Mix of personal, work & financial
1. Pack breakfast and lunch for work 3 of the 4 days per week we are in office. There are 2 holidays in January, so the Monthly Goal would be to pack 17 times this month.
2. Drink 48 oz of water every day. Its more than my annual goal, but I want to have a great start.
3. Exercise 3-4 times a week for a minimum of 30 days. My schedule is hectic, so incorporating this time will be a challenge. Once I start working it in regularly, I hope it will be easier.
4. Eat Healthier (nonspecific goal either than high protein, low fat, added dairy)
5. Pay $463.08 towards 0% debt
6. Work 60 hours of OT
7. Attempt to sell 5-10 Baby/Household Items
8. Meal Plan each week
9. Calculate what is needed to meet Professional Re-Certification. Make step by step plan. Start request for employer to pay for recertification. Make plan for if they refuse to pay.
Mix of personal, work & financial
1. Get Renter Out
2. Sell Townhouse
3. Cash only gifts/holidays/Christmas. I include all birthdays, holidays, cards, Christmas, Thanksgiving groceries, my daughter's birthday party in this category, so it seems big. I need to add $1249 to this fund in 2017
4. Pay off small debt at 0% before it runs out in 2018 $3481.09. Part is medical expenses that I am hoping to just cashflow paying the card for instead of using funds from my HSA. But we will see.
5. Keep up OT to pay Rental Townhouse Mortgage so we don't have to utilize any further savings
6. Add to Emergency Fund by $5000. Stretch goal is $8000. This would be significantly dependent on goals 1 and 2.
7. No new debt
8. Continue FB sales of household and baby items.
9. Continue 16% of salary to 401k
10. Continue contributing to Childcare FSA for $1666.67 contribution from employer (Automatically set up already).
1. 30 Minutes of Activity 3-4 times a week. So for the year 156 days of a minimum of 30 minutes activity. The Stretch Goal would be 208 days of a minimum of 30 minutes of activity.
2. 5 days a week of hitting 48 oz of water per day. I am terrible with water. So I am setting the 5 of 7 days goal with a stretch goal of 7 of 7 days. (260 days of the year/stretch 365 days).
3. Eat healthier. I don't want to put a weight loss goal on it, but that essentially is my goal. To have more energy, stamina and to lose weight.
4. Mealplan each week.
1. To refocus myself in the position. I have been feeling burnt out and want to expand my experience in a few areas. I will not be sharing the specific steps
because its work specific.
2. Finish completing requirements for my career accreditation. Need to re-up at the end of the year.
Financial Changes in 2016
This was a big year for us. We bought a house (yay), put a large down payment down, put our townhouse out to rent, working with a property management company, moved, had medical issues, and got a lot of overtime in.
I was able to cash-flow major expenses such as the purchase of a lot of furnishings, a car repair, the movers and Christmas. Some furnishings were bought new, some bought used, but all clean, long term use items.
We funded slush funds that are not calculated in the amount of money change in 2016 as they are not savings or cash-flowed large purchases.
Cash-flowed Purchases Include
All of Christmas Expenses:
A dining room table plus 6 chairs
2 8 x 10 area rugs
2 kitchen stools
1 bathroom area rug
1 couch and 2 arm chairs
1 couch & loveseat set
I cash-flowed large purchases in the amount of $6139.72
We paid Expenses on the Rental Property to the tune of $4576 after Rental income.
We saved $12,531.99 towards the New Home Fund, which was then used in additional to the amount already saved to make the deposit/closing costs on the new home purchase
We saved additional amounts of $1503.82 in the Home Fund, $892.95 in the EFund, $1001.59 in the 2017 Gifts Fund, $389.46 in my Nephew's Savings account, $193.72 in my daughter's savings account and $472.92 in her 529 account. TOTAL SAVINGs INCREASE: $4454.46
I contributed $17,474.02 to my 401k, the company matched $6785.30.
My company also provided $1666.67 in my CHildcare FSA.
In Addition, we created Cash Savings:
Emergency Cash at home: $218
FB Baby Sales $199.50
House FB Sales $51
So our financial turnaround this year was definitely significant.
My little one is already incredibly into books. We read to her, she flips through books herself, she 'reads to us' (she's one, so she's just babbling at us with some real words thrown in). I want to foster that love of books, so we have a bunch and incorporate the library (more later than now obviously).
