Monkey Mama*s Monkey Money Blog

MM(19) decided last minute to drive to Seattle.  I was a wee bit stressed about that.  It was originally going to be a 3-day trip.  ???  After leaning on him a bit that he needs to account for traffic, detours, getting lost, whatever, they eventually changed it to a 4.5 day trip.  Without any stops or traffic, it's about a 13 hour drive from our home.

I would have told you that we (MH and I) did the same trip when we were around 20/21.  Just looked it up and it was that age.  So I was just a year older than MM.   But...  That was a more leisurely summer trip.  Also, I had driven a bajillion miles on road trips before that big trip.  

We just wanted them to be more practical with their planning.  But with the longer road trip, they stopped at Crater Lake, went camping, etc.

Edited to add:  The trip was a success.  I'll stress less next time; he's a more experienced road tripper now.  

MH talked MM(19) into upgrading his cell phone.  The Pixel phones have some deal where you can trade up with a $300 credit (if you turn in your old phone).  So it's a $200 cash purchase for a significant upgrade.   I think the new phone is $450, but was closer to $500 with taxes.  Less $300 credit.  

I knew MM(19) would be spending more during summer months.  I wasn't expecting he'd be spending this much!  But it's nice to see that kid spend/enjoy his money.  In the past, he's been pretty extreme on the money hoarding front. 

MH called out a garage door repairman on Monday.  He didn't charge us anything.  We'd probably rather he spent more than 5 minutes, looked things over more carefully, and just taken the $250 to do the work that he felt was "too easy for us to bother paying him."  But on the flip side of the coin, a free fix isn't the worst thing.  I expect his diagnosis is right because I was so confused when MH said he was constantly having problems.  I never have problems with it.  But it's the sensors fading over time, probably.  MH is more likely to open the door in full sunlight.  Repair guy said the sensors struggle over time but we can just switch the wires (flip the sensors), and they will last another 10 years.  If it's happening at a certain time of day (when the sun hits it just right) it's more likely the cause.  I know it's not happening when I mostly go to/from work.  In the interim, MH had lubricated the door and it seems to be working fine.  He was waiting for MM(19) to get home.  MH feels comfortable re-wiring it, but thought MM(19) might enjoy it more or be more up for the task.

Will see...  The cost to replace the garage door opener is absurd, right now.  It's either a free fix or an expensive replacement.  (This wasn't on my radar at all, because is one of the few things we had already replaced in this house).

Things on the work front are good.  New employee came in a few hours for some training this past week.  She starts full-time on Monday.  I realized at some point that we have never have anyone fill this position full-time.  Our last admin assistant was hired on part-time (and it was always a part-time or very very part-time position, in the past.)  Our prior employee went "full-time" January 1, but then she constantly was taken time off for various personal dramas.   So though everything about this has been terrible...  It just hit me in the last day or two that we should be very well staffed.  Everything within our control.  It's the "out of our control" that has been very difficult and is what worries me.  😞  (If you missed it, the last employee quit because she needs brain surgery.  It continues to be mind boggingly absurd).  

I did price hotels for MM's move-in weekend and it wasn't too terrible.  Nothing like it was in June.  Of course, moving him in on a Sunday would be ideal, and we could stay a couple of nights (cheaply).  But he doesn't want to move in the day before classes start.  Fair enough.  We will move him in Friday or Saturday, and maybe stay a couple of nights.  It's moot.  There's no room for our stuff (for MH and I to pack bags) and someone needs to get DL(17) to school.  

Our plan was actually to do a couple of move-in drives.  It's either that or take two cars (once).  But I think we'd rather just take the electric car twice (the fuel costs pennies), and get a chance to see MM a couple of weeks after he moves in.

We had kept everything open for film festivals, but they are all starting to go remote or delay another year (COVID).  In addition to the long list of rejections.  So we were starting to think about planning a trip end of August.   Road trip, long weekend.  Maybe San Diego?

Oh yeah, and then MH was called back to work in a couple of weeks.  I think MH had a feeling, but I was really surprised.  He recalls being called in early, in the more distant past.  (He usually goes back after Labor Day).   He agreed to go back, but just gave them a heads up that he will want to take a couple of days off.  I guess this means we could go somewhere in September.  Just wanted it to be while MM(19) was still home and could get DL to/from school.  I am waiting to see if we can get a free timeshare stay.  I told MH the other day, it wasn't even the cost so much, but it's the decision fatigue.  Just tell me where to go.  If it's just one choice *and* it's free, then I am so there. 

MH just told me he "unofficially" got into another local film festival.  He knows one of the organizers and she just told him.   They seem hell bent in doing some of it in person, but who knows...  

I was just putting this at the end of another post but it was getting too long and I figured I'd break out into the college category. 

Just noting where we are at with things as DL starts his senior year of high school.  Wouldn't be surprised if this is where we land, but expect minds to change over the next year...

DL(17) is starting to get all that 'senior year college apps' pressure and is starting to ask more questions.  I told him not to worry about it, since he doesn't have to deal with all the red tape and timelines (for community college).  But as he was asking questions, I recommended doing some homework re: colleges that are more in-person (his preference), looking up colleges where he wants to live, etc.

I am sure he will change his mind 10 more times.  Which is fine.  He has the time to do so.  Before this week, he's just been thinking about if he wants to stay home his first year of college, or live with relatives in the Bay Area (and has gone back and forth in recent years).  He is finding that the colleges are more abundant and higher quality in the Bay Area.  Which is probably why we never presumed he'd live at home (re: community college).  I mean, this was 1000% re: engineer child.  He clearly would have gone to community college in the Bay Area, if he went the community college route. But DL(17) seems to be leaning the same way (Bay Area), as he evaluates options.

He does want to live with SIL, so I asked him what college was around there.  He found a college I don't remember at all.  It's in a bougie zip code and has a good business program.  I can see why he is drawn to it.

So I spent the week asking people if they knew anything about this college.  No one's heard of it, but I am just talking to local people at this point, and not getting anywhere. I talked to my Dad last night and he said, "Heck yeah, I know that college.  They have a GREAT music program!"  Seriously!?  It might be *the one*.  After a long summer of just throwing himself into his music, DL(17) seems a little more open to a music minor or at least taking some music classes.  & it would be a great way to meet like-minded people in a city where he doesn't know anyone (his age).  

Our "we like backup plans for our backup plans" personalities want DL(17) to apply for State.  The application is simple.  He doesn't seem interested right now, but a lot can change in a year.

It will be interesting to see what he comes up with re: college and career counseling at his school.  Is supposed to be very good, so might come up with new options.  Also, sometimes things sound better when it doesn't come from your parents. 

College costs, for point of reference:

Community College:  FREE

This is a newer (CA) thing that mostly no one has heard of.  I am looking up this specific college (it seems to depend on college) and they have free tuition/fees/books.  Catch is you have to be a local resident.  (& a full-time student, right out of high school).  I don't know how moving factors but it sounds pretty moot.  The $1,500 annual sticker price (tuition/fees/books) would be free regardless with college tax credits.  I can see the value for struggling families and people ineligible for the tax credit.  But I don't see that it makes any difference for us personally.  No matter how you slice it, community college should be free for DL(17).  (First $2K college costs are eligible for a Federal tax credit to offset).

The 'free community college deal' does cover more than just tuition/books.  It does have that going for it.  It's just not enough to lose any sleep over if they won't count him as a resident.  

State College: $3K

Sticker price is $8K per year.  Minus Federal tax credit and middle class (CA) grant, we are looking at net $3K per year. 

I really don't care if DL(17) goes to State or community college.  Both options are well within our means, and clearly very inexpensive.  So we will encourage him to consider both of these options.  

Bigger picture, it's probably more wise to just go to State.  Odds are he'd just stay at State, if he started there.  $12,000 for the 4-year degree.  I'd push more for State, if it was just about finances.  But I think community college might be a better fit for him.  

He's not going to consider anything "expensive" or where he'd have to dorm.  Makes it much simpler.  These are just his personal deal breakers, but he might share some of our genetics.  😉  

Edited to add:  middle class grants took forever to sort out but went up 70% for the 2022-2023 school year.  If it goes up even just a little bit next year (as scheduled), we will only be paying $1,500 net for DL's first year at State.  Maybe less in future years.

Received $38 bank interest for the month of June.

Received $120 I Bond interest for the month of June.

Snowflakes to Investments:

--Redeemed $39 credit card rewards (cash back) from our grocery card 

--Redeemed $69 cash back on Citi card

--Redeemed $7 on dining out/gas card

Other Snowflakes to Investments:

+ $8 Savings from Target Red Card (grocery purchases)

+ $9 Rounding (to reach an even $1K for first 6 months of year)

TOTAL: $132 Snowflakes to Investments

401k Contributions/Match:

+$935

Snowball to Savings:

+$1,175 MH Income

+    340 MH Extra Paycheck (worked way later into June than usual)

-     340 Dryer Repair

Savings (from my paycheck):

+$950 to cash (mid-term savings)

Pulled from mid-term savings:

-$200 Movie Expenses (Film Festival Submissions, etc.)

-$120 New Dishes

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

-$  240 50th Anniversary Gift

-$  200 Vacation Spending (Monterey)

-$  105 Misc Spending

-$    55 Field Trip/School Expenses

TOTAL: $3,930 Deposited to Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven June:  680

Fuel Costs: $22 Electricity 

(assumed 50 miles & 14 KwH per full charge)

Electric (EV) Miles Driven June: 910

Fuel Costs: $19 (home) + $7 (out)

(assumed 300 miles & 60 KwH per full charge)

Most charging (both cars) was done at home or at free chargers.

Note:  Higher summer rates kicked in this month (home charging)

We did 60 miles of free charging this month. 

Did a separate post due to longer update.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Note:  I am always lagging a month behind because any bills charged in May will be paid off June 1 and reflected in my June numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects May spending & June savings.

Note:  I Bond interest hit because we got past 3-month penalty time period ($0 interest).  

Big Picture: Emergency fund is funded. Cash set aside for college rent next year.  Remaining cash = $5,000.  Most of that excess was clearly built up this month.

I know we will very likely have $3K in medical bills this year (our deductible).  & would like more buffer for some of the more foreseen.  Home maintenance is the obvious.  In addition, starting to save for junior year college costs, with a general plan to spend sophomore year saving up for the last bit of expenses we expect for MM college.   So there will be some overlap while we have extra funds for multiple school years.  

{This does not include I Bonds, which are loosely earmarked for college expenses.  Or gifted college funds.  We have a few buckets to pull college expenses from.}

July is kind of "meh" and August is going to be deep in the red.  Could maybe squeak by in the black otherwise, but MH is off work, I have the biggest mouth to feed, and tuition/rent will be due in August.  In addition to some other bigger expenses we've already run up (that will be paid off in August). 

I still have *no idea* what our college costs will be next year.  I've heard that scholarships sort out in July, so we should find out soon.

{We were okay with the one-time scholarship because it's a very inexpensive school.  We will need to pull $2K for tuition in the fall, if MM gets -$0 scholarships.}

I peeked at the big big picture recently and we were down $30K.  I feel very *shrugs* about "the stock market being where it was just a year ago."  But am also very happy with stock/bond/cash mix.  Hint: never bought into going all-in on the stock market, which became very popular during very long bull market run. 

There's that, and also in the accumulation stage it is much better to buy lower.  I welcome the rare chance to buy stocks at a discount. 

I am bracing for a bumpier ride.  Non-fussed about it in the moment, but clearly hear the alarm bells and am bracing for the eventual bumpier ride.  

Edit:  I just realized I needed $9 to reach 1/2 our snowflake investment goal for the year.  I just threw $9 to that.  $1,000 of $2,000 invested, for the year. 

MM(19) update...

I dropped MM(19) off at work a few weeks ago and then I didn't see him again for a while.  They drove him out to a job site (close to home) and he got a ride home after that.  So much for our carpool.  He is mostly commuting to the job site.  They had told him he would mostly be in the office, but I now think they meant the construction office.  Which works out pretty well because it is such a short commute.  He's paying less for gas than originally expected.  Even without the free EV carpool.

He had a house sitting gig for a while too, paid for in food.   Which is why I didn't see him for a while.

MM(19) is a couple of thousand dollars richer.  He is getting paid every week ($500).

I had totally forgotten about college gift money from in-laws, because they skipped the last time.  It just completely fell off my radar.  So that was a nice surprise with the kids' birthdays.  I can't think of a better use of new college money than to fund his spending money next year.  So he has an extra $1,000 cash now too, with that.

Last year MM spent $500.  This was everything during the school year that wasn't tuition/room/board/medical.  Off the top of my head, his spending would have included school books/supplies, transportation, club dues, haircuts, clothing, dining out, entertainment, gifts, toiletries, ATM withdrawals, etc.  I did spend about $250 on bigger purchases for him, when his very liquid funds were getting low.  So I think $750 was a fair annual number ($500 + $250) and he will be very comfortable with the $1,000 next school year.  ($111 per month).

Summer will be different.  Way more expensive.  If nothing else, car expenses.  & he needs the car to get anywhere.  Our house is not the same "all inclusive resort" vibe than he's gotten used to at college.  Even if he just wants to go on a hike, he's going to have to spend some gas to get there.  

