Friday, September 4, 2015

September Budget

We might bite the bullet and get Eli a new car seat this month... He was already 26 inches at his last doctors appointment and his pediatrician thinks he **may** make it to 6 months in his infant seat, but its a stretch if he keeps up his growing patterns. Since he won't weigh enough for a booster model, we have to buy a converter so I'm really glad we didn't spend anything on his infant car seat (a hand me down from friends so all were out is the base that we picked up with gift cards from the baby shower)

Since we have an older model car seat at my mom's house (another freebie from friends) we will either trade that one in for a discount this month at Babies R Us, or buy one offline from Kohls with a 15% coupon if they let us since we'll get some kohl's cash out of the deal that we can use for some new pants for me (all that fits are yoga pants since I had to stop trying to loose weight-- my milk supply was suffering)... so that may happen this month with the profit share check (I'm so glad we keep that for one time expenditures throughout the year!)

Then we can sell the infant car seat and bases and stroller (its too bulky to carry up and down our front stairs to use so we plan to just get a smaller collapsible one) on-line to hopefully re-coup the cost of the converter (which will work for an infant if we have another baby), because we hope to get 2 of them since we both pick and drop Eli off at the "nanny's" house.
September Budget: 

Regular Spending:
  • Mortgage (P&I, Property taxes)    $792.01
    • Extra Principle: $69.00
    • Last Months Leftovers: $367.29
    • Last Months Overtime: $73.97 + $64.83
  • Giving     $600
  • Fast Offering     $20.00 
  • Groceries: $315.64
  • Eating Out: $100.00  
  • Pocket Money for the month-     $80.00 ($40 each) 
  • Cell phones: $75.00  
  • HOA     $325.00 
  • Utility Bills      $150.00 
  • Gasoline/Auto     $250.00  
  • Discretionary Spending     $100.00
  • Diapers and wipes: $118
  • Daycare: $880.00
Regular Savings:
  • Roxy Fund     $50.00 (Goal $1,000)
  • Prescriptions & Doctors visits     $50.00 
    • Should hit $1k this month. Extra diverted to Roxy Fund to hit $1k goal.
  • Birthday savings     $50.00 
  • Insurance     $155.00
  • Christmas savings     $50.00 
  • Vacation Savings     $100.00 (Goal $1,500)
  • Car Emergency Fund     $100.00 
  • Car Registration Fund     $25.00 
  • Clothes: $50.00

Wednesday, September 2, 2015

August Spending

I'm proud of our August budget. We only spent $50 on eating out and only had a small number of items in our "other" category! We had to spend a ton on Eli this month because we needed to stock the daycare house with formula, wipes, and other items for his stay on top of re-stocking our home up. (We weren't going to pass up a $20 gift card for buying $50 worth of diapers) so we expect to spend less in September for sure since we probably won't need diapers this month. Since we seem to have a cheap month and then an expensive baby month, I think we will roll over any unused baby funds to the next month so we can take advantage of sweet deals like the diaper one without having to cut other expenses down.

Our eating our was so low because we have one "date" and it wasn't a date at that. I picked up Inn-in out on the way home from work. The rest was SCB getting fast food on Saturdays when he watched Eli and ran errands when I work. September should be higher since my mom will finally watch him for a few hours at our place on labor day so we can have a break. We used to get a break once a month when my sister would come and pick him up for a few hours, but then she showed up drunk at my home randomly after getting in a fight with my mom one night and I had to sober her up while she called me names and tried to hold my son....  so we haven't let her watch him since at her place which means we haven't had any alone time in 2 months. I kind of had to beg my mom but she agreed to watch him for a few hours and we are looking forward to it immensely  

August 2015 Spending:

  • Tithe: $650
  • Housing:
    • Mortgage: $2,515.18
    • HOA: $325.00
  • Internet: $52.99
  • Cell Phones: $45.00
  • Electricity: $121.73
  • Groceries: $319.05
  • Cars:
    • Gasoline: $163.36
    • Car repairs: $305.75
    • Carpooling: $14.92
  • Eating Out/date nights: $50.55
  • Clothes: (trying to only by necessities)
    • SCG: $67.76 (undergarments that fit...)
    • $30.62 (Undergarments)
  • Medical
    • Medela Symphony Pump: $350.00
    • Vitamins: $12.25
  • Baby: $221.13 (Had to stock up for the daycare house too. Diapers, wipes, formula, burb clothes, storage box, additional cheap $1 bottles from Walmart, milk storage bags, pump membranes, binkies, etc.)
  • Daycare: $550.00
  • Gifts:
    • Baby Shower: $40.00
  • Pocket Money: $80 ($40 each)
    • Safety Pins: $2.47
    • Bankers Boxes: $18.23
    • Salt & Pepper Shaker Set: $5.00
    • Soda: $7.12
    • Costco Renewal: $55.00
    • Bridesmaid Dress: $129.55

