Frugality


9
Apr 08

WFMW – Homemade Frugal Nursery Curtains

As many of you know, I was laid off from my job of 4 years back in October when I was 2 months pregnant.  Although we’d always planned on me being a stay-at-home mom, we didn’t count on it happening so early in the pregnancy! 

We don’t use credit cards, so our budget is really tight most of the time.  That means that I’ve not been free to shop as much as I desire for our baby.  Fortunately, God has looked out for us and provided us with the basic necessities thanks to our wonderful family and friends.

There are a few things though that we need, and I’ve had to figure out how to “make do” with whatever was available.

One of those things are curtains for the two windows!  It’s hard to believe how very, very expensive simple curtains can be.  It gets even worse if you’re shooting for a “theme” out of a desire for a cute baby nursery.

I’m currently 36 weeks pregnant, and our nursery painting and furnishings have been up for months now.   But until this past Monday, the windows in my baby’s room have been completely bare.  And I hate bare windows – especially at night when you can’t see out….but everyone can see in. 

I needed curtains.  And I wanted them to match the decor. 

So what did I do?

I went scrimiging through my linen closet!  A few months ago I had purchased some nice sheets from the local thrift store (spent maybe, 50 cent each?).  Tucked away in the linen closet, they had almost been forgotten.  But I felt like I struck gold when I found a double sheet with blue & white stripes.  They would make the perfect curtains!

So with my trusty scissors in hand, I cut them in half, threaded the curtain rod through the blue top “hem” part of the sheet, hung them, tied them back with some ribbon that came on a baby gift and WALAH… frugal curtains that matched my baby’s nursery theme.

101_1154.JPG   101_1151.JPG 

My hubby loved the idea so much that he wants me to put a sheet curtain up in the guest bedroom (which he is currently decorating with his Clemson College memorabilia).  And I have the perfect deep purple sheet to offer up in sacrifice. :)

So, see?  Window treatements don’t have to cost a fortune – especially for rooms that you know will be redecorated within a year or two (like a nursery).   A simple cast off sheet (or a cheap set from Walmart) will work wonders, and they’re available in so many colors and patterns!

Bonus?  When Little Jack starts crawling, I can snip off the bottoms of the long curtains and make windowsill length ones without worrying about cutting up something expensive. :)

Living frugally doesn’t mean completely wallowing in gloomy white-walled, bare-window misery.  Just use your imagination and you can come up with all sorts of wonderful decorations.

For more wonderful, practical, and helpful household tips, head on over to Rocks in My Dryer – the weekly host for “Works for Me Wednesdays”.


19
Mar 08

WFMW – Frugal Easter Decorations & Blown Eggs

Whew… I’m pretty late with this week’s Works For Me Wednesday (hosted by Shannon at the Rocks in My Dryer blog!).  Going through 2 funerals in the past week really took a toll on me, so I haven’t felt much like blogging until today.  Anyway….

Being a “newlywed” couple (married in June of 2006) who refuses to use credit (not to mention living on one income and being 8 months pregnant with our first child!), buying decorations for each holiday like I would like to do is pretty much out of the question.  So, in my deliriously happy frugal mode, I came up with some nice but inexpensive Easter decorations this year using my color printer and stuff I found lying around the house! 

First, I made “blown” out eggs and dyed them with some food coloring from the pantry.  This will allow them to last forever (as long as no one squeezes them!!) or at least until Little Jack steps on them next year.  No more stinky, rotten eggs.  (We once found an 3 month old boiled easter egg at my mom’s house….it was still “hidden” under the couch!!)

MAKING BLOWN EASTER EGGS

To make your own, take 1 dozen fresh eggs, and prick two holes (using a needle and a thimble to protect your finger!) in each end of the egg.  Make the hole on the fattest end of the egg bigger than the one on the small end.  Then, placing your mouth on the small hole, “blow” out the liquid egg from the large hole.  I blew my eggs out into a bowl (and then made an egg & cheese cassarole that night).  You’ll also want to fill the egg with some water a few times through the larger hole, shake, and blow out the water.  This cleans the egg inside and removes residue that might end up smelly in a week!

To dye them, boil water, then get out your cups, some white vinegar and food coloring.  Using one cup per color, drip a few drops of color into the cup and fill the cup about halfway with boiling water.  Then, add a tablespoon or so of the vinegar and stir slightly with a spoon.  You can use sturdy plastic cups (make sure they’re ones that can stand up to boiling water though) or regular coffee cups. 

I had a pack of red, blue, yellow, and green food coloring.  Out of those I also made some orange dye (red & yellow drops in one cup) and purple dye (red & blue drops) for my eggs.  Speckled eggs can be made by drizzling the dye drops in the water and NOT stirring.

Next, set your blown eggs into the cup.  Since they have no “innards”, they will float.  That’s fine!  Just be sure to turn the egg shells over a few times, as well as press them down into the dye for a few seconds to make sure the whole egg gets covered.  The longer your egg sits in the cup, the darker it will become.  When it’s the right shade, take the egg out and let the dye water drain (as it may have seeped through the little hole).  Then place the egg into an old egg carton to dry. 

After it is dry, drizzle some olive oil (or oil of your choice) on the egg and buff slightly with a rag to shine!

My eggs ended up with some very lovely shades!   I remember dying (boiled) easter eggs this way with my granny when I was a little girl and have never understood why people have to buy commercial “egg dye” kits.  Plus, I think it’s a lot more fun too.

RECYCLING CALENDARS AT EASTER

For a whimsical “spring” feeling, I used an old calendar that I didn’t have the heart to throw away!  The photos in there were simply so beautiful that I knew they’d come in handy for something.  All of the photos in the calendar reflected the old fashion victorian era.  Using the March, April and May month pictures, I came up with some lovely prints to hang up and place around the living room!

For added frugality, all of my photo frames come from thrift stores.  I never pay more than 50 cent or so for a nice 8×10 frame.  Sometimes I find expensive ones with the original price tags still attatched!  Since we decorate with an old country / southern theme in mind, a hodge-podge of wooden frames suites us well.

