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Tax Question

April 19th, 2017 at 06:04 pm

I am probably going to earn around $500 to $600 this year through youtube and adsense which is considered self-employment. If I put all of that money into an IRA will I still have to pay any taxes? I am still trying to figure out how the whole self-employment thing works.

Taxes Done, Unemployment, Cutting Back, and Helicopter Antics

February 6th, 2017 at 05:22 am

DH did our taxes today and we will be getting back $9043.02. Most of this is due to medical expenses. This will be a welcome boon to our bank account and should cover about 2 months of living expenses. DH only gets unemployment until the middle of March and then it ends. I never imagined he'd be unemployed this long.

The interview he had earlier did not pan out. He was too over-qualified and it was an entry level position. He said he would work it no matter what it was, but that's not what they wanted. It is frustrating.

He put in for some upcoming stuff at Hanford, so maybe something there will pan out. At this point I don't care where we have to move, though I'm not thrilled about some of the possibilities.

It feels like everything is grinding so slowly. I just want to get back to some kind of normal life where we don't have this hanging over us anymore.

After today's transfer we are down to just over $35,000 in savings. Today's transfer will pay for all of February's expenses with a little left over towards March. I try to make only one transfer a month.

I am going to try to belt-tighten some more, but it is getting hard to find places to do so. I don't want to cut out all fresh fruits and vegetables for canned, but I may have to until it is warm enough to grow lettuce and spinach. I'm making bread and rolls now and that is helping a bit. We were spending a lot on that. I always forget how expensive it is in comparison to making it and with the Kitchen-Aid it is not hard at all to make it.

Oh, my goodness that freaking helicopter just flew too close to the house. I don't think that was the Med-Evac as it is still flying around and didn't land. Med-Evac is supposed to fly above a certain height and is supposed to circle around and come in over the freeway, not the neighborhoods. This was so low it shook the house, the windows were rattling, things fell on the floor. I wonder if there is a man-hunt going on? Excuse me while I go double check that the doors are locked.

Oh, it's back... Dang, that helicopter barely cleared the neighbor's ham operator antenna. It's not Medi-Evac, no cross on it. I can't tell if it is a police chopper or a news media one. If it is news media I am going to be peeved. I can't see any markings, but they are shining a spotlight. Man, I hope I don't lose any rabbits. I've had low-flying helicopters freak them out enough that one broke her back and died. I can hear the tom turkey freaking out. *sighs*

So anyway, I'm just not sure what other cuts to make right now. I hate to take away the kids' allowances as they work really hard with the animals. They both know it might be coming, though.

Well, maybe I am just going to have to try to cut the food budget even further. I can manage with only oranges for fresh fruit. We can give up the more expensive spinach and eat more cabbage. I wish healthy food wasn't so expensive. At least I don't have to worry about buying meat, though.

I might have to cut back on my physical therapy, but it is being so effective right now, I would hate to do that. Might finally give up the DVD's on Netflix. I hate to, it's our only entertainment, but if we do, we do. That's the way the ball bounces.

Frustrated

February 5th, 2016 at 08:59 am

I am so frustrated with DH's work. We still haven't received his W-2 form. Which, you know, means at this point they're breaking the law. I want to get the taxes done so we can get our refund back. I don't know what the hold up is. It's the only thing we are waiting on. They've been a day late in the past, but never this many days late. I hope it's not lost in the mail.

Cross Your Fingers

June 1st, 2015 at 06:40 am

Well, it looks like DH will be able to get 4 extra days this hitch to make up for the 4 days he will miss by staying over for DD's graduation. There is plenty of work for him to do. It all hinges on whether or not they can find a bed for him at work for those 4 days. I really hope so, because to not have to scramble and cut back and take money from other savings categories to cover this would be very nice.

He will know sometime tomorrow. I was not looking forward to depleting the January Money Fund, which was what I would have to do if he can't get the extra time at work.

Househopeful asked what the January Money Fund is about. Every year over the Christmas holidays, DH's work shuts down for a couple of weeks. So he has to go his usual 2 weeks off from a regular 2 on/2 off shift, plus 2 more weeks off. So he ends up with 4 weeks off in a row with no pay. Now we are used to budgeting for the 2 weeks off and we stretch the money to cover the whole 4 week cycle. But when those four weeks off come up (be it in January or December, we never really know until closer to time), that gives us four weeks we have to stretch money over, which is a lot harder.