I did put his next 6 months of auto insurance on his credit card and sent him off to get an oil change before he started his work commute.  He also needed work boots.  He shopped carefully and did coupons/sales for these expenses.

In the end, he was down to $545 more liquid cash left.   He received one or two paychecks before he paid $407 credit card bill.  It was cutting it pretty close, new paychecks aside.  His job fell through last summer and we didn't expect that he'd still have this $500 tied up in the 7% interest account (he technically aged out of the 7% rate).  & he has $5,500 tied up in mega high yield savings accounts, that he can of course tap if he needs to.  It was just his preference not to touch that.  He squeaked by.  

That reminds me, I talked to MM(18) about I Bonds and he is excited about that.  If we cash out his 3.5% account ($5,000) he can probably come up with $10K by end of summer.  & of course, he doesn't have to tie up a full $10K in I bonds.  I think we will both want to scale it back a little bit, after things got so tight this year.  But he has the luxury to wait and make sure his fall job is working out, before he locks in the 9.62% I Bond rate. 

Most likely use of his savings?  Buying a car.  I don't know how certain it is, but he's starting to talk about wanting a car his last two years of college.  & logistically, the kids are going to need their own cars (2) next summer.  For this reason, I Bonds are a better choice than funding his ROTH IRA.  (& of course, we will float him if he locks in I Bonds in September and wants to buy a car in June.  I Bond minimum holding period is 12 months.  We will help him out so that he can get the mega interest).

MM(19) had his birthday this last week too.  We had a small party for him.  He wanted to invite his friends over.  We bought him a bakery cake.  It ended up being something like $4 after coupons and rebates.  That was an unexpected surprise.  I am kind of surprised he didn't just want home cooked food for his party (after 9 months of awful college food).  But maybe MH didn't give him that option.  I don't know.  We did order out for his party.  He is hard to shop for and never wants anything, but MH bought him some gadget.  I bought him some drink coasters that I thought might be nice for his apartment next year.  His girlfriend bought him some kitchen gifts.  Stuff like towels, pot holder, a spoon and a spatula?  With the hand-me-down kitchen stuff we have (plates, silverware, pots, pans, etc.) I don't know that he will need much else.  I haven't had the mental energy to figure any of that out *and* he's probably not going to coordinate with his roommates beforehand.  So we may just wing it with what we have and what he eventually figures out that he needs.

DL(17) update...

DL had his birthday last weekend.  We got saved by the bell because he wanted to go to his bestie's house (they share the same birthday) *and* MM(19) was available to drop him off and pick him up (after sleepover).  Phew!  MH and I ended up busy with my parents' emergencies.  

DL(17) scored a free guitar and MH bought him some electronic/music thing that he loves.  A sound mixer of some sort.  As to the guitar, someone just abandoned it at his friend's house some years ago.  He asked if he could just have it.  He said he doesn't think anyone else had ever touched it (since it was left there).

I guess we did also order out his favorite food on another night.  & MH took him to a couple of thrift shops last week, to spend some of his birthday cash.

Things have been pretty normal here for a very long time.  The one exception is the teen animal shelter volunteer program.  The organizer and some of her adult helpers have autoimmune disorders, so they have been very slow to resume. In the end, they resumed around July 1.  DL(17) had signed up around Feb 2020, so he has been waiting very patiently.  He's done two shifts and really enjoys it.

I went over to the old free charger last time.  It's very isolated and not my favorite place to charge.  But with my hybrid car I can at least get 1/2 the drive covered.  While sitting there, I thought maybe I should check if any new chargers had popped up.  There were several new free chargers in the area but most of them were not accessible or were turned off during the weekend.  I did find one a block or two down, but someone was using it.  Today I gave it a try and no one was charging, so I got this new charger to myself.  It's probably a toss up which place is better to charge, but I personally felt a little more comfortable at this charging station. 

& I did remember to take the EV this time.  It charges twice as fast as the hybrid, so am basically able to get free fuel for the entire drive.   I got about 50 free miles today (for a 40-mile roundtrip drive).

I didn't even think about it while I was charging last time, but afterwards I thought to look for a free fast charger.  Those are more unicorns and I really didn't expect to find anything.  But in the "It never hurts to ask" vein...  I found one!  I would have checked it out today but the car was pretty well topped off.  We left it charged after Bay Area trip last week because we didn't know if we'd have to go back to help my mom again.  It seemed likely we would.  Most any other time we can plan a little better and I will try the free charge next time.  (The car charges faster if the battery is more depleted).  Next time...

I suppose I also have a couple of MH updates.

He was working on a movie production but it was abruptly canceled a couple of weeks ago.  MH is super bummed about that.  But at least it was earlier on before too much work was done.  Don't get me wrong, he's put many hours into this thing already.   But the bulk of the work had not been done yet.  It sounded like maybe a dire emergency and we were really concerned, but it ended up being more that the guy making the movie has a big and unexpected move.  I guess that's an extra bummer because MH enjoyed working with him.  Less potential for future projects if he moves hundreds of miles away.

MH also found out he got into another local film festival.  But...  They canceled due to COVID.  It's only the second one he has gotten into, so that is a super bummer.  I mean, I think they are moving it to online.  He wanted to network *and* see his movie with an audience.  It doesn't seem meant to be. 

Ugh.  I accidentally deleted my last post.  User error.  It was a more in depth June EV update.  Oh well.

Note for the future:  Returned from Tahoe round trip with 80 miles left?  Something like that, if we didn't charge.  

The last week or so has been pretty rough. No time or inclination to get into it all.  But I've never gotten past this work jinx where everyone is in the hospital and their life is a cluster (5 years at this point, across multiple jobs).  I can't imagine what it's like to have well employees who show up.  My employee is on her 10th? emergency of the year (not exaggerating) and so I am scrambling to cover for her *and* replace her.  I also had a difficult weekend re: aging parents.  Compounded with extreme cheapskate.  Age + cheap is not a good combo.  

Edit to add:  Employee ended up quitting on Friday (after being out 2 weeks).  Thankfully, we already have a replacement lined up but she can't start for a couple of weeks.  & we haven't had to train anyone new since MM(18) started helping us out in 2019.  Everyone's given notice and trained the next person.  So...  I've got one or two months of extra work chaos.

They finally figured out what her current health problem is.  She needs brain surgery.  It's not good.  At least it's not a brain tumor.  My last job was all brain tumors.  Brain surgery is never good, but she sounded optimistic about the whole thing. 

I am so relieved that we already hired her replacement.  It was an easier task when we were feeling put out from her constant absences.  It quickly turned very somber and depressing. 

So...  That was one of the craziest weeks I've ever had.  But it's still nothing like 2018/2019.  If I have time to blog and share any of it, it's not as insane as most of those years were.

Ideally I'd like to get out a few shorter blog posts, but I am not holding my breath.  I'm amazed I was even able to get this one posted.

Life has been a whirlwind the past couple of weeks.  We don't have anything planned for the rest of summer.  The stars just aligned to craziness last week.  It was all the things.

Celebrated my parents' 50th Anniversary.  Did our annual family camp trip.  Those were the biggies.

Camp.  It's a miracle it stands and we felt very blessed.  Even if there was a lot of challenges (from the fire).  One smart thing they did was request that campers volunteer, to make up for staffing shortages.  DL(16) volunteered and had a blast.  & made $165 tax-free for 8 hours of work (in the form of a discount; we transferred the money to his bank account).  It takes a certain personality and he would never want to live there all summer.  But...  He got some taste of the behind the scenes.  For him, camp is the highlight of the year, and getting to "work" was just icing on the cake.

We saw a bear at Lake Tahoe.  That was exciting.  

Oh yeah.  The cabins smelled smokey and all of our belongings smelled like ash trays when we got home.  We felt so blessed to be able to go to camp this year, but it definitely had its challenges.  They are still working to replace burned sewer lines, etc.  We saw melted light bulbs off the patio.  I really can't wrap my brain around it.  Light bulbs melt (at 3000 degrees) but all the structures (and most of the trees) still stand. The fire fighters are miracle workers.

MM(18) starts his summer job tomorrow.  This is the job that is randomly in the same parking lot as my work.  So he will get to save a bajillion dollars in gas.  Both him and his girlfriend have major adjacent jobs this summer, both Tues - Thurs.  Is just how it worked out.  Anyway, we are carpooling tomorrow.   

HOTEL:

--------

$50 Hotel Coupon

MOVIES:

--------

$50  Regal

$50  Art House Theater

RESTAURANTS:

------------

$50 Cracker Barrel (small balance left)

$25 Chili's

$5   Jamba Juice (Gift)

$ 25 x 2 Jamba Juice (Gifts)

RETAIL:

---------

$100 x 2 Target (Emailed/paper gift cards)

$25  Kohls Gift Card (DL Christmas Gift)

REGIFT:

---------

$25  Starbucks

Note: Edited over time to remove used gift cards. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

We just got through a restaurant gift card from 2017!  

I keep passing over larger credit card rewards because they are mostly for gift cards.  & it's taking 5+ years to get through the last batch of gift cards...  But I admit I should probably look into it further.  If there is any gift cards we can use.  Dorm stuff?  I think MM(18) is pretty well set, but he will have a kitchen and more space in the fall.  I should probably look into it and ponder more.  

I mentioned to MH we had the Chili's card and that maybe we should just give it to MM(18).  MH told me there was a Chili's in our neighborhood (I had no idea) and so we are loosely planning a movie/lunch date at some point.  Probably in July.  I want to get that last very old gift card used up. 

I am not sure where we are at with movie gift cards.  We might have used up the art house gift card.  & I think MH ended up buying a second $50 Regal gift card, but I don't remember for sure.   MH has an unlimited Regal movie pass, and earns more points than MM or I would ever use for free tickets, so he gets through the movie gift cards very slowly.  I mentioned in my last gift card update I was shocked he still had some money left on the last Regal gift card.  At this point I think? it's a safe assumption that he used up the old Regal gift card.

I have no idea how, but MM(18) had about $420 college dining dollars left over.  I just bought the smallest plan (he will have an apartment/kichen next year).  So that he can roll over the dollars.  Paid $250 for $275 campus dining dollars.  That gives him $695 when he goes back to school.   Or about $75/month.

I think we will be able to carve out the rest of his food spending from our grocery budget.  Ideally, we can squeak by with $225/month for groceries ($225 + $75 = $300/month).  Who knows.  Is just what we will try to start with.  I don't know if he will have access to a car.  If he does, that will help with grocery costs. 

Insurance is due on the kids' car.  I just charged it to MM(18)'s credit card.   Between the "away from home" student discount and his good driving record, it dropped about $150 (6 months) from last year.  I figure (that MM) paying $230 is reasonable for basically one year.  & he should have some paychecks before the balance is due.   (I paid the prior renewal because he wasn't home or using the car).  

I noticed that his "good student" discount was missing, so inquired about that today.  I might not have noticed otherwise (with the rate being so low this time), but they asked me for his grades several times after I sent it in.  So I wanted to make sure it was applied, and it was not.  I've since heard back to send in his grades for further discount.  

With the unexepected found time this last weekend (MH found a ride home from college), I redirected that time to long put off chores.  The biggie was getting through some purging.  Made some progress, but have a ways to go.  Was extra motivated with a new furniture purchase, which I will try to share (a picture) below. 

Edit:  Made further progress today.  Just one big/bulky item left, that I probably most wanted to get rid of.  But I haven't listed it for free yet.  So there is still hope.  I just hope it goes quickly when I list it for free. 

I did pull $100 from cash to reimburse MM's friend for gas.  (I had no idea how much big vehicle plus trailer gas is).  But I started with that and MM told us later that's about what they spent on gas on the way home.  Probably would have been more but I saw the vehicle was a hybrid when they dropped him off.   That helped...  

I then bugged DL(16), for like the 10th time, to give me some of his cash.  To the point I counted his piggy bank cash one day and he had $200!  (Just using him as my ATM machine, transferring the sum to his savings account).  I probably got a little more pushy after MM(18) took so much cash.  DL(16) tossed a lot of $1 bills at me and I said, "DL!  You have $200 in there!"  I guess he took out "half" the (physical space of) money but didn't realize.  So he tried again and gave me $170.  That was better.  Saved me a trip to the ATM.

I told DL(16) that his bank balance was $2,700, after transfering all that birthday/Christmas/whatever money he had piling up in his room.

Later DL asked me if it was too soon to go back to the thrift shop.  I said it is never too soon. 😉  (That's the whole point, can go every weekend if he wants).  To which he replied very reponsibly, "I need to get a job first."  Which is fine, but looking at his $2,700 bank balance, I might encourage him to go if he wants.  Or at the least, I will step back and let him pay (if he goes back before he gets a job).   

We seem to be going through a round of murphy.  

MH just replaced the bulb in his projector (home movie theater).  He asked me when we bought the projector.  2014.  So it has been 8 years.  Doing the math, it sounds about right as to bulb life.  For a very heavily used projector.

Fingers crossed.  Not 100% sure that was the problem (the free fix), but he's watching a movie and testing it out right now.  (The projector came with a replacement bulb).  