In the two pictures below, you’ll see my (calender inspired) artwork, thrift store frames, blown easter eggs, and a cardboard bunny carton that is currently holding my hubby’s favorite snack-of-the-moment (starbursts!).  Oh – and of course the blue stuffed bunny, curtesy of my dog PupPup’s toy chest.

 

PRINTING YOUR OWN EASTER DECORATIONS

Although I use mainly “traditional” easter decor (pastels, bunnies, eggs, etc), you can create a variety of Christian images to cut out and place around the room as well!  An 8×10 photo of the Last Supper, Jesus on the Cross, the Empty Tomb, or other beautiful art prints can easily be found and printed out for free - then put on display.  For our decor, I used clipart from google images and Paint Shop Pro to make some easter egg prints, some grass prints, and a few other easter themed prints.  Then I cut them out and placed them in various spots around the entry way and living room. 

When my hubby, Kevin, arrived home, he had a fun little “hunt” awaiting him because I hid all of the printed easter eggs (that shared our living room color scheme) in the corners of all of our living room frames.  It was his job to “find” them all! 

This was also great practice for when Little Jack gets bigger and we can do real easter egg hunts.  ;)

  

 

MORE INEXPENSIVE EASTOR DECOR IDEAS

It’s hard to tell in the photo, but these little pastel signs are adorable! This one is pastel pink & green, with arrow pointing that say “Flowers 5 Cents” and “Happy Easter”.  The little face is a cute yellow chicken.  I also have an easter bunny one that says “Egg Dying” and “Carrots 10 Cent”.  They are my most expensive easter decorations this year at $1.88 each at Walmart.

The old fashion country bunny in the primitive dress was a great thrift store find a few months ago for only 10 cent. 

  

AND FINALLY….

A tribute to my soon-to-be-born son!  His Nana (Kevin’s mom) gave him the (very beloved) children’s book “Guess How Much I Love You” at our baby shower back in January.  The pastels and bunny photos were too cute to hide away in his nursery!

Being frugal is hard sometimes, especially when you love to decorate with each month’s holiday in mind!  I could easily go crazy buying all the cute decor out there.  But alas, we simply can’t afford it.  Hopefully, these ideas may inspire your own creativity and encourage you to look around your own home for decorating objects. 

Then you’ll truly be thinking outside the egg…uh.. box.  :)


6
Feb 08

WFMW – Keep Your Wallet a FatWallet

Ok… I know, I know. 

I’ve already posted a WFMW today with links to my favorite online shopping sites (ones that completely support home-based businesses).  But it suddenly occured to me that with all of the online shopping sites being promoted by Mr. Linky at the Rocks In My Dryer WFMW tip page, there is one place you should always go before you shop online!

www.FatWallet.com

FatWallet is an online tool / community / forum / wiki all rolled into one.  It provides the best up-to-date information about online coupons, forums where people share hot deals they have found, plenty of discount codes, tips on how to get things for free.

They also have a dedicated “online stores” section where links to corporate shopping sites (such as staples, photoworks, and even American Eagle!) offer cash back percentage on EVERY order.  Some companies even give a cash reward (such as $10 for first time orders), which means “profit to you!” if your order cost is only a few dollars in the first place!

To make this site work for you, sign up for a free membership account.  Then, whenever you are in need to “shop” for something (anything!) go to fatwallet first, ensure that you are signed in, then search their list to see what cash back offers they have.  Click on the desired link - you’ll then be taken to the site you were going to go to in the first place (i.e. Banana Republic), but now when you order, you’ll be given a cash back discount which will appear in your FatWallet account within 30 days.  It will be “on hold” at first (to protect FatWallet from losing money on product returns to the original company) and it usually takes 2-3 months for the hold to be released.  After the hold is released, you can request a direct deposit or check to be sent to you for the amount in your FatWallet account!

If the company you are wanting to buy from, or the product you need, is not in their cash back list, head over to the forums and do a “search” for the product you are looking for a discount on.  Someone in the forum probably has some valuable information for you!  The forums also hold great tips on current credit card / bank promotions (i.e. $100 bonus for signing up for ABC Checking..or whatever!).  In-store deals are also discussed on how to make the best use of paper coupons.

So what are you waiting on?  Head over to www.FatWallet.com and sign up.  Then don’t forget to go there first before shopping anywhere online!  You’ll save money every time. :)

Here is a list of current companies that offer cash back from every order that is generated from FatWallet users!

