Thursday, January 7, 2016

Annual Spending Review

What is up folks?  This is the post where we look back at the past year and see just how much the Old School Family spent.  This will be the second annual spending review so here I will compare 2015 to 2014...pretty cool since I never even used to track expenses.  

EDUCATION: $ 12,695.00... this will not be broken down per month
This is a new category that did not exist in 2014 because I wasn't going to school.  I am proud to say that I am in school now and doing well.  I also didn't technically spend 12k, because some of this was reimbursed, but I will stick with this number because it gives me a big picture idea of what education costs and makes me appreciate it much more.

HOME: $4721.00.......Per month: $ 393.41
This is no longer our biggest expense (education took that cake), but this does not include mortgage payments any longer.  Mint somehow boofoo'd up that and I have no idea where the mortgage payments went (I seriously have been looking and can't find them, but since I'm still living in my house I know we have been paying them lol).  Total we payed about $14,400, which would make this the biggest expense once again<but the payments aren't recorded or at least split among categories...obviously I want to figure out where these are going in 2016.

As far as projects go we didn't do a ton in 2015.  We put on two new storm doors, painted a wall, decorated a bit, and split the cost of a mower with my dad.

I do believe that we trimmed our overall spending on house projects though, so kudos to us!

HEALTH AND FITNESS: $1658.00.......Per month: $138.16
We accomplished another goal in 2015 and stayed pretty healthy.  My wife switched over to an AIP diet and we really worked hard to cut sugar out of our diet.  We spent a whole lot less, like 7k, than last year!  We also feel better, and my wife's health has really been improving.

FOOD AND DINING: $7072.00.......Per month: $589.33 
Surprisingly close to 7,472.00 from 2014.  We did cut down on our going out to eat which is a great accomplishment, but we increased our spending on healthy food like fruits, veggies, and fresh produce.  This is not cheap as many people know, but we hedged our expenses by using Aldi and Costco.  Kroger is WAY too expensive in my opinion.  

For those of you who think we are eating lobster, you should know this number includes all restaurant outings, and parties we threw.  So 7k doesn't look that bad when you frame it correctly...right...right guys...nervous laugh.

GIFTS AND DONATIONS: $2884.00.......Per month: $240.33
A brand new category for our Family in 2015, this encompasses tithe and gifts to charity and gifts.  Not all giving is represented in the category as some fell into the uncategorized group below.

UNCATEGORIZED: $2136.00.......Per month: $ 178.00
Down from 12k in 2014 to 2k in 2015 isn't that bad, granted I would still like to know where the heck 2k went lol.  All of the transactions are checks written by my wife, so I guess I need to just communicate better.  Dangit MINT, why do you have to be part finance advisory, part marriage counselor!!??  

Another take away is that there were only 23 transactions here, so I only missed about 2 a month.  That is a HUGE improvement from 2014!

SHOPPING: $3853.00.......Per month: $ 321.08
Well my wife's no buy challenge ended in April, but she did pretty good and I am so proud of her.  I think she looks hot no matter what, but she also looks cute too<btw you can now take my man card for saying that lol<and using lol so much.  The important thing is that we cut our shopping expenses in 2015 $57.00 a month, high five!

AUTO AND TRANSPORT: $3879.00.......Per month: $ 323.25
This number went down in 2015, even though I predicted the opposite.  How is this possible?  I consciously made an effort not to drive as much, consolidated trips, and didn't go out as much.  Being a homebody has it's advantages.   

BILLS AND UTILITIES: $5172.00.......Per month: $ 431.00
2nd year in the house and it would appear that our energy use went up quite a lot.  I think this was due to really staying at home quite a bit more in 2015.  I use to coach 3 sports but now only coach 1 sport.  The benefit is that I'm home more with our pets, but the con is that I obviously use more energy.  Maybe I need to sit in the dark more often lol.

OTHER: $5524.00.......Per month: $460.33
We spent slightly more here in 2015.  This includes uncategorized giving, magazine subscriptions, movie tickets, and just a bunch of random crap lol.  Just a bunch of tiny expenses on a bunch of categories that all add up.  

TOTAL:  $48,348.17.

I did not do a total last year, so I had to go back and see what I spent in 2014 and that was...


So this is really just an approximation, but hey hey, lookey lookey, we spent less money this past year.  WOOHOO!!!!  $520.00 less, give or take a couple cents.  Not too bad.  I hope that I can report back with more positive news in 2017.  Catch you then number peepers...

OSC out.

