Yep, once again the only time I seem to type on this thing is when its in the middle of the night when I should be asleep but for some reason, I can't.
I know what today's reason is, I can't stop thinking about work. Sad, but true. We had a meeting with AT&T and ITS today about the proposed network. Ok, basically it was Jimmy from ITS and me talking back and forth and enough Dr. Galli to get the idea of what we are trying to accomplish here. The problem is, we don't know what we are trying to accomplish here. We have spread out to 13 sites now, and I don't know where else we are going to go except for Mendenhall and maybe Hardy-Wilson. We shall see. I'm sure there are some little towns down on the coast that we might could go to, but with Gulfport and Biloxi down there, I just don't know.
Anyway, on to life. February 28th is fast approaching and we still haven't heard from Rod the Accountant yet. So it looks like I will just being paying the normal mortgage payment (normal meaning the actual payment, not 3000 extra) and put the rest in the Vanguard account. We will be moving at least 2900 more into the Vanguard account and bring that to just over the 30K mark.
The other thing I decided to do on that front is to go ahead and add a negative 5000 tax liability into February's net worth. I figure I might as well break it down between February, March, and April instead of just everything in April. As a result, we are going to have a really hard time to make a 3 percent increase in our net worth this month. The sad thing is, it appears that Susan's retirement account might actually post a positive gain in the first time in 8 months....We would have had a really nice gain except for the taxes. But what's the use in saying a 5 percent increase in February when it will then show like a 10 percent decrease in April. After I know what the quarterly estimates are, I plan on breaking that down per month and showing that on the liability side of the spreadsheet.....
Anyway, its 1:40am now, I really have to try to go get some sleep.....
Tuesday, February 26, 2008
Tuesday, February 19, 2008
Taxes
The taxes were turned into Rod the accountant yesterday. Hopefully we will know something before the end of the week. I'm anxious to start paying off the house again after we know what we owe to the IRS. The balance of the Vanguard account is now at the 26,900 range. So as long as we don't owe more than 16,900 between the Feds, the State, and the estimates, we can get to work on paying off the house again as soon as we get paid in February. If we don't know before the 28th, then the 3000 from the paychecks will go into the Vanguard account and probably push the balance over 30K as long as we get one more Paypal payment from WorldWinner.
The other thing that will be ugly is when we do pay the taxes in April. It will take a big hit on the net worth spreadsheet. In the future, once we know what the estimates will be, I play on dividing the amount out evenly over the three months so that the tax payment will be taken into the account at the end of each month for the net worth spreadsheet. I'm still hoping, even taking taxes into account, that we can still increase the net worth somewhere around 3% per month.
I did have a slight set back Friday, but Susan stopped me. I was ready to order Dish. I find it difficult to stay on task when it doesn't feel like we are paying anything off or accumulating anything. Yes, this will make it difficult once we pay off everything, but then we will be saving for a new house as well as saving for retirement. I do still want to get Dish after we pay off the house, but I can wait until that happens.
The other thing that will be ugly is when we do pay the taxes in April. It will take a big hit on the net worth spreadsheet. In the future, once we know what the estimates will be, I play on dividing the amount out evenly over the three months so that the tax payment will be taken into the account at the end of each month for the net worth spreadsheet. I'm still hoping, even taking taxes into account, that we can still increase the net worth somewhere around 3% per month.
I did have a slight set back Friday, but Susan stopped me. I was ready to order Dish. I find it difficult to stay on task when it doesn't feel like we are paying anything off or accumulating anything. Yes, this will make it difficult once we pay off everything, but then we will be saving for a new house as well as saving for retirement. I do still want to get Dish after we pay off the house, but I can wait until that happens.
February 1 - 18 Results
1 - 50
2 - 250
3 - 200
4 - 50
5 - 50
6 - 50
7 - 0
8 - 0
9 - 50
10 - 50
11 - 0
12 - 150
13 - 150
14 - 50
15 - 150
16 - 0
17 - 100
18 - 0
Not too bad of a start, not going to win anything close to what I won in January, but that's ok, unless I win the 25K Survival Tournament. I'm at the next to last level now (500), and the last level is 1000, so that would bring the total closer.
2 - 250
3 - 200
4 - 50
5 - 50
6 - 50
7 - 0
8 - 0
9 - 50
10 - 50
11 - 0
12 - 150
13 - 150
14 - 50
15 - 150
16 - 0
17 - 100
18 - 0
Not too bad of a start, not going to win anything close to what I won in January, but that's ok, unless I win the 25K Survival Tournament. I'm at the next to last level now (500), and the last level is 1000, so that would bring the total closer.