This year I started saving for that time period quite early. When we were paying off debt and the mortgage I generally didn't start saving for it until September or October, but now I can save all year for it. Usually we can count on DH's Christmas bonus to help some, but last year most of that went to fixing the leaking moon roofs in the van. So I don't want to depend on the Christmas bonus for anything, because who knows what might come up. So hence this fund.

Plus we still don't know what our tax situation is going to be for next year. Since we only lived in the house we sold 1 out of the last 5 years before it sold, we may have to pay some taxes on the sale. Maybe not, but we won't know for sure how much of the remodel and repairs and improvement we can deduct until we get all the tax paperwork.

I am thinking it will probably all be a wash, but if it is not, we won't owe more than we generally get back, which is around $7000 due to our medical costs. It'll be a bummer if we don't get a refund, because I usually use the money to bump up the Emergency Fund and in the past to pay down debt, but now to save for a down payment on our upcoming farm purchase. But we should at least walk away without having to pay out, which is better than having to pay in by a long shot.

I really do think it is criminal of them to tax our house sale this way, though. We lived in that house for many, many years, and it was our only house. The money that is in savings from the sale is intended for our next home and that should be allowed to be kept. It used to be you could keep it if you rolled it over into a new home, but not anymore. And it's not like it was a huge sale or anything. We're not talking about a $300K plus house here. Or even a $150K house.

Well, this turned into a rant. I guess things have just been on my mind a lot lately.

As a quick update on my daughter, she finally, after 10.5 weeks has stopped bleeding. She's still in a lot of pain though. They are testing her for a clotting disorder and a bleeding disorder. We should find out in the next day or three. She is having nosebleeds, unexplained bruising, and severe cramping in her calves as well. She's still anemic. Please continue to pray for her.

Paid Off the Van

March 10th, 2015 at 12:51 am

I went down to the credit union and made sure there wasn't a hold on the money deposited to my account from the house sale. I transferred enough money from the savings to the checking account and then went onto the website I pay the van loan on and paid it off. Yay! No more consumer debt!

Now all I have to do is wait for the title of the van to come and then I can go down and change our insurance. We won't have to carry as much now that it is owned by us. Of course we still have to carry liability, uninsured motorists, and medical and I wouldn't want to go with out that, but we don't have to carry comprehensive anymore.

If we get into an accident that is our fault and totals our vehicle we have enough in savings that we could go and buy a used car outright or fix most of the damage. But that is highly unlikely given DH hasn't been in an accident since 1995 and I haven't been in one since 1988. We are very cautious drivers. If we get hit it will likely be the other person's fault.

I do still need to pay the guy who remodeled the house, but I am not sure what is going on there. They have declared bankruptcy and it sounds like they want me to hold onto the money until after everything has run its course. I have only gotten this second hand from Mom, though, so tonight I will find out for sure. If that is the case then I will send the money to my online account which earns more interest. I really don't like the idea of holding onto it, as I'd rather have it taken care of.

I have a question about the house sale, maybe MonkeyMama might know. Do we need to do anything to declare it? Does it go on income tax for next year? Is there some sort of form we have to fill out and send in? The title company was kind of vague about it and while I did ask them, all I got out of them is that it has to be reported but not how. We are nowhere near the capital gains threshold.

And Now the EF is over $14K!!

February 27th, 2015 at 05:03 pm

Our income tax refund came. It actually came on the 25th, but since I have never had a refund come on any day but a Friday before, I didn't bother checking for it until today. So here is the new Emergency Fund Balance.

$12,075.00 Beginning EF Balance
+_2,000.00 From Income Tax Refund
---------------------
$14,075.00 New EF Balance

My goal for the year is to get the EF to $15,000. So now just $925 to go. $15K is both my main goal and my next mini-goal. $15K is the most minimal of expenses to survive for 3 months with no pay. It's not a comfortable 3 months, but between that and unemployment we could survive on it.

The goal after hitting $15K will be $21,000, which would be 3 months of very comfortable living or 4 months of tight living. But I imagine that will take another year and a half to two years of savings to get to. It'd be faster, but we have some college to cash flow.

