Okay, life has been revolving on without me and rather sucky over here with the crappy recurring blue-funk 'lost my voice' cold/virus/whatever that we kept passing back around and around at my house. To update the info over on the right...
Paid another $419 on the house - 353.96 normal payment and 65.04 in extra principal. I will update the new balances later.
In Piggy for $20 Challenge for the month is: $23.10 - that is now going into my Roth IRA instead of to the mortgage as I was doing in the past. And speaking of the ol' Roth it finally made it's way from ING over to Fidelity.
Lawseeeeeee, but those folks sho' do take their own little sweet time getting this stuff done. You may not remember but I made my first inquiry into doing this in late DECEMBER folks and it just made it to Fidelity this past week! Sheeesh!!!
We mailed all the paperwork in one envelope for the entire family's Roth IRA accounts over to Fidelity on the same day back in early January I believe. In February I had to mail it again since because true to everyone's predictions of course it must of got lost over at ING!
Hubster's got moved about 3 weeks ago. Mine went early in the past week. CashHappy & Frugal's had to have paperwork mailed a THIRD time!!! I've had to call several times as well.
CashHappySon's made it over yesterday.
And get this -- FrugalSon's is still sitting in ING!
Another call to Fidelity yesterday and hopefully things are moving again. It be enough to make a body pull the very hairs out of their head! Nothing like feeling you are spinning your wheels, heh? THIS is how 'banks/brokerages' act when you want to move your money OUT - but don't YOU dare be late making a payment! GRRRRR and ARRRRGGGHHH!!!!
So far in my Roth at Fidelity I've gone w/FFNOX and FAGIX. I'm still deciding where else to go.
For March to my ADDITIONAL retirement savings goes the bank run money which evened out to a nice $10.11 in change & my regular $42.00 contribution this month. Nothing too exciting.
Of other QUICK news I did read Suze Orman's new book in March and started my $50 account at Ameritrade. We'll see how it goes. Depending on income this may set me back in my keeping up the $42 autodraft on the BankRun monies. I'm hoping that there is enough coming in to do both.
Besides being sick for most of it and as March was a rather long month following the shorter days for earnings of February let us just say that I've had quite a few days of No Spending during March. AND, that I've gotten quite creative in stretching out the pantry goods for meals.
Only one more day till I spend money again! YEEHAH!!! My refrigerator will be grateful for something to cool off! And my crew is getting ready for some 'fresher' foods.
(Do not worry - there was plenty to eat and plenty of money here that I could have gone and spent I am just working very hard to keep w/the YNAB philosophy of only spending last month's earnings in the next month.) Sticking with a budget is more difficult some months than others!
Archive for March, 2007
According To Ben, You Follow THE RULES
There! I said it!!
I love to read Ben Stein. He appears to be a very wise man who is also pretty money savvy!
Here's an article of his for all of those you like Broken Arrow and I who are STILL wondering what we want to be when we grow up...
According to Ben, all we have to do is follow the rules and...
Avoid Ruining Our Life!
This blogger reminds me much of our own dear LRJohnson!!
All I can say is WOW!!
PTR Survey Site
Wanted to tell you about the PTR site that AutumnxButterfly mentioned over on Ima's blog. They say that they'll pay us to read e-mail, visit web sites, etc..
It's free to join and easy to sign up! CLICK THIS REFERRAL LINK TO VISIT:
Thanks AutumnxButterfly!! I'm looking forward to getting into these PTR & survey sites and adding the money to my $20 Challenge. I really appreciate the partnership atmosphere here at SavingAdvice.com!
If we pay an additional $64.50ish a month between now and August 2012 we will pay off our mortgage right at the same time The Hubster is slated for retirement.
The figures below do not include today's payment that I just made of $419.00, which was actually a nice rounded up figure of $65.04 + 353.96 to come out an even 419.00.
Countrywide's little accelerating payments calculator came up with this future forecast:
Scheduled Monthly Payment: $353.96
Total Additional Payments: $4,264.02
Total Interest Payments Without Pre-Payment: $5,721.46
Total Interest Payments With Pre-Payment: $4,601.53
Interest Saved: $1,119.93
Total Reduction in Term: 1 Year(s) 9 Month(s)
I'll be charting an updated mortgage balance tomorrow when today's payment posts - I'm expecting it to be in the 22,798.00 range.
~~THE CHANGE IN PLANS~~
I have decided that we will pay the extra 65ish a month, but won't be paying any additional down on the mortgage, thus making a change in my $20 Challenge.
Our joint budget (house budget) will be making the additional payment 65ish (early payoff right at retirement) and I'll be taking my $20 Challenge money and putting it directly into my Roth IRA instead of on the mortgage.
Thanks to everyone here for finally convincing me that it is the better option for our financial bottom line.
This is a compromise of sorts, as we could just take the 65ish and put it into retirement as well, but gosheedagnabit, I LIKE the idea of entering retirement with our home paid for.
The Bank Run Challenge $$'s will still go into my Extra Retirement Savings which will be invested outside of the Roth.
Last night finishing up February's books, I found I had $2.48 in change in my wallet. Taking it to the February challenge, as I was too sickly with the snizzles & snuffles yesterday to give a big rat's fanny...
...just shuffled off to bed in my furry houseslippers and flannel nightie w/the tissues sticking out 'my pockets! Here's hoping today is a better health day. Not to worry though, I'm wrestling with it!!
+02.48 change pocket
$35.94 Feb Total
2007 Challenge $89.87
Cumulative Total $215.98
In other February news I was able to plow an additional $650.00 into my Roth IRA during the downturn in the market.
Bought on sale! YIPPEE.
This was extra sitting in my checking that wasn't really planned for anything else, so was tickled to have a bit to put in while things were selling at a discount. Only wish it were more. This amount is over and above my regular Roth IRA contribution.
Yesterday was a no spend day for me, but the house budget bought Arby's since the cook was sick last night.
HONK! HONK! BARK! SNIZZLE, and SNIFF! My, my, isn't THAT attractive? NOT!!
Thank God for Puff's Plus w/Aloe Vera and a very loving Hubster who takes care of Dr. Mom when she is sick!