Wednesday, December 30, 2009

Anyone making resolutions???

I was thinking about this last night and contemplating making a resolution that I have been wanting to make for a long, long time. I am going to give it my best shot and will try to give up drinking soda. I have a diet Coke habit of 4, 5, sometimes 6 or more cans a day. Not only is this bad for me, but it's also really, really expensive! I am thinking it will be best if I try to ween myself off of it and only have it as a special treat occasionally. Has anyone else done this? And do you have any advice on how to achieve success? Thanks!

Tuesday, December 29, 2009

Finishing the year up right...

I have had 3 no spending days in a row this week and it looks like tomorrow will be another one. I have enough gas in the car to get me where I need to go, enough food at home to feed me properly and no need for anything at the mall. I do however, have to go to the grocery store on the 31st to get some food for the NYE party and the open house I am going to on the 1st, but neither of these require much shopping, in fact, I already have most of the ingredients I need, so it won't be a lot of money spent. I'm looking forward to keeping up this habit in the new year and not over spending, and really focusing on reducing the debt load on mortgages. It'd be great if I could pay enough off on the condo to remove the PMI, that's going to be my big goal for the year. I think I'm gonna have to figure out a way to bring in extra money to apply directly to this debt. I know for sure that my survey money will go there, but anything else I can do will absolutely help it out too. Any ideas???

Happy New Year to all!!!! Enjoy, be safe and have fun!

Tuesday, December 22, 2009

Survey income for 2009...

I wasn't as diligent about it as usual, but my income from surveys this past year was $1532.91. It was much harder for me to take the time to do the surveys as I was so busy with wedding planning, renovations and moving, but that's still a fairly respectable amount for not much time invested. I'm happy with it, but of course I'll try to increase it next year. :)

Mortgage payments made..

Happy new year to us! We have made both of our mortgage payments early, they were both due on 1/1/10 and they are both paid already. I love the feeling of seeing them go down, in fact, one of them it a milestone today. The mortgage on my condo dipped below $200,000 with today's payment! Yay! I can't wait to see it continue to drop and with my renter paying rent now, it should really help it plummet. New balances:

Condo #1: $199,999.99 (OK, so I just made it under $200,000!!)

Condo #2: $283,348.88

The car loan will be paid off in a couple of months too and then we'll be debt free except for the mortgages. Oh, if only we didn't have to do the kitchen remodel, I could send a ton of money to the mortgage, but since we've demo'd the kitchen and it's a big empty space, I guess we're committed to doing it now. Oh well, I know it will be so nice when we are done with it and it will totally be worth it. I keep telling myself that.

Happy holidays!

Monday, December 21, 2009

Goals for 2010...

I think it's time to set some goals for the new year and the new decade...I'm going to try to make them achievable, but not too easy to achieve. I need a good challenge to get us where we want to be for the future, so here goes...

*Continue paying down both of the mortgages, paying more than the principal each month

*Stay consumer debt free

*Pay off the DH's car

*Continue adding to our retirement accounts, including the Roth IRA

*Not be too much of a Scrooge and let us have some fun with the money we do have, but to do it responsibly.

I know these aren't really clear cut goals and they need some fine tuning, but I wanted to get them down in writing and will work on the details of how I will attain them in the next 10 days. Got to start somewhere, right?

2010 is upon us...

Wow! Where did 2009 go? I can't believe it's just a few days until Christmas, then only a week left in this year. Whew! Planning a wedding while buying and renovating a new home certainly does make a year go quickly. While it's been a great year, I am looking forward to 2010 and hopefully things calming down a bit and getting back on track of paying down mortgage debt. Now that we have 2 mortgages I am having some anxiety about getting them paid off as soon as possible. I have a renter in my condo that I had prior to our marriage and while the extra income is great and it would come in handy for us to pay for the renovations on our current condo, I have decided to use it directly to pay down the mortgage on that condo. Right now the rent isn't quite enough to pay the mortgage, but if I use the extra $1000/month towards that debt, it will soon be enough to cover it and will actually start to generate an income for us or ultimately pay off that mortgage quicker than we thought possible. We'd like to start having kids soon and if possible, we'd like for me to be able to stay home with them for awhile, so if we can get the mortgages down to where the rental income and my husband's income can pay for them both along with all of our living expenses, which should completely be doable, then we'd be in a great position for me to stay home with babies. My big push for 2010 is to reduce these mortgages and for us to remain consumer debt free while not touching our emergency fund for the renovations. It's going to take us a little longer to finish renovations, but knowing that we aren't going in to debt to complete them is worth more than finishing early, as far as I'm concerned. I hope everyone has a happy and healthy holiday season, take time to reflect on the reason for the season and enjoy time with family and friends.