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.


Payday Report

January 10th, 2015 at 06:37 am

It was good to finally get to payday. This year I am going to start much earlier on saving for the shut down that occurs every December at DH's work. As in, this paycheck. And in April when things cycle around so that we'll have an extra paycheck, I will put a good chunk of it into that fund as well. It was nice to be able to get through that time period without touching the Emergency Fund and I am glad we did not rely on the Christmas Bonus as that went to pay for the car roof repair and Christmas. There was nothing of it left for living expenses.

The paycheck is about $100 less for this pay period than it has been due to the new 401K withdrawal. Not too big of an amount to absorb easily. We'll see how it goes for the whole month before we decide to up it a percent, though.

Payday Report:

$800.00 to Van Loan (including extra)
_400.00 to Mom's utilities
__24.28 Electricity (old house)
__75.65 Internet
__48.60 Phone (old house)
__46.00 Security Monitoring (old house)
__41.94 Garbage (two months)
__13.75 Medical
__29.85 Medical
__66.61 Medical
_100.00 Allowances (two weeks, 2 kids)
_100.00 Cash for Week
_178.00 Emergency Fund
_100.00 Property Tax Fund
_100.00 December Money Fund
_100.00 Propane Fund (old house)
---------------
2224.68

The Propane Fund now sits at $700. The December Money Fund is at $233.55.

Payday Report

October 3rd, 2014 at 05:48 pm

$250.00 AMEX
$400.00 to Mom for her utilities
__46.00 Salmon and canning jars
$100.00 Emergency Fund
__29.06 Power Old House
__47.92 Phone Old House
__75.65 Internet
__45.30 Life Insurance DH
__44.66 Life Insurance Me
__74.41 Car Insurance
__48.75 Old House Insurance
__41.66 Security Old House
$186.00 Storage
$100.00 Property Tax Fund
$100.00 Propane Fund
$450.00 December Money Fund
---------------
$1789.41 Total Money Out

I do have a few other things that will be coming out of this paycheck, but they aren't due for a while so I will likely lump them in with next week's payday report unless I get the bills before next Friday. I will be buying the kids winter coats and umbrellas. I will be buying hay. I've got a couple of medical/dental bills to round up, too.

Payday Report

June 15th, 2014 at 07:17 pm

$757.82 Van loan (plus extra)
_283.13 groceries
__50.00 gas
_204.00 for strawberries for the year
_140.52 Sleep doctor
__48.60 Phone (old house)
__88.15 Internet
___9.80 Book of stamps
_120.00 Physical therapy
_100.00 Emergency Fund
_100.00 Propane Fund
_100.00 Property Tax Fund
__19.00 Dues Fund
-------------
2021.02 Total Money Out

I also spent $48.03 on rabbit feed and supplies.

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.

Tax Refund Came--What We are Doing With It

March 19th, 2014 at 09:07 pm

I was actually surprised at how quickly the tax refund came. We were way behind on getting it sent off this year, but it came 8 days after we sent it in. Total this year was $6236.41. It would have been $60 higher if we hadn't done it online. But it cost $30 to do it online and we chose to pay for it from our bank account instead of with a credit card, not realizing until it was too late that it cost an additional $30 to do that, which is a major rip off in my opinion, but DH didn't read the fine print until too late. Oh, well, what is done is done.

I sent $1236.41 to the Emergency Fund.

$8531.50 Beginning EF Balance
+1236.41 Amount Added
-----------
$9767.91 New EF Balance

I also sent $1000 to the January Money Fund.

$1000.00 Amount Added
+_167.00 Beginning JM Fund Balance
------------
$1167.00 New JM Fund Balance

I added $1000 to the Appliance Fund.

$1000.00 Amount Added
+_200.00 Beginning Appliance Fund Balance
-----------
$1200.00 New Appliance Fund Balance

I set aside $1500 to pay for DH's sleep study and the remaining $1500 will go to pay for materials to build our green house and duck house.

We did not qualify for the child tax credits this year, DH worked too much overtime and it bumped us up, and our daughter is 17 this year anyway, but we were able to deduct the full amount for our HSA since we maxed it again this year. Without that our refund would have been much lower.

