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Archive for December, 2016

A question

December 29th, 2016 at 08:00 pm

A question to ponder:

Financially, are you in a better place than you were 365 days ago?

My answer is NO!

365 days ago, we were completely debt free including the house. Now we have a $100K HELOC debt that we used to purchase the investment property.

I don't regret the decision to buy the house(s) next to our house. This house generates about $500 worth of income and will eventually generate double that amount.

So for 2017, our goal is to continue saving like crazy and pay down the HELOC as much as we can. Aiming for $15K-$20K.


December 27th, 2016 at 05:49 am

We had an awesome time on Christmas day with my hubby's family. We laughed a lot; we played the candy cane game, ate lots of food and the drinkers had lots of Coronas and Coquito (a Caribbean coconut drink made with Bacardi rum). My husband made a great effort this year and got me 2 sets of pajamas that were badly needed and gave me money. It's indeed a great effort for him; he usually sends one of the kids to get me something. He actually bought the pajamas himself. Smile The money will be going back to the savings account for our Spring break annual vacation.

I have this whole week off. I am making inventory of what we have on stock to make a meal plan for January. I am taking the Uber Frugal Month Challenge next month at frugalwoods.com. I also have to send a sympathy card to a friend who lost her father in early December and shred lots of paper junk this week.

Well, that's it for today. Enjoy the last week of 2016!

I made these bottles of Coquito to gift this year:

Christmas and pay day

December 17th, 2016 at 06:36 am

So far I've managed to decorate our home for the holidays with things I have; no extra purchases for home decor. So far, I estimate that Christmas will cost less than $400. I sent my Mom $50, hubby and I decided not to exchange and save our money for our annual Spring break vacation. My son's will each get a $100 gift cards, pajamas, underwear (this is an area they always seem to neglect)and a few candy bars and gum for the stocking. I spent about $75 on other gift for my niece and nephews.

We've made nice progress with our savings as we have been very careful about spending these days. I'm taking another "NO SPEND" Challenge in January from another blogger I follow (frugalwoods.com). I hope to be at a certain amount of savings by July, 2017.

Five more days and I'm off until the new year. /


December 13th, 2016 at 05:42 pm

Starting this post with really good news; my DS#2 has officially completed the course load and today is his last day of college. Graduation is in May; not so shabby for a kid that had no intentions of going to college after high school graduation. There are no student loans to pay as we have cash flowed our sons' college education. We have much to be grateful for.

Thursday is payday and I've already set up a Roth IRA contribution. This electronic contribution will officially bring me down to under $2K to fully fund it. If I am able to fully fund it, this will be the first time ever since I opened the Roth.

We also had to fill the heating oil tank a few days ago. That was a $360 fill but I'm not complaining since the last time we filled the tank was late March. Hoping and praying for a milder winter this year but predictions state otherwise. We will also have a little break from paying car insurance. I'm making the last policy payment December 21st. The policy renews again in March. Auto insurance is our highest bill at almost $800 a month for 8 months of the year. We still have a risky driver but he is now contributing the whole amount to ensure his car.

I have to buy a few things for Christmas as we are hosting my hubby's family on Christmas Day. Another 7 workdays and off until January 2nd! (much needed break)

Well, that's it, I hope you have a great work week.