Category Archives: Personal Finance Updates

Monthly Financial Update

Debt Balances as of the End of October 2011:

  1. *Credit Card Transfer: $0
  2. Vegas Rental Property:  $103,177.03
  3. Ohio Rental Property: $167,070.74

Total Debt: $270,247.77

This is a difference of -$569.22 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. Vegas Rental Mortgage: $647.00
  2. Ohio Rental Mortgage: $1653.87

Total Monthly Payments: $2,300.87

($1,731.65 of those payments went toward interest alone.)

Since all of our debt is now for rental properties, our monthly debt payments are now directly tied to whether or not we have tenants in those properties.

Speaking of tenants, we had one move out just last month. From the Vegas house. Just as we reached a snowball milestone. *sigh* You win some, you lose some.

At least we can cash-flow that house. We just don’t like it.

And we’re having all kinds of headaches with the Ohio house and a roof replacement from a storm that hit five months ago. Five months ago.

In so many ways I think, how has it only been five months since we left Ohio? And in others… well. This roofing issue (a bunch of he-said she-said between our tenant and the roofing contractor) is making me feel like we’re trying to crack an egg on the moon with our eyes closed. And if that doesn’t make any sense and leaves you scratching your head then you sort of know how we feel.

Suffice to say, long-distance landlording is not for the faint of heart. (Where have I heard that before?) And this heart has had about all it can take.

We Did Look Into Selling Our Vegas House

I have contacted realtors in the Vegas house the last two times we had tenants move out. When the one realtor called me back this time, he greeted me with, “How pissed are you going to be when I tell you the numbers?”

I like that guy.

The property value of our Vegas house has plummeted even further than the number I sort of had in the back of my head when I contemplated just putting the house on the market instead of in the rental pool even if it meant selling at a loss just to be done with the whole dang thing.

But when I thought “loss,” I was thinking along the lines of $20,000 — not $35,000 and some change.

The problem is not so much that they’re not getting the offers: the problems come with the financing. According to this realtor, houses like ours are getting offers of $80,000 or even higher (the number I had in my mind) but the appraisals are coming in at $65,000 or less. Foreclosures and sales from the courthouse steps still inundate the market. As he put it, “You could buy one of these things with a credit card.” (Think $30,000 homes.)

Oh, and just when you thought the news couldn’t get less cheery, he regaled me with the latest criminal activity to sweep the Vegas Valley. Apparently, setting up shop in abandoned, foreclosed homes wasn’t enough — now people are renting out these empty homes to unsuspecting tenants as well. And you thought the degradation of American society couldn’t go any lower…

I hope you’re all still trekking along with your own debt snowball (or networth build-up!). Don’t forget to link to the post itself and not just your blog. As always, if you’re reading this by email, you’ll need to click through to view the links and to add your own.

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Monthly Financial Update! (better late than never)

Debt Balances as of the End of September 2011:

  1. *Credit Card Transfer: $93.40
  2. Vegas Rental Property:  $103,446.49
  3. Ohio Rental Property: $167,277.10

Total Debt: $270,816.99

This is a difference of -$10,380.62 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 –> $9.999.99 paid
  2. Vegas Rental Mortgage: $647.00
  3. Ohio Rental Mortgage: $1641.58

Total Monthly Payments: $12,288.57

You May Have Noticed Something…

We are SO CLOSE to paying off the credit card slash second mortgage! In fact, if I’d had my act together, we would have paid if off completely and once and for all. However. I totally dropped the ball on the end of the original (12-month) balance transfer offer of 0% which expired in the middle of September and not at the end as I was kind of sort of thinking without actually digging up the original offer (because it couldn’t just be spelled out on the account details online) and confirming … and you guessed it.

Interest kicked in.

That would be the $93.40 up there. Uh-huh.

And not just any interest; they coded the transfer as a “cash advance” and not as a regular purchase. Zouchers.

