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Archive for July, 2018

News and notes

July 9th, 2018 at 12:28 pm

I'm having an annoyingly slow day at work where no one is giving me the info or go-ahead on several projects, so I'm more or less twiddling my thumbs. Probably if I start blogging, work will come in -- that's how it works sometimes! Smile Let's see how many random updates I can get through before that happens.

We got back from our first Va. trip on Thursday. It was a mini-family reunion and went very well, but we're happy to be home. Suburban Va. is just not our thing.

Every kind of spending money is in the hole now: each of our personal spending budgets, the shared spending, and we overspent our vacation savings on the Va. trip. Despite lame attempts at frugality it ended up costing us about $200 per day, not including the plane tickets. (We still have more than enough in our reno savings to cover the hole if necessary; I'd just rather not dip into it again.)

However, AS seems to be close to locking in that big freelance job! Rather than counting on a full $32K, we've decided to log it incrementally, since she'll be allowed to invoice and get paid weekly. That way if it ends early or anything else happens, we won't have budgeted with that big number in mind.

One of the reasons spending funds are so in the red is that June was a thin month for paychecks and we haven't received any yet in July. So once money starts rolling in we'll at least chip away at the big hole.

AS has started 2 weeks of jury duty and already got called for a case! It's very interesting to me but I know inconvenient, so I'm hoping for her sake that she gets released early.

NT is having great fun building connections with his hat business but is still a couple grand in the hole. It's one of those things that could take off or just end up being a hobby (hopefully a break-even one eventually). Only time will tell, but as long as he's enjoying it and it doesn't end up costing us tons of money, it's worth pursuing.

We enrolled the kids in a new swim school that's not easily accessible on the bus so we have to rent a carshare every Sunday. But they've already progressed leaps and bounds in just a couple of sessions, so the additional cost is kind of worth it!

AS has been pushing me to try to start a joint novel-writing project with a friend who lives in New York, so I'm finally reaching out and getting started on that. I'm excited that this may kickstart my writing outside of my usual November NaNoWriMo thing! I typically don't do any fiction writing the rest of the year, but I'd like to.

The kids are waitlisted for an in-school after-school program for next year, and if it doesn't go through, SL will go to daycare for another year and AA will just come home on the bus. She'll be in third grade and extremely conscientious about safety and rules, so if she's alone for an hour or two it'll be no big deal. Either way -- both in after-school at the elementary, or one doing after-school at our daycare -- our childcare costs should go down significantly during the school year, to $500-$650 per month! It's not been lower than $900 for several years.

My friend-making attempts with one woman may have failed -- I've decided to let her make the next move if she's interested, because I really can't tell -- and a couple others have stalled, but I have some alumni events coming up this summer that should be fun. And I'll be seeing my Canadian pal in person in August, so I'm really hoping we continue to hit it off.

The weather had been rather crappy most of the summer, but it's been wonderful since we got back from Va. However, I haven't been able to get myself back into the night walks I did frequently the past two summers. Hoping to kick-start that soon -- I've barely seen the lake that's only a half mile from our house! Plus my weight has plateaued about 7 lbs. higher than I want it.

Oh, I just thought of something regarding the shared spending deficit! We have an extra paycheck coming in October, so if we can manage to get the deficit to under $2K, I shall budget out through October so we can wipe the deficit out with that paycheck. (I have the annual budget worked out on a separate spreadsheet with one tab per month, and I usually paste into our regular spreadsheet one month ahead, so I've got August in there right now. But the way I have it structured there's nothing to stop me budgeting two or more months ahead.) That would be a weight off. But it would feel like a waste somehow to do the budget through October now and only cut the deficit in half vs. eliminate it, so I'm going to wait on that.

July 2018 debt payments

July 5th, 2018 at 02:37 pm

All our mortgage payments hit:
US: $724 to principal
UK1: $182
UK2: $39
UK3: $40
All told, $985 of debt was paid.

Current debt totals:
US Mortgage $386,825
Loan from friends (duplex) $9,000
UK Mortgage 1 $32,306
UK Mortgage 2 $6,810
UK Mortgage 3 $7,171
---
TOTAL DEBT $442,112

June 2018 net worth update

July 5th, 2018 at 02:10 pm

Assets:
NT's UK pensions:
AV: 17,967 pounds ($22,459)
SW: 26,544 pounds ($33,180)
FL: 6,462 pounds ($8,078)
NT's 401(k): $64,859
NT's Roth IRA: $28,363
AS's trad. IRA: $19,113
AS's Roth IRA: $47,581
AS's SEP IRA: $25,285
CJ's 401(k): $129,506
CJ's Roth IRA: $32,353
NT's flat: $212,500 (200,000 pounds value x1.25 -15%)
CJ/NT/AS house: $427,281 ($454,554 value -6%)
---
TOTAL ASSETS: $1,050,558

US Mortgage $387,549
Loan from friends (duplex) $9,000
UK Mortgage 1 $32,488
UK Mortgage 2 $6,849
UK Mortgage 3 $7,211
---
TOTAL DEBT $443,097

Current Estimated Net Worth: $607,461

April 2018 estimate: $607,337

Change in net worth: +$124

Summary: This paltry increase in net worth is due to paying off nearly $1K in debt. Most of our retirement accounts lost a small amount of value this month.

Notes on the numbers above: House value estimates are approximate. (I do have my eye on a comparable listing for the UK flat, but it's been on the market a long time.) UK pension values updated about once a year. UK asset values and debt amounts are calculated figuring $1.25 for every British pound.