4.0% * 1-800-Flowers.com
  12.0% * 1-800-PetMeds
  20.0% * 123Inkjets
  5.0% * 1800Contacts
  4.4% 39DollarGlasses.com
  10.0% 4checks.com
  17.0% 4inkjets
  5.0% 911HealthShop
  6.0% A&E/The History Channel Store
  5.0% A.T. Cross
  2.5% a1Books
  8.8% AAA Fruit Baskets
  12.0% Abacus24-7
  5.0% * AbeBooks
  2.0% AbtElectronics
  7.0% AC Lens
  3.0% * Ace Hardware
  6.0% Adagio Teas
  5.0% * adidas.com
  6.0% * Adobe Store
  3.0% * Aeropostale
  1.5% AJ Madison
  6.0% AJ Prindle & Company
  5.5% Alibris
  1.0% Alienware
  4.0% Allergy Buyers Club
  3.0% Alloy
  4.0% Altrec Outdoors
  Amazon
  3.3% American Blinds, Wallpaper & More
  2.0% American Eagle Outfitters
  $15.00 * American Express
  American Express Canada
  1.0% * Apple Store
  1.0% * Apple Store Canada
  3.0% AppliancePartsPros.com
  5.0% Armani Exchange
  19.0% Art Select
  art.com
  4.0% Ashford
  AT&T Wireless
  $20.00 * AT&T Yahoo!
  Tier * Audible.com
  5.0% AutoAnything
  10.0% AutoCheck
  6.0% Avenue.com
  B back to top
  B&H Photo Video
  2.0% BabyAge
  5.0% BabyCenterStore.com
  4.0% BabyUniverse.com
  5.0% Backcountry.com
  10.0% Bagsbuy.com
  3.0% Banana Republic
  Tier * Bank of Internet USA
  7.0% BareNecessities
  Tier * Barnes & Noble.com
  Baseball Savings
  4.0% * Bass Pro Shops
  5.0% Batteries.com
  7.0% * Beauty.com
  2.0% Belkin
  6.0% Bellacor
  3.0% * Best Western International Hotels
  $10.00 * Bidz.com
  5.0% Big Girls Bras, Etc
  6.0% Birkenstock Central
  6.0% Blair
  4.0% Blinds Chalet
  3.0% Blinds.com
  4.0% Blindsgalore
  $20.00 * Blockbuster Online
  2.0% * Bloomingdale’s
  3.0% * Blue Nile
  25.0% BlueDolphin
  5.0% Bluefly
  5.0% BoatersWorld.com
  8.0% Boca Java
  6.0% The Body Shop
  7.5% * BodyBuilding.com
  7.0% Book Closeouts
  1.1% Books-A-Million
  2.0% * Borders
  4.0% Boscovs
  8.0% Botanic Choice
  5.0% Bowflex
  8.0% * Breck’s
  3.0% * Brooks Brothers
  6.0% * Brookstone
  3.0% Brylane Home
  Budget Rent a Car
  5.0% BunnyShop
  1.0% * Buy.com
  12.0% BuyBeauty
  7.0% BuyCostumes
  C back to top
  2.0% * Cabela’s
  CafePress
  10.0% Calendars.com
  3.0% Callaway Golf Pre-Owned
  5.5% * Calumet Photographic
  4.0% Calvin Klein Underwear
  3.3% Cambridge Soundworks
  3.0% * Camera World
  4.0% Camping World
  CampusTech
  4.0% Canvas On Demand
  Capital One Direct Banking
  Car Toys
  Tier * Carnival Cruise Lines
  Carrot Ink
  CarsDirect
  3.0% Casual Male XL
  3.0% Catherines
  CatsPlay.com
  3.0% CCS
  Celebrate Express
  10.0% Cell Phone Shop
  CellHut.com
  2.0% CensusPC
  3.0% Chadwick’s
  6.0% Champion Catalog
  Charter High Speed Internet
  Chase Online
  $3.00 Cheap Tickets
  5.0% ChecksUnlimited
  6.0% CHEFS
  50.0% * Chemistry.com
  10.0% Cherry Moon Farms
  5.0% * Cheryl & Co.
  ChiefValue
  3.0% * Choice Hotels (Comfort Inn/Econo Lodge/Rodeway Inn…)
  2.0% * Circuit City
  6.0% ClassicCloseouts.com
  1.5% ClubIT.com
  7.0% CoastalContacts.com
  6.0% CoffeeforLess
  Collectibles Today
  3.0% * Collections Etc.
  $10.00 * Columbia House DVD Club
  ComcastOffers.com
  The Company Store
  1.5% Computer Geeks
  2.0% Computers4SURE
  6.0% Cooking.com
  8.0% Costume SuperCenter
  3.0% Country Inns & Suites
  Cox High Speed Internet
  7.0% * Crabtree & Evelyn
  1.0% CreativeLabs
  Cricket Wireless
  5.0% * Crucial Technology
  1.0% * Crutchfield
  3.0% Cyberguys
  11.0% Dale & Thomas Popcorn
  7.0% Dan’s Chocolates
  5.0% Danskin
  Darling Shoes
  5.0% David’s Cookies
  3.0% dELiAs*cOm
  1.0% Dell Canada
  3.0% * Dell Home Systems
  3.0% Dell Outlet
  1.5% * Dell Small Business
  Delta
  5.5% DERMAdoctor
  3.0% Design Within Reach
  6.0% Designer Linens Outlet
  Tier * Diamond.com
  8.0% Diamonds International
  1.0% Diapers.com
  4.0% * Dick Blick Art Materials
  7.0% * DicksSportingGoods.com
  Directron
  $35.00 * DIRECTV, Inc.
  Discount CandleShop
  Discover Card
  $1.00 Discover Gift Card
  Tier * Discovery Channel Store
  7.0% * dog.com
  3.0% * Dollar Rent A Car
  1.0% * Domestications
  3.0% * Dr. Jays
  Tier * Drs. Foster & Smith
  7.0% * drugstore.com
  DVDPlanet
  7.0% e.l.f. Cosmetics
  EagleBit.com
  6.0% * Eastbay
  4.0% Eastern Mountain Sports
  8.0% * eBags
  6.0% eBatts.com
  1.0% * eBay
  EBgames.com
  3.3% eCampus.com
  2.1% * eCOST.com
  4.0% Eddie Bauer
  4.0% Eddie Bauer Outlet
  3.0% eDesignerShop
  Edmund Scientifics
  $4.00 eFax
  2.5% * eforcity
  2.0% ElectronicsNation
  3.0% eLUXURY
  EmigrantDirect.com
  $3.00 * EMusic
  7.0% Endless.com
  Enterprise Rent-a-Car
  $7.00 * Entertainment Books
  EpsonStore
  12.0% Equifax
  6.0% ESPNshop.com
  5.0% Esprit
  3.0% * eToys
  5.0% EVOGEAR
  1.4% * Expedia.com
  6.0% EyeBuyDirect
  F back to top

