I know, I know, what am I doing A) blogging about finances and B) awake? I'm having a hard time getting sleepy even though I'm so exhausted I'm kind of slow-thinking and -moving.
Oh well. SL has just fed and is dozing off, AS is enjoying some Percocet and her iPad, and NT & AA went home hours ago. Hopefully eventually I'll get sleepier.
So meanwhile, I checked in on AS's last student loan payment of the month. It posted, with $61 going to principal. (Only 2 more payments and this particular debt is paid off!) That takes us to $4064 of debt paid, far exceeding the $1998 we were expecting to eke out!
This was a great month for debt. We're now less than $6000 away from our 2012 goal of getting education debt under $40K; less than $15,000 away from our goal to get total debt under $300K this year.
We have a pretty big surplus in the budget for April, but several big expenses, such as the double stroller, taxes/tax preparation. The credit card bill from our hospital stay won't be huge, but we've ordered food in, bought some pumping supplies and rented a car for 24 hours, so it will add up. However, I'm thinking we'll be able to squeeze out $2000 of debt repayment. May through July will be much tighter, so I'm enjoying it while I can!
Uh oh, SL is stirring. She's probably going to be much crankier tonight than last night, and me not napping while I could. Ah well, at least I have the weekend to relearn how to sleep with a newborn, before I head back to work!
Archive for March, 2012
I know, I know, what am I doing A) blogging about finances and B) awake? I'm having a hard time getting sleepy even though I'm so exhausted I'm kind of slow-thinking and -moving.
Hello all! I'm sitting in a hospital again, just over two years from the last time. This time I'm not too out of it to hop online.
AS's doctor decided to induce labor Wednesday morning. It was a long slow process, but luckily the epidural enabled her to sleep through parts of it. After 31 hours they saw that she and the baby were ready. AS's epidural was working so well that she wasn't sure how to push, but she got the hang of it after three practice pushes. After that, it was about three or four more and the baby just shot out! Compared with my 2 hours of pushing with no results, it looked like magic to me!
So anyway, here is our darling little SL. She was 6 lbs. 13 oz. and 20 inches when she was born. Just 4 oz. and 1/2 inch bigger than her big sister was!
We are overwhelmed with how wonderful it is to have a little baby again. Of course she's still very sleepy and hasn't started giving us hell yet!
AA has been staying with our friends and having a blast. They took her to daycare yesterday and today as well, so part of her routine is still there.
NT went to get a carshare; we decided to get a 24 hour rental so we can have it to bring AA to visit SL today, and also still have it when AS and SL are discharged tomorrow. I'm going to stay the night in the hospital with AS and SL, and NT is going to spend the night at home with AA.
I've only managed to sleep about 5 hours Wednesday night and maybe 4 hours last night, plus a couple catnaps, so I'm very dazed and not very coherent. Just saving up my energy to notify friends, family, co-workers and lawyer, and to take care of SL.
I have this amazing feeling that my family is complete. It will feel even better once we get everyone back home and get to know one another better.
I miss my little AA, and it's strange to have another little creature who also commands all my love. Seeing them together is going to be crazy.
I might try to do a financial post about birth-related spending, or I may not get around to it. Suffice it to say for now that we have a buffer in the budget that can absorb the incidentals we've found ourselves spending on.
Can I blame pregnant brain even though I'm not pregnant myself?
Last night I thought I'd pay daycare tuition early so we wouldn't forget later. I made out the check and then stuck it under the flap of the box of diapers we were taking to daycare the next day.
After the usual bumpy, windy stroller journey with the box of diapers hanging from the stroller handle, can you guess what? Yes -- the check had disappeared!
I retraced my steps a few blocks on my way to the bus stop, but rather than go the whole way back and be late to work (with little hope of finding the check), I sucked it up and called in a stop on the check. $30 for a 6-month hold. Sigh. This is the first time in YEARS that I've paid a dime for banking, besides fees to transfer money to AS's mom.
Sitting on the bus after I hung up with the bank, I was grimly amused that I'd paid the "stupid tax." Then I thought, no, the stupid tax is lottery tickets. Then I though, hey! I haven't played Powerball in a while!
So I stopped at a convenience store and bought 5 lottery tickets. LOL. Suggestible much?
