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Archive for July, 2019

July Check-In

July 27th, 2019 at 05:19 pm

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

Savings
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.

Pleasant Retirement Surprise

July 27th, 2019 at 05:08 pm

Yesterday while doing my end of the month numbers I seen a new account show up my on my mint...

For some reason there is a new 401k account open from husband's old employer that he quit back in September. He previously had a 401k there that we transferred to his new one, and I thought closed. It looks like it has been reopened and they contributed $1,769 into it!?

The only thing is says is "Profit Sharing" which the company used to give them a lump sum amount every year about this time into their 401k as a bonus. The transaction date says it was started 12/31/2018 and just posted yesterday.

Is is possible that this is husband's portion of profit sharing from last year? I just assumed he wouldn't get it since he quit during the year.

I logged into Vanguard and there is no history. Just the contribution yesterday. Is this really our money? And what do I do with it? I hate to have yet another account with a small sum in it. Can I transfer is without repercussions/taxes even though it is past the 30 days since he quit?

Looks I will be calling the company/vanguard on Monday to figure all this out. At least it's a pleasant surprise!

I'm PREGNANT!

July 17th, 2019 at 07:17 am

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+. Embarrassment 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!

Mortgage & Credit Card Payments

July 9th, 2019 at 08:47 am

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.