Wow, has it been a while. The last time I posted, I had just split with DXH and was moving into a new apartment in Lou. Life was so different a year and a half ago, it turns out!
So quick update, I suppose.
I did move into a new apartment in Lou. I got my promotion and had a very difficult handful of months at work as I transitioned into that role, while dealing with the divorce. DXH and I finalized all of the paperwork for our divorce in January of this year. It went as well as it could have, and we are on good terms. Get together for coffee every few months. He's been seeing someone since last October.
After splitting, DXH and I decided to split our joint finances down the middle. I used that cash to pay off my car and one of my student loans. I consolidated my high-interest loans right before the divorce, so I got those interest rates down. I paid off another loan later in the year, so I'm down to one company and one bill per month for my student debt. I made a large payment this month and my sum is now to $27,628.63. Still MUCH higher than I would like it to be, but at least I'm at a point where I can start paying it aggressively.
I spent a year after the divorce in Louisville, working and trying to heal and figure out who I was as a person not with her partner. It was a very difficult 2018 for me, for many reasons. But I grew a lot, and regained a lot of myself and so much independence. It was the right call.
In May I found a new job that could move me back to Nashville. I'm the Marketing Director for a hospitality group and do all the marketing for our two (soon to be three) restaurants. It's rewarding, and it was exciting to move away from nonprofit for a while. I was making $50k with my promotion in Louisville. I got a $10k bump in pay when I took this new job. Which is good, because Nashville is insanely expensive. haha.
I found an apartment that I love, that I pay too much for, but can afford, and life is really incredible. I'm back to doing more writing and filmmaking, which is lovely and fulfilling.
My job brings me back and forth between Nashville and Louisville (our restaurants are in both cities), which means I travel a LOT between the two. Which would be less than ideal... if my boyfriend didn't live in Louisville We met in March, a couple of months before I was supposed to move. It wasn't supposed to be a permanent thing, but it ended up being too good to let go of. He's incredible, a great fit for me, and 8 months in to our relationship living 3 hours apart, we're still doing great.
I spend about 1/3 of my time in Louisville for work and spending time with him - and his kiddos! He has two little ones, soon to be 5 and 10 years old. We waited about 6 months for me to meet them, to be sure that it's the right move. I'm glad we did. He and his ex's split is even more recent than mine, so we wanted to make sure we weren't rushing into anything. The kids are transitioning swimmingly, and we get along great, and it's been really lovely having my first taste of family life. It's not at all what I expected or would have planned, but it's a life that so far I am absolutely in love with, and I couldn't be happier.
At this point, now that things are settling into a groove and I'm not in the midst of several different serious transitions, I'm looking at how to best reorient my spending and get my finances where I want them to be.
The last few months have been really spendy - on both things that I probably didn't need and also buying a plane ticket to Portugal in March (SO excited and ready for a vacation). But now that my big purchases are over with (thank goodness), I'm refocusing on getting rid of this student loan debt once and for all. My minimum is $262 per month. I'm hoping to add a $1k payment to that for the remaining months I've got it and throw as much as I can toward it otherwise.
I would love to be debt free in 2021, if possible.
My expenses are high where I'm living, but I made good money and still do photography and commissioned writing on the side, so I do have some side income as well. It's far from impossible.
I've got $5k in my emergency fund (I have an emergency fund!). Was going to fund that to $7500, but I think those funds are better directed toward my debt at this point. Once I've got the debt gone, I can work toward funding retirement. I do have about $11k between my Roth and a 403(b) from my previous job. I have a TSP from my military days that also has a few thousand in it, though I need to work on getting access to that and rolling it over. It's just sitting hopefully gaining interest at this point, so I'm not too concerned about it.
I'm taking November as a month of challenges: 500 words written per day, no-spend, and a minimalism challenge (I already live a really simple life, but I want to take it further because ya girl has a bit of a clothing addiction).
It'll be good to get a hold on things prior to the holidays coming around, so here we are.
I think this novel is sufficient for now! I'm looking forward to getting back into the groove of the SA community again. I've found so much inspiration in the past, and can't wait to see how everyone is doing
Viewing the 'saving' Category
Wow, has it been a while. The last time I posted, I had just split with DXH and was moving into a new apartment in Lou. Life was so different a year and a half ago, it turns out!
This was my boss' last week at work, and I've been talking with our CEO about how things are going to progress moving forward (as well as learning a whole new job in just a hand full of days). Needless to say, it was an exhausting week - but of course there's good to come of all of it. One was the conversation I had about my pay increase.
