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Mom Loan Payback and College Fund Update

December 16th, 2017 at 11:08 pm

So we were finally able to make a loan payment to my mother. We have no consumer debt, but we still owe Mom some money. It is a no interest loan. I think we have only paid $1000 on it this year. But today I was able to make a payment of $250.

$35,000.00 Starting Balance
-__,250.00 Payment Made
-----------
$34,750.00 New Balance

I also restarted the College Fund with $100.00

$000.00 Starting Balance
+100.00 Deposit Added
-----------
$100.00 New Balance

The 401K is Excellent

April 14th, 2017 at 01:15 am

I think I mentioned in a previous entry that the 401K with this new job is amazing compared to what DH had previously, which was no matching at the last company and 50% up to 2% at the one before that. Company B provides 100% matching of the first 3% and 50% matching of the second 3%. So if we can contribute 6% we can get all of the matching they do. If we can contribute 7% it will substantially lower our taxes.

Unfortunately if we want to rebuild our Emergency Fund, pay back Mom, and save for the farm down payment, we cannot contribute that much money. We can swing 3%, though, and if DH gets raises in the future our goal will be to get that to 7% as soon as we can, even if we have to do it 1% at a time.

I had thought it had said that it would be 6 months before employer matching would start, but I reread it all today when I was actually more than half awake and I can't find that anywhere.

It's run through Fidelity. While I have heard the name before, I have no clue if they are a decent financial company or not. I'd prefer Vanguard, which we've had in the past, and has always struck me as the best. Charles Schwab was okay and who we had with Company A, but I still wasn't as happy with them as Vanguard. It's not like we get a choice in the matter, though. Does anyone know about Fidelity?

Meanwhile I am working on making up the new budget. DH ran all the numbers for me so we know what we will be getting as take home pay both before and after they start taking out medical and with 3% coming out for the 401K. Actually he ran them so I knew what it would be at 1% through 10%.

After the Emergency Fund is restored than maybe we can up the 401K as well. We are so far behind with retirement savings. Plus in the next 2 years I have to save some more in the College Fund for DS to go to the technical college for the 2 year welding program. He will be working to save for it as well soon enough.

And DH wants to start on his BS. He'll only be able to do one class at a time so we can cash flow it, but that is okay. Each class is accelerated and takes 7 weeks if I remember correctly. It may take a while, but we have a little over 4 years before Company B's contract is up with parent company. Hopefully he can get it done in that amount of time.

College Fund Udpate

December 16th, 2015 at 02:02 am

$629.75 Starting Balance
+870.25 Deposit Added
---------------
1500.00 New Balance

Goal for first semester is met.

College Fund Update

December 12th, 2015 at 07:49 pm

$380.06 Starting Balance
+_10.00 Weekly Deposit
-----------------
$390.06 Subtotal
+___.19 Interest from CU #2
-----------------
$390.25 Subtotal
+_39.50 Egg Money and Coin Jar
-----------------
$429.75 Subtotal
$200.00 Glasses Reimbursement
----------------
$629.75 New Balance

$870.25 to go to pay for the first semester. $5370.25 to go to pay for the full vet tech A.S.

College Fund Update

December 4th, 2015 at 12:15 am

$340.78 Starting Balance
+_29.28 C1-360 Interest
------------------
$370.06 Subtotal
+_10.00 Weekly Deposit
-----------------
$380.06 New Balance

$5619.94 to go.

College Fund Update

November 27th, 2015 at 10:29 pm

$330.78 Starting Balance
+_10.00 Weekly Deposit
--------------
$340.78 New Balance

I am going to nickel and dime my way there. $1159.22 to go.

College Fund and Musings

November 19th, 2015 at 07:05 am

$254.78 Starting Balance
+_66.00 Coin Jar, Egg Money, Farm Sales
+_10.00 Weekly Deposit
------------------------
$330.78 New Balance

$5669.22 to go.

I went ahead and added in tomorrow's auto deposit so I didn't have to do two separate posts. The cost of the vet tech program my daughter wants to do is $1500 per semester, so a total of $6000 for 4 semesters. It is a work at your own pace online college, fully accredited. You have 18 months to complete each semester. She wants to start in the fall, so of course my first goal is to hit the $1500 mark.

We have been lax on college savings. We used to have some money saved up, but when we paid off all of our debts we used that money, since DD had no clue what she wanted to do after high school and for a time we weren't even sure she would graduate or go to school at all. DH has used some of it on his education, too.