At least the store owner saved me $5. I asked for 5 Powerball tickets because that's the game I usually play (when I do play, which isn't very often), and he said I should play MegaMillions instead, because it's only $1 per ticket and the jackpot is really big now. I said OK, but then thought huh? I thought Powerball was $1 per ticket.
I had to Google Powerball price increase online. Apparently in January they doubled the price of a Powerball ticket from $1 to $2. I guess I haven't played in at least 3 months, because I had no idea.
Seems extreme! I usually like to buy a couple different sets of numbers each time, but now, it would cost $6 to play my occasional 3 numbers, $10 to play my very rare splurge of 5 numbers. Doesn't sound like a harmless couple of bucks anymore. Guess I'm switching to MegaMillions.
Even though I always snicker at myself for paying the stupid tax, I like playing the lottery occasionally, because it lets me fantasize about what I'd do with unimaginable wealth.
But, I feel like I need to do something fiscally smart to make up for my silliness and poor planning today. Hmmm...
One of AS's student loans hit with $127 going to principal. That takes our March debt repayment to $4003! Woo hoo! She has one more small student loan payment this month; let's see if I'm of sound enough mind to record it on time.
Made it through the work day somehow; luckily it was slow enough that I could do each thing I got as soon as I got it, so that puts me ahead for the week a little, hopefully. I was going to cook and save our pizza delivery for another day, but after working through lunch and braving the cold drizzle home, I gave in (it was scheduled on the menu so I didn't feel guilty).
I suddenly felt insecure that we had a bunch of gift cards laying around -- some in various wallets, some hidden around the house -- so I went and collected them and filed them in their own folder. If I can recall (too lazy to get the folder) I found:
$10 Punch Pizza card
$75 Tom Pham's Azian Kitchen cards
$30 Wild Rumpus (kids' bookshop)
$100 Barnes & Noble
$200 Amex card
I gave a $25 Target card back to AS so she could buy a couple more things before the birth but the rest are waiting there. That's not counting the $1800 in Amazon credits that we've accumulated from credit card rewards and family gifts. Oh, and I have $30 in my Amazon account. And we just redeemed a $30 credit for our diaper service that someone gave us at the shower. And I think AS has some iTunes credits in her iTunes account. And she just ordered a $25 CVS card from MyPoints. Yeesh!
Speaking of which, we decided not to use the Amazon credit to buy the stroller. NT applied for (and was approved for) a Chase Sapphire card (that's the spend $3000, get $500 cash deal, which rumor has it is going away soon). We'll charge the stroller on that when we get it. I think I can cover that with the budget surplus. I think the stroller & supplies will come to about $1250, so the Chase account will be nearly halfway there. The rest will be easily met by charging regular expenses over the three months we have.
With AS's Chase card yielding $200 as soon as we finish charging $500, and this new Chase card giving us $500 after we charge $3000, we'll actually only have to spend about $550 out of pocket, net, for the stroller and supplies. So I think it's a good call, and then we'll still have the Amazon credits for little emergencies that come up.
OK, weirdly enough I've finished all the work I can do right now. That never happens anymore. But it means I have time on my hands and I'm exTREMEly antsy, so here goes a probably long and rambling post.
Friday we thought the baby might come! AS went for her weekly visit and the baby wasn't hitting all its marks just right, so she got sent to the hospital for further monitoring. That's happened before, but this time the score was low enough (and her blood pressure was high enough) that they said if the score didn't improve, they would probably induce labor!
NT left work early and I emailed people warning that I might too. But the scores and blood pressure improved, so they sent her home.
This morning she had another checkup, and they said that with the high blood pressure and imperfect baby scoring, they would want to induce this week. She has an appointment with her regular doctor on Wednesday, so it may be that day or they may schedule it for soon after. Definitely before next Tuesday, which was the due date. Looks like we're most likely getting a March baby like we hoped!
I never had the nesting thing when I was pregnant; too tired and lazy. I feel like I've had the urge this time, though.
We packed an overnight bag for AA, in case she'll stay with our friends for a night or two. (They might also stay over at our place with her, depending on circumstances and what seems easier -- on them and on her.)
Our bag for the hospital is packed and ready, with a list tucked into the handle of things we need to grab at the last minute. (I don't think we got this far when I was pregnant; I didn't really think I'd deliver before my due date.) Although we'll likely be going before AS is in labor, we still like having everything ready so there's less running around when it's time to go.
We've notified our jobs and the lawyer. I'm going to wait to notify family until we know what day she'll be induced.
