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February Summary

February 28th, 2011 at 04:48 pm

I know it has been a while since I posted an update, but a couple of my posts got eaten by being auto logged out and I was pretty frustrated. Decided not to redo them right away.

February has been a great month for us! We paid off $999.57 worth of debt and managed to save $1000 for our baby e-fund as well as almost $500 toward future known expenses (i.e. property taxes, water bill, kids activities, etc). We managed all that and had money left in our account at the end of the pay cycle! We didn't use overdraft protection AT ALL! We stayed within our grocery budget and our eating out budget and managed to squeeze out $150 extra to pay toward the credit cards. And tomorrow we will be paying off the second of our 4 credit cards!

I can't wait to see what March is going to bring, however, I have a feeling that a bunch of our potential extra savings will be going toward putting gas in our vehicles since the gas prices jumped up $0.35/gallon this weened. Ouch! It already took about $100 to fill my truck at $3.09 a gallon. Thank goodness I only have to fill it about once a month!

Switching topics for a minute, I came across a suggestion of making your own laundry detergent to save a bunch of money. This sounds like genius but maybe a little too good to be true. Does anyone here do this? Do you use the powder or liquid version? Do you see good results with this? With a family of 4 including one toddler, this could be a SIGNIFICANT place for savings for us, to the tune of $25 per month or more! Nervous about jumping in with both feet though. We use a "scent free" version do to skin sensitivity and wonder if the homemade stuff will cause a possible reaction. Thoughts?

4 Responses to “February Summary”

  1. OneAZWoman Says:

    Way to go on the debt reduction!! I haven't made the laundry soap myself, but have read several blogs about others doing it and loving. Not only does it save money, it saves the environment as well. Good luck.

  2. creditcardfree Says:

    Congrats on the debt payoff. Yes, I have been making out own laundry detergent for 10 months now. I use the liquid version which is made of fels naptha soap (I hear you can use ivory), borax and washing soda and water to make it liquid. I put mine in a 2 gallon plastic paint can with lid from Home Depot and dip in with my measuring cup (1/2c per load). It only takes 15 minutes to make. The two gallons lasts us about two months. It is super cheap. I will likely use some oxi clean soon as some of the items seem a bit dingy, which I don't really care about most of the time! Every thing seems clean enough to my standards.

    I think the recipe is on my blog...maybe April or May of last year.

  3. North Georgia Gal Says:

    Way to go on the debt payoff and savings goal!

  4. Jerry Says:

    You can totally make your own detergent, and it is not difficult or confusing. It saves a lot of money, as you mentioned, because it is unbelievable what they are selling detergent for! I am also totally behind creditcardfree in using some OxiClean to keep important things looking super nice. We also use a lot of vinegar and baking soda to have some insurance of keeping things clean, naturally.
    Jerry

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