<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Tight Budget
 

Tight Budget

July 23rd, 2019 at 04:59 pm

I talked with my supervisor about going part-time, and it went well. The plan is to go to 0.8 FTE starting in October, and then 0.6 FTE in January. And then to quit altogether in April. Simultaneously I will be increasing hours in my SE job.

I sat down and went over my budget with very conservative estimates of how much I can make each month. I generally take home about $200-$1000 more than I estimate from my SE job. Underestimating has been helping thus far.

Anyway, with the conservative estimates, I can accomplish the following:

1. Pay off my last credit card (another $9400 to go)
2. Pay off the cruise (another $120 to go)
3. Purchase ticket to go to Florida for the cruise (~$700)
4. Save $6K in EF
5. Keep making ~$235 extra each month towards mortgage
6. Purchase some furniture for the house (new bed and couch, and a few end tables) ~$1800
7. $1500 for the rest of the year for gifts, Christmas, birthdays, baby showers, etc.

If I do all those things, then I will be living paycheck to paycheck, but won't go into debt. Here are the things that I wanted to do, but won't be able to:

1. Purchase a new to me car (~$6K)
2. Bring up EF to $10K (another $4k to go after Dec)
3. Install a ductless heat pump (~$6k)

Here is my plan:

1. Put any extra income over what I estimate towards a car fund currently at $0
2. Check into the local utility board's incentives for ductless heat. The last time I checked, they had a $500 rebate as well as 5 year interest free financing for ductless heat pumps. I could take out an interest free loan and then once I have purchased a car and got 10K in EF, pay off the loan in the next 3-4 months after that. I don't like to go into debt again, but 0% interest is something that I can deal with. And I really don't want to put off installing the heat pump until next year.

I've lived paycheck to paycheck before, and can do it again. The difference is that this time it will be by choice whereas before it was because I needed to pay off debt and did not have much of a choice. This feels infinitely better.

**********************************************

Garden updates:
1. Squash are still producing like nuts.
2. I've been harvesting Sugar Snap Peas daily for the past week
3. Tomatoes are plentiful, but all unripe. I noticed the start of some blossom end rot on some, but will treat them with some calcium tomorrow, so hopefully that will take care of it.
4. Two fruit on my sweetmeat squash have fertilized, so I will have at least two.
5. I've had an explosion of bell peppers on my orange bell pepper plant, all babies except for two that will be ready any day now.
6. Thai pepper has tons of green peppers on
7. My beans finally have flowers. I hope I will get some beans off them before the season is out.
8. I got a couple handfuls of blueberries of my small blueberry bush
9. Lettuce and herbs are doing great, and I am using them regularly.
10. I'm getting ready to sow second rounds of beets and lettuce, and also kale and maybe some leeks.

1 Responses to “Tight Budget”

  1. Lucky Robin Says:

    Your garden sounds like it is doing great. I saw my first jalapeƱo yesterday. It is small and needs to grow for at least a week or two, but it is there!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]