I just set up a credit card payment to pay the statement balance in full for the credit card that we use for everyday things. Technically, there's another $150ish set aside for the payment, but I just did the statement balance. The money was set aside in YNAB for current purchases put on the card, so this officially means I'm riding the credit card float. It's strange that this is a big milestone, but I certainly consider it one. This is the first time since early last year when our dog got sick that we've been able to pay a balance in full on this card. The goal is to have the card paid off completely by December (which will also be the one year mark of losing my dog).
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I'm so, so tired. Since I'm out on my trip next week, I've been trying to make it in to the office every day this week. Today was incredibly difficult, but I made it. I'm leaving a bit early for a therapy appointment. Hoping the therapy helps with everything I've been dealing with.
Financially, we're slipping a bit, but mostly holding it together. I need to get a better bill payment system in place. With me being out of it, I've paid 3 bills late so far this month. The money was there. I just forgot. Fortunately, we're in a much better place now thanks to YNAB, so it's not terrible. My 'Idiot Tax' category has been getting some use though.
I've also been trying to get out more to help improve my mood. My friends have a whole October schedule planned. We did apple picking last weekend. This weekend is a local event where they use pumpkins to create these elaborate sculptures and then an afternoon of fall crafts. I opted out of the event because it's almost $30/ticket. I've been wanting to go for years, and DH said it was my call, but that next year would probably be more special with a kid in tow. For fall crafts, we're mostly trying to use what we have on hand. I'm going to host since I have a yard for the dogs, and my friends know that moving is hard, so they offered to come to me. We're going to do Italian night. I'm going to cheat and get the Stouffer's veggie lasagna, one's bringing pasta/meatballs, and of course, garlic bread! I may also pick up a salad even though I can't necessarily eat it. I'm getting better at the veggies, but only if they're hidden.
Edited - Forgot to update intro...Below are our original goals for the remainder of 2018 along with how we're tracking to meet them. As I thought, September was difficult. Hoping to get things back on track through the end of the year for everything except last month's income. Since kiddo is (hopefully) due in April, we plan to have last month's income in place by then.
1) Pay off 2 more credit cards (Ashley Furniture balance: $827, Marriott balance: $2500): On track - Paid $544.01 extra to Marriott (1621.64 remaining) in addition to current charges and interest payments. Paid $180 to Ashley Furniture ($370 remaining).
2) Save 10k in a replacement car fund. (Original balance $50): Slightly behind - I was able to put aside $800ish this month. We'll see how this continues tracking, but the goal will be a new-to-us car with whatever balance we end up with. New balance is $5854.86.
3) Live off last month's income. (Orginal - $2500): Behind - I've decided this goal is lowest on our priorities list. I actually didn't put anything towards this choosing instead to throw as much as we could into the car replacement fund. Current balance is $0.
4) Fulfill fireplace fixing and dining room pantry savings goals ($160): On track - Fireplace account has $480/$800 set aside. Behind - Home Maintenance (where we'll pull the dining room pantry from) currently has $0. We actually added $160, but wiped out the category to get a pressure washer and leaf blower.
I was going to wait a little longer to post this, but since some of my recent purchases can't be explained without it, here goes...I'm pregnant again!
Yesterday was my 12 week checkup, and I'm due next April. (Fingers crossed!) I haven't really let myself be excited about it, and I've had a pretty rough first trimester, so I'm hoping it lets up soon. Since it's been so difficult, I just kind of leaned into it. There was a lot more eating out than normal since I had no energy to cook, and even if I did, the food aversions were so bad that I couldn't actually look at food for more than 5 minutes before getting violently ill. Once I realized how bad it was, I started buying more convenience food to enable my husband and brother take on more of the load, so we could eat out less. Two weeks ago, my mom stepped up big time. She visited and cooked a week's worth of healthy-ish (certainly better than the frozen stuff) meals. She offered to do that for as long as I need. This weekend, my brother is delivering the next set of foods. Since I have really bad veggie aversions, I tried to think of ways to sneak them in to the meals she's making. The menu is fajita mix, spaghetti meat sauce, broccoli cheddar soup, beef stew, and chicken fried rice.