2015 Spending
  • Tithe: $6,372.00
  • Electricity: $521.56
  • Internet: $391.25
  • Cell Phones: $545.11
  • Housing:
    • Mortgage: $11,653.13
    • HOA: $2,420.00
  • Groceries: $2,857.61
  • Automobiles:
    • Gasoline: $1,048.27
    • Car Repairs: $792.17
    • DMV Renewal: $99.00 
    • License Renewal Fees: $66.00
    • Insurance: $681.66
    • Carpooling: $39.11
  • Eating Out: $965.82
  • Fun Money: $640.00 ($40 each a month) 
  • Clothes- SCG: $468.44
  • Clothes- SCB: $375.13
  • Doctors/Hospitals/Etc
    • Baby Prep Classes: $100
    • Shot at Walgreens for SCB: $19.70 
    • Food @ Hospital: $57.53
    • Hospital Photos: $44.16
    • Prescriptions + Vitamins: $186.79
    • Dr. Visit: $45.00
    • Hospital Pump Rental: $87.40
    • Hospital Pump Purchase: $350.00
  • Baby:
    • $214.43 (6 Nursing bras, Changing pad cover, diapers, wipes, bottles, petroleum jelly, gauze pads, stuffed animal, activity mat, onsies/clothes, bottle supplies.)
    • $180.74 (Bottles, bottle supplies, nursing bras, bulk wipes, clothes, etc)
    • $118.00 (Diapers, Formula, Swaddles, etc). 
    • $221.13 (Stock up for the daycare house too. Diapers, wipes, formula, burb clothes, storage box, additional cheap $1 bottles from Walmart, milk storage bags, pump membranes, binkies, etc.)
    • Daycare: $550.00
  • Roxy:
    • Flea/Heart-worm meds: $258.92
    • Shots: $18.00
    • New Leash $23.10 + $14.44
    • Kibble and treats: $39.86
    • License: $27.00
    • Grooming: $14.50
  • Valentines Day: $116.66
  • Easter: $89.73
  • Gifts:
    • Squeeze Present: $50.36
    • Push Present: $113.95
    • Flower "Thank yous" for baby shower  $16.17
    • Birthdays: $226.95 
    • Father's Day: $40
    • Baby Shower: $81.50 
    • Anniversary: $63.28
  • Other:
    • House Items
      • New Keys for house, mailboxes and cars... plus key chains: $19.96
      • Office Organizing (File organizer, receipt holder, binder clips, pens, desk drawer containers): $25.05
      • Bar Soap, Batteries, Hygiene items, bed cover, toy hammock, silicone tray: $62.90
      • Wire hooks, Silicon muffin and ice cube trays: $25.63
      • Walmart odds and ends: $161.72
      • Kitchen Items (Silicone baking cups, spreaders, muffin pan, ice cube trays).$55.38
      • Pens/Spatula: $3.08
      • Organizer bins: $36.57
      • Home Depot (Fix changing table): $23.41
      • Church Cannery: $62.50
      • Corner Shelves for Eli's Room $13.55
      • Safety Pins: $2.47
      • Bankers Boxes: $18.23
      • Salt & Pepper Shaker Set: $5.00
    • Computers/Tech/Video Games
      •  Light Switch: $27.71
      • Video Games: $52.60
      • Additional lights for the computer desk $118.96
      • Epic computer case of all computer cases. $204.24
      • New office chair, Camera and memory card, thermometer, and canned air. $287.16
      • WiiU Controler cable: $25.92
      • Radio Shack (parts to convert swing to wall power) $49.11
    • Fitness
      • Fit Bit Covers and WiiU fit meter: $32.74
      •  Dietbet: $115.77
    • Vending Machines and soda during baby classes: $17.32
    • Soda Overages: $40.03
    • Tax Prep $61.98
    • CED lights for my moms house: $10.40
    • Car charger for pump, pony toy, and lego bag: $25.88
    • Toys for my husband; Lego sets, ponies, etc. $98.84
    • Road Runner store membership -- $24.99
    • Hospital Prep Items. $167.01
    • Hair Cuts $66.00
    • DVD: $8.62
    • Photo Shoot Pictures: $150.00
    • Movie Tickets: $18.35
    • Shutterfly: $199.88
    • Canvas Pictures: $209.47
    • Screws: $4.52
    • Toilet Parts: $20.36
    • Light Switch Plate: $3.97
    • Slow Cooker: $43.19
    • Computer Paper + Book: $ 6.21
    • Amazon: $29.41
    • 1 Up Box Renewal: $60.23
    • Costco Renewal: $55.00
    • Bridesmaid Dress: $129.55

