With D's new job, we are getting very close to paying the bank back (mortgage is right at $5k!!) and paying ourselves back (sometimes WE are the bank).
Paying the Bank Back...
Mortgage is at $5058.07. I had a weird moment where I couldn't understand why the payoff amount on the website was less than what we owe, and then I realized that it's the escrow they've collected. They have about $600 in escrow and when we make our August payment it'll be $900. But we will need to save $300 each month from August through November for the next property tax payment.
Paying ourselves back:
Our estimated tax payment is $2119 every quarter. We are a little behind and still owe ourselves $2033. Next payment is due in September.
Paying ourselves back:
We need to repay our emergency savings $1280.
We will need an extra $2400 this year to fully fund our Roth IRAs. I think we'll be able to do this with D's new job.
We need a dog fence, but I haven't gotten prices yet.
This is all very intimidating, but we just have to keep plugging away. And now I am off to make a frugal dinner!
With D's new job, we are getting very close to paying the bank back (mortgage is right at $5k!!) and paying ourselves back (sometimes WE are the bank).
I bought too many groceries. We will eat it all, so I'm not worried about it, but sometimes I just buy more than my meal plan calls for. We do have to have food for lunches, etc. I also bought pasta which will last us a long time; we have pasta once a week.
Here is the meal plan:
last night - Bad Breath pasta
tonight - Pad Thai with shrimp
M - tostadas
T - lemon-crumbed fish with broccoli and potatoes
W - Music on the Hill (we will stop and each get a premade salad at Trader Joe's (that's our night out)
T - pasta carbonara with asparagus
F - food at Folk Art Market
We got two FREE tickets to each event at Folk Art Market as a thank you for my volunteer work. The opening night party is an amazing event (I've worked it before, but never attended). There's a lot of food, so we'll eat for free. We have to wait until F's basketball practice is over, then we'll bring her to her friend's house which is right near the party. Then pick her up at 9 or so. We never go out, so this is exciting.
F and I will go to the Early Bird Market the next morning. Early bird opens and 7:30 am, and we're going to try to get there when it opens; that way it will be less crowded and still cool.
I am giving her $20 and she can buy something if she wants or keep the $20 for later. I, on the other hand, don't want to buy anything at all! I am contemplating a garage sale... need to talk to my neighbor to see if she wants to join in...
Got an amazing coupon for our annual Shutterfly album... it expires tomorrow...
Actually two coupons...
1. UNLIMITED - you get unlimited extra pages in your album for free
2. SAVEFORTY - 40% off
So we got a 111-page photo album for about $40. I have $156 in the Shutterfly category, so I can take some to pay down the mortgage.
We had a lot of photos in 2016... apparently we got a lot done last year... soccer camp for F, meeting her hero Meghan Klingenberg, trip to CA to see my parents, our nephew coming to stay for over a month, Thanksgiving and the big trip to England and Croatia.
Anyway, I thought I'd mention the deal in case anyone is interested, has a project finished but you haven't ordered yet, etc...
Here's a photo of Rovinj, Croatia...
Lots of freebies lately, which is good because we are really pushing to get to the end of our mortgage.
- Chocolate bars - my mother knows I like Chocolove 77, so she always has a bar for me when I visit. But I think she doesn't understand that it takes our family a week to eat an entire bar. She thought that I could site down and eat one by myself in a day, so she got me 4 bars! We took the other three home and are working on one of them this week.
- Dental floss - My mother also gave me four packets of floss; she gets them from the dentist, and it's not the type she uses.
- July 4th - We paid $5 to go to Tent Rocks (it's a per-car fee); if you come to NM, you have to go there. It's a really magical place (see F walking through the slot canyon portion in the photo I'm attaching). There are also hoodoos and a beautiful view from the top. We also went to the pool and then to my neighbor's house to watch fireworks from her roof.
- Long Walk - We walked downtown and back (total of 5.9 miles) today. It was a great time to hang out and talk.
- Virgin Pulse - D's new job allows us to track our fitness on Virgin Pulse and make money for our FSA while doing it! I made $105 in June for the FSA and working hard on this quarter.
We are back from our trip to California! It was GREAT and it was also NOT GREAT. But mostly GREAT.
The not great:
- My mother has a lot of trouble relating to my daughter now that she's kind of teenager-y. She's a really good teenager - straight A's, funny, kind. But she does the eyeroll and sometimes she gets bored with adult stuff and answers in monosyllables. She's also a little bit critical (particularly of things like nutrition and my parents' refrigerator is full of processed food). My mother was angry that F wouldn't eat the peanut butter, but F read the label and wanted to know why it had like 15 ingredients. So my mom had a confrontation with her. Or an intervention. Something like that. We almost left, but we worked it out.
- We took the train home and it was 6 hours late! The trip was only supposed to be 18 hours, but it took 24.
We stopped at my parents' for a few days and then headed up the coast to San Luis Obispo, where I went to undergraduate.
Day 1 - ate picnic lunch on the beach in Santa Barbara (about half way there), went to see Cal Poly including the swine unit because F loves pigs, dinner at a place called Oki Momo which we all loved (good fresh food with lots of veggies)
Day 2 - Hearst Castle (upstairs tour - I've done the regular tour and this was way more fun - lots of steps!), then a few miles further up the coast to see the sea lions lying around (they are huge!) then back the other way to Morro Bay where we had lunch with my old college roommate. We had about an hour to relax before heading to Oceano for the Melodrama. F loved it and declared it the best part of the trip.
Day 3 - hike up Bishop's Peak, picnic lunch in a park, to Avila beach (where we built a sandcastle) and then to the Avila barns where we bought some fruit and petted the animals (for $1 you can buy a bag of lettuce to feed them). Dinner at Farmer's Market (the McClintock's BBQ truck was the best deal). Then an ice cream and we headed back to LA.
Back to my parents... where we had the NOT-great argument. (For the record, my mom didn't like me as a teenager either, and I was also a really good teenager - I didn't even try alcohol until I was 18, I didn't date or go out and party - I gave them very little to worry about; I was a know-it-all, eyerolling, snot, though).
But we also got to hang out with my dad in the pool, and we went to mini-golf with my brother, went to the aquarium after dropping him off at the airport, and we hiked to the top of Inspiration Point in Will Rogers State Park (twice). And we walked and walked and walked, which all three of us love.
