Our finances/goals have changed a bit recently due to a fact that I have eluded on here for a while. I'm pregnant!
I'm due in January, we are very excited and a little nervous.
Our main goal this year was to pay off our home remodel credit card. Although that is still a big priority, my extra work has slowed down a LOT because I have had a terrible time of it and have been sick for months. It has been really hard for me to even do the basic necessities. I am still paying down as much as I can, and even if I can't completely pay it off by the end of the year I am hoping it will be at least greatly reduced.
Besides the reduced working, my pregnancy/labor/delivery is estimated to cost between $7,000 - $10,000+. Since it falls right after the new year I may possibly have to hit my max OOP ($6k) this year, and my deductible and/or max OOP next year. Bills are already beginning to trickle in.
Hoping to be pleasantly surprised and owe a lot less, but that is what we are figuring on for now. I am also paying for a doula, the required birth classes, etc. Plus we need to remodel the nursery (our old bedroom) which still needs mud/taped, painted, trim, and all the furniture.
Needless to say this is going to be an expensive year, I am happy we are in the best shape we have ever been in. We are optimistic that we will be able to save for the hospital costs with the HSA and husband's overtime. While I will continue using my extra income for paying off our remaining debt.
My stretch goal would be to have the CC paid off at the end of the year as planned, and have enough money saved to pay the doctor in full in January. We'll see!
Our finances/goals have changed a bit recently due to a fact that I have eluded on here for a while. I'm pregnant!
My mortgage payment hit bringing my total owed down to $113,658.50!
I also paid $925 on my credit card bringing my balance to $5,918.00!
I have paid off over half of the credit card now this year which is a little behind schedule but still very exciting.
My net worth (not counting retirement or mortgage) is now over $2,000 in the positive!
Counting everything I have increased my net worth by $20k this year already! Crazy to think when we made under $50k total gross last year.
Lots of things to celebrate.
Mortgage -$113,811 (-$151.09)
0% CC -$6,843 (-$580)
Roth IRAs +$14,877 (+$653)
401K +$20,955 (+$1,129)
Emergency Fund +$3,575 (+$481)
Animal Fund +$623 (-$819)
Truck Fund +$1,615 (+$105)
HSA +$780 (+$240)
Markets recovered this month and everything moved up slowly but surely except for the animal fund which was wiped pretty low after the purchase of hay and a new goat.
Credit card progress is slowing down as expected since my hours are significantly slower.
I received a bill in the mail yesterday from the hospital... Over $3,000 from husband's emergency surgery back in December.
His insurance should have covered it 100% except the $250 co-pay which we already paid. So I started to panic. Well I called the hospital today and they said it was an error on their end, and actually they owe me a refund on $30 because we paid a $30 co-pay when we got there and then they billed us the $250 later.
Whew! Crazy that they would be so off, but at least I don't owe!
I sold a goat yesterday. Just stuck the money back for one of the new ones I'm purchasing next month. Need to sell a lot more!
After a $580 payment to the credit card the balance is now $6,843 and we are officially positive net worth!
YNAB is saying I have a 1 day buffer. Ha.
Although unrealistic it is encouraging that I could technically pay off all my CC debt tomorrow. Of course we will continue to knock it down piece by piece while simultaneously saving for the future.
I did a bad thing I am buying 3 new goats... But I did get deposits for 6 I sold, so that counts for something right? ...
Husband has been working 7 days a week and will probably continue to do so for the foreseeable future. The good news is that this means that I believe our vacation fund is complete! I haven't sat down and run the numbers yet, but we have been booking our lodging. Hopefully this weekend I will have concrete figures. Might even have some left over for other goals.
He also applied for his dream job. It's a government job so he had to go take a test to apply, which he got an A on. I think that guarantees him an interview but I'm not 100%. Crossing our fingers and hoping that he will get it. It would not have much impact on our fiances (might actually loose money) but it will improve his mood and working conditions ten fold. So would appreciate any good thoughts and prayers that he gets it.
