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Archive for April, 2014

Net Worth 4-30-14

April 30th, 2014 at 03:01 pm

Oh, a milestone reached! If I cashed in my traditional IRAs allowing 20% to be withheld, cashed in my Roth, and used my available cash....I could pay off my mortgage and have $5,242.02 left! Of course, I'd have to save as much as I could to pay the big tax bill that was looming on the horizon, but I'd be debt free, baby!

I have no intention of doing this, it's just a cool milestone. Smile

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


Redeemed Discover Bonus

April 25th, 2014 at 01:46 pm

My Discover statement closed today, and I had used the card enough to redeem my $150 bonus. So, I applied an extra $150 to my mortgage principal, and should receive a direct deposit from Discover within 72 hours. Smile They will only redeem in increments of $50, but I had $158.04 in rewards. They will just have to sit there waiting for a good 5% bonus category. Otherwise, I won't be using Discover.

Now I am on the lookout for my next bonus offer.

So far in 2014, I have redeemed $328.11 in credit card rewards and applied every last cent to mortgage principal. I wonder if I can make it to 1k this year? I would need some more sweet bonus offers to make that happen, so we will just have to see.

Annual Impound Account Analysis

April 21st, 2014 at 07:10 pm

My lender has conducted their annual analysis, and the news is good. I have in my hand a check for $146.72, which I will apply to my mortgage balance tomorrow. And beginning June 1, my PITI payment is decreasing from $1111.38 to $1080.64. I will continue to pay $1130 and enjoy a bit more going towards principal.

This is due primarily to my new homeowner's insurance policy being cheaper than my last one. Shopping your insurance provider pays. Smile

Still Alive and Kicking

April 16th, 2014 at 08:49 am

I haven't been blogging much these past several months, but now that April 15th is behind us, my life is getting back to normal.

My income taxes are all paid. I sent off $1,200 to my Roth yesterday, and $1,533 to my Simple (employer matching). So, I am looking forward to those contributions hitting my accounts. I am getting close to hitting 200k in retirement savings, which is pretty exciting.

I have decided I want to sell my house and leave this area. I am heading to a climate with high elevation and dry air, which is what my allergy doctor says I need. J will graduate from high school in May 2015, and if the housing market is good, I will list my house at that time. Therefore, I intend to spend the next year sprucing up my house as much as possible.

BF has spent the past two months emptying out his house. It is nearly completely empty now, with just a few pieces of furniture, paintings, etc. for staging purposes. With his realtor's help, he has made a list of things which should be updated/replaced, and has signed an agreement with a contractor. The work has already begun. The house will be listed as soon as the contractor is finished. The appraiser has already been out, and his report estimates the value of the home at 816k. The market is very hot in the area, and BF is hoping there will be enough interest that buyers will try to outbid each other.

Do you recall that I lent BF 6k a few years ago? He had a small mortgage and was on the verge of foreclosure. He sold a car, some jewelry, emptied out his last investment account, and was still a bit short to pay the mortgage in full. I lent him the last 6k. When his house sells, I will be getting my money back.

We have talked off and on about living together. At one point, I was all for it. But now, I am uncertain if it is really what I want to do. He says when the house sells, he intends to quit his job and move down here with me. I have warned him that the job market in my city is very different than the job market in the greater Sacramento area. He laughed and said oh yes, he realizes that.

Mr and Mrs M180 plan to move back to Colorado late this summer. So, it will be back to just J and I in my little house, and possibly BF.


Mortgage Chips To Date

April 6th, 2014 at 02:15 pm

My mortgage payment has posted, bringing my balance down to $174,169.50.

Chips this month:
WF Visa $25.00
budgeted extra $18.62
CC rewards $16.05
HauserNet $5.25

Total chips this month: $64.92

Chips to date: $705.99

Interest savings this month: $2.40

Interest savings to date: $13.90

Eventually, the interest savings on the chips I have already made will compound to $1,649.42, provided I own this house until the mortgage is paid in full.

March 2014 Net Worth

April 2nd, 2014 at 04:54 pm

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