I'm not terribly worried about it. I'm more concerned with saving up for our down payment and our retirement and staying debt free than our kids' college. College is less and less a good deal for the student, saddling them with mountains of debt and not ensuring them of a good job when they get out anymore. Especially if they get the useless degrees so many kids get. In fact the cynical part of me is viewing college and its massive loans as part of the government's way of keeping money coming into the federal coffers while keeping average citizens as a debt slave for the next 30 years of their lives. Add to that the nastiness going on at many universities these days and I'm not sure I want my kids to have any part of it.

My son will go to the local technical college for engineering, which will save us vast amounts of money and likely end him up with a job as good as the one DH has, with all the nepotism and connections DH can use where he works to land the kid a job in his field.

So for now I will be putting all coin jar money, egg sales, and other farm sales money in the College Fund as well as any extra money I end up with from the grocery budget that carries over from the previous week. That usually goes into the coin jar until I can make a deposit. I'll probably add a line item to the budget as well of $100 a month. We'll have enough when the time comes as long as I keep focus on it.

Taxes are Done

February 15th, 2015 at 08:16 am

DH finished and sent off our taxes tonight. We will be getting back $7133. And before anyone goes saying that that is too high and we shouldn't withhold so much money so we can have more money during the year, there is nothing we can do about this. The majority of it is from our medical being reimbursed and most of the rest is from the ridiculous amount of money that was taken out of DH's bonus.

Some of this money is earmarked for college (both DH's and DD's), but I will take and throw $1000 in the Emergency Fund when we get it back. And I would like to be able to pay for my daughter to take driver's training. I also believe there is a program now where a fifteen-year-old can get his permit before 15 1/2 with taking driver's training. DS will be 15 next month. So if we could take them to the same driving school and they could take it together that would be really good. I'd also like to get glasses and eye exams for everyone. But otherwise, yeah, most of it is for college.

DD has decided she wants to go to the technical college. She wants to learn how to do medical billing and coding and maybe some other administration things. Considering that more and more people are going to the doctor because of having forced insurance, it'll be a field with good growth and more importantly it will be a field where she can earn enough money to support herself on. It's also one that doesn't involve many other people and is often work from home even. With her extreme anxiety that would be very good for her.

She may still just take a year off and work before going to college. I am just glad we have a plan now.

It looks like we will get the refund in three to four weeks.


Things and Other Things

January 22nd, 2015 at 03:44 am

There really hasn't been all that much to write about this week. I've lost 9 pounds since December 31st, so my diet is going pretty well. We haven't spent much money this week.

We may have some house expenses coming up. Apparently there has to be an inspection of the foundation and we will have to pay for that. I'm not sure why the sellers have to pay it, though. It seems like the buyers should have to pay for all inspections, but I guess not in this case. I swear, I never want to deal with this type of house again in my life.

So, so far, it looks like we're going to have to pay $1000 between the wood stove fix and the foundation inspection. So I probably will end up taking money out of the EF. Since DH also is having dental work done tomorrow and just had a second sleep study done and will have to buy a B-PAP machine, which is more expensive than a normal C-PAP machine, and since our deductible started over insurance won't cover much if any of it, we may really be seeing a dent in the EF.

DH says I can take most of his school money ($800 of the $1000 we set aside) since he doesn't think he'll be ready to do that until after the income tax refund comes back anyway. I hate to do that, though. Of course I hate depleting the EF even more, but we'll see.

Our real estate agents (husband/wife team) wants to sit down and discuss our looking at houses as soon as the sale closes. I don't want to and don't like the pressure. I think we will need to save for an additional year before we are ready to buy a house, possibly longer. I just want a bigger EF and a bigger down payment so our mortgage payment doesn't cost an arm and a leg every month. I just don't think I am ready to go through the stress of looking at houses. DH is probably going to have to tell them to back off.

Plus I want to enjoy being totally debt free for a while (except the loan from Mom), which we will be once we pay the guy who did the house repairs and pay off the van. I just want to have all that stress free time to save like maniacs. Of course that is assuming we can put up with Mom's particular brand of crazy for another year. At the very least we want to finish off the school year, here, though.

Also DD is talking about moving in with two of her friends in the summer of 2016 and if that is the case we can actually look at some smaller houses. She wants to find a job after graduation and work for a year, saving as much money as she can, before getting an apartment. We will try to pay for one class a semester at the community college for her. She'll have one credit when she graduates because her Psychology class counts as a college level credit.

The ducks laid two eggs today. We haven't gotten 2 eggs in a day from them since December, so either they are starting to gear back up again due to the longer days or one of the 2 new ducks has relaxed enough to start laying. Wade has been mating both of them so that might have kicked one of them into gear. Both ducks have been completely accepted into the flock now.

Nothing else really going on around here. Sticking to the meal plan and not going out to eat.