I think I am going to try to get the Emergency Fund to $10,000 by the end of the month. I think I can do it. I got our safe driver's refund check to cash, our AMEX check to cash, a $16 check for rabbitry sales to cash, $100 to come out of this coming week's paycheck and two more $10 auto deposits. I basically need to come up with about $30 to hit it and there are already 7 ones in the coin jar. I can do that.

Once the EF is at $10,000, then I am going to change my focus a bit. I will still deposit $100 a month to the EF, but the $10 weekly deposits, the refunds that come in, the rabbitry money, and the coin jar money are going to be used to build up the moving fund account. Right now there is only $600 in that account and $300 of that is going to have to go to the HoA for their extremely ridiculous new rule of paying the HoA $300 to transfer ownership of a property in the development to a new owner.

Even though we plan on renting a U-Haul to move, I know we'll need it out for a week so we don't have to rush things. I also need to pay for a piano mover to move the piano. And I'm pretty sure we'll need to pay for a few meals out while the kitchen is in transition. So I'd like to get that fund up quite a bit higher than it is. Maybe $1500 or so.

As soon as DH gets home we are buying our chest freezer with the Appliance Fund Money. I am going to get the biggest one they have at 24.6 cubic feet. That way we will have plenty of space for rabbit meat, a steer, half a hog, and a couple of lambs. Then the small chest freezer we currently have will be for chicken, turkey, and duck meat and the freezer under the fridge can go strictly for frozen fruits and whatever vegetables are not canned.

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)

Payday Report

February 21st, 2014 at 08:31 pm

$1000.00 to Mom
__144.00 Water/sewer Old House (2 months)
__600.00 Mortgage Old House
__100.00 Property Tax Fund
__100.00 Emergency Fund
___19.00 Dues Fund (HoA Old House)
___90.00 Physical Therapy
+_100.00 Cash for Week
-------------
$2153.00 Total Money Out

I've also got to pay the kids' allowances for the last two weeks and buy groceries. I don't need to get that much. Milk, potatoes, lettuce, kale, chard, parsley, salmon, cod or snapper depending on what is in, deli meat, turnips, maybe a winter squash, and cabbage. I think I want some pears, too, but it will depend on how they look. I still have some apples and oranges, a couple of bananas, and a very unusual for me out of season imported watermelon, so not doing bad on the fruit front.

I need to pick up some black oil sunflower seeds for sprouting with the barley fodder, for the rabbits and some new chew blocks to hang from their chew toys. I am glad they are refillable. I also need to pick up some locking hardware for the 2 outdoor rabbit hutches that never had it put on and two feed cups. I have plenty of extra water bottles. We will be using the outdoor hutches when we bring the new rabbits home. They will be in quarantine for 4 weeks before I put them in with the other rabbits to make sure they have no illnesses.

I am going to risk breeding Piper with the red buck after he settles in simply because I don't want to wait a month. I want our first batch of spring bunnies by the end of March/beginning of April. I will breed them outside in one of the rabbit tractors (movable pens) to minimize exposure.

Piper is our best doe so she'll be the odd one out. The others I will pair up so I am having two does having litters at the same time. When Kalia is old enough to breed she will be paired with Piper. Then when the two red doe kits grow up I will pair one with Piper and one with Kalia, because end game is to have two unrelated litters growing out at the same time so if someone wants breeding stock that is not related I will always have that option for selling.

Okay, that kind of went off on a tangent.

Doing Some Math and A Tax Question

February 16th, 2014 at 07:55 pm

So this morning I figured out that if I pay $680 a month on the mortgage it will be paid off this year. If I pay $2000 out of our income tax refund and pay $690 a month it will be paid off in October. This is assuming I make a payment March 1 as I don't expect to see the tax refund before the end of March.

We could actually pay off the entire mortgage with our tax refund and still have some left over. (Don't judge the big tax refund. We are getting it because of our HSA being maxed out this year.) Except I want to put $2000 into the college/tuition fund as well as pay $2000 on the mortgage. And put a substantial chunk of it into the Aquaponics Fund.

Does anyone know if a portion of high school tuition is deductible like college tuition is? I know we won't be able to deduct it until next year, but it would be good to know now. My daughter will be enrolling in an online high school to finish her senior year and we'll be paying between $690 and $1445 depending on how many credits transfer. I think 17 will transfer but they won't know until they get her transcript.