January 28 -31 Results
28 - 150
29 - 100
30 - 200
31 - 50
Total for the month of January: 4015
Not a bad month, I would have to say. There was a mini-Survival tournament (only a 10K) that did help the total.
29 - 100
30 - 200
31 - 50
Total for the month of January: 4015
Not a bad month, I would have to say. There was a mini-Survival tournament (only a 10K) that did help the total.
Thursday, February 14, 2008
Vacation
So it was decided today that both Susan and I need a vacation. This was after a 2pm lunch that she and I had together. I have just gotten back from DC where I spent 3 days locked up in a hotel room. We ventured out twice for lunch and each time it was so dang cold it knocked all my thoughts of wandering out to see various sights while on the trip. Susan is just having a lot of work stuff going on. Not so much work work stuff, but stuff that work keeps putting on her. Its just time for a break.
So, of course, my first thought was Disney. All my family knows my love of Disney, and Susan is also very aware. I actually went twice during our short time of dating, yes both times without her. Both trips were planned before I knew she existed. In fact, the first, was right after our first official date. We went to lunch and I was leaving with my parents the next day to head to the House of Mouse. I had already planned the February trip with Amanda and go stay at Animal Kingdom Lodge as well. So 3 months into us dating, I was heading back to Orlando. I would never have thought it would change so much without her there. It was quite a shock and probably when I realized that I truely did love her. All I could think about the whole time was how much I wished she was there with me. But anyway, back on subject. Disney, of course, is way too expensive for us right now. We have taxes due, not to mention we will get back to paying off the house sometime in March or April, so Disney simply isn't an option (it still didn't stop me from pulling up there site and getting a quote before I came to this conclusion).
So the next thought is the beach. This option is still available. It will probably cost a little under 2000, but we could do it. It would be fun and very relaxing and, of course, there is Bob's.
The next option would be to go back to Irmo to see Lauren and Ed and the kids. The kids are great. Edwin doesn't like me much (clearly I stole his Boo from him), but the little one can steal my heart with the simple word "up". It took Ian 2 days to warm up to me, but with those big eyes looking up and the simple word "up", that's all it took. So, that would be a good option as well. We would probably end up flying, which would be in the neighborhood of a 1000 for both of us, that plus food, we would be looking at around 1300.
Tonight, as I can't sleep because I stayed in bed too long this morning....I have thought of a fourth option and the more I think about this, the more I like it. I was thinking we might just could stay at home. Take the 3 days off, take 500 out of the bank, go to the grocery store and let Susan go crazy at the grocery store as only she can and then just watch movies, or whatever. If we want to go somewhere, we go, if she wants to cook, she has that option, if she doesn't want to cook, we go out to eat, if we want a day trip to Memphis, we go on a day trip to Memphis, if we want to get cable or satellite for the occasion, we get cable or satellite. We just do whatever. I'm really liking this plan, and I plan on brining it up to Susan when we both get up in the morning. Maybe she will like it as well.....
Anyway, back to bed, I need to try to get some sleep!!!
So, of course, my first thought was Disney. All my family knows my love of Disney, and Susan is also very aware. I actually went twice during our short time of dating, yes both times without her. Both trips were planned before I knew she existed. In fact, the first, was right after our first official date. We went to lunch and I was leaving with my parents the next day to head to the House of Mouse. I had already planned the February trip with Amanda and go stay at Animal Kingdom Lodge as well. So 3 months into us dating, I was heading back to Orlando. I would never have thought it would change so much without her there. It was quite a shock and probably when I realized that I truely did love her. All I could think about the whole time was how much I wished she was there with me. But anyway, back on subject. Disney, of course, is way too expensive for us right now. We have taxes due, not to mention we will get back to paying off the house sometime in March or April, so Disney simply isn't an option (it still didn't stop me from pulling up there site and getting a quote before I came to this conclusion).
So the next thought is the beach. This option is still available. It will probably cost a little under 2000, but we could do it. It would be fun and very relaxing and, of course, there is Bob's.
The next option would be to go back to Irmo to see Lauren and Ed and the kids. The kids are great. Edwin doesn't like me much (clearly I stole his Boo from him), but the little one can steal my heart with the simple word "up". It took Ian 2 days to warm up to me, but with those big eyes looking up and the simple word "up", that's all it took. So, that would be a good option as well. We would probably end up flying, which would be in the neighborhood of a 1000 for both of us, that plus food, we would be looking at around 1300.