I had given them a number last week that I would have been comfortable with. I'm currently making $35k, and asked for $42k as a base salary for my current job, not the interim department head. They came back with $39k for now - explaining that we can revisit after the transition time. They don't know how much they'll be paying the new hires, and there's a good chance that the department will be restructured a bit, so I can live with it. But during the interim while I'm taking over my boss' job, I'll also be making a bonus of $200/week - which would work out to more than he was paid monthly all things considered.
It's not quite what I wanted, but I didn't expect them to get there anyway. Our entire staff is grossly underpaid. Nonprofit or not, but I like my job and this raise certainly sets me up better on one income than I was before. For now, it's workable.
My boss that left, too, mentioned that they're going to need to hire someone new in his department coming up and would love to poach me. haha. So at least I know I'll have some options if things go terribly wrong. I wouldn't want to do that to the organization, so I likely wont. But again, it's good to have options.
For now, I'm just trying to stay sane and wrap my head around doing 3 peoples' jobs and enjoy my weekend. Things were overwhelming this past week, but they will be even more so without my boss around to answer questions and walk me through things. Trial by fire indeed.
Now that DXH and I split our finances and I have a decent handle on what my financial situation is going to look like, I decided to pay off my CC (I had racked up quite a few charges while replacing many of my belongings) and then made a $4k payment on my car, wiping that balance entirely. That's going to eliminate a $182 monthly payment, which I'm super happy about. Regardless of this raise, I'd love to have as much of my income freed up to use as I need to.
My account is going to have a surplus of about $3k at that point, which I'd like to move to a savings account and at minimum not touch, but hopefully add to. That's a nice little emergency fund. My only debt left at that point are student loans - shiny and refinanced. I'd like to start snowballing those babies ASAP. Right now I've got:
$2,570 AES Loan
$3,126 Great Lakes Loan
$31,146 Firstmark Loan
That total is still overwhelming but given it was over $50k at one point and largely rocking a 10% interest rate, I'm feeling okay about it. Just need to get aggressive. I'm hoping to eliminate the AES Loan entirely by the end of the year, and I think that's entirely doable given that I'm freeing up $182/month in car payment and getting a substantial raise, at least in the short term.
I'm also taking on more freelance work. Which may not be smart for my sanity, but is certainly a good financial move. That being said, I might have to step away from a couple of other extracurriculars. I'm already feeling the pressure on my time and energy. Something's gotta give. And because my goal here is to set myself up financially to possibly move out of state again in a year, the revenue-generating aspects of my life are probably not the ones to skirt.
I need to do some real soul searching here soon to determine where that energy is going to be best spent.
The rest of my to-do list right now is centered around getting the last of my things from the last place, getting it all cleaned up. Should be getting my $600 half of our security deposit back, so that'll help in paying off that loan as well.
Still need to start the divorce paperwork. That's a task for this weekend. As well as filling out my beneficiary changes on my insurance and adjusting my HSA - I'm planning to schedule a whole battery of medical appointments I've been putting off for a while now. Guess I should start adulting properly. I have nobody else to lean on anymore, after all.
At any rate, that's a lengthy update. I hope you all are enjoying your weekends and making progress on those goals! Have a good one!
This year was a pricey one. Moving from the glorious land of low-property values to Nashville (a booming market with a constant influx of people) meant doubling our rent payments halfway through the year. Our utilities were pretty consistent with Ohio, but moving to a new city means getting out and exploring our new home... and spending a whole lot of money eating at new restaurants, visiting new bars, etc. Combined with the fact that we just weren't really watching our spending and I was unemployed for my first 3 months here (with no network to build my business on), it was a bit rough for sure.
But we're starting to right ourselves and plan for the future, now that our lives have a clear trajectory, as DH was accepted into his PhD program.
So. Many new changes on the horizon. And many big questions: When will DH officially quit his job? When will I find one? What will our expenses be like once we do move? How much money will I be making? What will our benefits look like?
The move will happen the last week in May, which really only gives us 5 months to answer those questions, plan our strategy, and execute. That's not a whole lot of time at all. I feel like the last 3 years have included big events we've had to plan for - the wedding, the move to Nashville, and now the move to Louisville. Thankfully, his program is 3 years. So we'll get two that should be "business as usual." Unless a baby sneaks its way in. But as of right now, that's not in the game plan.
