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Health Insurance

March 20th, 2019 at 07:04 am

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.

Plugging Holes

March 6th, 2019 at 06:58 am

Ugh after a great January and February, March is already kicking my tail a week in, even worse than expected. So many holes I am trying to plug but I can't stop the bleeding.

So many big expenses popped up this week, just when I was feeling on top of everything.

1. I FINALLY got my car titled in my name ($315)
2. Had to buy hay ($315)
3. Husband's birthday present ($200)
4. Car insurance went up more than expected ($670)
5. Propane tank ran out and had to refill in addition to my normal budget billing ($400)
6. Received a bill from the vet I'd been waiting on ($60)

On top of this my mom decided she wants to go on a short vacation with me for her birthday so I need to come up with around $500 in the next two months.

Ehhhh. Thankfully I had money put back for the present, hay, and car insurance. But I still need to come up with over $700 for the propane and car title fees. That plus my smaller web design month, my debt payoff is going to be really down. Booo.

This month my husband and I have to start paying our own health insurance which will suck $300 a month out of our the budget. But he will get a $160 raise next week, so really only need to come up with $140ish extra.

Oh well. It shall pass. Lots of year left.

Home remodel is at least going well. We got some more trim up, and we are hopefully getting the driveway graded this weekend. Then we can finally purchase new rock.

Mortgage Payment & Net Worth

March 1st, 2019 at 07:52 am

Paid my mortgage today, new balance is $114,264.90!

I reviewed my net worth since starting YNAB again 6 months ago. In the last six months my net worth (if I exclude my mortgage and retirement accounts) has increased by 70%!! I've increased savings and decreased debt by over $8,000 in 6 months. Which means we have been saving/paying debt with over 30% of our monthly income.

If I include our mortgage debt and retirement accounts we have increased out net worth by 12%.

We are still about $4,500 negative in our net worth (excluding mortgage and retirement) but I am positive we will be in the positive by the year end and most likely sooner. Then it will be a longer marathon to be positive in our entire net worth.

If we count our house value as an asset we are already there, but I prefer not to include it since we have no plans on selling. I dream of a day of more money in the bank than I have in debt.

Onward and upwards.

Still Fighting

February 27th, 2019 at 06:28 am

Well I went to the DMV with the new originals they said I needed, and now they are saying I need something else!? I started crying in the DMV and left.

Now my relative is driving the 3 hours to me this weekend with all the papers again. I am beyond frustrated. Ugh.

I got half of my payment for a website I am doing and added $500 to the animal fund. The other $400 I left in my checking account to pay for the next couple months of animal expenses. I need to sell a minimum of 11 goats this year to pay for all their expenses.

I am unsure if I will be able to pay my goal of $1,000 worth of debt in March. It's husband's birthday month and also I will have to pay to transfer the new car to my name (plates, taxes, etc) which will be over $300. I'm receiving a smaller web design check this month as well. So we'll see how it goes.

Cars

February 20th, 2019 at 08:45 am

First the good car news. My father in law was kind enough to wash and clean out my old car, and park it in his driveway for sale yesterday. Well we already have someone seriously interested. It is at the mechanic today getting inspected and if it looks good it will be sold. That is the fastest I've ever seen a car sold! Unfortunately I will be getting about $200 less than I wanted for it. Father in law offered a lower price than I wanted to start with, but at least it will be off my hands and I will be able to cancel the insurance which is due to renew for the year in the next two weeks.

Then the bad news. I am having a terrible time trying to get my new van changed over to my name. It belonged to a relative who passed away and left it to her daughter. Who is selling it to me. I live right on a state line and the daughter lives in a different state than the deceased relative and I do.

Well we drove the 3 hours to her house and went with her to the DMV with all the multiple papers in hand. After waiting we were told sorry but we had to go the other states DMV. So we hop in the car and drive the 45 minutes and wait all over again. Only to be told no, we need to go back to the old one. By then it was already closed for the day...

So then she goes back alone another day and they tell her, NO they were right the first time we have to go back to the other state...