And now very glad to be home.
We did spend more than I would have liked, but here is how we saved money on the trip:
- Stayed at my parents for most of it; free, and we were able to cook which freed up money to go out some nights
- Drove out (and D drove back because he had to be back at work)
- My parents don't want to travel to visit us, so they helped by buying the train ticket back for me and F
- Lots of picnics so we didn't eat out all the time
- Lots of hiking which is free!
- No souvenirs unless you count the olallibery jam we bought (but I put that in the food budget!)
- Mini golf was my brother's gift to F for her birthday
- The beach is free, too! We made a cool sandcastle
I have started and abandoned and restarted this post several times... I kind of know what I want to say, but I'm afraid I will offend someone or sound like a whiny jerk.
Here goes anyway...
The situation before: D and I made almost exactly the same amount of money. I did most of the housework, but not all. My job was more flexible, but since his job was right in town, I could call on him to pick F up sometimes if I had a meeting. He worked from 9 to 5 with lunch (a little less than 8 hours) and I worked from 8 to 3 with another hour or two at home while F did her homework (so 8 hours also plus or minus). I drove her to school, picked her up, took her to practices.
Now: D is making A LOT more money. I am doing all of the housework because his commute adds about 20 or 25 mins. to either end of his day. My job is a lot more flexible, since he's in a nearby town. He works from 8 to 5 with an hour lunch (8 hours still) and my hours won't change.
Writing this, the primary things that have changed are that I now do all of the housework, and I don't have a support system built in if I have a meeting. Also it's slightly weird going from co-earner to my salary being much less than his.
Here are my thoughts:
- I am super grateful for the extra money!!
- I have lots of friends I can call on if I have a meeting scheduled for pick up time (and that's pretty rare; I can usually control that)
- I think that I'm feeling like my job is now discounted because it's more flexible (I can drive on a field trip, for example) and I now make a lot less; but we need my income (his current income alone is still less than what we made together, so I have to work)
- I was a little resentful about having both a full time job and doing 95% of the housework (another full time job! I work until everyone is in bed, essentially). But...
- I have worked that out in my head - I would much rather "pay" in housework to be the parent with the flexible job and be able to be with F as much as possible.
- D is terrible at housework - it takes him forever and he hates it.
D started his job last week and it took me until this morning to work this out. D has a commute and a boss and a "real" job (which is good for him... he liked coworkers and someone who is ultimately responsible) whereas I stay here in town, am my own boss and have a lot more control over my job (better for my personality type). And I get more time with F. And I pay for this privilege in housework.
I know some of you may suggest we get a cleaner, but the cleaning is really minor for me... it's the daily grind of breakfast dishes, putting dishes away, keeping dog hair off the floor, tidying up, getting lunches made, doing lunch containers/dishes, making dinner, doing the dinner dishes, getting the kitchen cleaned, making sure things are repaired when they need to be, buying groceries and putting them away.
I am curious if there are any other people in my position - I have stay-at-home friends I can talk to, but it's a little different because they don't have the added stress on their time of a job. And this is the part where I feel super whiny because this is such a first world problem; we have everything we need and now MORE money.
OK - need to go brush the dog and then go to a meeting (with F - it's summer - take-your-daughter-to-work season... see? flexible!).
PS - I definitely think this is a financial post. These are the kinds of things affecting working families, right?
Not sure why our grocery bill was so big this week! I didn't buy much last week, so that's part of it, but still.
Other anomaly this week was that we had friends over this evening... so I bought things I wouldn't normally buy like sparking lemonade, an artichoke dip, sour cream for dip, etc. How much do you usually budget for get-togethers like this? According to receipts I spent about $28 and D got beer and wine last night which was $14.
Also - I'm making chicken queso casserole this week which will feed us for a couple of days.
And it's memorial day so I wanted to bbq something - I bought chicken and veggies to do kebabs.
We buy a lot of veggies and fruit; do you follow the 5 a day plan?
I think we are more than 5 a day.
Looking at the receipt, I also had to stock up on a couple of staples: res wine vinegar ($2), almond butter for D ($7!) and vanilla (also $7 but lasts 6 months).
A lot of this will take us into next week, so that's good, and there was leftover food from the party.
The rest of the meal plan:
Sunday - pasta with peas and turkey bacon
Monday - bbq chicken/courgettes/red onion/red pepper kebabs, corn on the cob
Tuesday - bad breath pasta (spinach, olives, capers, balsamic)
Wednesday - chicken queso casserole with kale chips on the side
Thursday - tostadas with refried beans, lettuce, salsa, sour cream and roasted broccoli
Friday - graduation dinner out!
Saturday - party and we don't have to bring anything!
Hi everyone... thought I'd give a quick update on F's end of the school year trip. Well, it didn't go well. Her anxiety was triggered by two things: she scraped her leg and was in a river and freaked herself out about it getting infected (but didn't ask the teachers for polysporin) and at camp, they used a communal washbasin which she declared completely unhygienic and then freaked out that she was going to get some awful disease from it. So there you go, her anxieties in a nutshell (oh, that and a fear of unhealthy foods and habits like too much screen time; it's a health thing).
She called me hysterical, and I had to pick her up. I wanted to go, pop in, calm her down, get a nearby hotel and see if I could get her to stay. The teachers felt the same, but the person at the camp (not part of the school) said that F would be compromising the "group continuity" if I came and went, or if she came and went. (By the way, these kids have been together for 6 years, so to me that is group continuity, and plus they all know F and her anxiety. It's not a secret, and the kids are all super supportive).
Plus, she was promised an alternative to one particularly scary part of the experience (walking 30' in the air in a slot canyon by pushing on either side) and the camp person said that there wouldn't be an alternative. I was asked to take her and not return.
So, step one was to calm F down, and explain that just getting in that van and driving 3 hours was an accomplishment given her fears, and spending the night was an accomplishment. She kept saying "you're not mad at me?" and said she felt like the adults all hated her and just wanted her to go.
Step two was to give her an alternative experience and not punish her for trying this trip, but reward her. I mean, she could have refused to go at all, but she tried so hard!
