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December 23rd, 2022 at 10:08 pm
Covid kicked our butts so hard. I am finally feeling almost normal again. I still tire very easily and if I go out in the cold my cough comes back and my lungs don't feel like they will ever be the same when I exert myself. This is my fourth go around. The first and the last were very bad, the two in the middle not so much. This last one, though, was worse than the first and I thought the first was horrible. But we are functional just in time for Christmas. Having to sleep through Thanksgiving instead of having one was a bummer for all of us. It will be an easy Christmas, though. A ham in the crockpot, potatoes in the Instant Pot, green beans and corn in the microwave, maybe some fudge. No hard work, but plenty of good food.
As for goals, I've been thinking about them a lot. I've also been debating about bumping the 401K up to 17% from 16%, but I'm not even sure it is worth bothering at this point. It's better used in the budget right now. So far these are my savings goals for 2023, in random order.
1. Refund the Emergency Fund--Add $250 every 4 weeks to the EF.
2. Purchase a Propane Grill with Smoker--Save $250 for 12 weeks and I will have $1500. I may not spend that much, I probably won't, but I don't want a garbage one. This will put me at March 17th and I may find some good grills on clearance as they prepare for the new season of grills coming in. I am not adverse to buying a separate smoker as they are not all that expensive.
2. Save for Beef Fund--Save $500 a month for 5 months, ending in May, for a total of $2500 to buy a whole steer. I may not need this much but with costs going up everywhere, I tacked on an extra $500. I'll contact my guy beforehand and see where prices are going. I may need to extend into June for $3000. I will also be saving excess grocery money, so it may not take the whole time.
3. Save for Snow Blower--Starting in May or June, depending on when Beef Fund is completed, save $500 a month for three months to purchase a snow blower for next winter and a chain for locking it to the back porch. The garage is too far away if we get dumped on like we did last week. 1.5 feet in two days that has lasted for several days. This has happened several years running now. And several times a winter. Never used to, but it does now.
4. Starting March 24th save $250 a month for two generators, one for the garage freezer and a more powerful one for the house. I still have to price these. I am not sure how much they will cost yet, but I hope to have enough saved by October to have both.
5. Get some kind of covered seating area and some more chairs so we can eat outside more in the spring and summer. Not sure where I will fit that in. Maybe start the generator savings later.
After I've saved up and purchased these items any money leftover and any money that was being saved towards those goals will go to the Emergency Fund.
Actually, things might be thrown off a bit. Mom will need help with house taxes and insurance. I'll have to look up what those were last year, but this is still more or less what I will be doing, maybe offset a bit.
Longer Term Goals--Things I Want to Save for in 2024
1. Emergency Fund--Go a Little More Hard Core and Get it Up to 6 month's expenses.
2. Start a Fund for Future Taxes and House Insurance--It'll probably be a few years yet before Mom dies, she's healthy, just old, but when she does the taxes will no longer be at a senior rate and they are around $6K and we will have to assume the home owner's insurance. I would like to have $7K set aside for this so that our first year we don't get slammed. Even $14K would be helpful, but might take longer than one year. Of course when the time comes I'll just work it into the budget, but I want to pay it from the beginning not be on a payment plan.
3. Save Up to Upgrade our Electric Panel Fuse Box Thingy--No idea on the cost of this, but I can ask DH how much it cost when his mom had to do it. We have one fuse box in the basement and one upstairs and the wires are ridiculous. And I am pretty sure the loads are improperly done. So we need to get an electrician out to fix everything and bring it up to code and have it so everything is upstairs and done right. The problem will be convincing my mother. Plus she built a bookcase around the fuse box, which isn't allowed and may have to be demolished. This one may have to wait until after she dies, but I'd really like to do it sooner, for safety reasons.
2025 and Beyond
1. Start a Fund for an Electric Vehicle--This probably won't get much contributed to it on a monthly basis. Both our vehicles are in great condition and they haven't made a good mini-van that is fully electric to my knowledge. Although we may need a different kind of van that is wheelchair accessible for DD at some point, and I have no idea if those will ever be electric. We intend to drive both vehicles until they die of old age or we can't get parts anymore, but neither is at that stage.
2. Start a Fund for a 26,000 Watt Whole House Generator--This one is $10K probably with installation costs. It ties directly into your natural gas or propane line, so you don't have to fill it with gas. I want the one that automatically turns on when the power goes out and turns off when it goes on. I don't want to have to fiddle with that. The only issue would be if the gas line breaks or you've run out of propane. This one is less urgent than others. Our power always gets restored quickly since we are on same lines as the hospital. We've never been out more than an hour or two here and usually it's much, much less. But as the infrastructure crumbles and domestic terrorists keep trying to sabotage the grid, having another source of power for my home is something I'd like to have and a lot cheaper than solar powers at this point. Maybe save $2K a year on this one. We can't do anything until we get the electrics upgraded.
