<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Looking Over December's Spending
 

Looking Over December's Spending

December 29th, 2012 at 08:58 pm

I worked on updating my budget spreadsheet this morning, tallying all transactions and entering them into their respective categories. Spending is OK, I am over on "Groceries" and "Everything Else" because of holiday gifts and edible treats, but of course my bonus was extra income and paid for the lion's share of the extra spending. I will wait for the month to be over to post my budget report.

My checking account balance is ending the month lower than usual, and I realize why that is. I have started using my WF Visa for most things, and transferring money to pay in full within a day or two. So, instead of paying November's charges in December, I have paid the bulk of December's charges in December. I like it! Smile My Chase Freedom bill next month will be $47.30. My AmEx bill next month will be $152.39. There won't be a WF Visa bill, the balance is $0.

The AmEx bill represents 2 tanks of gas and groceries at my "on occasion" grocery store (not my regular grocery store). So, it is looking as though I will not be applying for the Preferred Card ($75 annual fee, 6% cash back on groceries, 3% cash back on gas). Not being able to use it at my regular grocery store is a deal killer.

From Jan 1 - Mar 31, gasoline is one of the bonus categories for Chase Freedom. So, I won't be using AmEx much at all for 3 months.

It looks as though I will have enough reward points on WF Visa by mid January (when the statement closes) to redeem for a $25 credit to my mortgage. I know from past experience they will hold it until Feb 1 then apply it. So, it looks like my first mortgage chip on my new mortgage is about 6 weeks away.





2 Responses to “Looking Over December's Spending”

  1. PNW Mom Says:

    We just refinanced a few months ago (with Wells Fargo) who was our current lender....we decided to take them up on their offer of the credit card like you have....it may take us a while to get to that $25 rebate, but hey, every bit helps! Smile

  2. Jerry Says:

    That does stink that your regular grocery doesn't take that CC, it would lead to such convenience to have some insurance of putting all the expenses in one place. I am thinking about doing that, as well, just to maximize the points and benefits and have all of the costs in bill.
    Jerry

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]