If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Debt Balances as of the End of August 2010:

  1. First Mortgage:  $169.862.98
  2. Second Mortgage:  $31,228.81
  3. Rental Property:  $107,637.56

Total Debt:  $308,729.35

This is a difference of -$574.67 in principle from the $309,304.02 owed in primary and rental mortgage debt at the end of July.

Yes, our debt snowball is still in limbo until we sell this house.

Reminder: Regular Payments Breakdown:

  1. First Mortgage: $1538.63
  2. Second Mortgage: $283.90
  3. Rental Property: $758.00

Total Monthly Payments: $2580.53.

$2,005.86 of this was toward interest alone. That is still so, so wrong.

Changes coming to the Second Mortgage

We’re looking at transferring the second mortgage debt to a credit card offering 0% APR for 12 months, with a $75 transfer fee.

Yes, just $75. Normally a transfer fee is 3% of the transfer amount! We received this offer from USAA, and I did a double-take when I read the fine print. Right now we pay a little over $7 every day in interest on our second mortgage, so this transfer is a no-brainer. And it has the added bonus of simplifying the sale of our home when the time comes. Which is any day now…

We have successfully used credit card transfers in the past. That’s how we paid off our car and our home improvements. We were gazelle intense and saved loads on interest. We have a very good “I Love Debt” aka FICO score, what can I say.

In other news

We lowered the price of our home. From $231,850 to $225,000. Two houses on our street recently lowered their prices and both received offers soon after. Let’s hope it works for us.

*****

Now go add your own update to the linky-linky below! Remember to link to the post that details your debt and/or net worth update, and not just to your blog url.

{ 1 comment }

The Cost of a Little Girl Dancing, again.

by jolyn on September 2, 2010

Olivia’s dance lessons are starting up again! Just ballet and tap this year — as opposed to ballet, tap and jazz.

I had to question her decision to drop jazz; after all, last year she kept saying it was her favorite class! The first time we talked about it and she said she didn’t want to do jazz, I didn’t hold her to it. “We’ll talk about it again closer to when classes start up.”

When I brought it up again, she was still sure. “I just want to take tap and ballet.”

I still wasn’t sure. Why not just do all three? The classes all follow each other, after all; it’s not like we have to drive all over hither and yon for each class throughout the week. And last year jazz was your favorite! Surely you’ll change your mind once you’re there.

But then I talked to another mom, with a dancing daughter of her own, who’s been doing this a few years longer than I have:  “Don’t force them, whatever you do. And tap is the best one to do at this age, because once they stop that it’s really hard to pick it up again.”

So. I heeded her advice and held my tongue, and Olivia’s just taking ballet and tap. Jazz-schmazz. At least it saves me the money of buying another pair of shoes.

"Ooh, ahh, new tap shoes!"

So far, we’ve just bought new tap shoes. She needed some two sizes larger than the ones she ended with last Spring. Which leads me to wonder if her toes weren’t a little tight in her tappers by the end of the year… I don’t think her feet actually grew that much this summer.

She’s insisting that her ballet shoes still fit, though. Thing is, they’re made out of leather, people. So they stretch. Maybe they don’t pinch her toes, but does that mean they fit?

Not being a former dancer myself by any stretch of the imagination, I decided to hold off on buying new ones until I talk to her instructor. Maybe Olivia’s right? No sense buying new ones if I really don’t need to. Her old ones will certainly be fine for another lesson.

Or two. Lessons, that is. Because they started up again this week, but the night before Olivia was supposed to have her first one she woke up sick and blowing chunks. And no, she did not miss the carpet. In her room, or in ours — where it’s white.

The carpet, that is. Not the chunks.

Ewww.

I did not take a picture. I have my limitations. Though I am reminded of a friend of mine who took a picture of the mountain of barf her Marley-type Labrador left for her to clean up off of their floor — thankfully he missed their carpet. She wanted the rest of the family to fully understand the scope and scale of the mess with which she had to deal. She knew they wouldn’t believe her otherwise.

I won’t post that picture, either. Though I did see it. And it was impressive.

But back to the shoes.

$47.25 for one pair of tap shoes for one little girl.

We’ll also have the cost of lessons, $15 each week. And I won’t be surprised if a pair of ballet shoes get thrown in there in the next couple of weeks as well. We’ll see. I’d rather buy new shoes than have more puke on the carpet to pick up. Poor mom thing.