3. Solar System--I'd like to have one that meets all or most of our electrical needs on a daily basis for most of the year. It may not be practical and we may not get our money back out of it, but the kids will inherit the house so it will be worth it for them. I'd like to save about $4K a year for this, too, when the time comes. Again, we can't do anything for this until the electrics are upgraded, because it will tie into that to run the house.
4. Remodel the Kitchen--Not by a Lot. I just want to take out the stove and put in two wall mounted ovens on top of each other, one a baker's oven. I can't bend down to the floor to put things in the oven anymore. My grandmother had one of these and I loved it. Take out some of the cabinets that don't have cupboards above them and put in a 6 burner range that vents down through the floor, into the basement, and then out through the side of the house. I want to be able to have canners on two burners, be heating lids on another, and heating water to blanch on another while there is at least one more burner free for someone to cook something if they are hungry. One burner at least will be blocked by two canners, so covering three.
5. Remodel Every Bathroom in the House. The ceiling of the guy's bathroom needs to be replaced now, though with some kind of water resistant drywall. The mold remediation did not work and the situation has gotten really bad and now black mold is appearing on the ceiling. The painters who did the mold remediation have still not come back to fix it even though under the warranty they are supposed to. It's been a thing. Plus their entire paint job has practically peeled off in there because they didn't scrape off the previous paint even though they were supposed to. I think we would be better off cutting out the ceiling, renting a drywall lift and putting a new piece in place. Then scraping it and repainting with mold resistant paint.
The bathroom that DD and I share needs a new shower installed. We both want a walk in shower with no tub. The tub shower combo we have now has a crack in the tub that we sealed up with boat sealant, but I think there is still a leak somewhere because the floor is bowing, so I think we will need a new floor in the next couple of years, which also means new flooring. We might do tile. I'd also like to paint it a color I like and put in some shelves, a smaller mirror that isn't so tall, so I can actually reach the top to clean it, a different light that is not a long bar of special lights that are hard to find and are incandescent. We also need to get a new shower head. The sprayer on the one we have is awkward and doesn't move with you. We need to replace the faucet, too. We have a new one, DH just hasn't had the time.
In Mom's bathroom the shower doesn't work right and ends up leaking water down into the basement. There is also an old jetted tub that is very short so you can't stretch your legs out. There is nowhere to install a handicapped rail to help you get up and down, and the jets only sometimes work and the sink and vanity are very ugly. So once the house is ours, the tub and shower will be torn out. I'd like to move the toilet to where the shower is now, and put the sink where the toilet is. I'd like to put in some shelves.
Then where the sink is now I'd like to put in a sink and chair like they have at the hair salon for washing hair. My back is so messed up now that bending over the sink to wash my hair is a production. That way both my son and daughter could wash my hair and not just my husband. My shoulders and wrists have a hard time with it these days, because it is so long, by the time I get through two washes and a conditioner I am in agony. Gotta love reumatoid arthritis. Then where the tub is now, we want to put in a tile shower with a lip and showerheads on both sides. We might have to run conduit to do that and an equalizing pressure dohickey, but it will be nice.
The other bathroom just needs a different bathtub. Mom put in a seated bathtub, but it is horribly uncomfortable. It seat rises up in the middle so basically it splits you where you sit and it has painful air jets instead of water jets. So we want to put in a tub with water jets instead. That'll cost $20K so who knows when that will happen. We may never have all that extra money and just use it as a soaking tub as we do now, since the only good other tub does not have handicapped rails in it and has the moldy ceiling wih the peeling pain.
So lots of saving money, lots of things on the horizon. Some more important than others, some more likely than others.
December 23rd, 2022 at 07:03 pm
$10,285.51 Balance Forward
+__,_82.11 Amount Added
$10,367.62 New Balance
November 13th, 2022 at 01:00 am
I am sorry for any typos in this. My space bar is sticking and I don't have any compressed air to clean it out. I think I've got them all, but I'm not sure. Our retirement accounts are starting to turn around. Don't get me wrong. The IRA is still -18.04% for the year, because it plunged even lower than my last report, but it's come back up by a little over a thousand dollars. That's a loss of $2707.65 in an account we don't contribute to at all right now. It will have to climb a lot higher to erase that percentage and I don't think it can do it by year's end.