Also, can you deduct tuition or college expenses for more than one person or is it a set amount per year regardless of how many people in your family are going?

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

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

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 26th, 2013 at 02:57 am

Today is payday. I paid a few bills and set aside some extra money for the farm so we can purchase some extra beef to can this weekend.

Otherwise the way the money went today was:

$1000.00 Loan Payback to Mom
__400.00 Utilities to Mom
___90.00 Physical Therapy
__400.00 Beef Money
__100.00 Cash for Week
___40.00 Allowances
__144.00 Water/Sewer Old House
___53.82 Medical (DD ER Trip)
___82.30 Propane Old House
__424.49 Property Tax Old House
__700.00 Mortgage
__500.00 January Money Fund
------------
$3934.61 Total Money Out

The January Money Fund is now at $1275.25. The budget is running smoothly.

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.

Payday Entry

June 1st, 2013 at 12:00 am

So I added the $40.50 in the coin jar and the $31.96 leftover in checking to the EF. Along with the June deposit of $100, which I made today even though it's not June yet, bumps the Emergency Fund to $3844.78., so the normal goal would be to scrape up enough to get it to $4000, but since DH has overtime, June's goal is $5000.

I went ahead and funded my funds as usual today, even though I know that eventually that money will probably be wiped out for the Wisconsin trip. But I'm keeping it in the funds sections anyway until we know either way what is going to happen there. Available fund totals are now $1300 ($1000, if I don't count the meager college fund). This does not count the property tax fund or the propane fund, or any other fund that is a bill paying fund for bills not paid monthly. We'll only be taking from the non-essential funds like Christmas, Laptop, etc.

Here's what came out of today's paycheck:

$300.00 to Mom for June utilities
__90.00 Physical therapy
__39.53 DH Life Insurance
__32.70 Me Life Insurance
__66.62 Car Insurance
__45.67 Old House Insurance
__41.16 Old House Security
_168.00 Storage
_600.00 Mortgage ($224.14 extra to principal)
_100.00 Cash for week
__30.00 Kids Allowances
_620.64 AMEX (gas and eating out)
__72.00 Water/sewer Fund
_100.00 Emergency Fund
__19.00 Garbage Fund
_100.00 Hawaii 2018 Fund
__19.00 Dues Fund
_100.00 Propane Fund
_100.00 College Fund
_100.00 Laptop Fund
_100.00 Christmas Fund
------------
3165.77 Total Paid Out

I have $241 in checking, msot of that will go for groceries and over the counter medicines to restock up after the three of us were ill.

When the mortgage payment hits the remaining mortgage will be under $12K. I am excited. $10K left seems closer than ever

Oh, I forgot, there was also a medical bill of $157.41 for my daughter.

Payday and Musings

May 11th, 2013 at 02:58 am

Okay, now for all the things that went out of this paycheck.

$1000.00 to Mom
___90.00 Physical Therapy
___35.42 Electric Old House
__757.82 Van Loan (plus extra)
___51.78 Garbage (one extra can this month)
__212.71 Medical
___41.78 Security Old House
___72.56 Internet
__225.00 Monthly Chiropractic Family Plan
__105.00 Propane Fund
___19.00 Dues Fund
__100.00 Property Tax Fund
__100.00 College Fund
__100.00 Appliance Fund
__100.00 Christmas Fund
__100.00 Laptop Fund
__100.00 Vacation Fund (Hawaii 2018)
___28.00 Kids' Allowances
___75.00 Three NZW rabbits from different bloodline
__100.00 Cash for the Week
------------
$3414.07 Total Paid Out

We are down to owing Mom $72,000. That means 6 years left to go, if we continue on the repayment of $1000 a month. It will be gone when we are both 49. Our van will be paid off well before that. After that is paid off we will work on paying off the mortgage on our small farm that we plan to buy once our house sells. And also play mega catch up with retirement. We want to go into retirement 100% debt free, which will make it easier to get by on less. As will raising our own meat and growing our own produce as much as possible.

It feels like we are finally starting to really pull ahead as I plan for future needs and am able to set the money aside each month. We are two paychecks ahead of our bills now and we have half a month's income in the Emergency Fund. It's getting there and each small step I take has built on the last one. Some people may scoff at $10 here or $5 there, but I know. I know from experience that it is the little things just as much as the big things that get you there.