So I called in to ask for a “courtesy reversal of interest fees” and neglected to remember that it’s just my husband’s name on this account and not mine (because I know how to sign into his stuff better than he does, I always belatedly remember these things actually matter to official financial types) so the guy wouldn’t/couldn’t help me even though I sweet-talked him with my nicest sugary voice and seriously I’m good at that, people and it almost worked so well that I felt bad for the guy when he came back on after “talking to his superiors” who reminded him how taboo it was to be speaking to someone about an account whose name was not on it and I assured the guy that if anyone ever asked me I would tell them he never mentioned a number or any other gosh-darned detail about the account that I hadn’t told him first. Poor thing, he was so nervous.

Then it took another two-three days before John could call in and I could sit there and wait to take the phone after he gave permission so that I could go over my pathetic I Dropped the Ball Story once again (because it usually works better if you acknowledge upfront that you screwed up and you’re asking them for a favor) (I hate that I know this) and I got half the charges waived. I really think I could have asked for a manager and raised a big stink and pretended to cry and maybe gotten the whole lot of it credited back, but a big part of me felt like this really was my fault and hadn’t I spent enough time and energy on it already.

This is why debt sucks, people: it saps away your very life force.

We were able to pay off our credit card/second mortgage debt because I slashed our emergency savings down to nothing ala Dave Ramsey style. The only reason we’d had that amount in savings to begin with — and hadn’t paid off this debt months ago — was because we moved this summer with all the expenses involved and I was waiting for the financial dust to settle. I just waited a few days too long, that’s all.

And now this Financial / Debt Update is way later than usual and I do hope you all have managed better than I in posting yours. If you posted an update on your blog, please add your link below! I do love to check in on you all, and I hope you all do the same with each other. Don’t forget that if you’re reading this via email to click on through to the site itself to view the links.

(And please remember to copy the url link to the actual post of your financial update — not just to the blog/website in general. Otherwise your link will be deleted!)

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Monthly Financial Update! And some musings, too.

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.

FINANCIAL UPDATE!

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! 

Don’t forget if you’re reading this on email you’ll need to click over to the actual site to view the links. Please go and comment and encourage each other on these financial journeys we’re on!

And for your updates — don’t forget to link to the update post itself, not just to your blog. Otherwise your link will be deleted!

Happy Number Crunching!
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Monthly Financial Update! (And yes, I’m still here!)

We’ve moved! And are still settling in. And while I haven’t exactly been jumping on the blogging bandwagon, I do have a couple posts in draft and have even tried to publish one, but wordpress was giving me all kinds of grief so I gave up. I’ve got enough going on trying to settle into a new home without dealing with techie-blog drama.

And see? It’s worked itself out now, without any help from me. All I had to do was walk away and give it some time. If only my house would sort itself out that way…

I won’t go and make all kinds of promises of future blog posts: I’ll just surprise you. However, the numbers keep crunching, whether we like it or not.

Without further ado:

Debt Balances as of the End of July 2011:

  1. *Credit Card Transfer: $17,166.23
  2. Vegas Rental Property:  $103,983.40
  3. Ohio Rental Property: $167,686.48

Total Debt: $288,836.11

*The credit card transfer used to be our second mortgage for the Ohio rental.

Breakdown of Regular Payments:

  1. Credit Card Transfer: $0 due –> $1,850.09 paid
  2. Vegas Rental Mortgage: $647.00
  3. Ohio Rental Mortgage: $1641.58

Total Monthly Payments: $4,138.67

I have a confession to make.

I haven’t been keeping up with tracking our finances. I’m two months behind. Two. Months. 

I will catch up. I. will.

I will catch up I will catch up I will catch up…

Now come on over and link up your financial updates! Or just tell us your numbers in a comment. If I can take the time to crunch ours with a gazillion settling-in projects pulling me in twice as many directions after moving across this great country of ours, you can crunch yours, too!

Don’t forget if you’re reading this on email you’ll need to click over to the actual site to view the links. Please go and comment and encourage each other on these financial journeys we’re on!

Happy Number Crunching!

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Monthly Financial Update! And yet again we become reluctant landlords.