The 401K went from over -25% for the year to -13.59. The loss for the year, only because we have been contributing, is -$9488.88. We won't make up for that this year, either. There are only four contributions of $1152.48 to be made, mostly from us, but some from the employer match. Even if DH gets any over time, it won't be enough without a tremendous rise in the stock market. I haven't been watching since August, though, because the whole year has been so awful, so I don't know what it was doing. But judging by our contributions versus where we were at the end of August, it still ate half of them, so I'd say it wasn't the greatest.
Still it is up since the last time I changed my sidebar by $4920.33. That brings the amount in retirement to $83,848.84. I also transferred $1000 out of the emergency fund to fix a leak in the van's sunroof. Never again will we have these on a vehicle we buy. This is the second time we have had to do this repair. I mean the van is 12 years old, but they should build it so this never happens.
When it rains hard the water leaks down into the seat belt wells and soaks them, so when you pull your seatbelt out it is drenched. So it etiher goes against your jacket or sweater, so you have a wet piece of clothing or you keep towels in your car to put between you and seat belt which is not comfortable and kind of a distraction. And if it freezes really bad, like 17°F or less (-8.3°C), the seat belt will get frozen in the ice after it fills up with water during the day before the temp drops, whether it is rain or melting snow. If we hadn't just shelled out over $1200 on vehicle maintenance and replacement filters and whatnot, we'd have had the money in our car maintenance envelope. But we did, so we didn't have it.
Anyway, that reduces the EF to $10,285.51. Which means the total of net worth changes by $3920.33, going from $146,216.13 to $150,136.46. So we have hit a major milestone goal for us, crossing the $150K barrier on net worth. This was such a long, long time coming. I feel like we are lucky we even got here considering the last year, where everything that could go wrong with the economy, did go wrong. So while it is amazing to see it, I'm still kind of scared it will disappear on me before the end of the year, and hoping like crazy it doesn't. But I will know we hit it once and that we will be able to hit it again somehow, some way, if we have to. And know, as they say, is half the battle.
July 22nd, 2022 at 04:35 am
DH had his performance review today and life suddenly got a whole lot easier. His boss, his boss's boss, and the company president were all there for the review. The company freaking president. It was a massively glowing review. DH probably could have been seen from space, it was so glowing.
Now, previously his boss had told him to expect something that would make him fall on the floor if he got what was put in for. My response to that when DH told me was that the only thing that would make me fall on the floor would be going up to $150K, but I'd be happy with anything to help with the massive inflation.
Well, my dears, they didn't even hesitate to sign off on what was requested. Let's just say that we have both collapsed in a heap. DH got a $22,624 a year raise. That is 17.8%. So is that $150K salary? No, but that's quibbling. It's $149,816 a year. So close enough in my mind! Plus he works several weeks of 10 to 20 hours of overtime a year, so it'll probably be closer to $160K when all is said and done.
DH said the amount of his raise was the amount of his salary the very first year he started at an engineering company fresh out of technical college, about six months before we got married. I remember living on that and deciding to have a baby. We lived on love, faith, and hope. Well, we aren't living on hope anymore. We're back to being on dry land, no more treading water and no more sinking.
DH is now where he was while working in Alaska in 2015 before the lay off that wiped out our savings and put us years behind where we could have been if all had gone well. Only now he's not on hazard pay, he's home, the benefits are better, he's pretty much guaranteed a job for the rest of his working life assuming the company stays solid, and we don't have to pay for airfare to get to Alaska or a mortgage or a car payment or any debt at all. And when we do inherit the house from my mother, we will be able to pay the property taxes. It's like a massive weight has been taken off my shoulders. I praise God for this so much. DH has worked so hard for this company, they've noticed, and it has paid off in spades.
But the biggest, most important thing in this is that if the appeal to keep our daughter on DH's medical due to disability doesn't work, we can afford to pay for her insurance without wiping out our entire emergency fund and still have money leftover. And that feels like the weight of the world has been lifted off of all of our shoulders.
And now I can rebuild the Emergency Fund. I had to take out $7000 for repairing a rotten bathroom floor and fixing a plumbing leak. We will probably have to completely rip out the bathroom/shower and put in a new one, too. But at least we didn't drain the fund. There is still $13,285.51 in it. We will get it back up again.
Then maybe we can save up so DS can go to school and become an electrician or engineer like he is interested in. We haven't been able to afford it since this is such a high cost of living area. Now maybe we can. Technical college is not as expensive as other colleges and ours offers a bachelor's degree in engineering at a third of the cost as our university does.
