I made the wire transfer to pay off the promissory note! I haven't got confirmation from the title company or my broker, but the money is out of my bank so I'm counting that debt as PAID.
It's been a couple of confusing weeks, with some debts being paid off and some being added to my balance. I was trying to work out how to figure that into my debt repayment calculations, and I came up with a way.
Before closing on the condo and paying off the seller, I had $670,005 of debt. After eliminating the condo mortgage and duplex promissory note, and adding a student loan, a credit card and a line of credit to my debt, my new debt balance is $525,360.
I got rid of $133,000 of it by selling the condo, so that doesn't count as debt repayment. But the rest of the debt reduction does. So that means through the whole confusing mess, I paid down $11,645 of debt over the past two weeks! That takes my April debt repayment to $12,641. Definitely a new record, and the month isn't even over yet!
In other news, last night I decided to take snafu's advice and just pay the minimum for AS's quarterly tax prepayment, and keep the other $2500 or so in my account for now, adding it to her June tax prepayments. Well, even if I hadn't decided that last night, I would have done so this morning, when I saw I'd forgotten to cancel the auto-contributions to our Roths for April! So that's $450 out that I wasn't expecting. Luckily I had that choice to pay less on AS's estimated tax, so we'll be OK. And I don't have to take out a reserve line loan to bridge the gap until April 30 payday. I was planning to restart Roth contributions in June anyway, so I can float this amount until June with no impact to our regular budget.
The banker who helped me with the wire was the same one who messed up last week on the other wire, but since this one was to go out immediately, I wasn't as worried. I hovered while he handed it to the lady who was going to process it. 
The banker's a real sad sack, hinting at financial woes of his own. I think he assumed I was in over my head like him, but from what he was saying, I think he's just an average everyday person, which means he has no real idea or plan with his money. One comment, when he was telling me about these condos on Lake Superior that he admired: "I really wish I had $40,000 so I could buy one. Heck, I wish I had $1,000." Hopefully he was kidding! But he also mentioned having a second mortgage on his place, and not having any money to eat out, so I wonder.
He made that comment after I mentioned I hadn't eaten out much but could start to do so more now that I'd gotten these deals done. It was like, we had a lot of the same problems, but I have a plan to get out of them and he seemed kind of stuck. It was just interesting. You'd think a banker would have a better handle on things, but of course I know better than that.
Anyway, in other bits of financial news, we think the fencing of our backyard is going to run around $2500. Our neighbor is getting estimates and planning it. We'll be splitting the cost with them. AS should have some bigger checks coming through in the next couple of weeks, so shouldn't be a problem.
We've been looking at ovens, but one thing we want to avoid is ovens that get really hot to the touch on the outside, and ones that vent all the hot air right over the cooktop at you so you're pummelled with it while you're cooking. We're having trouble discerning from online descriptions which might be better in those areas. So we might have to go into a store and talk to someone.
AS did some last-minute coverage at my job yesterday and should get about $300 for that. She also accepted some new jobs from other places: a $600 one and a $1600 one. She quietly passed a milestone the other day: she's now booked enough work to surpass what her annual salary at her old job would be. It only took her three and a half months, with a 2-week vacation in the middle! Of course, $6K of that is the teaching gig which she doesn't get paid for until the end of the year. But it's pretty exciting nonetheless.
I guess I'll probably do my net worth calculation today or tomorrow. It should be interesting! I think I'll about break even, since we took a loss on the condo but also paid off some debt. But I won't know until I add it all up.
Debt progress! Exceeded April goal and other notes
April 15th, 2015 at 05:06 pm
April 15th, 2015 at 06:30 pm 1429122623
That is really impressive that AS was able to replace her annual salary! She should write a guest post on the blog about what the experience has been like. Definitely exciting!
April 15th, 2015 at 08:23 pm 1429129398
April 15th, 2015 at 09:12 pm 1429132353
Things could slow down, but it sure looks like she's going to surpass NT's annual income ($58K) and mine ($65K) and at least double her old salary. Now we're kind of wondering if she's going to hit 6 figures this year!
April 18th, 2015 at 01:34 am 1429320849
April 18th, 2015 at 11:03 am 1429355020
April 18th, 2015 at 02:13 pm 1429366431
April 18th, 2015 at 02:25 pm 1429367159
Oh Butterscotch, just being gossipy. Sometimes I have to get some of it out of my system! Plus I guess the fact that he messed up my first wire and was probably about to mess up my second one made me assume he's not very together.