Home > Archive: May, 2020

Archive for May, 2020

5th Wheel Loan Payment #12

May 3rd, 2020 at 11:55 pm

or #7 since the refi.

I haven't done one of these updates in 3 months, and some solid progress has been made in the interim. During the past 3 months, I managed to pay an extra $3,559.95.

The new principal balance is $30,468.52. I have now passed the 1/3 repaid point. Super glad about that!

The last payment date has moved up to 10/3/27; that is 7 years and 5 months to go, assuming no further extra principal payments.

My "5th Wheel Amortization" page has been updated, if you care to take a peak.

April 2020 Budget Report

May 3rd, 2020 at 04:36 pm

Other income included:

$2,045.55 - refund from Citibank from our cancelled Princess cruise. I owed about half of it to my mom. (We do a full reconciliation after a trip. Sometimes I pay initially for her share of things, sometimes she pays for mine. Also, the refund was less than the credits from Princess because I had other charges on the card which do not come out of vacation money.)

$1,200.00 - stimulus

$396.28 - redeemed credit card rewards

$200.00 - short-term loan repayment

$0.02 - checking account interest

You sure don't spend much cash when you are self-isolating. Smile

Mostly as expected. I have not yet looked into switching my own line back to Ting.

Sinking funds were deposited as planned. My total vacation costs ended up being less than I had withdrawn, so the excess of $409.55 went back to travel/vacation. There are no vacations on my horizon at the moment.

The only withdrawal in April was $481 for 5th wheel registration.

Other expenditures for the month. Here is the repayment to my mom as well as a payment to Capital One Savor card for vacation expenses. The rewards have already been redeemed, so I will cancel this card now. (I opened it for the $300 bonus and I am not interested in paying the $95 annual fee for this card.)

The $2 bank fee is for a non-Wells Fargo ATM. I normally get reimbursed for these, but my qualifying balance slipped below 250k so I did not. It was worth it, though. I like to use the ATM at the only bank in my tiny town. Especially right now, since we are all trying to avoid encountering other people.

Ending balance in checking is $2,428.82.

My target ending balance for checking is $1,407.58. The excess will go to extra principal on the 5th wheel loan in May. (In fact, it already has).