Monday, October 3, 2016

October Goals

I love October.  I love pumpkins, crisp mornings, harvesting the last of my garden and Halloween among everything else in October.  We cleaned out the last squash and pumpkins from our garden today.  Lil G and I also dug more potatoes today.  Punk and G painted their first pumpkin.  I roasted pumpkin seeds for the first time this year.  We had a nice fall day.

For October goals:
1.  Buy $7000 of stocks
2.  Deposit $1000 in the 529 plans I opened last month
3.  Deposit $1000 into house savings
4.  Track all spending

 It will be a challenging month but I'm up for it.  On top of this, this might be my best production month ever professionally.

What do you love about October?

Wednesday, September 28, 2016

Tentative Game Plan

Y and I have been talking lately about some goals for the future.  I put think that I would like to change positions in about three years.  My current position pays very well.  It is high intensity most of the time.  It is sales and execution.  I'm very good at it but it comes at a price.  I would like to change to a lower stress role but at the same time I know I will miss the money and power that I have with my current position.  Obviously, you can tell that I'm leaning toward leaving but have mixed emotions.

Anyway on the financial front, I want to have my ducks in a row.  Y and I have talked about attempting to pay off our mortgage.  We currently owe about $191,000.  It will be a stretch to pay it off in 3 years.

One of the reasons we want to do this is to reduce our monthly required cash flow.  However, the bigger reason we want to is because we don't like owing anybody.  We want to own our stuff, not the bank.

The analytical part of knows that it makes more sense to save and invest our money.  Our mortgage is at 3.375%.  I'm sure we could beat that in the market.

I'm not really sure what to do.  Maybe we will save the money and pay it off later.  I'm torn on what to do.  I do know that I want to have options so we need to either save or pay down.

Thursday, September 15, 2016

Savings Update

I'm rocking my savings goals for the year.  My big fat goal was to save $50,000 this year.  It didn't look like I would make it the first six months of the year but things are perking up.  This month we saved $9523, bringing the total for the year to $37,559.  This quarter has been fantastic financially, not so much for work life balance.

In July, I put new goals that helped motivate me to save.

  1. Increase saving to $10,000--check
  2. Y's Roth $5500--money is saved.  I just need to make sure we are under the income limit before actually putting it in the account but it's set aside
  3. My Roth IRA--money is saved as of today
  4.  Save $10,000 to finish basement--$3000 saved so far
  5. Save $10,000 to buy stocks--$3000 saved as of today.  I'm thinking I will buy either Walmart or Target, not sure which.  
The elephant in the room is that I've been stressed this quarter to get to this point.  I was talking to my best friend and she pushed me to ask for more professional support.  The next day I asked one of my bosses for more hours with an assistant.  She readily concurred and told me to ask for whatever need.  

I like my job but I don't like the stress.  Is it possible to be challenged, make a lot of money and have very little stress?  If so, at what job?

Tuesday, August 30, 2016

Car Fund Goal

One of my goals for the year of as to save $6000 in my car fund.  As of this week, we've met that goal.  I made a large deposit when I received my work expense reimbursement.  The account now sits at $6057.  I need to keep saving because I'm going to need a new car sooner than later and I would like to be done with financing.

Thursday, August 25, 2016

To College Save or Not

Thus far, I haven't saved any money for my kids' college education.  I have not because I don't want to save in a 529 plan and then my kids not go to college.  This is a real fear of mine.  Oh yeah, Y doesn't want to pay for college but I do.  He thinks that kids who are handed college don't try or focus as hard.  I paid my own way through college and graduated in 4 years.  I have no idea what I would have done if I would have had help or any parental pressure.

I have thought about starting a 529 plan for my kids.  If neither one goes to college, we would have to pay income tax on the gain which would not be a big deal because we would pay that on a regular investment.  We would also have to pay a 10% penalty.  This is the biggest risk.

Would you start saving for college if you were me?

Thursday, August 18, 2016

Pulled the Trigger

I pulled the trigger today and hired a house cleaner.  It's actually a friend of mine.  I knew that she cleaned a commercial building but I asked her this week if she cleans houses also.  She said she does and offered to give me a reference.  I talked it over with Y and we decided to go for it.  I'm paying her $20 per hour cash.  I don't know how long it will take her so we will see.  She will come over every other week.  I'm so excited.  It does feel odd that somebody will be in my space and cleaning but I look forward to coming home to a spotless house tomorrow.

Sunday, August 7, 2016

Menu Plan

My kids are starting to request specific menu items which I love.  Punk requested my mashed potatoes with gravy.  She specified that I must make the gravy.  Today Lil G requested I makes "doodles" when I was talking about what to make so I will make noodles this week.

Monday--beef stroganoff
Tuesday--pork ribs in the crock pot with corn on the cob and rice
Wednesday--mini meatloaf with mashed potatoes and gravy with salad
Friday--BLT's with tomatoes from our garden with side

We had a very busy week last week with Bible School every evening for Punk.  I had a work event on Wednesday and Y had a work picnic on Thursday.  We went camping this weeknd with friends.  It was so fun but another tiring weekend.

We are doing awesome with our savings goals. I will do another post about that.

Have a great week!!