In sadder news, my web design boss called me yesterday and said that business has been down, and that all the other workers have taken new jobs. So he is probably going to dissolve the company. Crazy since I have been working a ton, but I guess only me. We have one more big project to do, and of course loose ends to tie up. We may continue working together a bit (the original company was just me and him) or he may just turn all the current maintenance accounts over to me. He is still processing and figuring stuff out.
I am unsure how that is going to affect my income and goals for the year. I will still have a bit of income from maintenance every month, and also I pick up side projects, and work for another company fairly often. But I'm guessing my hours will drop substantially. Thankful we don't depend on that income, but it sure was nice to use to it to pay down debt.
Lots of stuff to figure out, and lots of balls up in the air right now.
Mortgage -$113,962.90 (-$151.30)
0% CC -$7,423 (-$1,061)
Roth IRAs +$14,224 (-$641)
401K +$19,826 (-$665)
Emergency Fund +$3,094 (+$446)
Animal Fund +$1,442 (+$1,242)
Truck Fund +$1,510 (+$250)
HSA +$540 (+$301)
Made bigger progress this month but it was offset in the market drop of our retirement funds.
I thought it would take until August for our net worth to hit zero but I am at $-600 right now and will be positive as soon as I get my web design check this week!!
Finally got a paid a big check I was expecting. I put $750 in my animal fund, and have enough money to pay for my upcoming expensive vet bills!
I also should be getting about more $650 this weekend from some goat sales. It is nice to get a little money rolling in.
Working like crazy on web design. Hoping for a big check like last month so I can knock down more debt. Next week is also an extra paycheck which I will put towards the CC.
Continuing to slowly build our EF, Car Savings, and HSA. Even small weekly amounts add up over time.
Can't wait to see the numbers next week to see how much our net worth grow this month.
We are now below -$3,000 Net Worth! (only counting liquid assets)
Quite a big different from when I started YNAB in October! My savings almost out number my debt, which I don't think a lot of people can say.
I hope to be in the positive by August. Can't wait!
I really busted my rear last month and made four times the web design income that I made the month before. Getting ready to get another large web design check. But it will be spent on dog vaccines and hay for the goaties. Boo.
Husband is still getting lots of overtime. We will use it to cap off our vacation savings, and then move onto something else.
It is about time for goats to start going to new homes, so by July I should see a significant boost in my animal fund.
Paid my mortgage today bringing the total down to $113,962.91! Hit the next thousand.
I'm also back from my mini vacation and stayed in/under budget. So once all the charges hit I will move around the excess money.
I got one of my web design checks and paid $800 on the credit card. Total is now $7,684. I get a few more smaller checks in the next week or so, and should be able to add around $100 more.
Plus this month is an extra paycheck, so I am hopeful I will be able to put another $300+ towards it. Woohoo! Have to make up for a lousy April.
Getting closer to paying myself back after I raided my buffer in March for some large expenses. The new upcoming problem is my 3yr dog vaccines are due this month and I think it will be around $400... So looks like I will be raiding the fund again. Oh well.
Here are the April Numbers:
Mortgage -$114,114.20 (-$150.70)
0% CC -$8,484 (-$414)
Roth IRAs +$14,865 (+$485)
401K +$20,491 (+1,013)
Emergency Fund +$2,648 (+$530)
Animal Fund +$200 (-$300)
Truck Fund +$1,260 (-$160)
HSA +$239 (+$239)
Not huge progress from last month but still in the right direction. May is already looking like it will be a much better month.
I finally purchased our plane tickets and rental car for our vacation. Thank goodness, it was stressing me out! It was about $1,200 and we only have $500 put back so far. So we'll have to borrow from ourselves until we pay it back.
I can't believe it but after 6 weeks of waiting I got a letter in the mail that my car title transfer/license plates were denied!? If anyone remembers I had a heck of a time getting the car into my name because it was inheritance from a deceased family member. 6 weeks ago the DMV finally accepted it, and a month ago they cashed my check. I've been eagerly awaiting the new plates to come in the mail and instead I get a denial letter... I'm not sure what happens now. My relative who I got the car from had to take another day off work and take the new form to a lawyer to get it signed and notarized and we mailed it back. I REALLY hope that is the end of it because it's a joke. How is this even possible?