Christmas Bonus

December 17th, 2014 at 02:09 am

The Christmas Bonus came in the mail yesterday. We weren't expecting it until the 19th. It was the same as last year, gross, but less net as they took out some for 401K and 25% for taxes, which they do for all bonuses no matter how big or how small. Gubmint has to catch those super bonuses after all from those tax evading CEO's, by going after everyone who gets them right off the top. We'll get most of it back when we file our income taxes, though.

I am tentatively setting aside $1000 for DH's bachelor's program, and $1000 to the Emergency Fund. I'm not going to decide on the rest of it until I know for sure the exact dollar amount on the van repair. I'd like to set aside more for the bachelor's program. Ideally I'd like to have enough for two classes that he could take back to back. He does one at a time. And then we'd have the income tax return to pay for the next couple classes by the time he'd finished the first two.

$10,000.00 Beginning EF Balance
+_1,000.00 Amount Added
-------------
$11,000.00 New EF Balance

Payday Report

May 25th, 2014 at 10:27 pm

I didn't do my payday report last week so this will just be a combined report for the two paydays.

$1500.00 BoA VISA
_1000.00 Loan to Mom
__400.00 Mom's Utilities
__200.00 Emergency Fund
___19.00 Dues Fund
___60.91 Electric (Old House 2 months)
___48.60 Phone (Old House)
__160.80 Internet (2 months)
___68.56 Garbage
__757.82 Van Loan (plus extra to principal)
__100.00 Property Tax Fund
__239.32 Propane
__100.00 College Fund
__100.00 Vacation Fund
__100.00 Christmas Fund
__100.00 Moving Fund
__100.00 Appliance Fund
__500.00 Building Supplies
___90.00 Allowances (2 weeks)
--------------
$5546.01

I did some bulk grocery shopping in the last two weeks, spenging $526.31. We've spent $100 on eating out or takeaway. I spent $204 on prescription medications and $45.21 on OTC allergy meds. I also paid a medical bill, a physical therapy session and dental bill for a total of $341.47. And that should get me up to date for the month.

Funds Update

March 29th, 2014 at 06:36 am

$500.00 Property Tax Fund
__38.00 HoA Dues Fund
_300.00 Vacation Fund
_300.00 Appliance Fund (New Fund, not counting freezer)
2267.00 January 2015 Money Fund
1130.00 College Fund
_300.00 Aquaponics Fund
__72.00 Water/Sewer Holding Fund
_100.00 Laptop Holding Fund
_300.00 Christmas Fund
----------
4007.00 Total in Temporary Funds

Payday Report

March 29th, 2014 at 06:23 am

$323.41 AMEX
_500.00 Mortgage
_100.00 Emergency Fund
__19.00 HoA Dues Fund
__75.65 Internet
__72.00 Water/Sewer Holding Tank
_225.00 Monthly Chiropractic Plan
_100.00 Property Tax Fund
_113.22 Propane Fund
_100.00 Laptop Holding Tank
_100.00 College Fund
_100.00 Vacation Fund
_100.00 Christmas Fund
_100.00 Appliance Fund
_100.00 Moving Fund
_100.00 Aquaponics Fund
_100.00 January Money Fund
_334.60 Dentist
_104.02 Medical
_168.00 Storage
__45.30 Life Insurance DH
__41.88 Life Insurance Me
__69.89 Car Insurance
__47.17 House Insurance
__41.16 Security System (Old House)
----------
$2356.89 Total Money Out

I will be having a car payment coming out of this paycheck, but it isn't due until the 19th so the money is being set aside. I will list it when I pay it.

Funds Update

March 11th, 2014 at 11:02 pm

$1030.00 College Fund
___19.00 Dues Fund
__300.00 Propane Fund
__200.00 Vacation Fund
__200.00 Appliance Fund
__167.00 January 2015 Money Fund
__600.00 Moving Fund
__200.00 Aquaponics Fund
+_200.00 Christmas Fund
-----------
$3316.00 Total Funds Money

Emergency Fund Update and Funds Update

February 21st, 2014 at 08:43 pm

$8235.09 Beginning EF Balance
+_100.00 Amount Added
----------
$8335.09 Ending EF Balance

Funds Update

$400.00 Property Tax Fund
__19.00 Dues Fund
$200.00 Propane Fund
$100.00 Vacation Fund
$100.00 Appliance Fund
$167.00 January Money Fund 2015
$500.00 Moving Fund
$930.00 College Fund
$100.00 Aquaponics Fund
$100.00 Christmas Fund
-------------
2616.00 Total Money in Funds (Excluding EF)