However, a woman locally was selling 100 kids books for $30. At 30 cents each, and including several series of books that I loved to read as a kid, I bought them. I did try to counteroffer, but she held firm. LOL Using money I had from FB sales of my daughter's stuff, no budget money was spent.
At the same time, I sold one of my daughter's old infant toys for $5.
I am ending the year with $199.50 in the FB Baby Sales envelope. This is Sales minus Purchases from the site.
1. Keep contributing 14% to 401k (plus 6% match)[increasing to 16% as of 3/18] COMPLETED. CURRENTLY 401K CONTRIBUTION FOR MYSELF IS AT 16% AND WILL STAY THAT WAY INTO 2017
2. $2500 to HSA (PLUS $1500 Company Match). Already set up COMPLETED
3. $3333.33 to Childcare FSA (PLUS $1666.67 Company Contribution) COMPLETED
4. Cash only Birthdays/Holidays/ChristmasCOMPLETED
5. Increase New Home Fund by $8000 COMPLETED AND USED FOR NEW HOME DEPOSIT/CLOSING COSTS
6. Increase EFUND by $946.81 GOAL POSTPONED DUE TO PURCHASING NEW HOUSE
7. Increase Vacation fund by $274.86 GOAL POSTPONED FOR NEW HOUSE PURCHASE
8. Increase Nephew Savings by $500.05 INCREASED BY $400 AND GAVE $100 CASH AT CHRISTMAS INSTEAD
9. Increase Medical Savings by $483.69 POSTPONED DUE TO NEW HOUSE PURCHASE
10. Increase Car Savings by $442.68 POSTPONED DUE TO NEW HOUSE PURCHASE
This year, we purchased a new house, rented out the old one, had a renter stop paying after 2 months, cashflowed several large purchases. I will do a post of this years 'financial change', but it is significant and I am happy!
In 2016, I was able to contribute the following:
$14,747.02 My Contribution
$ 6,785.30 Employer Match
$21,532.32 TOTAL CONTRIBUTION in 2016
Because of increased contribution percentage, plus overtime, this is the best contribution amount I have had before and definitely the largest employer contribution amount! Woohoo!
When we bought our new home this summer, we decided to hold off on selling the townhouse that was in my name only & instead rent it out. This was for several reasons, mostly financial.
We went through a very reputable Property Management company, who did a thorough vetting of applicants. We (my husband and I) made the final decision on the renter. She had ok credit, no issues with previous landlords/apartment complexes and although was lower income, seemed to be good.
She moved in mid-August. Paid up the deposit, 1st months rent, etc. Paid September and October with no issues. She sent a check in November, which BOUNCED.
The same week we were notified it bounced, I was in the neighborhood dropping off my 2016 HOA check and saw that the front door (screen door) was off the hinge and laying in the yard.
I notified the property management company, who said they had no contact with the renter about any issues with the door and that they had not received any response to calls, emails and a note on the door about the rent.
Because of the issue with the door/damage to the property, they serviced notice per state law for an indoor inspection and a day or 2 later, did a walk through.
The interior had no issues, was well maintained and very clean luckily. The PM left a note that because of the lack of contact and the returned check, they would be speaking to the owners (us) who may choose to exercise their right to start court proceedings.
The renter called that night. They said they'd been in a car accident and had to be out of work, had their phone shut off and other excuses why they didn't reach out.
They said they are just returning to work now and would be paying a 1/2 payment the next Friday & another 1/2 payment the following Friday. However, this would put them another month behind as December 1st was in between those 2 promised payments.
Based on the lack of communication, lack of clear plan to get caught up, bouncing a check so early into the lease, etc, we decided to go with giving notice & starting court proceedings to get her out of the house.
State law has us waiting for a court date. In the mean time, Dec 1st passed with no payment. The Promised Payment Friday did not appear.
The PM talked to her again and she said she meant the 'following Friday as she's paid biweekly'. That next Friday passed with no payment as well.
As of today, a 3rd Friday passed with no payment. So she is 2 months behind, owes 2 months of late fees and is aware of the eviction process starting.
If she magically got caught up , we could drop the court proceeding, but in the mean time, she is not in communication and has not paid.
We used our Rental EF of 1 month mortgage to the Dec 1st Mortgage payment. I cash-flowed 1/2 of January 1st's mortgage payment and used savings for the 2nd half.
For Feb 1, I am doing OT to avoid using savings for the payment. IN Jan, we should get a court date, but it could be until late Feb before she is out. Once she is, we are going to just sell the house.