5.0% Fabric.com
  10.0% Famous Footwear
  8.0% * Fannie May Candies
  3.0% * FAO Schwarz
  3.0% Fashion Bug
  FastFloors.com
  10.0% Fathead.com
  4.0% * Fingerhut
  5.0% FinishLine.com
  Fira Cosmetics
  7.5% Fleurop.com
  3.0% * FogDog
  6.0% * Folica Beauty Supply
  6.0% FoodSaver
  6.0% Foot Locker
  10.0% * FootSmart
  10.0% FOSSIL Online
  3.0% * Four Points by Sheraton
  10.0% * FragranceNet.com
  3.0% FramesDirect.com
  6.6% FranklinCovey
  4.0% * Frederick’s of Hollywood
  10.0% FTD.com
  1.5% * Furniture.com
  3.0% FYE.com
  3.0% G by GUESS
  5.0% GAIAM
  $10.00 * GameFly
  3.0% GameStop
  GameznFlix.com
  3.3% Gap.com
  7.0% Gardener’s Supply Company
  9.0% * Gardens Alive!
  Tier * Gevalia
  Giardinelli Music
  3.0% * GiftCertificates.com
  8.0% * GNC
  11.5% * GoDaddy.com
  5.0% Godiva Chocolatier
  3.0% GoGamer.com
  Golf Galaxy
  3.0% * The Golf Warehouse
  5.0% golfballs.com
  5.0% * Golfsmith
  Goody’s
  7.0% Gorton’s Fresh Seafood
  12.7% * Got Fruit
  Tier * Green Mountain Coffee Roasters
  10.0% Griffin Technology
  GrowerFlowers.com
  3.0% GUESSFactory.com
  GuitarCenter
  9.0% * Gurney’s Seed & Nursery
  6.0% * H20 Plus
  Haband
  3.0% Half.com
  11.0% * Hallmark Flowers & Gifts
  7.0% * Hammacher Schlemmer
  Handango
  4.0% HandHeldItems
  5.0% Hanes.com
  Hawaiian Airlines
  5.0% HearthSong
  8.0% Hello Direct
  5.5% Hickory Farms
  6.0% Highlights Catalog
  6.0% HobbyTron.com
  Hockey Giant
  6.0% Home Bistro
  4.0% Home Center
  3.0% * Home Decorators Collection Outlet
  3.0% HomeClick
  8.8% The HomeMarketPlace
  9.0% * HomeVisions
  6.0% Hot Topic
  4.0% * Hotels.com
  2.0% * Hotwire
  3.0% * HP Home Store
  3.0% HP Small Business
  HSBC Direct
  4.0% * HSN
  11.0% * ICE.com
  2.0% iFloor
  12.0% iFrogz
  7.0% igourmet.com
  7.0% * Illuminations
  ING Direct
  InkCarts.com
  5.5% Instrument Pro
  3.0% * InterContinental Hotels (Holiday Inn/Crowne Plaza/Staybridge Suites…)
  Iomega
  12.0% iPrint.com
  4.0% iRobot
  7.0% Irv’s Luggage Warehouse / Executive Essentials
  2.0% * iTunes
  2.0% * J&R Music & Computer World
  5.0% JC Whitney
  3.0% Jessica London
  10.0% JJ Kent Jewelry
  6.0% Joann.com
  4.0% Jockey
  6.0% Johnston & Murphy
  4.0% Jones Soda Co.
  5.0% Jos. A. Bank
  2.0% JourneyEd
  5.0% Just My Size
  2.0% JustDeals.com
  3.0% * KBtoys
  8.0% * Kiehl’s
  3.0% King Size Direct
  2.0% Kmart.com
  7.0% * Kodak EasyShare Gallery
  4.0% * Kodak Online Store
  2.0% Kohl’s
  4.0% L’Occitane
  6.0% * Lamps Plus
  6.0% Lancôme.com
  3.0% * Lands’ End
  6.5% * Lane Bryant Catalog
  3.0% LaneBryant.com
  6.0% Laptops For Less
  2.0% Last MinuteTravel
  lastminute.com
  3.0% LeapFrog
  5.5% Leaps and Bounds
  3.0% Lee Jeans
  3.0% * LEGO
  8.0% * Lenovo
  2.0% Lenovo Canada
  6.0% Lenox
  6.0% Lens.com
  4.0% Lensmart
  Tier * LetsTalk.com
  8.0% Lids.com
  6.0% Lillian Vernon Online
  4.0% Limited Too
  9.0% LimogesJewelry.com
  3.0% * Linens-N-Things
  5.0% Linensource
  3.0% Little Tikes
  8.0% LizClaiborne.com
  6.0% Lobster Gram
  3.0% Lucky Brand Jeans
  7.0% LuggageGuy
  2.0% Lumber Liquidators
  2.0% Mac Connection
  2.0% MacMall
  3.0% * Macy*s.com
  25.0% * Magazines.com
  8.0% Makeup.com
  1.0% * Marriott
  MasseysOutfitters.com
  30.0% * Match.com
  4.0% * MC Sports
  12.0% McAfee.com
  1.0% Meritline
  3.0% metrostyle
  MGM MIRAGE
  9.0% * Michigan Bulb Company
  6.0% * Mikasa
  3.0% Miles Kimball
  4.0% MisterArt.com
  6.0% MLB.com Shop
  3.0% * Modell’s
  Tier * Mondera
  7.0% * Montgomery Ward
  5.0% Moosejaw
  12.0% * MotherNature.com
  2.0% MotorCycle Superstore
  6.0% Mrs. Fields Cookies & Gifts
  3.0% MTV Networks (MTV Shop, ComedyCentral Shop, CMT Shop…)
  4.0% Music123
  MusicBoxes.com
  Select * Musicians Friend
  2.0% Mwave
  10.0% myFICO
  $2.50 * Napster
  3.0% * NASCAR.com Store
  6.0% National Geographic Store
  $18.00 * Netflix
  NetMagazines
  4.0% * New York & Company
  1.0% * Newegg
  6.0% * NFLShop
  4.0% * Nickelodeon Store
  6.0% Nike Store
  3.3% * Nordstrom
  3.0% Northern Tool
  3.5% NOVICA
  8.0% * Nutrisystem
  Oakley.com
  1.0% * Office Depot
  3.3% Old Navy
  OneCall
  3.3% OneHanesPlace
  $6.00 OneShare.com
  5.0% * OneStepAhead
  6.0% OneStopPlus
  7.0% * Onlineshoes.com
  2.0% onSale
  $3.00 * Orbitz
  2.0% Oreck
  3.0% Oriental Trading Company
  8.0% * Origins
  3.0% * Orvis
  6.0% Outdoor Decor
  4.0% * Overstock.com
  Overton’s
  1.5% Pacific Geek
  2.5% Pacific Sunwear
  Tier * Packet8
  6.6% Palm Beach Jewelry.com
  4.0% Palm, Inc.
  3.0% Panasonic Direct
  12.0% Panda Software