I took her to a hike at this crazy volcano and ice cave, then out to lunch (if you are ever in Grants, NM, which you won't be, this place is awesome). We got a hotel, and stayed the night and went to Acoma Pueblo the next day where we met the nicest Australians on our tour, and then to the Sandia Tram in Albuquerque where we went on another hike. None of this was super cheap, but it was worth it, and the money was in the vacation fund. We are not doing a big trip this year, so this mother-daughter thing was so worth it.
Now, back home, and I am just hoping that this doesn't break her confidence.
So, step 3 is to have a better plan for the upcoming Fall trip at her new school.
- I am thinking an opt-in configuration rather than opt-out. So instead of the "pick me up!" phone call, I will plan on picking her up unless she calls to say "I can stay." That was she will know that she only has to get to a certain point.
- Even if I go pick her up at the designated time, I want to work out with the school advisor that it could be a 10 minute hello and she can stay after we talk for a few minutes. Just seeing me for a few minutes and knowing I'm not hours away may be enough for her to stay.
- Work out that there is one person, not several, who help her if she is having a panic attack.
- Talk to her advisor and the middle school head and work out all the details ahead of time.
- If she is promised an alternative, they need to stick to that promise.
- Discussion with the advisor and middle school head about anxiety and that this isn't just an overprotected kid; we may ask the psychologist she saw last year for a letter.
Honestly, I think my wonderful daughter should be praised up and down for how she manages this. She is a straight-A student and an amazing athlete. She doesn't have social anxiety or school anxiety or public speaking anxiety. No one can even tell there's an issue. She meditates and has great techniques for managing her anxiety. But this was pushing her waaaaay past her comfort zone, and she still wanted to do the trip! So kudos to her!
Packing for F's school trip next week. It's a 3-night overnight which is hard for both her and me, but packing actually helps, because this way we know she'll be prepared. It's a control thing.
She is borrowing some of my things so that we don't have to buy anything except for a new notebook to write in. We'll go to Office Depot today. We have some little partly used notebooks, but I thought that for minimal cost it will be something nice and new to have that she can pick out herself.
She is taking my wool socks, my long underwear and a pair of my shoes (we share shoes, but I think soon her foot will be bigger than mine). D's headlamp. My sleeping bag (zero degree bag!).
While she is at the camp, I will be doing a lot of cleaning. Free. And watching Doctor Who (behind three episodes). Free. And working hard so that I can finish my work and have time when she's at home this summer to go to the pool a lot. Free.
Goal is no spending while she's away. I am saving so that we can go to a fancy dinner for her graduation from 6th grade.
I got an email from the school, and talked to the mom of one of F's classmates who has an older child who went on this trip 3 years ago, and they said they'll be sending email updates. One of the four teachers has been texting me to see how F is doing and said she'll text me. Another of the four teachers had a long talk with F and she felt better afterward.
I told him about the meditation app we use (it's called Calm and we do 7 days to calming anxiety over and over, not just for 7 days). Free, by the way.
Most of the kids just don't seem to care about going away, but as many of you know, F has some anxiety issues, and this trip pushes all of her buttons (separation from me, not knowing every last detail, not being completely in control).
On the flip side, she has no anxiety about school, public speaking or tests or anything like that. She just did a beautiful presentation with two friends on gender stereotypes. It was fun and engaging and all three girls were equally poised and prepared. The dad of a girl who was in another group (they, ironically, did stress/depression/anxiety) said that clearly F's group was the best. But they were really into the topic and spent a ton of time on it.
Also, not anxious about friendships stuff. We just went to see the 7th/8th grade musical (yes, free!) over at the school she's going to next year. And she saw a bunch of kids she knows in the audience and on stage. That's the advantage of a small town.
Next stop: the library which is open until 6 pm to pick up a book F read about. Free!!!
Our Coach: left today to stay with another family. I think this is the last coach we're hosting. I am sending the sheets through the wash twice (they smell like perfume!) and airing out the duvet. F didn't connect with this coach (she was kind of negative) and the smell-thing is just too hard for me. Even though we explained weeks before she arrived that she couldn't use perfume or scented products, she did anyway, and probably thought I wouldn't notice. I felt really ill one evening, and it's just not worth it.
Dinner Tonight: General Tso's chicken, rice, Chinese cabbage - a Chinese Fakeaway!
D's New Job: will start on June 5. In the meantime he gets to talk with HR about benefits. I've never worked for a big organization like this myself, so the idea of HR is pretty exciting to me. We will be putting aside an extra $140/month for gasoline, but I know he can carpool at least once a week.
Mortgage Principal: Got $65 for a craigslist sale yesterday and $64 from the gym today. We now owe $8722. Someone said "Oh, you should just pay it off now." That is a super weird thing to say - if we had an extra $8722 we would definitely put it toward mortgage principal!
Dog Fence: We need to fence in a small area for our dog. That is one of the things we'll do when D starts getting paychecks from the new job. But for right now it'll have to wait. Priorities. But I will submit the fence plan to our homeowner's association next week so that we can start when we're ready.
Soccer Tournament: A game at 9 and the next one at 2. What do you do for 3 hours between games? We may go to Albuquerque and get spring rolls. And then Sunday: game at 9, and maybe game at 2 (they'll need to win one of the other three games to earn a fourth game). There's no time to shop for food this weekend. Or clean. So I just vacuumed half the house and cleaned the birdcage, and put in a load of laundry. I'll clean the bathroom tonight.
Meal Plan for this Week:
- Chinese dinner
- lemon crumbed fish, rice, veg
- mexican eggs
- chicken in crockpot
- sausage pasta
- freezer with salad (basketball night)
- grilled cheese, tomato soup
Oh my gosh - so excited! D applied for a job with the best employer in our state last year, but it's a government entity and moves at a glacial pace. Then they paused the hiring process. But a month ago they called him again and said that they were going to put the job back out and they wanted him to apply. His current work situation is fine (not great), but there has always been the background threat that it might close (several reasons). And his coworker who he really liked just got a new job about 2 weeks ago.
Anyway, the new employer called yesterday to tell him he got the job, and the salary is... $34,000 more than he's making now. I am not kidding. We are stunned.
Here's the brand new financial situation:
Me: $45,000 per year (perks are my business pays for health insurance and our celphones and home internet; I am self-employed so flexible hours)
D: $88,000 per year (perks are he gets health insurance and we get subsidized health insurance, a lot more vacation time, 401k with matching. What will cost more: gas to get there, maybe some clothes since it's a less casual environment).