Then I noticed that our dryer was not turning off on its own.  It's liveable in the short run, but not ideal.  MH called our appliance repair guy last night and he warned us it might be $350.  Ugh!  MM's gut feeling was that it was important to fix *and* not worth being so wasteful as to buy a new dryer.  It's only 3 years old.  We were both very much on the same page. 

Happy to report that's all it was (could have been worse, which we were also warned).  I couldn't even remember the last time we reparied an appliance.  So between that and the newness of the machine...  Grand total ended up being $340.  The part was expensive and he found another small problem.

I did look it up and it had been a very long time.  We had paid him $60 to fix a dishwasher leak in early 2015.  So it has been over 7 years.   $185 to repair our washer in 2013.  I believe this guy had also come out in the past and charged us -$0-.  So though the $340 is very ouch...   Big picture, I am okay with it.   

In other randomness, I finally replaced a super cheapie ($15?) table that I recall my mom buying me when I moved out at 18.  (It was very cheap/wobbly and I have been wanting to replace forever).  I had picked out a replacement in 2015? but never pulled the trigger.  I think it was 2015 or 2016,  I just saw it come up in my photo memories.  Apparently spring is when I think about replacing the table.  Anyway, I finally did it!  The new table arrived, MH put it together right away, and this is what spurred some of my purging.  I like it better in person and the space is huge.  Is where I always hid all my donations, and it still works for that.

There's still a lot of hand-me-down furniture in our house and things we have never bought new.  But...  I think that was the only thing left over that just wasn't nice or functional.

& MH is wise.  As I consulted with him and was ready to pull the trigger, he said, "Do we even need a table?"  He's right.  But I just had it so in my craw at that point.  I wanted to scratch the itch!  I decided maybe he was right but that MM(18) would need some furniture soon.  Maybe for his apartment junior year.  (Maybe I could scratch the itch and then ponder letting it go).  But...  Now that it's here.  Screw that.  MH and I both really like it. 

Received $26 bank interest for the month of May.

Received -$0- I Bond interest for the month of May (will kick in next month).

Snowflakes to Investments:

--Redeemed $40 credit card rewards (cash back) from our grocery card 

--Redeemed $76 cash back on Citi card

--Redeemed $6 on dining out/gas card

Other Snowflakes to Investments:

+ $2 Savings from Target Red Card (grocery purchases)

TOTAL: $124 Snowflakes to Investments

401k Contributions/Match:

+$900

Snowball to Savings:

+$1,400 MH Income

-$ 300 Donation to DL(16)'s school

-$ 100 Graduation Gift (niece)

Savings (from my paycheck):

+$950 to cash (mid-term savings)

Pulled from mid-term savings:

-$950 Movie Expenses (Premier Party, Film Festival Submissions, etc.)

-$585 Drivers Ed

-$180 Show Tickets

-$120 Crowd Funding (paying it forward)

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

-$  150 School Band concerts & field trips

-$  144 DMV Renewal (Kids' car)

-$  100 State Tax E-file (x5)

-$   80 Oil Change (hybrid) 

-$   78 Pest Control

TOTAL: $2,112 Deposited to Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven May:  645

Fuel Costs: $16 Electricity 

(assumed 50 miles & 14 KwH per full charge)

Electric (EV) Miles Driven May: 1,146

Fuel Costs: $16 (home) + $25 (out)

(assumed 300 miles & 60 KwH per full charge)

Most charging (both cars) was done at home.

We did -0-? miles of free charging this month.  I don't recall any free charging.

We did plan about 300-ish miles of free charging for our bigger road trip last last weekend but as I mentioned in my last post we turned around because DL(16) was ill.  It wasn't well planned and we just stopped wherever.  

I am racking my brain because I thought we were out of town every week in May but I just figured it out.  

Week 1 San Jose ~ that was April 30th

Week 2 San Francisco ~ we took the train

Week 3 Bay Area ~ DL(16) had a band event but it wasn't far enough to warrant a stop/charge

Week 4 So Cal ~ spent $25 at chargers

June will be more of the same. 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Note:  I am always lagging a month behind because any bills charged in April will be paid off May 1 and reflected in my May numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects April spending & May savings.

I expect that this is the last DMV renewal I should be paying for the kids' car.  MM(18) will be back this month covering all expenses for summer (he has a job/summer commute).  Probably a small gap after that but DL(16) should be licensed and taking over the car expenses this fall.  MH and I covered some of the car expenses while MM(18) wasn't using the car and DL(16) didn't even have a permit.  I am happy to cross that extra expense off my list soon.

The donation to DL(16)'s school is somewhat required (in the form of either money or time).  I would have done some of this in December but the website was not working and I could not make donations.  Because of the large chunk, I just took it out of MH's income.  We probably skipped the past couple of years (in the craziness), and just have one more year left.  Something else that I can cross of my list soon-ish. 

The hybrid does need an oil change once every 2 years.  It was time.  Given that this is really our only vehicle maintenance expense and a more specialized car, we just went to the dealership ($$$$$).  

& then driver's ed...  The place we used for MM(18) raised their prices significantly.  It was only $300 before?  This is not a universal price increase.  It was just this one place that raised rates, but they still had amazing reviews (throug the pandemic) and we were really happy with them.  So I bit the bullet.  After the first drive, I am happy with this decision.  Would pay any amount of money to get DL(16) more comfortable with driving.  (Happy to say that it is paying off).

This should be the last big month for MH's movie expenses.  Future expenses will mostly be travel, if he gets into more festivals.

I e-filed taxes for everyone (better and more secure).  Did you hear that the IRS tossed 300 million "information returns" (e.g. W2s & 1099s) without processing them? 😱  I am skeptical that's all they threw away, given the bajillion IRS notices at work re: multiple paper filed entities (corporate and partnership tax returns).  This is on top of my snail mail ID theft I experienced 10+ years ago.  I chose to just e-file this year even if it was more expensive (than just paper filing with a postage stamp).  Our parents are very generous and GMIL is broke, and so I never in a million years would ask them to pay for any of this.  I filed tax returns for them and the kids.  (I've always just e-filed our own tax return, but have snail mailed a kids' 2-page tax return in the past).

MH bought tickets to a show.  We have since discussed two other concerts but they were just too hard to justify financially.   I moved those to the "nevermind" column category.   Both were kind of "would be fun," but not $200 fun.  Nothing we were very passionate about.

DL(16) has had more interest in clothes/style in recent years.  He's been completely fine with Ross/Marshalls.  But when he bought a sweater online for $50, I told him he really needed to go thrift shopping.  Shortly after that, the topic just randomly came up at work and my co-worker told me the name of some shops that are good for teens/boys. 

We ended up going last weekend.  Half the places were closed on Sunday.  But he really liked the first place.  Afterwards, my co-worker told me there was also a really good Goodwill in the area.  I looked it up later and it was about a block from this other thrift shop.  She was holding out on me!  The pictures of this Goodwill were amazing.  (Mixed feelings about that, because I really don't need any more crap.  But I wanted to write down because can be useful for gifts and/or apartment shopping for MM).

DL(16) also wanted a haircut.  I just paid for everything because he has not secured a job yet.   

DL(16) humored me and went through his clothing when we got home.  He had a small purge pile.  We had a charity come by today and take 3 bags.  Phew!  Got past the pandemic backlog.  I'd have maybe kept more of the clothes for MM(18) to go through, but I just wanted to be done with it.  I did hold back a few items that I think were MM(18)'s at one point or that I thought he could use (and I checked with him if he wanted them).

{I thought I had one missed bag from the pandemic, but it was two.  & I added a third bag with some purging last month.}

Both kids are done with school today.  Wrapping up their last finals.

I ended up canceling the $400 hotel.  MH made a comment that we seem to very often cancel hotels in this region.  I don't even know if he remembered the vacation plans we had canceled twice (2019 & 2020).  I think I've canceled more hotels than I've kept reservations for, at this point.

But it's all good.  Boring.  But good.  MM(18) was able to arrange transportation home (for him and all his stuff).  It helps to be a minimalist.  

I am bummed to cancel our very brief beach vacation, but happy to have 12-ish (driving) hours of my life back this weekend.  

How in the heck is MM(18) done with his first year of college!?  It was over in a blink.  

MH made it into a San Francisco film festival!  & he was the headliner!  It was such a hodge podge of genres, that it's not fair to say that it was the "best" movie, but was definitely the most entertaining.  The downside of being last is that most the crowd had left (the event was long).  But it was received very well and it will be neat to see it in a fuller theater some day.  Fingers crossed.  The acceptances and rejections are rolling in slowly. 

MH also randomly received a 10% raise Friday.   Retroactive, so his check will be bigger than expected.  Of course, he usually gets a raise in the fall.  I presume it's just a little early this year.  (He will get one or two paychecks at the new rate, but then will be off work for the summer).

MM(18) accepted a summer job offer in his field of study.  It sounds like this company is doing some work at his school and can translate into some work during the school year.  But the summer job is part time and then he has secured the TA job for the fall.  It was dependent on his class schedule but it sounds like he got it worked out.  He made out pretty well with the part time high paying summer job (will have both $$$ and time).  It's at home, so he won't have any expenses.  Heck, this company is randomly in the same parking lot as my job, so we will be able to mostly carpool.  

DL(16) is starting to apply for jobs.  He just thinks he is going to be bored out of his mind this summer.  He's ready for his own money and some more independence.  (He still has a couple weeks left of school).

In other randomness, unfortunately the last set of dishes we bought have not held up well at all.  They crack/chip and then get too hot in the microwave.  The set before that were just too plain and I didn't care for them.  I have those set aside for the kids and MM(18) will be using them next school year.  (It's also nice to have extra dishes for entertaining).  

It took a while for us to agree on anything, but I ended up liking the new set of dishes even better in person.   Phew!  We spent less money this time around.  Will see if these hold up for more than 10 years.  

I did also order a couple of school branded gifts for my niece (she's going to the same college as MM).  I just ordered online for MM(18) to pick up.  Will have to remember to get from him when he gets home.  Wanted to pick up a couple of small things but didn't want to pay for shipping.  I will also send her $100 this week.  Is what I recalled, but I looked it up and confirmed that is how much money SIL gave MM(18) for his graduation.  

There's been several virsuses going around and has hit our house hard.  It figures.  I was just getting medical issues resolved and then ended up sick.  This one knocked me down hard.  Was sicker than I've been in a few years.  & even that was not too terrible, but I have been tired for weeks afterward.  Even yesterday, I laid down and crashed for 3 hours. 

We haven't personally been dealing with price increases.  But...  The hotels by MM(18)'s college?  Holy cow!  People have money to burn.  It's just absurd all of a sudden.  The hotel we have often gotten the nicest room for $200-$250 per night?  It's now $700 (for the most basic rooms) some nights!   I had a staycation a couple of weeks ago but the one fun/splurgey thing we had planned was to visit MM(18).  Maybe would have also stayed by the beach if it wasn't a bajillion dollars.  We probably booked the most expensive hotel we had ever booked, to stay nowhere near the beach.  Everything was just ridiculous.

I ended up changing the reservation a couple of times and wasn't interested in pre-paying a $350 hotel room.   (Crap happens). We lucked out because the last one I booked we could cancel up until check-in the day of.  We made it about 80% down to the college and DL(16) even came with us.  But DL had a bit of a mental breakdown and we turned around.  He had a fever by the time we got home.  Some parts mental and some parts physical.  I at least had the presence of mine to cancel the hotel, with a few minutes to spare.  

We had already decided to not book a hotel at all when we pick up MM(18) after finals.   Even mid week prices (if we could swing mid week) were already crazy.  It's kind of moot because he has a late Friday final and so we can't pick him up until Saturday.  Move out and graduation.  Ugh.  Of course it's the one quarter he can't get out by Wednesday or Thursday.

In the end, I did see someone praising hotel prices about 30 miles south (along the coast).  I am okay with one crazy expensive hotel.  (It's probably going to be $350, but at least it won't be more than that).  I just didn't want to do more than once this school year.  So I am starting to think we may just book a hotel that Friday, because we canceled the last one.  I thought at least we could get out super early Saturday, but I guess the first graduation is 8:30 am.  So much for "beating the crowd".  But I suppose we might beat some of the move out crowd.  Well, after spending many hours scouring hotels, I have to start all over again.  Hoping that MH and I at least get a more leisurely drive out of it and maybe a nice dinner out and some nice views.  I may give up.  At least we can stay with our parents to break up the drive a little bit. 

Edited to add:  I guess it was a good money week.  Spoke to MM(18) and he told us that we have a $175 refund in the mail from his college.  Woohoo!  The one State middle class grant we received, they gave us an extra $175 (when it all sorted out).  MM(18)'s freshman year is already paid for, so sounds like I will get a check any day.  

I did also book a hotel (before we found the extra $175).  I did find a beachfront hotel with a car charger and was about the best/cheapest thing I could find.  They only had one room left and I snagged it.  But I didn't have to scour the internet for hours because mostly everything is ridiculously expensive and sold out.  (I looked a little longer after I snagged this first room but quickly gave up).  Ended up being about $400 but even the Motel 6 at college town was $350-$400.  I am so glad I got a tip to check this one town because it wasn't coming up when I was looking +/- 30 miles before.  It's 35 miles out of the way but it's beachfront (highly rated) and we can afford it.  We will have a nice coastal drive down Highway 1 Saturday morning when we pick up MM(18).  

