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Archive for September, 2013

September 2013 Net Worth

October 1st, 2013 at 02:30 am

Cash is down. Frown
Debt is down. Smile
Investments are up. Smile
Home value is up. Smile




According to Trulia today, my home value is 179k right now! I hope that is true, but I am skeptical. If it were true, I wouldn't be upside down very much (factoring in selling costs, still a bit upside down). But Redfin and Zillow are both up, too. So, the trend is exciting. Once again, I am using the average of the three values in my NW statement.

Final September Mortgage Chip

September 30th, 2013 at 10:59 pm

Today being payday, I did a wallet sweep when I went to do my banking, and deposited $4. It has already been transferred to the mortgage.

That makes 4 little chips for September, for a grand total of $15.12.

In the next week or two, I will have to wipe out CurveBall and dip into Vacation to pay for my security cameras.

My next check from my part-time job will be going to CurveBall, as I begin re-building it yet again. I have billed $200 for the work I did in September.

Beginning in October, my automatic transfer into CurveBall will be $400 (from $375). This was made possible by the cut to my cash allowance (also bumping up Simple IRA contributions a bit with the same cut).

I did much better this past pay period with my cash. I started with $20, paid $15 for a haircut including tip, and had $4 left for the mortgage.

That's My Girl :)

September 28th, 2013 at 06:52 pm

http://www.mrmoneymustache.com/2013/09/28/reader-case-study-...

Contemplation

September 27th, 2013 at 07:56 pm

I've been daydreaming lately, looking at nice little condos in various locations online. I've been calculating the size of my nest egg under different scenarios. The more I contemplate my situation, the more I think that the biggest obstacle to my dreams is my negative home equity.

I've decided to increase my Simple IRA contributions to $250 per month, which is 3k per year. My employer's contribution will be another 1.5k. Together, that is approximately 9% of my annual gross (my gross including overtime and bonus).

I will continue my automatic monthly Roth contribution of $150 per month (1.8k per year), which is a bit more than 3% of my annual gross.

If I were to continue along at that rate until age 65, and assuming I enjoy 5% annual growth, I would end up with enough to live comfortably (though frugally) in my little condo, even with a small mortgage. If I enjoy a return greater than 5%, the picture only gets brighter.

So for now, that is all I will contribute. When I receive my annual overtime, tax season bonus, and Christmas bonus, none of it will go to retirement savings. Instead, I will focus on cash savings and my mortgage. I want to be in a position where I can sell my house whenever I decide the time seems right (without touching retirement savings). I have a long, long way to go to be in that position. So, wish me luck.

I have also recently decided to trim my cash allowance from $60 per pay period to $20. Too much of that money was being spent grabbing a sandwich or a latte. It wasn't good for my bottom line or my waistline. So, I have gotten back in the habit of keeping lunch foods at work.

I received $1.50 from Hausernet yesterday, and have already turned it into a mortgage chip.

My Daughter and SIL On Mr. Money Mustache

September 25th, 2013 at 02:51 am

My daughter and son-in-law are going to be featured on Mr. Money Mustache! Smile

My daughter started reading Mr. Money Mustache a few months ago, and she and SIL decided to make some big changes. She e-mailed MMM just to let him know, he responded and asked if she would be interested in being "interviewed" for a new feature on his blog, "Mustachian 180s". They have exchanged a few emails since.

No word yet on when exactly it will appear.

Isn't that cool? I know there are some MMM fans here on Saving Advice.

NFL Rewards Card Alert

September 22nd, 2013 at 06:24 am

Tonight while I was clicking through my Inbox Dollars emails, I came across an offer for an NFL rewards Visa. The Visa card is offering a $100 bonus if you spend $500 in the first 3 months, plus 1% cash back on purchases (so $105). There is no annual fee. The card is issued by Barclays.

In addition, if you apply through the Inbox Dollars link, Inbox Dollars will pay you $15.

I plan to collect my $120, then cancel the card.

Mortgage Chip

September 19th, 2013 at 10:11 pm

I received $6 from PineCone and have already applied it to my mortgage. I find it so handy to have my mortgage and checking account at the same bank. Smile

Also, I have decided to bump my mortgage payment up by $10 each month. I have already changed my automatic transfer.

Not as exciting as the snowflakes some of you have been accumulating lately, but I am happy to collect whatever flakes the wind blows my way.

I decided not to file the restraining order. This decision upset my mother, and I think she may rescind her offer to pay for the security cameras. If so, that is how it goes. I love her just the same.



August 2013 Budget Report

September 6th, 2013 at 03:40 am