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Archive for January, 2019

Happy Friday!

January 18th, 2019 at 10:17 am

Happy Friday Bloggers! Hope weather is being kind to you. And, if not, I hope you are safe and snugged up some place warm.

Today is a beautiful day in Florida and I have taken the opportunity to assess the flower beds. Many plants need to be trimmed back and some did not make it through the last cold snap. Yes, we get frost (& sometimes snow) where I live.

But the warmer weather makes me think of spring cleaning and getting the house in order. I need to go through what I have. My parents died in the recent years, first my dad and then my mom, and I kept some of their things. At the time I could not part with some of their possessions. But, to be honest with you and myself, the things I kept are just things. They sit in a pile and aren't being used. Someone who could use them may appreciate the rocking chair, the wall hangings, etc. I am working on letting go. I have watched Marie Kondo on Netflix. If I was honest with myself, my parent items rarely spark or bring me joy. So, this is my spring project!

Financially, we continue to be in good shape. Pay checks come in, bills get paid. We live on last month's income. The credit card bill is higher than usual having put some of the new car down payment and the extended warranty on it. I have a play to pay the card off in full by the due date.

The extraordinary car related expenses were charged to the credit card for the points. Credit card points pay for our vacation air fare. Hotel points from work travel pays for the lodging. So, when we travel, we only really need to pay for food, activities and souvenirs. I really am fortunate.

If I can figure it out, I plan to add to the side bar, the titles of books I am reading (& the amount I save by borrowing from the library). Thanks CB for the inspiration!

Sorry this isn't too financially related. Enjoy the rest of your day!

January 9th

January 9th, 2019 at 02:48 pm

And all is alright in my tiny corner of the world.

There is general peace and calm in the house. I was expected meltdowns as the kids returned to school after a long break. For them, and for me, early morning wake ups have been tough, but we are surviving.

My son has "matured" and is now showering every morning. This is a vast change/improvement from a month ago when I would be "when did you last shower/go shower" campaign each night. With boy showering in the morning, there are now three of us via for water pressure and hot water. Most days, I am in the shower by 5:10am and my daughter follows at 5:25am. If I am still showering, water pressure drops.

I write all this because now that four people are showering daily, I am scared of the water bill. But I guess I should just chalk it up to 2019 price increases. Everywhere I have been so far, there are nice little signs saying service prices have increased effective January 1st.

Prices go up, the expense column in the budget gets adjusted and less money gets saved. I should be happy that there is still some positive in the bottom line. I did qualify for a merit increase at work, albeit is somewhat small at 2.3%. And yes, compared to others, 2.3% salary increase is good. And yes, I'd rather have 2.3% increase on my salary than others. But, somehow, the increase never seems to get too much greater than the increase in expenses.


The other day riding home from work, I caught an interview on talk radio. It was with Dean Graziosi, author of Millionaire Success Habits. The tips discussed sound like the usual - don't have a greater life style than your income, don't go in debt, etc. But perhaps it is presented in a different way. I may borrow a copy from the library. (Would that tip be in the book? Borrow, instead of buy?) Has anyone else heard of this book? Any review to share?

Well, the house is quiet as the kids are at CCD tonight. I'm going to end now so I can enjoy a little light reading.

Best....

Dec 31 2018 wrapped up

January 1st, 2019 at 10:31 am

Does anyone else do a personal balance sheet? Last year (yes, 2018), I started to do one quarterly. It looks great when you don't add on debts and the market is up.

But the market is down compared to the prior quarter end and we made an expensive purchase late yesterday. This past week, we noticed that our 2008 Honda Odyssey (with over 200K miles) developed a strange sound and started having a burning smell. We took it to the mechanic and the diagnosis was not good. Front right axle and and transmission were "going." So, after discussion of "do we put more $ into the car, or do we buy another car", we called my husband's friend, the GM at a local Honda dealership, and went and bought a car. Yes, we bought a new Honda Odyssey. That's right, not a "new to us" car but a new new car. Based on incentives offered, and a friends/family discount, the new Odyssey was only $1200 more than the best priced, low mileage used Odyssey on the lot. Yes, we could have gone with an older model with more miles but we keep cars to they die....

Next came the debate of finance or pay cash. I opted for a short term low interest rate loan because my credit union is paying better on savings than the cost of borrowing. So, now we have a car payment. It fits our cash flow but I'll be anxious to through more at the payment in order to pay off the loan sooner than later. I will definitely want the debt gone before I retire in 2021.

So, market has been volatile and we now have a consumer debt in addition to our mortgage. December 31 balance sheet is still good but not as good as past quarters. My net worth is still better than I thought it would ever be. I just need to relax, be diligent in paying down debt, mindful of future expenses and enjoy the new car smell while the mini-van has it.

One day, I'll work on an income statement....