The Monthly Bills/Balances-February 2009

Updated for February 2009-Paid off a credit card and boosted the ole savings account!


Mortgage: $1595.32/mnth Balance: $177,223.51
Truck: $557.49/mnth Balance: $29,546.97
Car: $623.69/mnth Balance: $32,234.85
Discover Balance: $0.00-woohoo, paid that sucker off!
WAMU Balance: $0.00-haven't added anything to it!
AMEX Balance: $0.00-not going to add anything here either!
MB Balance: $0.00-smokin' hot!
Gasoline: $80.00/mnth give or take $20.00-this may go up if hubs takes the new job
Electric: $74.84 for January-running a space heater in our bedroom
Heating: $185.38 for January-installed a digital thermostat, we are saving big now!
Groceries: $300/mnth-probably a little more this month since i'm buying some seafood
Water/Trash: $114.09/quarterly-showering more since we started working out!
Savings: $4650 as of 2/2/09-will be adding an additional $1000 next week
Fun Money: $100 each and $200 in a pool for eating out this month

A Wolf in Sheep's Clothing

Last week, the hubby got some potentially good news: he was being considered for an advanced position at his company! Yay! It would be a change in shift (5am-1pm) but definitely something we could work with. He would have to drive his own vehicle to work instead of riding with me and that would require a little more in gas every week, but the company would pay for his parking. The position was offering salary instead of his current hourly (which accrues about 7.5 hours of OT per week as he works 10 hour days with a 1/2 hour lunch) and the salary would be more money for less time worked as the new shift would only be 8 hours. Sounds like a match made in heaven! Suddenly new possibilities were opening up for us! A vacation might be on the horizon! Then, "oh no Mr. Bill, it's Mr. Sluggo"! The following day his boss informs him that OT is going to be cut on his current shift and there will be no salary for the new shift and "oh, by the way, you can start tomorrow right"? My husband explains to his boss that it doesn't make sense to take the shift now because we would be shelling out an extra $200 a month on gas when he could stay in his current position and save the gas money by riding with me. His boss tells him that he is being "petty"! I mean honestly, is his boss so rich that $200 a month is petty to him? Somehow I doubt it. Not only is it an extra $200 a month in gas, but without OT, that's about a $14k a year salary cut! I'm so miffed. Right now they are in negotiations about the salary and whatnot, but I just don't understand how his boss could quote him a salary and want him to start right away and then just pull the rug out from under him and expect my husband to still want to take the job! I'm just hoping it doesn't come down to bullying my husband out of ANY job now because he's upset his precious boss! Guess the economy is giving companies carte blanche to be ruthless because the alternative is no job at all?

The Monthly Bills/Balances-January 2009

I thought it might be prudent to post what our monthly expenses are and update the balances as they get paid off:


Mortgage: $1595.32/mnth Balance: $177,404.16 Matures: 11/2037
Truck: $557.49/mnth Balance: $30,104.46 Matures: 7/2013
Car: $623.69/mnth Balance: $32,727.91 Matures: 11/2013
Discover Balance: $330.00-will be paid in full by 1/31/09
WAMU Balance: $0.00-just the way I like it!
AMEX Balance: $0.00-hotness!
MB Balance: $0.00-about damn time!
Gasoline: $80.00/mnth give or take $20.00
Electric: $50-$75/mnth depending on the season
Heating: $30-$200/mnth depending on how bitter winter is
Groceries: $300/mnth sometimes less
Water/Trash: $90/quarterly this doesn't vary by much
Savings: $1000-$2000/mnth depends on hubby's OT
Fun Money: $200-$400/mnth this helps our sanity

No Christmas=Emergency Fund

The holidays are finally over and I am breathing a big sigh of relief. I didn't give into the pressure to buy gifts this Christmas. It felt really odd not having anything under the tree on Christmas day, I have to admit. I also have to admit that my credit card didn't melt from over-usage during the holidays and that we are now the proud new owners of an Emergency Fund! Somehow I find the emergency fund much more exhilarating than a new pair of shoes or some other discardable gift. Don't get me wrong, those new Dolce & Gabanna shoes that I have my eye on would look SO HOT on my feetsies, but with this weather, the suede would be annihilated in one wear, whereas my emergency fund is all cozied up in the bank thinking about a vacation to Fiji. Right now with things standing the way they are around the country, I somehow just cannot justify any spending. I'm fortunate that there haven't been any rumblings at my job (or my husband's for that matter) about being laid off, but if we lose any more clients, I don't know where we will stand as a company. That being said, our priorities have shifted to getting comfortable with the thought of living with less things, and living with a bigger safety net.