  Pans.com
  5.0% Paragon Sports
  6.0% * Park Seed
  3.0% Parts Express
  5.0% PartsAmerica
  4.0% PartStore
  4.0% Patagonia
  7.0% Paul Fredrick Menstyle
  8.0% Payless ShoeSource
  2.0% PC Connection
  1.5% PC Mall
  1.5% PC Microstore
  $5.00 * Peapod
  $22.50 * PerfectMatch.com
  5.0% Perfumania
  8.0% * Perfume Emporium
  9.0% * Perfume Worldwide
  6.0% Perfume.com
  12.0% Personal Creations
  12.0% * PetCareRx
  8.0% * Petco.com
  5.0% PetFoodDirect.com
  7.0% PETsMART.com
  7.7% Pfaelzer Brothers
  4.0% Pfaltzgraff
  2.0% Philips
  Photobucket
  6.0% * PhotoWorks.com
  $7.00 * Pingo
  7.0% Piperlime
  $40.00 * Pitney Bowes
  Play-Asia.com
  4.0% Plow & Hearth
  8.0% The Popcorn Factory
  2.0% * Priceline Cruises
  3.0% * Priceline.com
  Printfinders
  10.0% * ProFlowers.com
  6.0% Puma
  7.0% Puritan’s Pride
  10.0% * Quicken
  3.0% QVC
  3.0% * RadioShack.com
  Radisson Hotels & Resorts
  Rampage.com
  $12.00 * Real Arcade
  $16.00 * RealtyTrac
  7.0% * RedEnvelope
  3.0% RedOctane
  3.0% * Reebok Store
  3.0% * REI.com
  10.0% Restaurant.com
  Tier * Rhapsody
  3.0% * RitzCamera.com
  Road Runner High Speed Online
  5.0% * Road Runner Sports
  3.0% Roaman’s
  7.0% Robeez
  4.0% * RockCreek
  3.0% Room for Kids
  4.0% Roots Direct
  3.3% Ross-Simons
  6.0% Roxio
  6.0% Rugman.com
  6.0% S&S Worldwide
  $2.00 Safeway
  3.0% Saks Fifth Avenue
  6.5% SameDayMusic
  3.0% Samsonite
  6.0% The San Francisco Music Box Company
  2.0% * Sandals & Beaches Resorts
  2.0% * Sears.com
  4.0% * Second Act
  4.0% * Sephora.com
  7.6% * The Sharper Image
  3.0% * Sheraton Hotels & Resorts
  8.0% ShindigZ
  Tier * Shockwave Games
  10.0% Shoebuy.com
  10.0% ShoeMall
  13.0% * Shoes.com
  Tier * SHOP.COM
  5.0% * Shop.NHL.com
  4.0% Shop4Tech
  5.0% * ShopAtHomeTV
  6.0% shopbop.com
  6.0% shopKitchenAid.com
  4.4% ShopNBC
  3.0% ShowPlace
  Tier * Shutterfly
  Sierra Trading Post
  5.0% Signature Days
  SilverJewelryClub.com
  6.0% Simple Shoes
  7.0% * SIRIUS Satellite Radio
  3.0% Six Flags
  4.0% Skechers
  8.0% * SkinStore.com
  4.0% SkyMall
  Tier * Skype
  5.0% SmartBargains
  6.6% * Smarthome
  7.0% SmileMakers
  6.0% Smith+Noble
  10.0% * Snapfish
  4.0% Soccer.com
  Software Outlet.com
  7.0% * Sony
  3.0% * Southwest Airline Vacations
  6.0% * SpaFinder
  8.0% SpaLook
  7.0% Spirit Halloween
  2.5% * Sport Chalet
  3.0% * Sports Authority
  9.0% * Spring Hill Nurseries
  4.4% Stacks and Stacks
  Stamps.com
  Staples
  12.0% Steve Madden
  6.0% Sticker Giant
  5.0% * Stonewall Kitchen
  6.6% StrawberryNet
  4.0% StubHub
  1.0% * Super Warehouse
  3.0% Supermediastore.com
  Surplus Computers
  8.0% SwimsuitsForAll.com
  4.0% The Swiss Colony
  6.0% SwissOutpost.com
  Symantec
  Tier * T-Mobile
  Tier * TaxBrain
  12.0% * TaxCut from H&R Block
  2.0% Tech Depot
  Tech for Less
  5.0% The TechGeek
  10.0% Teleflora
  6.0% Teva
  3.3% TextbookX
  TheNerds.net
  ThinkGeek
  Thrifty Rent-A-Car
  Ticketmaster
  5.0% TicketsNow
  TigerDirect Canada
  3.0% TigerDirect.com
  4.0% Tilly’s
  8.0% TimeLife
  3.3% The Tire Rack
  Tier * TiVo
  2.5% ToolKing.com
  5.0% Torrid
  2.0% Toshiba
  TotalVac
  7.0% * TracFone Wireless
  TradePub.com
  1.2% * Travelocity
  10.0% Trend Micro
  4.0% True Jeans
  TrueCredit by TransUnion
  8.0% * TurboTax
  2.5% * uBid.com
  5.0% Ugg Australia
  6.0% Uncommon Goods
  $2.00 * United Airlines
  2.0% United Vacations
  7.0% The Upper Deck Store
  10.0% Uptown Prime
  3.0% * Urban Outfitters
  US Search
  $10.00 * USA Today
  25.0% ValueMags
  1.5% Vanns
  Venere
  $20.00 Verizon High Speed Internet
  $15.00 Verizon VoiceWing (VOIP)
  Verizon Wireless
  3.0% The Vermont Country Store
  ViaTalk
  3.0% * Viator
  7.0% * Vision Direct
  12.0% VistaPrint.com
  6.0% Vitacost.com
  6.0% * Vitamin Shoppe
  8.0% Vitamin World
  $15.00 * Vonage
  $2.00 Vons
  2.0% * Wal-Mart
  10.0% Wall Street Journal
  8.0% Walter Drake
  Washington Mutual (WAMU)
  5.0% WatchZone
  5.0% WBShop.com
  $5.00 * WeightWatchers
  2.0% West Marine
  Tier * Western Union
  3.0% * Westin Hotels & Resorts
  3.0% * Wet Seal
  6.3% * Wilsons Leather
  5.5% * Wine Enthusiast
  3.0% * WolfCamera
  3.0% Woman Within
  3.0% Woodwind & Brasswind
  8.0% WorldofWatches.com
  WTDirect
  3.0% Wynn Las Vegas
  $12.00 * XM Satellite Radio
  Xoxide
  YesAsia.com
  4.0% * YOOX.com
  10.0% * Yves Rocher
  Tier * Zagat
  4.0% * Zales.com
  6.0% * Zappos
  12.0% * Zazzle
  15.0% zChocolat.com
  17.0% * Zinio Digital Magazines
  ZipZoomfly.com
  8.0% ZIRH Men’s Skin Care


