Ceejay74's Personal Finance Blog

It's alarmingly quiet for me today. I know I have a lot of active projects but nothing seems to be on my plate at the moment. Ah well, I've managed to get some flex spending receipts submitted and other bits of financial and organizational housekeeping. And now I guess I've got time to blog!

Lots of little financial bits of news.

- AS has still been booking work but we've been in one of those "dead zones" where checks aren't coming in. However, I'm proud of us that we're using the shared spending spreadsheet and, if there aren't available funds, no one is spending money. I like that we didn't need a big discussion: When the shared spending balance was big, we spent freely. When it was small, we pared down to things we really needed or wanted. Now that the shared spending fund is mostly wiped out, we've simply denied or delayed our wants until more funds become available. Very encouraged by how seamless and mutual the process has been.

- AS's annual salary has passed the $50K mark! Although she'll be slowing down in taking freelance projects now that her teaching gig (already figured into the $50K income) is starting up in a couple weeks, I wouldn't be surprised if she makes it to $60K this year. If so, she'll surpass NT's salary. She'll have to make it to $65K to surpass mine. It could happen, but I imagine this first year of teaching especially will take a lot of her time!

- AS still hasn't heard from Vanguard as to whether they can reclassify her mistaken IRA contribution so she can contribute up to the true limit in her Roth. I sent them another message today since it's been a week or so since the first query.

- In the meantime, I decided to contribute some to my Roth. I can always fill hers in later if it opens up again. I have enough float room in the budget to contribute $800 of the September Roth money, so I put that toward mine.

- A few weeks ago AS got notice that she's available for new healthcare coverage. She didn't ask for it, but she got it. It was very strange and disorganized; she got a letter daily for about a week, one saying she had until X to choose an option, then the next day saying the option had been chosen for her, etc. Her new premium is $71 per month instead of $172, so that's very welcome. However, if it's income-based and they see her salary next tax season, I don't think this great deal will stick around. But we'll enjoy it while we can! She'd already paid her August premium on her old healthcare, but we're supposed to get a refund at some point.

- This past weekend I took AA out to get the last of the school supplies from her list. I also let her pick out a new outfit for the first day of school. Besides shoes, socks and underwear, we really don't ever have to get the kids new clothes; between hand-me-downs and grandparent gifts, it's not necessary. But I remember how exciting it was to buy a new outfit every year for school, and I wanted to pass that experience down to my kids too. AA had never been in a changing room before! She really enjoyed it, but I think she gets that it was a special occasion. She also picked out a new full-size backpack and a lunch box (these days they're made of material similar to backpacks, not metal or hard plastic like in my day). All told it was $80-some (including the school supplies). I think we spent another $50-$60 the other trip, so in total, school stuff came to about $130 or $140.

- This will be the first month of reduced daycare tuition! It's only $190 less since we're still paying for AA to go to daycare after school and on school holidays, but it's now under $1000 for 2 kids, which is insanely good rates for our area. The rate goes up again over the summer when AA will be at daycare full-time, but we'll enjoy the break to our budget during the school year. When I saw how many school closures there are in a year, I was really glad we'd decided to go for this vs. just having AA come home after school -- not only does it help because AS doesn't have to worry about coverage when she's at her teaching gig, but she won't have to worry about watching AA on school closures; we'll just send her to daycare on those days. (Some days both daycare and school are closed, but that's around holidays where it's easy for one or all of us to get the day off work.)

- Our contractor is still not done with the living room, but only because the place that's making skirting to match existing, to cover the places where archway was removed and door was walled up, has been taking longer than expected. He thinks he'll get that done this week.

- Contractor isn't sure what we need to do to get our basement bathroom up to code. He suspects the walls will need to be broken into to prove that everything is properly vented. NT has left a message with the plumbing inspector in hopes of confirming that. We still don't know what our options are and how much they would cost, so I'm keeping that last $4000 of WV money in reserve for the time being.

- I'm thinking about starting to formulate my annual budget for 2016 today, if it stays slow at work. For both 2014 and 2015, I've created a 13-tab spreadsheet that has each month mapped out and an annual budget snapshot on the last tab. Even though things fluctuate, this makes it much easier to make those changes whenever they come up. And I don't have to save up incrementally for once-a-year items, such as Xmas gifts; I just put the amount we need on the December tab. That way they're already taken out of budget surplus and it doesn't feel like a surprise or a burden. I'm going to put in "real" utility numbers based on the past year's monthly costs (with a little padding on each number in case of fluctuation) rather than having a flat $400 each month. That means utilities will be higher in winter months and especially low in spring and early fall.

I added my September budget in to my spreadsheet, and unfortunately I don't currently have enough wiggle room before 9/15 to contribute all the retirement funds. I might later, when some checks come in. We'll see.

I did have enough leeway to make a small contribution to AS's Roth and max it out for the year, because I remembered it wasn't far off the limit. I went in and it said I could contribute $144.85, so I did. Then, I happened to glance at transaction history and realized that only came to a little over $4500 of Roth contributions for the year.

After doing a bit more digging, I realized that the traditional IRA I'd accidentally opened when I was trying to open an SEP for AS was showing $900+ of contribution. I did get them to transfer that to an SEP instead, so I'm hoping I can get them to fix that. Not sure how strict the rules are, but I emailed to ask. Oh well, if I can't max AS's out this year I'll just work on my and NT's next, and start afresh for her when I can.

The mortgage payments hit today (the U.S. one took longer but finally posted tonight):

US duplex: $653 to principal
UK1: $221
UK2: $46
UK3: $48

All told, that's $968 paid this month. That brings our mortgage debt to $486,682.

At last NT's mum gave us bank details so we could send her an installment of what we owe her. (Although this isn't mortgage debt, it is house-related since we used it to fix up the UK flat that we rent out, so it's not quite consumer debt.)

Anyway, we owe her 2100 pounds ($3360) and we paid 250 pounds today. That's 250 down, 1850 to go.

