February 2017 Net Worth Update

Welcome to our February 2017 Net Worth Update! We are getting closer and closer to having 100% of the bills paid on the last pay day of the month.

statement-of-net-worth-february

As promised, we are seeing an increase in net worth this month! We had some surprise medical bills come up. A LOT of medical bills, so I’ll be making a post about how we plan to deal with that in the next few days. I suppose at that time I’ll have to add those bills to the Statement of Net Worth if we decide to make a payment arrangement on them. If not, we may do a combination of our Tax CD and Emergency Fund to pay them off. But, I digress! On to the breakdown.

Assets

The house, man! I have been entering numbers in Excel since I started paying February’s bills on January 27th. The house has been steadily decreasing in value since then. It started off with $500 decrease and now we are at $984! Darn it!! There really isn’t much I can do about it.

At the time of writing this blog, I’m waiting for our handyman to arrive and take measurements of our doors and give us a verdict on whether he thinks they need to be filled and sanded with a new door hole installed, or completely swapped out. I have $350 cash to pay him for the job and I think it’s going to cost about $250 plus the cost of one new door. I think the bathroom door is beyond repair. Note to Self: Claustrophobic dogs are no less claustrophobic when enclosed in a bathroom rather than a kennel. Since we will have about $100 left in the Handyman Labor budget, I think I’m going to ask him to install a new dishwasher because ours has been broken a long time, and it would just make my life so much easier! Some other things I considered asking for repair with this $100:

  • Bathroom vanity and faucet – you guys know how much I hate my bathroom sink. Oh you don’t? Perhaps I should show you sometime. That would be a fun blog post. Small Scale Renovation Goals!
  • New kitchen sink with garbage disposal – Oooh how I long for a garbage disposal. Plus my drains in the kitchen sink are shot. One side of the sink is not functional at all, and the other side ate the drain guard thingy. It’s stuck in there now and broken. #oldhouseproblems My ideal sink would be a 60/40 double sink or maybe even 70/30 if those exist.

Moving on…

The Dodge Dart also went down quite a bit. I’m trying to keep track of what I’m entering in to Kelly Blue Book so I can be sure to get an accurate depreciation each time so I can be sure these fluctuations are actual increases and decreases in value and not just me mistakenly entering in the wrong model and wrong mileage.

Savings is a little higher in recent months than it typically would be when I show our Statement of Net Worth because I have been needing to wait later in the month to make our credit card payment, so you’re seeing the savings we are building up for the next month’s bills.

Our Emergency Fund and our Savings – Tax CD might be leaving soon due to the medical bills I discussed earlier. I have a plan of attack for those, though. Will write more about that in a later blog.

Due to the decrease in our home’s value and the Dodge Dart, our assets decreased in value this month $654. Darn. It. All. But on the good side, other increases in assets offset the loss so that’s a bonus.

Liabilities

This month, only one account went up in value and that’s the Navient account which is to be expected. I know I mentioned that I would start sending extra to this account soon, but until I know 100% what’s going on with the medical bills I’m just not sure what I can do with this.

All in all I think our medical bills before fighting and negotiating are going to be more than $2,500. Scary stuff!! But the love of my life is healthy and that’s what matters most.

So all in all we have an INCREASE in Net Worth (just like I promised) of $1,167!! This is by far the largest increase we have seen in our journey and is much more typical of what we can do every month when we aren’t buying new cars and giving vehicles to our children 🙂

Thank you guys so much for reading and keeping me accountable!

Coming up in March 2017:

  • Stupid, stupid medical bill post. Booo….
  • An Increase in the Liability Account – Home Depot for the purchase of a new interior door and dishwasher on special 0% interest financing

Windfalls, Tax Returns, and Bonuses…. Oh, my!

Around the beginning of 2016 I was inspired to reduce my Federal Income Tax withholding to a point where our family would not get a return, and instead increase our weekly take home pay so that we could spend it more responsibly than we would with a huge windfall in February.

How did I do this? I looked at a tax table and calculated how much tax we would need to pay on 100% of our income.

tax-returns

I always always give a whole lot of wiggle room so I didn’t include the fact that some of our income was nontaxable: health dental and vision insurance, flex spending and 401(k) contributions were not taken in to account. I wasn’t aiming directly at a $0 refund (not brave enough) but I did significantly increase our take home pay by about $50 a week! I felt like I got a raise, it was great!