We've found another possible spot for our giant stroller (which we can't buy until we have somewhere to put it) and have emailed the building manager to see if that spot is OK to use. If not, we'll put up a notice in our garage to see if anyone will rent us part of their spot (we left notes on two cars closest to the door, but no one got back to us). If that doesn't work, we'll ask the people who currently rent our spot if we can have part of it for the stroller for a discount on their rent. If they don't want to share, we'll have to stop renting it to them.
I did some not-quite-baby-related stuff as well that I'd been putting off for a while, just to burn off nervous energy. I organized a big bag of miscellaneous notebooks, organizers, etc., put some on the free table and found places for everything else. I started to get our wills ready to take to the safe-deposit place at the bank. AS and NT need to make their physical assets lists and then we can take it to the bank. I sorted and put away the gifts from the baby shower, and got out cards so we could start doing thank-you cards for everyone who gave us stuff.
We tidied up for the housecleaner, who's coming today. It'll be nice to have a spic'n'span home for the baby (and for our friends if they decide to stay over with AA).
The diaper service regular pickup/dropoff is today; they're bringing a supply of smaller liners for the littlest one! Our service only went up by about $4 per week to add another baby.
This weekend I planned a menu of easy meals for the week, with two days designated for ordering delivery. Ordinarily if we don't cook, we have to use our personal spending money to eat out. But since I'm leaving two open days in anticipation of not being able to cook, I'm going to foot the bill using budget surplus money.
I also did all the prep work I could for the meals. We also bought a few frozen and canned meals to have on hand for when we're too tired or disorganized in coming weeks.
We used to keep the grocery list on the microwave and add to it as we ran out of stuff, then add more after we planned the menu each week on Friday/Saturday. The menu would be handwritten and stuck to the fridge.
The past few weeks, we've begun a shared spreadsheet in Google Docs where we put the menu and the grocery list. It's much easier to make changes, and we can rearrange the order of the items on the list to correspond with the layout of the stores.
Here's our menu for the week; everything can be moved around if necessary.
Crispy tofu, mango, avocado & iceberg lettuce salad
Spaghetti & jar pasta sauce
Asian delivery or takeout
Lunch"meat"-veggie-cheese sandwiches & chips
I pressed and cubed the tofu for the salad, and made the dressing, so all we have to do is fry the tofu, chop the mango & avocado & lettuce.
I made the enchilada sauce and cooked up some pintos, which I'll make into refried beans tonight. I may preassemble the enchiladas and put in the fridge; haven't decided.
Everything else is super easy.
Looking at it and thinking about inducing possibly Wednesday, maybe we should make one of our meals tonight and save the pizza delivery for later in the week.
My gum infection seems to have gone away, but my bite doesn't feel quite the same so my teeth may have shifted again. I'd go and get it looked at right away ordinarily, but I think it can wait until we're settled in. It's not too bad as long as I don't try to close my teeth together all the way.
I think that's it! I'm so excited. I'm feeling quite emotional and almost get weepy when I picture holding the new little one for the first time. Also I'm of course concerned for AS and hope she doesn't suffer too much during the labor. Nothing seems altogether real right now, as I wait for our new reality to begin.
My $2000 payment to NT's student loan hit; $1965 went to principal, so that's $3876 paid this month! Way over our $1998 goal (of course we had no idea the lawyer costs would be this low).
By my calculations, that loan is now at $15,742. The account says it's still over $17K, because they still have not posted three payments but have posted a payment that I never made. (I call them about once a month and they always say they've received the payments and will process them eventually, and credit us for the interest we've been overcharged.) But I think my calculation is pretty close.
With a bit of luck, we might be able to put nearly $1800 toward it in April, which would take it down to about $14K. May through July we'll only be able to put about $1000, which would take it to $13K. Starting in August, we should be able to put about $1000 per month toward it, so it could conceivably be paid off in Sept. 2013.
Of course, NT will be going back to school this summer, so I guess we have to choose either A) try to cashflow his tuition or B) keep taking out loans but paying as much as we can on them.
Given my recent frustration with student loan companies, I'm wondering if I should slow down repayment and focus on cashflowing tuition instead.
This would still have a positive effect on our debt totals. Some of you may remember that, when I started our debt journey, I didn't want to see our debt go up, even though we'd already committed to NT getting his degree.
