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I'm Back & Debt Payments

November 11th, 2019 at 06:35 am

I'm back from a goat show with my mom. We won $800 but after expenses and splitting the net profit I made $100. It is mostly for fun and also promoting/improving our herd so any profit is just a bonus.

My web design income from last month came in. I paid $562.50 on the construction loan so it's down to $4,000 and I paid $165 on the CC so it's down to $3,500. That surpasses my minimum monthly goal, so that is good news. I love seeing those round numbers!

Husband has in fact been working 3 weeks straight, some days 12 hours. I'm sure that will give us a tidy sum to put towards debt next month even with my side income decrease.

Ebbs and Flows

November 6th, 2019 at 07:54 am

Found out unexpectedly last week that I lost a very large client that I have been working with 6+ months. Bummer. I haven't been taking on anything else because it took up so much time. So I literally have no web design to currently work on. I do have a small project starting in December, and possibly another one before then. I have also been trying to get a mid sized job which I was hoping was going to be extra but now it looks like I really need it for next month's debt payments. Sigh. How frustrating. Just a reminder how fluid contract work is. Sometimes I'm slammed and sometimes I have nothing...

Oh well. Thankful I have my steady office job to meet most of my needs, and the side income is just for debt repayment.

Hopefully I will get my check from last month soon to pay towards the construction loan.

Striking a 2019 Goal

November 1st, 2019 at 08:59 am

Well despite last month's hardships I am happy to announce that today I am able to strike/complete one of my 2019 goals.

Today was payday, and I received a small design check, so I was able to send $350 to the credit card, and $109.65 to the medical bill. Which brings my debt payoff amount to approximately $7,775 this year.

Reducing those two debts to $3,665 & $2,000.

Happy to see the CC hit below the next thousand mark. Once my side income check comes in I should be able to add quite a bit more to debt. Although I am considering using some to fill my buffer back up as well.

Besides that husband has been told he likely has to work the next 19 days straight... Bad for him, but the overtime will help us get some of the baby items we need, and maybe pay down more debt. We will have to wait and see.

October Check In

October 29th, 2019 at 06:52 am

Mortgage -$113,197.37 (-$154.32)
0% CC -$4,015 (-$120)
Helitech Loan -$4562.50 ($)
Medical Loan -$2,109.65 ($)

Roth IRAs +$15,326 (+$337)
401Ks +$24,255 (+$762)
Emergency Fund +$3,359 (-$501)
Animal Fund +$104 (-$740)
Truck Fund +$1,725 (+$90)
HSA +$350 (+$103)

Overall: -$6,346.83

A terrible month for our net gain. Frown Not only did we take on a lot more debt, but I had to pay out the rest of my animal money for hay, and I had to dip into my buffer to pay for even more animal food. The reason debt did not go down was because my side income check is late. I'm guessing they will probably wait and add it to next month's check at this point. I put in a lot of hours this month thankfully. So here is to hoping November is better...

Raise & Maternity Leave

October 21st, 2019 at 07:19 am

Now for some good news! I got a $3 an hour raise at my main job! (Effective 2020)

They did cut my vacation from 60 hours to 40 hours a year but with the raise it isn't much of a loss. Honestly I never took that much vacation anyway and always just cashed it in.

Not only that but they are going to give me 6 weeks of paid maternity leave as well! That will take a lot of the strain off because we won't have to save for my time off work. I secretly think it is because they are worried I will quit after the baby is born and by giving me a raise and maternity leave it will be harder for me to leave.

Don't plan on quitting, but I know things do change. Honestly for now though we need both of my incomes, so until our debt is paid I'm stuck. Perhaps 2021 I can think about going down to one job again if I'd like.

Husband also got a raise, around $.60 I believe. But he took a pay cut $.30 when he switched to days. So not much impact overall. We have all but $80 of the doula money saved now. Should be able to finish that off this week.

We are going on a weekend getaway this month. Just to a nearly hotel with an indoor pool. Husband finally gets a weekend off, and our anniversary is coming up so we decided to take a breather and just relax away from home. We have enough credit card rewards and date money saved to pay for the hotel and a fancy dinner so shouldn't cost us much out of pocket. It will be nice to getaway one last time before the baby comes.

New Loans

October 21st, 2019 at 07:03 am

I finally have the total for the two new 0% interest loans I had to open.

$4,562.50 & $2,109.65

I need to make payments of $438 a month in order to pay them off before the 0% interest periods are up.