Funds Update

February 2nd, 2014 at 12:18 am

$300.00 Property Tax Fund
$200.00 Propane Fund
$100.00 Vacation Fund
$100.00 Appliance Fund
__95.00 January 2015 Money Fund
$500.00 Moving Fund
2100.00 College Fund
$100.00 Aquaponics Fund
__72.00 Water/Sewer Fund
1000.00 Laptop Fund
$100.00 Christmas Fund
----------------
$4667.00 Total Funds Money

Payday Report

February 2nd, 2014 at 12:12 am

AMEX was higher than usual because of buying the food saver on that card. The MC DH accidentally charged on because he forgot the right card at home. I've restarted my Appliance Fund and my Vacation Fund after wiping them out to buy the new refrigerator. Everything else is business as usual.

I closed out the January budget and started the February one, though very little was marked off the February one, most was finishing up January's short term savings funds. But dollar wise most of it was for February.

$1500.00 to BoA VISA (DH's travel expenses)
__540.00 Mortgage (Old House)
__400.00 to Mom for her Utilities
__350.09 AMEX (in full)
___67.53 BoA MC (in full)
__100.00 College Fund
__100.00 Vacation Fund
__100.00 Moving Fund
__100.00 Christmas Fund
__100.00 Appliance Fund
__225.00 Monthly Chiropractic Plan
__100.00 Cash for Week
___40.00 Allowances
+__90.00 Physical Therapy
------------
$3812.62 Total Money Out

Lots of Rambling and Payday Report

January 25th, 2014 at 07:16 pm

It was good to see a payday again after 4 weeks without one. It is interesting to see how we live off of savings during that time period though. It makes me wonder how many of the people that DH works with make it through. Do they save up ahead of time or do they let some bills slide until the income comes in again? Not everyone gets a Christmas bonus to help things along, and some are quite small in comparison to what DH gets.

I got a cold during this last week from the weather swings and having to be outside when it was freezing. Our night time and morning temps were below freezing, but our daytime temps were at 50 and it was gorgeous. But having to go out in it when it was freezing twice a day has done a number on me. I know they claim that you can't catch a cold from being in the cold, but I think it certainly does help any virus that might be around invade your system.

This is the best cold I've had in ages, though. My immune system actually seems to be fighting it. I guess now that I'm no longer being beaten down by food poisoning my body has a chance. Though I still feel the effects of all those months, each week away is a little better than the one before.

On the other hand, I used the cold as an excuse to get pizza and deli food from the store and blew through most of the money I'd hoped to save to throw extra at the mortgage. Oh, well. I am still going to try to send extra to it.

So, on to the payday stuff.

$1000.00 to Mom
__100.00 to Emergency Fund
__125.oo Half Year HOA Dues (Old House)
__100.00 Property Tax Fund
__100.00 Aquaponics Fund
___90.00 Physical Therapy
__434.61 Propane (Old House)
___74.40 Dental
____8.58 Sleep Doctor
___40.00 Allowances
__100.00 Cash for Week
___95.00 January Money Fund
-------------
$2267.59 Total Out

I had $200 in my propane fund, but I decided to leave it there since I could cash flow the propane bill. We will have one more really large one before we turn the heat off in the old house from the end of April through October. The danger of freezing the pipes won't pass until then. This tank should last until the end of March or so.

Next week I'll have a larger than normal AMEX bill of $350.09. This is because we used the card to buy a Food Saver from Costco and not just gas. It is making a big difference in our frozen meat already.

I found out that we do have orthodontia covered. They will pay 50% up to $1500. DH is looking into which doctors in our area are in network. I don't mind doing that for an unestablished doctor/patient relationship. I just don't like being told that my doctor for years isn't covered. I'd go to the one my daughter went to but he is retired. I'm hoping his partner is in network, because it is really close by.

We are going to use part of our income tax refund to pay for fixing my teeth. Part of it will go into the Aquaponics Fund, part of it will go into the Emergency Fund, part of it will go into the College Fund, part to the Moving Fund, part to the Medical/Dental Fund (which is not funded at the moment) and I want to go out with DH to a really nice steakhouse sans kids with a little bit of it. I know DH needs a new stylus for his Boogie Board. And I want a Victorio Food Mill for processing tomatoes this summer.

We should be able to get our income tax done the first week of February and get it sent off right away. I have all of the interest info, we are now just waiting for the property tax slip (though we know the amount) and the slips from DH's work (again, we know the amount).