So I added $40,000 of phantom education debt to our bottom line. Whenever he took out a student loan, I'd subtract it from the phantom debt and add a line item for the actual debt, so that our debt didn't go up when he took out loans.
He's still got $12,839 of phantom debt. So if I cashflowed tuition, I'd reduce the phantom debt by the same amount, since it would be debt we didn't have to take out after all.
I don't have to decide right now, because if I decide to cashflow, I could use money from the EF to pay tuition outright and then replenish it with the $1000 per month that would ordinarily go to student loan debt. So it's not like I really have to plan ahead if we change course and stop taking out new loans.
NT's other student loan (NOT the one that hasn't yet registered a couple payments they received 6 months ago) has been messing up too.
In December they sent us a late-payment notice and I discovered they hadn't added his most recent amount borrowed to the autopay for some reason. I got them to promise to add it to autopay and to apply the late fee to principal.
Then a few days ago, we got a late-payment notice; they had never added the loan to autopay as promised, and were once again charging us a $5 late fee.
I emailed and explained the situation, asked them to add it to autopay for real this time, and requested they refund the late fee again since it still wasn't our fault. They replied to say OK to all, but that I had to manually pay the late amount because they couldn't retroactively collect it via autopay.
I immediately did so. Today the amount I paid was deducted from checking -- twice! Sigh. I went onto the loan account and at least it was deducted twice. So I'm not going to argue, since the extra payment -- plus the late fee amount -- went toward principal.
So, unexpectedly, that's $24 more paid to student loans. Now we're at $1911 down, $87 to go on our March goal.
Now for the REALLY good news. I touched base with our lawyer to let him know the birth is coming up soon and to see when he wants to find about about it so he can start the adoption process. In the secretary's reply, she also mentioned she'd be sending us a retainer agreement soon, and gave us two options for payment:
-- A $3500 flat fee, nonrefundable, that would cover all the lawyer fees, and a $1000 refundable retainer to cover any court costs that might arise
-- A $3500 refundable retainer that would be applied to lawyer and court fees. The catch is that if the hourly lawyer fees + court costs ended up being higher than $3500, we would have to add to the retainer and pay the full amount. It could end up being less than $3500 or a great deal more, depending on how things went.
We opted for the first payment plan, because we're doing two unusual (third-parent) adoptions, so we feel complications (and thus lawyer fees) could easily crop up.
Since I saved up enough money to cover the high end of his very rough estimate during his initial consultation with us, I actually had $6500 set aside. Now that it looks like we'll get both adoptions for under $4500, I'm sending the extra $2000 straight to student loan debt.
I could put it in the EF, since I'm always grousing about being behind on that goal. But the simple truth is, having student loan debt bugs me more than not meeting my EF goals. I know we'll get there eventually with the EF, even if it's not this year. We've got over 3 months' expenses saved already, so it's not like we're unprotected should emergencies arise.
So woo hoo! The payment should hit the account in a couple of days!
I was having a tough week with a lingering cold that was cycling through various symptoms. Friday night I was so relieved that I'd managed to work the whole week and not get too far behind, and was thinking my cold was subsiding. My teeth were feeling tender, but that wasn't uncommon with a cold (I had surgery a few years ago and they've been sensitive ever since).
But by Saturday afternoon, the ache had turned into a throb and there was definite swelling. I knew it had turned into an infection.
I recently switched to a new dentist; my job changed insurance again and so this was my second switch in two years. I had my first checkup last month, and the bill was about $230! I'm still contesting that to see if they can get insurance to cover more of it. So I wasn't thrilled I'd have to see them on a weekend; if that was a checkup, what would an emergency visit cost?
But turns out they didn't have any after-hours contact info on their website or voicemail message. So I went to my insurance site and started dialing in-network dentists nearby, until I found one that had an emergency number. I explained I wasn't a patient but that they were in my insurance network. The paged dentist called me and, when I explained my history and symptoms, said he trusted that I knew an infection when I had one (I've had two before and this was mimicking that exactly). So he didn't ask to see me, but called in a scrip for antibiotics and a small amount of Vicodin to get me through the worst of the swelling and pain. (He sounded like a great guy; if my new dentist doesn't straighten out this dental bill, I may switch over to this practice for my next checkup and see if they're any better!)
