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Archive for December, 2017

Bought a minivan and 2017!

December 31st, 2017 at 10:03 am

We bought a 2015 Toyota Sienna AWD Limited minivan. I love, love, love it. I can't say how nice it is to have the space and ease of a bigger car. The car was $28k plus taxes and fees and we borrowed $24k for 4 years at 2.24%.

We are giving my mom the 2010 Subaru Outback. I do feel guilty about getting rid of a car so new, but the minivan I think will be good for 7 years. The plan is to evaluate it when it is 10 years and decide what we need at that time. My mom is getting rid of a 21 year old 1996 Toyota Avalon. And she could buy a new car but refuses so my used car is perfect. Sigh. Trust me I was trying to get her to buy a new car.

2017 wrap up. Our retirement accounts were ridiculous. We started at $626k and contributed $29k. We ended up with $790k today and approximate 21% return for the year.

We started the year with $435k taxable accounts and ended the year with $294k and $250k home equity we put down. Up $109k for the year. Guessing not as much saved as we should have but we did pay a lot of expenses this year.

Overall our NW went up $263k. Our kids have $22k and $14k in college. Plans to discuss this month pay off the car, how much for driveway/drain repairs this summer, roth IRA $11k, $20k taxes, and how much we plan on front loading the kids college.

I think we should earmark $10k per kid this year and see how the year goes. Then with the continual $2k/year per kid we could do another $10k in Jan 2019. I think this should cover 4 years of college?

whew - not at fault

December 20th, 2017 at 10:47 pm

Recall the accident last month? I know I wasn't at fault but it really stressed me out a lot. I guess because we had used our insurance and paid for the deductible $500 and the overage on the rental car $250. It wasn't the money but the worry that I'd have another black mark on my record. I mean 2 years ago in January 2016 I had a car accident my fault. And DH is finally getting his record of accidents clean so we might have a reasonable car insurance.

We paid $897 for 2 drivers, 2 cars for 6 months. So we're at $1800/year for 2 30-something year old drivers. We're paying like we're teenagers. In March 2017 we were priced at $2100/year. Recall the debacle of getting kicked off Ameriprise Costco for non-payment because we didn't get our mail?

Well looking back we were at $1275 for 6 months in 8/2016 or $2550/year. You can see why I was stressing out about liability and if I had made a good decision going through insurance. Before the accident we were looking at $774 for 6 months in 2/2016.

So now I'm a little more relaxed. However I will say that Commerce insurance, the company I have through AAA is terrible and useless. It took me hours of prodding them and calling Nationawide directly to determine liability (they were the other person's insurance). Also Commerce didn't respond back to the repair shop, and they didn't fax over authorization for 3 days claiming it was due to the appraisor. Turns out because it was an authorized shop I didn't need an appraisor. Ugh.

Anyway come March 2018 I plan on shopping around not just for cost but because I don't find Commerce/AAA very helpful. My AAA insurance agent never returns my calls.

AAA started a home owners insurance in June, but didn't cancel my renters insurance and kept charging me until I argued with them in September. I was then worried they hadn't started a home owners insurance. In Spetember 2017 because they didn't cancel my renters insurance they mailed my auto insurance renewal to my old address!!!!! Only because I called to inquire did they realize their mistake and did I renew my auto policy.

I guess you can say I'm done with them. But for now I'll just wait. At least I have insurance.

2018 tax reform bill

December 17th, 2017 at 11:58 pm

I'm not entirely sure we'll get a tax cut but whatever. It is what it is.

That being said I'm sort of being pushed to buy our new to us car now this month because I think I want to capture the sales tax break since we itemize. I'm not sure how everything will shake out next year.

Is it worth it? I'm still contemplating. The only good thing is that we've been thinking about it and meaning to do it for 2 months now but haven't pulled the trigger.

I will say that I think the tax bill will have negative repercussions for charitable donations. I think less people will give. But until everything is signed I think we'll still have to see.