When we spoke to her today, she wasn't in any hurry. She said 250 per month would be fine or less if we wanted. We're going to aim for closer to 350 per month from now on; we just had to pay off the overdraft with this month's rental income.

Ugh, I am sweaty and tired! It's been an eventful day. Although it started with the grownups sleeping in until 10 am! Which was an event in itself. Miraculously (or maybe because of the motion-sensor compressed-air cat repellent outside our room) the girls didn't bug us at all.

So with that late start on the day, we still got a ton done. First, the living room reno is 99% done, so the contractor said we could move back into it. The last few bits he needs to do shouldn't be messy.

So we moved all his remaining equipment out onto our front porch. NT and AS moved the pieces we'd saved from the reno (a door and wooden arches, probably original to the 1913 house) out to the garage, to see if we can sell or donate them somewhere.

While NT and AS were doing that, I did the first round of grocery shopping, came home and we quickly cooked and ate lunch and put the kids down for naps. Then I vacuumed the whole main floor while NT dusted. We moved the living room stuff from the dining room back into the living room, the dining room furniture from the record room to the dining room, and a few extraneous living room pieces were shuffled into other rooms. We laid out our new carpet and put our new chair in there. It looks kinda weird because we still have our mismatched couch and loveseat, but in two months we'll be able to replace those with much more suitable furniture we ordered.

NT had installed our new TV last night, so he moved our old TV up to the book nook upstairs. We're not sure what to do with our DVD player or Wii game console; we really like the wireless look of the TV (we had an outlet installed high on the wall so it's hidden). We may just rip all our DVDs and store the movies electronically. As for the Wii, we don't play games very often anymore, so we'll see if we just eventually sell it or move it to the upstairs. Dunno. We could also add some electronics to the closet next to the TV, but it would require getting someone to drill through walls, so we're not sure yet.

Then AS and I did the rest of the grocery shopping. When we got back, NT took AA out to play in her wading pool (SL was still napping; she sometimes gets 4 hours on weekends!). I started cooking soon after; we had someone coming over so I'd added spring rolls and dipping sauce to the meal in addition to yakisoba. Both dishes require a lot of prep work. We loved the spring rolls and our guest had seconds of the yakisoba. Then NT and our friend went out to a music show and AS and I put the kids to bed, cleaned the kitchen halfway (there's still lots to do) and cleared the dining room. Now I'm sitting with a glass of wine, feeling too tired even to shower!

Last night we brought our foster cat home. He's a big fella, and was pretty friendly at the old foster home, but had a poop accident in the car (the old foster warned us he got upset in carriers and cars) and after getting cleaned up and put into the bathroom (his temporary home until we can introduce him to the other cat), he went under the clawfoot tub and has barely ventured out or eaten anything. Supposedly he's very chatty, playful and has a huge appetite, so I'm sure he'll get acclimated soon.

After settling him in last night and putting the kids to bed, we had a nice night around the fire with our neighbors. I made crispy oven green beans and they cut up an heirloom tomato from the garden. Now I laugh at how boring that sounds, but they were both delicious snacks. Our neighbor said he's almost done with the initial document for part ownership of the home, after which I can consult with a lawyer about it.

We chatted about plans for the garden and house as well. I'm eager to find out how much it would cost to get the basement bathroom up to code, so we can make a decision and get on with our lives one way or the other.

I'm excited to start another reno, but depending on how much the bathroom costs--and we have to start saving up for the England trip too--we might have to settle for making a few small cosmetic changes to get the maximum impact for the least money, and wait to do bigger renovations until next year. We'll see.

The goal: $486,000 in retirement assets by 2019

Balance as of 6/16: $244,790

New balance as of 7/31: $248,572

Progress: $3,782

So, $237,428 to go. If I were to hit the goal by 7/31/2019, I need to grow by $4,946 per month. And there's a good chance the goal will grow before 2019, since it's based on 2x AS's 2019 salary plus 3x my and NT's 2019 salary. If our salaries go up, the goal goes up. So clearly I need to get more aggressive if I'm going to get there!

Assets:
NT's UK pensions:
#1: 17,105 pounds ($27,368)
#2: 20,501 pounds ($32,801)
#3: 4,452 pounds ($7,123)
NT's 401(k): $37,674
NT's Roth IRA: $7,681
AS's trad. IRA: $15,288
AS's Roth IRA: $24,853
AS's SEP IRA: $4,086
CJ's 401(k): $84,017
CJ's Roth IRA: $7,681
NT's flat: 180,000 pounds ($288,000)
CJ/NT/AS house: $440,000
---
Total Assets: $976,572

Total Debt: $487,650

Current Estimated Net Worth: $488,922

Last estimate (mid-June): $485,086

Change in net worth: +$3,836

Summary: Nice bump in net worth. Since I updated my net worth schedule and already noted July 1 debt repayment, the debt amount didn't change at all, so this is entirely retirement gains and new contributions. I would like to see our retirement account value increasing by $5K-$6K per month, but I'll take $3800 for now. I'll continue to get more aggressive about contributions as more money is freed up in our regular budget.

I'll update the Individual Net Worth page shortly, breaking it out by person.

Notes on the numbers above: House value estimates are 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 $1.60 for every British pound.

I've missed blogging regularly, but I've been having a really fun, super spendy summer and just haven't made the time. I wish I could remember everything that's happened this month but I'll probably leave some things out. Plus it's kinda late so it would take me too long. So here's how my month's been in a nutshell:

- We've donated most of the $8,000 I earmarked for charity. I think I have $250 left. I'll probably give it to my alma mater. I just agreed to be on the alumni board of directors, so it would be a nice gesture.

- I moved the money earmarked for taxes into savings ($15,200). At least it'll earn a bit of interest sitting there instead of going straight to Uncle Sam!

- Our $8,000 first renovation is going well, a bit behind schedule but we're really happy with our contractor, his consistent communication and the work he and his guys are doing. We hope it'll be done by next week.