{ 3 comments }

Personal Finance Updates!

by jolyn on September 1, 2010

I’ll be posting our monthly debt balance update in a couple of days, and I just wanted to remind you to post yours, too! Then come to my blog and share your linky-linky with the rest of us so we can all be inspired and motivated by your progress … or commiserate with you if the road’s been bumpy. ;)

Either way, I’m planning to continue posting our own numbers on a monthly basis and hope that the linky-linky I started last month will be a place where everyone can share their journey and find encouragement and inspiration from others who are sharing a financial  journey of their own. Whether you’re eradicating debt, tracking your net worth, or all of the above, we want to hear about it!

You don’t have to post your numbers monthly; we just want to see the latest of whatever numbers you’ve got! Go to my last post where people shared their own updates if you’re not sure how this is done. Then come back here on September 3rd and add your own to this month’s update.You can even grab the image up above and the button on my sidebar! Yes, I went all out with this, I was kind of excited. What can I say: I love to know how people are doing so I can cheer them on! I hope you do, too.

{ 2 comments }

Careers and Kids and Separations. And a bit about Homeschooling, too.

John just got back from attending a month-long course down in Texas for Air Force Officers of his rank (major) who are in his career field. The class was small, maybe a dozen officers or so, and they were (rather forcibly) encouraged to mingle and socialize after-hours as an extension of the networking that the course promoted.

I’ll be interested to see the final numbers once John has filed his travel reimbursement. Lots of eating out. To give you an idea? John gained five pounds! He’s a fairly fit and trim guy, so this was a pretty significant gain for him.

Career

John’s been in the military for a long time: going on 17 years now. During those years, we’ve had plenty of separations for deployments and TDY’s. The longest separation at one time was seven months — not too bad considering all of the year-long+ deployments the Army and Marines regularly deal with today. I consider us lucky.

John had several interesting conversations with other officers during this course. One subject that came up was circumstances within the military that require a husband and wife to be physically separated. Now, within military circles, TDY’s and deployments are accepted as fact and taken as a matter of course. When you mention to a fellow military spouse that your husband is deploying, for instance, you’ll hear something like, “Oh, I am so sorry. That’s rough. How long?” Whereas in civilian circles you’ll hear something more like, “I don’t know how you do it.” Or even better, “I could never do what you do.”

Separations

Which really isn’t helpful, by the way. Because of course you could do it! We all just do what we have to do, don’t we? I would never want to be a single mom, for instance. But if something happened to my husband, I would do it because I had to. Oh, it would stink all kinds of rotten, and there would be scars and lots of tears, but I would do it. Just like you would. A deployed husband? At least he’s coming home!

These are the kinds of thoughts that, for me, help when my husband goes away: at least I still have income; at least we can (usually) communicate while he’s gone; at least my kids still have a dad who’s coming home to them. I really don’t have it bad at all. This knowledge helps me climb out of any pity I might try to wallow in.

But back to John’s TDY conversations.

Kids

So the topic of separations came up, and one couple was mentioned who have been apart from each other eight out of twenty years. You read that right. Eight full years. And yes, they have kids. They’re both military, and they’ve both pursued their careers which at times has caused them to be stationed apart from each other. This wasn’t a case of multiple deployments, and 365-remotes (an assignment for one year without your family). But rather two separate households, for eight years, in different parts of the country, to take the best assignment for your career. And the thing is, no one else thought a thing of it. It was just mentioned in passing like it was no big deal.

As John went on, he said that when the people he was around look at our situation of owning a home where our son is attending high school, with John getting ready to go to school in another state… They would think nothing of me and the kids staying behind while he moved without us. For three years.

The arguments might sway many people.

“Oh, your son is in a good high school. What about his friends? Just stay so he can graduate.”

“You have a great house in a great neighborhood. This is a terrible time to sell, just stay and let John go on without you. He’ll be busy with school anyway.”

“Lots of people do it.” This one is usually accompanied by a shrug.

I think you can gather what I think about our options. To me, a house and a school and even friends are just not compelling enough reasons to split up a family. Okay, a school is pretty important… But that is why I’m making this huge effort to transition to homeschool, something I have been getting to the nitty-gritty details about more and more even just these last few days. Lots and lots of military families homeschooling in Monterey, people. I am not the only one doing this.

Homeschooling

Another thing that John brought up was his follow-on assignment to California. If Conner attended public high school and had one (or two) semesters left until he graduated, John could put in for a 365-remote while the kids and I stayed in California for Conner to finish high school. I was like, “Um, no thanks?”