And after that, I want to get a solar system for the house. That has always seemed like a pipedream, but who knows now? If we can replace at least half of our energy costs for the year, that would be great. Maybe we can get one by 2030. I don't want to get too far ahead of myself, but yeah. Maybe.
Anyway, I am raising a glass of cyber champagne high. Cheers!
April 2nd, 2022 at 09:35 pm
We recieved our dividend check from Louisianna Pacific for .70 last week (I think) and the interest income from C1-360 was $4.81. I also had $15.50 in rolled coins. I haven't checked the other two accounts but they are generally pennies. I'll do that later. Anyway, altogether that made the deposit to the Emergency Fund $21.01. We've already hit six month's expenses, so now I am working on hitting one year's expenses, but slowly. I've other things to save for.
$20,264.50 Starting Balance
$20,285.51 New Balance
They haven't dropped this paycheck's contribution into the retirement account yet, but last payday's finally showed up. With all the OT DH's contribution was around $1450, but it has gone up by $2639.45 since last I updated, so finally starting to make some gains. The 401K is only down by 5.08% for the year, instead of 11%, so that's something. Not sure on the IRA, but it hasn't moved much if at all in the past two weeks. It's still down by around $700 from it's high. So the new retirement total is $75,104.61.
That means NW is up by a total of $2660.46 between the EF and Retirement. The new net worth is $133,303.40. It's nice to see some real progress again.
I'm not going to add it in to Net Worth, but just for fun I checked to see the value of our vehicles again. I had checked at the start of January to see if it changed our net worth and it was steady. Well, when I checked it yesterday, the value of our van (54,000 miles) has gone up $2000 and our truck has gone up $500 (288,000 miles). Toyotas are of greater value due to even higher demand than at the start of the year. At least in my area. I wouldn't have even looked, but we were checking prices on used Camry's for when my son has enough money saved, just to know a ballpark to save for, so since I was on there anyway I took a look and was quite pleased.
March 19th, 2022 at 01:39 am
We recieved our safe driver's refund from our insurance company. It was $42.85, which is about double normal, but maybe it is because we have 3 drivers with no accidents in a year. I also had $5.12 left after paying all the bills, funding all the envelopes, and funding the medical fund.
$20,216.53 Starting Balance
+__,_47.97 Amount Added
$20,264.50 New Balance
The deposit out of this week's paycheck has not yet been made to the 401K, but it is still on it's way to recovery. The IRA is just barely starting to recover and it needs to make up about $800 more before it is back to where it was, but at least it is above $13K again. It's the first time in a while I haven't felt sick looking at the accounts. I guess as the Ferengis say, "War is good for business." I really hate that, but I'll take the recovery and pray for the innocents. I wish that today's deposit had made it in, though. With the amount of overtime on there the deposit would have been well over $1000. Probably won't show up until Monday or Tuesday now. Usually it shows up on Friday unless there was a banker's holiday during the week.
Anyway, here's the amounts
$72,456.16 New Balance
_71,759.98 Old Balance
$__,705.18 Amount of Change
That brings new worth up by $753.15 to $130,642.94, so finally cracked $130K.
March 2nd, 2022 at 01:22 am
Now, after that long-winded post, this one shall be short and sweet. My saving accounts earned $4.32 in interest, so I will add that to the EF, bringing the Emergency Fund to $20,216.53 and Net Worth to $129,889.79. I decided to dump the interest into the EF because it is easier than anything else, and I do want it to eventually grow to a year's expenses, which I will be rounding to $40,500. Long, long, long term goal is a year's income. But that is not the priority right now.
February 5th, 2022 at 11:27 pm
We finally hit our six month's expenses with yesterday's deposit into the emergency fund. I really felt like we would never get there. It takes a huge load off my shoulders. I will probably slowly work on rounding it up to $21,000, just because I like round numbers, but for now, we have done it and I am so happy.
$20,212.21 Starting Balance
+__,310.49 Amount Added
$20,522.70 New balance
This brings our net worth up to $129,069.98.
Future EF goals, after we save for some other things, will be $42,000. But we've got a lot of other stuff to prepare for otherwise, like finishing the garden. One thing I want to do is slowly bump up retirement savings. We are currently contributing 16% of income to the 401K, and I am decideing whether we want to continue to slowly bump that up, or just save some money up and open a spousal Roth IRA for me. We've talked about it before, but were never in a place to do so.
I guess we will figure it out as we go. For now, it feels fantastic to have the second huge goal in our lives accomplished. The first one was paying off debt. Hitting milestones I never thought I'd hit when I started is amazing.