27
Jan 08

Investing for Babies and Kids

Many of you who know me know of my love of investing and saving for the future.  I’ve had a 403b retirement account since I was 21 (go me!), my husband has his 401k, and we also have a ROTH IRA.  A plan to have our home mortgage paid off in 10-12 years is in the works, and we are currently studying up on owning & investing in rental properties (preferably 10+ unit apartments) and land. 

So, for now, our far-down-the-road futures seem to be taken care of.  Maybe we’ll retire when we’re 45?  :)  

Yet, with all of our planning, we are behind on investing for our child.  I’ve researched investing plans, and at one time was going to open up a Coverdell until  I realized you had to have a social security number for the child in question.  And of course, since we had no children born yet, I couldn’t provide one.  So things just slipped into the back corner.

Now, with the birth looming in 3 short months, we’ve decided to get on the ball with Little Jack’s savings.   Over the past few weeks we’ve scrounged for change in all sorts of odd places, emptied our piggy banks, and stashed away any cash or checks presented to us at baby showers or “for the baby”.  

Then we opened a high interest savings account and plopped in a total of $147.50 for our baby.   It’s not much, but it’s a start, right?

The plan now is to continue with contributions to it until it reaches the minimum amount required to open a mutual fund for him at our brokerage, T ROWE PRICE.  It’s undecided now as to what type of account we will use.  For those of you who are unfamiliar with ways to invest for your child’s future, I’ll go over what I’ve learned.

High Interest Savings Account

  • Best % rates are found with online accounts (HSBC, ING Direct, Emigrant Direct)
  • Good for short term, but won’t earn much in the long run
  • No risk, FDIC insured, won’t lose capital
  • Interest rates fluctuate over the years, but typically remain low
  • Money can be taken out at any time
  • Interest is taxed
  • No special rules apply to use

529 College Savings Account

  • Tax-free growth (when conditions are met*)
  • Money must be used for college expenses to be tax free
  • Money is typically invested in the stock market…
  • …Riskier investments, possible loss of capital
  • Research is needed to determine the best investment choices (stocks, mutual funds, bonds)
  • Weighted / Timed mutual funds are available to coincide with your child’s age (aggressive growth at first, then remodeled for more conservative capital retention as your child approaches college age)
  • Owned by the Parent (which is great for financial aid considerations)
  • Many states provide their own acounts with great benefits
  • Transferrable to another child
  • Transferrable back to the parent if child doesn’t attend college

Custodial Account

  • UTMA (Uniform Transfer to Minors Act)
  • Opened in the child’s name & SSN
  • Parents are custodians of the account until child reaches 21
  • Can be used by the parent to provide provisions to the child
  • Child takes posession at age 21 and then can spend as he sees fit
  • Under age 14, distributions are taxed under the Kiddie Tax Provision
  • Counts heavily against the child for college financial aid

Pre-Paid College Account

  • Operates like a 529 Account
  • Allows you to lock in today’s tuition rates to pay for tuition in 18 years!
  • Helps you beat the typical 6% college tuition yearly inflation rate
  • Considered a parental asset (thanks to the 2006 Pension Protection Act)
  • Tied to a certain group of specific in-state public universities, or a group of private universities
  • Many states offer payment plans
  • Typically not transferable to another group

Coverdell Educational Savings Account

  • Previously known as Educational IRA
  • Works similarly to a ROTH
  • Considered a parental asset
  • Distributions are tax free for any educational use from Kindergarten to College (*Until 2010)
  • Can not be transferred back to a parent, all money eventually goes to the child
  • Difficult to coordinate with Hope & Lifetime Learning tax credits
  • Money must be withdrawn for education before child reaches 30 in order to remain tax-free
  • Has a low yearly contribution limit
  • No contributions allowed after child reaches 18

ROTH IRA

  • The individual parent is the owner
  • Has a yearly contribution limit
  • Earnings (interest / growth) are heavily taxed if withdrawn before parent reaches 59
  • Contributions (money you put in yourself) can be withdrawn tax-free  at any time because tax was paid up front before you contributed it
  • Invested in the Stock Market (Can be safe or risky, depending on your stock choices)
  • Alternative to other educational savings if college isn’t forseen in your child’s future
  • Good choice if parent is not planning on providing much money towards child’s college
  • If parent is beyond age 59, all money can be withdrawn tax-free if account has been held for 5 years
  • Remains a part of the parent’s retirement portfolio if money is not used for education

….so that’s what I know.  We were once considering a Coverdell ESA because of the ability to use it for education before college – but we’ve now learned that there is a possibility that this benefit may cease in 2010. 

