Hi! I feel really bad that I haven't written anything in a while. I've been saving money and spending money, still sticking with my budget.
I have developed a spreadsheet that works really well. It's based on YNAB, but I ended up divorcing YNAB for two reasons (that you couldn't carry over a negative balance and that it was expensive!). I still have buckets and every dollar has a job.
The thing I am saving for now is: college. It's not that far off (F is in 9th). So I'm putting all of our extra in there, plus $230/month from our budget.
We also have a big vacation planned for March: we are going to Ireland (to see family and friends) but stopping in Iceland for 5 days on the way back. The tickets were $1714 total for all three of us out of Denver and I had purchase eraser rewards, so in the end $1264. We have to drive to Denver. The 5 day layover in Iceland is free! I am spending a little extra because we have to buy some clothes (long underwear! Sorel-like boots) where there are gaps in our wardrobes.
So the key buy of the week were Aleader boots - they are cute, super warm and mine were $50. They look like Sorels; I can't wait to try these out this winter here in New Mexico - it's supposed to snow this Thursday, actually.
- I got at $10 credit for Amazon from Whole Foods
- I got a $25 gift certificate from Swagbucks
- I got a $13 Big Fat Check from Rakuten
- I bought Hannukah candles online for $4 as opposed to getting them from Whole Foods which is the only place that carries them here ($11!!!!!)
- I am knitting a cute little ball for my baby nephew for Christmas rather than buying more plastic stuff
- I am still making money teaching at a gym (and I've added running to my exercise routine - doing a 5k and also a shorter run each week; there is a nice track near our house at a local elementary school).
Viewing the 'frugal living' Category
Hi! I feel really bad that I haven't written anything in a while. I've been saving money and spending money, still sticking with my budget.
So it's Spring Break!! D had to go to the UK to see his parents, but there wasn't enough for all three of us to go, and F has soccer and track anyway, so she and I are having a staycation.
Try explaining that to my clients, though! I've had to do at least some work every day. Thankfully, I can do some work while F is at practice. And she is also working on a musical about the suffrage movement (no, not for school; yes, she is a super focused person), so I try to do work while she's doing that.
I still haven't finished our taxes (I probably have one more hour to finish up - grrrrr).
And I am trying to figure out a workable banking system for us. My local bank is being bought by another bank, and I am seeing some really annoying changes. I have a business online account with Barclays and personal accounts with Capital One 360. I am thinking of opening an account with HBSC because they have an opening bonus, sweep money into there to earn some interest, and then using it to move money back and forth from our personal account so we earn some interest on the money we don't need right away. Specific categories we let build up are: household repairs/projects, vacations/rewards, camp. I could sweep in a lot of money, and return it to our account as necessary so that the bricks-and-mortar bank will act only as a check-writing bank. Have any of you done this?
So, Spring Break this year - a two week break, and we are staying put.
D is going to the UK to be with and help his parents ($713.53 flight plus rental car but no hotel or food because he'll stay with family). F and I are not going for several reasons:
- why spend an extra $1400 to go over there to only stay 1 week (when we go, we maximize our time there)
- F has soccer and track (practices, meets, games)
So we will give him a list of things to bring back (Nairn's rosemary and sea salt flatbreads and Tesco GF chocolate wafers which are like kit kat for F), and then plan a fun couple of weeks.
On the agenda:
- a chocolate tour and tasting at a local chocolate factory that was a gift (so no charge to us)
- trip to Albuquerque to get lunch, hopefully find an 8th grade graduation dress
- online scavenger hunt (also already paid for Christmas present)
-a splurgy lunch out (not somewhere expensive, it's just that we are normally pack lunch people)
The weather will probably continue to be cold for a while, so that eliminates a lot of outdoor activities, but if we get some nice weather, we can go on some hikes. Or just play board games at home.
My daughter is such a great kid - she says she doesn't care about going places and that all she wants is to go see her new cousin in August in San Francisco (and see Hamilton!). Her friends will be going all over, though - one skiing in Pagosa, one to Belize, etc. What are you doing to make Spring Break special?
