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Checking In

January 1st, 2018 at 08:53 am

Work has been crazed. The last week of the year is always the busiest/most stressful work-week of the year for me, but was compounded this year by many different factors. I am taking this long 3-day weekend off to recover and reset. Then it's diving head first into the busy season (for the next 4 months).

MH was asked to work the prior two weeks, and there was talk of maybe this week too? He usually has 6 weeks off during winter. In the end, Friday was his last day of the season and they said they will probably need him again in three weeks (normal start time). He missed having winter break home with the kids, but they are old enough I don't know that it mattered. If they were younger, he would not have worked so long. We are so present with our kids though, I will admit it felt weird for us to be so tied up with work. During tax season (and December usually), his work is REALLY slow, and so most of the time it works out to be more yin and yang.

In addition to all that, I've been running kids all over the place. They had infinite short days at school (prior 2 weeks ~ I think because two different schools so every day one of them had a short day for this or that reason, just happened to not be the SAME days), and DL's vocal performance ended up being a 4-night commitment. Their vocal concert was absolutely amazing though, and I didn't mind some forced breaks. On Friday I picked up DL from a sleepover at 11am. Just a lot of domestic stuff that MH generally would have been handling.

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FISCAL DOINGS:

Ended the year with net worth up $95,000. !! I think that is the first time we've done that without the bulk of the gains being real estate gains. (We've done this many times before ~ six figure increases ~ with California real estate).

More details later...

SOME FINANCIAL NOTES RE: IN-LAWS:

**Was discussing timeshare with MIL. She is VERY tone deaf (her way or the highway) and her plan has always been to pass on her timeshare(s) to us though we are not interested in the slightest. Sure, free places to stay wherever is all good. But paying the annual fees and dealing with all the red tape, plus feeling obligated to use every year? No thanks!? Especially for two people who would be perfectly content to never get on an airplane.

Anyway, she is getting really disgruntled with her timeshare situation. & has made very clear she is not sticking us with that crap. I guess if you wait long enough (20 years!?) sometimes these things sort themselves out.

**MIL and FIL have decided to gift their car to MM(14) next Christmas as they are both VERY excited about this!

Again, this is one of those things that just needed time. There was talk of buying MM a car at some point, which just made me uncomfortable. They are totally the types to do that without consulting with us. I thought that might be a FUN bridge to cross eventually (NOT!). But they also have 4 grandkids very close in age and I am guessing they were getting ahead of themselves. Anyway, the latest is that they want to gift their vehicle to MM when he turns 15.5 (which is actually very helpful as it gives him a car to learn to drive on). They made clear to MH that this car is for BOTH kids. Again, is kind of what I was thinking anyway. So maybe this will resolve in a very helpful way.

{I don't remember the details, but it may be a 2005 with something like 150k miles? I think it sounds like a perfect first car for a teenager. I would happily pay for it, knowing it was well cared for. But I am not surprised they just want to give it to him}.

In my case, my parents weren't in any kind of financial situation to help me and neither were my grandparents. & I could just walk to school. I bought a car because I *wanted one* but that fell entirely on my shoulders. This situation is just very different. MM would prefer to ride his bike to school, but it's just way too dangerous. We don't have any public transport, and he knows he's not going to get any freedom on that front unless he has a car to drive. (Meanwhile, he would have preferred to just bike or take the bus for the past several years). BUT, he also has a brother that is only two years younger. MH would like to go back to work full-time, and we would put that responsibility on MM (taking his brother to school). I would rather provide a car in a situation where the car is more needed AND will make our lives easier. I was thinking that gives him two years to save up for a car and to come up with a more long-term plan. It only seems fair to offer the same to his brother. When he turns 18 and goes off to college, then his brother could use the "temp/learning" car.

I don't know how long it will last, but I will enjoy being on the same page with the in-laws. Will see how it shakes out in another year or so. I wouldn't hold my breath. But it's nice to have a plan and to be offered such a generous gift.

**On the flip side of the coin, MIL did not fund kids' college this year. No idea what that is about. MH won't ask her about it and I wouldn't touch that with a ten foot pole.

Is out of character for her, so I thought she might realize eventually (nieces' birthdays or Christmas). Christmas came and went with no mention, so I guess it's official the kids' college money will not be added to (2017).

I honestly think she forgot.

This doesn't change anything for us. I just share because their "college" accounts will be stagnate unless MIL starts contributing again (was $1k per year, per child). Anything we save up, we would not put in our kids' names or tie up in education funds. & I don't see making the effort to save any more than we already are.

Edited to add: The college money was just forgotten. Received in early 2018.

1 Responses to “Checking In”

  1. frugaltexan75 Says:

    That sounds like a really good deal for MM with the car. I didn't have a car until I was 18, but I also lived in the dormitory (boarding high-school) most of the year, and then my first year of college we weren't even allowed as freshmen to have a vehicle on campus (unless you weren't in the dorms.)

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