Panda's Ponderings

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Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
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Re: Panda's 2010

Postby Panda » Tue Jun 01, 2010 1:01 pm

I'm feeling better than I was there. Just holding on until after the vacation and then things should calm down. (And I'll make them.)

We bought a mattress for the spare bedroom, which was the last thing we needed to make our house functional. Plan now is to not buy anything for the house until we've got the furniture (GEMoney acct) and my parents paid off and have saved for whatever is next on our prioritized list.

Update:

401k : $7015.16/$16500 (42.5%)
IRA: $1874.97/$5000 for 2010 (37.5%)
Emergency Savings: $5535/$8000 (69.2%)
Mortgage Prepayment: $885.70/$2000 (44.3%)
Car Prepayment: $600/1800 (33.3%)

Debt (still higher than normal):

GEMoney: $1600
Chase: $0
Car: $8292.39
Parents: $1100

partgypsy
Posts: 502
Joined: Wed Mar 26, 2008 1:35 pm
Location: USA
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Re: Panda's 2010

Postby partgypsy » Tue Jun 01, 2010 2:08 pm

Isn't it funny that one sails along for years with decent but unconscious money habits, but once you formally declare that you are going to do better, spending money-wise, that's when the floodgates open?

I started my own journal this year and I feel like I've been spending money left and right.

New house, new job does take some adjustment. But the beauty of recording your spending habits, you can notice patterns and change things if need be.

Myself, noticed every month something comes up to spend money on. I'm not going to completely shut myself down, but from now on my rule will be to try to keep to keep my miscellaneous spending expenses around 1K. If I go past that, the spending will have to be deferred to next month. For example I would like some summer clothes (mine are ratty). But my husband really needs new shoes.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
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Re: Panda's 2010

Postby Panda » Wed Jun 02, 2010 8:25 am

partgypsy wrote:Isn't it funny that one sails along for years with decent but unconscious money habits, but once you formally declare that you are going to do better, spending money-wise, that's when the floodgates open?


Exactly! I wrote another post about how I was feeling better/less cranky about things now, but it got swallowed somehow.

We made our last purchase in order to make the house functional (mattress for the guest bed). Plan now is to not purchase anything other than the food/gas/etc we need to function until all the house stuff is fully paid off and we've saved for whatever is next on our prioritized list. (Of course, we have to make that prioritized list first.)

So I'm going to go on my vacation, have a fabulous time, and then come back and make things calm down. Get the temporarly debt paid off, get the savings back on track, and breathe.

peachy
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Location: Maryland
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Re: Panda's 2010

Postby peachy » Thu Jun 03, 2010 4:28 am

Yeah, I looked for your post but didn't see anything.
Enjoy your vacation. :)

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
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Re: Panda's 2010

Postby Panda » Mon Aug 02, 2010 1:18 pm

I've been having a hell of a time posting lately, so this got eaten last week, but I'm trying again. (*cross fingers*)

Update:

401k : $9802.62/$16500 (59.4%)
IRA: $2499.96/$5000 for 2010 (50%)
Emergency Savings: $3735/$8000 (46.7%)
Mortgage Prepayment: $1240/$2000 (62.0%)
Car Prepayment: $888.24/1800 (49.3%)

Debt (Parents paid off woohoo!):

GEMoney: $1200
Chase: $385.34
Car: $7126.68

Net Income for July: $300
(Yay it's positive again!!! Tiny, but positive. Baby steps.)

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
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Re: Panda's 2010

Postby Panda » Mon Aug 02, 2010 1:19 pm

Alaska was incredibly gorgeous and beautiful and amazing.

And it's all paid off now. Yaay.

Took a hit to emergency savings recently between the vacation (poor planning) and car maintenance, but I'm determined to stay driven this month.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Thu Aug 05, 2010 8:53 am

One of the general themes in my financial life is that I'm very responsible about the big things (mortgage, IRA, 401K, etc) , but pretty foolish about the small things.