Its going to be a real challenge to sell at the amount owed on the mortgage
We knew renting was a gamble and it did not pay out for us. Unfortunately the house values in that neighborhood plummeted quite a bit in the last 8 years and its not going to get better. Crime went up in the area and a lot of homes are for sale, but just sitting.
I am not looking forward to this process, but we have and will be doing everything to do this in the smartest way possible. Wish us luck!
01/14/2016 $5 AGC bing
02/08/2016 $20 coke reward agc
02/13/2016 $19.78 ebates
02/22/2016 $37.92 TD cc rewards
02/26/2016 $50 samsung pay bonus
03/06/2016 $4.25 Red Bull Settlement
03/07/2016 $25 Citi TY Bonus
09/06/2016 $20 agc bing
09/16/2016 $11.99 amazon cc rewards
10/13/2016 $66.08 TD cc rewards
10/14/2016 $5 AGC bing
10/24/2016 $2.01 Red Bull Settlement
11/10/2016 $78.2 TD cc rewards
11/14/2016 $15 AGC bing
11/15/2016 $26.18 ebates
11/16/2016 $110.17 BOA cc rewards plus bonus $100
11/22/2016 $150 checking bonus
11/30/2016 $5.55 coke reward agc (partial)
12/05/2016 $14.45 coke reward agc (partial)
12/22/2016 $2.9 Discover balance refund
12/22/2016 $5 AGC bing
2016 FB BABY SALES
2/1 $50 Lot of Newborn CLothes
2/1 $6 1/2 shirts
3/1 $10 shirts
3/1 $5 Boppy Cover
3/1 $8 3 month onesies
3/1 $10 6 month onesides
3/1 $8 Minnie mouse outfit
4/3 $10 extra infant car seat base
4/6 $40 infant car seat & base
4/25 $5 maternity shorts
4/18 $5 baby outfit
4/29 $12 baby clothes to Brittany
5/4 $15 playmat
6/19 $22.5 yard sale
6/20 $40 3 bags 6-9 month baby clothes
7/30 $8 superhero bibs
8/1 $8 extra boppy sale
8/17 $10 4 oz bottles
9/6 $14 9 oz bottles
10/18 $8 bouncer & blankets
10/19 $5 Halloween outfit 3 months
11/07 $3 holiday bibs
11/17 $8 bumbo seat
11/19 $10 9 month xmas clothes
12/4 $5 xmas outfit newborn
2016 FB Household items sales
2/27 $5 house survey
7/4 $40 cradle
7/5 $20 upholstered chair
7/29 $3 mirror
11/17 $8 wall hanging
11/19 $35 wall shelf
TOTAL ALTERNATE INCOMES: $1105.98
Retirement update as of 12/8/16
$117,088.35 (not including my husband's 401k).
Its been a while since a good post from me, I plan on doing more soon. Lots to catch up on!
We had a good holiday weekend. I cooked Thanksgiving dinner at our house for myself, my husband and daughter, my mother-in-law, 3 sisters-in-law, 1 brother in law, 1 boyfriend of my SIL, 1 13 year old nephew & 1 1.5 year old niece. It was a lot of fun and a LOT of food.
My folks were invited, but my mom wanted to do Thanksgiving at her house. This is the 1st year in my life that I did not see my parents/sister/nephew on Thanksgiving. It was weird, but luckily drama-free (my mom is not a fan of 'sharing' me at the holidays).
Since the dinner was last minute, I did well at shopping, but still spent about $119 for groceries. Everything turned out well, the guests brought food too and we had a really nice time.
Friday, the baby's daycare was closed. My husband was off, but I was working from home, so he got to sleep in & I did pretty well with watching a 15 month old and still actually getting work done! lol.
Saturday, we had to drop off my husband's car to be repaired and we ended up at a local nursery/store that does a big Christmas business. My daughter got to ooh and ahhh over decorated trees inside & out of the cold. It wasn't very crowded and we bought an ornament and a new tree topper. It was a nice time.
Today, we vegged at home, I had a slight migraine, so I spent a good part of the day on the couch. We ate leftovers for lunch and I made Italian wedding soup for dinner. Very nice & relaxing.
All throughout the weekend, I did a little online deals Christmas shopping. Got a few really good deals, so that was nice!
I know a few of you guys were recently talking about/recommending a steam cleaner. Could someone point me to the post(s) that reference that topic? Guess who is in the market for one? haha
The most cost-effective way for our family to do our Medical Benefits is for my daughter & I to go through my employer's insurance and for my husband to solely go through his employer's.
