Im so ready to dust my hands of 2013 and get on with the new year!
2013 was a year of financial success, in that I was promoted at work, we paid off massive debt and boosted retirement savings.
But emotionally, it was a train wreck kindof year. A painful test of the marriage - ugh, and our loss of little Z (foster child who was placed with bio-gma after 2.5 years with DD2).
I moved out of my city home and into a 390 sq ft country home- (and am now on month #8!) Small space living has its benefits, but country living on a well has proven to be more stressful than I imagined, especially this past month with the frozen pipes. I am still undecided if I will continue here after the year is up or not.
Ready to put the year behind me, and focus on the excitement of, with the exception of the houses and 5th wheel, being completely debt free. And REALLY heading towards retirement goals.
Personally, I have set goals to misplace 5 lbs per month- somewhere other than my waist and hips and to carve out time one weekend a month for me.
Well, here's to a Happy New Year to all!
Viewing the '2013 Goals' Category
Im so ready to dust my hands of 2013 and get on with the new year!
The hub is home from Alaska. Yesterday, the poor guy slept almost all afternoon, evening and night. He has been working crazy long hours- then got stuck in Seattle on the way home because of fog, and ended up sleeping in the airport. Needless to say, by the time he got home he was exhausted.
Unfortunately, this morning he was heading outside and slipped on the top step off the porch and landed on his back against one of the steps. OUCH. He took a muscle relaxer and pain pill..and has been out most of the day again today.
Since I've had quite a bit of free time, I decided to crunch numbers to see how we did this past year.
We started 2013 with a staggering $63,226 of debt ( not including the houses). We ended the year with $24,000- which means we paid off $39,226 or 62%. WOW. We anticipate paying the remaining $24,000 by May.
My retirement fund has done well this past year. At the beginning of the year the value- $71,519 and it has grown to $112,886- a $41367 increase!
The value of our homes has increased a combined $32,600. We owe appx $410k on the two homes, their value is appx $445k. A nice increase from where we bottomed out the past couple years (we were seriously in the red for a while). At least we are back in the black on paper on these homes.
I feel like we are finally making strides towards paying everything off and eventually retiring. That is, if I can keep the hub on his feet.
Im looking forward to setting our goals for 2014. I expect a fairly nice annual pay increase in February- which will be split between increasing the mortgage payments and the 401k contributions.
I will be working on our 2014 budget soon and I want to make sure to include a few things that we didn't include in 2013.
1. A line item for cold weather gear for the hub. This year we spent just over $500- boots, under armor, caps, gloves, socks, etc. So I will add a new line item for $42 per month.
2. Donations for co-workers and their kids/grandkids. Holy canoly has this year been an expensive one for all the requests for every-thing-a-thons, raffles, popcorn, cookie dough, etc. We used to have a policy against these solicitations ..but apparently that is no longer the case. I understand the importance of fundraising, but it is frustrating to have so many requests happen at work. My solution is to determine an amount I am comfortable with and make the donations accordingly. When it is gone, its gone.
3. Challenge every line item expense. Is it still necessary, or is it time to reduce or eliminate? I think this is an important thing to do each year.
4. Increase our 401ks according to pay increases and debt payoff. I anticipate a 5-6% pay increase in February. We will also be credit card debt free by May. Once that happens, our 401k's should be increased accordingly.
I don't want to lose track of these.
Update on Z-
It all boils down to next week. As of today, DD2 has been instructed to pack all of Zs belongings and drop him off on Tuesday morning at the DHS office- where he will meet gramma and fly out that day.
However, as of today, there is a court hearing set for Monday that may reverse the decision- so that bio-dad can continue his custody-placement requirements. His attorney says he has a case and may well get the transfer stopped.
What a roller-coaster.
As planned, I paid my car off today! I am excited that our repayment goals are on track!
This leaves the house payments, the trailer payment and two credit cards. One CC is zero interest. The other, is from my job and we earn 1% cash back plus a 10% rebate at the end of the year. Regardless, the latter will be the next to be paid off, which will happen by April.
The car that I paid off today is a 2005 Kia Amanti that we bought used in 2007. It has 80k miles on it. I hope to have many years left on it. We will continue to pay 'payments' into savings to either pay for repairs, or pay for a new car someday.
We are enjoying our last night at the lodge tonight. It has been a wonderful weekend.
All four of my kids, their spouses, DD3's friend, the kids uncle, the hub and I were here to enjoy it.
On Thursday night, we arrived and ordered pizzas. We started the annual Christmas puzzle and played a new card game that I found online. It was a blast.