Other going ons...

Strangely, we had a no spend week.  I was just surprised there was nothing on any of the credit cards.  The exception was groceries.  3 stops at the grocery store, which isn't too unusual.  But now that I think about it, MH asked me to pick up orange juice when he was sick and then MH ran to the store in the middle of cooking dinner because we were missing something.

Today I balanced out June.  I've paid all the small credit cards ($40 Target, $100 dining out card, and $18 I put on MM's credit card for my niece's gifts) and will pay off the bigger balances after pay day.  I suppose we've got 3 more days this month but nothing is pending, I allocated $100 for groceries (any overage can be paid next month) and the credit card cycles have closed anyway.  Will probably bump anything else to figure out in July.  I was pleased everything balanced because we spent a lot of money this month.  Still not used to the extra breathing room.  But also still in general err on the side of over-saving, which is why I have nothing left for the next 3 days.  

I do have a return to take care of today, so I guess that buys me a little wiggle room if something pops up.  We have no plans, MH is recovering from this virus, and I just have chores to do this weekend.  I don't foresee any spending.  We've been on the road the last four weekends and so it's nice to have a peaceful weekend at home.

Received $25 bank interest for the month of April.

Snowflakes to Investments:

--Redeemed $33 credit card rewards (cash back) from our grocery card 

--Redeemed $96 cash back on Citi card

--Redeemed $3 on dining out/gas card

Other Snowflakes to Investments:

+ $10 Savings from Target Red Card (grocery purchases)

TOTAL: $142 Snowflakes to Investments

401k Contributions/Match:

+$890

Snowball to Savings:

+$1,300 MH Income

Savings (from my paycheck):

+$950 to cash (mid-term savings)

Pulled from mid-term savings:

-$365 Movie Expenses (Film Festival Submissions, copyright new script, etc.)

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

-$  941 Auto Insurance

-$  500 Life Insurance

-$  253 Annual DMV Registration (EV)

-$  300 Dentist

-$  386 Medical 

-$  200 Misc Expenses for MM(18)

-$    25 Driving Course for DL (16)

TOTAL: $1,837 Deposited to Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven April:  715

Fuel Costs: $19 Electricity 

Electric (EV) Miles Driven April: 1,185

Fuel Costs: $22 (home) + $6 (out)

Most charging (both cars) was done at home or at free chargers.

We got about 70 miles of free charging this month.  We just got lucky.  We went out to a park and a restaurant one weekend, and they both just happened to have free charging. 

We did also do a Bay Area trip (Easter) with -0- fuel stops.

For the Easter trip, we got home with about -0- miles to spare.  It was a little stressful and I had heard that like a gas car there is still 20 miles left at that point.  But afterwards I read that isn't necessarily the case.  Who knows.   Logically we still had plenty of buffer to get home, even if the car computer decided to freak us out during the last couple of miles.  The miles guesstimate was being a little glitchy.

Accordingly, we decided to err on the safe side and just stop to charge when we went to visit our parents last weekend.  It was probably completely unnecessary.  But I also wanted to scope out more chargers.  In this case, the most convenient stop was at another Outlet (where we usually stop; lots of chargers, food and bathrooms.  So makes a good pit stop).  I am glad we did because by then it was after hours (around 9pm) and I can see I would never feel comfortable going there alone.  In an abandoned/dark parking lot at night.  There is a charger right by my parent's house and I can see it's just wise to stop there for a quick top off.  It's at a grocery store and is probably always bustling.  Those chargers are out front and not hidden in the back like a lot of these chargers are.

We stopped for 5 minutes, spent $1.55, and added about 20 miles to our range.  

In the end, we drove 260 miles and had 30 miles left when we got home.  The buffer was probably not necessary, but it's around the 10-mile mark that the car freaks out and tells you that you need to charge ASAP.  We saved ourselves some stress.

We did also pay $4 for a monthly Electrifty America (EA) pass (which I included in fuel costs above).  With the extra $4 you do get a discount on charging that has always been worth it.  But as EA informed me we saved $0.60 on this one charge (the only one we paid for this month), I told MH I didn't think we need to pay the $4 any more.  We are going to keep it for May because we are going on a long trip.  One big charge/refuel will pay for the $4 (in savings).  But it's clear that we will no longer get any benefit out of this for anything but longer road trips.  So we will cancel that after our May road trip.  Er, after June.  I guess we will be picking up MM(18) from college in June.  After that, we can just activate/pay the monthly pass on months that we know we will be traveling 300+ miles (one trip).  Maybe the breakeven point is 400 or 500 miles but we just don't do anything in between.  (The college is a 600 mile round trip; Bay Area trips are generally 250-300 miles).

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Note:  I am always lagging a month behind because any bills charged in March will be paid off April 1 and reflected in my April numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects March spending & April savings.

I ended up being way too nice to MM(18) when he was here for spring break.  His very liquid cash reserves are getting "low".  Relatively, getting on the lower side.  He needed some nicer headphones but picked out a higher end pair.  I just bought them.  To be fair, I tried to put new running shoes on his credit card (told him we'd sort it out later, based on how jobs shake out for him) but I was unable to put it on his credit card and use MH's REI member discount.  So I gave up and just paid for those too.  In addition to paying for gas for the car, MM(18) was spoiled rotten.

But things are going well on this front.  MM(18) told us at Easter that he has a job for the fall quarter.  It's a TA type position that pays $1,200.  Will be a few hours per week.  That should cover his spending next year, so that was a nice surprise.  (He's only spent $500-ish the last 8 months on campus.  With all food/transportation/extra-curricular mostly provided.  $750 if I throw in the spending I did for him this month.). 

& then it sounded like he got the summer engineering job.  Just talked to him and it sounds like no formal offer yet?   But it's close.  & he already has a lead on another internship *and* an undergrad research project (2 years).  The research project would be $1,700 his junior year (another year of spending money).  Summer jobs will get him a car paid for in cash.  (He already has about $6,000 to that end, it's just tied up in mega high yield savings accounts). 

I expect the extra spending on MM(18) to be very one-off.  

I've already locked in May Spending.  The breathing room is working.  MH has had some weeks of a full working schedule and we haven't tapped any of his income to cover any expenses (for months).  So that is working out nicely.   I'd say that it should be an easy transition to summer (no second income) but maybe not if I am feeding MM(18) during summer months.  I suppose we've had extra extra breathing room with the lower grocery expenses during the school year (one less mouth to feed).   <----I haven't done anything with grocery savings.  2021 was total chaos and we are doing terrible on the food waste front.  But it's hard with how much MM(18) is home and trying to go back and forth between extremes.  Hoping we have the time/energy to be more food efficient in the fall.  

The bigger picture...  We've never had more than $50-$100/month in our budget for misc, spending (things like clothes, haircuts, eating out, allowance spending, whatever random spending might come up in a month that isn't very fixed and predictable).  I put myself through college, we saved up for a down payment in San Francisco (saved 70% of our income for a time), then we dropped our income in half to have kids.  This level of spending is all I know as an adult.  But this year I bumped the misc. spending up to $275/month, and yes we do have some extra extra wiggle room with the grocery savings.

Some bigger picture comments on this:  I was reluctant to increase spending because an extra $100/month spending means an extra $30K to save for retirement (presuming a 4% withdrawal rate).  Financial independence is what is important to us, and I am not too keen to move the needle.  But I also had some unexpected raises and a lot of conversations last year about being too retirement heavy.  So I do think it was prudent to relax our budget a little bit.  (Certainly nothing I ever expected *while* putting our kids through college. I was envisioning 5-ish years of keeping it tight and then, "I'd rather work less than spend more.").

We've enjoyed the extra breathing room, but we quickly abandoned our plans to fit more eating out into our budget.  I've always said that I notice eating out on the scale before I notice it in the checkbook.  I don't care if I order a salad with no dressing.  It's an extra 1,000 calories in a restaurant.  (I am exaggerating, but is how it feels).  This is extremely noticeable when you have spent decades eating mostly home cooked meals.  We've scaled back to 0-1 extra meals out per month.  

In the end, MH and I went to a local college arboretum a couple of weekends ago (completely free) and it was *amazing*.  I'd rather just go back there and have a picnic.  I feel like we have gone full circle.

That is how I am feeling for the moment.  Will just be my income for summer months (plus MM(18) home emptying the fridge and cupboards of all of our food), so it's a good minset for summer.  

This is probably 90% of why financial independence is getting so close for us.  I'd rather just read library books and go have a picnic in the park.  MH is good with the unlimited movie pass.  (He will literally go to the movies every single day).  The electric car is probably one of our biggest frugal wins.  Getting to anywhere just doesn't cost anything at this point.  We have Bay Area trips every weekend this month and that's just going to be *shrugs* financially. 

Yes! 

I believe we had our first charity pickup since the pandemic started.  I might have put out one bag last year at some point?  I don't remember for sure but I think I did have a charity write off.  Since then, there was one scheduled pick up but they never showed.

They just randomly scheduled for my work-from-home day.  So I optimistically set my *4* bags out.  When I looked outside around noon the bags were gone.  I am so happy!  At least two of those bags were filled when cleaning out MM(18)'s room last summer.  There's still a few things to figure out but the bulk of the stuff has been cleared from his room.

Well, now I don't have to figure out where on earth to take any of this stuff.  I would have no idea, we've always had so many charity pick ups in our neighborhood.

{Edited to add:  I found another donation bag while cleaning up the house this week.  I think it was the one missed bag, I had left it downstairs and then it got buried under junk.  I will pull it out so that I don't forget about it.}

I went by the grocery store to pick up some flowers yesterday but they were cleared out.  I don't know if it was the post Easter clear out or if they are short a florist or what.  ???  Anything that remained (not much) was pretty sad.  But I finally spotted these flowers, which were gorgeous.  $5.  I am easy to please.

I feel like I am coming out of the fog.  It's hard to separate out the mental/physical stuff because it seems to be all intertwined.  But I am feeling really good physically and will have some lab work done next week.  It will be interesting to see the results.   Without the lab work, I can say I feel more "normal" than I have in years.

This was started as a small post I never had time to finish.  So I am going to just end up with two mismash posts (if I ever get to the other bigger post I am in the middle of).

A couple of other things that are very fresh in my mind...

DL(16) had his jazz band concert last night and it was *amazing*.  This is the art school, so their performances are always incredible.  Lots of talent.  They usually do one mega long concert for everyone but separated out the jazz and percussion for last night.  This would have been like a 5 hour concert otherwise, I am gathering.  I guess it's nice they let the jazz bands shine versus doing just a couple of songs each.  Next week they have all the orchestras and everything and will be more a slog listening to all the beginners.  

That was kind of, "What just happened?" They were just next level last night.  

My in-laws came to see the concert and brought the news that my niece chose MM(18)'s college.  !!!!!  Yes!

It's just so random.  I don't think this school was initially a top choice for either of them, but they were both swayed.  So it feels so random in the end.  But I think MM(18) was probably a factor in helping to sway my niece.  Well, I am excited!  The possibility of shared car rides and housing (in the future) is nice, but probably more likely we will be more helping out my niece than the other way around.  Just by virtue of being one year ahead.  

Man, these college trip visits are going to get expensive.  !!  More mouths to feed.  Will obviously have to save her from the terrible dorm food, when we visit.  It's all good.

Received $23 bank interest for the month of March.

Snowflakes to Investments:

--Redeemed $46 credit card rewards (cash back) from our grocery card 

--Redeemed $83 cash back on Citi card

--Redeemed $6 on dining out/gas card (bought some gas for MM)

Other Snowflakes to Investments:

+ $7 Savings from Target Red Card (grocery purchases)

TOTAL: $142 Snowflakes to Investments

401k Contributions/Match:

+$940

Snowball to Savings:

+$1,550 MH Income

+$300 (for doing GMIL taxes)

Savings (from my paycheck):

+$1,050 to cash (mid-term savings)

Pulled from mid-term savings:

-$1,700 New Mattress 

-$  350 Movie Editor (payment for finished movie!)

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

TOTAL: $3,455 Deposited to Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven March:  903

Fuel Costs: $24 Electricity 

Electric (EV) Miles Driven March: 775

Fuel Costs: $16

Note:  I don't recall any free charging this month. 

All charging (both cars) was done at home or at free chargers.

We did a Bay Area trip and didn't have to stop to charge.  !!  Without the crazy (below average) temps, we got a better range estimate.  We got a 277-mile range.  Drove 253 miles and still had an estimate of 24 miles left when we got home.  MH cut it closer on his last winter Bay Area drive (he did not stop to fuel that time either).  But this was the closest I had cut it (I was driving).  Since getting the hybrid and tracking more, I'd say our average Bay Area trip is 250 miles.  This means a 2x gas stop trip is now a 0x fuel stop trip.  (We received a bigger battery due to a recall, so this means more range on the car than what we originally purchased).  We always filled up on the way out and then stopped on the way home (gas cars) so we had gas for the work week.  It's divine not having to stop for fuel at all.

