So glad the corner can light turned out so well highlighting those cabinets! Great when a plan comes together!
Technically I’m still at work today, so the week-long cabinetry-cation will only commence when I get home. But we took some time to hang the first two cabinets earlier this week (see picture to the right), and I’ve been riding a bit of a high off that ever since.
Since starting off my cabinetry making adventures with a bang three months ago, I’ve really slowed down the process of making the cabinets. Don’t get me wrong, I’m still really enjoying building the cabinets – it was just a matter of logistics.
I’ve been adamant since the beginning that I wanted the flooring to extend under all the cabinetry, so we really had to wait until the flooring was in (at least in the kitchen) to start installing the cabinets. After some initial delays with getting the flooring (and delays figuring out how we were going to install it!), that’s now been ongoing for the last few weeks and progress has been made. Mr PoP and I grouted the areas where the cabinets will sit (and a little beyond) last weekend.
So while all the flooring has been in progress, we’ve really been tight on space to “temporarily” store cabinetry. How tight, you ask?
Continue reading Happy Friday – Cabinetry-Cation (Part Deux) Commences!
Welcome to our September 2015 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 dropped another almost 3% this month. Though we had a decent month in terms of income/spending, we weren’t quite able to counteract all of the market’s downward inertia, and our portfolio saw a drop as well. On the bright side, we were able to buy shares at lower prices! =)
There wasn’t a whole lot else to note, just that Mr PoP’s 401K is officially maxed out for the year. Mine happened a month ago, so there won’t be any more deposits into those accounts until January. We’ll be putting whatever after-tax money that comes through our paychecks instead into our taxable accounts.
Where are we this month?
- Our total assets down by $5.8
- Our total liabilities went down by $1.0
- Net worth went down by $4.7K
- Total net worth as of the end of September is $901.6K, which represents a 0.52% decrease this month.
And for the details…
Continue reading PoP Balance Sheet – September 2015
Welcome to our September 2015 Income Statement!
Kitty PoP loves it when the food bin gets refilled. He loves it even more when I step out of the room and he can sneak some while the lid is off!
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.
Spending this month was pretty par-for-the course for 2015. By that I mean, remodeling spending kicked the total up higher, but when you back that out, we’re below what we aim for as our “personal” spending, even with some fun/luxurious spending happening this month.
Kitchen Remodeling spending this month was a little shy of $1,600. Most of those expenses are related to the tile install. While that sounds like a lot to be spending on a DIY-installation of 550 sqft of tile (especially since it doesn’t count what we had already paid to remove the old tile and prep the floor for a clean install), here’s how it has shaken out:
- $300 to pay a coworker’s husband (and former tile installer) to come over and work with Mr PoP for a very labor intensive day to get us started. Not only did he help us map out the layout and help Mr PoP learn how to get those 6×36 plank tiles laid well, he also personally laid more than 150 sqft of tile (that’s 100+ tiles!) that day.
- ~$400 in tile mortar and spacers. We’ll probably need a more, but this will take care of a lot of it.
- ~$650 in a self-leveling system (specifically the Tuscan Leveling System for those curious). Using this system is allowing Mr PoP to lay these tiles more precisely and eliminate lippage (when the edges of adjacent two tiles aren’t in the same plane and there’s a height difference between them). We will probably need to buy more straps to finish off this job, but it’s been well worth it and we’ll be able to re-use the caps and gun when Mr PoP installs the rest of the tile in the house.
Grocery spending was also off the charts high, but eating out was surprisingly a little low so we ended up *only* $100 over our goal for food spending. =P
Travel was also on the high side. We had the second half of Mr PoP’s Bay Area vacation per diem hit this month and we also purchased a plane ticket for Mr PoP to visit friends over Thanksgiving weekend. It worked out better to pay cash for that ticket, since fares in miles were crazy for the holiday weekend this year.
Here are the full numbers…
The Bottom Line
- Earnings before principal paydowns and savings allocations of $7,096.
And here are the details…
Continue reading PoP Income Statement – September 2015
Mr PoP’s tile install in progress…
This weekend, I was using my time waiting in line at the grocery store to check in with our Mint account (as I do to manage our finances in just 15 minutes per month) and laughed out loud when I saw where our grocery budget was. I was standing in the checkout lane picking up a couple of items (not even our main trip for the week) and we were already $100+ over on the grocery budget for the month.
I knew instantly where that $100+ had gone, or at least the vast majority of it. The Publix deli department. Fresh mozzarella balls. Custom olive mixes from the olive bar. Roast beast – both in and out of subs. The dollar amount we use for our grocery budget ($350/mo) was set knowing that there would be *some* deli splurges like these. It does not account for the sheer number that we have had of late. =P
To some hard core budgeters out there this was anything but a laughing matter. So why did I laugh?
Because I Thought Of The Bigger Picture
Continue reading Tracking Finances (And Other Stuff) And Maintaining Perspective
While no neighborhood is perfect, I’ve been reflecting lately on how awesome ours really is.
It’s the kind of place where… Continue reading Happy Friday – Enjoying Our Neighborhood