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From Greebo's 1/25/16 post:
Originally Posted by
EvilGreebo
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What does it cost to run Debt Free Fanatics?
Our costs have gone up some since the last time I posted this information, but not by much. Our main expense, the website itself, is now roughly $50/month. Other expenses are annual and average around $15/month. So we don't need a LOT of people to help chip in, really, we don't!
Our annual expense list includes Domain Name Registration, SSL certification (for security), and registration on Google Play and the Apple Store to publish our mobile apps.
We also occasionally experience one time costs for enhancements to the system, such as buying the donation system itself. Wherever possible, I try to buy lifetime support options, because long term those are the most cost effective.
What do you do with the extra money?
My goal is to have at least a years worth of operating expenses in reserve, all the time. You all have made that an easy objective to hit, since right now we have about $1,700 sitting in DFF's bank account. (I TOLD you we don't need a lot of help!)
Aha! I must have been remembering Greebo's goal for at least a year's worth of operating expenses in reserve all the time. Looks like we're down way below that.
ETA: I just sent a donation for a year. Since I don't do recurring withdrawals I do need a reminder when it is time again. Also, I don't see an option to send a larger donation.
ETA #2: I re-read Greebo's original post and see that as of 1/25/16 (about 4 years ago) the monthly cost to run the site was around $50.00 and there were additional annual costs averaging $15 a month (so the additional annual costs as of then were about $15 x 12 = $180.)
So the monthly cost to run the site as of 1/25/16 was about $50 plus about $15 = $65 a month. Which is about $65 x 12 = $780.
I would be surprised if the cost hasn't increased.
@lexnaturalis
if you are using 1/25/16 monthly cost figures and are not accounting for additional annual costs, and if there are any increase in operating costs since 4 years ago, the $50 monthly number is low. I think there should be a running balance in the account of at least a year's expenses. As of now we are running a deficit compared to what Greebo was saying 4 years ago would be optimal to have in the account.
I think we need to raise funds to the point that we bring up the balance to at least the total annual expense and that we generate enough from donations to keep the balance at that amount.
If the donations aren't coming in from monthly scheduled contributions then people like me (very willing to contribute regularly, but don't do automatic withdrawals from my account) - need to contribute regularly, maybe quarterly. But I don't typically know what we need and when.
In any case, it looks like the balance is well below optimal.
Last edited by textev; 12-30-2019 at 11:16 AM.
BS1,2 - SL's ($238,231) gone - 7/2012
BS3 - Done - 5/2017 ($150,000). Now filling sinking funds (car replacement, roof, etc.)
BS4 - Social security (since 6/2016), pension & 457b on retirement. After tax investing - I wish I had.
BS6 - In apt & working in one state, paid off house (7/1/15) in another - DDs house sitting (yes it is a good idea)
BS7:
'If there are no dogs in Heaven then when I die I want to go where they went.' Will Rogers
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Paid a year's worth also
Mortgage paid off Feb 12, 2010 BS 7a - kitchen remodel completed - 2011 BS 7b - my bathroom remodel and max out sinking funds ($13.5K) - 2012 BS 7c - min car repl fund $13K - 2013 My goal was to retire in Jan 2016 at age 58, but instead I retired 10/24/2014
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Administrator
Originally Posted by
Dorothy
Paid a year's worth also
How? I don't see a link yet except for the one in the original post. Are we supposed to use that link? I went ahead and did an annual donation via that link.
Last edited by KVinKC; 12-31-2019 at 08:53 PM.
The best things in life are not things.
Don't invest more in someones situation than they are.
Persistence, not perfection, wins the race.
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Originally Posted by
KVinKC
How? I don't see a link yet except for the one in the original post. Are we supposed to use that link? I went ahead and did an annual donation via that link.
I thought exactly the same thing when I read about the first person who did $50 this week. Then I went back to the original post and did that - just like you did.
Mortgage paid off Feb 12, 2010 BS 7a - kitchen remodel completed - 2011 BS 7b - my bathroom remodel and max out sinking funds ($13.5K) - 2012 BS 7c - min car repl fund $13K - 2013 My goal was to retire in Jan 2016 at age 58, but instead I retired 10/24/2014
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Chasing the cheetah
And, I'm in for $50. Thanks for keeping the forum going!
"Far away, there, in the sunshine, are my brightest aspirations. I may not reach them, but I can look up and see their beauty, believe in them, and try to follow where they lead."
~~ Louisa May Alcott
BS7 reached in 2022
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Any new features Greebo/Lex add - which will get updated here as they are implemented.
Speaking of Greebo, what ever became of him?
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Originally Posted by
cjdj
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Speaking of Greebo, what ever became of him?
I miss Greebo. I think a while back after he moved he was really busy and let us know he was going to post less (or maybe stop posting?) for a while.
I hope he and the Mrs. and the rest of the family including those beautiful doggies are doing well.
BS1,2 - SL's ($238,231) gone - 7/2012
BS3 - Done - 5/2017 ($150,000). Now filling sinking funds (car replacement, roof, etc.)
BS4 - Social security (since 6/2016), pension & 457b on retirement. After tax investing - I wish I had.
BS6 - In apt & working in one state, paid off house (7/1/15) in another - DDs house sitting (yes it is a good idea)
BS7:
'If there are no dogs in Heaven then when I die I want to go where they went.' Will Rogers
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Skelli
I'm FB friends with @Greebo and he'll occasionally "like" or even comment on a post of mine. He did so as recently has last week, so it appears he is doing well overall I suppose.
BS7: arrived 9/13/13
When you finally learn that a person's behavior has more to do with their internal struggle than it ever did with you, you learn grace.
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Picking up speed
In for $50. I'm very thankful for this forum. Actually, the more I hang out on Facebook, the more thankful I am for this forum!!!
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Post Thanks / Like - 0 Thanks, 1 Likes, 0 Hug
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That's what I did.
I remain concerned about whether there is enough money in reserve.
BS1,2 - SL's ($238,231) gone - 7/2012
BS3 - Done - 5/2017 ($150,000). Now filling sinking funds (car replacement, roof, etc.)
BS4 - Social security (since 6/2016), pension & 457b on retirement. After tax investing - I wish I had.
BS6 - In apt & working in one state, paid off house (7/1/15) in another - DDs house sitting (yes it is a good idea)
BS7:
'If there are no dogs in Heaven then when I die I want to go where they went.' Will Rogers
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