With MH back at work, we've figured out a charging groove.  As expected, I charge every night (for my commute) & MH is just charging his car up on the weekends.  This is for overnight (lower rate) charging.  We can both always charge whenever if we need more miles.  & clearly every weekend is way more than MH needs to charge. (He's getting about 350 miles per charge, with more daily driving and more stop-and-go).  But it's nice to have a habit set, and to not expend any mental energy re: car fuel.  I don't miss the days of schlepping to the gas station. 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Note:  I am always lagging a month behind because any bills charged in February will be paid off March 1 and reflected in my March numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects February spending & March savings.

This is what I wrote last month, which sums it up pretty well:

February ended up being a really good month and will be reflected by mega savings numbers in March.  Even with the purchase of a new mattress, March should go way the other way with more savings than spending.  

I was able to bump up my paycheck savings to $950/month with raise.  Added an extra $100 with retroactive pay adjustment (to catch up February).

GMIL always insists on slipping me $300 for doing her taxes.  She won't take no for an answer.  I probably usually somewhat count on this money.  Whereas this year the thought hadn't even crossed my mind and it was a surprise.  Probably just because I am not even used to MH being back at work and having all this extra money.  It's just extra extra money, at this point.  

I received this money the same day that we got the final edit for MH's movie project.  So that works our pretty nicely.  The final payment to the editor was $350.  Almost a wash.  

I Bonds were purchased this month.  It ended up being pretty fast/easy to set up. But I won't be reflecting interest numbers for three months.  We won't get any interest for first 3 months, because there is a '3 month interest penalty' if you redeem before first 5 years.  I will just wait until the interest $$ reflects on the I Bond value (starting July 1).  It will be 7%+ on $20,000 so will be a big boost to my interest numbers, the second half of the year.  & I am moving money over from investments, so this will be in addition to the cash interest we already have.  (I had some "cash" in my investment account basically earning nothing.  Want it very liquid because this is either going to be college money or 'next home down payment' money, presumably all spent in the next few years.) 

I cashed out this college money in late 2020 ($20,000).  Should have bought these I Bonds in November 2021 when interest rates hit 7%+.  & would have been wise to have taken advantage of 3%+ interest rates last May.  But I think 7%+ is what is pushing this to the no-brainer category.  It's getting my attention.  Making its way through the murky "I don't have the mental energy to deal with ANYTHING".  I might have been more on top of in better times.  But *this* is getting my attention now.

I can see that if rates stay high for a while that I may just consider this money to be emergency funds instead.  If we'd rather spend down 0.50%-interest cash in the short term.  & leave higher interest I Bond money untouched. 

March spending is done and paid for, so I have a good idea of how April numbers will shake out.   We somehow ended up net positive after a lot of expenses (a lot of insurance came due, some medical expenses, etc.).   The overall goal is to get some of these festival submission fees paid and movie stuff paid for while MH is working (out of his income).  He has the summers off.  

I still don't have much clarity on the college front for next school year.  They doled out scholarships to incoming freshman in March, but now I am hearing that we might not hear about scholarships until July, after grades post (for non-freshman).  So my mode right now is to just hoard money for college and movie stuff, and see how much we can hoard before summer when our income is reduced.   I do think we are about done getting MM(18)'s college paid for (even if he never gets another scholarship or gift).  Would just be nice to have more clarity on that front, so we can work on bigger picture planning and know if we have more freedom to move on to other financial goals.  If we know that we aren't going to touch his gifted college money ($30K), that is also just more financial pressure off of us for more long-term planning.   Just as an example, he's starting to talk about getting a car next summer.  If he has mega paying summer jobs and scholarships, we aren't going to sweat helping him with that.  If he doesn't get a big job this summer and he doesn't get a single scholarship, then we might want to come up with a few thousand dollars to help him.  Just stuff like that.  Is why it matters, even if we have full sticker price money set aside already.   & any money he doesn't need for college, is money that is already saved for DL(16) college, which is our next big financial goal.  So yeah, I am looking forward to more clarity.

Hell froze over and MH finished his movie!  We had a small premier party this week (for cast and crew).  After brainstorming and shooting down a lot of ideas, it ended up all coming together.   & I mean, I was willing to spend $1,000 on this party (particularly since we never did a wrap party).  Needing the space, a movie screen, catering, etc.  Most of the movie theaters were much cheaper, but just not a great venue to watch a short film.  Not a great place to cater or mingle.  In the end, the editor really wanted to show off on a bigger screen and so offered her place of work.  It was *perfect*.  We were quoted $235 for the space + projector.   We were only charged $200.  & we spent about $100 on food (including a custom cake).  So the grand total ended up being $300.  & I am sure I will absorb other party food costs in our monthly budget, but we spent $300 that was clearly just party spending.   

Next is submitting to film festivals and seeing if anything comes of that.  Now for the fun part!

If MH does get into any festivals, I plan to apply for travel reward credit card(s).

MM(18) came home for spring break.  I mentioned earlier, it was a chore week.  Dentist, ortho, taxes, etc.  He had a job interview that went really well (summer engineering job) but I don't think he has heard back from them yet.  It sounded like they would likely hire him but they are doing local State college recruiting this week.  Juniors/seniors will get higher priority (fair enough).   Now that his resume is done, he will probably attend his school's job fair this month and see if he can find anything else local.  If he doesn't get a formal offer by then. 

Before this job opportunity just fell in his lap, didn't really expect that he would be able to find anything local.  But now he's kind of intrigued and will see what else there is.  His girlfriend has a couple of job prospects here and one of them is remote.  So I guess that's also another interesting twist we hadn't thought about (remote opportunities).  The plan is absolutely to find a summer SF or LA job in future summers, but just wasn't the plan for this summer and didn't expect to find much close to home.  

MM(18)'s overall plans are to find a summer internship and to knock out one class at the community college this summer.   

I briefly mentioned that MM(18) had a girlfriend.  The girl he really liked went off to college in another state.  So when he came home winter break, dating his high school friend, MH and I were both kind of, "Love the one you are with."  Didn't think too much about it at the time.  But they are absolutely adorable.  Saw a lot of them together during spring break, now realizing this is actually serious.   & MH's family is starting to meet her and gush over her.  🙄  Was there last weekend and just heard how cute she is and that she can cook!  Like it's 1950.  Um, she is one smart cookie too.  But yeah, everyone loves her.  

I doubt MM(18) would have come up for Easter, but now everyone wants his girlfriend to come to Easter!  It's only half way (between here and college) and so it's not a bad drive for them.  So that is an unexpected turn of events.  Heck, I am surprised she can make the time.  (She is working, in addition to an intense field of study, many clubs, etc.). 

{While it's mostly impossible to have a car as a freshman, girlfriend's sister has had some unfortunate medical stuff randomly come up and got a medical exemption.  So they have a car and MM(18) now has easy transportation for breaks and Easter weekend.}

If MM(18) didn't go to school in paradise, we'd probably leave it that we wouldn't drive down again until we pick him (and all his stuff) up in June.  But I would like to go down in May some time for a mini spring break.  So we might get to see MM(18) a couple of more times before school is out.

Reminds me, my niece is there with MM(18) today.  She applied to a bajillion colleges and today I heard that she has narrowed it down to two!  MM's college is still in the running but apparently her second choice?  Will see how she feels after this weekend.  They are having a big open house for the accepted students.  It would be so nice if they both ended up at the same college, but doesn't sound the most promising at this point.  I am looking at the calendar, I guess she has three more weeks to decide.   

Well, my big plans for the weekend are to do everyone's taxes.  DL(16) still needs to get his taxes done.  (He's my difficult child, so will just have to make him get this done at some point). Then GMIL and my parents.  I dodged a bullet.  Sounds like my in-laws were going to need help with their taxes but figured it out.  Completely foreseeable but just nothing I had really thought about.  I should mentally add them to my future list.  FIL usually does their taxes but he is slowing down.  

I guess MH is feeling pretty free with his movie being done.  I had told him I would go to the movies with him and to a concert tonight.  He started talking about the movie this morning and I am just, "Not today."  But now I feel obligated to do that tomorrow.  

This is just adding to the "busy" feelings.

I should be over the hump at work.  Knock on wood!   Getting past all the year-end stuff (lots of tax returns, etc.).  I'd probably take the first week off in May, but my boss had already claimed that week off.  So I went for mid-May.  Just to have a break and try to get caught up on stuff around the house.  Counting down the days...

Oh yeah, and fingers crossed...  DL(16) is working on his driver's permit.  Hoping that he can get it this month.  Just one more thing, but MH is handling all of that.  Still, it adds a bit of extra excitement to the mix.  

Work is very busy right now.  

We are hosting St Patty's day dinner so things are busy at home.  MH handles all things food but I am trying to get the house in order.  I got out of my funk last weekend and got our taxes done and also started on getting the house cleaned up.  Phew!  Will spend this weekend doing the rest of the house prep.  I've probably said before but my "clean when guests come over" cleaning style hasn't worked particularly well in recent years.  Not enough guests coming over.   

MH received a $100 bonus from work, for being vaccinated.  They announced this a long time ago but I just confirmed it was in his check this past week.  The red tape took some time. 

MH also just figured out he can borrow video games from the library.  Nice!   He picked one up yesterday and it's due in 3 weeks.  

I was nice and filled up MM(18)'s car with gas.  I figured might as well before gas prices got worse.  Just had a mostly empty gas tank sitting there.  MM(18) is covering his ride home for spring break and it will be expensive reimbursing his friends for gas.  I could see him not bothering to come home but he has a job interview and several appointments (dentist/ortho, etc.).  & he will need to get his taxes done.  It's going to be quite the chore week.  

DL(16) joined/formed a band.  He only picked up guitar a few months ago but it comes very easy to him.  He's been wanting to join a band for a while so this is exciting for him.  These are kids from his art school, so they are mostly interested in writing their own music.  It sounds like more of a punk band but DL is trying to move them to more his style, whatever that is.  Loud and electric, either way.  

This is another post for another day, but DL(16) is starting to express interest in an accounting degree.   🙄  I mean, that's easy because is something that I know.  Before I would have told you *no idea*.  Maybe economics or political science.  No idea where those good schools are because everyone in my family studied math, accounting or engineering.  Or teaching.  That's about it.  We have some strong genetic tendencies. 

I roll my eyes because MH and DL are the two most creative people I have ever met (but also probably admittedly two of the most practical/responsible people I have ever met).  DL is just his mini me.   I have always been horrified how MH's family treated MH (did not value at all the arts or his creativity).  *sigh*  I had so many hopes for DL(16) with our full support.  Spending *7* years in an art school that values creativity and has college and career counseling to that end.  All that, and DL is just going to get a business degree like his father!?

I was legit horrified the first time he said this to me.  (I can't imagine him actually being happy with that career route, and I am horrified how we have failed to find any middle ground for him!)  But fair enough, there's a lot of accountants in my family and maybe he has some of those genes.  I am warming up to it.

& obviously he has a lot of time to change his mind.  Will see...  But mostly it sounds like they both took entirely different routes to the same end.  

On the college front, it's probably going to be community college.  He's always liked the idea of free college.  But as he gets closer, the more I tell him all the red tape he can skip/delay just going to community college...  He's all in.  & even this, will see...

I had this light bulb moment this past week that we are ready to buy I Bonds.  It's always been a "later" thing when we have more money.  Most likely after college and mortgage pay off.  Though as I type this out, it probably would be pretty smart to put most of our "emergency funds" in I Bonds.  (This is money we are personally never going to touch unless of a more catastrophic type emergency like job loss).  I guess something else to keep in mind.  

I am feeling a little "duh" about it because the annual max is $10K per person and we have $20K earmarked for MM's college expenses.  It was invested and is now languishing in our investment account earning probably 0.01% interest.  We just happen to have the max amount?  & why didn't I figure this out before?

At this point anything's better than sitting in investment cash account earning nothing.  I think this is perfect money to use to dip our toes into I Bonds.  It was also something we were discussing re: windfall money last year.  I understand there are educational benefits (tax free interest) but this is for MM(18) who likely won't have any tuition payments to get the tax benefit for.  

It sounds like a lot of red tape to get set up, so it's going to be a while.  Maybe in May I will have the mental energy for that, and some of why I wanted to write it down.  I also have $20K loosely set aside for DL's college, so might do another $20K next year.  (It's invested but admittedly should be moved to something more conservative soon). After that, might circle back to our emergency funds.

One last thing while I am thinking about it.  I was surprised when my friend told me her sister bought some land and a mobile home.  About $400K?  I was surprised because most her family had moved to Texas and was enjoying the lower cost of living.  Her sister works remotely (did so long before the pandemic).  Sister is early 20s.  It was shocking that she decided to stay here.

So I ask her the other day, "Did your sister move in?"  She told me no, they wouldn't let her.  What does that mean!?  Turns out the mortgage payment was 100% of her net monthly income.  She was approved for up to $625K loan on $80K income?  ???  The mortgage was $3,500 per month (for the $400K loan).  Her siblings were able to talk some sense into her and she backed out of the purchase.  It helped that there were other issues with permits and foundation.  I said, "Wow, that sounds like bubble territory."  I haven't been paying too much attention because interest rates are low and the vibe is so different than the last housing bubble here.  It may just be earlier in the cycle, before everyone completely loses their heads.  But this is all sorts of red flags crazy.  Which I guess is exactly what happens when prices are absurd and everyone get desperate.  

