaper than that!

I had so much fun getting to go volunteer in the class! It’s my first time of the school year and I had an absolute blast getting to hang out with my kiddos and meet many of their friends. The kids had several different craft options to choose from, but our skeletons were a big hit (truth be told: I think the kids just wanted to play with the glue bottles because they’re typically only allowed to use glue sticks. lol)

Here’s my kiddo working on her skeleton! Very focused! Oh yeah, costumes were allowed today too. 🙂

Happy Halloween!


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