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Archive for August, 2009

40th Birthday today

August 22nd, 2009 at 09:10 am

Today is my 40th b-day! I got an Ipod Touch from my hubbie and a beautiful heart locket with 5 charms from my boys. The charms were carefully selected and they are: a heart which reads "my boys", my initial, my birthstone, a dog paw (I just adore dogs) and an apple which reads "special teacher". Later we'll go out to dinner. Our get together had to be cancelled do to the weather.



Deck

August 21st, 2009 at 09:02 am

Our deck is completely finished! We'll have to wait until next summer to stain it. It's recommended that we allow a whole year of wet and drying cycles before stain it. The cost: approximately $2000.00. We saved whatever we could from the old deck. We paid cash for everything. What do you think?





Max relaxing!

Our family budget unveiled!

August 19th, 2009 at 01:13 pm

Come September we will be living on a strict budget because it will enable us to make a dent on paying off our mortgage. I read something that inspired me today from one of my favorite websites (moneysavingmom.com). She wants to purchase a home by paying for it without taking a mortgage. She says that she is committed to her goals and works at them with gazelle-like passion to see them to fruition!

I have worked on our household budget and I want to share it with you.
All of our extra income will be going towards savings, retirement and mortgage principal. Just a note: the extra $1,600.00 comes from the money we collect from our rental property which is completely paid off. Suggestions welcomed!

P.S. Remember that I live in NJ and our property taxes are one of the highest in the nation.
OUR FAMILY BUDGET

MORTGAGE $1684.00 (includes $200 towards Principal)
PROPERTY TAXES #1 810.00
PROPERTY TAXES #2 302.00
HEATING OIL 300.00
TRIPLE PLAY 107.00
ELECTRICITY 95.00
WATER 30.00
SEWER BILL 30.00
MISCELLANEOUS 100.00
FOOD 400.00
CAR GAS 100.00
UMBRELLA INSURANCE 40.00
RENTAL HOMEOWNERS INSURANCE 220.00
CAR INSURANCE 232.00
BOILER AND TANK INS. 45.00
2008 GMC TRUCK 397.00
CREDIT CARDS 200.00
TUITION 600.00
SUMMER MONTHS FUND 550.00

TOTAL: $6,242.00
MONTHLY INCOME $7000.00
ADDITIONAL INCOME: $1,600.00


Some financial news

August 15th, 2009 at 06:20 pm

I have two weeks before I begin working again. I'm hoping we can finish the summer without using the $5000 I transfered from the summer fund to the money market account. I'm crossing my fingers.

A while back I posted that my husband opted out of the health insurance at work because I carry health insurance and don't have to contribute any money towards it and he does. He will get a total of $720 a month for declining it and we decided that at least this year we will put that money towards bringing down the principal of our mortgage, which is $245,000.

A week from today, I'll join the big 40 club and we're having a small gathering on my birthday. The deck is coming along nicely and I'll post pics when it's all done. I think the total bill for that will be $2000. Oh... guess what? The property taxes on our rental property went from $4100 to $3,026. The local government reassessed all of the town properties resulting in a decrease. That was sweet. It's been an expensive weekend, but I can't complaint.

Weight loss update #2

August 9th, 2009 at 06:30 pm

I've been on Weight Watchers for almost 7 weeks now. I've lost about 15 pounds so far. I'm also trying to eliminate meat from my diet and eat more of a plant-based diet.

Calling all Vegetarians.

August 6th, 2009 at 02:52 pm

I'm taking a wellness class and I want to learn more about becoming a vegetarian. Any vegeterians out there with any helpful web links to learn more about it? Thanks!

Feeling empowered

August 5th, 2009 at 10:53 am

I had to pay my son's fall semester tuition today. I could've paid online, but we had to submit proof of health insurance, otherwise the college would have charged an extra $93. As I stood in line to pay the bill, I could not help but to feel empowered that I could pay for this bill without going into debt. Yes, we could easily live beyond our means and believe me I have moments in which I want to spent money without thinking things through. Saving will continue to be a priority and acquiring debt will continue to be scrutinized in our home. I just to have to share this with you.