My husband got a raise this year- yes! Not a huge raise, but we are super happy! The result is $98.90 per month net.
Now for the increases in expenses for 2019:
- 83.33 more to the IRAs which gets us to our limit
- 58.67 increase in F's tuition
- food cost increases - our old food budget is not cutting it anymore - probably need to add about $75 more a month to be safe but $50 more would be ok
So budget needs to change by about $192 and we have $98.90... need to find another $93.
One way to do this is to take money out of other categories:
- 20 from karate (since she does so many sports that there isn't time for a lot of privates and the testing will slow down, too)
- 10 from camp (since F doesn't really like camp anymore and will do one or two at most - one karate and one soccer)
- maybe some money from the tuition savings (we try to save a little extra each month) to offset the tuition increase
Another option is a small distribution every so often from my business, but I hate doing that.
What categories do you use to offset budget increases?
Because I had been reading so many stories about refunds v. owning money as a result of the new tax changes, I decided to do our taxes two ways: using last year's tax code and this year's because everything else could be a result of withholding/different earnings/other factors.
This was easy to do, because I do my own taxes and I use Turbo Tax. I just opened a new file in last year's program and entered the info side by side with this year's program.
My dad said he had been planning to do the same thing: like father like daughter! My dad is 86 and still does his own taxes. The first time I did mine, he sat patiently with me as I did my (then) very simple return.
Ok, so this year we are getting back $4475 more than we would have under the old tax code. That is insane (and not in a good way, except for us it's good, but not for the country).
This is the part of the post where things get nerdy. But this is SavingAdvice, so you're probably into this! This is why I think the difference is so much in our favor:
- Standard deduction - we always took the standard deduction so the difference is pretty dramatic for us (we never itemized)
- Child tax credit - this gained us $2000 (would have been 0 under the old tax code)
- I made some pass-through money (my business profit which is taxed as personal income, and under the new rules, 20% of that is just written off
- I guess we end up in a lower tax bracket because they changed the brackets (we would have been in the 28% tax bracket last year, and now the same income is 24%)
All of this is great for us, as I mentioned, but completely unfair. Of course we can use the money (D may have to go back to the UK, but that's a different post and we are saving for college) but we shouldn't have been the ones to get a tax break. We make a good living (with both of our salaries about 120k) and I feel like this should have been aimed more at people less fortunate. Besides giving to college, some of this refund will be given as a charitable donation (along with the money F raised by making friendship bracelets for a local non-profit that deals with domestic violence).
1. Spent the weekend playing around on Excel to make sure we have enough to pay for school. I also called the school's financial office to find out what we save if we pay the full tuition by June v. paying monthly. It's $75, and it would be super hard to pay by June, plus we keep the money that we're saving for education in an account that makes interest. So - monthly it is! But good to do the research.
2. We bought our plane tickets to visit my brother and sister-in-law after they have their baby. Not cheap, but it's our vacation this summer and we're going to help with the baby for a few days. (We'll also do some driving trips around our state - maybe Chaco, Very Large Array). My mom let me know there was a sale, so I got on Southwest. The choice was Oakland v. San Jose, and although San Jose would've been more convenient (a little closer to Palo Alto), it also meant two flights and a lot more time spent traveling, so we opted for Oakland.
3. I am finishing up a library book - Nine Perfect Strangers by Liane Moriarty (one of my favorite writers!). A super fun book! I'll return it tomorrow along with books that F read. I truly love our little library.
4. We now have a professional soccer team in our state (second division, but still - how cool for our young soccer players)! The are having a youth clinic up here (they play in Albuquerque, so that's super nice). You get to watch them practice, then you get a meet and greet, then a training session with them!!! I had to get a ticket but the ticket was FREE! They just want people to register. The whole team is going.
