“It’s Just Stuff” Has A Whole New Meaning

On the night of Friday, September 8th, I was in NYC, safe at a friend’s house. But that night I couldn’t sleep. Mr PoP and Kitty PoP were still at home in Florida, and though I knew they would be trying to leave the next morning – presuming that the remaining flights weren’t cancelled like so many others had been, I still couldn’t sleep.

Earlier in the day, the police went around our neighborhood telling everyone still around (there weren’t many) they were under mandatory evacuation notice and that if they needed assistance during or immediately after the storm emergency services could not guarantee they would be able to reach our streets.

Sidenote from Mr PoP – The mandatory evacuation notices were surreal.  After midnight, as I was attaching the last boards to the house before leaving the house, police cars were riding slowly through the street announcing (again) the mandatory evacuation over the loudspeakers and instructing everyone to get out.  

Flying car!

Flying car!

Remaining friends that thought some of us had been overreacting and had originally planned on riding the storm out in town had pretty much all changed their minds and gotten out.

Mr PoP had raised the car up on jacks inside the garage to give it any help it could in avoiding potential floodwaters.  That brought it to 22″ above the ground.

I had seen projected storm surge maps showing our coastline (our beautiful coastline that that we live about 1.5 miles from as the crow flies), as having possible 10-15 foot storm surges. I’m not sure how, but I managed to find a NOAA map that showed which areas had a 10%+ chance of varying water depths due to flooding from Hurricane Irma’s rain and possible storm surge.

I zoomed in and found our neighborhood on the map. That didn’t help. My thoughts started racing and instead of sleeping this is what was going through my head. Continue reading “It’s Just Stuff” Has A Whole New Meaning

PoP Balance Sheet – September 2017

Welcome to our September 2017 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!

The S&P500 was up in September, which helped boost our net worth up even in a month where we felt like we were spending everything in sight.

Here are the numbers for September:

  • Our total assets went up $21.9K
  • Our total liabilities went down by $2.4K
  • Net worth went up by $24.3K 
  • Total net worth as of the end of September is $1,496.6K, which represents a 1.64% increase for the month

For the details…

Continue reading PoP Balance Sheet – September 2017

PoP Income Statement – September 2017

Please guys, not another road trip!

Please guys, not another road trip!

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.

It seems as though every month when I look back to compile our Income Statement and Balance Sheet posts it feels like the previous month passed too quickly.  But September 2017 is one for the record books in that regard.  We pretty much had 1 weekend of normalcy (luckily it was a nice 3 day weekend!), before Hurricane Irma took over our lives (including our financial lives) for the month. =/

Our highest categories this month are (shocker) all Hurricane related.

A quick, mostly already paid for, trip to Brooklyn for a family wedding ended up turning into a weeklong saga full of flight changes – including Kitty PoP’s first flight!, monitoring news from home pretty much constantly, staying with two different sets of wonderful and amazing friends along the way, topped off with a through-the-night road trip from Atlanta back home again.  (The road trip was Kitty PoP’s least favorite part – he chewed through the carrier wall about an hour from home!)

We usually aim for ~$100/day in travel incidentals, so thought we’d have ~$400 in travel costs this month.  Instead it was $1,830.  ~$500 of that is flight costs, but the other ~$1,300 is just what we spent on what I have deemed our 7-day long Hurrication.  We were definitely not being frugal – Lyft drivers earned a fair amount from us that week, but we were all safe and money was of no object after that.

Hurricane prep and repairs were another $1,051 – this is just our house.  About half of this was spent before the storm to prep the house or during the Hurrication so we would come back with ample supplies (some of which we’ve even given away to neighbors since then).  The other half is in the DIY repairs we have done at our house so far.  There will be another $2000 in non-DIY repairs at our house, and probably $500 to remove two now decapitated palm trees from the yard of the duplex.  But that will be another month.

The last Irma related expense is charity.  We feel so lucky and privileged that we were able to deal with all the craziness of the evacuation and know that even if the storm had done significant damage to any of our properties we would have been able to deal with it financially.  So we wanted to give to some who are not as fortunate as we are, and who were also hit worse by Hurricane Irma than we were.  So far we’ve given $1,000 – but I want to make sure the employer matching funds go through to the charity we chose (one that was a local leader in providing immediate relief and recovery in one of the poorest areas that was also one of the hardest hit) before continuing to give to that charity, or before giving some in Puerto Rico.

Now that October is here, maybe we will finally feel a little less hurricane-obsessed (though I’d prefer if we could fast-forward 2 months and have hurricane season be over).

Here’s all the rest of the numbers (since there were non-hurricane related expenses too)…

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $5,132.  

And the details… Continue reading PoP Income Statement – September 2017

Post Hurricane Irma Check-In

Our pool cage - basically all the screen waist high and up was gone.

Our pool cage – basically all the screen waist high and up was gone.

Things are starting to get back to normal in the PoP household after Irma blew (and boy did she blow!*) through our little town.

* According to neighbors who know someone in the neighborhood who had a nice weather station – before Irma blew the weather station off the house (hence the ‘had’ in the previous clause), the weather station clocked maximum wind gusts in the upper 140’s mph. That’s fast. Faster than Mr PoP has ever taken his NSX, that’s for darned sure.

It’s a rarer sight now to see convoys of electrical bucket trucks roaming around town, and it’s been at least five days since I had the urge to follow said electrical bucket trucks around screaming, “You’re going the wrong way; my house is this way!!!”

I don’t know how they are going to get there, but I hope every last one of these trucks finds their way to Puerto Rico as the Puerto Ricans start to pull themselves out from under the mess that was back-to-back Hurricanes Irma and Maria.

At Our House

Continue reading Post Hurricane Irma Check-In

Happy Friday – Happy Electricity!

Our house was without power for 11 days, but got it back Wednesday night.  The relief was huge.  Even Kitty PoP seems more energetic and less lethargic with a little bit of A/C.  =)

More to come probably next week on where we stand after Irma rolled through our little town, but it has been a heck of a ride and it’ll take us at least a few weekends of work around the house before we’re recovered here.

And our hearts are going out to everyone in Puerto Rico right now.  They are going to have a very long recovery from being hit by Irma and Maria basically back to back.

What are you happy about this Friday?