Wednesday, August 19, 2015

3rd times the charm

My old old old Roth IRA is finally moving to vanguard...

I've been trying to do that for three years now and its finally done!

Now to work on our next issue....

Wills and Living Trusts....

 and choosing someone to take care of our son should something bad happen....

Any good tips?

Monday, August 17, 2015

How my first week went

Last Thursday was my first day back to work after over 4 months at home with our sweet little guy. I didn't cry, but oh man.

First, his sitter was sick and I had to find other arrangements just the day before. Thankfully one of my friends is a stay at home mom who used to work exclusively with infants for some high end daycare place.... so we paid her to watch him for the day. I got photo and video updates, he got a baby massage and did arts and crafts ( I'm now the proud owner of a baby clay footprint!)... So everything was going great until that evening.

Between working, driving home and picking him up, pumping, a quick 30 min at home workout DVD and a quick shower I maybe got to hold him for 15 mins because I had to start my evening pump and SCB had to put him to bed... (Notice dinner wasn't even listed there, lol).

Not getting to hold him that much made the next day dropping him off with his real sitter so much harder... But the pictures she sent me on my pump breaks helped and that night after work I played with him while I pumped so hubs could get a shower and I could get more time with him.

Unfortunately, Saturday's are just going to stink. I don't get home till 7:30 at night and its too close to his bedtime to play....

Well figure out a system but I think Mondays will be my favorite day of the week because I'll get him all to myself.

Thursday, August 13, 2015

Purchased a breast pump

I love to play with the pump cable!
As most of you know, we have been renting a hospital grade pump for $43.70 a month and I go back to work this week... (actually I go back to work today)...

I did the math and it will cost us $349.60 to rent the pump to get to Eli's first birthday and we will have nothing to show for it because we are in fact renting a pump.

After doing some research on the pump I was renting (a medela symphony), I found out how I could check the amount of hours a pump has been used. The rental pump currently has around 1040 hours on it. This specific pump is a closed system pump (so its safe for multiple users) and is recommended for daily pumping... and get this, it doesn't need to be serviced until it hits 6,000 hours.

I didn't blog about it, but 2 months ago, SCB and I tried out a medela pump in style I had got second hand from a mom group on facebook (we used money from the cash box so I didn't record the spending on our blog, but we purchased it for $50). We replaced all the parts, disinfected the unit and I attempted to use it. While it was better than the free pump my insurance gave me, it wasn't allowing me to fully empty and it wasn't very comfortable to my sore "ladies" who had attempted to feed our little man directly and were a bit inflamed.... That's when I had a second lactation visit and got the hospital pump and saw and heard the difference from the wonderful machine, the medela symphony.

I hate renting though, even though I know I'm not throwing money away (cause I get milk to give my boy), I just don't like the idea of spending $350 and not having anything to show for it...

There were a few hospital pumps listed on E-bay for bids starting at $600 and a few had a "make an offer" option... so I tried offering $350 on a couple that had low hours but they were instantly denied... no harm no foul...

As I kept looking, I found one pump with 1700 hours on it listed for $479 from a medical supply company that also had a "make an offer" button... I typed in $350 (with free shipping) and after a day of waiting the offer was accepted. It comes next week on the 17th...  just in time for me to have my rental picked up before the 24th so I'm not billed for another month! Since its from a medical supply company, it even comes with a limited warranty.

So for $0.40 more I will own an amazing pump that I know how to use and actually like... and I should be able to sell it down the line if we don't have a second baby to recoup some of our costs... and if I last longer than a year pumping, well have saved some money!