Then, my mom took me to bingo for my birthday in April. I’m an old lady at heart! Can you believe I won $6,200?! I firmly believe the reason that I won was because I looked at the jackpot and calculated how much money we would all get if I split it between myself, my mom, and a friend that came with us (it was also her birthday). Then I did win, and I promptly gave my mom $1,550, the friend $1,550, myself $1,550, and I opened up a 1 year CD for $1,550 to pay taxes on what I assumed the amount due would be. I cannot for the life of me remember what I used my $1,550 on but I searched my bank account and it looks like I paid a whole lot of bills on 4/8/2016. It looks like I was catching up?

Anywhosies, come April 2017 I will have another 1,550 windfall since we did our taxes and we are actually getting a small refund! We are going to use the refund to pay labor for the handyman to put in the new doors. The $1,550 I think I will hold on to a bit more for our auto insurance renewal which will be put on the auto pay credit card on 5/11. This way instead of knocking us on our butts again and taking a few months to recover we can continue with our debt pay off! Smart, no?

I hope if you are expecting a windfall that you are planning out the most responsible way to use yours as well!

Blessings Abound

I am an aspiring minimalist and own very few items. I don’t purchase clothes or shoes for myself unless I absolutely love them. I also am very savvy at shopping sales and never pay full price for anything. If I have to pay full price that makes an item 75% less attractive to me!

It’s not unusual for me to go through a purge and start cleaning my closet and home of things I don’t love anymore, and I did that this past weekend.  I donated books that have been sitting around for years to my local library and I have a basket in the dining room where I collect items to be donated which I took to Goodwill.

The great thing about working at the dance studio is I have to pass the library on the way there. I stopped in last Saturday when I made my donation and looked through the personal finance section and saw lots of books that I wanted to read! Unfortunately time didn’t allow for my to actually check one out, but I hope to do so this Thursday or Saturday. Also, the dance studio is located across the street from Goodwill so I can drop off our unwanted items there very easily and regularly.

I think we have all heard the advice to sell unwanted items around the house for help coming up with funds. Since I am a little behind on bills I decided to do just that, and I had some gems around the house that I was having trouble letting go of, but I went ahead and  listed them for sale on my local Facebook Buy Sell Trade page and couldn’t be happier.

blessings-about

I sold 2 pairs of jeans that fit a little too large and just made me kind of sad every time I would attempt to wear them. The colors were adorable and I had shoes that matched perfectly but they were baggy in the thighs and fell down my butt. 😦 They got me $15.

I sold a brand new pair of Nikes that I bought for my daughter for gym class, but she never had gym last year and refuses to wear sneakers (girly girl problems). I got $20 for those.

I sold another pair of Nikes that were a touch too small for me which made me upset because I loved them so much and I wanted them to fit! I even put water bags in the toes and froze them over night in an attempt to stretch them out, but no dice. Those got me $15.

I sold an Ann Cherry waist trainer that I was so sure I wanted over year ago and cost $50 but was way too small on me. I kept it for a while for thinspiration but it was just gathering dust and looking ugly in the closet. I got $20 for that.

So, this is all money now that can go toward catching up on those bills at the end of the month! Great news, right?

I have found that when I bless others, blessings come my way. Read what happens next…

Yesterday I got an email from the dance studio very apologetically asking if I could come in to work this Saturday (it was supposed to be my off weekend). I said, “Absolutely! I have nothing better to do.” There’s $50 more toward bills.

Today I received my paystub and found that my check was $50 more than I anticipated due to being refunded for a payroll error for the last 2 weeks. I still don’t have my new normal paycheck amount, but based on this week’s paystub I’m thinking I might bring home $25 more a week from the changes I made to my health insurance for 2017. Great! I’ll find out for sure next week. In any case, $50 more toward bills this week!

I got home from work today and had a check in the mail from the bank where we originally had the Dodge Dart financed. A refund of $21.55 for loan over payment. This will be $25 more toward bills!

Have you ever found unexpected money once you decided to get serious about your debt? Have you been blessed when you decided to make a donation to charity? I’d love to hear about it!

January 2017 Statement of Net Worth Update

Hello, and welcome to our January 2017 Statement of Net Worth Update. I’m sorry it is so delayed but as I said in my previous post, Christmas and some mighty big insurance changes have knocked us on our butt this month.