Updating Funds

May 11th, 2013 at 12:35 am

I added $36 to the Emergency Fund today. It was what was left in checking when the new paycheck hit. That brings the EF to $3642.32. I'm going to bump my May goal up to $3700.

I also funded some funds today, which I'll put the amounts in my payday post, but I thought I'd post my fund totals.

$1000.00 in the Mac Book Fund
__200.00 in the Laptop Fund
__200.00 in the Christmas Fund
__200.00 in the College Fund
__100.00 in the Appliance Fund
__200.00 in the Hawaii 2018 Fund
__100.00 in the Property Tax Fund
__305.00 in the Propane Fund
___89.00 in the HoA Dues Fund

We've got a long way to go on some of these, especially the College Fund, but we will be putting the Christmas Bonus in, as well as most of the tax refund next year (which is ridiculously big because of our HSA that we always manage to use all of).

The Christmas Fund will be augmented by the Amazon gift cards I get from swagbucks. DH's Laptop is limping along and hopefully will continue to do so until I've got the replacement money in place. DD will be getting her MacBook (or equivalent laptop) in August. She's taking some graphics intensive classes next year as a senior. The Appliance Fund is currently earmarked for a chest freezer. Property tax was just paid last month. Propane Fund is just a holding fund until the bill comes and I pay it.

All in all, things are going along pretty smoothly in the Funds department.

Bits and Pieces

May 1st, 2013 at 01:48 am

I haven't been very together this week. Queen's death, while expected, still threw me for a loop. I've got my equillibrium back today, so I thought I better get my head out of the clouds and pay some attention to the finances. Although they were basically on auto pilot this week anyway. Nothing much happens during the last week of the month. I took care of property tax ($424.58, half year) and the water bill ($144, two months) on Friday which were the only things due. I also had physical therapy on Friday ($90).

Yesterday I cashed out at Swagbucks for a $5 gift cared to Amazon. I haven't really been paying much attention to SB this month, so only got $10 in GC's. Today they seem to be giving double points for everything so I've got SBTV running in the backrgound. I have just been more busy this month than usual and not wanting to waste so much of my free time on it.

I got 11 cents and a sheet of address labels from some charity I have not donated to in over ten years. I have written them and asked them to stop sending me appeals so they don't waste their money on me, but they don't listen. I have no compunction against using what they send. I donated well to them for five years, but my charitable contributions are focused elsewhere now, locally. Anyway, that is my fifth or sixth dime this month.

I added $12.26 to the coin jar today. I had a lot of ones in my purse.

I stopped by the feed store and bought a 40 pound bag of rabbit pellets. It is $14.99 plus tax, so $16.29 altogether.

I paid the AMEX off ($271.92) for the month. I need to make a large payment to BoA VISA, but I need to balance the checkbook first. With the large amount of overtime money in the bank account, I haven't been balancing daily like normal, so I'm a week behind. I'm nowhere near overspending or anything, just need to know exactly where I am at so I can figure out how big the payment can be.

My electric bill has been moved from the 7nth to the 13th. They have changed how they bill, so last month's was a little higher to compensate for the extra week. Now it's back to normal and I do like that it is away from the first week of the month. I really don't like anything being due then, because that is when all the autopays come out and I don't want to think about having to write out a check. Their website sucks, they use impossible to decipher captchas, and the amount is variable from month to month so I don't autopay or pay that one online.

I have made it through my second day of no eating out and sticking to the meal plan. I've been wasting more money than I want to think about on takeaway and last minute grocery runs for deli food because I have been under the weather and haven't felt like cooking. I aim to get that back under control. I am sure I will stop feeling better eating homecooked food again, too.

I guess that about catches me up. At least I can't think of anything else for now.

It's Been a Few Days

April 15th, 2013 at 03:53 am

Had a bit of a shopping spree. Only it was at Goodwill so it didn't cost very much. DD got 3 lightweight sweaters, a cute turquoise empire waisted spring shirt, and a 3/4 length lambskin jacket. I got two 8 x 10 tarps, 5 wide mouth pint jars with rings and lids, and DH got a thing to help his laptop fan work more efficiently. Hey, it's a big shopping spree for us! We spent $53.72.

