Mortgage -$112,416.58 (-$157.39)
Helitech Loan -$2,550 (-$600)
Medical Loan -$1,600 (-$100)
Roth IRAs +$13,202 (-$2,366)
401K +$23,139 (-$2,509)
Emergency Fund +$3,010 (-$396)
Animal Fund +$506 (+$1)
Truck Fund +$1,945 (+$100)
HSA +$1,178 (+$250)
Ouch! Markets really crashed this month. In addition I paid my 6 month car insurance. Medical bills are still sorting out but I will add them to my net worth next month, so there will be another $7k+ decline in April.
We also saved and spent $600 towards vacation this month.
If you live in the US, when/if we actually get checks from the government, what will you spend it on?
It sounds like they are basing it off our 2018/2019 taxes so I'm not sure if my new baby will count or not...
But I will probably save $500 for animal expenses, and the rest I will use to pay down debt. If we get the amount I've heard then it would be enough to pay my construction loan completely and we will be down to just medical debt.
I am out of work right now, except some minimal web design. I have to say it is pretty nice to stay home and do what I want all day. Although I am beginning to get a little stir crazy. It's hard to do much outside with the baby with no one else to watch her. Husband is still working 7 days a week.
So much craziness going on. It is ridiculous how many people aren't taking this seriously. But who can blame them if the states aren't testing and people don't believe it is in their area.
I live in a small town and my mom is in the medical profession. She says there have been many people that have all the symptoms but the DRs refuse to test. First they were short on tests, now they have some but they still won't. They will only test if you have been out of the country in the last two weeks or in contact with someone who has, which is silly. Also the Dr has to agree, then they have to call and get permission from the health department, which has to call and get permission from the state. It's all a big pain, so they just aren't testing... This sucks because in her hospital's case (and probably others) these sick patients are with the general population, and the nurses are not wearing proper protective gear or treating them like a quarantine case. Also our hospital is already almost at full capacity and running out of supplies. This pandemic has barely even started in the US.
Just because they aren't testing and so there are no "official cases" does NOT mean they aren't in your town. A friend of mine was soo sick I thought she was dying from an "upper respiratory problem". She was tested for like 15 things and they all came back negative, but they wouldn't test her for Corona. They told her it was just bronchitis or something. Now her husband is sick, and her elderly father. This person has been out in the community since she has been sick!
I am high risk due to lung disease so I am going out as little as possible. I had a Dr appointment yesterday (at a hospital with verified cases) and today I have to go pick up my medicines. I hope they haven't run out of the daily inhaler I take! Also my husband works in food manufacturing so he is continuing to work, and I am also still working but I work alone so not much risk. I'm doing my best to stay safe, but we aren't completely isolated unfortunately.
Since my mom knew how bad this was before the general public she gave us some warning and thankfully we stocked up a couple weeks of supplies ahead of time. It's a mad house here, shelves are bare. Any staples are usually sold out within hours of stocking. Since I have to go to Walmart and pick up my prescriptions I will see if they have any food left and get some more to replenish what we have eaten while I am there.
Stay safe guys! And take this seriously! It's way way worse than it appears because they are testing only a very small percentage of the people that are actually sick. Just assume it's in your town, and stay home!
Well despite all the Coronavirus scares my vacation planning has continued as normal. I will be going to Glacier and Yellowstone this fall.
I have my three different lodging places booked and my airplane tickets. The only thing left to reserve is the rental car.
I am sharing lodging and the car with family. So I have been able to keep prices fairly low.
So far our costs for us three are:
Lodging - $946
Plane Tickets - $670
Rental car is estimated at $460. Then the rest of the costs will just be gas, food, souvenirs, etc. Not bad for a 9 day trip. Can't wait!
Mortgage -$112,573.97 (-$156.77)
0% CC $0 (-$2,700)
Helitech Loan -$3,150 (-$400)
Medical Loan -$1,700 (-$100)
Roth IRAs +$15,568 (-$464)
401K +$25,648 (-$615)
Emergency Fund +$3,406 (+$302)
Animal Fund +$505 (+$0)
Truck Fund +$1,845 (+$120)
HSA +$928 (+$204)
I paid off my credit card! Next goal is to pay off the Helitech loan by June, but hopefully even sooner than that. Retirement is down from the Coronavirus scare. Next month will see the addition of at least $7,000 in medical bills plus I have to pay our 6 month car insurance.
The bills are no longer pending and we are currently on the hook to pay the extra $3,000 for out of network bills in addition to my normal $7,000 OOP max. Yuck! I called the hospital and insurance and they are going to re-review the charges. If that doesn't change anything they said I can appeal... I'm not sure how successful that is.
I'm also not sure all the bills have been submitted yet, more may pop up.
Super bummer than I made such good progress on debt this month and then next month our debt is going to go back up by at least $7,000 again. That same thing happened back in October. We had positive net worth and then we had to take out $7,000 in loans. Oh well. One day we will get ahead.
Plan is still to pay off the construction loan asap and then we will be down to just medical debt. I already have some money put back for March payments.
I'm going back to work next week. Little sad/worried but also ready to have money again and get out of the house.
Well I spoke too soon... Now there are several thousand out-of-network bills pending on my insurance for the NICU bill. Grr. Will just have to wait a bit longer and see if insurance decides to pay or not. If not I will be calling and seeing what I can do about it. Why is medical billing always so shady?
Taxes were deposited and with the gifts we received I was able to go ahead and pay off the credit card completely! Woo hoo! This completes my first 2020 goal, and it's only February!
Next up to go will be the construction loan. With husband working almost 60 hours of overtime this week (poor guy) I am hoping we will be able to drop it fast.
Got my taxes filed and our refund is supposed to be deposited tomorrow. We are getting back about $2,150 but I had to pay in over $200 to the state and it cost around $100 this year for me to file. So $1,800ish.
