Happy Friday – Finally a 1 Car Family!

Chock full again - of the car of Mr PoP's dreams...

Finally down to 1 car – and what a car!

Mr PoP stayed up late a couple of nights ago to make sure the hand-off went well, but around 11pm, the car hauler finally loaded the car up and drove off with it. Mr PoP celebrated… I slept. =)

And with that we were finally officially a one car family – about 3 years after making our initial announcement about becoming a 1 car family on this blog. Alas, we were kindof lying then even though we didn’t really realize we were. Continue reading Happy Friday – Finally a 1 Car Family!

PoP Balance Sheet – May 2017

Welcome to our May 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!

You may not have realized it, but we recently crossed over a milestone – five years of publishing monthly financial statements as we pursued various goals and tried to live life pretty fully along the way.  Five years isn’t really short in real-time (heck that’s a kindergartener for some of our friends!).  But in internet-years, the blog has definitely reached at least middle age, if not nearing retirement.  The very first post on our blog was our balance sheet in May 2012, and it’s fair to say we’ve shown a fair bit of progress since then.

So while it’s been quite a ride in the last 5 years, this past month was mostly boring.  We sold the Miata, which brought in about $4,000 in extra cash from an asset we had written down to zero, so that’s always nice.  But the rest was pretty boring!  (I’m still waiting for the exciting month when our 401K has at least 401K in it!)

Here are the numbers for May:

  • Our total assets up $25.8K
  • Our total liabilities went down by $0.5K 
  • Net worth went up by $26.3K 
  • Total net worth as of the end of May is $1,409.1K, which represents a 1.90% increase for the month

For the details…

Continue reading PoP Balance Sheet – May 2017

PoP Income Statement – May 2017

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.

IMGP0747We’re a little late delivering on this promise, but here are MOAR OTTER PICS!!!  Clicking on them should enlarge them.  I think Mr PoP did pretty well getting some good pics without scaring the little (well, kindof big) guy away.

The months are flying by here in the PoP household.  This last one started off with some great folks coming to spend the weekend in Florida while we streamed the Berkshire Hathaway annual meeting in our living room, and is ending (as I type this) with Mr PoP happily ensconced in the garage doing some work (replacing some 20+ coolant hoses and other stuff) on his NSX.

Speaking of working on the NSX, it’s more important than ever that Mr PoP gets it in daily driver shape (that’s what he’s working on now!) because we decided to sell our other car – a Miata.  We sold that over the weekend and are (kindof) back down to one car.  (We’ll explain the “kindof” soon, I promise!)  The Miata needed some work before we sold it – her pesky AC needed a better fix after the quick fix the local shop had attempted the previous month, so Mr PoP did that, and then a few other “little” things added up to several hundred dollars in repairs.  But that felt worthwhile when selling it to someone who turned out to be an early retiree!  We have little doubt that he’ll take good care of her car and use her until the very end.

IMGP0785All in all, life is pretty great, as Mr PoP seems to constantly be reminding me lately.  Seriously, he’s taken just to saying, “Our lives are pretty great” on a not-irregular basis.  It’s adorably endearing and I’m glad he’s super happy.  Though let’s be real – I could do with another three day weekend like last weekend.  =)

 

Here’s all the rest of the numbers…

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $7,299.  

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

Cushy On Our Tushies!

After years of preparation, here we are… finally sitting pretty.  Well, sitting *on* something pretty.  And for that I have to thank Frugal Paragon, for being such an awesome inspiration.  And my mom, for sitting me down and teaching me something I wasn’t really nuts about when I was nine years old well enough that I could remember a lot of the basics and online tutorials could mostly fill in the rest 2.5 decades later.

IMG_7524You see, I just spent the last two weekends sewing seat cushions for not only the bench seat in the dining room, but all the chairs as well.  And (IMNSHO) they turned out pretty darned well!  (Especially the last two I made.  I definitely got better as I went along!  =) )

These cushions have been a long time coming.  Specifically since we installed the bench seat roughly  a year ago and I realized that it can get pretty uncomfortable to sit on un-molded plywood for hours at a dinner party.

I didn’t originally plan to sew these myself.  I thought I’d be able to find cushions that I didn’t hate pretty easily.  Sadly, I found that not to be the case, in no small part because of the mish-mash of shapes and sizes of seats that we needed the cushions for.  The bench seat has 3 seats with hinged opening, 2 of which are the same size.  Then we have 2 library chairs, and 2 petite chairs.  Finding cushions to fit all of these, and remotely match was going to be a custom job, and those tend to come with custom prices. Continue reading Cushy On Our Tushies!

Sorry for the interruption!

Sorry for the blackout everybody!

For a hot minute we thought our anonymity had been compromised by somebody at my office; we panicked and pulled the site till we could know for sure. Happily, all is well and we’re back up.

To all of our readers that wrote to ask what the deal was-thank you! You’re a big reason why this blog is still up and running =)

Check in tomorrow for 100% more pictures of otters.

 

Thanks,

Mr. PoP