Tuesday, October 10, 2017

Mortgage Updates

Welcome to Tuesday! Monday actually went by so quickly and that actually was nice.  I know I often complain about time flying, but a Monday going by quickly was pleasant. 

On to the important things! As I have previously blogged I have been making extra principal payments on the mortgage this year.  Finally, as of the end of September/beginning of October, I have paid more in principal payments than in interest payments! The numbers are as follows:
  
 Principal $5,549.78
Interest $5,425.01

Yay!! It sucks that so much has gone towards interest, but I keep thinking of all of the interest I am saving by paying extra on the principal. I have to keep this post short as a I have to get on the road (the travel never ends!).  Have a wonderful day!

Monday, October 9, 2017

It's Monday...again

Weekends fly by so quickly compared to the work week and it's now Monday...again.  I have been feeling a little under the weather the last several days, but I wanted to work on clearing some clutter from the house.  I forced myself to work on filing some paperwork in the office in order to clear the overflowing filing bin.  I now have a huge box of papers to shred.  I will save those for my mother since she likes to have tasks to do when she spends time at my house (she will be here next week).  I  cleaned off the desk and threw away a bunch of clutter obscuring the work space.  I managed to find a cabinet for about $80 at home depot that worked for the office.  It's almost 6 feet tall and I was able to clear a couple of boxes of office supplies that were sitting on the ground.  It's nice and organized now.  I just need to get rid of an armchair that is way too big for the small room.  Also, I need to purchase a bookshelf so I can unload a couple of boxes of books that are still in the closet from when I moved into the house. Maybe I can also get my Mother to work on organizing that closet when she comes next week!

After I get the office together, I plan to work on the guest room. Then I need to work on my room It never ends and everything always costs money!

Last week was a hard week for me.  I turn towards organizing, decluttering and cleaning when I am feeling down.  Being busy distracts me from the sad feelings.  I won't go into it on the blog, but I was trying to end a long term toxic relationship without hurting feelings. Well, I did the exact opposite (so much for tact).  So now there are hurt feelings and I feel guilty. Now I feel compelled to try and soothe the bad feelings without getting back into the toxic relationship (guilt complex much?).  Humans are complicated beings. 

Anyways, on to some financial good news!  Last year I earned a total of about $52 in interest on my savings account.  This year as of the end of September I have already earned $57!  I should earn approximately $80 in interest this year!! Now that is some motivation to go to work and earn money so that compounding interest can do its thing! Happy Monday!

Thursday, October 5, 2017

Time is Not on My Side

I don't know how time keeps slipping by me.  It's October already.  I only put up one post in September. This has been one heck of a year and it seems to be going by so fast.  Maybe even faster than years past.  Maybe it's because I am older? Anyways on to updates. 

I'm sure everyone has heard about the mass shooting in Las Vegas, again I am late to the discussion.  How disheartening to hear these stories.  The only light in these repeated stories is the kindness of strangers helping strangers.

Financially things are going okay.  I have been overspending a lot lately and I can't seem to stop that.  It's definitely been a theme this year.  I have not been able to figure out why I am overspending so much this year.  However, I have been making progress on my goals so I will take that over nothing at all. 


I had some goals for September- those did not go well!
1. Finish out my retirement contributions for the year- just $1,305 more to go- DID NOT COMPLETE.  I have $797 left to contribute to retirement for the year. The remainder of the cash I had budgeted went to hurricane supplies.  Sigh! However, I am pleased to be more prepared for the next one.

2. Read a book- any book, maybe 2- DID NOT COMPLETE.  I did read, a lot, I just haven't finished anything.  Someone, please help me finish another book this year.

3. Exercise every week- 3 times a week PASS!! I did manage to exercise every week- at least 3 times a week!!

4. Review my budget, long term goals and short term goals. NOPE- didn't even crack a pad of paper or pen  (or computer or spreadsheet) to analyze these issues.

Now on to  October goals.
1. Finish out retirement contributions for the year
2. Work on decor for bedroom (finally after 4+ years)
3. Exercise every week for 3 times a week.
4. Add money to Emergency Fund
5. Blog more than once a month!
6. Purge possessions
7. Review budget, long term goals and short term goals. 

Monday, September 18, 2017

Hurricane Irma

Hey Everyone it's been a very busy couple of weeks!  We were so blessed and got through Hurricane Irma with little to no damage (some branches down in the backyard, power out for about 12 hours and some small branches down in the front yard).  I hope everyone else fared as well as we did.