I can't even be in the grocery store for long without gagging, so DH has been making the trips with me. At Costco last weekend, we ended up with several impulse purchases, including a big one. We bought new potholders and a king size blanket (from the Household budget). We also bit the bullet on our last remaining big purchase for the nursey - a recliner. I knew I wanted a recliner, so we could use it in the living room furniture eventually. Costco had one for $350 that was electric and had massaging and heat options, plus a USB port. The ones I had been looking at were around the same price without the bells and whistles.
For other baby planning, my dad and stepmom had already bought our crib last pregnancy. We'd also bought a dresser before losing him. When Toys R' Us had their closing sales, we went ahead and got the infant travel system, high chair, extra infant car seat base, pack n' play, and bassinet. At this point, I think we're mostly set. I don't want a lot of toys, and we're set on clothes. I don't want to heavily stock up on diapers, bottles, etc. because I have no clue what the little one will actually tolerate or take to.
Obviously, this changes financial plans yet again. More to come on that soon.
Today was essentially 4 paydays - my personal account, my contribution to our joint account, DH's paycheck, and a payment from my brother. It's all been appropriately budgeted out.
One thing I haven't yet mentioned is that next month, my brothers and I are going on a road trip. My dad moved from California to the deep South. It's now about a 14 hour drive to see him, so we hope to go down once a year or so. This year, we timed it for my brother's and our stepmom's birthdays.
I've only budgeted $300 to the trip. We're going to drive straight down in one shot, but break the drive into 2 days coming back. I used my rewards CC free night for the hotel. We're staying with family and will mostly just focus on family time, so the $300 is gas, road snacks, hotel parking, and then a trip to the aquarium on the way back home. The trip fund is fully funded. We also have the money for my kitchen pantry set aside, so I'll probably pull the trigger on that soon.
Apparently, my company has 2 financial planners as free resources. They gave a presentation the other day, and I decided to meet with them to get some ideas. They asked me to give them a look at my financial picture, so that they could help me develop a plan. I'm still working out what information I actually want to give them, but it did force me to look at my financial spreadsheet and recalculate debt payoffs based on where I am today and some things that we're anticipating. According to the new calculations and not accounting for raises and bonuses, we should be debt free (except for the mortgage)by the end of the first quarter in 2022. If we push hard and stick to this plan, we may even be able to do it earlier. My 35th birthday is in December 2021. That'd be a pretty nice gift to myself.
I'm trying to cut myself some slack because we have a lot of things we're juggling right now. I currently put aside about $1250 across 5 goals - Marriott CC payoff, Ashley Furniture CC payoff, fireplace fixing, property taxes, and an old loan that I took for my mom that she just completely stopped paying me on. All of these goals minus the old loan were planned to be completed by the end of the year. Rather than rush to live off last month's income, I'm going to use the $1050 freed up from everything else to pay off the Mom loan (there'll be less than $1k left) in January (if I can't find the cash before the end of the year) which would free up the last 200. That extra $1250 will give us breathing room to up my retirement to 10% and still give us at least an extra $500/month snowball. Looking at the next few months, it looks like Last Month's Income will happen first quarter of 2019. We also won't have $10k for a new-to-us car, but we're going to stay within whatever we manage to come up with (it's looking like about $8k). That'll also free up whatever money we'd been saving to that goal - not sure what the number is yet since October will be the first normal pay month we've had in awhile.
It's been so difficult adulting recently. On the one hand, our financial situation is probably the best it's ever been. On the other hand, we still have light years to go, so it feels impossible. To be fair, we are not even remotely gung ho about the debt payoff, so I guess that I can't get upset if I'm not actually willing to commit to the sacrifices.
A random list of financial things:
- I moved our baby emergency fund of $1000 out of our checking account and in to savings. (I used to keep it in checking to ensure that we'd have the $1500 account balance.)
- Our checking account saw over $10k for the first time ever which is huge. It's still sitting up that high, but all of the money is accounted for in various YNAB categories.
- I won't be able to make all of my goals for the rest of the year. I know the living off last month's income will be short, and I'm pretty sure the car will too, but I'm still going to try. We'll just find a car within whatever we do have saved. And DH will have one extra paycheck month by year end which will get us kind of close on the last month's income.
- I set up our credit card payments today and realized that if I found an extra $500ish, I could pay off last month's balance on the Marriott card (our main one) and officially move on to riding the credit card float rather than paying interest.
