Thursday, December 2, 2021

January 2022 through October 2024

 YES that is correct. Hubby said he wanted the mortgage paid off. I told him that the last of the big projects then would have to be put on hold until that. He moaned and groaned  and thought I was out of line.

We had our semi annual meetings with our IRAs guys. BOTH backed me. At this point if he continues to pull what he is then he is going to out of money in his IRA in 20 yrs at a 6 % interest rate (that has been the average and when it is over that is is called FROSTING on the cake) I looked him right in the eye and called him DAD. Because that is exactly what Daddy did on 2008 which is probably why I caught it. Mine is an inherited IRA that has to be closed out in 7 yrs. IN four years, I will have monthly amounts be sent to an account to be invested under my name instead of Daddy's when the taxes will lower (if someone is NOT pulling so much out of his IRA)

This is how the budget is and I am using my blog to hold myself accountable.

Monthly budget which runs from the 20th of each month as that is when all the money is in. 

Mortgage $1450.02 includes property taxes and farm insurance as according to our loan.

Medical insurance thru Hubby's old employer $828

Medical co pay and deductible  $420 ( I already have this in savings so it's not in the budget this year since we have to pay it upfront and we know Hubby is being tested for his tremors). I will pull 2023 from our tax refund. 

Propane $150 , we have to prepay in Aug for the next heating season. This is set to automatically go to savings.

Electric $150. Our company does not offer the budget so I just put the money that is NOT needed over into a savings . I figured up the average (holding for 3 yrs now)

Trash $17  this will probably go up since diesel went up. They have changed their routes to try to lower expenses. (Billed every 3 months so 2 months goes into automatic savings and then pulled)

Landline (cell phones don't work well in home) and internet $100  Only ONE company in our area even though others have said they were coming in... still not here.

Water softener co $65

car insurance (my truck and the motorcycle) and farm umbrella insurance $92.65

Life insurance $111 (his and mine and 5 of the kids that are not covered at work and we are not willing to put burying them on a credit card like 3 of our friends have)

OTC/ medication $20 

MS 365 program . We tried Open Office but there was things from Hubby's old employer  that would not open on that program.$12(goes into automatic savings until the bill comes due).

My cell phone $53.82. Business pays for Hubby's

Amazon prime $12 (goes into automatic savings until the bill comes due.) 

Kindle $11(rounded up)

Graduation IN SAVINGS  We should have 2 graduating but Daughter 3 warned us her older daughter might graduate this year as she has enough credits and she is in nursing school. She was suppose to graduate next year with our other grandson. ) Hubby uses his "odd jobs" he picks up off and on to pay for graduation. Since we know ahead of time who is graduating

Charlotte... $25 , includes food, treats, vet, nails clipped and tags.

Fuel $200, includes my truck, motorcycle, 3 lawnmowers (we will be selling one next spring), snow blower  and the tractor. Right now it's my truck, snowblower and the tractor (snow blade is on).

Regular savings (we get free checking due to savings) $150.

Cleaning items ZERO I should have enough to get through most of the next 2 yrs IF my kids don't need to raid me.

Home maintenance $20.  We have some Menards Rebates the will help cover this. It goes to savings until needed

Vehicle maintenance $100. This is my truck only and our mechanic will let us make payments if it's more than that.

Garden $20. I might need a little fertilizer or soil. 

Food processing ZERO. I have enough canning jars, lids, vacuum bags, and freezer bags probably for the next 2 yrs 

Personal items ZERO. We are stocked for 18 months.

Paper good ZERO for 2022. UNLESS kids raid me.

Office supplies. ZERO for 2022 

Weddings ZERO. we give what we can afford and if they are living in the area we fill their pantry from ours.

Christmas $100 automatic savings

Bday $30 automatic savings

Groceries $150 (what is left will be put back for stock up)

Eating out (as Hubby will not go to movies or watch one on tv and there is no rent a movie place in this town) $80... if we eat at one of the two sit down restaurants that is once a month with the tip. IF we eat take out Chinese or pizza/calzone that is twice a month. IF we eat fast food (Wendy's or Arby's once in a blue moon Taco Bell that is four times a month.   


Any tax refunds minus the following year's copay/deductible must go on mortgage.

Any cash back from credit cards must go on mortgage.

Any money paid back from kids, will go on mortgage. 

Any money left over  will go on mortgage. 

Any extra money earned not ear marked for something is to go on the mortgage. 

Any money found (like the 50 cents I found today at the mailbox) will go on the mortgage. 

Hubby's IRA (which I talked him into and his IRA guy backed me) withdraw has been cut to 40% of what he was withdrawing AND it goes on the mortgage completely UNLESS we need it for a crisis. Just to clue you in by doing that it will now last 

We will see how close we can get to paying it off by then.  

Last month of the year

The lights are all up (Hubby did a great job again with the outdoor lights) and I have started the list of what needs replaced. Son 2 is going to give us his tree as the lights don't work any more and he is tired of fixing them (added a strand to get him through this Christmas) so he is going to get a tree AFTER Christmas. 

Our Army grandson MIGHT get to come home from over seas for Christmas...the Army Nonna does not see it happening with the new covid crap, the civilian Nonna prays it does.  When you have been an Army Mom for twenty years you know how that goes. If he doesn't get to come home I will send his Christmas money to him as he said he is saving for a new car when he comes out in 3 yrs. I did order the prime rib for Christmas eve. BUT anything else is on hold until we find out if he is coming stateside.

Hubby is trying to lose weight. He lost 8 lbs. and then gained 6 lbs. back (I think he forgot to take his work boots which weigh 3 lbs. off this time). He started paying attention to how many steps he takes a day. Days he works hauling he gets the average of 6,000. Days at home, was 2,000. He said he lost count of how many times I have told him he was being lazy as he actually drove down the lane to get the mail, drove next door to talk to E or wanted to get the tractor to pick up something that he could easy pull in the wagon by hand. He realized he was really being lazy. Said something to his Dad and his Dad told him that is good part of why he went down hill with his own health. I also pointed out how much snacking his parents do especially before they go to bed. Hubby is going to sleep at 8:15 (was 9:15 during daylight saving time and more often I am turning off the tv and lights because he fell asleep with the remote in his hand when getting ready to set the timer for 30 mins. on the tv) and gets up at 4 am (was 5 am).  At least he is now paying attention and trying to get more steps in.  We moved dinner up to before 5 unless he is working and then it's either soup or a light supper. Days he is not working our big meal of the day is lunch. 

We are down to 167 items on the punch list. Probably will not start back on that until March  or April. February and beginning of March is pruning time.

We changed the budget for the 50th million time. Hubby said he wanted to focus on getting the mortgaged paid off. I told him how it had to be and both IRA guys backed me.

We are ending the year in better financial place since Hubby is still hauling 3- 5 days a week. Usually at this time he is down to 1 or 2. So it is nice to not have to cover the bills of the business. He has enough "net" he could cover the expenses of the business for the winter which is usually slow until April. He has 3 years payments left on his truck. He is 3 months ahead on it. He plans to continue the business until the truck is paid off.

On the sad note, we have had four deaths, 2 of the young men friends of the kids/grandkids gunned down with a random shooting. One of the kids friends wrecked after getting drunk and high, the people he hit are recovering  and another killed himself after hearing his parents one more time arguing over child support. His note was "Problem solved" Probably a good thing his parents are not one of my kids or I would be in jail for beating them.