First of all, we pay our insurance in full every 6 months so we can take advantage of the 5% discount for doing so. It’s always a bit of a stretch to pull this off, but this month our policy went up $50 from the last statement, then we added the Dart which added $400+ dollars to the policy but then we made sure my son had full coverage on his car which made the policy go up another $350! Great googly moogly! So now we are “behind” again. Being behind means I have to wait for payments to post in order to give the update on our Net Worth.

We did hit over negative 70,000 in Net Worth but I am committed this year to not have any other decreases in our net worth. It is onward and upward from here! I am pretty sure we are done shuffling around assets and taking on new debts… Except for the new doors, I forgot about that. Eh. And new Furnace/AC…. Okay maybe one more decrease. I am terrible! Okay, on to the breakdown!

statement-of-net-worth-january

Assets

Our Home went up in value $96 which I was feeling pretty good about until I looked at our very first Statement of Net Worth and saw it was worth $75,373! It still hasn’t made up that huge $1,452 decrease in value we saw in November! I was wondering if that big decrease was due to the house that sold a couple doors down that I told you guys about in a previous blog, but I looked up the address and found it sold in 3/2015 for $25,000! What a buy! I can’t blame the decrease on that house anymore but in any case, we are still recovering nicely. The landscaper comes back in April and we are planning to plant petunias and break up some huge mums I have in the front of the house. I’m certain the increased curb appeal will amount to an increase in home value.

The HHR is off the books and now belongs to my son. I hope he enjoys it for many years to come.

My 401(k) went up $113 but we should be seeing some huge increases in this account in the coming months! My work has changed from a 2% contribution they just gave with no contribution necessary on my part, to 4% matching. I of course will be contributing 4% now and getting the company’s 4% so I’m excited to see how this grows over the coming months!

Liabilities

3 accounts increased in value this month: The Dart loan, CP Visa, and Navient. Wait, I can explain!

Dart – We refinanced our loan through our local credit union for a .25% interest rate reduction and also to add GAP insurance for $399 since we owe nearly $5,000 more than the car is worth. GAP insurance will cover 100% of the loan in the event that our car is totaled plus give us an additional $1,000 to go toward the purchase of a replacement vehicle. I was happy to add this insurance and I feel much better knowing it’s in place now. We are seeing a $461 increase in this account due to the $399 cost of GAP insurance and because we had no payment due in January. Not the smartest decision I know but I did need that $250 since I was short on paying the bills on the last pay day of the month.

CP Visa – We used this card for Christmas purchases and have been paying it down $100/week so we are only seeing a $118 increase in this account. We have put our cards away and hope to have this account paid in full by August so that we can start using that $100/week toward saving for a down payment on another home.

Navient – Like I said in previous blogs I was keeping an eye on this account to see how much it grows even when I make my minimum Income Based Repayment Plan payment. It only grew $114 this month vs. $161 last month. I called Navient and they advised me that my account accrues about $275 of interest every month. I have listed in my 2017 Goals blog post that I intend to start sending an additional $175/mo on top of my Income Based Repayment Plan amount of $90.61/mo in or around 4/2017. I will keep you posted! I intend to write a blog post in the future detailing each of my Navient student loans, their amounts, and interest rates. The smallest loan is around $1,200 and I know I will be able to knock that one out quickly.  I can’t wait to get started!

So, due to the HHR coming off the books, and adding GAP insurance to the Dart loan we are once again seeing a decrease in net worth. We have to stop getting deeper in the hole! This blog keeps me accountable, and without it I wouldn’t even realize just how much trouble we are in. We now have a negative net worth of $70,620 with a decrease of $3,651 this month.

Coming up in February 2017:

  • An increase in net worth!
  • An increase in 401(k) – D account due to increased contributions

Thank you for reading!

XOXO,

Dolores

2017 Goals

It took me a little while to come up with some goals after I realized how far behind we were due to the major changes we had with our car insurance this month which I will cover more on the January Statement of Net Worth post. I was left feeling defeated and depressed.

be·hind
bəˈhīnd

1. The inability to cover all of the next month’s payments on the last payday of the current month

According to my calculations we should be caught up at the end of March. Once we are caught up it should be smooth sailing from there on out and I thought I would share some of my financial goals of 2017.

