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.
Finally making a dent instead of falling behind.
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.
$105 Animal Fund ($590)
$1,129 Escrow Fund ($690)
$1,100 EF ($1,000)
$1,665 Car Fund ($1,205)
$4,505 Total Liquid Savings ($3,486)
$26,208 DH's 401K ($16,930)
$4,256 DH's IRA ($3,400)
$11,961 My IRA ($8,630)
$42,425 Total Retirement ($28,960)
-$112,887 Mortgage (-$114,713)
-$3,100 Home CC (-$12,360)
-$3,950 Helitech Loan
-$1,900 Medical Loan
-$121,837 Total Liabilities (-$127,073) / -$8,950 Non-Mortgage Debt (-$12,360)
2019 Total Net Worth: -$74,907
2019 Net Worth without Mortgage: $37,980
Numbers in () are last year's figures for comparison.
Our retirement accounts went up quite a bit.
Liquid savings did not increase very much due to pregnancy and large medical bills.
We added 2 new debts this year but total unsecured debt is still less than last year so that's a win! Hopefully 2020 will be the year we are debt free again.
1.) Save $1,000 in HSA
We exceeded this number by double and paid a lot of medical bills out of pocket.
2.) Pay off $7,500 in Debt
We paid off over $10,000 in debt this year! Sadly we added more debt as well, but we are still below what we started with at the beginning of the year.
3.) Add $1,000 in Car Fund
We did not complete this. Well sort of. We did save over $1,000 in the car fund. But we had to raid it several times for car and/or home fixes. So we are finishing the year with only $665 saved this year.
4.) Save $1,500 for Vacation
Completed and exceeded this goal. We ended up having to change plans and we went to Utah/Arizona/Colorado/Nevada to see all the famous canyons. Went a bit over budget but paid cash.
5.) Save $4,500 in Animal Fund
Did not complete again this year. Was about $1,600 short. Then I had a litter of puppies which I have been unable to sell and I am currently paying over $100 a WEEK to feed them. So animal money is currently killing me.
Overall not a bad year considering my pregnancy and the thousands in medical bills we accrued.
1.) Pay off $3,100 Credit Card
This is the last remaining debt from our home remodel. It is 0% interest until August so it needs to be paid in full by then.
2.) Pay off $3,950 Construction Loan
0% interest debt from waterproofing our addition. Expires in October so it needs to be paid in full by then.
3.) Pay off $1,900 Medical Bill
Not really a huge deal since it is 0% interest for two more years. But it would be nice to be debt free again.
4.) Save $2,000 for Vacation
We are hopefully going to Yellowstone in September.
5.) Pay all Baby Medical Debt
No idea how much this will come out to but expecting around $6k+. This is our stretch goal. We can/will get a 0% interest payment plan for this, but I would prefer to pay it off by the end of the year.
The total amount (if medical debt is $6k) is $16,950! Our HSA will cover $3,000 so we need to come up with $13,950 or $ 1,162.50 a month. Whew. Quite a stretch but we will try our best.
Mortgage -$112,886.90 (-$155.54)
0% CC -$3,100 (-$400)
Helitech Loan -$3,950 (-$50)
Medical Loan -$1,900 (-$100)
Roth IRAs +$16,217 (+$496)
401K +$26,208 (+$1,005)
Emergency Fund +$2,229 (-$199)
Animal Fund +$105 (+$0)
Truck Fund +$1,665 (-$190)
HSA +$506 (-$45)
Average month, but I'm actually surprised it is not worse with all the Christmas shopping! I did not make my goal of paying $400 on the Helitech loan this month. Fingers crossed for next month.
We are getting into crunch time to save for the baby. I have already put back some money (not included above) for debt payments next month. I would like to get everything paid ahead before husband has to take off work.
**Some deposits haven't went through yet, and I may have to update figures.
Well unfortunately a few other things popped up and I owe myself $500+ and I'm $350 short on the construction loan payment to stay on schedule. Ugh. I hate eating into my buffer. Especially since maternity leave is coming up and I really need to be getting ahead not behind...
My computer has been such a pain. I had to run it back to the store twice because I couldn't get the part in myself, and then when I got home the first time it wouldn't turn on. Some how my power button happened to go out, so I had to pay another $50 to fix that and drive 2 hour round trips. But whew, it is working again now. Thank goodness!
We also found out that husband will NOT be getting any paid paternity leave. So that is a bummer. He will use his one week of vacation and take a week unpaid. That is all we can really afford.