- We spent about another $6,000, mostly from the WV money, on furnishings for the living room. We got a large (9'x12') area rug, a large (50-some inch?) flatscreen TV and some hardware to mount it to the wall, a 93-inch sofa with matching chaise lounge and ottoman, and an armchair. The sofa/lounge/ottoman won't come until early October because we picked a fabric we really wanted (dark gray microfiber). The rug and TV are here but still packaged up and sitting in other rooms, waiting for the reno to be done. The armchair will arrive Tuesday.

- We still have about $4,000 of the WV money. We're not sure what to do with it because we got notice from the city that we do need to deal with the possibly non-code basement bathroom. We're going to have our contractor assess the situation after he finishes the living room. So we may have to use the money for that. If not, we may save it for our next planned reno, the main-floor bathroom. Or maybe we'll use some of it for living room accessories, and to spruce up the dining room (paint job and new light fixture). But I'm sort of assuming it'll have to get used for the basement issue.

- I sent an initial email to my lawyer about consulting on the possible transfer of part ownership of the duplex to our neighbors. He nicely responded that he has worked real estate law in the past but his current focus is surrogacy and family planning, but he'd be happy to consult or recommend a lawyer with a real estate focus. I'm still waiting for my neighbor to write up what he's thinking so I can send it my lawyer and see if he thinks it's something he could advise on. My friend's idea is an unconventional one, so we might need to ask for someone with more expertise in this field. The deal itself sounds OK to my inexperienced self, but I have questions about tax and insurance planning (and I'm sure there are concerns I'm not even thinking of). My friends say if we do this they'll probably leave their share of the home to my kids, so estate planning may not be much of a concern. We'll see. They're in no hurry, so I'm taking my time on this. I have $1500 set aside for consultations and also to possibly submit a plan to the county to turn our garage into an accessory dwelling unit (tiny home).

- AS is close to hitting a gross of $50K in her freelance position! Though $6K of that is the teaching gig that begins in late August and runs through January, and it will affect her ability to take other projects, so it seems she's nearing her annual salary. We'll see how it goes, but I imagine this teaching gig will be a lot of work. (She's freaking out about it, but I know she'll feel better once she's actually into it. It's the unknown that's so scary!)

- I was able to do our August budget surplus retirement contribution: about $2200. AS is only about $150 away from having her Roth maxed out. I'll work on mine next. I should be able to put even more toward retirement in September! I hope I can put it in early like I have for the past two months. Basically, anything left over from my and NT's paychecks after we cover our budgeted items goes into retirement for now. In September our daycare costs go down a bit as AA goes into kindergarten. Eek! She'll still do after-school at the daycare, but that's cheaper.

- We've been having fun with AS's paychecks. Everything after setting aside tax and retirement is up for grabs. We've been spending, spending, spending, ever so frivolously. Food, wine, car shares, clothes, you name it. (I'm still tracking every penny, of course, to make sure we don't spend more than we have.) It's been so so fun, after a year of extreme self-control and nearly a decade of being very moderate. But, I'm starting to eye our priorities, namely more home renovations and the trip to England and Spain next year. I proposed we put half of AS's net pay aside for those goals, and AS and NT agreed. We'll still have plenty to play with, though maybe not as madly as we have been this past month.

- We finally got rental income on the UK flat again, hooray! We'll be able to cover the August mortgage payments without transferring money and can pay NT's mum back the first bit of money (just 250 pounds this time, but the first payment will be an important reassurance that we're serious about paying her back, I think). Very happy that situation is beginning to sort itself out!

Financials aside, our summer has been going really well.

- We've been enjoying our back yard and the nearby neighborhood parks, the girls have been taking swim and dance classes and having a great time/learning a lot at both.

- We still eat together with our downstairs neighbors about twice a week. We've been doing it downstairs, since our dining room table is in NT's record room (our living room furniture is in the dining room), and our big front porch is only accessible if you walk through the construction zone.

- Our first cat Noodles still hasn't come home, so we're assuming he's not coming back (though we'd love it if he pulled one of those miracle journeys and returned to us). We decided we'd try fostering a cat and see how that goes. We're open to an FIV+ cat, since our cat Clue has the disease and that way we wouldn't have to worry about transmittal. We may get our first foster the last day of July.

- We're heading to my family reunion in Ohio this Friday, taking Friday and Monday off work, renting a minivan. It's a 12-hour drive, so we're doing 6 hours a day, approximately, staying in a different hotel each night. We'll get to the town where the reunion is (well, close by, since that town doesn't have a hotel) Saturday night; the reunion is Sunday afternoon; we head back Sunday evening and finish up the driving on Monday.

- Work is going really well for all of us. Well, NT is too busy again, and his days start super-early; that may not be a permanent job solution if they don't fix it, but it's good pay and not as bad as it was for a while. My job is great: I have a few high-profile projects that I seem to be nailing for the most part. All for two Fortune 500 clients of ours. I was worried for a while that I wasn't busy enough, but I'm not anymore! We have summer hours as long as you work 40 before you leave on Friday, so I've been trying to write for an hour at home after the kids go to bed. So far I've only worked enough extra hours to leave at 3pm on Fridays, but even that is nice! Maybe some week I'll manage to work enough to get out at 1pm. AS, as I mentioned, is doing great at her freelance work. Other than stressing about the teaching gig, I'd say it's the happiest she's ever been with her job.

- We had a family heart-to-heart last week about figuring out a way to make dinners less stressful (trying to get the kids to eat), come to a peaceful place about housekeeping/chores, and just generally be less critical/shouty with the kids and one another. (Not that it was horrible, but I'm pretty sensitive to any conflict in the home.) We've had to course-correct our parenting before, but I feel like this was a big breakthrough. Things have been calmer, the kids are getting plenty to eat even if they don't always finish everything, and I'm just enjoying my home life more. I'm sure we'll slip into bad habits from time to time, but I'm proud of all of us for putting in the work discussing our flaws and then figuring out ways to alleviate them.