Well both the bonus and the health insurance came through. We decided to put back the $500 bonus for our vacation. Since it's already past time to buy plane tickets and such. The dirt pile can wait.
We have already deposited $60 into the HSA, but I have no idea where it is, or how to access it. So we will have to find that information out.
Paid my mortgage today, new balance is $114,114.20.
Had to buy more hay and pay for a vet bill so my animal fund is dwindling again. I can't wait to sell some goats and fully bulk that fund up so I don't have to keep pulling from my regular income.
We went wild crazy and spent over $600 this weekend of husband's overtime money. We got lots of stuff for the house including our remaining doors, door knobs, some decor, and we even printed and hung some pictures of us for the first time since we have been married... (Nearly 7 years. ) I guess it just goes to show that we are finally settling in. It is SO FUN to actually get to decorate and style things, rather than make do with hand me downs and unfinished spaces. We are pushing hard to finish most of our in-progress projects because we are having several guests this month. We've been working every night on something.
We are about to completely finish the hallway and is it weird if I say it might be my favorite room in the house? I built a bookshelf that fits perfectly, and hanging above it is our personalized map with pins to all the places we have traveled. We both love travel and outdoors, so the room is adventure themed and we are going to cover it in pictures of us on all our vacations, and it has some mementos we have picked up along the way. Such as a bottle of sand from the desert, and a yellow rock from Yellowstone. Husband is an amateur photographer so we are printing his favorite landscapes to hang as well. It's nice to walk to our bedroom and remember all the good trips and fun we have had together.
Husband got a couple of good surprises.
His job deposited 2% of his 2018 salary into his 401K as an additional annual contribution. It wasn't a ton since he only worked a few months last year and he was at the lower trainee rate, but it was still about $300 dollars extra. I am wondering (hoping) if this is a yearly thing. That would be sweet.
Also they are supposed to be receiving a bonus for a year of being accident free. Word on the street it is $500, but not 100% on that yet.
Unfortunately he also found out he has to work all weekend. Which is a bummer, but good for our finances. Between that and the bonus we should have enough money to grade our yard. Except a neighbor stopped by yesterday and offered to help us do it for free... But it would probably take several months since it would be in his free time. So now we have to decide if delaying it would be worth saving around $1,000. Or if we would rather get it done ASAP so we can plant grass, and start landscaping. I'm fine waiting, but I'll let my husband decide.
Our driveway finally got rocked yesterday, so that is big progress. It looks so much better. It is exciting to have enough money to be able to finish some projects. I'm picking up a door today for our basement. We are rushing to tie up some loose ends because we are having quite a bit of company next month and would love to have the house "done."
I'd like to start doing a monthly check in at the end of each month with numbers so I can keep track of my progress.
Here is where I stand for March:
0% CC -$8,898
Roth IRAs +$14,380
Emergency Fund +$2,118
Animal Fund +$500
Truck Fund +$1,420
I think we broke about even this month as far as net worth. Had a lot of expenses and not as much income. I still managed to get my CC under the next thousand but I didn't meet my monthly goal.
HSA should start automatically withdrawing next week, so there will be steady progress on that goal.
We also did an "adult thing." We went ahead and signed up for life insurance through husband's job. It was only a couple bucks a check and now we will both be covered if anything happens.
April will be spent paying myself back and saving for my mini vacation in May.
Well we finally got signed up for health insurance. It's not accepted yet, but it should kick in on April 1st as long as all the paperwork goes through. Final amount was $360 a month minus his $160 raise. So $200 a month out of pocket, or $50 a check. (weekly)
This includes putting $1,000 into an HSA this year. His employer will also put in $1,250 I think. In the future I would like to up this number, but it will work for now until we pay off our debt.
Our driveway was finally bladed and it looks great. Now I just need to get the new rock delivered. Been busy working on the house.
On the financial front, not much progress. Paid a couple hundred on the CC, and have been paying myself back after all the expenses. Thankful that this is an extra paycheck month for us.