I did spent quite a bit of money preparing for Hurricane Irma- including an $800 generator.  For the last Hurricane we were without electricity for about 2 days and Irma was expected to be much worse.  I was not interested in being without utilities for about 4 to 5 days so I went ahead and got a small generator to help us through the storm.  I also bought several jugs and bottles of water, batteries, flashlights, non-perishables, battery powered cell phone charges, etc.   I have not added it all up yet, but I'm certain I spent over $1,000 in preparation for the storm.  This will likely cause me not to finish my retirement contributions this month as originally predicted, but I'm okay with that because I feel much more prepared for a storm.

Our office was closed for Monday, Tuesday and Wednesday last week so that the roads could be cleared, the server could be put back together (it was taken down for the storm) and utilities could be restored across the city.  It was very nice to only have to work 2 days last week and Friday was payday!

Anyways, I need to pay off my credit card, make arrangements for my eye appointment next month and re-figure my budget so I can be sure to get my retirement contributions completed for the year.  Have a great Monday.

Thursday, August 31, 2017

It's Almost Labor Day & Goals

Today is the last day of August, boy time does fly when you get older.  It seemed like it was just the beginning of the year and now we are almost in the last quarter. I feel the need to get motivated and get started on some goals.

I have some goals for September:
1. Finish out my retirement contributions for the year- just $1,305 more to go
2. Read a book- any book, maybe 2
3. Exercise every week- 3 times a week
4. Review my budget, long term goals and short term goals.

As for labor day, I plan to spend the weekend with family.  Nothing special, maybe some bbq, walks and naps.  Anyone else doing anything fun or exciting?

As for the money front there is nothing exciting going on- had a dentist appointment earlier this week and that will cost be about $42 out of pocket after insurance and a credit I had on my account.  I should have just enough in my medical sinking fund to cover this expense once I get the bill.  I'm kind of excited to see how big I can grow my medical expense sinking fund. 

Also, I am putting an extra $290 on my mortgage payment this month.  I'm excited because, hopefully, by the end of next year I will have my mortgage paid down low enough to drop the PMI payment.  That will be an extra $115 that will go towards principal!

On the downside, the property taxes are probably going up this year due to increased property values and a proposed increase in the millage rate.  Increased property taxes will result in an increased escrow payment which results in a larger mortgage payment.  Boo.  I might just make an additional escrow payment at the end of the year so I can see if I can avoid a larger payment. 

As for the life front, I have new neighbors that have barking dogs.  They usually start barking at about 5:45 a.m. After work they start barking from about 6:30 until about 7:30 or 8:00. 

Lastly, I would like to do something to help the victims of hurricane Harvey.  I haven't decided whether to just donate to the redcross or do something else.  What kind of assistance are you providing?  Any suggestions?

Sunday, August 20, 2017

Net Worth

Here's where the numbers stand.

Savings-
 $10,905 Emergency Fund
 $9,038 Online Savings Account/$3,747 of that amount is for my Car Replacement Fund
  $17,639 Retirement- Roth IRA
$695 Taxable Brokerage (Retirement)


$311 Travel Fund (Work)
$357 pet fund 
$34 medical fund
$413 furniture fund
$81 Slush fund 
$280 Savings

Home-
$292,687-per zillow

                  Total (not including home): $39,753
                  Total (including home): $332,440

Liabilities-
Mortgage $212,577

             
                   Total (not including mortgage): 0
                    Total (including mortgage): -$212,577
 


                                     Total Net Worth(not including mortgage): $39,753                                             Total Net Worth(including mortgage): $119,863

Net worth, not including mortgage, increased by $3,757 from July(last net worth update)
Net worth, including mortgage, increased by $12,481 from July(last net worth update)

Things are moving in the right direction, slowly, but surely.  My net worth should be up over $125,000 but the end of the year (Hopefully). 

Wednesday, August 16, 2017

2017 Roth Maxed

 I have maxed out my 2017 Roth!  I have been tracking my contributions all year and they are as follows:

4/14/17- $1,004
5/15/17- $1000
6/15/17- $1,000
7/15/17-$1,378
8/15/17- $1,118

So now I will work on getting another $2,000 into a taxable brokerage account.  This morning I transferred $695 into my taxable account. My hope is to contribute $9,500 into retirement for the year.  I did $2,000 into my 2016 Roth, $5,500 into my 2017 Roth and hope to get $2,000 into a taxable account.

Next year, I plan to contribute $10,000 towards retirement and I plan to add $500 a year to that total each year until the number becomes completely unrealistic. I'll keep my fingers crossed that I am saving enough fast enough.