Living in limbo does not good accounting keep. Or something. I’ve gotten so confused with my numbers of what the balances were when. The main thing is we did pay down some debt beyond the minimum payments. And that’s a good thing.

Debt Balances as of the End of May 2011:

  1. Credit Card Transfer: $19,016.32
  2. Vegas Rental Property:  $104,250.85
  3. Ohio Rental Property: $167,889.52

Total Debt: $291,156.69

This is a difference of –$4,737.72 in principle from the $295,894.41 owed in primary and rental mortgage debt* at the end of May.

*The credit card transfer used to be our second mortgage for the Ohio rental.

Breakdown of Regular Payments:

  1. First Mortgage: $1641.58
  2. Credit Card Transfer #1: $0 due –> $2,934.18 paid
  3. Rental Property: $647.00

Total Monthly Payments: $5,222.76

We’ve had a wonderful visit with family in Kansas and are (getting) ready to pack up (again) and head out tomorrow. California or bust!

And John got to fly out and join us here for a few days! And will be driving with us the rest of the way!

You have no idea how huge this is. Or maybe you do, I don’t know. I’m just glad he’s here.

In the meantime, traveling does not (for me) good blogging well bode. Or something. I am so far behind on things we’ve been spending money on; things we haven’t; ways we’ve saved; ways we haven’t.

As exampled:

  1. We’re getting a new roof on our house in Ohio. Can you say hail?
  2. We are reluctant landlords once again! You may have noticed the change up above…
  3. We’re living in base housing in California, for (almost) the first time ever. (Unless you count three months in stairwell housing when we were still newleyweds.) (You Army peeps know what I’m talking about.)
  4. Did you know that the cost of living in Northern California is quite expensive?
  5. We’re quite certain we went over our household goods [HHG] weight allowance for this move [PCS]. FOR THE FIRST TIME EVER.
  6. I’m sensing some purging in my future.
  7. AND I’m getting ready to start homeschooling my children. YES, ALL THREE. (Even the high schooler) (Go ahead and shake your head)
  8. And much, much more.

Hope you all are enjoying a wonderful Independence Day! Now go and link up! (And those of you who normally link up but didn’t last month? I’ve got my eye on you…)

Don’t forget if you’re reading this on email you’ll need to click over to the actual site to view the links. Please go and comment and encourage each other on these financial journeys we’re on!

Happy Number Crunching!

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Financial Update (aka Debt Update) — Come Link Up Yours!

We’ve moved out of our house! And our renters have moved in! But we’re still in Ohio — until the kids finish school next week.

Oh, and I’m just a wee-bit tired.

So without further ado:

Debt Balances as of the End of May 2011:

  1. First Mortgage:  $168,091.46
  2. Credit Card Transfer: $21,950.50
  3. Rental Property:  $104,783.76

Total Debt: $295,894.41

This is a difference of –$1,068.69 in principle from the $295,894.41 owed in primary and rental mortgage debt* at the end of April.

*The credit card transfer used to be our second mortgage.

Breakdown of Regular Payments:

  1. First Mortgage: $1641.58
  2. Credit Card Transfer #1: $0 due –> $551.50 paid
  3. Rental Property: $698.00

Total Monthly Payments: $2,891.08

$1822.39 of those payments went toward interest.

I still hate typing that out in black and white.

And now it’s your turn! Grab the button up above for your own post, and link away! (If you are reading this on email, you will need to click through to the blog to view the linky-linky.) Don’t forget to link to your post, not just your blog url. And don’t forget to visit the other links! Let’s all encourage each other along in our financial journeys! Happy number crunching!

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Financial Update — Come and Link YOURS!

Debt Balances as of the End of April 2011:

  1. First Mortgage:  $168,292.32
  2. Credit Card Transfer #1: $22,502.00
  3. Credit Card Transfer #2:  $0 !!!
  4. Rental Property:  $105,100.09

Total Debt: $295,894.41

This is a difference of –$4,661.21 in principle from the $300,555.62 owed in primary and rental mortgage debt* at the end of March.

