Monthly Financial Update! And some musings, too.

by jolyn on September 3, 2011

in Personal Finance Updates

I harbor no illusions that you all are waiting on pins and needles for my next post. Or that you even notice if I’m posting or not. But I miss you guys, I really do. I miss this blog. When I do get on I don’t even recognize the updates and I have to fumble my way around and the whole place feels like someone came in my house when I wasn’t home and rearranged my furniture. sniff. 

If thoughts could be posts your inbox would be inundated by now. Or your facebook feed. Or twitter. Or your google reader. (Does anyone still use that?) Or whatever method you use to follow your bloggies.

Alas, I actually have to get on here and type, and think coherently, and write accordingly, with no interruption, for at least five minutes. In a row. 

So many things pulling me in so many directions right now. And it seems that blogging, for me at least, is like not replying to an email from a friend right away. And then so much time goes by you feel like you should write a really good email. Which takes more time so it takes even longer for you to sit down and do it. Then when you finally do, with good intentions, you write a bit, then you get interrupted and it gets sent to your drafts. Where it languishes. And then…

You get the idea.

But enough already.


Debt Balances as of the End of July 2011:

  1. *Credit Card Transfer: $9,999.99
  2. Vegas Rental Property:  $103,715.28
  3. Ohio Rental Property: $167,482.34

Total Debt: $281,197.61

This is a difference of $7,638.50 owed since last month.

*The credit card transfer used to be our second mortgage for the Ohio rental. Back when the rental was still our primary residence.

Breakdown of Regular Payments:

  1. Credit Card Transfer: $0 due –> $7,166.24 paid
  2. Vegas Rental Mortgage: $647.00
  3. Ohio Rental Mortgage: $1641.58

Total Monthly Payments: $9,454.82

So many things in my life are in disarray right now, and finances aren’t excluded. Waaaaay back when we found out when we were moving, I stopped our debt snowball and focused on bulking up savings, to the tune of some $20,000. gulp.

That sounds like a lot to just have lying around, at least to me. And I’m okay now telling you how much we had because we no longer have it so all you creepies out there won’t go stalking my children with plans of kidnapping and demanding exactly $20,000 for their safe return because you know I have it.

There, now you know where I draw the line on blabbing about my finances on the internet. I’ll talk debt all day long. But don’t ask me how much cash I have. I’ll assume you’re plotting to kidnap my children.

So $20,000 sounds like a lot of liquid cash to have. Yea for us! That is… until you remember that we still owed about that amount on our final non-mortgage debt.

(A debt that used to be the 2nd mortgage on our home in Ohio. A home that is now yet another rental property.) (So our mortgage debt is actually all on rental properties now. Properties that used to be our homes.) (Does that still make it mortgage debt?) (Follow?)

It was really, really hard to let that $20,000 go. I wanted to keep it, man. But it wasn’t really ours. Not so long as we’re in debt.

But I couldn’t let the whole thing go and pay the whole thing off yet because we’re still waiting for the dust to settle on the work for replacing our roof on our Ohio rental. That’s another post, but suffice to say for now that Hail Hath No Fury like a random tornado touching down in Centerville, Ohio.

(I can tell you the name of the Dayton suburb we were living in now that we’re no longer living there, heh-heh.)

So I picked a random amount to pay off a big chunk of it while keeping aside enough to weather the storm, so to speak, while the insurance claim gets all sorted out. Oy, vey. Can you say Property Insurance Claim? Ever done one? Not fun. Especially when you’re in the middle of a move.

Links to More Bloggie Financial Updates! 

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Happy Number Crunching!

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