Received $25 bank interest for the month of February.

Snowflakes to Investments:

--Redeemed $37 credit card rewards (cash back) from our grocery card 

--Redeemed $85 cash back on Citi card

--Redeemed $6 on dining out card

Other Snowflakes to Investments:

+ $4 Savings from Target Red Card (grocery purchases)

TOTAL: $132 Snowflakes to Investments

401k Contributions/Match:

+$800

Snowball to Savings:

+$600 MH Income

Savings (from my paycheck):

+$850 to cash (mid-term savings)

Pulled from mid-term savings:

-$5,719 College Expenses

- $500 More College Expenses

- $600 Mattress  (used MH's income towards a new mattress)

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

+$  175 Insurance Rebate**

-$1,380 Various Insurance

-$  260 Dentist

-$  266 Annual DMV Registration (Hybrid)

-$   80 Miscellaneous

TOTAL: -$4,723 Net Withdrawn from Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven February:  704

Fuel Costs: $20 Electricity 

Note:  I'd estimate my commute at 800 miles per month.  Short month and a couple of days off.

Electric (EV) Miles Driven February: 486

Fuel Costs: $14

Note:  I don't recall any free charging this month. 

We also didn't have an opportunity yet to test out the bigger battery on a longer drive.

All charging (both cars) was done at home or at free chargers.  

Note:  I haven't noticed any gas price changes in months.  Whenever it comes up online, I look at Gas Buddy.  I think as with many things, prices are already high here and so are slow to change.  I share because in the last day our gas prices went up 50-cents per gallon!  At the super cheapie gas stations we frequent(ed).  Last night I thought it was a typo or maybe premium gas, but the other gas station shot up 40-cents today.  So it's official, our gas prices are getting crazy now. 

Of course, I don't want to pay even $4/gallon (much less $5/gallon) for my commute, which is why we bought the hybrid in the first place.  

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

**Insurance rebate was for disability & life insurance through professional association.  The annual rebate was much lower than usual.  I presumed that is due to the pandemic.  I later got an email confirming this.  More life insurance claims last year.

Note:  I am always lagging a month behind because any bills charged in January will be paid off February 1 and reflected in my February numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings). So this update reflects January spending & February savings. 

This is mostly how it goes but I have two exceptions for this month:

1 - DMV.  Ugh!  After many many years of accepting credit card payments with no charge, they switched to charging a fee for payments.  This was before the pandemic?  Keep hoping they switch back and surprised they have not yet.  This bill is not due for a couple of months but I don't want to keep track of it, I just want to get it paid.  So I had to move money for this cash expense.  Paid in February.  Couldn't just charge it and pay it off next month.

2 - College Expenses.  Have to pay cash.  Again, could have paid later but I prefer to pay a couple of weeks early and to just pay the quarter in full (versus dealing with more frequent payments).

College Expenses: Paid for final quarter of freshman year.  This is roughly $730 tuition (will be completely offset by college tax credit) + $3K rent + $2K food. 

After that was done, MM(18) pinned me down to pay a $500 deposit for housing sophomore year.  I knew that was due soon, but thought I might have a couple of weeks of breather.  This is the only deposit I have to pay for next year?  Nothing else should be due until September. 

College Big Picture: 

A - I have money set aside to cover rent next year. 

B - Gifted funds are set aside for tuition, if needed.  Worst case sticker price is $20K for remainder of 4-year degree (tuition/fees).  MM(18) has $27K gifted funds.

C - We do also have $20K set aside to cover rent for last two years.  & we are still working towards saving college money for the next 16 months (basically spending sophomore year saving up for MM's junior year).   This is just in a "prepare for the worst" vein and our final contribution before we shift focus to DL(16)'s college expenses.

D - Waiting for scholarships & MM's summer job to sort out for more financial clarity.   

Another Note:  MH had a lot of time off work this month (just slow at work, plus some seasonal time off).    

I did throw MH's one paycheck towards the mattress; his March paychecks will pay for (most of) the rest of the mattress.  That and my raise should do it.  (I've already paid off the credit card, so technically just paying ourselves back in March).

February ended up being a really good month and will be reflected by mega savings numbers in March.  Even with the purchase of a new mattress, March should go way the other way with more savings than spending.  It was nice to enjoy some rare breathing room we put in our budget this year, so it felt a little splurge-y while also being able to keep aggressive savings goals.  I am sure the short month helped, and also just nothing really came up (by some miracle!?).  

I received a 5% raise this year, in addition to an extra week of vacation (putting my vacation time back to what I was used to at my last job).  I was more than happy with all of the above.  Certainly better than the usual 3% COLA raise.

After 20 years of January 1 raises (across multiple jobs), I certainly didn't expect a pay bump again until January.

But my boss was being silly and for whatever reason was looking at things and felt like he should have bumped me up to the next big round number.  (He felt bad about this).  ❓  So I got a $2K raise!  Woohoo!  Retroactive to January 1.

How's that for random!?

This is turning in to a "have my cake and eat it too" year.   I made the very unusual decision to lower our savings amounts and to increase our spending this year.  Increasing spending is not something we do, nor is decreasing savings.  I guess both were weird, but we lost a big tax credit this year, so I wasn't able to even add $100/month to our spending budget without decreasing savings goals.  

I'll be able to bump up savings by $100/month (with raise) and will start reflecting that in my March numbers.

The theme has changed:  Life is chaotic and difficult, but finances are... okay?

I hadn't commented lately and probably just wan't very conscious of how terrible things have been.  Because relatively, things have gone done a few notches and were a little easier.  Phew!  But I took a 4-day weekend last weekend and had some time to slow down and reflect.  2021 was terrible and 2022 isn't off to a great start. 

So I figured I'd copy and paste one of the other bajillion times I wrote how terrible things were going.  But all those other times it was, "Everything sucks but finances are great!!"  This time around, finances are fine/good.  Maybe both sides of the coin have been taken down a notch or two.  

Taking time to slow down and reflect was good.  I actually just retreated into my cocoon last Saturday.  Wouldn't be surprised if I ended up in bed for 3 days, but I felt so much better the next day.  Phew!  My takeaway is to completely give up on this "Reset" I have been trying for since 2018.  I am in survival mode.  It's just one foot in front of the other.  

So that's a bigger picture update.

It's not all bad.  Like I said, things have gone down a notch or two.  February ended up being productive on many fronts. 

We finally did it!  We replaced our 22yo mattress.  We went shopping a few years ago and just couldn't decide on anything.  Felt like such a big/scary purchase.  This time around we were able to be more decisive.  Anything is better than what we have, at this point.  (Maybe just weren't quite there yet, last time.  The old mattress felt like a cloud for the first 15+ years so I have dreaded trying to find something that could compare).  We doubled our budget this time because we just wanted to get it done.  & I mean, we just pulled a number out of the air that morning.  It was a starting point, we have the cash for whatever. 

We ended up buying a higher end mattress that had been returned.  60% off and was so obviously "the one".   

I personally just wanted to figure it out, make the purchase.  Didn't have any high expectations on delivery timelines with the state of the world these days.  But I guess that was also a nice perk of buying a returned mattress.  We had it delivered and set up a few hours after the purchase.  So life can move on...

February was also successful re: adding breathing room to our monthly budget.  It does work better when you have a full month of new raise (versus just 1/2 month). 

We have $125 monthly breathing room that we are just leaving more for eating out and going out.  A line item that we've never allocated this much money to, before. 

February ended up being $108; the breathing room was divine.   

**We tried a sushi place by our home that was *so good*.  (Went there for lunch when MH was not working).  It's right next to our favorite restaurant.  Which I expect is one reason we had never eaten there.  It's apparently been there forever.  *This* is what I want to get out of the breathing room, finding these places that are right under our nose.

**Mid-February we went to the art museum (free with membership) and had lunch at a bar in the old downtown by the river.  The food was "meh".  This is a reminder of why I dislike spending money on eating out.  But having the breathing room, being more relaxed about it, and this not being our 'only splurge for the month' helped.  It's going to be hit and miss; this breathing room is about the journey.

**Went to a foreign film (free with gift card)

**Went to a play

In the end, got completely unexpected good money news this week already.  So maybe I was too quick to label finances as just "okay".  Next post...

Getting through "started but not published" posts.  This is the last one.  I did a DL(16) money update about a month ago, but here is the MM(18) update.

MM(18) had a one-month job lined up that would net about $3,500.  This was last August.  It fell through but was probably for the best.  He likely would have quit with the fires and terrible outside working conditions.  He was able to make $1,500 doing temp work in my office.  An employee went on a long international vacation and he had been helping us out the prior two years.  He was the obvious go-to for a summer temp.

No one in our families had "gone away" to college, particularly for freshman year.  So we agreed that MM(18) should not work while he gets his bearings.  It was just a lot, even if he is very adaptable and I am sure he probably would have been fine. 

In the end, we have decided that working is penny wise and pound foolish.  Probably not in the ways that would be presumed.  MM(18) would have no problem working and getting all As.  But I heard it was feasible for freshman to get very high paying summer internships.  I wasn't going to hold my breath on that one.  But it's quickly becoming obvious this is true and the *why* of this is true.  MM(18) is spending his ample free time joining clubs.  He is building an electric car from scratch and also working on the engineering side of an art installation.  Those are his two major projects.   Not only is he getting very practical experience, but he's networking.  The first few weeks of college he had already met several juniors/seniors who are moving on from their internships, and attended networking events with big name companies.  So it seems pretty pointless to work during the school year for very few dollars, when he can make $15,000 over the summer (without balancing work/school).  

Current Job Situation:  ??????  Weird re: Pandemic

I copy and pasted what I wrote about DL(16).  Just because he *can* get an internship this summer, doesn't mean much.  MM(18) told us a while ago that he didn't expect he would want to get an internship this summer.  & I mean, he was presuming they would mostly be in LA or SF.  In addition to being more difficult to get as a freshman.  We are fine with that.  I honestly don't think he will ever move home again, and so it will be nice to have him home this last summer.  

This is just a completely random/new development, but MM got a lead on an internship here and has a job interview during spring break.  It's extra random because this company is right next door to mine (shares the same parking lot).  Talk about a small world. 

Anyway, with the job falling through last summer and the pandemic and everything, I expected things to be pretty tight for MM(18).  It's been made extra complicated because he's aged out of his 7%-interest account.  That was another $500 I thought he'd have access to this school year.  But though he's clearly aged out (it says so on his statements, that the interest rate is only something like 0.02%) they are still giving him 7%!  So of course he doesn't want to touch that $500 as long as he is getting mega interest.

In the end he only spent $200 his first school quarter, and the vast majority of that was finals week when he finished like on Monday and waited all week for a ride.  He gained a girlfriend and she had her car.  So they went out shopping and went out on a date (he paid for an expensive meal).  If not for that, he probably would have spent a whole whopping $100 for the quarter.

He is enjoying the all-inclusive lifestyle (and lives in paradise).  There is no lack of things to do.  He's been back for 6 weeks and the only thing he bought was books for the second quarter.  I am just checking his bank balances.  He has about $800 left.  So he roughly started the school year with $1,000 and is left with $800 to get through the next 4 months.  I think he will survive.  During school, he's just too busy to spend money.  & I am glad he splurged and enjoyed a bit when he did have some down time.  During winter break he was recovering from wisdom tooth surgery, and his high school friends seemed mostly interested in hanging at each other's houses (I expect due to several reasons.  If nothing else, never got in any habit of "going out" during the pandemic, in addition to maybe being enticed by parents who wanted more time with their kids.  MM was offered a lot of free meals).  Whatever the reasons, he didn't spend any money when he was home.  

MM(18) also has $5,500 in super high yield savings accounts.  I just know he doesn't want to touch any of that if he doesn't have to.

So the summer job thing is a big question mark at this point but he has some possibilities.

MIL usually gives the kids $1,000 per year for their college savings.  Because we are paying for tuition/room/board, I think I am probably going to give MM(18) this $1,000 to cover spending money his sophomore year.  Just some, "if you don't get a job this summer" insurance.  It seems the best use of this money at this point.   We already have funds set aside to cover his last 3 years of college (presuming worst case of no scholarships).  I'd rather utilize this $1K as "not having to work" money. 

This electric vehicle recall was a roller coaster I just didn't have the time or energy to blog about.  Plus, easier to post the whole story when we have some resolution.

I also don't remember a lot of the little details and roller coaster, so maybe it's for the best.  

We bought our 2017 Bolt in summer 2020.  At some point after that, Bolts were starting to catch fire.  Probably some fires before then, but hindsight 20/20 it makes sense why those started to be a problem (more numerous) in late 2020.  Will get to that.

I distinctly remember thinking, "This can be really good or really bad."  Really bad = burning down our house (and/or starting the next CA mega fire).  Really good = getting a new battery!

Happy to come out the other end with the "really good" outcome.  

As to the roller coaster...  