Thankfully Eating at Poverty Level

In my last post, I touched on how deciding to not "keep up with the Jones'" has affected how I spend. I've also read some very interesting articles since then that have forced me to look deeper into other areas of spending (not just retail therapy) as well. Yesterday I read the "The One-Dollar Diet Project" blog about a couple who ate on a dollar per person every day for a month. At first I thought "whoa, nelly!" that's a bit too frugal for my tastes, but they posted a staggering chart on their blog. Yeah, almost 1 billion people (that's a SIXTH! of the world's population) eat on a dollar a day or less! UNIMAGINABLE! The couple mixed it up a little, but basically rice, beans, and oatmeal made up their diet for a month. Nope, there was no nutritional value in it. They ate what they could afford and that meant no fruit, no meat, and no vitamins. I found it rather sad that I've been complaining about money being tight this month. I averaged out the price per person that we will be spending this month (yes, that includes Thanksgiving dinner) and it's $3.34 each. Not bad when you consider that people on food stamps get the same amount. That's where another blog I read comes into play. On MSN's "Smart Money" there was a blog a while back called "They Tried Eating on $25 a Week" and it talked about how the Illinois Food Bank set up a challenge to anyone willing to try to eat on $25/week per person as that is what the average food stamp recipient receives from the government. There was a HUGE response to this article. So many people resisted the idea that it could be done without sacrificing healthy meals. Huh? I mean honestly. My husband and I are vegetarian, so most of the food we buy is fruit/veggies/organic/etc. (i.e. not cheap). So my husband and I are living at food stamp levels, but we are still managing to eat healthy. We just learn to eat less is all. And we should. With American's being as obese as we are, maybe a smaller portion isn't the worst thing in the world. I know that by eating less, I'm doing good things for my body and my pocketbook all at the same time. I would guess that those 1 billion people in the world that eat on a $1 a day would be happy to have $3.50 a day to eat on. This Thanksgiving, I'm going to give thanks for being able to afford to eat at America's poverty level, not the rest of the world's.

Cash Is King!

Wow, it seems like such a simple thing, but we've rediscovered the power of cold, hard cash. I feel like a complete dolt when I think about how we got into debt in the first place. Those handy little plastic cards that just cry for me to use them until their little black strips fall off! I used to think that having a tremendous credit limit was this incredibly cool thing to have, but then I came to the conclusion that no one knows I have it but me, so where is the fun in that? I'm guessing that's why most of the country is in debt right now. People have this need to show off how well off they are to others that they put themselves in debt over a handbag. I've come to realize that no one cares what your handbag, car, clothes, etc. look like. They are consumed with their own world and could care less about what you have going on. So in that realization, I've set myself free. I no longer spend huge sums of money on things that I think other people will see and think i'm well off. I spend money on things I need, and the money I spend is cash. Not long ago I put together a budget to account for our spending. It was a wake up call to say the least. However, now that we have our debt paid off (credit card debt anyway), we have an exact idea of how much we should have left over every month after putting money in savings and paying the bills. This money is our "fun money" and it's cash. What a beautiful thing. There is definitely a mental trick when you use cash. Suddenly you feel compelled to keep it in your pocket rather than spend, spend, spend. And the larger the denomination of the bill, the better. If I carry around a $100 bill, I am loathe to part with that baby. It looks so cute nestled in my wallet, all cozy with it's friends the $1 bills. I find myself a lot more aware of the purchases I make now, and I'm spending a lot less. It feels pretty good. Cash really is king in my palace.

The Tax Man Cometh

Last week we received an exceptional letter from the Cook County Tax Appraisers Office. It went like this: "You are receiving this letter to show the reassessed value of your home and what it means to your taxes. Next year however, your home will be reassessed again without the homestead exemption as the exemption is being phased out. Your taxes could (read as: WILL!) go up exponentially. Please contact your state representative to pass a measure to reinstate the homestead exemption." Um, yeah. So basically what the tax man is telling us is that we better prepare for a HUGE tax bill next year. As if paying somewhere in the neighborhood of 1/3 the cost of our mortgage just in taxes isn't fun enough, let's raise the taxes some more and still not do anything about the horrendous roads or the schools. Believe me, we plan on appealing this, but if taxes go up to 1/2 of our mortgage, we won't be able to afford a house anymore. Matter of fact, no one will be able to afford that. The sad thing is that we put a hefty down payment on the house, but with the price of houses being what they are, that down payment was small comparatively speaking. If housing prices were anything like they were when we were kids, our down payment would have bought the house outright, but now it's just a drop in the bucket and we are "upside down" in value. The saddest part to me is that we can afford the mortgage itself with ease, but our taxes are rising hand over fist with no end in site, and that we can't afford. I don't remember signing any paperwork when we bought the house that said "please sign away any and all future paychecks to taxes". It's just not right.