John readily agreed, but he felt compelled to tell me that was an option. The guy really is trying to get this whole homeschooling thing, but he just doesn’t feel like he knows much about it and he hasn’t been learning everything that I have and so the whole thing just sounds difficult and daunting. I try to fill him in on what I’m learning, but my explanations are sketchy at best: it’s difficult to summarize something you’ve read so much about yet are still trying to figure out for yourself. My ultimate goal for Conner, for instance, is that he will be an official high school graduate before John’s three years at Monterey are up. I have some very specific ideas of how to make this happen, but I won’t know how all the details will play out until we’re actually there.

Has anyone else started homeschooling for the first time right after moving to another State? Including a high schooler?

Back to Career

I understand the pull of the career, I really do. Ten years ago, I felt the same pull. But to me the choice was clear and I could never imagine having made a different one. Have you ever sacrificed a career for kids? Kids for career?

We do not have ultimate control over future separations that we will face, but John and I are clear on one thing: if at all possible, keep the family together. John has no interest in being a long-distance dad. I have no interest in being a single mom, if I can at all help it.

That’s not to say that the military won’t decide to send him on a 365 following Monterey anyway, or that we won’t have many more TDY’s and *gasp* more deployments in our future. But this single-parenting thing is for the birds, really. I’ve just sat back and realized that John has been gone five out of the last eight months. No wonder I’m feeling burnt-out! Now, that’s not nearly so bad as some have it. Really, it’s just a taste of what some go through. But to choose these separations in the interest of a career for each of us?

To me, the choice is clear. But I’d be curious to know what you all think. It can’t be so cut and dry when so many people are choosing otherwise.

John added one final tid-bit from his TDY. So many of his officers are so focused on their career and pursuing the best assignments at whatever cost. Yet, during this course, more than one guest speaker — a higher-up — touched on Life After Service, and how when it was all said and done, your life and ambitions in the Air Force and what seemed so important for your career will dim in favor of life Everywhere Else and the life you’ve cultivated outside of the service.

This, coming from officers who, in the eyes of some of John’s fellow classmates, had made it. They were where officers of John’s ilk want to be. And they were saying, It’s not worth sacrificing everything just to be where I am standing today. I just wonder how many actually listened to their advice.

{ 22 comments }

The Housing Market is sucking rocks. Guess how it’s affecting us?

August 27, 2010

Oh, my Lord Almighty in Heaven have mercy. Have you all seen the headlines about the recent housing market reports? About the economy in general? Not good. Not good at all. We already knew that, right? But somehow it’s different, seeing it all in black in white. As one report stated, “….the toxic mix of [...]

Read the full article →

Public school isn’t completely free, you know. How much is the start of the school year costing you?

August 26, 2010

Kids started school this week in our little corner of Ohio — and yes, my youngest was just about as excited as he looks in the picture. The weather has also cooled and it feels like Fall! Will this last, pray tell? I was in denial until right up to the last minute how early [...]

Read the full article →

We Went on a Road Trip to Maryland! And played tourist in Washington, D.C. Did you miss me?

August 23, 2010

So the kids and I just got back from road-tripping it from Ohio to Maryland! A rather spur of the moment decision to go visit some friends we haven’t seen years. I decided if I waited until John got back (from his TDY), or until we could otherwise all go together, it just wouldn’t happen. [...]

Read the full article →

Does Your Spouse Stay on a Budget When He Travels for Work?

August 15, 2010

As I mentioned in my last post, my husband is TDY right now, which is military-speak for a business trip. I don’t envy him being in West Texas in August! Although it hasn’t exactly been roses and rainbows up here in Ohio, either. Blech. Military Per Diem: Excuse to Spend? Or Opportunity to Save? When [...]

Read the full article →

On Blogging.

August 14, 2010

My husband’s TDY* in Texas this month HELLO CAN YOU SAY HOT? I DO NOT ENVY HIM and I wish I could blame his absence on my inability to post regularly but I can’t. I love this blogging thing, I really do! And I especially love all of you guys who take the time to [...]

Read the full article →

Putting Your House on the Market, a Series: Introduction

August 9, 2010

This Series will focus on the steps we took to prepare our house to put on the market, the staging that we’ve done (and continue to do), and the feedback we are receiving from potential buyers. The focus is on our experience selling our home in suburban Ohio. As of this writing, our house has [...]

Read the full article →
Improve the web with Nofollow Reciprocity.