So then she mails me the title and all the necessary paperwork (will, trust, affidavit, death certificate, etc) Well I went again yesterday and FINALLY they say I have everything I need, except she had mailed me a copied death certificate and I need the original. ARRRRG.

So now she is mailing me the original and hopefully I will be able to go back in next week and get it taken care of. I'm not kidding we have been to 3 different DMVs, 4 times, with over 10 hours of driving and waiting. I can't believe it is this complicated. Ugh. Every person we talked to gave us a different answer. I just think they don't know what they are doing since it involves 3 parties and 2 states.

Tax Refund & Retirement

February 13th, 2019 at 06:59 am

Things are still going pretty well. We got our tax refund back so I went ahead and sent it to the IRA for 2018. With that and the market gains we are up to $32,489 in our retirement accounts.

I'm about to sign a new web design contract and will get $1,000 this week or next to put towards the animal fund.

I paid another $230 on the credit card. New balance is $9,592.36.

Another Payment and Clothes Shopping

February 6th, 2019 at 06:35 am

I received one of my web design checks and sent the amount to the credit card. It is now down to five digits!! $9,822!

It's hard to believe that in a little over a month I have already hit over 1/3 of my debt paying goal for the year. I'm knocking it out of the park, I hope it keeps up!

We went through our closets and dressers and managed to pull out 2 trash bags full of clothes to sell, donate, or trash. Then we went shopping and I got 3 pairs of pants and 5 shirts for less than $75.

I had a coupon and a gift card for Lowes so we purchased two lamps for our bedroom nightstands. It is so nice to finally have lights close to the bed. Still need to find shades.

We did a couple small fun projects around the house this week. We built an awesome clock out of a large metal plate and hung a bird feeder outside our bathroom window. I also went through all my paperwork and organized/de-cluttered my desk. Trying to organize the house a bit at a time.

It's really time to start cracking on the house again so we can tie up some loose ends. It's hard to always have everything half finished and in disarray.

Gift & Taxes Filed

January 31st, 2019 at 08:01 am

I can't believe it. I was surprised to received a $1,000 gift yesterday!

We decided we are going to put $500 into our EF, I am giving $100 as a gift to someone else needy I know, and the other $400 I will pay on the credit card. It's going down way faster than I imagined!

Husband gets paid tomorrow for the first time and we should be back on a normal budget. He has about 20 hours of overtime this week, so we are going to both go through our entire wardrobes and donate/trash all the clothes that we don't wear. Then figure out what items we badly need.

I finally got all the forms I needed so I submitted my taxes this morning. After paying the state and for the tax software I will net about $750. Which will be sent to the IRA. Glad it's over!

First Payment

January 30th, 2019 at 06:33 am

The balance transfer to the new 0% credit card is finalized so I paid my first payment of $526. Bringing the total debt remaining to $10,803.

I can not wait to see that number fall to 4 digits!

Retirement, Cars, and Credit Cards

January 29th, 2019 at 07:48 am

I have decided to put $1,000 into my Roth IRA for the 2018 year. Which actually completes one of my 2018 goals!

I went ahead and put $250 in today, and the other $750 will be from our tax refund. (the entire amount)

I think I have pretty much decided to keep the van. I've been driving it every day and I really like it. Hoping it lasts a while and is a reliable vehicle.

My credit card balance transfer is now finally showing as pending. I already have $500 to pay on the new card as soon as it goes through!

Paid on the Credit Card & Possible New Car

January 22nd, 2019 at 11:50 am

We got the first check from husband's disability and I paid $849 on the two credit cards! I can't pay anymore until the balance transfer goes through. Hopefully soon.

I may be getting a new car. A relative passed away and my family is offering their car to me. I am test driving it around to see if I like it. It's a much nicer car, that is newer, with fewer miles. But it's a lot bigger and gets bad gas mileage. So I have to decide if the space/luxury is worth paying more for gas.