His benefits remained stable within $2-3 per paycheck more being taken out.
For my benefits, I had more significant changes:
Medical increased $134.40 per year.
Dental icreased $22.80 per year.
Vision Stayed the same.
My Family FSA deduction stayed the same. I put in 2/3 ($3666.67) and my employer contributes 1/3 ($1333.33).
Employee Death & Dismemberment Stayed the same.
The most significant changes were to the Employer contribution to my HSA. In 2016, it was $1500 for the Employee + 1 plan, in 2017, it decreased to $1000.
I also added Group Legal, which we will use to get our wills, medical directives, etc completed. For the year, several hours of legal work will cost $254.88. Since we have the little one now, our wills would be more complicated and we want them to be clear.
So overall, the change in costs between 2016 & 2017 is a $912.08 increase for the year. Without the added legal benefit, the cost increases $657.20 per year.
That $500 loss of HSA money from the employer really hurt. People were not happy.
New Retirement Account Balances (without my husband's, which is about $60k at the moment)
HSA Balance: $$1,375.16
Did anyone see the article from the SavingAdvice Blog? "What Having a Family Member Steal From Me Taught Me About Protecting My Finances". Its a little light/for less personal finance aware readers, but it was interesting to me. I have heard/seen a lot of horror stories about family theft.
P.S. I swear I wasn't asked to write this post lol
Last count, the retirement accounts total was $109,610.23 on 8/26
Today, its $110,054.89. I will take that!
Over Labor Day weekend, we took advantage of the sales and bought a new couch & love seat set, as well as a large dining room table & chairs. I also used coupons and sales to get great deals on kitchen counter stools and an area rug for the bathroom. Lots of planned spending. But still a lot of spending.
So other decorating/organizing is coming in as frugal a way as possible.
The Guest bathroom upstairs (Little One's Bathroom) is a hideous brown color in it. We're not going to be able to paint for a while, so to cheer it up, I bought a $3 shower curtain in bright colors and a matching bath mat. [$8 out of pocket]
I repurposed the grey shower curtain & rugs from our old house for the basement bathroom. The colors (grey) did not match the brown in the guest bath, so it was nice to repurpose in the basement.
A family member downsizing gave me a desk & chair that matches a bookcase I already owned. Both originally were from my great-aunt's house. I love them!
She also gave me a really cute Pooh Bear Lamp that will go in the playroom.
The couches came last week. We are putting the old couches in the basement for a fun tv area. The dining room table will be coming in a few weeks.
The bathroom rug came today, so I aired it out on the deck & set that up.
Today, I organized/unpacked some items that have been sitting in boxes in our new study. These are items that get used, but had no place to 'live' in our last home.
I used old organizer boxes and put together boxes for miscellaneous electronics accessories, office supplies, paper products, ect. Used my handy dandy label maker to create labels. [Organizing cost $0 - repurposed items]
Then I took some silver spray paint I recently bought [$7] and sprayed plastic containers from the dollar store that were already being used for storing items in the pantry & laundry room. They were originally colorful, but mismatched and I wanted to test how the spray paint would do on plastic. They came out really well!
My coworkers & I were doing a bit of a lunch challenge to curb spending. Each of us set our own goals for ourselves. Mine was to pack breakfast, & lunch for all but 2 days. I got sick mid-month and splurged on soda, but mostly met my goal otherwise.
This Month To Date, I have Spent:
$7.50 on 5 bottled sodas (sore throat when sick ‘required’ extra soda)
$3.25 on breakfast one day
$5.95 on breakfast & a soda today
TOTAL Spent in TO DATE in August on Breakfasts/lunches/drinks $16.70
Personal Retirement Accounts Total: $109,610.23
Spouse’s 401k $50,694.93
Little One’s Savings: (at age 1 year)
Kids Savings: $153.31
Home Fund: $500
Slush Fund: $626.50
Home Upkeep: $123.11
Auto Savings (just had a car repair): $60.60
Vacation Fund: $0.29
2016 Gifts Fund: $1583.40
Rental Property EFund: $223.96
Nephew Car Fund (partially funded by him) $782.08
H.S.A Medical Savings:
Pending ALT INCOME
Amazon Gift Cards: $15.00
CC Rewards $14.96
CC Rewards 2 $49.48
BING 1 455/475 for $5 Amazon Gift Card Goal
BING 2 354/525 for $5 Amazon Gift Card Goal
My Coke Rewards1 372/670 for $10 Gift Card
My Coke Rewards2 422/670 for $10 Gift Card
It's been a while since I've posted - been super busy these last few months. We moved in July, finally got a renter into our townhouse last week, I am working OT, but not as much as before, been sick off & on and generally been living a lot.
