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NO GO

February 16th, 2018 at 07:47 pm

It looks like a move will not be a positive financial move for us. Most of the houses I liked required a high HOA monthly fee, have higher taxes than surrounding areas and we are short by at least $70K (if we were to buy cash). I am not upset, we've worked so hard, sacrificed too much to lose what we have to a hasty and bad decision on our part. I think logically and put emotions aside when making financial decisions.

For now, we will continue to save money and live it up a bit. On a bright side, I am soaking the sun as much as I can in this beautiful February Florida weather.

Pay day

February 14th, 2018 at 08:29 am

Pay day for us today; here is the rundown:

$150.00 to Roth IRA
$125.88 to mortgage principal
Pay quarterly property taxes Frown
$300.00 to savings

We are doing great following the bare bones budget. I will not include my trip expenses since it was planned way before deciding to follow a strict budget.

Meals

February 13th, 2018 at 05:19 pm

My DS#2 and my hubby will be home on their own for four days. I really don't want them to spend too much money on take out so I left three dinners in the fridge for them to reheat in the microwave. They can order pizza on Sunday and God willingly, I'll be home on Monday.

I am looking forward to the Florida sun and it seems like the weather will be nice.

Update

February 10th, 2018 at 03:02 pm

-Mini Lofty Savings Goal Part II is 30% funded.

-Our quarterly property taxes are due on Monday to the tune of $1800 Frown.

- Headed to FL on Wednesday; real estate market seems to be a seller's market as it is here in New Jersey. I am going to check things out but in a perfect world, we would like to pay for a house using cash. It seems like we are short of that $60K. Let see what happens; the purpose of this trip is to feel the market and we are not buying anything yet. In the event that a move is not possible; here is the plan...

This month, we are running a bare bones budget (mortgage, property taxes, HO insurance and household bills). We want to see if I can leave my job and live on much less than my current salary. I really need out as it is taking a toll on my health. I am prepared to do what it takes to feel better about where I spend eight hours of my day.
Let's see what happens.

My Seasonal Affective Disorder has been better this year so far. I just had a few days when it was very difficult to function. I am eagerly awaiting for Spring to come. Looking forward to the Florida sunshine.

Retirement Milestone

February 1st, 2018 at 08:19 am

As you may already know, I did not start contributing continuously to retirement accounts until I was in my late 30s. Ten years later, I finally hit the $100K mark (not including what I already have in a state pension). I'm hoping this amount is not short lived but I am super excited about making a small dent on retirement category.

January's outcome

January 29th, 2018 at 02:59 pm

I'm closing January since tomorrow is payday and all money has been allocated. And this is how it went...

Overall savings increased by 4.5%
Roth contributions contributions in January $300.00
Extra Mortgage Principal in January $325.00

---

We are thankful that my hubby is still employed. I hope and pray that his job continues for the rest of the year and next year as he will be eligible to collect a full pension with 25 years of service which will include health benefits. If not, we will cross that hurdle when the time comes. As the CFO in our home, I will try to save as much as possible.

Thrift and others going through health and financial issues please know that you are in my thoughts and prayers.

The future

January 28th, 2018 at 07:05 am

Thinking about the future. It's scary but I don't want FEAR to win this battle. I'm 48 years old and I do want to live life under my own terms as much as possible. Next month, we begin our search for a home in another state. I told my husband that I refuse to settle for just any house. I am not looking for luxury; I just want a home that meets our needs and one we can be happy living in.

If by any chance our move is stalled or not possible, I decided that I will resign from my job sooner than later. I am grateful that it is a good paying job and that it has afforded us many financial opportunities, but I honestly have a really hard time going to work every day. My husband is supportive of my decision and he is willing to continue working until I find a good place to work. We will definitely have to tighten our belts but we are no strangers to making sacrifices and we have enough funds in savings to help us move forward. Until then, we will continue hoarding money.

On another note, Mom is back home. She left yesterday and when I talk to her on the phone she sounded so upbeat and happy. I am happy for her.

MLSG Part II begins

January 19th, 2018 at 10:02 am

Part II of the Mini Lofty Savings Goal is on! I hoping to be able to complete part II and part III by June 30th when the new fiscal year begins at work. It's going to take discipline but I think I can do it!

My mom is going home next week. Too cold for her here. I am cooking a special meal before she lives. I will miss her but I know that this is not her home.

Have a great weekend.