Here is the debt that we need to deal with:
- $2680 that we owe back to ourselves for the tax bill we had on April 15 (we are paying ourselves back bit by bit)
- $2119 estimated taxes due June 15 (ugh - but my business will give a distribution for some of it since it's because of business profit last year)
- $8850 left on mortgage
- $?? - need to build a dog fence for our dog - not sure how much this will cost
- We have enough money to make the September school payment, but not enough to pay the October payment (short by $500) - but now we can cover this until our mortgage is paid off!
We made a special trip down to Albuquerque today to get a graduation dress for F (they graduate from 6th grade).
Before we went, I made her go through everything in her closet and we had a huge pile of things that no longer fit. She has enough leggings, enough shorts, but she's very low on short sleeved tshirts and tank tops. Also her lightweight hoodie is too small, and that's a summer staple. And she has ONE skirt. And she needs clothes for 7th grade that she'll feel good in (I am a firm believer in that - remind me to tell you about my very sad wardrobe as a child sometime - I wore my school PE clothes on weekends because I wore a uniform during the week and my mother didn't think it was necessary for me to have other fall/winter clothes).
So, off to Albuquerque for the Big Clothing Challenge. She's now definitely a tween - so some kids clothes are ok, and some are not. Some adult x-small are ok, and some are not. She's tall and thin, with strong soccer player thighs (leggings are great, skinny jeans are horrible).
We found things at Old Navy and at H&M, but no graduation dress. I had no idea where to go. Old Navy and H&M (and Target) are pretty much the limit of my shopping expertise.
Our coach was with us, and she said we should try Hollister, which is the worst store in the universe. It's dark and it smells like some sort of weird scent that is supposed to evoke California (I am from there, and I can tell you it doesn't; also I have a headache from it). But we found the dress!
It was so perfect on her, and... the strap was detaching from the body. Except it was the the last one left. The only one (and miraculously in her size). When I went up to ask them about getting a discount since it was the last one, they said they wouldn't sell it to me. Whaaaaaat?
I said I didn't care about the discount, and they insisted they couldn't sell it to me. I explained that I can sew. They said they'd call to another mall to see if there was another dark blue, x-small. "You want me to go get this same dress in Rio Rancho??!!!" which is miles out of the way. They tried calling the Rio Rancho store, but they didn't have it.
I asked for the manager, and said to him: "I am buying this dress; ring it up for me NOW." I found out the guy I'd been talking to WAS the manger, but he sighed heavily and sold me the dress for 10% off. It was already on sale for $21, so now it was $19.
And, as I mentioned, I can sew. It's really not a problem.
Did I also mention that is the last time we shop at Hollister? And they gave me a website to take a survey about our "experience" there, which I am going to do.
Other places I'm never shopping again (because F hated their clothes): Rue21 (clothes are too fussy/complicated), Aeropostale (same problem). F likes simple, I like simple. Phew.
We didn't go into Express. Is that simple? Or more of the Rue21 type of stuff?
She doesn't need any more clothes right now (we got two tshirts, a 3/4 sleeve baseball shirt, 3 tank tops, cardigan and a jean skirt), but it'd be good to know where to go for next time. Gap and JCrew would be good if not so expensive, and I don't have the clothing gene to be able to shop in thrift stores (which are not very good here anyway).
Had to slightly tailor our menu plan to fit our coaches likes/dislikes. She definitely doesn't like fish or seafood, so I had to adjust the meal plan slightly.
I have to be gluten free, and none of us eats beef or pork. Since she doesn't eat fish, that leaves only vegetarian, chicken or turkey for our mains.
I tried to alternate between vegetarian and non-vegetarian. Last night we had chicken queso casserole which is one of our favorites, but not sure if the queso and green chiles are completely normal to an English girl from the north! Oh well, we'll expose her to new things.
Tonight, though, is a dinner you can find in any English house... baked potatoes with green beans or maybe a salad.
S - asian meatballs with veg of some type
M - risotto with peas and sundried tomatoes
T - turkey burger for her and fish burgers for us with fries and rocket salad
W - pasta with red sauce and courgettes
T - quesadillas with guacamole, sour cream and salsa
F - She may be having dinner with us and maybe not... I'll make general tso's chicken and asian cabbage with rice
S - just us: lemon crumbed fish, rice, veg (back to fish!)
It's been kind of a challenge to my meal planning, but I think I've managed to balance everyone's food preferences with the budget!
Another Spring, another British soccer coach coming to stay with us!
This time it's about 10 days... no reimbursement from the Club (ugh; sometimes they really frustrate me - even $25 would help with food costs). It's a girl, and we're very excited because I met her and she loves both soccer and Harry Potter (so F's twin!).
She'll be here tomorrow, so tonight we're eating a very frugal dinner of polenta and salad. Tomorrow - chili with cornbread.
I need to get the sheets on her bed and quickly clean the bathroom (which is already clean, but you know...).
Tomorrow is a soccer practice night which is why the crockpot dinner. F's team is scrimmaging the boys' team.
In other news - her coach told me last night that his wife has basically gone AWOL (alcohol). They have a two year old, who he is now taking care of by himself. His parents are in town, and he has the two older kids to help (his daughter is on the team, too). I offered to help however I can - how could I not? I think some dinners over here would help. And I can watch the kids.
OK - need to go make a salad now, and start dumping things in the crockpot for tomorrow's chili (I put the crockpot in the fridge until morning; couldn't do it all in the morning - too crazy).
Someone asked how we paid off $7500 in 4 months and I thought this would make a good post!
First of all, I have an excel spreadsheet that calculates pay down with additional principal payments. That has helped us know what we need to do to reach our goal.
Also - our regular payments are included in the $7500. The spreadsheet shows how much of our regular payment each month is interest and how much is principal (we are mostly principal now).