February 2nd, 2022 at 07:12 am
Interest hit today and it was $4.59 at the online bank, and .07 at CU#2. CU#1 only pays out quarterly. So a total of $4.66 in interest, so that goes to the Emergency Fund, bringing the new total there to $20,212.21. That leaves $310.49 to go to hit 6 month's expenses.
Retirement is starting to creep up again to where it was, but is still $342.72 short of that, putting it at $70,634.30.
That means the NW has gone up by $4.66, but down by $342.72, so the new net worth is $128,759.49. Still nothing to sneeze at, but still depressing to see it going down and eating any money you put in every payday. I know I am getting more stock, but I want more stock and good prices.
Let's hope that fire at that fertilizer plant in North Carolina does not make the markets implode in the morning. I feel really bad for those that lost loved ones and probably their primary bread winner. Plus, losing a fertilizer plant when there is already a fertilizer shortage, is going to mess with the farmer's and the food supply, which is already pretty screwed in many places.
If you're growing a garden this spring for your own family's food, go get your fertilizer now, because once the chemical stuff goes, they'll be swooping in for all the organic fertilizers like bone meal, blood meal, and fish emulsion and you won't be able to get it. And no one wants to go haul rotted horse manure from the local stables, even if it is free. Not that we won't.
January 22nd, 2022 at 02:46 am
$19,679.09 Starting Balance
+__,528.46 Amount Added
$20,207.55 New Balance
That means I have $314.25 left to go to hit my goal of six month's of expenses or $20,522.70. It is so close! I am budgeted to hit that on next payday, so that is exciting. Then I can start saving up for other things. I will probably continue to put a little into the Emergency Fund after that, maybe $100 per month (or maybe per payday) until I eventually, over the long haul, have one year's worth of expenses saved, but for the most part that will be a background thing, not a strive hard for thing.
With this networth has gone up to $129,097.55, although not really because retirement sucks this week. I won't be doing a retirement update until it gets out of freefall. I so miss 2019, 2018, and 2017. This pandemic needs to have it's butt kicked out the door. Every time Biden opens his mouth the stock market tumbles. I'm so done with this president. I gave him time, but nope, I'm done. With food and gas prices off the chart, with what he has done to the oil industry, and with food shortages everywhere, anger is rising in the people here in my blue state. And with his favorability rating at 31% and dropping, I am definitely not the only one who is done with him.
January 7th, 2022 at 11:13 pm
Today I was able to make a decent deposit to the Emergency Fund, since there was some overtime on DH's paycheck. Plus we are at the new rate. We also recieved his Louisianna Pacific dividend check of 58 cents, so that went in there, too. You laugh, but at the end of the first quarter that check was only 42 cents. I also had $17.50 in the coin jar. So with what came from payday which was 349.29, I had $363.37 to put into the EF this week.
$19,316.62 Starting Balance
+__,363.37 Amount Added
$19,679.99 New Balance
This means I have $842.71 left to go to reach my goal of six month's of expenses, or $20,522.70. If all goes according to budget and nothing big comes up, we should reach that goal by the February 4th paycheck. If the furnace breaks ago, then obviously not.
This increases Net Worth to $128,569.09.
They haven't made the payment to the 401K yet, so I don't know what that is going to be. I can't even estimate it because this is the first paycheck with the new amount, plus it had some extra hours on it. It might be there by closing hours today, but probably won't be there until Monday. Plus I don't know if I got the increase to 16% in on time or not, so could still be 15% for this paycheck.
True Date: 1/7/22
True Time: 3:13 p.m.
January 4th, 2022 at 11:11 pm
I forgot to add the interest income from my three accounts to the EF.
$4.45 C1-360 Savings monthly interest
00.86 CU #1 Savings quarterly interest
00.79 CU #2 Savings monthly interest
$6.10 Total interest
$19,310.52 Starting EF
$128,199.61 Starting Amount
+______6.10 Amount Added
$128,205.71 Total Net Worth
I did recalculate the value of our vehicles and the amounts did not change. I guess because the value of used cars is so high right now and having a Sienna and a Tacoma, which are in high demand, means we lost nothing to depreciation. I knew used prices were good, just not that good.
December 23rd, 2021 at 11:09 pm
$19,212.52 Starting Balance
+__,_98.00 Amount Added
$19,310.52 New Balance
Retirement finally cracked $70K and now sits at $70,358.13, a rise of $745.72, which is just a little more than today's contribution. We are up to an 11.2% rate of return for the year. It had dipped down to 9%. It's not like last year's, which if I remember right was 14%, but anything over 10% I consider good. The company has not contributed the part of the Christmas bonus that is supposed to go into the 401K yet. I was hoping they would have since they deposited the Christmas bonus on the 17th.
