Monday, July 28, 2014

And there goes the snowball ...

I'm at home, but my van is not. I got up early this morning to be first in line at the shop for an oil change/tire rotation etc. We also thought it might be leaking coolant so I wanted them to check that out. Of course the radiator needs to be replaced. And some work was needed on the brakes. One of the guys gave me a ride home and I'm waiting for a call that it is ready to pick up.

Total bill is going to come close to $700. Ouch. I have a check coming for a little over that amount for some articles I've written this month, so it looks like it will already be spent before it gets here (using the emergency fund in the meantime). So much for a snowball for American Express.

Oh well. The van is 9.5 years old and still chugging along. And it's still cheaper than a monthly payment!

DS's new glasses cost $350 - his eyes are so bad and his lenses so specialized that I can't use the cheapie places. .... Big expenses this month - I guess I should be happy it's almost over!

Happy Monday everyone,


Tuesday, July 15, 2014

Paying attention to retirement

When we started this journey, retirement was the last thing on our minds. While we had a 401k, we stopped contributing out of necessity and basically ignored it.

This summer has seen such a boost in our discretionary income that it occurred to me (duh!) that we might need to rethink our lack of action. So I finally went online and really looked at the account. Overall, it's in pretty good shape. Most of the investments we chose (and who knows how we picked those?) are averaging 11% returns in the long-term. One, however, only averages 5% and then there is the stable fund that we allocated too much to. So I spent yesterday doing some shifting of the funds currently there as well as future contributions.

We also decided to start contributing 2% from DH's paycheck. It's not a lot, but it's a start.

I'm so guilty of just putting financial decisions on auto-pilot and not checking up on them once in awhile. I need to be better about that. Next on my list is finding a lawyer who can help us with our will. While we have one in place, it's out of date and we need to make sure we are covering the bases for DS.

It's threatening to reach 100 degrees today. Hope you all are cooler!