5. More free stuff - our wonderful soccer coaches have been putting together some winter programs for the team including what they call "soccer class." These are in addition to indoor practices, and each week covers a different subject: athletes + sleep, focus + relaxation, goals + habits, game day prep. And I talked to the owner of the gym where I teach and she let me do a class for three weeks on resistance training for free.
6. Track is starting and uniforms are - gulp - $95. But not unexpected, and since it's a school sport, everything else is covered. F told the coach she wants to run the 800 and 1600 and his eyes lit up. She came in first in the soccer team timed mile (6 min. 45 sec.), and I'm excited to see what she can do with training. The coach said he has picked several meets at lower altitude to take advantage of the fact that our students train at 7000 feet.
7. We spent $138 on groceries this week, which isn't great. May need to do "eat out of the freezer" at the end of the month. This does include bringing a meal to my friend B who has a concussion (and is a single mom).
So F got either food poisoning or a stomach bug in the middle of the night last night (not very bad, so I am super thankful) and is staying home today. She's already done all her homework, and I am making her relax and get better. This is her first day absent this year.
She needs to recover for the timed mile for soccer on Saturday. If they do it in under 7 minutes, they don't need to do the timed two mile on Sunday. Sunday evening is the parent-student Varsity Track meeting. It's going to be a busy Spring!
I just finished the work I need to do today and am now going to do a little brainstorming on career stuff. I have a book to read, too.
- My work style - I am super productive and responsible, but in exchange for that I like flexibility in my schedule. I don't mind having commitments at certain times, but I like to control when I commit to something.
- I like people! I like helping people. But I don't like when people are working for me (like engineers, consultants) - it's better when I can just get the work done myself.
- I like variety, so I don't mind cobbling something together that is a mix of all sorts of part time things that equal full time work.
- The mix of architecture and fitness instruction (maybe pulling back on some of the architecture and increasing fitness instruction) seems like a good idea.
I met with a woman at a local non-profit that takes care of people with disabilities (mostly Downs Syndrome) and I am volunteering to do some core fitness work with them. I connected with the people at the center instantly. I really like doing exercise work with people in under-served populations, like the older women who take my exercise classes.
That's it - just some thoughts...
Time to do a little research.
Frugal choices this week:
- I lost my sunglasses (not frugal, but it happens). I bought a new pair at Target for $14 (100% UV protection) rather than the very enticing pair of super-expensive Ray Bans I saw online; I need the sunglasses - not optional here in the high desert!
- My friend who is moving (wahhhhh!) gave me a book on back pain and a foam roller. I am going to try it out after I finish this post.
- Got a new book from the library by Liane Moriarty who I love!
- I got a 50% off coupon for an oil change at the dealer. They said I probably need new brake pads soon, but instead of getting the work done there, I called the other place I go, and it's a lot less!
- My husband found a driver that may work with our old scanner, so I am going to try that out before I buy a new one! I am digitizing all of my old photos.
- I just upgraded to Mac High Sierra (not Mojave yet) which of course is free, but I was worried that none of my old programs would work. They all do!
- Put together a frugal menu for next week (we have $89 left in the grocery budget):
Chinese chicken salad with cabbage and almonds - have everything I need! Nothing to buy!
Stuffed red peppers (black beans, corn, quinoa) - Need beans, red peppers and salsa but have everything else
Elote pasta with corn, green onions, feta and cilantro - Have everything!
Potatoes dauphinoise and a salad - Need potatoes (might try yukon golds this time) and lettuce and cream
Coleslaw and baked potatoes with chile on top - Have pretty much everything for this, too except potatoes
Veggie spring rolls in rice paper wrappers with dipping sauce (I have the wrappers and some red cabbage, everything for the sauce, probably need cucumbers and more carrots)
- Entertainment this weekend: walking the dog, reading my book, chatting with the parents at F's karate class, relaxing.
- Cleaned the house. This is not really frugal, but EVERY one of my friends has a cleaner, so I'm counting this. (I'm serious - everyone has a cleaner; it can't be that way in the general population, right? I just have friends who prioritize this?).
