Unexpected money found June-August:
Interest earned on checking/savings accounts: $24.82
FSA Reimbursement: $137.51
Husband's travel stipends: $275
Returned a few items we decided we didn't need: $217.58
Birthday money for the husband: $120
Rebate Apps: $44.89
Related to selling the house: $8390
Money Highlights of the Summer:
So when I mentioned selling the house to my husband, he was so on board so fast that it was actually surprising. We met with a realtor and when he told us what we would list it at, we said yes immediately. The house went on the market. 34 showings and 4 total days on the market later, we had an over list price offer. I'd like to say the repairs and things went by just as smoothly but I think it's like childbirth and it's not as painful once you're past it and time dulls it over a bit.
We bought a much better house for us that is not a 90 year old fixer upper like the one that we sold. When I come home now, I don't have a giant list of expensive projects on my mind. I can just be home.
Since we made out very well on the sale, we were able to do 20% down on a 15 year mortgage with has been our goal for buying houses since day one and we've never been able to do it. This is our third house and we have some serious financial nerd pride on that. We received enough back that our plan is to dump the additional proceeds on the house and knock off the last year too. I know paying your mortgage off isn't as sexy as dumping it into VTSAX but it's what we want to do. So a brand new 14 year mortgage was our big addition this summer.
Paid off the car as well so we're down to just the mortgage debt wise. I turned in my documents to take $1500 out of each monthly paycheck at work so I'll really just be going in for glory as far as my paychecks will reflect.
I'm going to put together a spreadsheet of what we've paid in taxes over the last few years and see what I can do to reduce the amount. It's the fall so there's still plenty of time to make some changes if we need to. I feel like the deeper I dive into the FIRE community, the more tips and tricks I need to apply to our lives.
I'm taking advantage of the free tuition employee benefit I have at work and am working on my MBA when our son is small. He has less to schedule around and is so delighted when I get to take breaks from studying and homework to come and snuggle him. If all goes to plan, I should graduate in December 2018. If I can find a higher paying job or something with a bigger future, our goals will go into warp speed. We're doing pretty well now but could do a ton of damage with my income doubling. Cross your fingers that my brain doesn't melt out since this is not my background.
Our plan for the rest of 2017:
Max out as much as we can in our IRA's for 2017
Find out what is a tax deduction on my MBA and set up 529 if need by to route mortgage through since I'm a full time student.
Until next time!
17 Years + 9 Months to go.
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