Here's the breakdown:
January: owe $18029
principal from regular payment - $1034
additional payments -
- 150 budgeted for principal paydown,
- 23.75 insurance refund from USAA, 70 gym payment for teaching,
- 312.05 net rental income from our Irish house (which was paid off a year ago; we pay an average of $400/month - one month 300 and the next month 500 but this is in euros, so it's a little more in dollars)
February: owe $16,400
principal from regular payment - $1039
additional payments -
- 150 budgeted for principal paydown
- 5.21 extra principal (because our escrow amount went down but we're still paying the same payment
- 57 gym payment for teaching
- 532.19 net rental income from our Irish house
- 38 consigned a coat and payment came through
March: owe $14,590
principal from regular payment - $1044
additional payments -
- 155.21 budgeted for principal paydown
- 86 gym payment for teaching
- 316.48 net rental income from our Irish house
- 67.5 D's side work
April: owe $12,910
principal from regular payment - $1044
additional payments -
- 155.21 budgeted for principal paydown
- 5.21 - my banking mistake, but I made it up in another category
- 75 gym payment for teaching
- 318.56 net rental income from our Irish house
- 75 D's birthday gift which he used part of and put this amount toward the mortgage - that was nice of him!
- 633.37 - distribution from work (long story, but I took a distribution and decided to pay down mortgage principal with it)
Now owe: $10,600
Our circumstances are very different now that our Irish house is paid off. D bought it for $100k Irish pounds (back before the euro!). We did not pay down principal since the interest rate was low; we just did regular payments until it was paid off. It is rented out to two friends. We feel ok taking $400/month out to help pay down our mortgage here. The rest of the rent money is for repairs and taxes.
If it helps, our take home pay every month is $6446. Of this, we pay $850 toward tuition and $800 toward our IRA's (we are trying for $1000). I will post our full budget soon. Not sure what other people make, but I am happy to be transparent if it helps someone!
I am starting to think about paying off our house, and so I looked up some info on the internet.
Here's what I found:
- If you ask for a payoff amount, they charge you a fee! Well, I won't need a payoff amount - I'm just going to pay until it's done. There may be $20 or so that they owe me back.
- They charge you to record the payoff with the County - so I am going to check with the County and see what that recording fee is
I asked my bank (which is a smallish local bank) if I could meet with a loan officer about our impending payoff (probably 4 or 5 months off) and the woman said I couldn't make an appointment, that they would need to contact me. She asked if our loan was there (um, yes, otherwise why would I want to talk to them?). Then she said "So this is a refi," and I realized that she misunderstood and thought I wanted a new loan. I explained that I didn't want a new loan, that I was going to pay off our mortgage in full in a couple of months. And she looked at me blankly. But she took down my info and said someone would contact me to make an appointment.
Do you think someone will contact me? I don't. But I have a couple of months to work on this and find out what happens next.
For those of you who have paid off your mortgage (and I know it's different in different states) how does this work? Do I cancel my automatic payments? What were the fees?
I can't even ask my parents because they still have a mortgage. I have two friends whose mortgages are paid off, so I'm going to ask them how it worked. I like to know ahead of time.
PS - paid off another $75 from the gym payment for this month, so we now owe $10,600.
1. When I was looking through recent transactions on our online checking, I saw a $10 fee charge. No idea what it is. At first I thought it might be part of our tuition because it came a day later and I called the tuition management people to scream, but it isn't them! The bank had no idea what it is either. They said I should come in and dispute the charge.
2. Nissan finally called me to tell me my airbag is in! So I took my car over there and asked them to do the service I need at the same time. The good news is that Nissan USA gave me a $250 voucher toward Nissan service (or products) and I can use that to pay for the service (it's a biggish one - 75k mile).
3. Did not get my gym payment yet (boo hoo!) for last month. I've bugged them twice already since April started.
4. French dinner tonight.... my daughter said "Isn't that just a fancy name for a goody plate?" and I didn't have the heart to tell her that even a goody plate is a fancy name - something my mom made up when I was little that meant eating all sorts of stuff from the fridge to use it up! (French dinner is cheese, crackers, olives and whatever else is in the fridge - plus a salad made from the rocket/arugula we have growing in our garden).
5. Current tv program we're watching is MasterChef (the UK one; I don't know if there's another one) on the bbc iplayer. It's hard to keep up with - three episodes a week.
6. F has started talking about her birthday party. She wants a sleepover with some friend and a sort of Harry Potter theme (they may make a "movie" with wand duels). I am looking up recipes for butterbeer ice cream but may just swirl butterscotch into vanilla ice cream. This is not going to be a costly birthday at all, so I told her I'd take her and a friend down to the mini-golf/go-kart/bumper boats/arcade place in Albuquerque on her actual birthday.
7. We are thinking of hosting a coach again for soccer camp. They give us a stipend and we end up breaking even pretty much. It's such a great experience, though... worth it even if we spend a little more. Like having a very sweet, 20-something, soccer-playing houseguest.
It's been a long time since I've written anything - oops!
I guess I should give an update on our Fairly Frugal Holiday.
It was super fun! If any of you are ever in Southern New Mexico (I can't see why you would be, though, unless you live in West Texas) you should definitely see Carlsbad Caverns and White Sands National Monument.
Day 1 - Three Rivers Petroglyphs - a billion petroglyphs! It was so cool! Ate lunch from our cooler under one of the picnic benches. It was a $5 entrance fee. Went on to Alamogordo where we went to the toy train museum and checked into our hotel which had a pool. Hotel was free with my mom's points. Ate dinner from the cooler heated in the microwave.
Day 2 - White Sands (brought our sleds and it was so much fun!!). Then the pistachio ranch where we got pistachios for the people watching our pets, and also took a photo with a giant concrete pistachio, and also tried every sample they had! Then the Space Museum. Entrance for all three of us with an IMAX was $20. Breakfast was free at the hotel, and we ate lunch and dinner from the cooler. Did I mention that food in Alamogordo is... not great. So this was not just to save money.
Day 3 - Drove to Carlsbad (NM) and swam in the pool for a bit, then went to the river and got a pedal boat ($10). Breakfast was at the Alamogordo hotel, and dinner was from the cooler. We ate lunch out in Carlsbad. The hotel was free (I had a free night) and had a real kitchenette, not just a microwave.
Day 4 - Carlsbad Caverns - gorgeous and a total natural wonder! Admission was $20 total. A bargain. We had breakfast at our hotel (and ran into friends - isn't that weird? and then again in the Caverns - different friends!). We were out of lunch things in the cooler, but had some fruit and snack stuff, so we supplemented with food from the Visitor Center; it wasn't worth it. Then the long drive home. We managed to get home by dinner which was good because it was astounding how few towns there are between Carlsbad and Santa Fe. F decided to skip the alien museum in Roswell.