I feel like we are finally getting on solid ground. We started so far under water and then when we got our heads above, it was like slogging through mud flats when the tide is going out. Then it seemed like an endless progression of rocky beach. Now it feels like we've finally reached the sun-warmed sand. We're not quite ready to plop down and sun ourselves, but we can at least see the beach towels, you know? Wink

That College Thing

January 12th, 2014 at 08:09 pm

So DH has been doing a lot of research and he has found an online college that is accredited (and transferrable to our local university) for an A.S. in psychology, which is what DD is interested in doing. And it only costs $1040 per semester. A semester is six months of work but you have twelve months to complete it in.

We think this will be ideal for our daughter because of all of her health issues. Her biggest problem in high school is falling behind because of her absences and teachers who don't make it a priority to give her the work she missed while gone even when she asks for it daily. If she gets sick for a couple of days doing an online college she just picks up where she left off already knowing what her assignments are.

DD wants to do this. She will also be working on the farm once we move there. I'll probably put her in charge of the goats. And then if she can find one, she'll need to work a part time job of 15 to 20 hours a week. All of the fast food places around here are hiring right now so hopefully that will still be the case.

My husband got one of his degrees through an online/correspondence college and it has helped him so much in his field and improved his pay grade. So we know that if you find the right online college that is legitimate it works and is accepted by businesses as well as universities.

This will save us an awful lot of money on college costs. A year at the community college is $7000 and a year at the local university is $10,000. I mean I have $2000 in the College Fund right now and by the end of the month it will be $2100, so enough to cover two semesters right there.

This takes a tremendous weight off my shoulders.

Payday Report

December 16th, 2013 at 11:06 am

$1400.00 BoA VISA
__100.00 Emergency Fund
___19.00 Dues Fund
___72.56 Internet
___72.00 Water/Sewer Holding Tank
__757.82 Van Loan (plus extra to principal)
__100.00 Property Tax Fund
__100.00 Propane Holding Tank
___40.00 Allowances
__200.00 Laptop Fund
__100.00 College Fund
__100.00 Vacation Fund
__109.00 January Money Fund
__100.00 Moving Fund
__100.00 Appliance Fund
--------------
$3370.38

$700 of the payment to BoA VISA was the $700 I had set aside for Christmas presents. Since they were bought with the VISA I used that money to make the payment. I will make another payment next week to cover the other half of the travel expenses for DH.

Also had 3 Medical Bills:

$90.00 Physical Therapy
$10.62 Doctor
$13.70 Sleep Doctor
----------
$114.32


Funds Update

November 17th, 2013 at 10:31 pm

I am putting a copy of my Funds totals here in case something goes wrong transferring stuff between laptops. This is the first time in my life I've ever had so much money saved up. Almost $14K and it will be over that by month's end.

After our next mortgage payment on Friday we will have more money in the Emergency Fund than we owe on the mortgage. That feels incredible.

$2024.84 January Money Fund
$7687.86 Emergency Fund
___76.00 Dues Fund
__100.00 Property Tax Fund
__100.00 Propane Fund
__300.00 Vacation Fund (Hawaii 2018)
__600.00 Appliance Fund
__300.00 Moving Fund
__900.00 College Fund
_1200.00 Laptop Fund (using to pay off same as cash)
__700.00 Christmas Fund
------------
13988.70 Total in Savings

Payday Report and Rabbit Stuff

November 16th, 2013 at 05:11 am

I spent just under $60 on take away today. We will get several meals from it. I just know this weekend is going to be a little stressful and I may or may not be up to cooking too much. We have 2 litters due and the temps have dropped to freezing which means an awful lot of checking on the rabbits will be done on Saturday and Sunday to make sure no kits are born on the wire, but are born safely in a nest or at least promptly put into one if they are not. I have been lucky so far in that all of the kindlings so far have resulted in only one kit born on the wire (on Phoebe's first kindling) and I was there within five minutes of it happening so we were able to save it.

I'm not too worried about Lola, but this is Serenity's first litter, so I pretty much will be doing hourly checks for the next two days. Which means a lot of walking and since my physical therapist had a migraine today and I cancelled last week due to illness, I am not in the best shape for that right now. I've had to use the cane twice this week. But it needs to be done and I'm sure the kids will take their turns at it and alert me if I need to go out and take action.

Anyway, today was payday so here is the list of money that went out:

$225.00 Monthly Chiropractic Family Plan
_100.00 Emergency Fund
_100.00 College Fund
_100.00 Property Tax Fund
_100.00 Propane Fund
_100.00 Moving Fund
_100.00 Christmas Fund
_100.00 Appliance Fund
__19.00 HoA Dues Fund
_200.00 Laptop Fund
__72.56 Internet
__47.52 Phone Old House
__41.94 Garbage
_500.00 BoA VISA
_757.82 Van Loan (plus extra)
------------
$2463.84 Total Money Out

Payday Report

October 19th, 2013 at 12:57 am

Today is payday and here is an accounting of what was paid or put into savings.

