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2019 Financial Goals

December 29th, 2018 at 07:38 pm

Here we go:

This is something I started in 2018 but I'd like to continue doing for at least half of the year (2019):

>>Our primary home mortgage is six months ahead of schedule with our next payment due July 1st. I am trying to get the mortgage payments down to January of 2020. Some of you may ask, why not just put the money in the bank and just keep paying as normal? For me, it's a peace of mind thing and not having to worry about it. On October of 2020 our income will increase once again with my husband taking early social security benefits (if necessary).

>> We would like to not touch our savings even though our income will be significantly less in 2019 on. In fact, I will like to continue saving even if it is small amounts. The goal is to increase not deplete nor touch. As of today, it is a healthy savings/emergency fund.

>> I want to continue funding my ROTH IRA in full in 2019 and subsequent years.

>> Roll my 403B to the ROTH IRA in July.

>> Get rid of the cable bill and we already have a plan in motion.

What are your goals?

2018 Wins and Fails

December 29th, 2018 at 05:47 pm

Here we go:


I finally had the courage to put my mental and physical health first and gave notice at work that I will not be returning. This was not easy but needed to be done. I rather do with a lot less and safeguard my well being.

We were able to purchase the retirement home we wanted for a long time.

I funded my ROTH IRA in full for the second year in a row.

Avoided PMI on our retirement home by putting 20% down.

Cash flowed the purchase of all of the furniture and necessities on our second home.


Grossly underestimated the amount of money we needed to furnished the our second home.

I am still paying on a membership that I am not using.

Eating out has been more that it should.

Fail to find a way to wipe our cable TV bill. (We got a Fire Stick an a year membership to Amazon Prime for Christmas so I am working on it).


December 23rd, 2018 at 08:42 am

I was supposed to be on a flight down to FL but life got in the way of that. The day before my trip, I came down with a terrible stomach virus and there was no way I could go. I am still pretty weak and body aches horribly. I am not mad, it is what it is and these days I do not let things bother me.

I am going to take this time off to make financial and personal goals for the new year. There is a lot of things to think about as we will be facing some life changes soon.

I hope you all have a Merry Christmas and a healthy New Year.

Roth IRA contribution

December 19th, 2018 at 02:32 pm

I just scheduled the last ROTH IRA contribution of the year. I was still short $3,250.00 but I will fully fund by Friday. I want to contribute as much as I can in 2019 before I stop working full time as of July 1st. I plan to look for part-time work as it is a priority to fund it every year.

A question about 403B

December 19th, 2018 at 01:52 pm

I have a 403B that I fund monthly through payroll deductions at work. Once I stop working for the public school system, what can I do with it? There is about $75K in it.


December 13th, 2018 at 09:30 am

Hope all of your holiday preparations are going well. I decorated the house for Christmas weeks ago but not our Christmas tree. I asked my guys if they wanted me to put the tree up and they declined. They said that since I am not going to be with them for Christmas, it was not necessary. I am not going to be with them for good reason. I am going to be away getting our new house ready. Furniture will be delivered then. I want to get it out of the way so that it is ready for future visits.

I've already submitted my letter to my school district that I will not be returning for the next school year. It is bitter sweet but very liberating. Having said that, I am preparing for the temporary money drought and making advanced mortgage payments for both houses. Come October of 2020, our income will increase significantly with my husband collecting early social security benefits. I am taking a three year pension deferment with a two year penalty and take my pension at 55 years old. I will continue to work part-time as I want to continue funding my Roth IRA. I still have to find out what I need to do with my work 403B.


December 7th, 2018 at 09:33 am

I spend a few days in FL as I had to do the walk through on our new home (retirement) home. We closed last night via a mobile closer. I love the house and its location. My brother was instrumental in keeping track of the contractor and the upgrades that we purchased. He lives two houses down which is one of the reason I (we) opted to purchase in this specific community. I sent him $200 for all of his help.

I am in the process of ordering things for the house including some furniture. I am opting to buy a few well done pieces at a higher price but they will last a lot longer. I am returning to FL to spend my holiday break and try to put the house together for our upcoming visits.

New season

November 22nd, 2018 at 05:21 am

I want to wish all of of you in the United States a Happy Thanksgiving. May you enjoy your love ones and some great food!

The time has come and we are expected to close on our house at the end of this month. We are super excited about this new season in our lives. This has been the plan for over 20 years and slowly but surely we are getting there. We will have to furnish the entire house but I won't be going crazy. For now the most important items are the washer/dryer, a few pieces for the living room, a dining room set and the master bedroom furnishing. The kitchen has all appliances and I've been buying kitchen utensils from a thrift store. I look for high quality stuff and sanitized them in the dishwasher. I've also accumulated (through couponing) a bunch of personal hygiene products that I will take with me on each trip. I am sticking to a budget for all items.

An update

November 16th, 2018 at 07:23 am

Our Florida home is on its last stages of construction. We locked the interest rate and I think we will close by December 15th. We've been able to save a nice amount to furnish the home and take care of the first year HOA/CDD fees. I am moving enough cash to cover the first year of mortgage as well. I am giving notice at work by December 31st that I will not be returning next school year. I have been doing some research and I am pretty confident that I can make close to $2K a month by doing substitute teaching the months I'll be in Jersey.