So I'm proud to say that I've finally taken care of something that's stupidly been on my money to-do list for about 3 years. I'm entitled to a 20% discount on my cell phone plan due to my employer. That's been true for 10 years. I found out three years ago. Yesterday I finally got it in place on my account. Woohoo.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
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Re: Panda's 2010

Postby Panda » Wed Aug 11, 2010 12:11 pm

Another baby step today - I opened an ING checking account. Plan is to add my BF as a joint account holder, transfer the amount of our food budget into it each paycheck, and then spend our groceries/eating out from that account.

Getting our groceries/eating out money under control would be a HUGE improvement in our finances.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Wed Sep 01, 2010 1:17 pm

Update:

Emergency Savings: $4308/$8000 (53.9%)
Mortgage Prepayment: $1417.14/$2000 (70.9%)
Car Prepayment: $1036.28/1800 (57.6%)

Debt:

GEMoney: $1000
Chase: $1194.02
Car: $6543.6

Net Income for August : $692.97

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Wed Sep 01, 2010 1:54 pm

I've decided to take the additional money that I'm sending with my mortgage each money and throw it at my car payment instead. I just really like the idea of getting rid of car loan sooner.

Other good news is that bf's school schedule allows him to work more hours this semester, so I think we'll have more money coming in and he'll pitch in towards food, freeing up some of my money.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Fri Oct 01, 2010 6:15 am

Update:

Emergency Savings: $4310/$8000 (53.9%)
Mortgage Prepayment: $1471.42/$2000 (73.6%)
Car Prepayment: $1334.32/1800 (74.1%)

Debt:

GEMoney: $800
Chase: $894.55
Car: $5807.17

Net Income for September: $2168.62
Net Worth (not including home equity/mortgage): ~$246k

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Mon Oct 18, 2010 12:40 pm

Hrrrm. Been feeling a bit spendy lately.

Not particularly worried about anything I bought (mostly work clothes) and no regrets, just cautioning myself so I don't continue unchecked. The whole work wardrobe is still an issue for me. I don't feel like I have a complete wardrobe yet, but hate spending the money to get there - especially when I'm still working/hoping to lose weight.

Meh. Always the way it goes.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Tue Oct 19, 2010 8:55 am

I'm confused. I use Mint to watch my finances/budget primarily. (I have lots of history in Quicken, but haven't updated it religiously this year since about May.)

Here's the history of my net income as I/Mint reported it at the time.

Jan - NI: $3554.60
Feb - NI: -$4725,20
Mar - NI: $2697.31
Apr - NI: -$1398.39
May/June didn't record...
Jul - NI: $300
Aug - NI: $692.97
Sep - NI: $2168.62

And now if I look at my NI trend over time it shows:
January $3,554.60
February $274.80
March $2,887.72
April -$1,398.39
May -$717.21
June -$130.18
July $2,845.60
August $2,801.32
September $4,431.96
October -$72.67

Maybe I'm reporting my number too early most months? The February swing is weird, but I'm reasonably sure that I may have reclassified some expense that would make it show up differently, at least that's what I'm hoping.

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Tue Nov 02, 2010 6:25 am

Update:

Emergency Savings: $3964/$8000 (49.5%)
Mortgage Prepayment: $1498.56/$2000 (74.9%)
Car Prepayment: $1632.36/1800 (90.7%)

Debt:

GEMoney: $600
Chase: $390.14
Car: $5069.27

Net Income for September: $1198.40
Net Worth (not including home equity/mortgage): ~$261k

Panda
Posts: 160
Joined: Mon Jan 11, 2010 9:06 am
Location: Texas
Contact:

Re: Panda's 2010

Postby Panda » Tue Jan 04, 2011 8:19 am

Not sure why I quit updating, because I've still been around/reading. 2010 turned out okay. Not quite where I want to be but making progress.

Recap:

IRA/Roth: Fully funded
Emergency Savings: $4370/$8000 (54.6%)
Mortgage Prepayment: $1375.70/$2000 (68.8%)
Car Prepayment: $2228.44/1800 (123.8%)

Debt:

GEMoney: $200
Car: $3588.64

Net Income for December: $-5,742.91 (prop taxes, insurance, etc)
Net Income for 2010: $3,228.88
Net Worth (not including home equity/mortgage): ~$279k


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