$1500.00 Bank of America VISA
__100.00 Emergency Fund
___19.00 HoA Dues (Old House)
__100.00 College Fund
__100.00 Christmas Fund
__100.00 Moving Fund
__100.00 Appliance Fund
___40.00 Allowances
__100.00 Canning Jars* and Rabbit Supplies**
__100.00 Cash for the Week
___25.00 Garbage
-----------
$2284.00 Total Money Out

*2 cases of quart jars and 1 case of pint jars
**Water bottles, a hay tunnel, and a bottle of Vetrimycin eye wash ($27, ouch)

I also spent $50 on gas yesterday. I will be buying a 25 pounds of organic carrots to can and a whole salmon to can.

Left to pay for the month of October is the water/sewer bill, half of which has been set aside already, and the property tax for the half year, all of which has been set aside except $25 and the propane bill, which is $80. Those will be paid next Friday. I will also pay the mortgage then instead of waiting until the first and will also put $500 into the January Money Fund. All the rest of next payday's money is allocated for November bills.

Stuff and Other Stuff

October 16th, 2013 at 05:30 pm

I haven't written much the past couple of days, because every time I've started a post it has been so whiney and complainy that I thought better of it. I've got a cold which is halfway between exhaustion and misery. If it were complete misery I'd just stay in bed and not do anything other than rabbit care, but it's not. It's just enough to make me grumpy and tired and wish I could breathe better, but not enough to keep me from doing things like laundry or dishes or canning the last of the apples into applesauce.

I am trying to take it somewhat easy, but I do have to breed two pairs of rabbits today. I have two litters due on Monday. If each doe has at least six kits we will have a population of 40 rabbits. Six are due to be processed in about a week and a half, though.

There hasn't been anything to do financially and won't be until payday on Friday. I will then have bills to pay and I need to buy canning jars as well so we can put up the next batch of rabbits and make some more rabbit broth to can as well. It is so good. It tastes way better than chicken soup. I can't even believe how much better.

Paydays will be different now that DH is going up on Tuesdays and coming home on Wednesdays. We'll be moving to a 5 day check, a 7 day check, a 3 day check, and no check cycle, instead of a 6 day, 7 day, 3 day check, and no check cycle. It will still be the same amount of money, just assigned to different weeks. I'll need to adjust my budget accordingly, but the stuff that will be adjusted is all short term savings stuff that can come out of any paycheck and not bills.

DH says he will be bringing home a couple days worth of work. That should at least pay for one of the extra tickets he bought. He bought 3 so he could get the Thanksgiving and Christmas time trips taken care of before they doubled or tripled in price.

DH says there is a possibility of raises next year when the new contract is negotiated. I hope so. Insurance and taxes both went up this year, to the tune of about $800 less in the month than last year. And insurance will likely go up again right before the Affordable Care Act comes into play. We've been managing well, but only because we paid off all that credit card debt. Plane tickets were also about $100 more each month, so that's about $1200 more we weren't spending in 2012, also.

We are still managing to save for both the long-term (Emergency Fund, Hawaii 2018 Fund) and the short-term (Christmas Fund, College Fund, Computer Fund, etc.), but it would be easier if college weren't looming in the fall. The community college is still $7000 a year between tuition and books, and this is with DD living at home. WWU would be $10,000 a year, but I'm not sure she has the GPA to get in there.

Her grades are screwed because of how sick she has been and she had too many absences, so unless she aces the ACT or the SAT it's likely community college for her to get her grades up. She is smart enough to do well, and she is a good test taker. At least in college she won't have classes every day and can have some down time to recover if she gets sick.

Hopefully she can get a job this coming summer. The fast food places and some of the diners are hiring again and DH and I still have an in with the owner of the restaurant we worked at when we were in college, so we can probably pull a few strings if needed. We would have done it last summer, but no one was hiring then and DD was focused on volunteering. She has no work experience at all, so strings will likely need to be pulled.

DH told me he will have four unpaid weeks off at Christmas, so I really need to start shoveling money over to the January Fund. Which means most of the short-term savings will stop for now, except the property tax fund, the moving fund, and the dues fund. Those must go on. But I can put a hold on the computer fund, the Christmas fund, the appliance fund, and the college fund for Oct/Nov/Dec, which will be $1500 to add to the January Fund. Plus the $100 a month I was already saving.

I know that he will get a bonus at Christmas, but I don't know how much it will be. It's never been less than 5% of yearly income, but we want to save that money for college, not use it to live on.