I like the idea of using a ROTH as a savings vehicle, because at this time Kevin and I are undecided about how much we’d like to contribute to college costs.  We don’t want our child saddled with thousdans of dollars in student loans, but we do want to encourage them to look for grants and scholarships, along with working their own jobs.  However, if the Coverdell benefit of tax-free K-12 education distributions ends in 2010, we’ll most like end up focusing on splitting savings between the 529 Account and a regular savings account – one will be for college, another as a gift for his 21st birthday.  Hopefully by that time he will have at least some investment gumption about him and not frill it all away partying.  But if he does, that’s ok too.  Our gift to him will be just that – a gift.  He’ll learn from it one way or another (partying and losing it all, or investing and seeing it grow). 


27
Jan 08

Frugality as a Stay at Home Wife / Mom

As I’ve mentioned before, my husband and I no longer use unsecured credit. 

For a young newlywed couple such as ourselves, the temptation that an easy-to-swipe credit card holds is simply too great.  Also, even during the times when we fooled ourselves into thinking we weren’t spending too much, our purchases far numbered what it would have been if we’d stuck to a strict pay-upfront-only budget. 

“But what about using the card for the rebate?”

A few months before marriage,  in April of 2006 I was granted a great little card with no annual fee, 0% interest on all purchases for 12 months, and a 5% cash rebate on all gash, supermarket, drugstore, and Super Walmart purchases (and 1% everywhere else).  Great!  We’ll use that for everything and save money!  Afterall, it’s 0% interest and 5% rebate!

Terrific deal, right?

Wrong.  Bad deal.

The freedom we felt with that card and the ease of access to funds, coupled with our infant knowledge of budgeting a dual income household with bills eventually led us to a whopping $11,600 in credit card debt by November of 2006.

Talk about feeling like a slave!  Before he met me, my poor husband had never even touched a credit card.  He prefers cash only in every aspect of life.   Now here he was, only 6 months after saying “I Do”, saddled with not only the credit card debt, but with a new mortgage, and 2 car loans.   I felt like I had failed him miserably, and I felt like a miserable failure.  Even at that time, I was known amongst friends as being frugal (or “cheap cheap” as they called me!).  We didn’t have a bunch of fancy new furniture or exotic vacations.  In fact, to this day, I have no idea how we ran up the debt so fast.  Worst of all, we had nothing to show for it.  Perhaps it was due to unaccounted for spending during our honeymoon?  Perhaps it was from the $2000 downpayment we’d “borrowed” for Kevin’s new car?  Perhaps it was the unbudgeted grocery shopping at Super Walmart?  I’m not sure, but I felt like I was living a lie!  How “frugal” was a person with $10k+ in unsecured debt?

So right before my 24th birthday, at the end of November 2006, we sat in the living room (while I was in tears over our plight) cutting up the credit cards.  We both vowed then to truly focus on learning how to control our money habits better (although it would be nearly a year before we developed our budget notebook) – and never use credit cards again.

Our pledge to ourselves has worked wonders.  We haven’t touched a card since – and our $11,600 debt load is now less than $3000.  Kevin’s 2006 chevy sedan will be paid off by April, and my 2004 SUV will be paid off by December.  Plans are also in the works to have our mortgage paid off within 10 years!

Now.   That brings us back to living frugally.  How did we do it?

First of all, I don’t believe any household can run smoothly – or frugally - without an excellent bookkeeping / financial mangement system.  I know ours sure didn’t.  I’m the “head financial manager” (aka, wifely bookkeeper :) ) in our family, but our budget sheets allow us both to fully understand everything going on with our accounts.  Excellent records allows our cash flow to go where it needs to go, when it needs to go, and we always stay on top of whom it needs to go to!  It also shows us areas where we may need to cut back (such as if we have too many stops at Big Lots one month!).

We also live frugally by keeping a simple lifestyle.  Perhaps 99% of our furniture and decorative pieces were gifts or purchased second-hand.  We have no qualms with second hand or thrift store items.  In fact, we’d enjoy not having to spend a fortune on it! 

Clothing is perhaps the biggest thing we save on.  When I was younger, I lived for a new pair of jeans.  During my single years it was nothing for me to drop $400 in one shopping session.  It was theraputic!  Nowadays, however, we rarely ever purchase new clothes outside of the unmentionableunderwearandpanties. :)   95% of our clothes now come from second hand shops.  What’s weird is we now wear mainly name brand stuff due to my uncanny ability to find a perfect, sexy pair of Banana Republic or Nautica Jeans for 30 cent at the bottom of the Goodwill bin.  Before our pledge to frugality, we were stuck with Walmart finds and a high clothing bill!  Our baby will also be decked out in Carters, Baby Gap, Disney, and Gymboree thanks to our local thrift store and the people who feel led to get rid of their old stuff.

Our couch and dining room table together cost a total of $150 – my parents purchased it for us from an old lady’s son in a ritzy neighborhood downtown.  She was in a nursing home and he was just clearning out things.  The 3 lamps in our living room were second hand, as well as our wooden coffee table ($5 at a garage sale plus a little sweat equity with sand paper!).  Our entertainment center was a gift from my father, and our (very very comfy!) leather chair was a cast off from Kevin’s birth mother.  Our washer and dryer are the same old ones that were here when we purchased our home in March 2006, as well as our refrigerator.  Our living room television is my 10 year old 19″ TV from teenagehood, our bedroom chesterdrawers are from an old set my mom was getting rid of, our bed frames and oak headboard belonged to my Grandmother, and our kingsize mattress was a wedding present from our uncle.  Even our wall decorations are second hand.  We both love a deep colored, rich, country themed decorating style – so antique looking prints in wooden frames that sell for pennies on the dollar at our local thrift stores are awesome finds for us!

Don’t get me wrong – sure, the materialistic woman inside me rears her head sometimes and longs for a new chenile couch…and the technophile deeper inside longs for a 52 inch plasma TV (ahhhhhh!)….and the Laundry Fairy inside me wants one of those spiffy double-capacity-no-agitator-clear-top-candy-apple-red washing machines.  Yet none of those things will help us reach our bigger goals in life – goals of achieving financial freedom, mortgage freedom, owning rental properties, having a million dollars in our retirement fund, and having a large trust fund for our grandchildren.  So right now, living frugally, and being content with my second-hand flowery couch (which I really do in fact love – it’s very comfy), older fridge, and smaller washer is giving us a great start on life.  