All that being said, the focus right now is on saving money to account for some of those question marks. What we DO know is that we will definitely be moving when our lease is up, by the end of May. DH wont start classes in the fall, and thus he likely wont be getting a stipend until then (and we're still waiting to hear back that he's getting one for sure). We expect the stipend to be between $18-20k/year. I also know that DH doesn't want to continue on with his job past our move. So we'll be losing a big chunk of income then. All that basically means that it's imperative for me to find a full-time job as soon as possible - and we need to plan for the just-in-case it takes longer.
We do have some money saved up, but I'd rather not touch it if possible, of course. And there are some things that I think we'd like to do prior to the move - just in case it's harder to do after. Things like funding our IRAs for 2017 (if possible), making any doctor's appointments that need to be made, etc. We've talked about making one last big trip, too. But after a conversation this morning, it just seems like putting it off to the winter makes more sense. I think we're going to do a trip for xmas next year instead of trying to fit one in the middle of such a big transition. We may be taking a trip out to California for his cousin's wedding, but even that is a bit up in the air right now. We priced tickets, and it'll run us up like $1,000. They came to our wedding, but their parents paid for the tickets. It's also about a week before we move, and not great timing. We're not actually close to them, either (I met his two cousins at our wedding last year). So we're going to wait that out a bit and see what the best course of action is.
The nice thing is, once we move we'll be cutting our rent in half. We've started looking at apartments in Louisville, and it seems that we'll be able to find something great within our price range. And I think we're both ready to make some sacrifices there, given that we'll both be working out of the house. Having a lot of room was important to us here - but we both work from home.
I worked out what expected monthly expenses will be in Louisville, and it comes out to be roughly $3,500/month. If I can get a job making at least $40k/year, that should allow us to cover our expenses and put away a bit along with DH's stipend. And I'll be doing photography as a side gig, so potentially we could put away even more. But we'll see. I'm *hoping* I can find a job making at least that much. At this point there are no guarantees.
So we've got some goals in mind for 2017:
[ ] Adhere to monthly budget, continuously
[ ] File taxes by March 1
[ ] Ideally, save an additional $5,000 prior to June 1
[ ] Find an apartment in Louisville for $1,000 or under
[ ] Find a full-time job at $40k +
[ ] Take a trip for xmas (probably Thailand)
[ ] Fully fund IRAs for the year
[ ] Consolidate student loans
And some goals for January:
[ ] Uber Frugal Challenge
[ ] Change phone plan
[ ] Consolidate/put into forbearance gov't loans
[ ] Get HSA stuff figured out
[ ] Start GIS training (for resume building)
[ ] Research networking opportunities in Louisville
[ ] Start putting together planning portfolio
DH and I went through and set up our budget for January. I cancelled Hulu and we'll be doing the same for Netflix. We have Prime and HBO already, so it seems like opting out of these two for a month will be an easy way to save about $20. We're also going to shoot for eating at a restaurant only one time this month. We're going to see the symphony play on the 12th, so that'll be our fancy date night. Otherwise, we're cooking at home. Nobody is visiting this month, and we're not taking any trips - so it should be pretty simple.
I also set our grocery budget to $300. Our "grocery" budget includes toiletries, cat food, and cleaning supplies, etc. So it'll be tight for sure. We just need to get creative. My mom was the master of inexpensive meals growing up. I've learned from the best. And I love a challenge.
As for personal goals, they're the same as they are pretty much every year. Live healthier, embrace my passions, work on myself and my marriage. This past year I didn't do a list of resolutions and instead decided to keep track of the things that I did during the year that I particularly loved or was proud of. It's a pretty amazing list for 2016. I have a feeling it will be the same next year. Photography will take a smaller space in my life, but I see it as an opportunity to focus more on what I love about it. My acting and writing are just getting started, and I'm excited to see where they take me moving forward.
There's a lot to look forward to - and so much to do!
Got my invoice from the accountant - $650. That's $300 for filing our taxes, $100 for paying sales tax for my business throughout the year, and another $250 for my Quickbooks and consultations throughout the year (I met with them 3 times). All in all, I would say it was money well-spent. Not the cheapest, I'm sure - but at least it's also an expense I can write off. And I know it's getting done right.
Now that all that is done and the checks are all written, I have an accurate view of what's going on. Today I'll be going to the bank to close my personal checking account (moving the last little bit of money to our joint account). Then going to the other bank to deposit that money + some cash that I've been meaning to put in... namely, xmas $ (it's just been sitting in a drawer) and the $ I collected from friends to put towards DH's bday party, a total $423 deposit.
Also slipping the check in the mail for my accountant and making our local tax payment. We have returns coming to the tune of $609 total.
Deposited a couple of payments from clients today and moved 35% of each amount to the savings account where I hold tax payments for 2016.