Two Bits of Big News

September 13th, 2013 at 03:23 pm

DH's overtime pay hit the account this morning. I transferred $1000 to the Emergency Fund. Usually I nickel and dime my way along, so it was nice to be able to put a large chunk in for a change.

$6115.32 Beginning EF Balance
+1000.00 Amount Added
-------------
$7115.32 Ending EF Balance

$186.68 to go to meet my September goal. My October goal is $7500, which is a month's net earnings. I can't believe I am so close now.

The other bit of big news is that DH has hit the income point for the year when they stop taking out social security. It was actually met on August 30th. So for the last four months of the year we will have bigger paychecks. That will really help with my savings goals.

Projected earnings are $173K unless he gets more overtime this year and of course the Christmas Bonus total will be added to that. If Christmas Bonuses are 10% this year, he will get a check for $17,300 minus taxes. If it is 5%, he will get a check for $8,650 minus taxes. Either way, DD's first year of college will be paid for and we'll be able to use next year's tax refund for something other than saving for college. If something goes wrong with the bonus, the tax refund will still be enough to pay for her first year of college at the local community college.

Payday Post

September 7th, 2013 at 06:02 am

Today was payday. Everything has been paid. Nothing is due until the 21st and after that nothing will be do until the 1st. DH ended up doing all his overtime work in five days time, so it won't be a full week of overtime, but five days is still pretty nice. I'll be able to put $1000 to the EF next week, but will have to rethink the other things I was thinking of distributing the extra money to.

We've gotten a lot of food this week. Not take out, but prepared food from the store deli. I've been out of it with my constant headache and mild nausea. Getting hit in the head with that pitchfork handle on Monday morning did me no favors. I have had no inclination to cook and with DH doing the overtime work at home, neither did he.

I'll try to get my act together this weekend. DH leaves on Monday and I can't keep letting the money fritter away when I could be cooking.

Anyway, the distribution of things today comes from a combination of this payday and last and is as follows:

$757.82 Van loan (plus extra)
__90.00 Physical Therapy
__58.00 School photos
_168.00 Storage
1000.00 Loan to Mom
_400.00 Utilities to Mom
__41.88 Life Insurance Me
__45.30 Life Insurance DH
__47.17 House Insurance (Old House)
__66.65 Car Insurance
__27.28 Electric (Old House)
__72.56 Internet
__50.22 Phone (Old House)
__55.25 Garbage
__19.00 Dues (Old House)
_225.00 Chiropractic Monthly Family Plan
_227.66 Laptop Payoff (from Laptop Fund)
_100.00 Property Tax Fund
_100.00 Vacation Fund
_100.00 Appliance Fund
_100.00 College Fund
__41.16 Security System (Old House)
-------------
$3792.95 Paid Out

We also bought gas and groceries and spent around $500. We are all stocked up on staples and aside from some vegetables and lids for canning and some milk I shouldn't need to go to the store or a farm again for a week.

Payday Round Up, EF Update, Funds Update

August 28th, 2013 at 07:15 am

I've been paying things in dribs and drabs this week, but thought I should do a full accounting.

$700.00 Mortgage
__90.00 Physical Therapy
_100.00 Emergency Fund
_100.00 Moving Fund
_100.00 Laptop Fund
_100.00 Christmas Fund
_144.00 Water/sewer Old House
__49.91 Propane
__28.52 Medical
_175.00 Medical
_853.09 AMEX
__40.00 Allowances
_200.00 Cash (groceries, OTC meds)
---------
2680.52 Total Out

I added $100 to the Emergency Fund so it is now at $6044.92, so I have met my goal of $6000 in the EF by the end of August.

New Fund Totals:

$565.61 January Money Fund
$505.21 Appliance Fund
1800.00 Laptop Fund
$600.00 College Fund
$500.00 Hawaii 2018 Fund
$400.00 Property Tax Fund
$500.00 Christmas Fund
$100.00 Moving Fund
$000.00 Propane Fund

I had the money set aside for half the water/sewer bill and the propane bill, but I paid them directly out of this paycheck. Then I transferred what I had set aside to the January Money Fund. That was $121.91.

And I think that covers it.



New Fund Totals

August 4th, 2013 at 06:08 am

$400.00 Property Tax Fund
__19.00 Dues Fund
_300.00 Propane Fund
_500.00 Hawaii 2018 Fund
_505.21 Appliance Fund (Freezer)
_444.11 January Money
_600.00 College Fund
_700.00 Laptop Fund (DH Replacement)
1000.00 Laptop Fund (DD)
_400.00 Christmas Fund
-----------
$4868.32 Total Funds in Funds

And I also have $19 and $72 set aside for garbage and water/sewer which are paid every two months.