I only drive to work 2 days a week. But my car is the main driver when we go on trips, or errands.

Basically I have a cheapo old Dodge Neon. The new car is a Buick Terraza. So a minivan/cross over. It would be nice for driving around future kiddos and for our road trips. (We usually borrow my mom's van) It is also AWD which is nice for the snow. I haven't been able to get my car out of the driveway since Friday...

So we'll see. Still mulling it over.

Good News

January 16th, 2019 at 06:23 am

Well we got some good news today.

#1 I was able to pay $510 on the credit cards.

#2 I applied for a new 0% interest credit card for 18 months. And was approved for enough to cover the ENTIRE remaining amount we have on two cards now. So woo hoo. We'll be down to one card and have a good long while to pay it off. Still hoping for the end of the year. I will update my balances once the transfer goes through.

#3 We got a letter in the mail that says we were approved for short term disability for husband's month off work! It looks like they have already mailed the check. Although there is a mistake. Originally we had him going back after 3 weeks, but we just got the release for 4 weeks. So the payment is missing a week. We have already submitted the forms with the correct date on them, so if they haven't fixed it in a couple days I will give them a call.

Very thankful for this. It will still be 2 1/2 weeks until he receives his normal paychecks again. But since I've put money back we should be able to pay most of the STD on the credit cards.

Time Off Work

January 9th, 2019 at 06:29 am

My husband saw his surgeon this week and was told he could go back to work in two weeks... So we turned in his work release at his job.

And then his primary doctor said no way, that's not enough time. She wants to extend it another two weeks. Eek. The doctors are meeting today to decide, but fingers crossed he doesn't have to wait another month. Ugh.

We don't want to go back to his boss and tell him that his leave has to extend. Also the disability company is such a major pain. They won't even approved our claim until we have a work release date.

If his time off does get extended that will be 6 weeks off. Yikes. We were originally told 2 weeks, then it was 3, then 4, now possibly 6. This is because his job is so physical. If he had a desk job or could go on light duty he could go back now. Thankfully our church gave us a gift this week which covers a week of bills.

Hoping the doctors agree 4 weeks off is enough, and that the disability comes through.

Mortgage Payment

January 4th, 2019 at 06:37 am

Paid my mortgage today bringing the balance to $114,564.53.

Escrow/EF savings is still automatic so our weekly $75 was deposited. I am thankful that even during tough times I can still continue to save something. Once we are back on track it would be nice to up that weekly deposit to $100. If this ordeal has shown me anything it is that we need a bigger emergency fund.

I found out that I did in fact get the large web design job I was hoping for. I will be paid $2,000 and I was planning on putting that towards animal savings but I'll wait and see how this month goes.

This is the month that I need apply for new 0% credit cards to transfer our balances to. I'll do that as soon as the statement balance hits next week. It would be really nice if I got one card with a high enough limit to put the entire amount on, but I'm guessing it will probably be two cards again. The current cards' promotional rate don't actually expire until March. So I may leave some on there that I am reasonably able pay off before March to avoid the balance transfer fee on as much as possible.

2018 Year End Net Worth

January 2nd, 2019 at 06:45 am

A couple days late, but I wanted to write out all our year end financial numbers.

Cash/Liquid Savings:

$590 Animal Fund
$690 Escrow Fund
$1,000 EF
$1,205 Car Fund

$3,486 Total Liquid Savings

Retirement:

$16,930 DH's 401K
$3,400 DH's IRA
$8,630 My IRA

$28,960 Total Retirement

Liabilities:

-$114,713 Mortgage
-$6,818 Home CC #1
-$5,542 Home CC #2

-$127,073 Total Liabilities / -$12,360 Non-Mortgage Debt

Our retirement accounts actually went down this year despite contributions, due to the bad market.

Our mortgage and debt went way up because of the home remodel.

Goal is to be back to no non-mortgage debt by April 2020. But it would be REALLY amazing to pay off the credits cards by the end of the year... We'll see. It would be tough, especially since we are missing the entire month of January pay from husband.