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+. 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!
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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 received a bill in the mail yesterday from the hospital... Over $3,000 from husband's emergency surgery back in December.
His insurance should have covered it 100% except the $250 co-pay which we already paid. So I started to panic. Well I called the hospital today and they said it was an error on their end, and actually they owe me a refund on $30 because we paid a $30 co-pay when we got there and then they billed us the $250 later.
Whew! Crazy that they would be so off, but at least I don't owe!
I sold a goat yesterday. Just stuck the money back for one of the new ones I'm purchasing next month. Need to sell a lot more!
After a $580 payment to the credit card the balance is now $6,843 and we are officially positive net worth!
YNAB is saying I have a 1 day buffer. Ha.
Although unrealistic it is encouraging that I could technically pay off all my CC debt tomorrow. Of course we will continue to knock it down piece by piece while simultaneously saving for the future.
I did a bad thing I am buying 3 new goats... But I did get deposits for 6 I sold, so that counts for something right? ...
Husband has been working 7 days a week and will probably continue to do so for the foreseeable future. The good news is that this means that I believe our vacation fund is complete! I haven't sat down and run the numbers yet, but we have been booking our lodging. Hopefully this weekend I will have concrete figures. Might even have some left over for other goals.
He also applied for his dream job. It's a government job so he had to go take a test to apply, which he got an A on. I think that guarantees him an interview but I'm not 100%. Crossing our fingers and hoping that he will get it. It would not have much impact on our fiances (might actually loose money) but it will improve his mood and working conditions ten fold. So would appreciate any good thoughts and prayers that he gets it.
In sadder news, my web design boss called me yesterday and said that business has been down, and that all the other workers have taken new jobs. So he is probably going to dissolve the company. Crazy since I have been working a ton, but I guess only me. We have one more big project to do, and of course loose ends to tie up. We may continue working together a bit (the original company was just me and him) or he may just turn all the current maintenance accounts over to me. He is still processing and figuring stuff out.
I am unsure how that is going to affect my income and goals for the year. I will still have a bit of income from maintenance every month, and also I pick up side projects, and work for another company fairly often. But I'm guessing my hours will drop substantially. Thankful we don't depend on that income, but it sure was nice to use to it to pay down debt.
Lots of stuff to figure out, and lots of balls up in the air right now.
Finally got a paid a big check I was expecting. I put $750 in my animal fund, and have enough money to pay for my upcoming expensive vet bills!
I also should be getting about more $650 this weekend from some goat sales. It is nice to get a little money rolling in.
Working like crazy on web design. Hoping for a big check like last month so I can knock down more debt. Next week is also an extra paycheck which I will put towards the CC.
Continuing to slowly build our EF, Car Savings, and HSA. Even small weekly amounts add up over time.
Can't wait to see the numbers next week to see how much our net worth grow this month.
We are now below -$3,000 Net Worth! (only counting liquid assets)
Quite a big different from when I started YNAB in October! My savings almost out number my debt, which I don't think a lot of people can say.
I hope to be in the positive by August. Can't wait!
I really busted my rear last month and made four times the web design income that I made the month before. Getting ready to get another large web design check. But it will be spent on dog vaccines and hay for the goaties. Boo.
Husband is still getting lots of overtime. We will use it to cap off our vacation savings, and then move onto something else.
It is about time for goats to start going to new homes, so by July I should see a significant boost in my animal fund.
Paid my mortgage today bringing the total down to $113,962.91! Hit the next thousand.
I'm also back from my mini vacation and stayed in/under budget. So once all the charges hit I will move around the excess money.
I got one of my web design checks and paid $800 on the credit card. Total is now $7,684. I get a few more smaller checks in the next week or so, and should be able to add around $100 more.
Plus this month is an extra paycheck, so I am hopeful I will be able to put another $300+ towards it. Woohoo! Have to make up for a lousy April.
Getting closer to paying myself back after I raided my buffer in March for some large expenses. The new upcoming problem is my 3yr dog vaccines are due this month and I think it will be around $400... So looks like I will be raiding the fund again. Oh well.
I finally purchased our plane tickets and rental car for our vacation. Thank goodness, it was stressing me out! It was about $1,200 and we only have $500 put back so far. So we'll have to borrow from ourselves until we pay it back.
I can't believe it but after 6 weeks of waiting I got a letter in the mail that my car title transfer/license plates were denied!? If anyone remembers I had a heck of a time getting the car into my name because it was inheritance from a deceased family member. 6 weeks ago the DMV finally accepted it, and a month ago they cashed my check. I've been eagerly awaiting the new plates to come in the mail and instead I get a denial letter... I'm not sure what happens now. My relative who I got the car from had to take another day off work and take the new form to a lawyer to get it signed and notarized and we mailed it back. I REALLY hope that is the end of it because it's a joke. How is this even possible?
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. ) 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.
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.
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.
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.
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!
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.