Monday, June 13, 2011

Yeah, so the big news was the sale of my trailer yesterday. You all know I really didn't want to part with it but I have to face the facts: in less than three weeks Michael and I are heading to our new home in PEI. I knew in my heart (and wallet) that I had to cut back my expenses, I mean, really - who needs three hydro bills?

I already have two property tax bills, double the house insurance and so on - carrying three places was just sheer lunacy...but was a hard thing to do.  So having friends buy it from us, friends who appreciate the same things about the place as we do, is the perfect solution. We still have it for the rest of the season (end of October) so we'll be able to visit a few more times on our own and we'll be able to visit our friends anytime.  No Mark, we can't visit whenever we want and for however long we want BUT we can still visit.

And instead of the trailer sucking money out of my account like a coke float I'm getting an extra few thousand dollars to help me with Crofters Lane - YAY!! All of a sudden I have a bit of breathing room money-wise and that feels really good.

I was also going to tell you about a little challenge I've given myself for the month of June. I want to build up a little cushion of $$ to helps us with the high costs of gas and travelling so I challenged myself to increase the amount of misc. spending money I have for the month instead of spending it. Sounds a little kookoo doesn't it? Not only do I NOT spend my spending money, but I find ways to add to it. 

So here's what I've accomplished so far:
Started with $255 in misc spending on June 1st
-added my $100 entertainment money for the month
-added what I had saved in my Crofters Lane jar - $392
-overestimated LOC interest by $6 and Union Gas by $18
-the gov't gave me a $100 Harmonized Sales Tax Refund cheque
-made $180 on a yard sale
-$7 leftover in the food budget for the first half of the month

I've had a few expenses but I've only spent money on things we're taking to PEI. Today I added in a cash downpayment for the trailer and right now my misc spending now sits at $1,947.00!!! Woo hoo! 

I have a few other places I hope to squeeze money from - the hydro bill, and more from the food and gas budget lines. I'm also going to switch my payroll deposit from the TD Bank to ING for a tidy little bonus of $100.00! I sure wish I could make my money magically increase EVERY month.

What are your challenges for the month of June?


The Borrower said...

Holy cow..could you come make some extra money for me? You are amazing! I read your posts and I am gaining in excitement for you too. hahahaha

Suzy said...

my challenges are to eat as much at home as I can...stay on Weight Watchers..keep working at paying off car loan! That may be July and August as well LOL!


Out My window said...

I want to go with you! I want to live on PEI. I am so excited for you. I can hardly wait.

jpkittie said...

thats awesome jane! congrats on the sale & also on the 'misc spending' category! My goals this month are just the sticking to the budget - I don't want too big of a challenge this month, I just need to get back on track. Well, I guess one of my challenges is coming up with the funds for the property taxes ;) I am at $725 now, $80 per week goes into the account ~ there are 4 more weeks, so I will be sitting at $1045 - amount due is $1390, so I am trying to trim what I am spending on groceries to add it to the envelope to pay the difference of $345 without having to schedule the payment (sorry ~ long comment talking about nothing, huh?!) hehe..

have a great week!

Marguerite said...

That's tough having to give up the trailer but in a couple years time when you have your lovely home on PEI and money in the bank it'll look like a pretty small sacrifice. Good for you thinking about the long term benefits.

SonyaAnn said...

You did the right thing with the trailer. Hard but the right thing. I had to sell my VW bug and it broke my heart but it needed to be done. It was a weight off my shoulders when I found someone that would love and care for it.
Good job with everything that you are doing to help your bottom line!

~Carla~ said...

Wow!! That's wonderful, Jane!! I'm kind f flying by the seat of my pants this month it seems... I wanted to put a good amount of $$ into savings, but it looks looks I'm going to be ard pressed to meet that goal. :(

Sharon said...

Wow! That's amazing how quickly you put all of that money together! I look forward to hearing about PEI all summer!! :)!