I just have to point out that we finally got it under $300,000!!!!!

(With a little help from our tax return!)

*The credit card transfers used to be our second mortgage.

Breakdown of Regular Payments:

  1. First Mortgage: $1641.58
  2. Credit Card Transfer #1: $208.00
  3. Credit Card Transfer #2: $0 (no minimum payment has ever been due, because they didn’t want us to pay it off too early. But we didn’t play their game! BWAHAHAHAHA!!!!
  4. Rental Property: $698.00

Total Monthly Payments: $2,547.58

Plus Credit Card Transfer #2 Pay-Off: $3930.03

$1816.40 of those payments went toward interest.

I still hate typing that out in black and white.

And now it’s your turn! Grab the button up above for your own post, and link away! (If you are reading this on email, you will need to click through to the blog to view the linky-linky.) Don’t forget to link to your post, not just your blog url. Happy number crunching!

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Personal Finance Update! and Linky-Linky,too.

Yikes. What with family visiting and some or all of us running around at the Cincinnati Homeschool Convention and then all of us visiting the Creation Museum I’ve not only broken my cardinal rule of tracking my daily finances I also never got close enough to my computer long enough to even think about posting our monthly update.

I’ve also been spending money like it’s going out of style. And no, not just this weekend at the Convention and the Museum, although those were definitely part of it. Needless to say, I have fallen off the wagon and desperately need to get back on it. In the meantime, you might notice that we, er, didn’t make any quite as much headway on our debt this month…

Debt Balances as of the End of March 2011:

  1. First Mortgage:  $168,492.09
  2. Credit Card Transfer #1: $22,710.00
  3. Credit Card Transfer #2:  $3,930.03
  4. Rental Property:  $105,423.50

Total Debt:  $300,555.62

This is a difference of –$694.45 in principle from the $301,250.07 owed in primary and rental mortgage debt* at the end of February.

*The credit card transfers used to be our second mortgage.

Breakdown of Regular Payments:

  1. First Mortgage: $1641.58
  2. Credit Card Transfer #1: $200.00
  3. Credit Card Transfer #2: $0 ~ again, no minimum due. And we paid… nothing. Zip. Nada. Did you notice that?
  4. Rental Property: $758.00

Total Monthly Payments: $2,599.58

$1905.13 of that went toward interest.

I still hate typing that out in black and white.

And now it’s your turn! Don’t forget to link to your post, not just your blog. Happy number crunching!

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Personal Finance Linky-Linky

I figured out why the links weren’t showing in the Personal Finance Updates post! I did everything the way I always have, but the default settings changed. Go figure. So I changed the settings. Wa-la!

If you didn’t link yours because it wasn’t working — go now! I got it all worked out, I pinky-promise.

And don’t forget to check out others’ updates and leave an encouraging comment! Below are those who still tried to link right away despite my technical difficulties. Bonus points to Debt Free Mormon for linking twice. 😉

  1. Debt Free Mormon
  2. Blonde Ambitions
  3. Mrs. Nespy’s World
  4. Life and Times Living with In-Laws

Personal Finance Update… Don’t forget to link yours!

Debt Balances as of the End of January 2011:

  1. First Mortgage:  $168,690.79
  2. Credit Card Transfer #1: $22,920.00
  3. Credit Card Transfer #2:  $3,930.03
  4. Rental Property:  $105,719.25

Total Debt:  $301,250.07

This is a difference of –$2,592.63 in principle from the $303,842.70 owed in primary and rental mortgage debt* at the end of January.

*The credit card transfers used to be our second mortgage.

Breakdown of Regular Payments:

  1. First Mortgage: $1641.58
  2. Credit Card Transfer #1: $250.00
  3. Credit Card Transfer #2: $0 ~ again, no minimum due in January! But we paid $1,823.20. Ha!
  4. Rental Property: $758.00

Total Monthly Payments: $4,472.78

$1880.15 of that went toward interest.

I still hate typing that out in black and white.

And now it’s your turn! Don’t forget to link to your post, not just your blog. Happy number crunching!

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