That means that net worth went up.
$126,736.00 Starting Balance
+___,843.72 Amount Added
$127,579.72 New Balance
December 12th, 2021 at 05:23 am
$18,982.22 Starting Balance
+__,230.30 Amount Added
$19,212.52 New Total
$1310.18 to go to hit my main goal of six month's of expenses, which is $20,522.70. After that we will start working on doubling that. I had really hoped to hit six month's of expenses this year, and we still might if the Christmas bonus is big enough. I know we built it a lot this year, because we ended 2020 at $9,465.32. We've more than doubled it this year at $9,747.20 contributed. So it's good, it's really good, but I wanted that goal, you know? If we get close enough, I may dip some money out of the propane grill envelope to meet that, since we never did buy it and I can make that up before grilling season. We'll see.
As for retirement, we are finally making headway on paper, though we lost a lot of money. We gained a lot of stock, so it'll all even out eventually. But we are up by about $75 more than our Friday contribution. The new balance on the retirement account is:
That is up $814.07. My hope to hit $70K by the end of the year is possible, but improbable given the volatility. If it was static and just added next payday's contribution we would do it, but not if it goes down and down and down like it has been doing and then slowly climbing back up. C'est la vie. Que será, será. Etc.
So that means net worth is up $1, 044.37 to $126,736.23. Which means $23,263.77 to my next big net worth goal of $150,000.
So we are trucking along. All in all, I shouldn't complain, but it is human nature to do so. I just want to be there already. But we really have come a long way this year so far. Can't believe it is almost over.
December 5th, 2021 at 12:17 am
$18,977.92 Beginning Balance
+_____4.30 Interest Income
$18,982.22 New Balance
That brings net worth to $125,691.86. But not really because retirement is in freefall right now due to all the bad news coming out of this administration the past couple of weeks with the economy and the new Covid variant and possible lockdowns again, but I'm not going to deal with updating that until year's end because it might still recover. I hope next year is better and they can get the economy back on track. I am no fan of Biden, never have been, but I never want a president to fail because it means the country fails. And it wrecks the stock market. I think we've lost about $2000 in the last four weeks and that is with putting in just over $1500 in that time period.
I have to recalculate at year's end anyway, because I'm not sure what the vehicle values will be at that point. The truck has been holding steady for the last couple of years. The van seems to be going up in value, which is weird, but maybe it is because used Siennas with very low mileage are of such value right now.
November 30th, 2021 at 02:29 am
I added $23.69 to my EF today, bringing the grand total in there to $18,977.69 and bringing my net worth to $125,687.56. Inch by inch we are getting there.
I am not doing a retirement fund update as they still haven't put the deposit in from Friday's paycheck. It always gets messed up when there is a holiday and it takes a few extra days to show. But judging on how much the accounts fell in the last two weeks, there won't be an increase and I won't even break even, so I won't bother updating that until maybe next payday or possibly even year's end. I will definitely do one for year's end, though.
November 13th, 2021 at 10:45 pm
I forgot on the last post that I had $12.50 in rolled coin that I added to the Emergency Fund, bringing it to $18,957.17, which means my net worth is actually now at $125,663.87. Hey, every little bit counts.
October 30th, 2021 at 10:47 pm
$16,803.15 Starting Balance
+_2,138.52 Amount Added
$18,941.67 New Balance
The money came from the gift that MIL gave us, plus $12.50 from the coin jar.
At the beginning of the year my EF sat at $9,456.32, so we have done a few dollars more than double that in ten months, adding a total of $9477.35 to the balance.
That leaves us $1,581.03 to go to hit our first big goal of $20,522.70, or six month's worth of expenses. Of course I would like to then hit 6 month's of income also and eventually one year. Having been through a ten month job loss back in 2015/16 that we have still not recovered from, and with Biden shutting down oil jobs left and right, I would just feel a lot better with a year in the EF. Plus who knows what will happen as Covid continues to mutate. We will save hard next year.
I don't see us being able to put much if anything else in for the rest of 2021. I will be saving $2000 into the Medical Fund by year's end, but then should be able to start hitting the EF again in January. So I think my goal is to get the EF to 6 month's expenses by the end of March/beginning of April. I try not to resent our medical expenses as they put us so much further behind in life than we'd be otherwise, but that is life and so we just deal and deal and deal with that.
Once the EF is there, we will raise retirement to 17% from 15%, save for our next beef, and when we have that set aside, work on changing six month's expenses to six month's income. Then maybe by the time 2024 gets here we can be maxing out the 401K, maxing out the IRA, and saving up for a long vacation on the shore.