Now that I have an accurate view of where we are at, it's time to have that conversation with DH about our goals. When we first sat down to take a look at the budget, we made some rough savings goals: vacation, kids, kids education, emergency fund, retirement, house. We even put general numbers to them, but I'd like to be a little more organized and intentional about actually doing that. I'd like to open a joint savings account so we can see the progress there rather than just having a number raising in the checking (which is how DH tends to do things, but doesn't really work for me).
Lately, money has been a rough subject to talk about, so I want to explore some different ways to approach the discussion. I've got some ideas up my sleeve, and I'm excited to give them a go.
Scheduled a shoot for the weekend, which was unexpected but nice. Have a couple of sessions to finish editing and wrap up. Still job hunting, and am starting to get really excited about the possibilities
Dietbet is going well - did great with my eating yesterday, though I was way hungrier than usual. Went on a 3.5 mile run Wednesday night and that drained me. Didn't workout yesterday as a result. We were both pretty exhausted. Today will definitely be working out, and so far my eating has been great.
Breakfast: Oatmeal with flax, berries, and peanut butter
Lunch: Veggie burger with leftover ratatouille, avocado
Dinner: Roasted Carrot Salad
Snacks: (none yet! that oatmeal was filling) Almonds, string cheese
No plans tonight other than working out. Think DH wants to do some Kenpo after work. We'll see after that! Tomorrow I have a double feature movie date with my SIL. We'll also be grabbing dinner while we're out, but I'm going to do my best to keep it inexpensive and healthy. No movie popcorn
Sunday I've got that shoot at noon and an empty slate otherwise. Weather should be nice, so I'm hoping to get outside!
Hope you all enjoy your weekend!
Alrighty, taxes are filed and things are back to normal! Woo! We got sizeable return from state (about $700), owe about $200 to city, and will be getting a small $200 refund from the fed. All in all, a completely successful tax season! Particularly considering that I thought I was going to be $8k out of pocket... sheesh! Now I just need the invoice from my accountant to know exactly how things pan out, and I'll start to use those funds I've been saving (about $6k right now).
I think I want to pay off at least one of my CCs with the funds, the one that isn't 0% interest for the next 10 months. Then we'll save an additional $37 every month on top of that. Things are looking good! After that, only one more to pay off and I can start laser focusing on my student loans. Hooray!
So looking at my long-term goals, I no longer need to save for taxes (I'm already setting aside a percentage of income in a savings account for 2016). We have far more than $1k in the bank that we could use for an emergency, though I'd like to start talking with DH about setting specific savings goals...
And now that we have a few months' worth of financial data in our mint account, we can look more closely at what we'd like to change in terms of our spending and saving. It's a great place to be!
In other financial news, DH and I both signed up for Dietbets - he did 2 games, and I'm signed up for 3. So we're $150 in. I think we'll both have little problem making our goal weights, so hopefully that will yield a nice gain. And we'll both be a bit closer to where we should be on the scale! Win-win.
The budget right now is looking okay... We're past the halfway point in the month, and definitely coming close to maxing out most of what we've allotted. We were about $40 under on our heating bill, so we'll adjust for next month. Our discretionary spending is close to maxed, but I'm confident that we can pull through. Groceries might be problematic now that we're trying to eat healthy... but I'm going to try and be smart about it and get a little creative so I don't go over. We're doing a lot of cooking this week.
At any rate, that's where things stand now! Hope you are all having a lovely week!
Alright, things are finally starting to feel normal again. We've been back from vacation for a couple of weeks, and my routine is
settling in again.
Didn't do much this past weekend. Our friends had their baby on Friday (April Fools! But really, they did. lol). Went to the hospital to see the little one, then went out and did karaoke. Saturday I spent cleaning the apartment and doing laundry, which literally took all day. Between being gone for almost 2 weeks and the slump we've been in since we've been home, there was much to be done. After all that, though, we ordered takeout and I fell asleep on the couch around 9:30. heh. Yesterday I went to a baby shower, then we kind of bummed around all evening.
DH and I sat down and looked at our spending for March, and it wasn't pretty - mostly due to spending on vacation, but also because we basically ate at restaurants for the whole time we've been back. That was a bit rough to see on the statement.
That being said, I took the time to do some meal planning and went to the grocery store today. We're covered on dinners for probably a week now. It was German week at Aldi, so I got a few extras that we can use for meals next week also. Tonight I'm trying out a new recipe for a roasted carrot salad, and I just put a loaf of bread in the oven. Also tried a recipe for compound butter - delicious fresh honey butter on that fresh baked bread is going to be heavenly. Having a couple of friends over, so I figured why not do something a bit special?