- I finally wrote another blog post on my other blog, ordinarysavers.com! It took me about 6 months since my last post. I'm hoping to get back in the habit now, because a few of my friends have told me they really appreciate reading it and wish I'd update it.

I'm not sure if that's all my news, but that's plenty! Whew! It's after midnight and I need to start settling down for the night.

I've decided to update net worth at the end of each month instead of mid-Month. I only started that schedule randomly. It makes more sense to do it this way! I'm a couple days late on it; next month I'll try to do it Aug. 1 or thereabouts.

Assets:
NT's UK pensions:
#1: 17,105 pounds ($27,368)
#2: 20,501 pounds ($32,801)
#3: 4,452 pounds ($7,123)
NT's 401(k): $36,967
NT's Roth IRA: $7,673
AS's trad. IRA: $15,258
AS's Roth IRA: $22,625
AS's SEP IRA: $4,082
CJ's 401(k): $83,166
CJ's Roth IRA: $7,673
NT's flat: 180,000 pounds ($288,000)
CJ/NT/AS house: $440,000
---
Total Assets: $972,736

Total Debt: $487,650

Current Estimated Net Worth: $485,086

Last estimate (mid-June): $420,169

Change in net worth: +$64,917

Summary: Even more awesome change in net worth! Our retirement accounts stagnated, but we got an update on NT's flat's value. Similar units are now selling at 200,000 pounds! I decided to shave 10% off that value for the purposes of the net worth, since it would cost something if we decided to sell it. Even with taking off 10%, our net worth still increased nearly $65K, and our assets are approaching $1M at a good clip.

I'll update the Individual Net Worth page shortly, breaking it out by person.

Notes on the numbers above: House value estimates are 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 $1.60 for every British pound.

All the mortgage payments hit:
US: $652 to principal
UK1: $222
UK2: $47
UK3: $50

All told, $971 paid toward principal. That takes our total household debt to $487,650.

So, with all my non-home debt paid off, I'm actually considering discontinuing my monthly debt goal! I'll be paying the minimums on home debt for the foreseeable future as I focus on retirement savings and other priorities, so debt payment will be on autopilot. Plus all debt payments will happen at the first of each month; there are no mid-month payments to keep track of.

I'm thinking instead of the monthly goal structure, I'll just do an SA entry detailing each month's mortgage payments, how much went to principal and what's left.

My net worth updates on the 15th or so will be a good place to talk about retirement progress, so I'll either tack it on to that entry or do a separate post about retirement savings progress.

I'll still have plenty to blog about financially, but the structure that has framed my blog for so long is really not relevant. I can't believe it!

We've had a spendy-spend-spend week or so! I must admit, I'm kicking up my heels a bit and spending on stuff that seems frivolous. But it's all cashflowed spending that doesn't take away from the necessary bills or retirement savings.

A random assortment of the spending:

A $4000 down payment for the living room reno, which starts tomorrow. Tonight we need to clear everything out of the room. NT came up with a plan to have our dining room table in his record room and have the living room furniture in the dining room. I don't know if it will all fit, but we'll find out tonight.

$5000 to the environmental group I found that does work in WV. They called when they received the check and were over the moon about it. Seem like a really good group that's getting things done on both legislative and awareness raising levels.

$750 donated by NT to a local group he supports when he can. They run on a shoestring budget so that was a big donation for them.

$500 to wire enough money to the UK to cover our July mortgage payments.

$120 for a robot mop. We love our robot vac, and this was a super good deal!

$120 or so for an alumni gathering I threw at our place. Lots of snacks and booze left over for us too.

$30 for tickets to a drag/burlesque Pride-related show and $80ish for drinks there, plus $21 for a T-shirt.

$60ish for eating at and admission to a food truck festival a couple blocks from us.

$20 for a toy for each of the girls (which they definitely did not need but it was fun to let them choose -- they picked the exact same toy!).

$60 for the last round of groceries for my volunteer cooking gig. I'll be cooking tomorrow and they'll pick it up Tuesday, and then my obligation is over!

...and other odds and ends here and there. Phew! It really has been quite the week!

On the good side, the tax guy got back to me and estimates about $15K for federal + MN + WV. I have $18K set aside, so that's good news! He also says we have enough withholding to be able to keep it aside and just pay it in at tax time. Not sure if I will or not. We could get a bit of interest income, I suppose, if I transferred it over to savings. Would you bother if you had to decide, or just send it to the governments so you don't have to worry about it?

Whew! I've been cooking basically since I got home from work. I've got a huge pot of pinto beans simmering to make refried beans for making burritos tomorrow for Thursday's donation. Luckily I only have to worry about the cooking this week; the organization found people to pick the food up Wednesday and Thursday so we don't need to deliver it.

It's a really good organization so I'm happy to help, but it's been a lot of work! First figuring out things that will be good in big batches, then figuring out whether to double or triple recipes, then shopping for the ingredients and disposable containers, then cooking it all up. (Not to mention delivering it the first two days.)

The first week of stuff (for 2 meals) cost $140, and the second week $95. So it's cost nearly $60 per meal. Feeding 20 people each time, that comes to almost $3 per person per meal. I have one more meal to do next week.

I'm sure there are ways to do this more cheaply; I'm probably making rookie mistakes. But I'm using the money I likely would have donated to them anyway, so I don't have a problem with it.

Here's what I've made/am planning to make for the 5 days I volunteered for:

(last Wed.) Three-bean and tempeh chili, cornbread, lettuce/cucumber/tomato salad and 2 bottles of dressing.

(last Thurs.) Mac and cheese, veggie marinara pasta bake, mixed greens salad and 2 bottles of dressing.

(tomorrow) Potato salad w/chopped hard-boiled egg, pasta-veggie salad, sliced cantaloupe and watermelon.

(Thursday) Bean/cheese/veggie burritos, Spanish rice, chips and salsa.

