Friday, May 31, 2013

June 2013 Goals

  1. Apply Y's work reimbursement to the tractor
  2. Increase savings to $6500
  3. Pay $2500 on the tractor
  4. File for flex reimbursements for dental appointments
If I get all of those done, I will be a happy camper. Happy June!

Wednesday, May 29, 2013

Rain, Rain, Come Everyday!

Ir has rained here almost everyday for about the last 10 days which has made it a bit dreary. BUT my newly planted garden loves it. I have so many plants sprouting. This is a list of everything planted: squash, watermelons, pumpkins, cantaloupe, cucumbers, asparagus, herbs like cilantro, basil, oregano, and dill, peas, beans, edamame, lettuce, spinach, carrots, turnips, parsnips, radishes, radicchio, garlic, tomatoes, bell and hot peppers, okra, potatoes, corn, beets, ground cherries, tomatillos, Swiss chard, bok Choy, eggplant, cabbage, and lots of onions.

I love garden time. I love cooking with the fresh food and just going outside to get a snack. I wish all of my blogging friends lived close so I could just drop off a garden basket for you all.

Monday, May 27, 2013

2013 Goals Revised

I decided that due to a change in circumstances that I needed to revamp our financial goals.

  • Increase savings to $10,000--currently at $6000
  • Payoff tractor
  • Retirement accounts to $75,000
  • Pay down car to $5000--currently at $8400
These goals are right in line with both Y and my priorities.

Have you revisited your 2013 goals? Did you need to change any?

Friday, May 24, 2013

Spend More to Make More?

This post does not follow any logic that I've ever seen in the PF blogosphere but I think there's truth to it.

My hypothesis: People who spend more make more money because they need to fuel their expensive lifestyle.

I firmly believe this to be true in many cases. Many people who have a ton of toys and an overall expensive lifestyle find a way to make more money. They aren't willing to be satisfied with a small salary. They want to get promoted or will ask for a raise. Many of these people are attracted to professions where they can make a lot of money, often by commissions.

If they were willing to budget and be satisfied on a small salary, they wouldn't have the inner drive to push harder to make more money. I feel that this statement most often goes against PF logic. I think that too much emphasis is put on proper budgeting within your current income and not enough focus is on making more money.

I have most often had commission jobs and some of the people who make the most money are those who have the most extravagant lifestyles. They need to push as hard as they can to pay for their boat, sports car, golf membership, lake house, expensive shopping habit, and who knows what else.

I realize that this doesn't sound very financially responsible and it isn't to a certain degree. What do you think? Think I'm smoking crack with this one? Do you know of someone who falls into this category?

Wednesday, May 22, 2013

Plan for Paying Off the Tractor

I have spending too much time thinking about our tractor debt. We don't have a payment due until next month but I paid $600 to it this month. It brings the balance to about $24,650.

This is my game plan to pay it off.

$7000 from sale of motorcycle--it hasn't been terribly nice here so not many buyers yet

$3000 from remainder of daycare flex money

$2500 paid monthly until November when I go on maternity leave--this will be pushing it but these are my better months for commissions.

We should be paid by the first of the year and the start of double daycare. This is pushing it for us but I honestly do better when I'm super focused and a little uncomfortable.

Monday, May 20, 2013

Student Loan is Paid!!!

After thinking about it all weekend, I logged in this morning and paid off my student loan in full. Yay!!! I'm so grateful that I was able to borrow money to go to college because otherwise I wouldn't have been able to go.

Have a great week!!!

Saturday, May 18, 2013

Happy Gardening Day!!

Gardening is my best hobby and its finally time to plant everything this year. Yesterday I planted onions, garlic, beets, peas, okra, and all the plants I bought; tomatoes, many peppers both sweet and hot, cabbage, and eggplant. Today will be a busy gardening day until it rains this afternoon.

Y plowed up a separate vine garden for cukes, pumpkins, squash, zucchini, and melons. The unfortunate part is that when he was returning the plow to our neighbors house, a piece fell off and they can't find it. We will be replacing it for them. Not quite sure how much that will be. They looked for it for four hours yesterday and couldn't find it.

I'm now 14 weeks along and getting back my energy. I had a Dr appointment this past week and everything is going well. Lil Punk came with me and was able to hear the heartbeat. She thought that was pretty cool.

I've put an effort into stocking up on groceries when they're on sale. I found a deal where soups were only $.98 after a coupon yesterday. I even saved 30 bucks last weekend on a grocery trip. Small progress...

What's on you agenda today? Any gardening?

Thursday, May 16, 2013

No Excuses

This post isn't exclusively about debt but more about life in general. It greatly annoys me when people have excuses for everything that doesn't go their way in life. I have written about it before in this blog but I had a very hard life up until the age where I was able to start making my own decisions. I am estranged from both my parents and one sibling. I am not able to go back to my hometown without hiding out because I get physically sick. It was very rough but I knew I could change my life around by working hard and making good choices in life. I did that and have succeeded.

I did it by not making excuses. I powered through the rough times by knowing that I could do it. I used all resources available to me.

It is said that after Anne Frank was captured by the Nazis and sent to a concentration camp, she was so happy to be outside and hear the birds. That is more than looking at the glass half full. That is the optimism that I want to carry throughout my life.

ETA. I am in no way comparing myself to Anne Frank. I merely admire her and her optimism.

Tuesday, May 14, 2013

What Debt to Pay?

I'm typing this post because I know the logical choice but its not the emotional decision I want to make. I want to devote all of our "extra" resources to paying off our new tractor. Here is a list of our debts. You tell me what you would try to pay off first.

Car 0%, $350 payment, $8400 balance

Student loan 4.5%, $150 payment, about $3000 balance

Tractor 3.75% currently, $587 payment, $25,215 balance. We planned to transfer this to our line of credit but haven't because the rate would be 4.25% with an interest only payment of about $90. Might as well keep the lower interest rate while we can.

If you remember from a few posts back, I was going to try to wipe out most of the student loan in April. I'm on commission and some things were pushed back. Its just how commission works. This is a good month for pay though.

What debt would you pay first?

Thursday, May 9, 2013

Upcoming Daycare Expenses

I am due in November so I approached the director at Lil Punk's daycare to get an estimate on how much we will be paying. We currently pay $475 monthly for Lil Punk at a private daycare center. With the baby and Lil Punk, it will be $1025 monthly for daycare.

I'm sure I could find something cheaper if I was willing to look at home daycares. I am not willing to do that because they always close. Two weeks off in the summer and numerous sick days throughout the year became the norm at the daycare I was at. I ended up taking so much time off on top of sick days for Lil Punk. If I had a work ethic like that, I wouldn't make any money. Sorry that's my rant about home daycares.

How does $1025 for a baby and 4 year old compare to daycare costs in your area? Kids sure aren't cheap but are so worth it.

Sunday, May 5, 2013

New CC

I got a new credit card yesterday and I'm so happy about it. Lil Punk desperately needed new clothes so we went shopping at Kohls. I had contemplated for a long time about getting their credit card because they send out awesome coupons to their cardholders. My mother-in-law has their card and will let me use it anytime. I wanted my own so I would get their coupons in the mail and could shop online.

I applied and was approved for their card. For doing so, I received an extra 30% off their sale prices. This is what we got for $61: 2 pairs of jeans, 1 pair of capris, 2 shorts, 2 packs of socks, headbands, and 4 shirts. Lil Punk is super happy that she has clothes that fit now. Kohls is awesome!

Do you shop at Kohls?