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Archive for July, 2018

Update

July 18th, 2018 at 06:06 am

We met our final Mini Lofty Savings Goal today. If everything goes as planned, next month we will hit our final savings goal number. Meeting this goal will allow us to buy the retirement home, furnish it and buy a used car while having enough savings in the emergency fund. It's been a long road of sacrifice, intentional frugality (which can be exhausting at times), but we are finally coming full circle.

On another note, I'm obsessed with Debbie Macomber's Cedar Cove romantic novels. I've read four of thirteen of the books. I, of course, have borrowed all of them from my local library. I like that can request a "large print" and they'll find it for me. My sight has been getting worse as I age Frown. I've decided to make a donation to the children's library at Christmas time.

The month of July is more than half done so I better get busy working of some things that will help me get ahead of the school year. How's your summer going?

End of fiscal year

July 15th, 2018 at 07:26 am

Our household fiscal year begins and ends on June 30th of each year. Both my husband and I work for school districts. I just calculated our rate of savings and retirement account funding and I am please to say that we lived on 40% of our total income (including rental property revenue). The forty percent includes mortgage, utilities, groceries insurance policies and a few small luxuries. I for see a drop in savings from here on since 1) my husband is earning less, 2) we will be paying on retirement home come November 3) we will spending a considerable amount of money in airfare in the coming years.As the CFO of our home, I will try to save at least 45% of our net income in the coming years. All in all, I think we are doing a good job at managing our finances.

Central Air

July 5th, 2018 at 07:34 pm

There is only one thing I miss from our previous home: Central Air Conditioning. We've been at our "new" home for nearly four years and we've been talking about installing central air. This summer, so far has been unbearable. Our upstairs floor is a literally a sauna. We have fans going and my son has a window unit in his room but I hate those things. I think we are finally pulling the plug and getting estimates on the cost of installation. We are toying with the idea of getting a ductless system but we have not decided yet. I just hope that it doesn't cost more than $10K as we are paying cash for the system. I will keep you posted.