Wednesday, December 30, 2015

Net Worth Update: December + the Year in Review!

Merry Christmas everybody....whats that?  I missed Christmas already...well then...HAPPY NEW YEAR...wait, we aren't there quite yet.

Ummm....Happy time in between Christmas and New Year when everyone and their pet roosters go shopping.  I kid you not about the rooster.  I saw it sitting on some guys shoulder when we were out shopping.

Lets look at that net worth from December!

- $106,650.04

That is a difference from November of...

+ $3972.28

It is always fun to end the year on a positive note and we managed to do just that.  We celebrated our anniversary in December and my wife's birthday by going to a Bulls game in Chicago.  The whole experience was about $400.00 including tickets, gas, food, a hotel, and a very nice breakfast.  We were going to spend some more time, but lost interest when the weather turned sour and my wife became slightly sick.

Oh well.  Not the most frugal experience, but we did get to see a great game which went into FOUR overtimes!  Too bad the bulls lost.

On to the yearly GOALS from last December that I did I do?  

PASS: 1. Get accepted into masters program and apply like crazy for scholarships, grants, and tuition assistance!   CHECK!  I got into a masters program and received a few scholarships.

FAIL: 2. Begin to learn another language, probably mandarin. - No bueno.  I failed pretty hard here, in fact I didn't even come close.  Probably spent a total of twenty minutes out of the year working on the goal lol.  Apparently you can't learn a language in twenty minutes, who knew?

FAIL: 3. Pay down the mortgage to $140,000. - I can say this was a definite FAIL. We are currently at  $156,135.96.  We started the year at $161, we paid off $5123.92...bleh.  That sucks, especially since we pay about 1200 a month for our payment.  1200 a month is we paid about $9300 in taxes and insurance and pmi and interest.  YUCK.  We also stopped paying extra these past couple of months to try and increase our savings.  We hope by March of 16' to start paying extra again.  The mortgage is our single greatest enemy currently.

PASS: 4. Contribute at least $3600.00 to my 403b and $2600.00 to my wife's 401k.- I know that we met this goal, however I don't have a good tab on exactly how much we met it it is safe to assume that I want to do a better job in 2016 of knowing exactly how much we are saving for retirement...goals will be coming in another post (if I continue to write that is).

FAIL: 5. Don't go overboard on house expenditures: I know where we spent money in house expenditures this year and it was crappy...literally.  We had some sewage system stinkiness when a float went out which caused our circuit to trip and the alarm failed to go off.  This caused our motor to fail.  We also had a water tank bladder explode.  What a year!  I also went in with my day on a $3000 mower ($1500 a piece) which may seem like a waste to most of you.  I have two acres of land however, so the time that bad boy saves me is well worth it.  I can cut the lawn in 1.5 hours, where as with the old mower it was about the time saved was well worth the money IMO.

FAIL: 6. Use my 1k in my flex spending: I did not use 1k, but I did use about $800.  Lesson learned, and I will not be contributing to my flex this year, since I still have $500 that rolls over.

PASS: 7. Love my wife and the Lord more: I know this goal is mostly subjective, but I am giving myself a pass.  I could ask my wife, but who has time for that? (lol).  I have definitely become a more compassionate person in 2015 and look to continue that trend into 2016.  I really love the Lord and have gotten back into a relationship with him this past year, which has been great.  Previously in 2014 I really felt as if my heart had been hardened but now I feel a peace that I haven't felt since my early twenties.

FAIL: 8. Read at least 10 non-fiction books. I only made it through about 4...and this was way tougher than I thought.  I figured I would just read about thirty minutes every night before bed like I used to do in college, wrongo!  Youtube, blog reading, name it I probably put it ahead of reading. 

FAIL: 9. Run a marathon: Nope.  Not even fact I probably ran less miles than the year before.  I instead started a jump program which I am still doing and got back into lifting.  Kind of weird how my fitness goals changed.  I also still run a little with my dog and take her on daily walks.

PASS: 10. Continue this blog for the entire year with at least one post per month: I am proud that I completed this goal.  This blog does not make any money, and I write only because I enjoy it and enjoy looking back on what I have accomplished.  To continue writing and continue this project which I started a few years ago means a lot to me.  I want to thank everyone for their support and for reading.

YEARLY RESULT: 4/10.  For those who struggle with math that is a 40%.  Even though I scored 40% for the year I feel really good about 2015.  I look back at where I started and I know that the Old School family has come a long way.

In conclusion (sorry for the long post!) 2016 will see improvement...

or reduced expectations;)

OSC out.