I updated the side bars. I didn't want to. But I did. CC4 (Discover) is out of control. Granted, I know where the money went, but it is still bad.
I mentioned before that Discover offered a Cashback Bonus of $150 if you spent $1,000 per month for July-Sept. We figured groceries and gas would cover that. Easy Peasy. Gas gets 5% extra cash back for the same period of time. Then we sort of figured we would get 1% back for all the other stuff....so we started using it, and we outpaced ourselves.
There were several things that factored into the out of control number.
1) My surgery. As I mentioned, G-man blew through a ton of money (about $500) in a matter of days. That greatly impacted the amount of cash we had that could go towards re-payment of the card.
2) Back to school. Shoes, clothes, school supplies, haircuts. We did a piss poor job budgeting for this.
3) Food. OK....this number is slightly skewed at the moment. Due to our massive re-stocking trip this weekend, it appears like we have spent $1000 on food. But in reality, about half of that is the budget for September, and we are only 3 days in. The only things we should need in the next several weeks are perishables and milk.
4) Small splurge for me. I got my hair cut and colored. It wasn't in the budget.
5) Layout of money. There were a few expenses I had to lay out money for. I have received in cash most of it back. There is one more that I need to voucher, and will get a check later this week. The problem is that some of the cash ended up being spent elsewhere, instead of re-paying the card.
The bottom line is.....we aren't ready to responsibly use this card. We will use it for gas only in September, to get the bonus 5%. This amount (plus what we spent this weekend) will bring us up to the $1,000 we need to spend for the month to get our $150 bonus. And beyond that....no more.
I am trying to get this card back to where it was (under $500) by mid October (2-3 paycycles). October is a 3-paycheck month for G-man, so that will help. But I am unhappy with myself that we got into this mini-mess.
Additionally, we had to take $300 from our EF to fix the washer. I was very bummed about it. So I would also like to try and replace that money....and keep on target to get the EF to $2,000 by year end. In total, that is $570.
I am really hoping that G-man gets some overtime in the coming month (it pretty much has dried up since June). Not that overtime is a permanent solution by any means. But it would definitely help to reset everything.
So there it is....our August screw-up.