Also, there was $158 left in the grocery envelope, so I transferred that to the Hog/Chicken Fund, and it now sits at $1346.00. The Freezer guy comes back on Thursday to replace the freezer door and put in a new motor. Hopefully that will solve all the issues, we will have a functioning freezer, and we can give the hog lady the go ahead and finally get one in the freezer.
September 18th, 2021 at 12:23 am
$16,756.69 Starting Balance
+__,_35.88 Allstate Safe Driver Check
+__,_10.00 Coin Jar
+__,___.58 Louisianna Pacific Dividend Check
$16,803.15 New Balance
Net Worth rises to 117,768.33
I'm not sure when I'll be able to add more to the EF. Maybe January. I'm more worried about adding to the medical fund currently.
September 9th, 2021 at 03:25 am
I didn't put anything in the EF this payday, but last payday I had $49.93 left to go in, plus I had $3.38 in interest bringing the EF to $16,765.69.
They still haven't put this week's contribution in to the retirement account, which is very annoying. I know there was a holiday on Monday, but it usually goes in on Friday and now it is Wednesday and nothing. So I'm just going to list it anyway, since it rose quite a bit from my last retirement update. It is now $63,053.23, a rise of $1878.19 since 8/7. And that was with a near $1500 drop in the middle with that Afghanistan news of leaving American behind along with all our equipment. Fortunatley it recovered all of that and then a bit more. Around $1580 of that was our contributions. If they ever drop our contribution in this week, I'll update again.
This brings our net worth to $117,721.87, a rise of $1931.95 since I last updated it, also on 8/7.
August 7th, 2021 at 11:19 am
$16,623.91 Starting EF Balance
+__,_87.92 Amount Added
With the contributions that went in today, retirement now sits at $61,175.04, bringing net worth to $115,807.92.
I had $200 left in the grocery envelope from last payday, so I transferred that to the Hog Fund, bringing it to a total of $977. Of course, we are still trying to find someone who does warranty work on the 9 month old Frigidaire freezer that isn't working right. The Hog Fund may become a new freezer fund or a freezer repair fund, because there at least seem to be people who do non-warranty repair, as opposed to warranty repair, but it might be too expensive to be worth it and cheaper to buy a new one.
If this last guy does not call us back on Monday or doesn't do the work, I'm thinking of going to D&B and pleading our case. We have bought a dishwasher, a fridge, a chest freezer, a small upright freezer, a mini-chest freezer, a washer, two dryers, a microwave, and at least one bed from them over the past 26 years. I think a couple of more items, but I don't remember for sure. We couldn't buy an upright freezer from them this time, because they didn't have any at the time we bought. We did go there first. If they had, we would have stuck with them. But we are long time customers, so can't they please make an exception in this case? It might work. They only quit doing outside warranty work a couple of months ago. I mean, it's worth a shot. It has always been important to me to support local family businesses and I have as much as I could.
August 5th, 2021 at 04:49 am
Retirement went over $60K this week, so I thought I'd do an update, even though the next contributions go in on Friday and it should jump significantly if nothing wrecks the market this week. I was a touch concerned about the president defying the Supreme Court and if people start worrying about another step towards a loss of the checks and balances of our government, but it didn't seem to. We have Congress and the Supreme Court for a reason. I don't like end runs by any president, which is what executive orders are, and a huge step towards authoritarianism. It riles my nature as an Independent. Most people won't pay attention to that sort of thing until they wake up in a country that no longer resembles a democratic republic. But anyway, $60K! It's another mini-goal on my way to my next big one.
I have to get excited at the one place in life where I feel like I am making progress this year. So retirement is now at $60,370.41, a rise of $1,172.71 since my last check in.
I added the interest for last month to the EF, a whopping $3.85. Anyone else remember when savings accounts paid 7% interest. I wish we had that now. It'd be nice to actually earn a real amount on my EF and sinking funds.
$16,620.06 Starting Balance
+__,__3.85 Interest Added
$16,623.91 New Balance
So net worth goes up by $1176.56, bringing it to $115,003.29. So I guess that interest was worth something. It tipped me over $115K.
July 19th, 2021 at 09:13 pm
$16,459.87 Starting Balance
+__,160.19 Amount Added
$16,620.06 New Balance
This brings net worth to $113,827.73.
July 3rd, 2021 at 10:47 pm
$16,455.44 Starting Balance
+_____4.43 Interest Added
$16,459.87 New Balance
That pops net worth up to $112,480.56.