Leap of Faith

January 18th, 2018 at 07:20 am

Mini Lofty Savings Goal Part I is fully funded! I am on to Part II of this goal with the same amount as Part I. This is an ongoing effort since we have big plans for this money.

I am going on a personal mission/mini vacation next month. I am hoping to visit a few towns/cities we are considering moving to in the near future. Winters in New Jersey really take a toll on my body, mind and soul and we feel it is time to consider a move to warmer pastures. Our children are now grown men with decent jobs and doing well for themselves and are very supportive of us. DS #1 is actually making the trip with me!We've given them the best life possible within our means. I am optimistic and feel that we are on the right track to make this happen.

I may add that we will have an income that will help sustain us while we settled. Hubby will a collect a small state pension and some other sources of income from rental properties. I will look for work once I am settled since I am ten years younger than my husband.

Any Floridians here? Any suggestions?

Update

January 14th, 2018 at 08:25 am

This pay period:

Mini Lofty Savings Goal is at 90.2%. I hope to meet this goal by February. This savings goal will be ongoing and in smaller amounts.

To date 2018 Roth IRA contributions-$200

Goal is to contribute $2750 by June 30th and the remaining $2750 by December 31st.

Mortgage Principal Reduction Extravaganza-$200
I wish I could do more but with Hub's job on shaky grounds, I have no choice but to be cautious.

Have a great work week!

Update

January 14th, 2018 at 08:25 am

Quick update

January 6th, 2018 at 06:40 pm

Mini Lofty Savings Goals sits at 60.5%.

We made some progress on the mortgage principal the last months of 2017 but because of the uncertainty of hubby's job still lingers, we decided to stop paying extra on the principal.

We have plans that I will share with you in due time.

I sincerely hope you all have a great 2018 and please send positive vibes or prayers to all our fellow SA bloggers, especially Thriftorama.

Roth IRA

December 30th, 2017 at 07:07 pm

My first Roth IRA contribution for 2018 is setup to withdraw from my checking account on January 2nd. The goal is to have $2750 in contributions by June 30th and the rest by December 31, 2018. My intentions are to fully fund the Roth IRA in 2018. This year I was able to fully fund it for the first time ever.

2017 Ups and Downs

December 29th, 2017 at 07:15 pm

2017 Financial Ups

We managed to live on 50% of our income and save the rest.

We bought a two-family house which will produce income each month if it remains fully rented.

Both my husband and I are gainfully employed and hoping to stay that way.

Managed to pay an extra $5K to the mortgage principal.

Fully funded my Roth IRA for the first time ever.

2017 Financial Downs

Hubby's job has been very stressful

We paid $46 in interest on a credit card because I forgot to do an automatic payment. Live and Learn; totally mea culpa.

Personal Ups

Husband and I both celebrated our 27th wedding anniversary.

DS#2 graduated college with no debt.

Personal Downs:

I lost my Sister in March to complications of End Stage Renal Failure. I miss her every single day of my life. Miss her voice and her craziness.

I did not lose any weight Frown

My extended family were hit with a Category 5 Hurricane turning their lives upside down.

Hoping for a happy, healthy and Prosperous New Year for all of you! Happy 2018!

Savings/Life/Retirement

December 21st, 2017 at 04:11 pm

Mini Lofty Savings Goal will be at 13% tomorrow. Tomorrow is my last day of work 'till January 2nd.
Our Christmas expenditures came right about $200 including our share of the Christmas meal. The stocking idea pretty much helped us a great deal.

We are facing some uncertainties with my hubby's job so I want to be cautious and continue to save as much as we can to so that we can weather choppy waters. Unfortunately, I will not continue to knock off the mortgage debt until we have a clearer picture of where his job stands. I rather be safe than sorry.

Mortgage retirement funds (not including the state pension)is nearing the $100K. I know it is not much but considering I did not work outside the home in my twenties and majority of my thirties, I think it it's okay. We have some money tied up to real estate and we are fine with that.

Principal/Savings Goal

December 15th, 2017 at 05:53 pm

It was payday today. Mini Lofty Savings Goal stands at 20% and we've officially wiped 12 months from our 30 year mortgage by paying extra on the principal. That my fellow bloggers makes me really excited!

It's been bitter cold in New Jersey, making this Caribbean gal yearn for warm weather. I am, however, managing my Seasonal Affective Disorder thus far. Hoping for better temps soon.