He is still working a lot of overtime, which is good because we need to dig out of the hole we are in and save as much as possible before the baby gets here. It is going to be tight. Thankfully Christmas shopping is completely done.
Pumping the septic did not fix the plumbing problem, so now we are trying other things before we call a plumber.
Here's to hoping life and finances settle down in January!
Well the good news is that I believe my computer can be fixed! I found a local shop to repair it, and I'm waiting for the right parts to come in.
It was $135 for the diagnosis and to fix one part. Plus another $450 for the main part that I need. Thankfully my family is buying me that part for my Christmas present! Seems like a pricey fix but still much much cheaper than the few thousand a new computer would cost. Hoping I get a few more good years out of this one! Whew.
But besides that I am feeling frustrated. I have had to raid some of my buffer to pay for things like dog food, fixing my computer, a few baby items we needed, medicine for me and the pets, etc. Also I am working very minimum hours at my side job so I will barely be able to put anything towards debt this month. I just feel like I can never get ahead. It seems like my money is spent way before I ever even get it, and I am always playing catch up. I save for one thing, and then something else goes wrong.
For example: Our new plumbing is messing up and so I need to come up with $200 to pump the septic and then fingers crossed that is actually the issue and not something terrible and more expensive.
I'm starting to stress about maternity leave. Thankfully I will be paid. But my husband is also hoping to take off for a month at 70% of income. (Which is a blessing) but we need to put back money to cover the difference, and also we won't have any overtime that month to put towards debt so we need to pay that ahead of time too. Seems like we are quickly running out of time and paychecks!
Mortgage -$113,042.44 (-$154.93)
0% CC -$3,500 (-$515)
Helitech Loan -$4,000 (-$562.50)
Medical Loan -$2,000 (-$109.65)
Roth IRAs +$15,721 (+$395)
401Ks +$25,203 (+$948)
Emergency Fund +$2,428(-$931)
Animal Fund +$105 (+$1)
Truck Fund +$1,855 (+$130)
HSA +$551 (+$201)
A solid month. Lots of gain which was offset from having to pay my annual yearly home insurance.
Not figured in this is the $1,500+ we spent on nursery furniture and Christmas presents on Black Friday. We had the cash for this. My Christmas shopping is mostly done. I only have two more people to buy for and my husband's stocking. The only big thing we have left to purchase for the nursery is a rug. We bought a crib, recliner, and a used dresser that I am going to paint.
And just like that my computer is toast. :/ The computer I scrimped and saved for and then paid off early.
I knew this day was coming. It has been making some noises for a month or two now. (Of course about a month after my extended warranty wore off...) The computer is 4.5 years old and I use it for hours daily and have lots of programs and games.
Fortunately I can still get in it in safe mode so I was able to save my bookmarks, and documents. I had almost everything backed up anyway since this computer has died multiple times in the last year or two (under warranty) and I had to recover things over and over. I'm kind of used to it to be honest.
Thankfully my husband has a computer so I think I am going to download the bare minimum to his computer so I can work somewhat and wait a bit to purchase. Today is Cyber Monday but the computer I want is only $450 off which isn't much. I think I got my last one $1,000 off plus a free tv.
I can get 12 months free financing but I am leery to take on anymore payments. So I'm going to wait for now if possible. A major pain, but doable I think. Since I am getting close to my due date I have cut back my hours and projects a lot anyway. I think I can finish up my commitments on my husband's computer. But eventually, probably sooner rather than later I am going to have to buy a new one and it is looking like around $2,500. Yikes!
A necessary expense for someone who makes a living on computers, but definitely not what I wanted to spend my money on right now.
It's been a busy couple weeks.
Took care of some financial things. Got the property taxes all paid, got the mystery 401K contribution from husband's old employer rolled over into his new 401K. Finished the yearly open enrollment for insurance, and I had my baby shower.
I got a ton of stuff. Now I need to sort through all of it and see what I actually need to keep and what I still need. The nursery is not finished so the presents are currently stacked and taking up my entire living room, along with the other stuff I already had which is taking up my entire foyer. lol.
We are hoping to go get some paint samples tonight for nursery. The mudding is like 99% done, just need to check it all over one last time. Then it will be primer, paint, new ceiling fan, a decorative panel we are adding, trim, polishing the floors, and finally furniture. Whew. Lots to do in the last 10 weeks before baby is due.
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.
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.