June 26th, 2021 at 12:37 am
I made a deposit into the EF, which is a bunch of little things. I realized that I hadn't added the interest for May which was $3.67 and .07. I had $18 in rolled coin and then the amount from the paycheck was $162.42 (well, I added .50 that didn't come out of the paycheck, so a touch less). That equalled out to $184.16 for the deposit
$16,271.28 Starting Balance
+__,184.16 Amount Added
$16,455.44 New Balance
I had $105.00 left in the grocery envelope so I added that to the Hog Fund.
$647.00 Beginning Balance
+105.00 Amount Added
$750.00 New Balance
So I am a quarter of the way there even without the leftover cut and wrap money for the beef, whatever that turns out to be. I have until October to save $250 more, which should be done easily considering I won't have to shop for beef anymore for a long, long time.
May 28th, 2021 at 11:32 pm
$16,125.22 Starting Balance
+__,146.06 Amount Added
$16,271.28 New Balance
I had $60 left in the grocery envelope so I transferred that to the meat fund. $31 topped off the beef fund portion and now I am saving for half a hog, so there is $29 towards that. Total money in the meat fund is $3667.
May 14th, 2021 at 05:43 pm
$15,880.55 Starting Balance
+__,244.67 Amount Added
$16,125.22 New Balance
That means I have $6,107.64 left to save to hit 6 months of expenses, which is my next goal. That will put the EF at $22,232.86. I'd like to make that by year's end, but I think it is going to be closer to February unless DH gets quite a bit of overtime or a really good Christmas bonus.
Ultimately, though, I have a goal of 6 month's take home pay, not just 6 month's expenses. That would be a little over $36,000, which is an additional $13,767.14. That's likely take an additional 18 months, so around 2 years and 2 months from now I should hit that, barring OT or raises. Raises are unlikely as they have a wage freeze going on at DH's work. He hasn't gotten one in over 2 years. Normally this is a place that gives yearly merit raises, but Covid hit hard. It could be another year before they unfreeze wages. They have started to rehire some of the people that were laid off, so that is promising.
I am $31 short of the highest estimate on the beef costs, based on a 750 to 850 pound hanging weight. With the $2000 I had set aside previously added to the money I've been scrimping out of the grocery budget I am almost there. I need $3638 total and after the $179 I saved out of the last grocery envelope, I am at $3607. And from my experience, farmer's always estimate high, but the hanging weight actually tends to be lower. So it is more likely it will be closer to 750 pounds than 850 pounds. I've also reserved my beef. I am getting a whole with a butcher date of either late July or early August (he's got two dates for two different sets of steers).
May 1st, 2021 at 01:15 am
I was finally able to make a substantial deposit into the Emergency Fund this week. This is a 3 paycheck month so I had some extra money that wasn't allocated for anything else. This tips our net worth over the $100K mark to $100,182.21, so a big milestone goal met there.
$15,374.23 Beginning Balance
+__,506.32 Amount Added
$15,880.55 New Balance
I also had a lot left in the grocery envelope when I re-funded it today, so I transferred that into the Meat Fund. We are getting closer and closer to being able to pay for a full beef for the freezer by summer's end. I've been working on eating down the chest freezer so we will have room, which means I haven't bought too much in the way of groceries. It was definitely why I was able to save over half of the two week grocery budget this last time.
$1224.00 Starting Balance
+_204.00 Leftover Grocery Money
$1428.00 New Balance
April 17th, 2021 at 01:58 am
I rolled my coins and was able to deposit $10.50 into the Emegency Fund. It's not a lot and it is most likely all we are going to be putting in this month, what with all the outlay for building the new garden. I should be able to start making more regular deposits into the EF starting in May.
$15,363.73 Previous Balance
+__,_10.50 Rolled Coin
$15,374.23 New Balance
As for the Beef Fund, there was $63 left in the grocery envelope when I re-funded it today, so that was transferred to the Beef Fund envelope.
$1161.00 Previous Balance
+__63.00 Amount Added
$1224.00 New Balance
I do have an extra $1000 set aside just in case I don't meet my Beef Fund goal in time to buy a full steer by the end of the summer, but I really want to try to meet it by doing what I am doing so that maybe that can be allocated elsewhere.
April 2nd, 2021 at 08:03 am
MIL took her 401K disbursement for the year. She gave us $3000 for medical (paying for the surgery daughter had) and $5000 as a gift. I put $2K into the EF. My goal for the year is to get to $22,121.86. I have $6869.13 to go to hit that and 9 months to do it in. That will put us at 6 month's expenses. I still would like to get to six month's income, but that is a goal for 2022 and 2023.
$13,363.73 Beginning Balance
+_2,000.00 Amount Added
$15,363.73 New Balance