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Archive for January, 2015

Year-End Expenses for 2014

January 4th, 2015 at 05:40 pm

Here's part two of our end-of-year numbers for 2014 so I can gear up for 2015...

Our 2014 expenses below--

Regular monthly expenses: $26,045.31
Cash withdrawn/spent: $8,880.00
Irregular expenses: $13,422.57
-------------
Total spent for household: $48,347.88

I spent $4,356.85 on groceries for the year which was from the cash withdrawn/spent number.
- 2014 average for groceries: $363 per month
- 2013 average for groceries: $299 per month

We spent about $1,000 more than net income, which means we used savings for the shortfall.

Just as a note, irregular expenses of $13,422.57 include:
House repair/maintenance: $2,342.61
Car Insurance: $2,913.41
Car Repair/Maintenance: $2,358.88
Doctors/Medical: $1,567.51
Dentist: $3,553.45
Glasses/vision: $686.71

So those were the household expenses for the year. Spent approximately $3,000 more in 2014 than we sent in the year 2013. Boo. The plan was to spend less, but I grew hopeless and discouraged about the medical/dental expense as well as the home maintenance expense.

However, I did ok, we did ok and we made some progress. I'll keep tracking expenses because I find it fun (I'm such a nerd.) I feel more optimistic about 2015...here we go!!






2015 Here We Go

January 4th, 2015 at 04:15 pm

Happy New Year!! 2015 has ARRIVED!

It's been a while since I've blogged... Still trying to manage my fatigue. I told a friend that maybe what I'm going through is not just job burnout, it's 'overwhelmeded-ness'. We had a good laugh about that, but I'm working through it (it feels like a low-grade depression) in order to feel better. The days off work for the holidays have been helpful--I relaxed, deliberately chose NOT to stress (or shop much) and I got a chance to sleep late, which was wonderful!

Below were my 2014 Goals. They need to be revived and/or revised--I only met 2 of them! Not my best work.

(X) Christmas account: $500
(X) Pay extra toward mortgage: $1000+ - Paid $1250 extra
( ) Add to Roth IRA - nothing added
( ) Will/letter of instruction (I don't know why I cannot seem to get this done, but I seem to be overwhelmed by the mere thought of it)
( ) Bath surround repair - got one estimate, but the money wasn't right
( ) Electrician rewiring - not met

New sidebar goals for 2015 listed....

I also updated my sidebar with current balances as of Dec 2014. For comparison purposes, I copied my balances for Dec 2013 below:

Mortgage: $44,523 remaining
No credit card debt (hallelujah!!)
Retirement: $42,403 IRA (trad'l)
Retirement: $171,323, 401K
Retirement: $6,019 Roth IRA
Wealth acct: $25,506
Freedom acct: $4,763
Christmas acct: $95
House repair acct: $1,124
Grandkids acct: $440
Education/Misc: $1,792
Savings bonds: $5,700

In November, we got a new AC/furnace installed to the tune of $5,998 (yes, $6,000) Our heater was discovered to be inoperable when our first cold front hit. We got a payment plan for 12 months. I could have paid cash, but knowing that we have a lot of dental work and that I'm still paying hospital bills, I wanted options. I'll be able to pay it off before the 12 months, I just wanted options. Needless to say this was NOT a projected budget expense. Heavy sigh...

This new year, it seems important for me to stay encouraged, and not get derailed by long-term discouragement (which has happened to me too often).

Anyhoo...thanks saving advice friends. Happy saving everyone!!