We will use part of the refund for vacation savings and the rest will go towards debt. We also received several more monetary gifts for the baby. So I have $500 extra to throw at the credit card.
Husband is working 7 days of 12 hours this week. Major bummer with a new baby but that may give us enough extra money to pay off the credit card this month! That would be awesome.
It looks like the baby's medical claims have hit insurance. Thankfully they ended up counting her bills as in-network. So we owe "only" $7,000. Which is still a lot, but much better than $14,000! We will be getting a 0% 60 month loan from the hospital, this will keep our minimum payment pretty low. I am still making payments on my pregnancy bills as well. But once our construction loan and credit card is paid we will focus on the medical debt, in addition to the weekly HSA deposits we do. Still hopeful we can pay everything off this year. Fingers crossed!
My permanent retainer broke randomly after 10 years and so I had to go to the dentist today and get it fixed. The metal wire was sharp and poking me, and I could already feel my teeth moving in two days. $30 well spent.
I was quiet this month because the baby is here!
It was a bit of a whirlwind, and although we are settling in nicely now we had a rocky start. They thought she swallowed meconium which she actually didn't. This resulted in a frustrating 5 day NICU stay with a perfectly healthy baby. Lot of tears and upset. What a long story and a disaster. Bottom line is that there was/is nothing wrong with her, and we will making a complaint about the hospital.
We are happy to home now!
The next problem is that I received a letter stating that although the hospital is in network (and my delivery) the dr (whom I never met) who wrote the NICU order is not in network. Which would raise our OOP max from $7k to $14k!!!!
I'm freaking out a bit. I will have to wait and see what the actual bills say. So help me I will not be paying $14,000 for a NICU stay which was unnecessary and I felt we were held against our will.
Mortgage -$112,730.74 (-$156.16)
0% CC -$2,700 (-$400)
Helitech Loan -$3,550 (-$400)
Medical Loan -$1,800 (-$100)
Roth IRAs +$16,032 (-$185)
401K +$26,143 (-$65)
Emergency Fund +$3,104 (+$875)
Animal Fund +$505 (+$400)
Truck Fund +$1,725 (+$60)
HSA +$724 (+$218)
Retirement markets where down, but I was able to pay down debt and replace my emergency fund this month.
Finally making a dent instead of falling behind.
3 puppies went to their new homes saving me approximately $30 a week in food, plus a lot of stress. 5 goats also left.
I used the money to save enough for my load of hay next month, to buffer my animal money a bit for when I'm out on maternity leave, and I also paid my cushion back. I am almost out of the hole and have refilled my EF. Less than $100 to go. That makes me feel a lot more comfortable.
Since this month is actually an extra paycheck month for my husband I am hoping to put a couple hundred towards next months bills.
Our nursery carpet is getting installed today! We finally took down the Christmas decorations and tree, and I'm trying to pack my hospital bag. Our house is still a wreck but hopefully we will be able to get the nursery sorted this week, and get everything cleaned before this baby comes.
Another good thing that happened this week. I finally took pictures and re-posted my puppies and was able to sell several of them. A couple are waiting to be picked up, and I am still in contact with more possible buyers. Hopefully in the next week or so I will be down to just a couple. Which is much more manageable and cheaper.
I am also selling some goats tomorrow. The little bit of money will be a welcome help.
Am I the only one bugging about taxes already? I am checking the mail everyday hoping for all the documents to come in. I want to submit now! lol. Unfortunately since I am a sub-contractor, have several savings and retirement accounts, and we have two W2 jobs we have to wait on a lot of different companies to send us stuff. I hate waiting. I would love to be able to complete our taxes before the baby comes but I doubt that is going to happen. We'll see how punctual everyone is. I am cautiously optimistic we may get a good sum back this year and will be able to either pay down debt or save for retirement.
We met our goal and got the nursery construction DONE! Well mostly...
We finished the wall rebuilding, drywalling, mudding and taping, priming, painting, new ceiling fan, fixed the electric, built a closet, and handmade all our own trim. Husband took off last weekend and we were able to knock it all out.
We cleaned and cleaned the original 100+ yr old hardwood floors but no matter what we did they are in terrible shape. They are very splintery, parts of the floor is completely missing stain so it's hideous and dirty, and there are large cracks which let drafts in. We had planned on getting a large rug, but it wouldn't cover everything. We have this beautiful new room with disgusting floors. Last minute my mom graciously offered to purchase carpet for us. Sooo now we are waiting on that rush order to get installed before we can "move in" the furniture and stuff. We are hoping by early next week.
Although I am not really a fan of carpet it seemed to make the most sense to make the nursery warmer, safer, and more comfortable for the time being. In a few years we plan on replacing all the hardwood floors, but until then this will be a good alternative. I just hope we picked a good color!
Anxiously awaiting being able to start decorating and organizing all the things. We still have a couple small projects to do like repainting the dresser, hanging a decorative wall panel, and caulking the closet but they are just wants.
Tonight we are installing the drawers and shelves in the closet, which we have decided to leave without doors for now. We are going for a more decorative built in bookcase look since we have a wardrobe for the actual hanging clothes.
January is starting out well. Paid our mortgage bringing the balance to $112,730.75. I paid $100 towards the medical loan bringing the balance to $1,800. With husband's overtime from last week we have enough to pay $400 towards the construction loan bringing the balance to $3,550. Once the rest of my web income comes in I will have $400 to put towards the CC bringing the balance to $2,700!
Not bad for the first week of the month. Husband is taking off this weekend so we can hopefully finish construction on the nursery and start moving in. Good thing because I am technically "full term" now and could go any time. (Yikes!) Not sure how much more overtime he will get before the baby comes, but any extra income this month will be saved for February bills.