Financial

  • Bills caught up (approximately 4/2017)
    • Send extra payment of $175 to Navient
      • Focus on smallest student loans first
    • Increase automatic deposits in to Christmas Club and Vacation Club accounts from $5/week to $20/week
  • Personal Loan sent to 0% for 18 months balance transfer 4/1/2017
    • This will increase our monthly bills $50 for the next 17 months
    • Will cost approximately $101 (3% balance transfer fee)
    • Saves $336.60 in interest
    • Cuts loan maturation date from approximately 8/2019 to 9/2018
  • CP Credit Card paid in full 8/2017
    • Currently send $100/week
    • After paid off, will set up automatic transfer of $100/week in to savings for down payment on a new home
  • HHR 0% balance transfer paid in full 10/2017
    • Currently send $275/mo.
    • After paid off, will set up automatic transfer of $250/month in to savings for future car purchase (projected 3/2018 when Equinox lease is up)

After 8/2017 we will have extra money to send to bills or to send to a retirement account. I’m really unsure what to do at that point. I think I should get in touch with a financial planner to ask which I should focus on. After 8/2017 I could:

  • Send extra money to the home to bring balance down to $56,160 and get rid of PMI payment of $54.54/mo.
  • Send extra money to Navient which has interest rates up to 6.55%
  • Send extra money to retirement account which would earn 8-10% interest over the next 29+ years
  • Could work on complete debt freedom

Perhaps I should add seeing a financial planner as a goal in 2017? What do you guys think?

Home Goals

  • Install new interior doors upstairs 4/2017
    • Safety issue as well as an increase in the financial value (eventually, if we were to get it appraised) and our intrinsic value of our home

 

  • Purchase a High efficiency furnace and central AC 6/2017 with Home Depot special 0% 24 month financing option.
    • Our central AC was installed in 1988, and our furnace is probably older than that. This will not only increase the value of the home, and our intrinsic value of our home but it should also drastically reduce our gas and electric bill which is currently $187/mo.
    • Will increase monthly bills about $150/month for the next 24 months assuming a price of $4,000 for the pair.

 

What are your goals for 2017? Feel free to link me to your blog I love reading and commenting on your ideas.

 

Talk again once the net worth update is ready.

 

XOXO

Dolores

A Very Merry Weekly Recap

Just in time for the New Year I have decided to take a new direction with my blog, which is more of the direction I had originally planned in my first blog post.

I recently heard an interview in which Andrew at familymoneyplan.com stated that he didn’t try to blog about how to get out of debt, but how HE got out of debt. That really hit home for me. I have been slow at posting lately because I struggled to come up with detailed, well thought out, informative posts for my readers when my mission was to document THIS family’s journey to have a positive net worth.

So, going forward I will document our wins and losses as I always planned to do.  Let’s start now.

12/21/2016

Today I was in touch with our credit union to request the interest rate reduction on our personal loan, and was advised that we could transfer our loan for our Dodge Dart from Huntington at a 4.49% interest rate to the credit union at a 3.99% interest rate.

Christmas has us just a little “short” on bills. I say this even though we never pay our bills late. My strategy as the family accountant is to save our paychecks all month long, and on the last pay-day of the month we pay all the bills that are due the following month regardless of their due date. So at the end of December, we would have been $650 short on paying 100% of all the January bills, so I would have to pay 2 of the January bills on 1/8, and those 2 were due 1/10 and 1/11. No big deal, but I don’t like when this happens! It’s a signal to me that we have mismanaged our money this month.

When our credit union told me the terms of the new loan agreement, the payment amount dropped about $40 a month but mostly because the term is now 60 months. On the old loan our terms were 54 months. Also, our first payment will not be due until 2/4, so we are skipping the January payment. The financial side of me knows that it’s a bad idea to skip a payment and to extend the loan, but in the short-term it really helps! I figure once I catch up and pay off things that are costing us more money in interest I can work this down quickly.

We also added GAP insurance for $399 since we owe more on the Dart than it is worth, so we will see the balance owed on the car go up again this month.

I have also created a list of all the loans we have currently that cost us interest.  I have a plan of attack which basically amounts to the debt avalanche method (paying off highest interest first). Whenever I start thinking about these plans I get excited and carried away and start planning the next debt, and the next debt until I find myself planning budgets for 3 years in the future! I’m not joking!

There is some marital discord because my husband wants to buy a new home because the one we are living in now is really a starter home. I would like to stay modest in the home that we have and spruce it up to our standards. I also want to buy rental properties, but my husband wants us to be in a better home first. I can’t plan too far in to the future (ie: past 10/2017) because at that point I would really like to be throwing all I can at my student loans, and my husband would like to pile up money for a down payment on another home. I usually do go with what my husband wants first, because as long as he’s happy then I can go about doing what I want! What do you think the best course of action would be? The more I have been thinking about it, I start to think that maybe we can halve our savings between a down payment on a new hone, and paying off student loans. But I have also heard a saying, “If you aim at many targets you’ll miss them all’, which basically means to focus on one thing at a time.