I also have to continue paying $376 a month on the CC to pay it before the promo period expires.

That is a total of $814 and my average paid on the CC this year has been $800 a month. So if I can keep going at the same rate I should be fine. But unfortunately I am working less than the beginning of the year, and with the baby on the way I know it is going to continue to decrease. So we will have to start using some of husband's overtime money towards it in addition to my side income in order to keep on track.

Back from Vacation & Updates

October 4th, 2019 at 07:40 am

Well I'm back from vacation and was sad to find that the website was hacked and everything since April was lost. I was able to go back through google and get my monthly check ins which were the most important. I have no idea what else I talked about between then and now... So aggravating. I will be looking into backing up my important posts and possibly switching to a new blogging area. This already happened once at getrichslowly and it is sad to loose all the years of data.

Vacation was good. We did go over budget but was able to cash flow the extras.

Husband got a $500 bonus (more like $300 after tax) and should get another $250 bonus soon + a raise. So we will be putting that towards the doula. We still owe $850 by January/February.

We have lots of large expenses coming up. I just started a payment plan with the hospital for the $2,160 I couldn't cash flow with the HSA. It's 0% for two years. That will give us some wiggle room in the short term and once the baby is born and cash is less tight we can just pay it off early.

Also signed for a 0% one year loan of $4,600ish for some necessary waterproofing on the house. I am also looking into refinancing our mortgage and adding on $5k for some dirt work. Been to two different banks and have to make a decision but either one should save us a few thousand a year in interest since the rate has dropped so much. I dread getting a new appraisal since our house still has lots of unfinished projects going on and I don't feel like working on them.

I am a little worried about taking on several new loans and still continuing to pay down my 0% CC before the deadline in 11 months. This next year is going to be really tight with the baby, but if we can get through we should be debt free again.

September Check In

October 4th, 2019 at 07:24 am

Mortgage -$113,351.69 (-$153.71)
0% CC -$4,135 (-$711)

Roth IRAs +$14,948 (+$258)
401Ks +$23,493 (+$642)
Emergency Fund +$3,860 (-$394)
Animal Fund +$844 (-$390)
Truck Fund +$1,635 (+$115)
HSA +$247 (-$490)

Overall: +$605.71

Retirement gains. Debt pay down. Car insurance was due and pulled from escrow/EF. Also had to pay about $1,000 in medical bills from the HSA. October month is going to hurt because we are taking on a significant amount of more debt, and I will be buying the last portion of hay.

August Check In

October 4th, 2019 at 07:11 am

Mortgage -$113,505.40 (-$153.10)
0% CC -$4,846 (-$1,022)

Roth IRAs +$14,690 (-$495)
401K +$22,851 (-$528)
Emergency Fund +$4,254 (+$378)
Animal Fund +$1,234 (+$651)
Truck Fund +$1,520 (+$120)
HSA +$737 (+$106)

Overall: +$1,407.10

Progress on savings and debt pay down. Retirement loss in in the market.

July Check In

October 4th, 2019 at 07:10 am

Mortgage -$113,658.50 (-$152.50)
0% CC -$5,868 (-$975)

Roth IRAs +$15,185 (+$308)
401K +$23,379 (+$2,424)
Emergency Fund +$3,876 (+$301)
Animal Fund +$583 (-$40)
Truck Fund +$1,400 (-$215)
HSA +$631 (-$149)

Overall: +$3,756.50

Steady progress on CC, EF, and retirement. A large chunk was from an unexpected/late contribution from husband's old employer. HSA was contributed to, but was overthrown by baby medical expenses.

June Check In

October 4th, 2019 at 07:09 am

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)

Overall: +$2,520.09

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.

May Check In

October 4th, 2019 at 07:09 am

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)

Overall: +$2,145.30

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!!

April Check In

October 4th, 2019 at 07:08 am

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)

Overall: +$2,371.70
Not huge progress from last month but still in the right direction. May is already looking like it will be a much better month.

Bonus, Insurance, Mortgage & Decor

April 5th, 2019 at 06:58 am

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. Embarrassment) 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.

Bonuses & Driveway

March 29th, 2019 at 06:28 am

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."

Monthly Check In

March 28th, 2019 at 10:22 am

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:

Mortgage -$114,264.90
0% CC -$8,898

Roth IRAs +$14,380
401K +$19,478
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.