Friday, we all hung out at the house, visiting, watching a movie, putting the puzzle together, playing card games, shuffle board,
the hot tub...such fun. Friday night we had a Costume party. Ds and his wife were a gansta and flapper girl, DD1 and her hub- the sheriff from Walking dead and a zombie...everyone else just dressed up comical. DD1 made chimichangas for dinner and we played the card game again.
Today, Saturday, we went to the outlet stores and shopped for a while, then came back and sat in the hot tub, worked on the puzzle, played shuffle board and watched another movie. Tonight DS and DIL are making an Olive Garden inspired dinner. We are all working on the puzzle to finish it by morning.
This has been an amazing weekend. All the kids have enjoyed their mini-get-away.
This house is gorgeous. Its about 5000 sq ft. Has 7 master bedrooms, each with its own bath- so the kids all have their own space. Their is a huge gourmet kitchen, a big living room and a big entertainment room upstairs. The master bedroom, that the hub and I stayed in has a soaking tub, which I have thoroughly enjoyed.
This was not an inexpensive trip, but it was money well spent in the amount of time I spent with the kids and the time we have enjoyed. I think everyone has had a wonderful time and have created memories that will last. It will be sad to leave tomorrow.
This will hopefully become a biannual tradition that we can look forward to.
The view from the back, upstairs balcony-
DD2 got a call out of the blue yesterday from Zs bio dad and paternal grandmother. (Dad and his family have not been in the picture since Z was taken into the foster system almost 2.5 years ago) It sounds like dad took steps over 6 months ago to get himself cleaned up and was ready to see Z. The family was together for great-grandmas birthday and wanted to see Z. Turned out, dad has been clean for 6 months, has a job, a home, and really wants a chance with (custody of) Z- they asked if they could see him today and DD2 got permission and met them. And what makes me smile, is that dad/family are local. Z would be nearby. COuld this be our answer to prayer? I am not sure. But Zs transition to his maternal grandmother has stalled so many times, for so many reasons, maybe there is a bigger plan for him. After the visit today, dad is going to make the phone calls on Monday to see what he can do. We aren't getting our hopes too high, but this could be a potential game changer for Zs destiny.
This past week was very busy, but here are the highlights:
I received my 3rd quarter eval and it was very positive. I have grown into the new title and am on track to get a very good end of year eval/raise. (5-5.5% raise!)
I learned my office will be moving (our department is moving) to an older building that the job owns. It will most likely be for a year, while a new addition is built on the current location. But it is going to be a change. My current office has beautiful furniture and a big window/view...my new workspace (maybe office?) will have no windows and the furniture will most likely be old pieced-together items from storage. Its all good. I am of a mindset that I can work anywhere, so long as I have a desk and a computer. (Kinda like moving from my big house to this little house...its not what you look at that matters, its what you see.)
The really interesting thing about the new work location is that it is literally 5 minutes from my house in town. Hmmm...
We are about 3 weeks away from paying off my car!! This is one of our BHAG action steps! (BHAG= Big Hairy A## Goal, which is to retire by 60)
We will be down to a zero interest CC, which must be paid off in April, and our final CC, which will be paid off by April-May. After that, we have our 5th wheel and the house to payoff. 5th wheel will be paid off 1st qtr 2015. House, by BHAG time.
Tonight my sweet little 4 yo granddaughter is sleeping over. She is such a gorgeous little girl. Blonde hair down to her behind and great big blue eyes. And very sweet. We are having fun. She is also Z's 'big sister" She was 1 1/2 when Z moved in with them.
Tomorrow I plan to take little miss home and then have some free time in the afternoon/evening. One week until vacation!!
I received a post on Facebook this morning that today is the kickoff for Christmas Countdown. This is a six week plan that helps you get ready for Christmas. Where did this year go? My goodness. Anyway, I do find that organizing ahead of time helps me avoid last minute craziness for the holiday.
I don't have anything on the agenda today outside of football....housework, laundry and making soup in the slow cooker. All the latter are chores that will help keep me on track for the work week ahead. It is a beautiful sunny day, so I should be able to hang all of the laundry outside. (yay!) I splurged on some wonderful smelling fabric softener just for line dry days. I cant wait to see how the sheets turn out!!
The hubs employer was sold recently. (this is the third time since he has worked for them) The good news is that his new 401k has a 5% match! He faxed off the paperwork this morning to enroll and get started. We will start with 5% and up the amount as we pay things off. My 401k has an 8% match, which I have always taken advantage of.
The value on our homes continues to rise. I sure hope this trend holds until we sell the city house next summer. I would love to show a profit for that purchase. By then, we should be debt free except for the country house. Our plan then is to maximize 401k savings and focus on paying off the country house. All part of our BHAG goal of me retiring by 60 and the hub cutting back at 55. (He is 7 years younger than me)
Time to start the laundry and get the soup going. I hope everyone has a fabulous day!