Tuesday, February 28, 2017

Frugal Living ~ February 2017


Welcome to my February edition of what works and what doesn't in frugal living!  For me it's a month of no work travel and a very relaxed work schedule because it's Chinese New Year in Asia so work is slow.  I'm spending more time with friends and relaxing rather chasing side-hustles with my free time but there is still room for experimentation so here's a summary of what works and what doesn't work for me.

Apps that don't work for me:
  • Checkout 51 app - I downloaded this app a few weeks ago.  It promises to save money on groceries.  You go through the list of items it's promoting on Wednesday, select the ones you are interested in and then upload your receipt.  The only problem for me is that I don't buy many brand items!  I have the same issue with coupons.  I rarely use them.  I'm sure a very savvy person who loves brand products might enjoy combining coupons with this app.
  • Swagbucks - I know some bloggers who swear by this app/website but I think that big blogs benefit hugely from driving traffic to Swagbucks.  Here are the reasons this app does not work for me:
    • Every time I try to take a survey, the app tells me they've already exceeded the amount of people who can take the survey.  Simple fix guys - update your coding to NOT show the survey once you've had enough take it!  
    • On the website there is an inbox full of suggestions, some of which lead to gambling sites.  That just seems extremely counter intuitive to saving money!  It bothers me.  I don't want to see it.
    • So far, it seems like a tremendous amount of time is needed to click on stuff to earn Swagbucks.  
    • If an app is not productive or interesting in 1-2 months, I move on.  
Easy apps that earn minor spending $$:
  • ONGO surveys app - The first 10 or so survey's gave me $0.10 because I did not qualify and $0.50 for "about me" survey's.  At one point I earned a whopping $2.00 for a phone survey but after 2-3 months I finally got a decent survey.  It was a lifestyle one about entertainment and I guess we have considerable entertainment habits to contribute because this one netted a cool $10.00.  I'm now up to $19.00 for doing very simple and occasional surveys. My only suggestion is to turn off the notifications because it has a very loud "kaching" money sound when a new survey pops up and it always caught me off guard when I was out in public. 
  • Shopkick app - I'm in love with this app.  I use it every time I got to a store which seems to gained enough points to keep my Starbucks card loaded.  I only go to Starbucks once or twice a month and it's nice to have free money for a treat.  
Long Term Strategies:
  • Samaritan Ministries - I've written briefly about our switch from traditional insurance to this Christian health care sharing network.  We're two months in and it's going great!  Here is our strategy:
    • Last year our monthly payment to Evergreen Health Care was $660 per month for two adults.
    • This year to Samaritan Ministries it is $440 for two adults (our kids are still on the Maryland Children's Health program for $66 per month)
    • We are putting the differences into our own healthcare savings plan, $220 per month
    • Samaritan does not cover regular doctor check ups so our savings will go to annual health care checks and prescriptions that are not covered.
    • Samaritan will pay 100% of our medical bills should we have a serious illness or medical situation that requires hospital care and they have enough members that with our low monthly payment of $440 all medical needs submitted do get paid for.  In fact, some months they reduce our bill by 5% if they take in more money then is needed for the month needs.
    • At the end of the year, the money I've saved from putting $220 into health care savings, will go into my long term savings account.  Twelve months of savings is $2,640 of which we will probably use 1/3 for 4 annual doctor check ups.  When we had Evergreen, we were paying our monthly bill of $660 + co-pays with each doctor visit and subsequent bills of a percentage of the office visit that was never covered.  I'd much rather pay out of pocket for preventative health care visits if my monthly bill is lower.  At the end of the year, if we have money left over, this will feel like the greatest deal ever! 
  • Phone Contracts:
    • Next month I plan to tackle our phone bill!  We are planning to go off the grid with contract phone bills, buy cheap phones with no contract and putting our iPods to use with a purchase as you go wifi device like KarmaGo.  I'm still working out all the details!  End of March our contract with AT&T ends and thus ends our days of phone contracts!  I want to get our mobile and wifi costs down to $50 per month.  Currently we are paying $130 for two iPhones.  

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