I didn't get any decent photos, but my husband did... but you should look it up - it's such a cool place.
The trip was a good length, and cost us a total of about $200 with admissions, food and everything.
And now we owe $10,674 on our house; the low-key vacation really helped us with the mortgage - I paid off a bunch this month!
I have probably told you that I have to be gluten free. This is not a choice (celiac genes, digestive issues, microscopic colitis) and I know a lot of other people have to be on a gf diet, too or choose to be so that they don't have symptoms (there are a lot of diverse symptoms).
This is my Lunch Planning (and includes my daughter's lunch plan, too). My husband is on his own, because he makes his own lunch, but I can tell you what he eats, too.
- leftovers or a turkey sandwich (or tuna sandwich on Thursdays when I make two can's worth of tuna)
- tortilla chips
Yes, that's what he eats every day. I would get so bored.
she gets veggies and dip, a piece of fruit, some chips/crisps and a cookie, and then a main, following this basic schedule:
- Monday - hot lunch (this is something pre-made from the store like Trader Joe's chicken strips or potstickers in her thermos and is in lieu of the very expensive and disgusting school hot lunches)
- Tuesday - turkey and cheese wrap (in a tortilla)
- Wednesday - bean and cheese burrito
- Thursday - tuna wrap with avocado
- Friday - mac and cheese or a quesadilla with a salad (instead of veggies and dip)
My lunch plan:
I also toss in a piece of fruit and chips/crisps, sometimes carrots, too. Her lunch coordinates with mine (so if she's having refried beans in a burrito, I have them on a corn tortilla)
- Monday - one egg (hardboiled or fried), string cheese or goat cheese with chips
- Tuesday - turkey sandwich with cheese rolled in lettuce
- Wednesday - Beans and cheese between corn tortillas
- Thursday - tuna with avocado
- Friday - Salad
This meal plan limits what I need to buy each week: one cucumber, some radishes, lettuce, tortillas (corn and flour) but only once every two weeks, some cheese, one packet of turkey, one can of refried beans, two cans of tuna, an avocado, a couple of types of chips (usually tortilla chips and one other type), a couple of types of fruit. I always have eggs on hand. Oh! and something for F's "hot lunch."
Do you have to eat gluten free? Do you use Lunch Planning like meal planning?
One of my absolute favorite tv series is Back in Time... where they send a family "back in time" to cook and eat and live like another era. The first series had them going back to the 40s and then moving forward to the 90s with each day being a year. They even transformed their house!
It's a great show to watch with kids, too - entertaining but also educational. F wondered at how I survived the 70s (which I thought was the perfect time to be a kid!)
I can't believe we missed Farther Back in Time! Need to catch up fast since the final episode expires in 12 days.
Frugality (or lack of frugality which in this case often means convenience) is a major theme, or at least an undercurrent.
Speaking of that, tonight's dinner: roast potatoes and a big salad (big salad, as opposed to our regular dinner salad, has whatever is on hand, but tonight will have grated carrot, cucumbers, cut up turkey, sunflower seeds, radishes, homemade dressing).
We haven't left home yet, but decided that our frugal holiday started today anyway.
F had two soccer games (tied one, won one) and afterward we went down to Albuquerque for dinner. Vietnamese! Yum! We decided to eat out because we won't be eating out much on our holiday next week. The food isn't very good where we're going, so we have hotel rooms with microwaves and fridges and we'll be bringing our own food.
Tomorrow we'll go back to Albuquerque to see Beauty and the Beast in IMAX 3d. And eat out again. This is part of our holiday, too.
We leave officially on Wednesday, and now I'm thinking we're very smart because that's when the weather up here turns cold. It'll be in the mid 70s down south, so we'll follow the good weather.
Hotel rooms are all FREE. My mom had points and gave them to us for two nights, and we had a free night at a Marriott hotel for the third night. Both hotels have free wifi and pools and breakfast in the morning.
Petsitting - all done by friends for FREE taking turns. We'll bring them each back something small (freeze-dried ice cream from the space museum? some alien thing from Roswell?).
We'll need to pay for fuel, admission to White Sands (but we have our sleds ready!), admission to Carlsbad Caverns and probably a parking fee at the Petroglyphs. I think the solar observatory is free.
I'm pretty happy to have a vacation... It's been a long weird winter. And we're $12,910 from paying off the mortgage. I can see the finish line, and I don't want to lose momentum, so frugal is key right now.
Are you going anywhere for Spring Break?
What we're budgeting for:
- F wants to go see Beauty and the Beast 3D when it comes out
- I just bought a new pillow (doctor's orders)
- Driving trip down to Southern NM (White Sands, Carlsbad Caverns, Sunspot Solar Observatory, Space Museum) - gas, hotel, entrance fees and prepared food to buy here at Trader Joe's and bring with us so we don't have to eat at Applebees or Chillis which none of us like (plus the prepared food at TJ's is cheaper)
Things on my mind:
- One of the projects I was counting on doesn't start until May. I have to make the money from that project last.
- When are people going to pay me? Several outstanding invoices from last month.
- When will F get her acceptance to 7th grade? Should be around mid-month.
- Need to return F's basketball uniform to the school (it's washed and ready to go back).
- I have $50 in my clothing category; I need a new pair of black leggings - big hole in my other pair. I'd love a second pair of Darn Tough socks but I can wait until next birthday.
- Need to help the 6th graders finish the treehouse at school (it's their parting gift to the school as they all move on to jr. high) - Friday?
- Need to get reimbursed for treehouse expenses
- Dog needs check up at the vet
- Lots of work to do at work so none of the rest of the previous things will get done or dealt with!
Are you saving for anything or is anything using up all your important brain-space?
I don't know how much people care about the minutiae of other people's financial arrangements... sometimes I like to see how other people are handling things so that I can figure out my own finances better.
Anyway, for the record, here are the minutiae of how we are going to fit our big tax bill into the finance stream.
Federal tax bill $4033
State tax bill $411
Estimated payment for April $1649
Total = $6093
Since we have some savings and money allocated but not yet spent, we have a cushion and can pay the tax bill and estimated taxes and pay ourselves back little by little. YNAB helps with this... I've set up a category called "Estimated Taxes" that will be negative for about 4 months.