We have had a LOT of social obligations. Never dull for me!
-My daughter turned One this month. We had a little party that my mom paid to be in a restaurant (she HAD to do my nieces and didn't want to be seen as favoring my sister's kids - that was her choice).
-Last weekend, I was at a bachelorette party.
-This weekend, my husband is going to the bachelor party.
-In September, we are attending a housewarming for friends (child friendly event)
-In September, we are attending a friend's house party (kid friendly)
-In October, we have 3 weddings - 2 out of state
We also are waiting for the rental income to come in. We have a renter, but are also using a property management company. Because of the renter starting mid-month and the PM fees, we won't see a full month's rental income coming to us until the middle of October, which will go to the 11/1 mortgage payment.
I have lots of cashflowing/savings goals -
-cashflowing budget deficit
-cashflowing wedding events/gifts/travel
-save 1 month Rental Mortage buffer
-save 1 month New Mortgage buffer
-Save 5k Rental Efund
-Cashflow tickets to an event in Oct
-cashflow new furniture
Fun stuff, people! I will say, that we are not revolving any credit card debt as we have been spending a lot. I am so thankful for overtime!
I also want to note that usually I buy Christmas gifts all year long - but not this year as I didn't want to move all the stockpile of gifts! So I need to get busy on that
I have $107,362.92 in retirement accounts as of 7/29 not including DH's accounts!
We closed on our new home 7/15. The movers came 7/17. We packed up the family (husband & myself, baby, dog & cat) and Sunday night, slept in the new house for the first night!
The animals were settled in within a day. The dog LOVES the extra room. The cat loves the windows. The baby loves the kitchen and since we had no room in the old house, we can now eat at the kitchen table as a family! Just in time for her to start eating real food. She turns 1 next month. I will have to stop calling her the 'baby'.
We had some moving expenses - such as movers, a few boxes and wrapping supplies. Roughly $850 altogether.
Our realtor, a family friend, took us to lunch after closing. That was really nice.
My husband took off Monday through Wednesday last week and I am off through next Thursday. My work requires a core leave where I take 2 weeks at the same time at least once a year. So of course I took it for the move!
I return on a Friday, so my boss told me to just work from home that day. That was really nice!
Our old house (the townhouse) is being shown for rental. We have an application in and the Property Management company is vetting the background/finances for us and we make the final decision.
We took 2 days to clear out the stuff in the townhouse. Then we paid a cleaner to scrub kitchen, bathrooms, dust, sweep, do windows & blinds, cleaned the fridge & oven. She did a phenomenal job and we paid $125 for the service. We were SO exhausted, that was worth every penny instead of doing it ourselves.
We have been cooking at home mostly, with some treats out due to time/stress/this being my 'vacation'. Spending has all been within the entertainment budget though.
Now that we are in the new house, we have new expenses. I have been working hard to get a budget together. However, I have to wait to see an electric bill/gas bill. So some things are still 'guestimates'.
I am definitely going to be online more and sharing more with you guys
Couple of deals:
We had to buy new air filters. Home Depot had a sale on a good one (we have the pets and need quality) - so I bought 2 six-packs for $45.98, using Shopathome for 2% back and a card for another 2% back. Every little bit helps, right!
We still have plenty of unpacking and organizing to do. We also are in search of some blinds and a new sofa set. These were already planned/budgeted for. We just have to buy them. We have been looking for couches for a while - no luck so far.
I sold the leftover clothes (about 160+ items) in 3 garbage bags to a lady on OfferUp. I like the site - its free and people make an offer on what you're seeling. I put it up for $50 and took the $40. That is a lot of items out of the house.
And it turns out that she sends them to an orphanage in Africa where she is from. So, maybe she's telling the truth, maybe not...but I feel good about my sale! lol
I have tallied my alternative income for 2016 so far:
Bing Rewards $5
CC Rewards $128.18
Baby Items sales - yard sale/fb sales/Offer Up $316.50
Household Items Sale - yard sale/fb sales/offerup $60
Miscellanous promotions $124.25
My sister-in-law's neighborhood was having a community yard sale. My MIL & other SIL decided they wanted to participate, so I joined in. Between my other SIL (with my 10 month old niece) and I, we had TONS of baby girl clothes & items. I mostly had clothes though and didn't expect too much money.