We're taking this cash out of the profit share check to pay for it and i'll be trying to re-sell the pump I bought along with some other accessories I don't need (I have a ton of shields in different sizes because we couldn't figure out what worked best with my sore "ladies" early on.) but i feel much better lugging a paid for pump to and from work than a rental that would cost us $900 if we broke it.

Brand new, this pump is $1,200 - $1,500

Tuesday, August 11, 2015

Mortgage Update Aug 15

Principle paid down: $358.96
Interest: $311.00
Additional Principle: $1,723.17
New Balance: $98,815.10

The pay off date is July2032. March 2032.

We just knocked off almost 5 months (March is like a $20 payment) by paying extra this month!

This also brings us closer to our 5 year goal of moving and having $150,000 of equity when we sell. Right now if we assume our place is worth $220k and we pay 6% closing costs, well have $130,911.63 in 5 years. Only $19,088.37 to go and 59 months to do it!

Getting the Keys...

It took me $7,057.08 to get the keys to my condo and then I spent another $17,672.29 to remodel and repair it... In short, I was -$24,729.37 in the hole on day one...
  • In 2009 I got the First Time Home buyer's Credit giving us $8,000.00. I also got to write off some of the property tax I paid in addition to taking the standard deduction. This gave us an extra $90.10... but then I had to pay an Electrician $95.00 to fix an outlet... We also got a refund from my botched tile job that gave us another $1,265.00.
  • In 2010 I saved $1,087.00 on my federal taxes and $461.00 on my State taxes from itemizing my homeowners expenses. (This is what I received ABOVE what I would have gotten back with just the standard deduction).
  • In 2011 I spent $12.97 at home depot and $72.29 on a kitchen door. When we subtract those costs from what we saved by living in our condo instead of renting, we came out ahead $494.04 (See Mortgage Update + Condo Costs December '11 for that break down.) We also received a small $70 refund check from over paid closing costs. We didn't Itemize our taxes in 2011.
  • In 2012 we finished our Kitchen/Laundry door which cost us $103.24.. We also replaced both our glass slider doors which cost us $2,957.00... and repaired our dryer for $81.42....It ended up being $3,383.47 cheaper to OWN our condo than to rent an apartment on a monthly basis, (See Housing Costs 2012 for the break down) so even after we subtract the windows and other minor repairs, we still came out ahead $241.81 by owning our condo instead of renting...
  • In 2013 we got $52.53 back from challenging my property taxes in 2012. I also refinanced our condo, costing us $447.00 up front for our home appraisal... but we got a check back at closing for $747.20 and a check from my old escrow account for $489.74... We also got to skip a mortgage payment too! In addition, they automatically lowered my property tax value, giving us a check for $86.77.. and we saved $5,191.81 by NOT renting a place (see Housing Comps 2013)!! Additionally we ITEMIZED our taxes in 2013, saving $702.45 on a federal taxes and $503.74 on our State Taxes. (This is what we would have owed had we not had our property to write off).
  • In 2014 we did a few home repairs totaling $976.00... but even with those factored in, we still saved $3,119.04 living here instead of renting an apartment. We also saved an additional $377 by itemizing and writing off our property taxes and interests.
All of that "math" leaves us $2,292.14 in the hole. If we assume our home is worth at least what we paid for it ($120k), we have $21,184.90 in equity...

Leaving us a profit of $18,892.76 after 5 yrs & 10 months!

For 2015, we will again assume our monthly mortgage payments are going to be a wash since it's cheaper to OWN our home then to RENT an apartment. (Check out Housing Comps 2015 for how we figured that one out). So far in 2015 we spent $14,073.13 to live in our condo (including all the extra principal payments), instead of $13,904.00 to live in the apartment. This may be the first year we pay more for our condo than apartment, but I think by years end it will even out.
  • Mortgage: $11,6536.13 (P&I, property taxes, additional mortgage principle)
  • HOA: $2,420.00
 Currently we have a net loss of: $169.13

Friday, August 7, 2015

Still trying to roll over my Roth IRA

This is the third time i'm sending in paperwork...

First Capital One 360 wouldn't take it because my phone number was handwritten on the form...

Then Vanguard calls me to tell me they need a statement along with the paperwork...

Who would have thought it would take so much time and effort to move an account?

Lets hope the 3rd times the charm!