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Archive for May, 2012

Almost there.

May 29th, 2012 at 01:12 pm

At the end of this week, July, August and September mortgage payments will be paid. This include an extra $1,400 in extra principal for each of these months. I transferred from our savings to pay for it but I'm hoping to be able to put all of that money back by the end of June. I'm excited that we are only $1,441.00 away from meeting one of 2012 goals of paying $30K towards the principal of the house. /

May's debt repayment and a little more

May 18th, 2012 at 08:54 pm

Iím closing the books on Mayís debt repayment even though there are 13 days left in the month. We paid $4,200 towards the principal of the mortgage, $700 towards the car loan and $394.21 regular truck payment. This is a total of $5,294.21. The mortgage principal in our amortization table is on year 2015/February. Weíre already prepaying the mortgage and extra principal for the summer months, since both my husband and I are ten months employees. My hubby usually gets a summer job but I donít count on it. A while back I set some goals to continue paying on the principal and the summer mortgage payments. I like setting short and long term goals and writing them down. I get a kick out of crossing things off my list and reducing the balances. It keeps me faithful to the debt reduction goals. Here is an example:
Summer Mortgage principal goals:
[ X ] April 30th--$1,400.00 Mayís extra principal payment
[ X ] May 15th--$2,800.00 June/July extra principal payment
[ ] May 30th-$1,771.00 Juneís mortgage payment
[ ] June 15th-$3,171.00 Julyís mortgage and August extra principal
[ ] June 30th-$3,542.00 August and September mortgage payments
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Lots going on next month; Sport banquet, senior award ceremony, senior prom graduation and graduation party. Iím excited and nervous at the same for DS#2. He is also very nervous and the other day he told me he doesnít want to graduate . I always reassure him that he just has to take steps towards building a future. DS#1 started working full-time and worked 75 hours in the last two weeks.

Well this is all I have for you. I hope you all have a blessed, happy frugal weekend!

Extravagant purchase

May 14th, 2012 at 07:21 pm

Treated myself to a Coach purse, but not the kind I had anticipated to get. I've had the same purse for many years and it was time to get another one. Of course, I could've gotten a less expensive one but this time I chose quality vs. price ($197 + tax). I'm really excited about my purchase. I also ordered five Playbill frames to create a nice wall in our family room. I bought the economy frames which ended up costing $70.70 (including shipping). So far, I've seen 4 Broadway shows and the Christmas Spectacular, but I can't find one of the Playbills. I love living so close to New York City. I think the wall will look pretty cool!

Outing and little more

May 13th, 2012 at 12:23 pm

Evita on Broadway was incredibly awesome. My favorites were Ricky Martin as Che Guevarra and Elena Rogers as Evita Peron. The cost of this wonderful outing was $234.48, which included show ticket,round trip train ticket, a snack and some wonderful Cuban food (dessert included). I came under budget, since I estimated that the cost would be $250.00. We are already planning our next Broadway show. Most likely we will see Wicked or Sister Act. All in all, I had a wonderful time with five wonderful ladies!
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I have a few items I would like to purchase for myself. I really want to get a small Coach bag (crossbody type) to take with me for when I go into New York City. The small bag I have is really not practical and I can barely fit what I need to take with me. I'll have to shop around for it. I also want a Pandora bracelet (the ones you can add customized charms to it). I think they are beautiful. I have some leftover Mother's Day gift money so let's how far I can get.
I do have to get on the saving mode again. I've been spending way too much money on eating out.

Well this is for today! I hope that you all have a wonderful day and Happy Mother's Day to all my fellow moms here.

Update

May 5th, 2012 at 01:56 pm

I'm excited to tell you that in the coming week we'll be making the last college tuition payment for DS#1. In total, his college education cost us about $41,000. All of it was paid in cash and we feel so blessed and grateful to have been able to gift him the start of his young adult life debt-free. He has worked part-time since the summer prior to his senior year in high school and still works with the same employer. He paid for gas, books, parking permits and personal expenses for the past four years. As a matter fact, he will start working full-time as of Tuesday of this week. His employer is accommodating his college schedule in the fall since he's only four credits left to complete his degree.

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DS#2 will graduate from high school next month and as expected we have incurred some expenses. Here's the rundown:

yearbook: $117
cap and gown: $25
Senior pictures: $125
Wrestling/Lacrosse banquets: $120
Project graduation: $100 (drug/alcohol-free school sponsored actitity after graduation ceremony)
Senior Prom bid: $95
Senior Prom Tuxedo: $150
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Next weekend I'm headed to New York City to watch Evita on Broadway. I almost cannot contain my excitement. Needless to say this will be a rather expensive outing. Train fare, dinner in the city and show ticket will probably hit the $250 mark.
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On the mortgage front, we made a $1,400.00 principal payment May 1st. We are making good progress on this mortgage payoff goal. I will continue to keep you posted.

I guess this is it for today! I hope you all have a great and frugal weekend.

P.S. I miss Pennywise Meanderings posts; I hope she is okay.