They first tried to fix with a software patch but that didn't work. 

I remember it was July 2021 because MH was in Florida, when they announced that they would start just replacing batteries.  At the time, this was just 2017-2019 models.  A few days later a 2020 model caught fire.  !!!  So it quickly felt very back to square one.

I have to back up and say that if this was any other car we would have sold and moved on.  But there are no other (useful) electric models on the market in our price range.  Going back to a gas car is out of the question.  We would be miserable.  About the best compromise we came up with is maybe getting a second Volt (hybrid) for a while, until they sort this out. 

We did get into the queue a long long time ago, for GM to buy back our car.  They were crazy slow, which we were fine with.  We just wanted to be in the queue and don't know if that helped us move up the line for battery replacement.  The "buyback" was probably pretty useless.  We bought used and could do much better on the resale market right now.  We paid $17K for a car that's worth like $23K today.  The buyback would have been $17K minus some useage.  But we just wanted to be in the queue, express our concern, and didn't know if used values might falter through this mess, etc. (if GM would be the best offer to sell the car). 

Of course, we were very seriously considering investing a lot of money and trading up to a 2020.  Just to be out of this mess.  I am so relieved we didn't go that route.  (That was before we knew 2020 just had the same problems).  

I think once that 2020 blew up, GM just put all hands on deck.  It seems pretty quickly after that they really narrowed down the problem.   We were never overly concerned because the fire risk was pretty average for the 2017s.  The problem ended up being a 2-month manufacturing period of the 2019 model.  Those are something like 30 times more likely than the average gas car to catch fire.  😱  Obviously they fixed all of those first, and then are moving backwards to the oldest cars/batteries.  

The end result is a 5-year-old car with a brand new battery and a new 8-year warranty.  The new batteries are bigger and have a longer range, so we also have added more range to our car.  The EPA rating on the old battery was 240 miles of range, but we were consistently getting 260.  & I mean, mostly freeway driving (which is the least fuel efficient on electricity).  If MH just drives to work (city streets) the car might go 400 miles on one charge.  (Braking regenerates electricity, so the fuel efficiency is backwards of what you think re: gas cars.  Traffic and lights = more range).  

Old Battery = 60 kWh

New Battery = 66 kWh

That's a 10% increase in range!

Our 260-mile real (freeway) range is probably now 286 miles. 

We have not been able to really test this out because it has been unusually cold.  We were able to get 250 miles on Christmas Day (unusually cold) and it was freakishly cold the day MH drove the kids back to college (January 2) .  

December/January is our winter.  This should be more interesting the rest of the year.  & MH was able to do a Bay Area roundtrip without stopping for fuel.  He did this on January 31.  I imagine this will be much easier most of the year (with warmer temps). 

Edited to clarify:  During the recall we couldn't charge below 30% or above 90%.  So we weren't able to (easily) drive the electric vehicle to the college.  (Deep discharging and/or full charging was a risk factor with the fires).  Thus, some gas spending in 2021 that I am not expecting in 2022.  

In 2020 we spent $115 on car gas, for the hybrid car.   It looks like we did 4 Bay Area trips before we bought the all-electric vehicle in late Summer 2020.

After buying the electric car, I spent a whole whopping $6 on gas.  This was for a couple of gallons just to keep the hybrid in good condition.  I consider that more of a maintenance expense than a fuel expense.

I expect that 2021 would have been a $6 gas year.  We are to the point we are driving 100% electric.  But we had to put the electric car on hold for longer trips.  Which probably would have been completely N/A for us, but then we were driving MM(18) to/from college 300 miles away. 

Total household gas spending 2021:  $348 

 $29 of this was putting gas in the kids' car.  MM(18) was dragging his feet spending his own money and then MH needed the car a couple of days while his car was getting the battery swapped out.  Knowing he'd be driving the gas car to the dealership and back, etc., he just filled up the tank.  

That leaves $319 gas for the hybrid.    We spent -$0- on gas from January through August (hybrid) and then spent that $319 the last 4 months.

That's for 5 college visits (600 miles x5) & two Holiday trips to the Bay Area.  We've done plenty of Bay Area driving trips in the all-electric vehicle, but MH was getting more wary towards the end.  Technically we weren't supposed to drop below 30% battery capacity but was getting pretty close with the Bay Area trips.  It just depends how much we were driving around and visiting relatives when we were there.  

Oh yeah, and I put a couple of gallons in during the middle of summer.  The gas level in the Volt dropped below 40 miles? and the car just kept beeping at me.  But what pushed me over the edge was I had never done the remote start before and started doing that during the summer.  Don't ask me why it took 3 years to figure that out (makes 110F summer days much more bearable when you can just cool off your car first!).  So the remote start stops working one day and I quickly realize it's disabled once the fuel level is "low".  🙄  Which makes sense obviously for a gas car, but makes no sense for a car in electric mode that uses basically no energy to run the A/C.  So that is why I added some gas in the middle of summer.  

I am hoping that 2022 is a $6 gas year for our household.  

Of course, the next question is how much are we paying for electricity?  I have no idea!  I am behind on my estimates, and some of that is because we stopped charging the EV overnight (due to fire risk/recall).  & I am just behind, because of life.  I can probably extrapolate all overnight charging to my car and just try to come up with an equivalent to cover MH's miles.  But then I'd have to convert to higher daytime charging rates.  Still, it should be quick to work through the last few months, I just have too many higher priorities at the moment.  

I will share when I have those estimates.  But mostly, I had been running all my projections based on $4/gallon gas.  Which I felt was quite conservative at the time (when we bought the hybrid in 2018).  Figured gas had nowhere to go but up.  The pandemic has stalled gas going up, but clearly it is happening now.  Anyway, at $4/gallon we pay roughly 1/3 that cost (for electricity) when we charge our cars overnight.  When we pay full price while traveling, that was usually about 1/2 the cost of gas.

The college trip is quickly becoming a free drive for us, with the electric car.  So that might go from a $55 (hybrid) gas trip to a $0 electricity trip.   (Maybe $10 is you count charging up at home before and after).

We came home on the I-5 after taking MM(18) back after Thanksgiving break.  We hadn't gone that route in many months and we were surprised how many new chargers there were.  

Free chargers are popping up at all of the rest stops in our state.  There was one by the college we kept stopped at and using, but now there's several on the I-5.  

Electrify America gives away free electricity during Holiday weekends.  !!  The charging was free from something like December 22 - January 2nd.   

Before this recall detour, it was on my list to some day try a free drive down to the college.  I've seen many people posting they've done free fuel drives from Northern CA to Southern CA.  But usually the free places are kind of in weird places.  Not as convenient as just stopping and charging while you eat.  But we were up to the challenge and is something we wanted to do. Anyway, it seems kind of moot now with free chargers all over the place.  I mean, will still take advantage of the free charge, but it just won't be much of a challenge.

Edited to add:  I started this post a long time ago and just hit publish.  I will start sharing monthly car fuel spending, so it will become pretty clear how much less we are paying for electric fuel.  I did share January #s in my January post.

Received $27 bank interest for the month of January.

Snowflakes to Investments:

--Redeemed $32 credit card rewards (cash back) from our grocery card 

--Redeemed $97 cash back on Citi card

--Redeemed $15 on dining out card (also used for groceries)

Other Snowflakes to Investments:

+ $15 Savings from Target Red Card (grocery purchases)

TOTAL: $159 Snowflakes to Investments

401k Contributions/Match:

+$515

Snowball to Savings:

+$375 MH Income

Savings (from my paycheck):

+$800 to cash (mid-term savings)

Pulled from mid-term savings:

-$215 Medical Expenses

-$180 Target Gift cards on Sale

Short-Term Savings (for non-monthly expenses within the year):

+$1,500 to cash

-$1,100 Home Insurance

-$ 630 Dentist

-$ 290 Auto Insurance (Kid Car) ~ paying for this while MM(18) is away and DL is not licensed

-$  78 Pest Control

TOTAL: $883 Deposited to Cash and Investments

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Hybrid Miles Driven January:  668 

Fuel Costs: $12 Electricity 

Note:  Extra low fuel month because this is net of $11 work auto reimbursement (for driving 19 miles).  

Electric (EV) Miles Driven January: 1,392

Fuel Costs: $20

Note:  EV includes 500 free miles.  MH was able to get free electric charging when driving MM(18) back to college after New Years (we paid for the fill up before and after, at home).  In addition, MH got 50 free miles (x2) at the movie theater. 

All charging (both cars) was done at home or at free chargers.  

MH was able to do a roundtrip Bay Area drive without stopping to fuel.  (We got a newer/bigger battery due to recall and so the car has more range now).  I expect this will be easier the rest of the year but was cutting it close in winter.  Range is reduced in colder temps.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I stopped doing these updates in 2020.  I don't remember why. 

Since I am not blogging very much I decided to go back to this format.  At the least, I can do a monthly snapshot.   & I will add the driving data now that we are mostly driving electric.  With rare exceptions, we are driving all-electric at this point. 

Notes:  I am always lagging a month behind because any bills charged in December will be paid off January 1 and reflected in my January numbers.  I charge in one month and the next month I figure out how to pay for everything (if I need to pull anything from savings).  So this update reflects December spending & January savings, if that makes sense.

UGH, January was terrible on the spending/savings front.  But I suppose it was complicated by only receiving one paycheck in January and executing new 2021 budget with only one paycheck (of raise).  February might even out with the shorter month.  It's just a bummer we didn't utilize MH's high income month and save most of his income, but we had too many expenses.  I think I am just feeling too much squeeze.  The pendulum clearly swung after him being off work (no unemployment) for 6 months and just starting to feel like he may actually have a job this year.  So there were a lot of purchases that we felt we could do.  But on the flip side of the coin he is off work now and I don't expect any MH income for February.  I have paid bills through 2/28, presuming no extra income.  So it's a little squeeze on both ends.

We spent way too much on dining out, purchased some clothing and pet items, and also bought a set of pots and pans.  My future self will thank me though.  I probably would have bought just a couple of sauce pans, but I found a nice set for $250 and am keeping the rest for MM(18).  He will have a kitchen/apartment next school year. 

My primary goal is to hoard more cash for college.  We have next 18 months mostly covered.  But of course, want to be more ahead of the curve.  And/or have extra funds for anything else that might happen.  

Secondary goal is funding MH's movie.  It just came up over the weekend.  Will probably pay $350 to the editor this month.  As the movie wraps up, talking about doing a screening party.  Not sure how that will end up but I am encouraging MH to just go all out for that.  To-date we haven't spent any of our own money and we can probably consider the screening a gift from his grandfather.  & then there's talk of festivals and travel, but I think we can absorb a lot of that (frugally) in our (small) vacation budget. 

These are the two big things we want to hoard some cash for. 

If I seem a little blindsided by the movie (less prepared), it's been infinitely jinxed and delayed.  So it is very sudden that there's talk of wrapping it up, and will see if it does actually wrap up in the next couple of months.  🤞 

Today is payday.  Already paid the rest of the February bills (with float).  But needed my paycheck to pay off the big credit card.  We like to pay everything ahead and basically start the beginning of each month debt free.  So I will pay off that credit card right now.  I set all my credit cards to a monthly cycle and just pay them all off the first of every month.  None of this "waiting for statements and due dates" nonsense.  But the monthly credit card cycle is how I have to do it for my accountant brain.  That, and also managing multiple credit cards.  This just keeps it very simple.

Note:  Now that MM(18) has multiple credit cards, I should probably teach him this trick.  You just set the due date so that the card runs for roughly a monthly cycle.  If it closes a couple of days before the end of the month is best.  You can always prepay the charges for the last few days of days of the month.  All my credit cards close around the 28th of every month. 

Our taxes are done.  Just waiting for software updates so that I can file.

We had a San Francisco weekend planned with 5 shows, this weekend.  This was canceled a while ago.  Seemed overkill at the time, but now I am not sure I would have gone.  COVID has been rampant in our zip code and circles.  

Instead I am working and tending to long put off chores.  What a slog.  This is the complete polar opposite of what I thought I would be doing this weekend!

We had made the decision to put more breathing room into our budget and to do some more going out.  Between "crazy busy" at work and COVID and everything, all of that is on hold.   Will see how things feel in another week or two.  

MH is off work for a couple of weeks.  It's his usual winter break, but seems later this time.  I asked him if he thought he'd even be going back in two weeks.  He actually thinks so, said nothing had been canceled.  Will see...

DL(16) is starting to get college mailings.  How is that even possible!?

I've heard that it's virtually impossible to get life insurance after a brain tumor.  It's not cancer and it's not life threatening (while being watched/treated).  But the underwriters just lump all brain tumors basically under the worst category.  

Anyway, the standard question is if you have had treatment for a tumor the past 5 years.  Since MH's tumor is *finally* shrinking and it's been 5+ years since he has any treatment.  We tried...

Just got the denial back.  Not particularly surprised.

So thankful we had our ducks in a row so young and we have had more than ample insurance.  Like many things, we will survive and work through it.  The insurance we do have expires in 3 more years.  & we've got probably 5 more years to get kids through college.  I was just concerned about that 2-year gap, but wanted to get insurance while things were actually going well. 