Being a stay at home wife / mom allows me to do all these things much more easily as well.  I now have time to seek out better advice, learn new things, and focus more on homemade meals (instead of our typical $22 Ryan’s Steakhouse run!).  The internet provides a terrific source of advice for me.  Sites such as the HillBilly Housewife, Frugal Abundance, and Organized Home give me loads of tips from making my own Wendy’s style Frosty’s to the best way to plan my cleaning.  Great forums such as the ones at SavingAdvice.com and ChristianMomsForum.com give me plenty of live contacts to pose questions to and learn new things from, while other sites such as MorningStar.com, Bank Rate  and the Motley Fool. provide excellent investment insights.  Reading about the lives of other families from the women bloggers over at Cherish the Home and Pieces of Me provide me each day with tried & true new tips and tricks – straight from the mouths of other women like myself - in managing my own household.


23
Jan 08

Works for Me Wednesdays – Our Budget Sheets!

Ok… there’s this popular thing with a lot of the wife & mom blogs called “works for me wednesdays”.  It’s hosted by Rocks in My Dryer (rocksinmydryer.typepad.com) (hehe, love the name!).   With WFMW, different bloggers post little tips that have…well…worked for them along the way.  Then, they put a link  to their tip on the Rocks in My Dryer website for others to read.

I just discovered this a few weeks ago as I was going through some nice blogs on blogger.com.  Well – after Kevin left this morning (he leaves at 5:30 am for work) I realized that today is Wednesday and I have a new blog!

So, here is my very own “Works for Me!” Wednesday post. 

OUR BUDGET SHEETS

…really work for us.

Here’s our backstory – every since Kevin and I were married we’ve combined our money.  Both of us were working full time, bringing in 50/50 of the household income.  We were brand new at all of this budgeting stuff, newly married, with a new house mortgage and other bills that we previously had never had (before Kevin met me he had never even used credit!  He’s cash only and likes it that way). 

We both believed that for our marriage to work, we needed to based it on the principles of “being as one” like that Bible teaches.  There would be no “his money” or “my money” in our home unless it was specifically categorized as that.  The money from our jobs would go together into a household bank.  Tabs were not kept on how much “he” made or “she” made – we just both did what we could to ensure we had the money to pay our bills and eat.  I also took on the duty as the designated “financial manager” for our money.   Brainy wifey manages finances, Hubby doesn’t need to worry.  Sounds easy enough, right?  Wrong.

Both of us didn’t realize just HOW hard it would be to combine our personal money habits!  We made many, many mistakes during our first year of marriage that almost ended us – one of which was a build up of $10,000 on credit cards (we cut our cards up in Nov. 2006 and never looked back….we have only $3,000 left to pay off now and no longer use credit cards).  Coming from different backgrounds of money thought (Kevin being “cash only” and me being “electronic only”), we fought back and forth as we tried different methods….one using strictly my way (electronic banking)…one using strictly his way. (cold hard cash only).. with neither of us being happy.  In fact, we were downright miserable!

Thankfully, after a huge breaking point in our marriage at the end of May, 2007, we decided to develop a system that we both understood and could relate to.   We no longer used credit cards, but we went back to me using a debit card and checking account for household bills and my own personal spending.  Kevin would receive a personal cash budget to do with as he pleased.

It took us months, but we finally worked out a system we both understood and could relate to.  It combined a mixture of cash use and electronic use, and a mixture of visual budgeting and account management.  Using a booklet we call our household notebook, we created a visual budget that works very well for both of us.

At the beginning of our notebook, we have 8 different categories listed and how much we needed for each category per month.  Then, we divided that number by 4 (weeks), for our weekly budget for that category – and that is how much weekly money would go into that category.

For instance,  we need $675 per month for our mortgage.  That means that $168.50 goes into our mortgage category each week – and that money is “unspendable”.  We use a handy income tracking sheet to divide things up with… and, each category has it’s own sheet….

  

 Going back to our mortgage example, here’s a look at our current sheet…

As you can see, each week we have a “weekly deposit” in our plus column and the balance carries up.  In this example, by December 22 we had reached our monthly mortgage goal, paid our mortgage early, and had a week of “extra money” when we didn’t need to make a deposit! (12-28).  The last column is the Ref. column for whoever makes an entry. 

Each of our budget categories look like this, and we currently have 8 categories that fit our money management needs 

Six of our categories are considered “house money” – bills, utilities, gas, etc.  I’m usually the only one with entries in those since I work with the set bills.  A 7th category is “couple spending”  – this is money that benefits us as a couple…groceries, food, entertainment.  Everytime we spend from here, it get’s “tracked”…trips to Food Lion, Wendy’s, baby items from Baby’s R Us.  Everything .   A final sheet is budget for personal “free” cash.  This is our “mad money”, no-questions-asked cash.  The only thing that gets tracked here is ATM withdrawals!     Once money is “placed” into a category, nothing -and we mean nothing- can remove it except for it’s intended purpose.  Mortgage category money is never used for Burger King…. and Utility category money is never used to pay our car loan.  Money is kept in a checking account and I get to use the handy Bank of America online bill pay to my heart’s content!  (Good for me!) and Kevin gets to visualize our cash flow very easily – and still have personal cash to work with! (Good for HIM!).

We have been using our new system for 2 months now, and it is working beautifully.  The best part about it is both of us understand it completely and if by some unfortunate event I am unable to do our bookkeeping, Kevin can pick it up easily and perform all needed activities.

So that’s our Budget Sheets.  They work for me and they work for Kevin. :)

UPDATE!  I’ve loaded these online.  Here they are if you want them. :)   Just click on the link and you’ll be taken to the download page.  Click on the link there to download the MS Word file.

Downloadable Household Budget Forms