It’s killing me not to be able to look ahead. I guess all we can do is take it one day at a time…And I’ll continue with the small home improvements here and there to make our humble abode ever so slightly less cumbersome.

12/22/2016

Today was No Spend Thursday and I started the day off by buying a $2.12 Extra Large coffee from Tim Horton’s because I knew I had a big shipping project to work on at my first job. Then, I went to my second job at the dance studio and bought crackers and a soda for $1.50 with $2 I found in my husband’s pocket while I was sorting laundry 😉 So we had a tiny bit of a fail for No Spend Thursday and it was all on me!

12/23/2016

I’m writing this just before noon in my PJs sipping on a coffee from a Santa mug. I’m going to have a busy day today. We need to:

  1. Grocery shop for Christmas Eve dinner
  2. Put up the Christmas tree
  3. Finish wrapping the Christmas presents
  4. Clean house

Luckily only one of these costs money! Christmas Eve dinner shouldn’t be too bad since I coupon a lot, I have a lot of the stuff I need stockpiled, and some stuff left over from Thanksgiving. Here’s what’s on the menu:

  1. Small Turkey Breast
  2. Ham with Pineapple
  3. Stuffing
  4. Mashed Potatoes
  5. Macaroni and Cheese
  6. Green Bean Casserole
  7. Hawaiian Rolls
  8. Apple Pie & Chocolate Pudding Pie
  9. Watergate Salad (made by my mom!)

An update from Future Dolores: Christmas Eve dinner cost about $50, and we got all our goals accomplished this day. Win!

12/24

One of our big splurge events happens on Black Friday. This is when we give ourselves the green light to go ahead and buy things that we really want if they are on sale. Some of the things we bought this Black Friday were:

  1. An electric fireplace for my daughter – $38 marked down from $70 (the heat doesn’t quite reach up to her room in our old drafty home)
  2. A pair of boots for myself and my daughter – $20 each, marked down from $80 each
  3. 4 pairs of leggings for my daughter – $5 each marked down from $20 each
  4. 2 boxes of Tupperware – $10 each
  5. Decorative baskets – $10 (I have a thing for baskets and boxes)
  6. 2 double slow cookers – $20 each

I can’t remember what my husband and son got!  Anyway, last night we had our traditional Christmas Eve dinner and I was finally able to use those double crock pots for the first time. All other Thanksgivings and Christmas Eves in this home we have had disposable tin foil pans laid out along the table and I would be stressed out trying to time everything so it got done at the same time. This year I was able to cook the stuffing and green bean casserole early and just throw them in the crockpots on warm. In the other crock pots I put the mashed potatoes and macaroni and cheese. I wasn’t too worried about the turkey and ham, but then my mom came over with her Christmas gifts, and what did she give me? A 3 pan warmer! I was a little disappointed at first because I really liked my slow cooker set up better, and my mom comes to all the holiday dinners so there’s no way I could get out of using it without hurting her feelings – but then I discovered that it perfectly fit our turkey breast, ham, and dinner rolls!

christmas-eve-dinner

The picture doesn’t do it justice; I snapped the picture quickly before my phone died, but Christmas Eve dinner looked so beautiful and stayed warm for everyone to get seconds and thirds, including my nephew who couldn’t make it until 8pm due to work. Truly a wonderful Christmas Eve.

I hope your holidays were just as great!

XOXO,

Dolores

December 2016 Net Worth Update

Hello, World and welcome to our December 2016 Statement of Net Worth!

statement-of-net-worth-december

This month we see a decrease (egad!) in our Net Worth because we bought a 2013 Dodge Dart. Buying cars is definitely a learning process for us and I expect we will get better as time goes on. This was an expense that we expected and did plan for. The car was for sale for $10,000 and we negotiated with the dealership to get the price down to $9,400 which I thought was awesome. We were aiming for $9,000 but there was really nothing wrong with the car so we went ahead and paid that. BUT my husband really wanted a warranty added on to the car. We disagreed about this so we came to the conclusion that we will go ahead and get the warranty because he really wanted it, and I would feel terrible if something happened to the car where we needed the warranty! It cost $2,495 and was added on to the loan, which automatically makes it cost more. I really wasn’t happy about this! But we went ahead and added it to the loan and we are using it as a learning experience. I have an ongoing note of the repairs that we get under this 3 year/36,000 mile warranty. If the costs don’t exceed $2,495, going forward we will know to opt out of the warranty for future car purchases and just hold that money aside in an Emergency Fund especially for car repairs.

