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Link du Jour, Another month, another budget

November 1st, 2011 at 07:55 am

Tips on saving money on groceries - article on the food items that have leaped by 12 to 15% in cost this year, why they became expensive, and ideas for substitutions or keeping the costs down.

Now subscribing to my favourite (but not frugal) store for weekly sales, and paying attention to Target coupons -- I live near a Target store, which is great because parking can suck. Although we've had a Target Superstore for a few years, we hadn't much incentive to go there for groceries.

Did I mention I went to Goodwill thrift store yesterday and bought: two sweatshirts, two pair socks, one pair trousers, one pair gloves (maybe too small) for the boy; and one sweater, one wine/burgundy pair of pants, one J. Crew shirt, and a dozen other items all for $34.80? Those are nine items off my replacement list.

I answered a survey for King Arthur Flour and earned a $10 promotional discount, so I bought some gift baking mixes for my aunt and sister-in-law and some Bennsdorp cocoa (awesome for hot cocoa!). The $10 took the edge off the $12 shipping fee, but still.

Budgeting $4200 for the month.

Question for those with mortgages: when the payday falls on the 2nd or 3rd of the month, do you wait until that day to pay the mortgage, or do you pay always by the first of the month? With my old mortgage my self-designed payment date range was four days before to four days after. I ask as December 2 is five Fridays away, and that's three pay periods for us (4th, 18th, 2nd).

11/1/11!! 11111 is not a prime number: it is the product of 41 x 271.

6 Responses to “Link du Jour, Another month, another budget”

  1. MonkeyMama Says:

    I personally love the mortgage grace period and just pay the mortgage when I get paid (er, when I get around to depositing paycheck - which was about the 11th for this month since was on vacation - usually closer to the 3rd).

    That said, I budget more on a monthly basis, and have the money to pay the mortgage 15 days before it is officially due. I like to stay ahead of the curve, but will pay with the next paycheck for improved flexibility and cash flow. (So if I don't deposit my paycheck for 2 weeks, then whatever). Not being able to pay the mortgage until the 1st, 2nd, 3rd is the manifestation of bad financial habits, for me. But, it is the easy way to free up $1000 in a pinch, without touching any savings. But it's a very lazy move when I do that.

  2. creditcardfree Says:

    We have our mortgage on auto payment and it is paid on the 5th of each month. We always get paid on the first, so I'm not even sure where the fifth came from! Works for us.

  3. My English Castle Says:

    I pay the mortgage when I remember knowing I'll forget again later! I love Target. I know they have problems, but Target just makes me happy in the stupidest sort of way. I love my Redcard, their coupons, and I found Eggo pumpkin spice waffles there. I could probably make better myself, but they were delicious. The child and I ate them for snacks.
    Enjoy!

  4. PauletteGoddard Says:

    I keep meaning to get a RedCard. I do like that Target gives to local schools. However, the month after we got our first mortgage, twelve years ago, I applied for the Austin Powers Yahoo! card underwritten by FirstUSA, and was turned DOWN. I just refinanced, I'm freaked about getting turned down again. But then, with a Purchase APR of 22.9% variable, maybe very few people get turned down for the RedCard.

  5. My English Castle Says:

    Hi Paulette:
    I think their standards are probably pretty easy. I applied in the store and was approved in about 30 seconds. They're easy to pay on line--and man, for me, that 5 percent adds up.

  6. Jerry Says:

    I think that the timing of the mortgage payment depends on a few factors. Different companies will lead to different processing speeds, for one thing. When our mortgage was sold it went from a horribly inefficient company to one that was pretty good, and we felt better about things closer to the due date. It also, of course, depends on whether you are paying online or not, because that gives you the backup insurance of a processing date from your bank.
    Jerry

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