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UFMC Days #16 and #17

January 17th, 2019 at 05:51 pm

Day 16:
$1 on a bag of chips

Day 17:
No spend day

September, 2019 mortgage payment has been paid. Goal is to have July, 2020 paid by June 30th.

Grocery spending so far this month: $38.06

UFMC Day #15

January 15th, 2019 at 02:56 pm

UFMC Day #15-No Spend Day

Groceries spending this month: $2.49

Tomorrow we will have to get some basic necessities: eggs, potatoes, milk and bread but nothing else as we are eating from the stock pile and deep freezers

Goal for the month on groceries: less than $75

I might be able to pay September's mortgage tomorrow with some surplus.

UFMC Days #10-14 and other things

January 14th, 2019 at 06:58 pm

UFMC Days #10-14 were a frugal fail. This is mainly due to a weekend trip to Florida. I will try to get back on track as of tomorrow. I figured that I should at least try to have as many days of No Spend for second half of the month.

I returned the washer/dryer pedestals I bought for the Florida house. I am of short stature and I don't really need the added height the pedestals provide. I received a $570 credit. I did buy an area rug as well as two additional chairs for my dining room table ($732) less the $570 cc credit. It is pay day tomorrow and I will be making a mortgage payment for the month of August of 2019. Feeling happy about that.

UFMC Day #9/Escrow

January 9th, 2019 at 09:18 am

Uber Frugal Month Challenge

I can pretty much count today as a no spend day. I know what I'll be making for dinner and I made a nice egg salad for lunches that will pretty much get us by until Friday.

Total 5/9 No Spend Days

I forgot to mention that I am putting a little bit of money here and there towards our mortgage escrow. One of our mortgages went up due to an increase in property taxes. The other mortgage went down $10 a month, but I am sending the previous amount and applying the $10 towards the principal. The two rental property income pretty much pays for our retirement home. We also keep a fund to repair or cover lost income from the rentals if need be.

UFMC Day #8/Roth IRA

January 8th, 2019 at 03:01 pm

Finally a No Spend Day!

4/8 No spend days so far.

I've already set up the first 2019 ROTH IRA contribution. I turn 50 late this summer which means I can contribute $7K this year. I plan to work a part-time job just to be able to contribute fully to the Roth each year.

UFMC Days #6 and #7

January 7th, 2019 at 04:15 pm

Failing miserable at not eating out; I am going to make sure that I prepare meals at home from Tuesday-Thursday. This coming weekend will be Spend days for sure and I cannot help it.

Day #6

Pizzeria-$21.32

Day #7

Costco-$9.09

UFMC Day #5/Blog anniversary

January 5th, 2019 at 08:06 pm

I've been blogging at SA for 11 years today!


Uber Frugal Month Challenge

$22 Chinese Food Takeout

Total: 3/5 No Spend days
_____________

I am excited that our FL house is now fully furnished for the exception of a TV and we paid for everything with cash (credit card then paid at the end of the month). I earned 65,000 United Airline miles while paying the credit card in full.

UFMC Day#4

January 4th, 2019 at 04:09 pm

For accountability:

Day #4 was a No Spend Day!

Total: 3 day of No Spend Days so far.

_____________________

We did go out to eat but the tab was covered by two sons and DS#1 girlfriend. Hibachi; Oh...so good!

UFMC Day #3

January 4th, 2019 at 05:46 am

Just to keep myself accountable.

Uber Frugal Month Challenge (does not include fixed bills and necessities purchased with credit cards rewards).

Day #3 was a No Spend Day

So far: Two No Spend Days

UFMC Day #1 and #2 Progress

January 3rd, 2019 at 05:41 am

Uber Frugal Month Challenge
Day #1
$114 round trip to FL for Spring break
Purchased with United airline miles
I decided to buy the tickets before they sky rocketed

Hubby bought breakfast for the both of us. $11
Total: $125

Day #2
No Spend Day

Other news:

I received an email from the airline stating that my airfare refund was approved. Good news on that!
$882 returned. (Try not to gasp on that; way too much money for a 2.5 hour trip)

Mortgage is paid up until August

Happy 2019!/UFMC

December 31st, 2018 at 11:13 pm

I want to wish all of you a happy, healthy and prosperous 2019.

I joined the Uber Frugal Month Challenge for the month of January (www.frugalwoods.com). I'll start by utilizing all of the stock pile and the freezers. I'll spend money on perishables only. Ideally, I'll like to get 30 days of meals but let's see what happens.

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:

Wins:

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.

FAILS:

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).

Update

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.

Update

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.

Closed!

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.