We did it!!!

November 22nd, 2017 at 03:33 pm

The Lofty Savings Goal is officially funded!!!! Hard work, sacrifice and determination helped us accomplish this goal. From this point forward, we will continue saving but not as intensely as before. All our efforts are now focused on killing that mortgage.

2017 has been a really rough year for me but I am thankful for everything we have and I just want to continue being a good steward to all of the financial blessings bestowed upon us. I am grateful for all that I have because I know that there are many without basic necessities.

Happy Thanksgiving to all of you! I am definitely thankful for all of you.

Updating

November 16th, 2017 at 09:59 am

We now sit at 98.5% of our "Lofty Savings Goal". Hopefully it will reach the 100% mark by December 31st. We are so close, I can almost taste it. I am making the first significant extra principal mortgage payment on December 1st. I'll just have to wait until payday to come up with a figure. I'm feeling excited about setting goals and working towards accomplishing them?

Update

November 10th, 2017 at 12:19 pm

We are a little less than 7% away from meeting our Lofty Savings Goal. I'm hoping to be done with it by February of 2018 or sooner. I keep a visual aide to help me keep motivated and excited about meeting goals. I can't wait to color fill the 100% line on my savings thermometer. Smile

We closed on the investment property today and we went out for lunch to celebrate. Just a meal at our favorite pizza place. We are simple people. I am already preparing for Thanksgiving and I have the ham in the freezer as I write. We are going to our son's house for Thanksgiving and Christmas at home.

I received a picture of my sister's grandchildren today and I can't believe how big they are. I could not help to think about my dear sister and how much she adore her kiddos. I'll be sending them Christmas gifts on her behalf "from heaven". It's hard to understand why our love ones depart from us suddenly, but I trust that God's timing is perfect.

The Mortgage Principal Reduction Extravaganza begins next month. We may use a portion of our savings down the line to reduce the principal even more, but not yet. I don't like feeling cash poor. My mom is still with us and going home for her is not an option since the island is making little progress as they recover from the aftermath of Maria. She is not very happy about the cold weather but I told her she has to rough it out until I feel she can go back. If there is progress in the months ahead, I will take her for a visit in March. But it all depends.

Well, this is it for today. I hope you all have a great weekend.

Real Estate

November 3rd, 2017 at 07:22 pm

We've been working on a purchase of a two-family home since late August and if everything goes according to plan, we are set to close on this property next Friday. After a little bit of haggling back and forth, we came to an agreement on a purchase price. I know that investment properties are not the easiest to deal with but we've owned rental properties since 1998.

We are aware of all the pitfalls of owning them and the good and the bad that comes with them. We will still have a healthy emergency after we bring 20% of the purchase price to closing. We would not do it unless we have money in the bank to cover our own personal emergencies and anything that comes up with the rental properties. Eventually, we would like to make enough money to cover my income or a good portion of it so that I can perhaps take on reduced work hours or change career paths. Although I love my job, it has become more and more trying as the years go by. I only have one life to live and I want to make the most of it.

On a side note, we have an umbrella policy to help us mitigate any issues.

Fully Funded Roth IRA

October 26th, 2017 at 03:00 pm

Last night, I realized that I should make an effort to fully fund my Roth IRA. I transferred the remaining $4,500.00 contribution from savings to the checking and fully fund the IRA. I think I am going to continue doing this for as long as I can. Fund it and forget about it.

Overdue update

October 19th, 2017 at 04:10 pm

Life has been a bit chaotic for us but it is starting to mellow down a bit. My brother and his wife have now returned to work, although they do not have electricity yet. I helped my brother fill out the disaster assistance from FEMA's website and he received $500. We sent an additional $550 to help him out. He was able to purchase a generator to run the fridge, fans and the washer.

Financially speaking we are keeping up with the "Lofty Savings Goal" and I am excited to tell you that we're at 89.7%, a bit over 10% to fully fund this. My mom is now living with us (since late August). She came to us two weeks prior to Hurricane Maria and I am so grateful she did. Otherwise, I would've been going crazy. I've been working an extra hour almost every day at work at $30 an hour. I did not sign for it at first but I was practically begged to do it. On some months, I can make an extra $400. Sometimes, I wish I could just go home after my regular hours; my job drains me mentally and physically.

I am starting to look into Christmas shopping. I did buy a nativity set that I definitely did not need but wanted badly. I waited a month to buy it hoping that the itch to have would go away, but it never did.