I don't know how much it's going to cost (so far just $14 for the two prescriptions), but I'm sure much less than if I'd had to go see someone. So far the swelling and pain do seem to be lessening. Of course the Vicodin's made me pretty useless this weekend, but so was the pain before that.
I threw up this morning because I stupidly took the medicine on an empty stomach, but other than that I've been taking it OK. Unfortunately, either because I've been less active, or because the Vicodin is causing constipation, or because I have to eat before each dose, I gained 2 lbs. at my weigh-in tonight. I'm now 3 lbs. over my starting weight for the year. Sigh. My goal seems farther and farther off!
I added $25.26 to the EF, but I still haven't gotten back to our starting point for the year, due to the lease renewal and other expenses that ate up some savings.
So those two goals aren't going great so far this year. Another goal, to research some products to find out about they're made, I haven't even started on yet. But all the other stated goals are going great. Plus, I've achieved a few other things that weren't even on the list: implementing "Getting Things Done" (and thus lessening stress, clearing out clutter and filing years of disorganized papers); starting a family dinner routine; figuring out a way to avoid buying a car this year; and reading probably more books in the first three months than I did all last year.
And anyway, I'm finding it hard to care about a few more pounds on my body, or a few less bucks in the bank: We are so close to meeting our new little guy! AS is just over 2 weeks from her due date. She's getting more and more practice contractions, the baby is head-down and very low; feels like it could happen any day now! She's having weekly ultrasounds and extra monitoring because of her high blood pressure, but so far the baby has been doing great! There have been a few times she got sent to the hospital because they're being extra-cautious and will make any little irregularity in the testing get checked out, but every time, it's turned out to be nothing. This is one healthy, active, kicking, squirming, weight-gaining baby-to-be!
We've bought nearly everything we wanted to get before the baby came; we just need some breastpump supplies and new bottle nipples. We have a crib promised to us, and a two-kid stroller all picked out that we'll buy new; but neither of those are needed for the first month or two. (NT left some notes on cars in our condo parking garage to see if anyone would let us rent the space under their storage container to park the giant stroller; we won't buy one until we know where we can put it, since we know it won't fit through our condo door!)
AS has gathered a lot of the stuff for the hospital bag; some things we'll need right up until the day (like this laptop!) so we can't pack it all the way, but we could pull it together really fast now.
We need to talk to our friends CC and NJ who will look after little AA if we need to be at the hospital outside of daycare hours (which will probably be the case since both other adults want to be there for the full labor, though after that we could take turns staying at the hospital depending on how long the stay needs to be). They've already agreed to be there for us, but we need to make sure we're all on the same page.
We've also had lots of offers for rides to the hospital, so we should make sure we have everyone's cell numbers and times they'd be available to be called (some volunteered if it's during work hours, while others said call me anytime day or night).
While writing this, I realized I need to touch base with our lawyer, to find out when he needs to be alerted to the baby's birth to get the adoption going! I'll email him tomorrow.
So yeah, little things like being 13 lbs. off my weight goal instead of 11? Easy to put that in perspective! Heck, I've barely even worried about how my accountant is doing on my and NT's taxes.
NT's UK pensions:
#1: 13,753 pounds ($27,506)
#2: 16,005 pounds ($32,010)
#3: 3,709 pounds ($7,418)
NT's 401(k): $16,311
NT's Roth IRA: $4,152
AS's 401(k): $7,068
AS's trad. IRA: $1,682
AS's Roth IRA: $6,576
CJ's 401(k): $44,226
CJ's Roth IRA: $4,152
NT's flat: 130,000 pounds ($260,000)
CJ & AS's condo: $160,000
Baby/emergency fund (shared asset): $14,199
Total Assets: $585,300
Total Debt: $317,098
Current Estimated Net Worth: $268,202
February 2012 estimate: $262,142
Change in net worth: +$6,060
Summary: Healthy progress again this month, thanks to steady increases in our retirement, a big chunk put into our EF, and a couple thousand of debt paid down.
I will update my "Individual Net Worth" page shortly so you can see how it breaks out per person.
Notes on the numbers above: House value estimates are very approximate. I don't have a way to check NT's UK pensions or flat value, so their values stay static for the purpose of this update (unless I happen to get some info by chance). UK asset values and debt amounts are calculated figuring $2 for every British pound, which was the exchange rate when I started keeping track. I maintain that ratio for the purpose of tracking progress, even though the exchange rate is now closer to $1.60 per British pound.