Payday Accounting, Ranch Trip, and Family Reunion

August 4th, 2013 at 06:01 am

I paid the majority of the bills for the month from this paycheck and sent money to all of the funds. I need to create two new funds though. One for the transfer fee when we sell our house (in case we are the ones who have to pay it and not the new buyers) and one for the Thanksgiving turkey. Don't laugh. Organic pastured turkeys are expensive.

We went down to the ranch today and bought meat. We ended up with 4 beef chuck roasts, 1 pork shoulder roast, 8 pork chops, 1 bottle of their seasoning (which they threw in for free) and 18 pounds of hamburger for $300. They had some stewing hens for $7 each and I was really tempted, because old hens make the best broth, but I decided I'd rather spend that money on hamburger. And I knew I'd be making rabbit stock on Monday anyway.

We also went to a family reunion for a few hours before going to the ranch. It was okay. It's DH's mother's side of the family. Not too many people showed up this year. I got to see how big some of the babies have gotten and one of the cousins is pregnant. I was kind of bored because the people I usually talk to weren't there.

We swung by the house since it was sort of on the way back home. It's rather gorgeous inside, but...but, but, but, the stuff that was supposed to get done today did not get done. The new gutters are not up, the shed and play structure still have not been painted and the touch ups on the porch and on two of the outside walls where other paint colors show up haven't been done. I don't even think any of them worked today. *sighs* I will be so glad when this is really over. It was supposed to be done today. Not even close.

Anyway, here's the money out for this payday:

$1000.00 to BoA (will pay more next week)
__300.00 to Mom for August utilities
___24.05 Electric (Old House)
___44.87 Phone (Old House)
___72.56 Internet
___19.00 Garbage (Holding Tank)
__100.00 Hawaii 2018 Fund
___19.00 HoA Dues (Old House, Holding Tank)
__100.00 Property Tax Fund (Holding Tank)
__225.00 Monthly Family Chiropractic Care
__100.00 Propane Fund (Old House, Holding Tank)
__100.00 College Fund
__100.00 Appliance Fund
__100.00 Christmas Fund
__100.00 Laptop Fund
__300.00 Beef Fund
__100.00 Cash for week
___40.00 Allowances
__757.82 Car payment (plus extra)
------------
$3602.30 Total Money Out

I feel like we are really staying on top of things right now. I will still need to buy some produce, but we shouldn't need to buy meat for 6 to 8 weeks. I don't envision any other spending this next week.

Payday Post, EF Update, College Fund

July 12th, 2013 at 11:33 pm

Today is the small payday, but only a little comes out of it since all bills are paid for the month.

$100.00 College Fund
$100.00 Extra to the Emergency Fund
$100.00 Extra to the Laptop Fund
$140.00 Allowances and Cash for Week
----------
$440.00

That leaves me with $488.10 to get through the next two weeks. This should not be a problem as there are no bills due until the autopays the first week of August and we get an extra paycheck on the 26th . DH and I cleaned out one of the freezers last night and found plenty of good meat to base meals around for the next two weeks. We should only need to buy vegetables. There is plenty of fruit that needs to be picked in the garden so I shouldn't have to buy fruit at all.

Besides the $100 extra added to the Emergency Fund, there was also $38, $10, and 28.99 added from various sources this week.

$5257.65 Beginning EF Balance
__100.00 From paycheck
___10.00 Auto Transfer money from yesterday
___38.00 HT Money
+__28.99 Money left in checking from last payday
------------
$5434.64 Ending EF Balance

I have $65.36 left to come up with to hit my July goal of $5500. There are two more auto transfers this month, so that brings it down to $45.36. I have $16 in ones saved in my coin jar, so that brings it down to $29.36 to come up with still by the end of the month. That shouldn't be a problem.

The College Fund now sits at $500 and the replacement Laptop Fund also now sits at $500. DH is still babying his laptop along trying to make it last as long as possible so we can completely save up for a new one first.

The College Fund will get a large infusion when the Christmas Bonus comes and again when we get our tax refund next year, because we have a lot of HSA spending we can deduct. I don't know if we'll max out the HSA this year like we have the past two years, but it is possible. It will come close. Meanwhile I will save $100 every 4 weeks. It will cost about $10,000 a year including books and fees at the local state university or $7000 a year at the local community college.

The Christmas Bonus is supposed to be quite large this year due to the number of Capital projects done. Not really sure what quite large means, but it should be closer to what he got the first year and not what he got the second year. I am not counting on anything at all, though. I know that if necessary we can do it just on the tax refund and what we are saving alone. The bonus will just be gravy.


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