DH's birthday is on Saturday, and I already got his gifts. GRE study materials and poster prints he's been wanting for a while. We're also having a party at this entertainment complex with laser tag and a skating rink and a bunch of other stuff. A 31st Birthday celebration fit for a 12 year old! ha. Should be fun for sure. Sunday we're hanging out with his family. So the rest of this week is going to be incredibly low-key.
Got all of my tax information to my accountant, and got some really great news. I was expecting to have to pay around $8k, but after some rough estimates she said worst case scenario would be around $2k! I've been saving every penny I make for a few months, so it'll be nice to be able to use those funds. And I've already opened a savings account and started transferring 35% of my income since the start of 2016, so there will be no crazy stress around taxes next year, thankfully. It was INCREDIBLE news to receive. Turns out filing jointly as a married couple is going to work in our favor after all
Had a shoot this past week that went really well, and have booked a couple more since we've been home. Which is comforting, coming out of the slow season. It'll be nice to actually be able to contribute to the family income as well. Got a client check in the mail today that I need to put into my system.
Need to re-evaluate my goals and get started on a path to meeting them, including updating my sidebar. Haven't done any journaling in about a month and that's a habit I want to rekindle as well. Reconnecting with my gratitude practice also. I'm slipping back into laziness, and that's when I start forgetting how much abundance I have in my life and lose track of what's important. My 2 hour stint online window shopping last night is an indication that I'm falling off the horse.
So that's that for now! Hope you are all having a great Monday!
It's been a relatively low-spend week, though I feel like that is going to change soon :/
I'm at about $90 of my grocery budget. I'll need to reign that in, but we did a good amount of cooking this week. We did go out to dinner last night, and we'll likely eat leftovers tonight. Tomorrow is my mom's birthday party, so dinner will be taken care of, I believe (or at least some food will be there). We've got one meal left to cook. I'll probably go to the store on Sunday. Still trying to keep my grocery budget under $200.
In terms of upcoming spending...
My little elliptical machine broke Had my engineer friend over the other day and we busted it open to try and fix it. It's a lost cause, unfortunately. It'll be about $80 to replace it. Which isn't terrible, all things considered (less than a gym membership for a year for sure), but it's annoying. I am, however, looking forward to having it back. My workouts have been suffering a bit.
We leave for Peru in about a month, and we're starting to look at what we will want/need to bring. I think we're both going to buy a pair of good hiking shoes. March is the tail end of rainy season there, and we're going to be doing a lot of hiking. Waterproof and sturdy is going to be key. Also, getting the hardcore mosquito repellent will be a necessity with all that Zika virus hullabaloo going on. We're not planning to get pregnant for a few years, and at this point it looks like Peru isn't seeing too much of the virus, thankfully - but my mother in law is freaking out a bit, and I'd of course rather be safe than sorry. Also might snag a lightweight hiking daypack with a waterproof cover. I'll have my camera with me, and I don't want it getting damaged. Lastly, I may pick up some odds and ends in the way of clothes. May want one more pair of good workout leggings for the trip, and maybe a lightweight long-sleeved shirt. Again, thinking of the mosquitoes. As far as "Nice" clothes go, I think I'm covered. I just want to make sure I'm comfortable and safe while we're out and about. Also, we're planning to do a lot of hiking once we move down south - so we'll get a lot of use out of anything we purchase. I may redeem some of my Swagbucks for giftcards to cover those purchases.
Mom's birthday party is, as I mentioned, this weekend. We're going to regift a restaurant gift card we got at the wedding. We don't spend much time at Darden restaurants, but she loves Olive Garden. I'll write a nice card, and that will be that.
We don't do anything for Valentine's Day, thank goodness. Might make a nice dinner, but no gifts. No restaurants.
I can't believe how soon we'll be moving - and we're starting to think about how we're going to arrange all of it. We need to schedule a weekend to go down to Nashville and see apartments (and hopefully that weekend put in applications), as well as figure the logistics. DH wants to price movers, but in the end I think it's going to be MUCH cheaper if we just rent a U-HAUL and do it ourselves, probably even if we have a friend drive down with us and then fly them back... but we'll see.
Admittedly, I'm starting to get *really* antsy for moving time to be here. Makes me feel a bit guilty, because we should be focused on enjoying our time with our friends here - and we are, for sure. But I think I'm ready for a change. Big time.
I think that's it for me today! I hope you are all having a great week! Enjoy your weekend! a