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My families goal to save 10% every month for retirement.

Friday, March 12, 2010

Wow!! $0.25 for almost $200 in groceries


Okay, I've spent some time getting my feet wet into coupon shopping.  And this week, I dove in. I started out just printing coupons off the internet.  Before this week I had the opinion that coupons were pretty much worthless.  So, why buy a paper to save a few pennies.  Coupons give you a discount on name brand items, which are expensive.  You might as well get the generic and not hassle with the coupon, right?  Wrong!!!  I have learned that if you match coupons up with certain sales and combine coupons, you can get incredible deals!

It was a great week for coupon shoppers.  Yes, I did go to several stores.  Perhaps I'll get better as the weeks go on.  But here is what I scored this week.

12 cans of Contadina tomato sauce
6 Biore Pore Strips
6 Biore Face Scrubs
5 bottles of LA Looks Gel
5 single travel packs of Tide Detergent
4 Cover Girl Mineral Powder Foundations
4 Cover Girl Lipsticks
3 Olay Body Washes/ w free samples
3 bottles of John Frieda shampoo
2 Gillette Deoderants
2 Gillette Body Washes
1 Children's Ibuprofin

1 Bottle of Suave Detangling spray

OOP:  37.25 

Rebates & Gift Cards: $37
Target $5
Olay $15
Frieda $5
Gillette $2
Biore $5
Biore $5

Net out of pocket $0.25
Total Savings including rebates- $195.39

I did pay for these coupons from a coupon clipping service and it cost me $13.  I don't subscribe to the paper, and I wanted to test it out first.  I'm kind of surprised that coupon clippers don't take the cost of their subscriptions into account, because I sure do.  So, to offset my coupon cost, I plan on selling the Biore pore strips on Ebay.  I don't use those, but I had to get them in order to get my free face cleanser.  I should be able to net around $20 on ebay for the pore strips, making me a profit of about $7 for these items!

Saturday, February 27, 2010

$2,000,000 to Retire

Well, we're starting out with about $45,000.

In order to have $2 mil in 25 years at 8%, we need to invest $21K per year.  If we get higher returns, then great, we can retire even earlier.

Payoff House By 2025

Balance as of 11/23/09  $347,680
Need to pay off an extra $12,000/year

Friday, February 26, 2010

Monthly Budget

$6766 IncomeMandatory Expenses
$2442    House Payment
  $983    Tithing

  $200    Grandma's Loan Payment  
    $90    Life Insurance
    $57    Auto Insurance
  $200    Electric
  $200    Gas
    $85    Water
    $60     Internet
    $90    Cell Phone
 $4407

$2359 Remaining Income
Adjustable Expenses
  $250    Fuel
  $600   Groceries
  $100   Clothing
  $175   Medical
  $300   Misc
$1425

$934  Remaining Income
Discretionary Expenses
    $30    Gym
  $260    Piano
  $644 Savings