(next Tuesday) Veggie baked beans, coleslaw and biscuits.

Everything is vegetarian and I made sure at least one substantial piece of each meal was vegan. I don't even know if they have any vegans or vegetarians working for them; I just don't feel comfortable buying or working with meat. (Even when I ate meat, I never cooked it beyond making tuna sandwiches with canned tuna.) My concession was making sure at least one thing had dairy and/or egg in it, since I know vegan food can feel unsubstantial if one is unused to it. At least basic dairy stuff doesn't require any special knowledge, though I had to ask NT for a refresher on how to hard-boil eggs!

I don't know if I'll do more if they ask me to; I don't mind the work but I'd like to use my charity money for other things as well. Also I don't have many more ideas for vegetarian meals that are accessible crowd-pleasers!

It started out bad but ended up really really good. The girls and cat woke me up early for a weekend (about 7am, which is normal for a weekday, but I'd stayed up super late and had quite a bit to drink at a party we threw).

I was really cranky and it definitely showed to the kids, but for some reason I assumed I'd overslept so I helped the kids bring NT his breakfast in bed: 2 croissants warmed in the oven and a cup of tea. They also presented him with two flowers (that he'd bought and put in a vase; we replaced them shortly thereafter). Only after I stumbled back downstairs did I really focus on a clock and realize that it was 7:30, not like 10am like I'd assumed! Which meant I'd gotten less than 5 hours of sleep. Oh well. I downed 3 cups of coffee and had breakfast and managed to stay awake for the rest of the day. NT laid in bed a while after his super-early breakfast treat.

We puttered around for a while and then I took the kids to dance class. I didn't stay in either room and watch, but it seems like they had a good time again. So far I'm just paying for individual drop-in classes; it keeps our schedule flexible for when we're busy (and in case the kids decide they hate it) and it's only $2 more per class.

Meanwhile, NT and AS went to a pizza place not too far away. After dance class, the kids and I met them there and had our lunch too. The bus boy brought some raw pizza dough for them to play with, and it occupied them for at least 20 minutes! Awesome idea.

After that we strolled toward the movie theater to see Inside Out. It was 2 hours until the movie time, so we wandered around a festival that happened to be going on that same day. (You're never far from a festival in MN in the summer!) The kids got balloon animals (tipped $1 each) and glitter tattoos (supposed to be $7 each, though we only had $12 cash and they let us get them anyway). Those were the only kid-friendly activities we could find; it was mostly local artists and artisans.

Then we went to the movie. I splurged on popcorn, soda, lemonade, Swedish gummy fish and peanut M&Ms. I think it was $17? At least movie tickets were only $6.50 for grownups and $6 for kids. Anyway, the movie was REALLY good, and the kids were remarkably attentive and quiet. It was SL's first movie-theater experience, so I was really happy with how she behaved especially.

We took the bus home, AA especially jacked-up on sugar (she'd gone through the whole bag of Swedish fish and a ton of lemondade!) but still being cute and funny. She showed her glitter tattoo off to anyone who would pay attention to her (movie cashier, bus driver, etc.) I asked her if this day was as fun as the winter carnival I took her and SL to last year, and she said "Yes" without hesitation. That has been the benchmark family fun day that no other one has lived up to yet, so it's saying a lot!

I am utterly exhausted, but it was a really fun day despite the terrible beginning.

The only thing that bums me out is not getting my dad a father's day gift this year. The day really snuck up on me. I'll email him and also try to think of a belated gift to send him.

Today I worked from home so I could nip out and deliver the second batch of food using the carshare near my house. It was fun, but I'm going to call the guy organizing this and see if I can just arrange to have the food picked up the other days. It's not just the cost of hiring the car, it's the inconvenience. Hopefully he'll understand.

I did get a fair amount of writing done for my job too, which felt good. I was able to turn some things around quickly and also turn one thing in earlier than probably anyone expected.

Our contractor's subcontractor came by tonight with an estimate for the first piece of work we want done, taking an archway out of the living room and removing/walling up a door. At first his quote seemed high -- $6500 -- but then he started going over everything that was included. Finding matching hardwood to fix the floors where the archway was, and doing it in a way where it wouldn't look like just squares of new flooring. Finding wood trim to go over the wall where the door was and having it match our existing hundred-year-old trim. Smoothing out the ceiling (it has a popcorn-type thing). Painting the whole living room. Hauling all the waste away. We decided it was a good deal.

We're also having him do some electrical work for $1500. Adding some outlets, including bringing electricity to our front porch.

So, $8000 total. I'm so glad I have the leftover WV money, because it means we can start right away, vs. waiting about two-three months to save up that amount. The work will start June 29 and likely take three weeks, though he said he'll keep it as clean as possible so we can still use the porch and dining room. I'm really excited about this project because I think it'll really open up the living room and make it look more like a cohesive room. I'll be sure to post before and afters when it's done so you can see what I mean!

Since he'll be painting, we need to decide what color we want. We're going to schedule a consultation with a local paint store, on the recommendation of our across-the-alley neighbor. She said it's just $150 and you get an in-home visit with expert color advice.

Our fence, which was meant to be finished weeks ago, is finally getting moving again. Our downstairs neighbors paid the first half, so we just need to pay the second half. But it's still not done, and plus our neighbor gave them a deposit midway through to get them going again, so he needs to get that back before we pay him. Weird stuff. But the fence looks pretty great so far! It's black chain-link. I hope they finish soon. Kids and dogs will benefit from being able to hang out in the back without us worrying about alley traffic.

Oh! I almost forgot. NT got an email from his UK property manager. Among other things, he said those flats are now selling for around 200K pounds. I have the place listed at 140K in my net worth calculations. I've decided I'll take 10% off as I did with the duplex, to cover what selling it would likely cost. But even then, I can value it at 180K. Our net worth is going to have another huge bump next month then!