Considering we lived without MH having an income at all for 13 years, I think we will survive.  😉

The reason we had life insurance in our early 20s?  Well I think a lot of it was because we had kids in our early 20s.  (Wouldn't have seen the point of life insurance when we both worked full-time and lived on only one of our incomes).   But I think probably more to the point my mom was always taking care of her sick friends.  So my childhood was skewed where I feel like everyone's parents were always dying.  & some of them did not prepare at all and really financially struggled.  Between that and crazy cheap term life insurance in our young 20s... 

I cringe how much the average person puts this off.  But I have the double whammy of the skewed childhood and a spouse who has been uninsureable since early 30s.  I just wanted to share the news/update, but now that I type it out, this is also my PSA to go buy some freaking life insurance.  (Specifically, if you have kids or people who rely on you financially). 

For us personally, we can re-evaluate in another 3 years.  When we hit that gap, we can try one more time.  I know some with this condition have gotten insurance.  I just don't know if it matters enough.  We went the easy route and it didn't work.  Will have to evaluate if we want to put more time/effort/energy into this.  Weighing the cost/benefit, etc.

I am memorializing goals in my sidebar.  Unfortunately, this site is not allowing me to just cut and paste my sidebar goals.  So whatever, will just put some in another format and type it out.  

Pay cash for college ✔

In the end, MM(18) followed in his parents' footsteps and chose a public college that is impossible to beat from a cost/benefit standpoint.  I always say that about my alma mater but MM(18) has chosen a similar degree/route (at a different CA State college).

I suppose we didn't have any idea where he would end up last January, but we never considered any colleges that we'd have to go into debt over.  

$12K to Savings ✔

Final tally was $16,000.  The plan was to use this money to pay cash for college.  At the end of 2021 we had -$0- cash plus emergency funds.  So that's about how it sorted out.  That we had just enough to cash flow college (without tapping any prior years' savings/investments). 

We probably would have fared better on this goal (with unexpected unemployment funds and stimulus, etc.) but it was a really expensive medical year.  We basically saved $25,000 but spent $9,000 on medical, which nets out to $16K saved.

I hope this makes this our worst college year.  For future years we have all of MM(18)'s college costs saved (already) and this was a really one-off medical year.  

$2K to Investments ✔

Funded with snowflakes.

I had been feeling very "meh" about this goal.  Probably stopped throwing our snowflakes into investments once college started.  But I do count dividends and it was a really big dividend year.  That was enough to encourage me and I threw something like $250 of our windfall to top off this goal.

$1,200 to Mortgage ✔

I hit this goal with a lump sum at the beginning of the year.  

We then threw an extra $12,615 with the cash gift we received end of December.  

Why $12,615?  It was an even $20K mortgage paydown for the year and left just enough windfall to cover college expenses for the next 18 months.  

The $12,615 extra payment shaved off 2 years of payments and $9,500 interest.

9% Income to Work Retirement Plans ✔

MH and I both contribute the minimum for 401k match.  The 9% includes employer contributions.

$12,000 to IRAs 2021 ❌❓

Not sure on this one.  We sent $12K to mortgage instead.

I was very happy to get a redo.  We ended up doing 33% of my income to retirement in 2020 due to a nasty tax cliff.  Then unemployment was made tax-free retroactively and we didn't need this tax break at all.  No way I ever would have tied up so much money in 401K if I had known!  So I appreciate the redo.  Will average 21% to retirement both years, which is what is important.  Anything more than that...  Meh.  We are way too retirement heavy.

We also don't need the tax break for 2021.  Taxes ended up going way the other way in 2021.

To be re-evaluated in April.  I left it as a question mark because I just don't know.  Will see how things shake out the next 3 months.  We have until April 15th to lock in this decision.   (We are saving a lot, but MH's job is also very iffy re: pandemic surge).

Edited to add:

Also hit two longer term goals this year.  What a year!

**$500K+ in retirement funds (by age 45) ✔

**$1 Mil+ Net Worth ✔

Note:  I didn't have a timeline for the net worth goal, it's just a nice milestone.  Retirement goal was extremely aggressive when made.  I swear that "thinking it" is 99% of the battle when it comes to goals.  Not to underscore the planning and hard work, but the aggressive goals seem to work in the subconscious background and find a way to work.

I am going through updating the kids' Quicken accounts and so can do a snapshot of where they are at.

Firstly, DL(16) is done with his allowance.  I turned it off January 1, same as I did for his brother (when he turned 16.5).  & the only reason it took that long was some miscommunication between MH and I.  Probably should have just turned it off at 15 when they had their first jobs.  

Our attitude about "allowance" is it was a tool for the kids to learn about money when they had no source of income, but we don't see the point at all in our high minimum wage state, once the kids are of working age.  We'd maybe reevaluate with this whole pandemic situation (not sure if either of my kids will be working this summer).  But...  The other part of the allowance equation is that my kids don't spend money so we basically never increased their allowance from when we started (age 5).  At the end of the day, is this $150 per year ($3 per week) going to make any difference in the grand scheme of things?  Nope!  Makes it easy to just move on.

Income/Spending:

DL(16) earned $34 interest (7% interest rate savings account)

+$156 Allowance $$

+$216 Gift Money (Birthday/Christmas)

+$1,024 Salary (very small summer job, something like 10 hours x 6 weeks) 

- $90 Payroll Taxes

-$10 Gifts

-$78 Clothing Purchases

Net Saved: $1,252

Current Job Situation:  ??????  Weird re: Pandemic

Driving Situation:  ??????  Weird re: Pandemic

DL(16) has always been the tortoise to MM(18)'s hare personality.  So I am not surprised at all he didn't get his driver's license the second he turned 16.  Mostly though he has a mental block about online school (is emotionally scarred from 2020) and he just can't deal with the online driving courses.  & absolutely no one is teaching in person (which I think may become a permanent change).  Will see...  Last we discussed, he would do the online course next summer if it's still his only option.   & we will have to lean on him pretty hard since his college plan is to go to community college in the Bay Area.  He will need a car and we will never be comfortable with that unless he has more driving experience under his belt.  That might be what motivates him, if we insist he stays at home the first year if he doesn't get some months of licensed driving experience first.

If he's not driving, he doesn't have any financial motivation to work.  Once he does get his license, he will need to pay for the insurance on the kids' car.  Insurance and tags and everything.  Fuel and oil changes.  But with the "free car" (not having to buy a car on top of that) he's well set up to cover those expenses for a while.  He needs something like $1,000/year to drive and he does have $2,500+ saved up.  I know this is a lot of our *shrugs* about just rolling with things (if we don't feel safe with him working this summer).  Both my kids are learning great/early lessons about the flexibility and benefit of all those savings.  

Assets:

$2,106 Cash

$  500  Super High Yield Savings

+$26,000 Gifted College Money

Other Notes:

I did end up just adding DL to my Target credit card because doing so had bumped up MM(18) to something like a 780 credit score.  Which I didn't know until he turned 18 and we could pull his credit report.  (The card I actually gave MM full control over and he used for all of his automobile expenses, did nothing for his credit score.  That figures!)

In this case, the Target card is actully in my wallet.  Will work on DL(16) getting some credit and learning how to manage a credit card when he has any expenses.  Which probably won't happen until he gets his driver's license. 

I am just going to mix in current commentary with prior year commentary.

2020:  +$104,000

2021:  +$215,000  🤯

2020:  We paid down the mortgage by $10,000, purchased a newer vehicle, and the rest was stock market contributions and gains.

2021:  We paid down the mortgage by $20,000, cash/investments up $75,000, and the rest is real estate gains.  I mentioned in a recent post that real estate values have been pretty stagnant since the recession but skyrocketed this year.  My housing estimate is conservative and will probably bump up more next year. 

We were helped along with a $20,000 cash gift this year.  Thus the large mortgage payment.

2019: Today we could pay off our mortgage and still have $340,000 cash/investments. For the first time, we could do this with only cashing out about 1/2 our ROTH IRA and all of our taxable investments. It's the first time we could leave everything else intact (emergency fund, kids' college, rest of retirement, etc.). I am not tempted yet, but honestly, if I had an additional $50k in investments, we could pay off our mortgage AND leave six figures in our ROTH IRA. At that point, I would probably be tempted. Especially with just cashing out at a peak. Taking the money and running. I've always said there is a tipping point. I just have never been so close to the tipping point. If my stocks go up $100k next year, I wouldn't rule it out.

2020: Today we could pay off our mortgage and still have $430,000 cash/investments. 

My stocks did not go up $100K, and we have college to figure out.  If not for college literally starting this year, and being so close to our $500K retirement goal...  I don't think the tipping point will be until the mortgage is under $100K; we just aren't quite there yet.  

2021: Today we could pay off our mortgage and still have $530,000 cash/investments.   (Roughly $515K retirement funds + $15K cash would remain).

We discussed at length due to potential windfall (and the stock market being so high).  But college is the bigger priority at the moment.   We have lots of dollars earmarked for college "just in case".  Will hang on to that money for a few more years. (MM's college situation is pretty clear, but we still need to sort out DL's college situation.  No idea...)

Again, the tipping point won't be until somewhere below $100K.  

2020: We need our net worth to continue to increase (on average) $50k per year to reach our Financial Independence goal at age 50.

Estimate Net Worth Change for 2021:

Mortgage: Paydown $8,500

Retirement: Contribute $8,500

Home Appreciation: $45,000

TOTAL INCREASE: $62,000

Our net worth changes never look anything like our estimate (it's rare any asset class actually has an average year). But, I go through this exercise just to make sure my goal is realistic and doable.

Estimate Net Worth Change for 2022:

Mortgage: Paydown $15,000

Retirement: Contribute $20,000

Investment Gains: $20,000

TOTAL INCREASE: $55,000

More 2020 Commentary: We have 6 years left on our "financial independence" goal.  We've started out so strong, that we have 6 years left to come up with $270,000.  That is $45,000 per year net worth growth that we are aiming for.  I think it's nice how it has worked out.  We expect to be saving less and possibly drawing down assets as we pay for college over the next 6 years.  $45,000 is a lower bar than we had been aiming for initially.  I expect a major push of working hard and getting college done without any debt.  But...  I am also feeling a lot of, "exceeded goals in recent years, so can chill as we get through the next few years."  The plan is to rely on our assets to do most of the work re: retirement and longer-term future.  That will be the "chill" part.

2021:  We did it!!  We hit $1 Mil net worth.    🥳🙌🎉  

According to the bottom of my sidebar, we've hit $545K of our $600K financial independence goal.  This was a 10-year goal that we have almost hit in 5 years.  (The goal was to add $600K to our net worth, doubling from $600K to $1.2 Mil).  

It will be realistic to get there in 2022.  Will see if the stock market and real estate market cooperates.

I am personally kind of happy that we didn't fully make that goal because I can just leave my sidebar as is.  Basically, I am not going to mess with it.  The new goal I am formulating in my mind (to memorialize next year) is probably going to be $800K total cash/investments, to hit financial independence goal.  This presumes that we pull $200K equity from our home when we downsize.  The old goal was $1 Mil + paid-for home.  Which will basically remain our goal.  But presuming that we pull $200K home equity to get there, will make this easier to measure while the real estate market is crazy.  

Of course, if we did hit that "+$600K financial independence" goal this year or if we hit it next year, it is meaningless at this point.  Our spending isn't going to be realistically $40K per year until our kids are self sufficient and our mortgage is paid off.  Those are the two other hurdles we have to get past for financial independence.  So I am personally not in any huge rush.  Also, to be clear, it's just about not *having to* work and that independence.  I have my absolute dream job at this point and MH misses more meaningful work and the identity that comes with that (but is still very held back by our needier child who has yet to get his driver's license yet).  I am always kind of bemused how often people finish paying for college, get their house paid off, hit these big goals and then have big career gains.  But I can see how that is probably how it is going to play out for MH and I.  That seems to be the track we are ending up on.   

Feeling productive today.  Got our taxes mostly done.  Is generally how I handle it.  Just get everything entered and then double check that tax forms match my records, as those forms come in.  Try to file before February.

I really miss the professional work software and how much time it saved me.  I've just been throwing tax projections into last year's software and then mentally tweaking what I know is different for the next year. It's not great but it's the most cost effective (and fast) way I can figure out how to do tax projections.

I had to share because when throwing all my numbers into tax software I was coming up with some large tax due at first.  Was kind of ignoring and figuring it would sort out as I entered more data.  Oh yeah, that extra $6K in medical expenses this year, ended up putting us massively over the standard deduction.  That did help.

Towards the end though I still had $2,000 shown due.  At the very end it was $2,001.  Did I mess thing up that bad?  Nope, I figured it out pretty quickly.  That last $2,000 was college tax credits.  Did I literally get our taxes down to the penny?  Er, down to $1?!  Holy cow!

I told MH to give me a gold star.  😁

In the end, I refined a couple of more deductions and so the taxes went down a bit.  The only estimate that remains is I threw in some investment dividends as 'taxable' and I know a lot of that will sort out to non-taxable (qualified dividends at 0% tax rate).    So that's the one thing I have to wait for to finalize.  Should get investment tax forms in 1-2 weeks.