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Archive for February, 2013

Delayed purchase pays off

February 24th, 2013 at 03:11 pm

A week after the Super Bowl, my hubby walked into a Best Buy and got a super deal on a 50" Panasonic plasma TV. We've been wanting to buy one for quite sometime, but we chose to delay the purchase until we found a good deal. Today, we finally mounted the tv to the wall above the fireplace mantle and it looks awesome. We paid less than $500 and bought the mounting bracket for $28 at Amazon. It pays to wait!

February Debt Repayment update

February 22nd, 2013 at 07:43 am

Debt repayment for the month of February is: $5,288.48. Mortgage principal paydown was $4,516.48 and the remaining amount covered car loan payments. The mortgage balance is now below the $80K mark. /

A question for MonkeyMama

February 21st, 2013 at 06:02 am

We are selling our rental property to our sons and we are gifting them 20% equity. The purchase price is $140K but he is taking a loan out for $112K. We paid $109K in 1998. My question is, do we pay capital gains on on $140K or the $112K minus the purchase price. Thanks!

Probable Mortgage Payoff

February 18th, 2013 at 04:02 pm

We have agreed to sell our rental property to our son. He is paying fair market value for it and he qualified for the loan himself. He is using Chase for the loan. If everything goes according to plan, he will close on the loan mid March. We plan to payoff our home and any leftover money will be going to savings. Hopefully things will go through without a hitch.

Reducing debt

February 16th, 2013 at 04:42 am

Hubby's monthly overtime check was pretty hefty (a little over $1K) so I decided to make a nice mortgage principal payment of $2,100. I think that by March 1st, our mortgage balance will be under $80K. I love to see the balance go down fast. I just realized that one of our vehicle loan has a little over one year to be paid in full. /

Mortgage, SAD and freebies

February 2nd, 2013 at 10:18 am

Our mortgage payment is $1,770.79 and this month $1,502 went to the principal and the rest to interest. I was so excited to see this. Our mortgage balance is $83,955.48 down from $243,500 25 months ago when we refinanced to a 15 year mortgage. I'm so pumped to get rid of this debt.

Okay, so Seasonal Affective Disorder is really kicking my butt this winter. I finally bought a light box (Lightphoria Sad Light Therapy, 10,000 lux). It had great reviews in Amazon and got it for $40 less than I had originally anticipated. I also bought the book Winter Blues: Everything You Need to Know to Beat Seasonal Affective Disorder by Norman E. Rosenthal. At this point, I'm willing to try anything to get better. I'll give you an update soon.

As for freebies, the two items mentioned above cost $72.20 but between using my Amazon Rewards credit card and Swagbucks Amazon gift cards, I only paid $1.76 out of pocket. I could have gotten both thing completely free if I waited for a $5 Amazon gift card to post in my Swagbucks account, but I could not wait any longer. My hubby and I also took our puppy to the town sponsored clinic to get his rabbies shot (saved about $30).

I wasn't feeling well all last week so I had to put Zumba and threadmill on hold for a while. Today, I will resume Zumba.

Well this is it for today, I hope you all have a wonderful and frugal week.