One thing I haven't heard is whether we'll get any rental income this month or whether it's all going to cover the additional costs of the reno. If we don't we'll need to either borrow some to cover the mortgage payments or wire some money over. When I thought we'd get some money and only be about 20 pounds short, I thought we'd just borrow from NT's dad. But if we're not getting any income it'll be more like 100 pounds we need. Still galls me to pay $50 to send $160 over, but we might do that to avoid having to borrow that much from either of NT's parents, even short-term. We'll see. I asked him to ask the property manager.

Ever since last night I've been feeling unaccountably anxious. I even had insomnia for part of the night. I wonder if that's a typical reaction of suddenly getting rid of a former source of anxiety that you'd gotten used to having around?

Or it could be this volunteer task I've taken on. I agreed to prepare and deliver meals 5 days this month to a local volunteer organization I admire. There needs to be enough for 20 people who will be canvassing neighborhoods and then coming back to the offices to eat.

I'm providing food today and tomorrow, plus Wednesday and Thursday of next week and Tuesday of the following week.

As I was shopping for ingredients on Monday, it occurred to me that the amount of food I'd be making would make it very difficult for one person to transport by bus. (AS had agreed to deliver for me.) So for today, our downstairs neighbor is going to hire a car or get an Uber and help her. Tomorrow I think I'll work from home and use a carshare to take it over there.

For the other three days, I'm thinking I'll ask if they can pick up the food. I wasn't thinking it through how bulky and heavy a big meal for 20 people would be.

So maybe that's why I'm nervous, all the logistics and planning being more than I counted on. Or maybe it's work; I've got a lot of projects in the air but not too much to work on this week, which might be making me antsy.

Anyway, whatever it is, I know it will pass. I just hate being uneasy; I have no appetite and don't feel very focused.

So, I'll talk about the rest of the windfall from my dad:

It came to just over $80,000(!). As posted earlier, I used about $38,000 to pay off my non-home debt, leaving $42,000. I'm donating 10% of it: $5000 to an environmental nonprofit in that area, and $1000 each for me, NT and AS to donate as we please. (I'm using some of my money to buy groceries for the meals mentioned above.) That leaves $34,000.

My tax guy said he would get back to me with calculations on what to send to the IRS, MN and WV. For now, I've earmarked $18,000 for taxes, but I realize that could change.

I've set aside $1,500 to consult with lawyer, accountant and insurance agent about the pros, cons and possible ramifications of selling part of the duplex to my friends. I may also submit a rough plan to convert our 2-car garage into an accessory dwelling unit. (I don't think we'll be approved because of small lot-to-home size ratio and not enough parking spots, but I'd like to at least try.)

That leaves about $15,000. If I don't need to send any more than I calculate to the federal and state revenue departments, I've decide to use it to speed up the renovations we want to do on our home. It would make us so happy to be able to make some of the desired changes this summer and fall.

Speaking of which, we walked our contractor around (the one who did such good, reasonably priced and speedy work on the condo) and showed him a bunch of the things on our wish list. He helped us prioritize our top few projects, and his main assistant will be coming over Thursday to present estimates on one or more of them.

(Maybe it's the feeling of rapid change -- finally getting to renovate after a year of being stuck -- that's making me feel queasy? No idea.)

Assets:
NT's UK pensions:
#1: 17,105 pounds ($27,368)
#2: 20,501 pounds ($32,801)
#3: 4,452 pounds ($7,123)
NT's 401(k): $36,894
NT's Roth IRA: $7,705
AS's trad. IRA: $15,316
AS's Roth IRA: $22,728
AS's SEP IRA: $4,099
CJ's 401(k): $83,051
CJ's Roth IRA: $7,705
NT's flat: 140,000 pounds ($224,000)
CJ/NT/AS house: $440,000
---
Total Assets: $908,790

Total Debt: $488,621

Current Estimated Net Worth: $420,169

May 2015 estimate: $381,007

Change in net worth: +$39,162

Summary: Awesome change in net worth, though it could have been even better. I started a new retirement account for AS with nearly $4100 in it and added $1800 to her Roth as well as my and NT's regular 401(k) contributions, but we lost over $3000 total among our other retirement account values. We paid off over $39,000 of debt, but also added over $3000 of debt to the duplex mortgage when we refinanced.

I'll update the Individual Net Worth page shortly, breaking it out by person.

Notes on the numbers above: House value estimates are 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 $1.60 for every British pound.

Well, it happened!

We got home from our weekend away yesterday and the checks had arrived. We deposited them right away. I couldn't pay everything off because it takes a business day to process deposits, but I had $12K in my account earmarked for future stuff, so I used that to make a $10K payment on my LOC.

This morning the deposit had cleared, so I went into each online account and paid off all our non-mortgage official debts. It took less than 20 minutes. It was amazing to me what a quick, quiet process it was; I half-expected balloons and confetti to drop and music to start playing!

Here's what I paid off between yesterday and today:
AS student loan $5,988
NT student loan $3,018
NT student loan $4,465
LOC (taken out to help pay off duplex 2nd mortgage) $14,379
Slate CC (taken out to help cover loss on sale of condo) $10,228
Total: $38,078

So...that's it! Our only non-mortgage debt is the loan from NT's mum, which we have a plan for paying through our UK account over the next five months. It's not on the official debt spreadsheet since it was just a bridge loan and we knew we'd pay it back quickly.

Progress this month: $39,379 of debt paid, exceeding the $39,300 goal!

We're in our friends' weekend home until Monday afternoon, but my downstairs neighbor messaged me that he signed for an envelope from WV today.

!!!

My dad called yesterday to say that he'd received the documents, and that the checks were cut. He made the energy guy read the amounts to him over the phone so he could assure us it was the full amount we were expecting.

This morning he emailed to say that the signed, notarized forms were in the mail to the energy company. As soon as they receive it they'll send out the checks.

This possibility has been looming over me for so long (well over a year) that I find it hard to believe it's finally going to happen!