Still - the neighborhood advertised big time. We put it up on all the local facebook sales sites. We had several people say they stopped by because of the posts (so yay, that worked).
I had maybe 200 baby clothing items. My MIL was selling soda & hot dogs, SIL had bigger baby items, plus toys & clothes.
Not sure how much my SIL made in the end, my MIL made maybe $15. I made $23.
However, I spent $1 for tag labels, and I spent 3 hours last night sorting by size & pricing, an hour setting up this morning and then breaking down later. So Hours spent on this - about 9 total.
definitely not worth it. Overtime hours, which I could have worked last night and today would have net me SO much more.
However, it was nice to be outside, I ran into an old friend AND I got to hang out with my husbands family (who I am lucky to like).
We are setting up homeowners insurance for our new home and switching our current home to an investment property. I have that all nailed down, but in doing the research, we are bundling in our car insurance with a new company.
They are PUSHING one of those driving Data Recorders. You use for 90 days and depending on how you do, they supposedly decrease your insurance from 10-25%. We have always been against that type of data collection as it doesn't account for so many things.
However, since we are discussing it, I was wondering if anyone tried it and if so, what was your experience?
In addition to purchasing a new (bigger) home with my husband, we are renting out our little 2 room 1.5 bath townhouse.
We are utilizing a Property Management company, which is worth it to us because the fee to have them do the work is very fairly priced given the headaches renting can cause.
Lately, I have been working 20 hours of OT per week (OT is unlimited currently and I can work it from my couch & in my pjs). We have been purging some stuff here & there and doing some things to make the house 'pretty' for rental.
This weekend, my folks took the baby for 3.5 hours and we were able to get 1/2 the basement cleared, windowsills and passthroughs the bathrooms scoured, etc.
We are working to fix little annoying things as well - a broken burner on the stove (waiting for a part), patching a small hole made from a broken doorstop letting a door knob hit the wall, did yard work and generally worked to get it looking spiffy.
I actually enjoyed the painting though!
So far, we have spent very little for these things, which is good as we are being pretend cash poor right now to save as much as possible.
Most savings went to the new house fund, but I saved $4393.56 in the month of May!
YTD Savings Total: $17,038.85
I have been posting about being so close to the 100k goal. I have been within a few hundred dollars and checking every week.
I got paid today and usually wait until Monday to check, but because of Ceejay's post, I checked this morning and I officially have $100,660.76 in my retirement accounts (not including anything in my husbands!)
Had some small hits in my porfolio, so the large amount that went into my 401k over the weekend did not bring me above the 100k mark.
However, its pretty darn close! $99,549.83. I will take it!
I am definitely getting excited over the new house. There will be so much more privacy. The lot isn't terribly big (we weren't looking for that), but there is privacy. No looking directly into any neighbor's houses. No house directly across the street (they staggered them nicely & there are trees between the house & the street.
The lot is about 1/2 an acre, which is still sizable. We back to woods owned by a private school that owns a huge amount of land in the area. They have kept that land maintained, but unbuilt for 3/4 of a century. We couldn't be luckier.
We do plan on building a fence, not for privacy but for the safety of our dog. He'll have plenty of room to run around & play with the baby.
In other news, the baby is over the Hand Foot & Mouth virus, but now I have it. It isn't as bad as it was for her, but I feel so badly that she felt blisters like this. Luckily I can work from home and don't feel to badly. Just pain where the blisters are.
Last weekend, we found the house for us and put an offer on it. There were several other interested parties & multiple bids, but we made a competitive offer and we will not have a contingency, so they chose ours!
The house is well maintained and in great condition. We are getting a good deal in a great neighborhood/school district and we are very excited!
Closing is July 15th, which is perfect for us as we will be renting out this house we are currently living in. Lots of to-dos, costs, etc. But we are being frugal & planning accordingly!
That being said, we had our inspection today. The bones of the house are great - a few small issues found in regards to code changes and needing to meet them for sale. Nothing big or costly for the seller, so we are in negotiation.
In preparation of moving out of this house, into the new one, getting this house ready for rent, etc, we reduced our heavy contributions to 401k to have a heavier cash flow for the next 3 months. That pained me SO much. However, its temporary as we are just storing the extra cash. And the plan is to increase it back in August.
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