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ef, new locks, stuff to buy

April 8th, 2009 at 05:18 am

I am still thinking of a way to track our EF savings when it is in our everyday account. I am thinking of chucking the whole lot into our mortgage for now, because we are not charged fees for redraw or extra payments - and it will save us the same money as when it is in our everyday account. But then there is the issue of tracking it in THERE!

I am not one of those people that can relax when everything is mushed together, which it is right now.

I also want to be able to track our extra repayments. And the extra repayments have to be tracked INDIVIDUALLY as well. *sigh* It is very complicated. Which is why I have not made extra payments, nor have a total for our EF yet. Grrr.

For the extra payments, I have worked out a system though. I think. I'll see how it goes and then I'll post about it later this month.

Last night DF got home early, so he put key-locks on all the windows. We did not need to put any on the high windows so I think we used 2 packs of locks, which had 4 in each pack. I think they were $42.88 for each pack. We had budgeted about $200 so I am pretty happy we only spent about $90 for them!

Other items needed:
-a rubbish bin
-new toilet seat (how exciting)
-a toaster

Posted in | 6 Comments »

6 Responses to “ef, new locks, stuff to buy”

  1. frugaltexan75 Says:
    April 8th, 2009 at 05:37 am 1239169033
    1239169033

    Can you use Yodlee?

  2. whitestripe Says:
    April 8th, 2009 at 10:56 am 1239188177
    1239188177

    i tried but when it said to enter my state i couldn't find it even though i had selected australia. but i am not really sure if i want to keep all my banking details on a website...

  3. KellyB Says:
    April 8th, 2009 at 12:16 pm 1239193019
    1239193019

    I just use a simple Excel spreadsheet, just make a column list of "subaccounts" like vacation, emergency fund, car repair, annual dues, whatever you are saving money for. Then in the next column put a goal amount needed, and column 3 is the amount you have saved within the account for that subaccount. That way if you have $1000 in the account, but $200 is for vacation, $500 for efund, $200 for car repairs, $100 for annual dues, it all adds up to the $1000 total. It has helped me immensely to keep track of separate goals within one account, and it is VERY simple to keep and update. Good luck!

  4. north georgia gal Says:
    April 8th, 2009 at 12:59 pm 1239195584
    1239195584

    I like the excel idea. I use Quicken. I set up "dummy" accounts for vacation, EF, car, etc. So even though it is all actually in the same account, I can see the balance on the individual savings accounts. You can also set up an amortization for mortgage that will help with keeping up with the extra payments.

  5. creditcardfree Says:
    April 8th, 2009 at 01:56 pm 1239198976
    1239198976

    I use Excel spreadsheets, too. The total of all subaccounts should always equal the balance in your account.

    If you can put the extra in with the mortgage, but withdraw when needed you are effectively saving interest correct? That is a great idea, if there are no fees and penalties.

  6. whitestripe Says:
    April 8th, 2009 at 07:46 pm 1239219982
    1239219982

    thanks guys, i normally use excel so i will probably just do that.

    creditcardfree: our everyday account is also an offset account (where the balance is 'taken away' from the mortgage and then interest is calculated on the end balance), so whether i have all our money in our everyday account or in our mortgage it will make no difference in interest as both will save money. Smile it is just about where i want to keep it!

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