I looked up the car value using Kelly Blue Book and I believe I selected excellent condition, and sell to a private party. Dealerships are always more expensive but we aren’t to the point yet that we are ready to risk going to a private seller. I might attempt it when I buy my daughter’s VW Beetle in 2018. Scott Alan Turner had some good ideas on how to achieve this: Look up the cars you want on your preferred search tool, and then arrange for the seller to take the car to the dealership for an inspection. If everything is up to par then you go ahead and buy the car. If everything is not up to par, you and the seller both know what cards are on the table and you can perhaps negotiate the price even lower if you are still interested in buying the car. If not, you’re out the cost of the inspection but that’s a small price to pay because you avoided buying a lemon. Plus, you could save thousands by going to a private seller. Just look at our deficit for the Dodge Dart: It is worth $7,524 had we purchased it from a private party and we owe $12,526… Stupid warranty. Grr.

On to our regularly scheduled breakdown:

Assets

­The value of our home went up $477! Great news, but nothing under our control, just the fluctuations of the housing market.

The HHR went down in value $46 which isn’t a big deal, but what will be a big deal is when I sign this car over to my son it will be coming off our Assets resulting in another $2,000 decrease in net worth! I really don’t want to hit $(70,000)!

In regards to the Christmas Club and Vacation Club accounts, my husband and I have agreed to make a New Year’s Resolution to increase the automatic transfers in to these accounts from $5/week to $20/week! That will be super helpful come Christmastime next year, and should allow for something of a vacation eventually.

On to the ugly…

Liabilities

This was the first month of our increased principal payment due to the regular monthly payment amount due dropping from the escrow adjustment last month. So our mortgage decreased $124 instead of only $95 in November.

We will be scoring a 5.5% interest rate reduction on our personal loan later this month due to our credit scores increasing 2 letter grades in 1 year, so that will help take more off the principal until I add this to my Capital One 0% balance transfer I have planned for April.

Some awesome news is that we paid off my 401(k) loan last month! I left it on the spreadsheet to reflect the 0 balance, but I’ll be taking if off next month. I can’t wait for the day when we have more asset accounts than liability accounts. Maybe in April when I  transfer the personal loan to Capital One.

I made my first Income Based Repayment Plan payment to Navient this month, and my balance actually went UP $161! How heartbreaking, right? There were some hiccups with autopay which was supposed to start 11/3 and then again 12/3 but they never drafted, so I had to call and make the payment myself. I’m going to watch next month and see what the balance increases to and then increase my payment that much. It stinks I’ll have to pay that much extra just to keep from falling deeper in to debt, but if I had done it years ago I wouldn’t be paying compounding interest on the balance now. I have to draw the line somewhere! I can’t choose to wait for the 25 year forgiveness to save me because my balance will have grown to $81,000 by then and all of that will be counted as income on that tax year. Plus, I just want it gone. I really want to pay this off.

Home Depot went up a little bit because we purchased a leaf blower, the expense of which was offset by my payment. This will actually be going up quite a bit more in the next month or 2 because I’m planning on updating the bedroom and bathroom doors in our home. I’m doing a bit here and there to try to not only increase the value of our home but increase OUR value of the home. I am trying to make it as comfortable and accommodating as possible so we are happy in it as long as possible.

Our Capital One account balance has decreased $351 thanks to $275 coming of for the 0% HHR payment, and other miscellaneous balance changes that happen month to month since we have many of our bills on autopay and pay it in full each month.

And here we have our December 2016 Net Worth amount of: $(69,580)! A decrease of $2,611 from November. Whomp Whomp.

Fun Facts:

This month we have started a New Month Resolution called No Spend Thursdays! I have been inspired by Youtubers who engage in No Spend Months but I really can’t imagine going that long without spending! Another Youtuber suggested to start out small by having a certain day of the week where you don’t spend anything. That’s Thursday for this Family!

Exciting Changes Coming Up in January:

  • Increased principal payment to personal loan due to interest rate reduction
  • Increased auto transfer of $20 to Christmas and Vacation Clubs

I really wish this month had more success to share. I love that this blog and the monthly updates keep me accountable.

Talk again soon!

XOXO,

Dolores