So one thing I'm always interested is how people shop, what they eat, what their grocery bill is. It borders on obsession.
Did I tell you about the girl M in F's Advisory Group? Her parents give her money for lunch every day, and every day instead of buying the hot lunch with it, she gets an Arizona Tea, a cinnamon roll and a cookie. Each is a dollar, and the hot lunch would be $7 so she pockets $4. The Advisor is freaking out, and she told M that she was going to contact her mom.
Anyway, in case you are like me, here is what we're eating this week, but also our shopping list and prices!
S - Hearts of Palm with Asian Slaw
M - Fagioli Stew (turkey, beans, carrots, celery, tomatoes, etc)
T - Baked penne
W - Lemon Crumbed Fish, Rice, Broccoli
Th - Chimichurri Rice and a salad
F - Jackfruit Tacos
Breakfasts - oatmeal with fruit, toast with fruit, scrambled eggs, granola with yogurt and fruit
Lunches - red pepper with quinoa/beans (which we have in the freezer), tuna wrap, goat cheese on toast with beets (which we had today), avocado/tomato wrap, leftovers, burrito...
plus a fruit, a starch (like chips or crackers) and a veg (like carrots, cucumber with hummus).
The shopping list:
- Broccoli $1.52
- Spinach $1.29
- Cilantro .69
- Garlic .50
- Green Cabbage $1.27
- Beets $1.99
- Red Pepper $1.25
- Red Cabbage $2.99
- Red Onion .94
- Radishes .69
- Tomatoes .41
- Yellow Onion .35
- Avocados $3.29
- Carrots .79
- Cucumbers $1.00
- Hearts of Palm $5.98 (this is our main!)
- Marinara (tomatoes, salt only) 2 cans $4.58
- Kidney beans .99
- Cannellini beans .79
- Diced tomatoes $1.99
- Tuna 2 cans $2.98
- Pears $3.04
- Pineapple $2.50
- Grapefruit .99
- Mangos $1.98
- Apples $2.99
(we still have a bag of cuties in the fridge)
- Oats .26
- Jasmine Rice $2.76
- GF tortillas $5.99
- Olive oil $6.99
- Canola oil $2.49
- Almond Milk $2.69
- Plain Yogurt $3.29
- Cheddar $4.01
- Hummus $3.29
- Cereal for my husband $2.99
we still have granola for F in the pantry
- Bread for my husband $2.49
we still have our bread in the fridge
- Chocolate Chips $1.99
- Eggs 3.69
- Ricotta $2.99
- Ground Turkey $5.59 (also our main)
- Tilapia $7.44 (another main)
The big plan last year was to delay some of my billings so that I'd have enough money in my business to start the year off with a significant amount of money. The goal is to be able to take some time to Think BIG and figure out where my life/career/business is heading.
There are lots of possibilities, but also lots of moving pieces.
1. I delayed enough billing that I've essentially made all of the money I need to for 2019. That is GREAT! And sort of bad, because I will make more, and will need to figure out where it goes (SEP? yes. Higher pay? probably not). Now I have more things to think about and arrange. A good problem to have, I know.
2. We have always said we might move back to Europe; this was always in the future, but next year F will be in 9th grade, so that's now in the 5 year plan! Need to think about career here AND there.
3. We may want to add a portal (that is New Mexican for covered outdoor area!) on to the front of our house and outside F's bedroom. I will need to figure out a budget, do plans, get a permit, find a builder, cost everything, figure out how much of it I can do).
4. Some of the Thinking Big may involve some classes and certifications. I need to get going on this! BUT I still have a ton of work! I just said no to a project; saying no is hard, but it felt so good! I need to free up time. Probably mid-January things should (better!) quiet down.
Anyway, this is all good, and I am thankful for the privilege.
Have you gone through the process of making career adjustments or changes? Any books you recommend? Or did you hire a career coach? Or...?