I emailed my tax guy to get his take on how much to send to the IRS. I did a little calculator a while ago and came up with $20,000. I also saw on some tax advice website that income over my and NT's regular income would be taxed at the 28% rate (so $22,400), and the MN website says that bracket is 7.05% ($5,640). So if I don't hear back from the guy, should I just send the IRS $22K and MN $5600?

I decided to add July to my budget spreadsheet, and when I finished moving dates around etc., I realized I now had enough to fund AS's retirement for her second quarter (April-May). So I sent $1104.38 over to her Vanguard SEP. She is now caught up with contributing 10% of her freelance income to retirement!

The next step is to start throwing money at our Roths. They've had virtually no contributions this year, so I'm not sure we'll be able to contribute the max, but we'll see. I'll start with AS's, since she has the least in her total accounts, and see how far I can get this year. I have about $1000 that I can contribute in July.

Last night was parents' night out, which is a wonderful day twice a year when our daycare lady and her husband keep all the kids for a sleepover on a Friday, and you pick them up Saturday late morning!

It was the first one since we'd had money to spare, so we went all out. First, I'd taken the day off because of a weird lull in my projects at work. (They'll pick up again on Monday.) AS and I went shopping and had lunch in downtown. I picked up the last few things my wardrobe was missing. I'd tried all the thrift store and discount store options that were within a reasonable distance, so I finally had to buy some stuff at higher prices than I care to pay for clothes. A cardigan for $37, 2 bras for $40 each, a pair of flats for $49, and 2 pairs of flip flops for $3 each (those were cheap at least!). But, now my wardrobe is in pretty good shape. Unless something wears out, I shouldn't need to buy anything for a while.

Then, we met up with NT and went to happy hour at a sushi place. We just stayed and stayed, ordering a series of small plates in lieu of dinner, as well as bottles of sake. We were there for over four hours! We spent $125 and tipped $25. Then we went for drinks at another place (I just had coffee at that point!). That place came to $46 with tip. So worth it to us!

Tomorrow there's a celebration called "Open Streets" where they block off traffic on a major road and let people walk/bike around. Local vendors set up stalls, musicians play, people take yoga on the street, etc. It's going to be really fun, and the street is only 3 short blocks from us!

Monday through Wednesday, we're doing a raw-foods cleanse. Today we bought a bunch of ingredients for the meals we have planned. I feel like a break from the indulgent eating and drinking will be good for us.

Monday we have a contractor coming over to look at our place while we tell him what we'd like to do with it. He'll help us figure out what's feasible and affordable, and from there we can develop a timeline and start saving up for each stage. That night, we're going to a raw vegan restaurant, and our neighbor is watching the kids and feeding them dinner.

Thursday there's a dads-only daycare event for Father's Day, and a happy hour for my alumni group. It's also technically 60 days from the WV option expiring. I wonder if my dad will hear anything from them?

Friday we have the day off, and we're renting a carshare and driving down to our friends' massive vacation home about 2 hours south of here. We'll drive back Monday afternoon (we have that day off too). I just realized I have a lot of 3- and 4-day weeks in a row all of a sudden!

The following week we have our CSA starting, with a box of fresh veggies to pick up every Thursday. That weekend we have a going-away party for a friend, and it's Father's Day on Sunday. NT still has to decide what he wants to do for it.

The next week we have a going-away party for a fellow alumna, and then it's GLBT Pride weekend with parade, festival and more.

And that's June! That's how summers go here in Minnesota. Everyone's so eager to get together and have fun. Luckily there are some quiet weeknights in there. Sometimes we accidentally overbook ourselves and don't even have that.

That wasn't much of a financial update. I did set up AS's 2nd-quarter tax payments today. I scheduled them for June 15. And I advised one of my two friends whose finances I consult on about what debt she should tackle next -- she's about to pay off her first credit card since we started!

Our fence isn't up yet, but the guy has set a date for this coming week to work on it. Excited!

There was a smash-and-grab burglary on our block, and now our downstairs neighbors want to install a security system. I'm just letting them decide what to do. They just need to do something to make themselves feel better, because the news really freaked them out.

Well, my first payment to the new duplex mortgage hit today, with $650 going to principal.

However, I forgot that when I refinanced, the principal went up by $3821. So overall, my debt balance is higher.

I'll still count my progress based on the old number, so that takes me to $1301 of debt paid, surpassing the smaller June goal by $1! It leaves me with $37,348 to go on the bigger June goal.

The line of credit and 0% credit card payments both hit:
LOC: $231 to principal
CC: $103 (all to principal)

That's $334 total paid toward debt today. That takes us to $651 down, either $649 or $38,649 to go to meet the June goal(s).

Nearly all the LOC payment went to interest, but that's because I made a couple of extra payments in May. Normally I think it would be about $150 to principal.

My new mortgage payment hasn't hit yet. I sent it out last Tuesday and dated the check 5/27, hoping it would hit promptly. Oh well, I'll try not to worry and give it another couple days. Can't wait to get it on autopay! I sent out the request for that as well.

All three UK mortgage payments hit:
UK1: $221 to principal
UK2: $46
UK3: $50

All told, that's $317 down, either $983 or $38,983 to go on the June debt goal.

We had to dip into the overdraft to make these payments since the renovation cleaned us out. We'll be able to pay it back in full with our second income check from the rental. (The first one will be funding the additional reno costs plus mostly covering the July mortgage payments. Once we get the payment from the management company, we'll be able to see if/how far we'll be short on mortgages so we can borrow or wire the money to cover it.)

It's been so nice to have money in the U.S. checking account again. I'll be really glad when our UK account is similarly in the black!

Taking some good advice from one of my last posts, I'm setting two possible goals.

Without the WV money coming through: pay at least $1,300 of debt.

If the WV money comes through: pay at least $39,300 of debt and be debt-free except for mortgages!

I hope I hope I hope it's the second outcome. But it still doesn't feel like a definite that I'm getting that money, so I'm hedging my bets.

This is a first, two possible goals. But then this is an unprecedented windfall that may or may not come through!