Tonight, as I can't sleep because I stayed in bed too long this morning....I have thought of a fourth option and the more I think about this, the more I like it. I was thinking we might just could stay at home. Take the 3 days off, take 500 out of the bank, go to the grocery store and let Susan go crazy at the grocery store as only she can and then just watch movies, or whatever. If we want to go somewhere, we go, if she wants to cook, she has that option, if she doesn't want to cook, we go out to eat, if we want a day trip to Memphis, we go on a day trip to Memphis, if we want to get cable or satellite for the occasion, we get cable or satellite. We just do whatever. I'm really liking this plan, and I plan on brining it up to Susan when we both get up in the morning. Maybe she will like it as well.....
Anyway, back to bed, I need to try to get some sleep!!!
Saturday, February 9, 2008
The Majestic
I know better than to put on a movie I like at 11pm at night because that leads me to being away at close to 3am in the morning....blah!!!
Anyway, the taxes have really reared their head again. After thinking and thinking and thinking about the taxes, I finally decided, after talking more with Susan, to go ahead and just start saving as much as we can until we know what the final tax bill is going to be. As soon as we know, you will know. If its really as ugly as 18,000 plus a quarterly estimate due on top off that, well, I won't be happy. But it will be what it will be. Right now we are approaching the 26,000 figure in the Vanguard account and with the February paycheck, that number should be going over the 30K mark. What is going to be painful is when we have more in the Vanguard account than what we owe on the house. That is going to hurt. To actually have enough money to payoff the house and not be able to because its just an interest free loan from Uncle Sam. Yuck!!!!
So where does this leave us......we are sitting at 34,712.32 dollars left on the mortgage. So very close, yet so very far. Hopefully we will just have to be sidetracked for February, but it might run into March as well.
The other thing I plan to do is start showing the tax liability broken down each month on the net worth so that there isn't a dramatic decrease in the net work every time we have to pay quarterlies. This will start being reflected as soon as I actually know what that number is. We are waiting on one 1099-MISC form from where Susan did some side work.
It will be nice to fianlly know what the numbers are, so that we can plan better. It will also be nice if those numbers are only about 8,000 total. Sad, but true!!!
Anyway, the taxes have really reared their head again. After thinking and thinking and thinking about the taxes, I finally decided, after talking more with Susan, to go ahead and just start saving as much as we can until we know what the final tax bill is going to be. As soon as we know, you will know. If its really as ugly as 18,000 plus a quarterly estimate due on top off that, well, I won't be happy. But it will be what it will be. Right now we are approaching the 26,000 figure in the Vanguard account and with the February paycheck, that number should be going over the 30K mark. What is going to be painful is when we have more in the Vanguard account than what we owe on the house. That is going to hurt. To actually have enough money to payoff the house and not be able to because its just an interest free loan from Uncle Sam. Yuck!!!!
So where does this leave us......we are sitting at 34,712.32 dollars left on the mortgage. So very close, yet so very far. Hopefully we will just have to be sidetracked for February, but it might run into March as well.
The other thing I plan to do is start showing the tax liability broken down each month on the net worth so that there isn't a dramatic decrease in the net work every time we have to pay quarterlies. This will start being reflected as soon as I actually know what that number is. We are waiting on one 1099-MISC form from where Susan did some side work.
It will be nice to fianlly know what the numbers are, so that we can plan better. It will also be nice if those numbers are only about 8,000 total. Sad, but true!!!
Friday, February 1, 2008
January Net Worth
Here's the month in review.
We increased another 3.69%. This was sort of a miracle after the way the stock market started out this month. At one point, Susan's IRA was down close to 6,000 this month before the last week or so. It ended up down another 2,500 this month.
Net Worth: 122,752.26 +3.69% YTD: +3.69%
Net Worth w/o House: 62,464.58 +0.11% YTD: +0.11%
Net Worth w/o IRA or House: 28,525.34 +9.85% YTD: +9.85%
We increased another 3.69%. This was sort of a miracle after the way the stock market started out this month. At one point, Susan's IRA was down close to 6,000 this month before the last week or so. It ended up down another 2,500 this month.
Net Worth: 122,752.26 +3.69% YTD: +3.69%
Net Worth w/o House: 62,464.58 +0.11% YTD: +0.11%
Net Worth w/o IRA or House: 28,525.34 +9.85% YTD: +9.85%
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