This method will allow me to maintain cash flow in my business and to maintain a good balance in our Irish account. Those two things (business profit and Irish house rental profit) are the reasons for the big tax bill.
March - Deposit into our personal account $1000 as a distribution from my business, $300 from the Irish account, $200 from my husband's side business account
balance will now be: $4593
April - We pay the big bill. Already have $1500 allocated. Deposit another $1000 as a distribution from my business, $300 from the Irish account
balance will now be: $3293
May - Deposit another $1000 as a distribution from my business, $300 from the Irish account
balance wil now be: $1993
June - Deposit $1000 as a distribution from my business
balance will now be : $693
We will cover the $693 with underspending in other categories, little by little.
So there you go. That's my creative accounting method, to soften the blow of the Big Tax Bill. We still have to pay it of course.
I feel privileged to have made a profit this year.
I guess I should get the financial part out of the way first... I had to go back to the grocery store today to get a couple of things I forgot - grrr. But... I am still well under our budget for food this month, by about $200!!!
Some misc. spending... we had to buy a new knob for our dryer (the other one broke). We use it very little, but I guess it's 18 years old. Also bought some new soccer cleats for F whose foot is now bigger than mine. She says her indoor shoes still fit.
Here is the rest of this post:
Our school girls team played our school boys team tonight in basketball. The boys have one amazing player; he got half the points (14 out of 31). They have another really great player. He got another 11 of the points. The other 6 points were made by kids who were set up by one of the other two. Our girls fought hard and scored 14 points.
Last time this happened the boys (not the two really good players who are super nice boys) talked trash the entire next day telling the girls that they lost because girls aren't as good at basketball. These are boys that are not very good players and contributed very little to the team (the coach's fault really, because he is relying on his strong players and not developing the others, but still).
Anyway, this is all background, because what I wanted to get off my chest is this: I was sitting next to a friend at the game whose son pretty much constantly harasses my daughter. I've kept my friendship with her separate from her son's poor behavior. She turned to me at half time and said "F called H sexist today!" I answered "Well, I hear he says some pretty sexist things sometimes!"
My friend said that F called her son sexist because he said he couldn't make it to the women's march. (Huh?). F said she (and several other girls in the class) said he was sexist because he was trashing them about being on the basketball team.
Do you want to hear what he said recently (besides girls can't play basketball)? This was in a debate about whether or not boys or girls are treated better. He said that girls should go to all-girls schools where they can sit quietly and learn to sew and boys should go to all-boys schools where they can be outside and play soccer.
I hears this from three separate girls (who were really mad about it) and the teacher (who I asked about it after the girls were so upset).
Well, I told the mom what he said. Maybe I shouldn't have. I said "There are two sides to every story, and you're hearing H's side, and I'm hearing F's, but this was confirmed by other people."
She said "He was probably just teasing them." And then "Well it was a debate." And then "But his father sews." And then "He doesn't play soccer."
And she said the basketball comments were just 6th grade banter. (Editorial: unacceptable banter, if you ask me; I mean really: sore winners? Who every heard of sore winners?).
I told her that it didn't really matter; there were always two sides, and as they get older the boys and girls will become friends again (editorial: they won't).
I hope she and I are still friends because I like her. But she is seriously clueless about her son. It's seriously weird because SHE played basketball when she was younger.
I know you probably have all sorts of comments on how I handled myself, but I'm not really concerned about me. I told F to just stay away from H, ignore his nasty comments tomorrow in school. I think that was the right thing to do. She needs to be secure in herself and not worry about him.
That's what I told her.
Now for all of you, the real reason he is always so mean to her: he's in the lowest math group, she's in the highest. She is sporty and active and does play soccer, and he isn't gifted in that area. She's a point guard and played 3 1/2 quarters tonight; he played 1 quarter. She gets straight A's and he is not that great at school. She has four best friends and is friends with almost all of the other girls in the class plus those two amazing basketball boys, and he constantly has friendship troubles.
So that's why I told her not challenge him or name call. Just leave it be. And that's why I said to my friend "Well, there are two sides to every story." And maybe one day they will be friends again. You never know, right?
First, the reason for the giant tax bill:
Despite the fact that I paid extra each month for FWH and we paid estimated taxes, we ended up owing money. The wild card every year is how much profit my business makes. Because my business is an S-corp, we pay the tax on the profit as part of our personal taxes, even if I keep the profit in the business.
I did our taxes with and without the business profit, and with the profit, we end up paying just about the amount of the additional tax we owe.
So my plan is to take a distribution from my business (from the profit I guess) to pay the tax bill.
Now I have to think about 2017 estimated taxes and how to pay those. I think a combination of withdrawing money from our Irish account (since that accounts for some of the tax not covered by FWH) and a couple of small distributions from my business. The rest is from the money that D sets aside in an account for his income from side businesses (he's a children's photographer on the side).
A few things to report:
- I sold an old coat at consignment back in January; I was able to pick up the payment a couple of days ago. That's another $38 toward mortgage principal.
- Our mortgage payment went down (for escrow; I have no idea how they calculate that), but we left it the same. And extra $5.21 toward principal each month.
- Our team bought the basketball coach and assistant coach gift certificates (we got a certificate for the local bike shop which is owned by a mutual friend for the coach - who shops there a lot! - and starbucks for the assistant). The bike shop is next to one grocery store I go to, and the starbucks is next to the other; as you can tell, I bought the certificates. One of the moms said she'd give me her share at the party last night. She didn't and I was freaking out that I'd have to cover her, but she emailed and apologized and said she'd bring it to school on Tuesday. Phew!
- Got a new book (free, epub book of course) - the first in the Chronicles of St. Mary's series. I'm a couple of chapters in, and I like it so far. A time travel book.
- Dinner tonight is a socca (chickpea flour and courgette pancake with red onion topping).
- We owe $14,636 on the mortgage.
- I am watching Just Add Magic with F on Amazon Prime. It's a really cute show, if you have a tween, I recommend it. I like it too, but I'm sort of immature.
Are you reading or watching anything for free right now?
I forgot to take my allergy medicine today - ooops! - and realized it in the middle of the day when I was so tired. Allergies make me tired. So I didn't get a lot done today at work.
But I did do a few important things:
- came up with a floor plan for the police dept. I'm working on. The chief LOVED it, so it's a go.