I need the tarps for the rabbit shed to hang on the walls behind the cages to protect the walls against sprayed urine. Yesterday I picked up two rabbit cages at a feed store near the ranch we get our meat at. We were on the way back from our ranch trip and there has been a shipping delay on the cages we ordered and we can't really wait much longer to take the kits from the mother rabbit. I just need to pick up a couple of feeders tomrorow and we can start taking the babies away.

When we are at the feed store they inquired about our rabbits and I left contact info, because they are interested in buying them to sell as pets. Of course I told them we are just getting started, so it wouldn't be for a while. Someone is going to call me.

I just find it interesting that through no effort on my part whatsoever we have people that want to buy our rabbits for pets or for food. I guess they are right when they say word of mouth is often enough. Of course, this first batch is for us, but we should have a new batch of kits in about 4 weeks.

There are some pedigree NZ Whites on offer in the next county so if the cages come in time, I may see if I can get a couple more adult does. Then I can really get into production.

It snowed here yesterday morning. I don't even know. It was just a light dusting, 1/2 inch or so, certainly not a blizzard, but hello, it's the middle of April. This is so not on.

I think I will pay property tax tomorrow. The courthouse is next to the library and I have a book on hold to pick up so might as well combine trips, even though tax isn't due until month's end. Not much point in waiting. I just want it done because the last two years I waited until the last minute and then had to pay it online, along with the online charge for doing so.

I've not been as chatty over here. That's mostly because I've been talking about the farm stuff over on the other blog, trying to mostly keep this one on the financial front. If you want to catch up with that stuff you can visit me there at http://whendidthisbecomeafarm.wordpress.com/

Supposedly the house will be done by the first week of May. I'm still not holding my breath. It would be nice. That's an excellent time to put it on the market. And it'll be move in ready. But they've been pushing the date out and out and out since this began, so who really knows? I just want to be done with it.

I got another $5 Amazon gift card from Swagbucks. I haven't been very focused on it this month. My account balance is now $120.

DH's mother gave us a camera so now I don't have to worry about saving up for a camera. Which is nice.

Oh, and I found a dime in the parking lot today. It went to the coin jar.

Bits and Pieces

March 2nd, 2013 at 01:03 am

After my deposit of coin jar money yesterday and my weekly $10 auto deposit to savings, plus today's interest at ING, my Emergency Fund is now at $3021.46. My February goal was $3200, so that was met. My goal for the month of March is to get the Emergency Fund to $3200. I am not being overly aggressive this month because we're going to Disneyland. So that will be the usual $100 transfer to the EF, plus the four weekly $10 auto transfers. That'll leave me with $38.54 to scrape up.

We received our property tax in the mail and it's gone down by almost $200 for the year. That means I only need to be budgeting $71 a month for property tax instead of $100. I am going to put the additional $29 into the college fund each month along with the $100 from the Vacation Fund I am eliminiating and the $50 from the laptop fund and the $50 from the appliance fund. So $229 a month will be going into the CF, plus any Christmas bonus DH gets this year and next year's tax refund. That should cover a year at the community college and text books.

One of the courses DD is taking next year at the high school is worth 5 college credits, so that will be one less class to pay for. She is getting pretty serious about doing the peace corp after 2 years at the community college before coming back and completing college. She'll come back from that with $7000 for school, teaching experience, intensive foreign language training, and the ability to live on a budget in a third world country, all things which should bode well for her future. I would like her to go to one of the Chinese language countries as I think Mandarin would be of most benefit to her future, but it's her decision to make.

We have made the decision to start raising rabbits this year and not next. It is a big decision, but my mother was very excited about the idea of doing it. I thought she'd be down on it, but she wants us to raise them and some meat chickens and take out her large flower garden and plant it in vegetables this year. So, I am really getting just about everything we want for our homesteading ventures.

I think part of why my mother is so on board with all of this is because the way the economy is going she doesn't think she'll be able to afford to buy food, just to grow it. I have told her that we will always make sure she is provided for, that's what you do for family, but she still worries. There is a sharp rise in prices right now and there will probably be an even sharper one in a couple of months, so I don't really blame her.

I paid out $90 for physical therapy today.


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