On another note, Mother Nature dumped significant amount of snow in our area and the state did a lousy job preparing for it. It took my son 8.5 hours to get home form work. There were so many people stranded in the highway that many people chose to abandon their cars and walk. For some people a 20 minute commute took 5 hours.

We received a check for $650 for an escrow overage for one of our rentals. On the other hand, we have a shortage on the other rental and our mortgage went up on that one. I am sending a little bit extra each month to cover escrow shortages from now on.

Letting go

October 26th, 2018 at 09:19 am

I am nervously coming to terms with the fact that a year from now, I will be giving up my nice salary. I have good and bad days at work, but more bad than good. Our plans are still in motion. I decided not to give notice at work until my husband meets with a pension adviser to make sure that he meets all the requirements to take the state pension. I keep telling myself that the money is nice but it doesn't buy happiness and happiness is a big priority at this stage of my life.
Closing should happen sometime at the end of November or early December. Smile

A little side hustle

October 20th, 2018 at 05:46 pm

I've been making my pumpkin chocolate chip muffin and made about have netted $200. Today, I made $120. It's just a little bit money to use on fun things like going out to eat, buying apples, apple cider donuts and fresh produce from the farm. I hope it continues until the end of the fall season.


October 18th, 2018 at 06:26 am

I tried to hold off to turn on the heat but we had to turn in on yesterday. It was just to cold in the house and don't want to get sick. It is in the 30s this morning. Frown

Things are going well financially and Mom went home after four months. She had glaucoma and cataract surgery and her eyes are much better. She was so excited to go home.

Financially speaking, we are chugging along and the retirement home is progressing nicely. It will (hopefully) be completed at the end of November or early December. I just downloaded a bunch of documents to explore options with my husband's pension. His pension will not be much since he's been a low earner all of his work life. Nonetheless, he is such a hard worker and at one point worked two or three jobs while I was going to school to get my degree. It was the only way we were going to get ahead financially.

Well, that's all the update I have. I hope enjoying the season of pumpkins, apples, apple cider, hayrides and much more.

Day 1 with no SODA

October 9th, 2018 at 04:38 pm

Today, I am going cold turkey trying to kick the soda habit. I succeeded today at least. Can I tell you that I already feel like I have more energy or do you think it is a product or my imagination? I have a 2 to 3 a day Coke habit. I just love everything about; the taste, the fizz and how it goes down. SmileI hate Seltzer water so that's not an option for me. I also know how bad it is for your body. The challenge will be when I have pizza; pizza and water don't mesh. Hopefully after day 21, the craving will be gone and a good habit formed. Will be alright if I post about it here?

No cc debt

September 30th, 2018 at 06:22 am

We are now credit card debt free. I used 1.6 % of our savings to pay it off. Even though we still had some time with a 0% promotional period on this debt, I could not stand the though of having debt hanging over our heads. We are now debt free except the mortgages.

I am almost certain that I will be resigning from my job by the end of the year effective 2019-2020 school year. I no longer want to tolerate the disrespect from students and the endless pressure from admins. It is time to do something else and I am so blessed to have the option to step down and figure it out. My husband is supportive as it is taking a toll on my health (stress, headaches, some anxiety and irritability).

Autumn is definitely in the air in my neck of the woods. I love everything about it!

Can I brag?

September 21st, 2018 at 03:17 pm

As many of you know, my DS#2 lives with us. He works a full time job with a very good company and makes pretty decent money for a 24 year old. Yesterday, he asked me if I could make a bank deposit for him. He went to give me deposit slip and pay checks but he told me to keep one of the checks. I asked him what for and he said to help out with the property taxes. Mind you, we don't want any rent money from him but he does contribute to the food bill. He gave me an extra $400 for the taxes. At his young age he realizes that he is blessed to be able to live at home rent free and he is definitely a good steward of this blessing. He has a nice savings account and he is definitely very generous. He takes us out to eat and helps with the yard. In the future, he would like to purchase our home from us. He loves that the house has a four car garage. He is a car enthusiast and tinkers with them in his spare time. Needless to say, I am a proud Mom.

Snow birds in the making

September 14th, 2018 at 09:42 am

Hi All, it's been a few week since I blogged. Anyway, I am back to work and I've been reassigned to another school temporarily to cover for teacher who is on Family Leave. Apparently, the district posted the job opening and they did not get any applicants due to the nature of my content area.

On another note...our house is coming up nicely with all the wall partitions completed. So here is the plan for the future.

This winter should be my last one in New Jersey as we plan to be in FL for the winter months. We thought about it long and hard and we feel that this is doable for us. Yes, it means that I will be resigning from my job and my nice salary. However, I've been unhappy with my job for a while now and the plan was that as soon as we put the kids through college, I could take a break and do something else. If everything goes according to plan, health benefits will be covered under a state pension and everything else will be covered between the pension and what we net from our rental properties. We will have an additional income coming in soon after that because my hubby plans to take social security benefits early and at a reduce rate.

Our grown son (who still lives with us) will cover the mortgage and utility bills while we are snow birding. Once I get back home to NJ, I will do sub teaching work to earn extra cash and continue contributing to retirement accounts.

I know, a lot can happen between now and then but I have faith that things will work out just fine.