- gave a price to the contractor I work with. I aimed high; he can talk me down (a little). Or maybe he won't.
- Other misc. work stuff ilke emails and dropping off a deposit check to an HOA that the owner sent to me rather than to the accountant.
- Almost finished our taxes. We owe. It makes me want to throw up. The reason: profit on my business which I have to declare on our personal taxes (Sched. K) but I leave the profit in my business. So I am going to take a distribution to pay the taxes.
- Re-did my monthly cash flow for F's tuition for the next two years to make sure we can pay for school. We need to have the mortgage paid off by October in order to make this work.
My co-worker said "Why don't your parents pay for F's tuition?" Ha, ha, ha!!! But seriously, he's not the first person to ask me that. My parents are retired; they have a nice fixed retirement income, but it's still fixed. And they very kindly fly us out to see them twice a year, which are nice vacations for us. My mom gives me $2,000 for the annual tuition deposit. They are so good to us! But they can't just pay for school!
Tomorrow is the school skiing outing. I left it up to F if she wanted to go or not; I didn't tell her I'd have to come up with $150 out of thin air. (Or more realistically, a little bit out of several budget categories). She doesn't want to go, and I think we'll go x-c skiing together instead, then meet the class at the Lodge for lunch. I'm looking forward to hanging out with F tomorrow! But I'll bring my own lunch (the food up there is gross).
Tonight - next to last basketball game. The girls are amazing! I'm so proud of them. I need to talk to the parents about getting something for the coach to give him at our party this Saturday. Any suggestions? I thought maybe a voucher to a restaurant he and his wife like?
Every Sunday (always before noon, because you can't sell alcohol in our state until noon, so the stores are quieter), I do my grocery shopping and get gas (even if the tank is not empty so I start the week with a full tank). I really don't spend anything during the week. Weekends are my spend time.
So, I need to get up and get going, but I'm lazing around with my laptop.
The meal plan this week is:
S - tortilla espanola with chipotle mayo and salad
M - soccer practice night - risotto with peas and sundried tomatoes
T - game night - crockpot roast chicken, rice, broccoli
W - game - freezer with salad
T - game - fishburgers, chips, roasted brussels sprouts
F - soccer practice night - socca with courgettes and red onion
Our food budget is my best way to save money... most of our other costs are pretty fixed.
Yesterday, F's basketball team got together at her friend K's house to play 3 v 3 and just have fun. F wants to shoot 500 (!!!!) left-handed layups today. She can do that at our hoop at home or we can go to the park if she wants to get out. (The coach has said that F is definitively a left-handed player; there was some confusion, and there has been in every sport she's played).
Tomorrow I have to drive down to Edgewood (1.25 hrs away which for here is FAR)... but it's for a new project, so YAY!
We're going to owe money for our taxes which makes me sort of grumpy. I need to just finish up the taxes, though, so I can stop thinking about it. And I still have to do our Fbar (disclosing our foreign bank account).
This coming week: 3 day school week... so I need to get busy!
I had a meeting yesterday with another architect. I'd referred her for a project, and she took me out to lunch, which was unexpected and really nice!
I am still going to PT once a week, and I have to say it's helping! Most days I don't even feel my back at all. Which is the way it should be! Actually, reminds me I've been sitting here for over an hour. I need to go do 5 min. of stretching.
I'm back. I'm not just doing cobra stretches anymore, but also some stability exercises.
Other things going on:
- I am still helping the 6th grade with their treehouse project. I bought the wood posts myself, but I'll be reimbursed. Need to place the rest of the order early next week. I have another parent who will help me cut everything.
- I am still waiting for my airbag to be replaced. Ugh.
- Outdoor soccer practice started this week. Basketball is continuing. So it's a lot of sports right now!
- F finished her application for 7th grade and submitted it in early January. She just took the math placement test. We should hear in mid-March if she got in or not. Pretty sure she'll get in, though.
- Mortgage is at $14827. But we have a big tax bill coming up. Otherwise I would attack it relentlessly! So....I guess no tax refund to use to pay down mortgage.
- Got a check today for one of the subdivisions I work with. I like to end the week with a check!
I am writing this while sitting in a very straight chair with a towel rolled up behind my back and very perfect posture. With my feet on a book (I'm too short to have my bum all the way back in the chair and still have my feet touch the floor). This is what the dumb physical therapist said I have to do.
He isn't really dumb. He's probably really smart.
I've seen other PT's and had the same back pain (lower right side) for 2 years! Since I did penalties in kids v. adult soccer (which should not be a thing because at a certain age F was waaaaaay better at soccer than I am).
But the pain stayed.
I casually mentioned at my annual physical that my back was still messed up but not super painful and I could teach weightlifting and run and all sorts of things. It felt stiff, like I had to bend over and stretch it out a lot.
She sent me for an xray right after my physical, and my spine is like a weird curvy S. She also gave me a paper to go to PT (again, but this time a different place). My friend who is an orthopedist said they are really good there.
So after 2 years of this, the new PT does some physical "tests" and I can't remember his diagnosis but I think it was a bulgy disk (or maybe it was a slipped disk). I can't remember because I was in shock: he was telling me to sit in a straight chair and not a mushy sofa or my comfy bed with this hard towel for two weeks. And the towel in the car. And these back exercises every two hours. And I can't jump rope or jump at all or run or teach my weightlifting class for two weeks. I work out pretty much every day.
Two weeks isn't a long time; I know that. But I was in denial. I was negotiating. Can I do situps? No. Can I jog? No.
I can walk. My friends are so awesome. They have all offered to walk me (like a dog!) so I don't go crazy.
I also can't bend over. Bending over (which I was doing a lot to "stretch it out") is exactly the wrong thing. My back doesn't move at all in the other direction, so my every-two-hours exercises are supposed to get things moving the other way. Like cobra pose which I've never been able to do (that should have been a clue!).
I was depressed and cranky for the rest of the day, and part of this morning. And then I noticed that I can actually get a little higher up on the cobra and my back hurts less, so now I've decided that this is an athletic pursuit in itself. I am going to be the best PT patient ever!!! (And the most compulsive).
The dumb PT says 6 to 8 weeks to heal. He put it into perspective by saying that it's either that or I keep the disk bulgy and slippy and get to the point where I can't exercise at all.
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