Holiday gifts

December 11th, 2017 at 02:30 pm

So I'm not ready yet to tell my DK that santa isn't real. I'm sure my DK1 knows but I say if you don't believe in santa you get nothing.

This year we did the lego and chocolate advent calendars. We are doing a book again, pajamas, and a toy, and stocking stuffers. They get two toys 1 from DH and myself and 1 from santa. We provide the big toy because DH wants credit and the toy from santa this year is $10 bank. We usually aim for something nice around $20 then we get gifts from family and friends and we do the stockings.

It's really cut back on what we spend, not that we ever spent much. Until we moved 3 years we spent $0 on gifts because we were always traveling every holidays to see our families. So we just brought back enough gifts that we NEVER bought the DK a gift. We had enough and they were 5 and 3 before we got a tree.

So in 2015 we got out first tree and started gifts. I mean when we traveled usually to Hawaii my mom did stockings and gifts. I bought them gifts and my family but not the DK.

Now that we're hosting it we had to buy presents from us and Santa and I realize listening to other parent HOLY MOLY how much people spend on Christmas, Hannukah, etc. A LOT. They have a lot of big ticket items.

I think for our big gifts the kids want another hatchimal (peacat and griffin). Then these books they picked and $10 pajamas from Target.

But ugh I am hating wrapping and doing the stockings. Worse yet DH turned 40 yesterday (yeah!) but I got him nothing but an apple pie (he didn't want a cake) and a card. Seriously we looked at each and again we're struggling to want something to wrap up.

I know he's supposed to "get" me tiles to attach to my keys and phone so I can find them easily. But what else?

I wonder it comes with age. There is nothing we want for that we can't and won't buy when we want it. Because we don't want much there isn't much to buy. I was going to buy him a new hockey jersey but he said , why bother? Spend money on tickets to a game maybe.

I love the feeling of christmas and new years. I love having a tree decorated by kid ornaments. I love our lights and music and just relaxing. But boy this whole present thing is a PIA.

Any tips for buying for significant others?

Holiday Cards

December 9th, 2017 at 04:12 pm

Do you do holiday cards? Do you get them? I like getting holiday cards. I like seeing my friends kids get older and hearing about their lives, especially those who we don't live by anymore.

But it's not cheap to do it. This year on groupon I bought a groupon for holiday cards from staples for $42 for 200 cards. But then there is also the cost of stamps. So probably we're spending $100 in all. I get it now why people hate doing it and say it's expensive. But I still like it.

Do you do it? Do you like getting them?

Overbudget and over time

December 1st, 2017 at 02:11 pm

Well we are officially over budget and way over time Well the timing thing is tight. The contractor told me Thanksgiving which I always thought was optimistic. Turns out I was right. As it stands we are hoping 12/20 before my parents arrive. Of course it won't be completely done the glass shower door and side won't be done. That is looking like January but hopefully everything else will be done.

We are currently framing the windows and just finished priming. We have to paint and do the tile of the fireplace and floor. Then there is still the upstairs work and attic, fan, insulation to still deal with, which I may tell them come back in January. We've got guests for the holidays and I don't think I can deal.

Budget wise we are over period. Over my "budget" not what they told me. When we started we were at $3700 for garage doors, $55k contractor, and $5k for designer and OOP. I figured we would come in around $75k. We are at $77k and not done. I knew things would come up and things would change But I was thinking 20% over was generous. I was wrong.

Things that changed? Our shower was rotted, we finished the garage, moved a door, found rot on the siding, replaced some rot and reinforcements. So our change orders are currently at $18k and we aren't done yet. Things happen when walls come down and you don't know what's behind them.

Oh well. I hope this works out okay. We are in so deep that we can't turn back now. Whatever it's worth I think if I escape under $100k I'll be happy right now. I don't think we should be that much further over I am going to guess $85k all in. But don't hold me to this. I'll continue updates and more importantly I'll post photos when it's done. I can't wait.