- I also should have an extra $500 coming in from DH, but that might be better funding ahead rather than allocating it to the credit card.
Below are our original goals for the remainder of 2018 along with how we're tracking to meet them. It's a bit misleading as we received a big influx of money from DH's work payment. In September, we'll only receive one and half paychecks for DH, so things will be tougher.
1) Pay off 2 more credit cards (Ashley Furniture balance: $827, Marriott balance: $2500): On track - Paid $544.01 extra to Marriott in addition to current charges and interest payments. Paid $280 to Ashley Furniture.
2) Save 10k in a replacement car fund. ($50): On track - Right now, YNAB says we're on track since we were able to put aside DH's bonus. I know this will fall behind in coming months, but we'll do our best. New balance is $5064.54.
3) Live off last month's income. ($2500): On track - This will fall behind in September since we won't have 2 full paychecks for DH, but right now, we're ahead. Current balance is 2970.34. We need about $5600.
4) Fulfill fireplace fixing and dining room pantry savings goals ($160): On track - Fireplace account has $320/$800 set aside. Home Maintenance (where we'll pull the dining room pantry from) has just over $100. The pantry I'm looking at runs about $200.
So far, we're doing well. September will be tough, but then I think we'll be able to make some headway again in October when DH's schedule should be back to normal.
I just realized I've been MIA most of August. Things are still chugging along. DH gets back today, and his paycheck will come in tomorrow, so I'll be able to meet all of the goals this month (more to come on that later in the week). I am a little disappointed with myself at the exorbitant amount of eating out that I did ($234.06), but sometimes, life is about survival.
I love payday...mostly because I get to go in and budget it. I finished off the Costco and Marriott CC sinking funds since both come up this month. I also went into the next month and reset the goals for next year. Since I started midway through this year, they were higher than they normally would be.
I've also started putting more things on autopay. As I get more comfortable with YNAB, it's easier to simplify all the bills to pay themselves.
DH's bonus comes in tomorrow. It's a little less than I thought at $5500ish, but still a big help. The goal is for that to go into the car replacement fund, but I think that I'll have to use some of it temporarily to float us until DH's next paycheck. Maybe if I don't fund the sinking funds until his money comes in, I can swing it, but seeing the orange makes me feel like I came up short.
DH's only paycheck this month will come in Friday. It'll be slightly more than normal due to 4 hrs overtime. There will also be an additional per diem payout for some short term out of town work he did before he left.
DH left this morning. I'm a big emotional eater, so skipping fast food breakfast was a big deal. I had made a batch of blueberry overnight oats, but those didn't look appetizing. Instead, I just grabbed a yogurt, nutrigrain bar, and bigger lunch.
I was debating adding money to the animal fund to get our dog groomed, but I decided to just try it myself. She's a GSD/Husky mix, so her fur is getting out of control. I'd bought a cheap grooming kit when I was considering cutting DH's hair. However, he's since decided to just embrace the bald look, so I'm going to use that and give it a shot. That'll save $100 if I can get her to a reasonable state.
I've also planned simpler meals since DH is gone. They're so easy that my brother can pitch in and cook more.
Like the last time that he was gone, I've made a list of small house projects that just never seem to get done to tackle while he's away. Today is furminating all the animals, cutting the dog's nails, and using the hair remover block on the couches/chairs. Other things this week include clearing out all of empty the Amazon boxes from our downstairs closets, organizing some of the house decorations, decluttering the kitchen, and deep cleaning the floors.
It's been up in the air as to whether DH would have to go out of town for 3 weeks again this month, and as of yesterday, it was confirmed. DH leaves on Monday morning to drive to his destination 6 hours away. While there, he won't have to drive and meals are covered. He knows he gets mileage, but we have to check on gas reimbursement. His projected pay for the out of town work will be just over 3k before taxes/deductions to be paid out the week after he returns.
This means, we'll have to do some moving around again this month. Between his one paycheck next week and my two normal paychecks, I think I can cover this month's expenses and next month's mortgage. If we can manage that, then I can use all of that work paycheck when he returns for goals. Our expenses are considerably less when he's away because I keep the temp much higher (75-78 depending on how cold I am), and we eat less/simpler because it's just me and my brother.