Fall in in the air in my neck of the woods and I love it. Autumn is my favorite season!

Back Story

October 13th, 2017 at 04:54 pm

For those of you who have donated to relief agencies aiding in Puerto Rico, as an American to an American, I want to say THANK YOU!

A little back story; In 1940, my grandfather, a U.S. Army officer was stationed in Puerto Rico where he met my Puertorican grandmother. They soon wedded and from that union, my dad and uncle were born. In 1950, my grandfather, at that point, separated from the U.S. Armed Forces, left Puerto Rico alone to the mainland to look for work planning to eventually send for my grandmother, my dad and uncle. Unfortunately, my grandfather was killed in a car accident at 32 years old. My grandmother chose to stay in Puerto Rico to raise her boys close to her family as she worked as an English teacher at a public school. My grandmother never remarried. Although, I was born in the U.S., I was raised in Puerto Rico until I was 12 years old. We were a "strange" bunch, the only kids in our hometown with an English surname in a Spanish-speaking country. The majority of us were blonde with very fair skin.

Love of culture runs deep in our blood. It's been 36 years since I lived there but I still get goosebumps and butterflies every time I visit. God knows when I'll be able to go again; I'll have to wait until electricity and water is restored. One thing is certain, I will be back. My brother and his family are still there and so are an array of extended family.

Please continue to pray for my brother and family and again Thank you United States of America for taking care of your fellow Americans.

Feeling helpless

September 23rd, 2017 at 05:39 pm

We are going on day #5 of no communication with my brother in Puerto Rico. By now, you probably heard or seen the devastation of Hurricane Maria in the island. I just need to know that they are okay.

Maria

September 20th, 2017 at 08:18 am

Please pray for my family in Puerto Rico as they are being pummeled by another Cat 5 hurricane. I'm super worried. Frown

Update

September 15th, 2017 at 08:12 am

Hello! Thank God I survived the fist full week of school (work). It is terribly exhausting after two months of a lazy summer. Believe me, I know how blessed I am to have those months to do what I want.

Finances have been a bit chaotic due to my non-nonchalant attitude. It's time to take the reigns again! On a happy note the "Lofty Savings Goal" is growing as we are at 85.2%.

DS#2 was bit by a tick and has Lyme Disease. Fortunate for him the classic bull's eye rash was a dead give away and he is now on a 3 week antibiotic regimen. He did start feeling a little run down but hopefully he will be just fine.

Well, this is for this week. Please know that I'm thinking about all of you going through tough times.

Irma :(

September 5th, 2017 at 05:59 pm

Please pray for my family and friends as Hurricane Irma makes her way into Puerto Rico tomorrow. My brother and his family as well as a ton of extended family and friends live there. Thanks you.

For my fellow Floridian bloggers, I am thinking of you and please stay safe.

What do you think?

September 3rd, 2017 at 08:06 pm

A few months ago, I told my DS#2 that starting November he is to contribute $400 for rent. He already contributes $200 towards the family groceries, pays his own car insurance, cell phone and his personal items. He is a great young man, super responsible, kind and generous and works a full time job with great wages. He saves most of his money and he is on his way to buying a two family home as an investment property. He intends to continue living with us and we are fine with that.

Do you think that $600 a month is fair? He agreed to it without protest but why do I feel guilty?

Shiny floors

August 28th, 2017 at 07:21 am

As it turns out, we decided to do the hardwood floors after all. The first estimate came in extremely high. We got two other estimates and decided to go with the second highest of the three. It was tough week since we decided to go with oil base instead of water base. We stayed at my son's house for four days while the work was done. We are extremely happy with the work and I love my shiny floors. This concludes our yearly summer home project.

One more week and off to earn my keep. Smile

The living room floor is pine and original to the 1900 addition to the existing farmhouse.



The dining room and kitchen are hickory (harder wood and shines more)



Payday

August 15th, 2017 at 11:45 am

It was pay day today. This payroll check concluded my summer savings paychecks (through work). I'll be back at work in three weeks.

I am excited to continue pushing to meet 100% of our lofty savings goal. As of today, we are at 83.1%. Quarterly property taxes are due at the end of the month ($1,807.00) but I already have $1,100 set aside for that. $100 went to contribute to my Roth IRA; 403B retirement fund will resume on September 15th.


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