Welcome to our February 2014 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!
Nothing too exciting on the balance sheet this month, though we got a bit of a boost by the stock market’s rebound throughout February. We’ll see how it ends up for the rest of the year!
But for the month of February:
- Our total assets went up by $19.2K
- Our total liabilities went up by $0.4K
- Net worth rose by $18.8K
- Total net worth as of the end of February is $692.7K, which represents a 2.8% increase this month.
But we did add one more way that we hope to continue tracking investment growth, so let us know how what you think of our new “Early Retirement Locale Index” below.
And for the details…
Continue reading PoP Balance Sheet – February 2014
Welcome to our February 2014 Income Statement!
Say hello to Beri the miracle fruit plant! Kitty PoP likes her a little too much…
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.
February was a solid and uneventful month when it came to our income and spending, but actually a nice and somewhat eventful month for us personally. I ran a marathon, have been cooking a lot in my brand spanking new pressure cooker/slow cooker/yogurt maker (the Instant Pot IP-DUO60), we hung out with a lot of good friends, and perhaps most exciting – I bought a miracle fruit plant. Now I just need to properly care (and keep Kitty PoP from eating it) for it for a few years until I can get it to fruit! Then we’re in for some HUGE excitement. =)
All in all, a solid start to the new year.
The Bottom Line
- Earnings before principal paydowns and savings allocations of $4,705.
And here are the details…
Continue reading PoP Income Statement – February 2014
Mr PoP and I found ourselves caught in a little bit of a tourist trap recently and ended up eating dinner in a sports bar/casual dining chain there. The food was okay, the service was atrocious (we’re pretty sure our waiter was high), but that’s kindof par for the course in a place like that, right?
There was something else a bit off about the experience, though. Over the course of our brief dinner, no fewer than two separate salespeople came up to diners at the restaurant (and employees, too!) and pitched them on their products. Here’s how it went…
- Sales Pitch #1 came from a high-school aged girl scout and her mom. They had cases of girl scout cookies on a small dolly and sold them to a group of fairly drunk older men sitting at the bar, as well as a couple tables on the patio on their way out. Later in the evening we spotted the same mother/daughter pair selling them to folks drinking at an open-air bar* down the beach.
- Sales Pitch #2 came from a millenial-ish woman selling some sort of cosmetics. (I wish I could tell you the brand, but we couldn’t spot what was written on the bags without being obvious and risking getting dragged in to the ordeal.) She approached tables of young women enjoying drinks and dinner on the outside patio (adjacent to the sidewalk) and made her sales pitch. Apparently it was good enough that not only did the diners buy whatever she was selling, but their server (who was in the same demographic) went and got her own credit card and handed it over to the saleswoman as well!
Perhaps not surprisingly, Mr PoP and I had very different reactions to these ambitious saleswomen.
Continue reading He Said She Said: Hustling Or Hassling?
This is part 3 in a little three part series that details how we lowered our cell phone bill by over $100/month. Feel free to catch up before reading on.
Glyde Smoothed The Way
The final part of how we made the switch from Verizon to Ting, keeping our two fancy-pants iPhones, while still cutting our bill by over $100/month is a cool company called Glyde.
Since we were switching networks, we needed to get rid of our Verizon iPhones and switch them for Sprint iPhones. In the past, we’ve sold devices on Gazelle, and bought and sold on Craigslist as well. But this time, we tried Glyde – a peer-to-peer device sales site because it has a 48 hour return guarantee on every item shipped through it. (For non-iPhones, Ting sells a bunch of new and refurbished phones with even longer guarantees. But not yet for the iPhone.)
Given that we’d be putting a brand new service on to the phones (and porting numbers), we knew there was a chance that problems with the device might not be immediately apparent, so the guarantee was important to us, and worth spending a few extra dollars for.
Like other device marketplaces online, the prices will vary from day to day, and even the time of the day depending on supply and demand. But overall, we found that the purchase prices on Glyde were comparable with what we found in other sources like Craigslist, especially considering they had that additional guarantee. (Which we did use in 1 case.)
What We Bought From Glyde
Continue reading How We Cut Our Cell Phone Bill By Over $100/Month – Part 3
This is part 2 in a little three part series that details how we lowered our cell phone bill by over $100/month. Feel free to catch up before reading on.
- Part 1 – Breaking Up With Verizon
- Part 2 – I’m In Love With Ting! (this post)
- Part 3 – Glyde Smoothed The Way (tomorrow)
I’m In Love With Ting!
Some people say it’s not natural – that it goes against the natural order of things. But I can’t help it. I’m in love! And I don’t care that it’s with a telecom company!
Ting is an MVNO (Mobile Virtual Network Operator) that runs on the Sprint network.
The basics of it go like this: Ting buys bandwidth on the Sprint network and sells it to Ting customers. Not every phone that runs on the Sprint network is eligible to be used on Ting, but our beloved iPhone 4S became eligible late in 2013 and they are adding more (even quite new Android devices) all the time. You can either buy a phone from Ting, or BYOD (bring your own device) that you purchased elsewhere. As long as it’s Sprint compatible and on their list of approved devices, it should work!