Happy Friday – Shut the Front, Err, Cabinet Door!

Today I am thrilled beyond belief that we are starting to get cabinet doors installed on some of the (IMHO beautiful) cabinets that I built over the past year since my very first cabinetry-cation.

You wouldn’t think it’d be a big deal to get cabinet doors installed, but this is pretty huge. And now I can’t wait to get even more up so that we no longer have to check and make sure we don’t need to dust off cups, plates, and bowls before we use them.

After the fourth of July, I was able to take a few days off work and make some progress on the doors, so now we’ll have to OPEN cabinet doors to access some items! Novel, I know… but here are the doors that are hung so far.

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knobs will be added before too long, to prevent our dirty hands from constantly touching the whitish/grey paint* that we chose for our cabinet color.

How did These Doors Come About?

Well, I built them.

Continue reading Happy Friday – Shut the Front, Err, Cabinet Door!

PoP Balance Sheet – June 2016

Welcome to our June 2016 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

Happy Independence Day!  (If you’re in the US, that is.)

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Alternatively, happy Good Riddance Day if you’re in the UK!

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While it’s not yet our Financial Independence Day, we are surprisingly closer to that day at the end of this month.  I say surprisingly, because going into the month and awaiting the Brexit vote, I just had a gut feeling that we would get kicked out of the double comma club.  (And we might have been mid-day a couple days after the vote when the market hit its Brexit low, at least so far.)  But by the end of the month, the market recovered, and we had actually even managed to execute our monthly deposits into our taxable account during the Brexit mini-crash.  So we got a nice 3% sale on those compared to the day before.

Here are the numbers for June:

  • Our total assets went up by $11.3K 
  • Our total liabilities went up by $0.5K (just a function of when we pay the cc balance)
  • Net worth went up by $10.8K 
  • Total net worth as of the end of June is $1,037.3K, which represents a 1.04% increase this month.

For the details…

Continue reading PoP Balance Sheet – June 2016

PoP Income Statement – June 2016

Welcome to our June 2016 Income Statement!

Mr. PoP and I put these income statements together for two reasons. First, we want to be transparent about our finances because we’re trying to be role models for other people who are trying to plant their own pennies (and end up with dollars someday!). Second, we do this to make sure we’re on track to meet our own long-term goals. If you’re not tracking your income statement and balance sheet, we highly recommend you start using a program like Mint to keep track of it all.

We’re pretty glad that June is in the rearview mirror. The month started off on a bad note when Mrs. Pop was running on the beach and happened across a dead loggerhead turtle! The rest of the month wasn’t amazing financially, but unlike the turtle we made it out alive.

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $4,250.  

And the details…

Continue reading PoP Income Statement – June 2016

Lost Wallet: Reward If Found

MISSING WALLET!!! Reward If Found!!!

MISSING WALLET!!! Reward If Found!!!

Last Confirmed Sighting: Publix, around the corner from the PoP’s house. Definitely used wallet (and credit card therein) to purchase groceries on Sunday afternoon.

Last Believed Sighting: Next to phone and headphones on top of couch. 95% certain that the wallet was set out with other items (phone, headphones, water bottle) to load into my panniers for my bike commute to work on Monday morning.

Sigh… My wallet seems to have vanished into thin air.

I’m pretty darned sure I remember packing it with other work items to make the trip to the office with me on Monday, but then I didn’t see it in its usual spot on my desk at the office later in the day and assumed I must have forgotten it at home. At home Monday night, I glanced around a little, but didn’t see it and assumed I must have slid it into a drawer or something at work.

Continue reading Lost Wallet: Reward If Found

PoP Balance Sheet – May 2016

Welcome to our May 2016 Balance Sheet!

We use the structure of a monthly income statement and balance sheet in tandem to make sure we are keeping our expenses low and planting our pennies wisely. If you’re not already tracking your finances using these two methods, go to mint.com and get started today! If you have any questions about how we do this just post a comment and we’ll be sure to help!

It feels crazy to think that this balance sheet marks the four-year anniversary of when we started this blog.  Our very first post was our balance sheet as of the end of May 2012!  While that’s not quite ancient in internet history, I think it definitely qualifies this site as being “middle aged”.  And in fact, it reminds us how glad we are that we didn’t choose a blog name centered around being youthful (which we considered), especially as I just recently plucked an all white hair off my head to show to Mr PoP and am not feeling particularly youthful as those become more and more common.  (Note – I seem to be skipping grey hairs and going straight from blonde to grandma-white.  The jury is still out as to how I feel about this.)

Anyhow… May was a pretty boring month on our balance sheet.  And really, I’ll take a boring balance sheet any day over the decidedly non-boring adjustment that Forbes made to Theranos founder Elizabeth Holmes’ net worth this week.  Down $4.5Bn!  Eeep!  The stock market rose ~1.5%, which lifted the value of our holdings, along with what we added into our 401Ks and other various accounts.

The only change of any significance (and it’s really a small significance at this point) is that we went ahead and finally retired our car from the balance sheet.  We debated about doing this at least once before, but inertia kept the car on the balance sheet far longer than was probably appropriate.  When I checked the current Kelley Blue Book value of the car (something I do twice a year when our car insurance renewal is up), it was just $5.7K.  It just seemed silly to keep including it when its value counts for roughly 0.5% of our total asset base and we don’t have any loans against it.

So here are the numbers:

  • Our total assets went up by $8.8K (after eating the write down on the car value) 
  • Our total liabilities went down by $1.8K 
  • Net worth went up by $10.6K 
  • Total net worth as of the end of May is $1,026.5K, which represents a 1.04% increase this month.

For the details…

Continue reading PoP Balance Sheet – May 2016