Our overpayment of property tax on the condo mortgage was finally refunded. This was the last piece of money connected with the two big closings last month: the sale of the condo and the refinance of the duplex.

I allotted a third toward making up AS's retirement contributions that were delayed, a third to debt payment, and a third to our shared spending money.

Of the $356 I sent to our highest-interest debt, the line of credit, $330 went to principal. That takes us to $998 of debt paid in May.

AS and I got the SEP/traditional IRA confusion sorted out, seemingly, so I'm going to dump more money into it for her. $2029.29 -- 10% of her earnings for the first quarter of 2015.

NT's student loan hit, with $42 going to principal. That takes us to $668 paid for the month of May.

Also, our new fridge got delivered today! I love it! We ended up getting the cheapest option of the most expensive type of fridge (36 inch wide, French door, bottom freezer, water dispenser). It was on sale but still more than I thought we'd end up paying. The extra cubic feet sold me! Especially during CSA months and the holidays, our fridge can get really stuffed with space-hogging fresh produce.

I spoke to my dad today, and he hasn't heard anything more about setting up a "closing" on the WV right-of-way deal. He said he'll give them until June 15 and then check in. They took the option in mid-April and told him they'd contact him for a closing within 60 days.

Our new fence should be installed within the next week or so. That will make the backyard one of the first places that feels really redone, so I will share before and after pics when it's up. The rest of our spaces have a long way to go but I'll try to take "before" pics of all of them before we really get going on them.

I realized my 20-year college reunion is next year in early June, and I really want to go. That may mean a trip to New York in early June as well as our England/Spain in late June/early July. We'll see!

A quick check-in before our day of shopping begins!

AS's student loan hit, with $142 going to principal. That takes us to $626 of debt paid, exceeding our $500 goal.

I have a few days before I need to set my June debt goal, but I'm already wondering; do I roll the dice, assume that my dad's WV deal is going to go through on schedule and that I'll be able to pay off all my non-mortgage debt? Or should I set a modest goal and just be elated if it turns out to be much, much more?

My debt goals are my own little motivator so it makes absolutely no difference in real life. Just something I'm idly wondering about.

After the great suggestions on one of my recent posts, I went back to the drawing board to think if there were other ways to pay the rental management company besides by wiring money. I suggested to NT either charging to his UK credit card or asking if they would take it out of our upcoming rental income.

They agreed to the latter, so we don't have to wire money! The only drawback is we'll be a bit short on July mortgage payments, probably only about 10 to 20 pounds. We're going to try and request an overdraft increase to cover that little bit. Then we should be all right for the July mortgage payments, and we can start paying NT's mum back with the second month of rental income. I think we can pay her back in 4 or 5 months. Hopefully by October since that's what we told her. We can always find another way to pay her back by then if we don't have enough rental income to get it done.

I also checked out credit cards with good travel rewards and bonus offers, and decided on a Capital One Venture card. $400 worth of travel if you spend $3000 in the first 3 months, plus you earn I think 1.5 or 2 points per dollar on spending; no annual fee the first year. NT applied for one first; if he's approved we'll put everything on that card and once it's clear we'll meet the spending requirement for the bonus, I'll apply for one and then AS. With home improvement stuff on top of regular spending it shouldn't be a problem to meet the amount for three cards as long as we stagger the opening of them. That could mean $1200+ off the airfare for our UK/Spain vacation next year!

***

It's been such a great holiday weekend. The kids go back to daycare tomorrow but we adults have one more day off tomorrow.

Friday, NT and AA went to a father-daughter test thing for a study being done at the university. They had fun; there were lots of toys and games worked in to the tests. SL and I did some of the grocery shopping and had some mom-daughter bonding time while AS worked on a freelance project.

That evening, after the kids' naps and dinner, AS kept working while the rest of us went for a walk, got some ice cream, and stopped by a playground for a little while. AS ordered cake and ice cream from a local pizza place later that night so she didn't feel like she missed out. She made good progress on the project and only had to work on it for short bursts the rest of the holiday weekend.

Saturday we had a leisurely day mostly at home. NT did the rest of the grocery shopping. AA, NT and I went for a walk around the neighborhood in the afternoon, stopping very often to examine flowers and plants. We stopped by the doughnut shop but they were sold out, so we walked to a cafe and bought cookies. Then we passed a yard sale and AA bought a framed photo of a butterfly plus a cup of lemonade from some other kids. A free-standing hammock we'd ordered was delivered and NT set it up on the front porch. It was in high demand the remainder of the weekend! It's wonderful, very comfortable and sturdy.

Sunday NT was at a music festival all day. AS and I took the kids out for brunch at a nearby restaurant. It was raining but not too hard, and we had umbrellas so it wasn't unpleasant. AS and I played videogames at home and sporadically did some chores: laundry and dishes mostly.

Today we headed out to the playground again; it was cloudy but the weather held. We stopped at the pizza place after the playground and had lunch. While the kids napped, AS and I went to a thrift store that had a 50% off sale. We managed to find a lot of really nice stuff. Between us we got 10 tops, 9 pairs of jeans, a dress, a purse, and some costume jewelry for the kids for $95. Less than $4 per item! We stopped off at Subway for drinks because we were dying of thirst after hours of shopping and trying things on. When AS and I got home, NT and I took the kids (and our neighbors' dog) for a walk around the neighborhood. NT grilled veggie hot dogs and apples on the front porch for dinner.

Tomorrow we plan to drop the kids off at daycare, have breakfast together, and then have a full day of shopping: first to Warners Stellian to pick out a fridge, then to Ikea for various household goods (we've got a list so hopefully we don't get sucked into TOO many impulse purchases), and JCPenney for some clothes needs and wants (suit and shoes for NT, shoes for me).

It's nice to have money to play with again. I feel we're all being very intentional about spending it on things we want or need, or experiences that are relaxing or make us feel good. And I'm still tracking everything very closely to make sure we don't go over the amounts allotted.