PoP Income Statement – November 2016

Welcome to our November 2016 Income Statement!

Llamas! I loved them in Ecuador =)

Llamas! I loved them in Ecuador =)

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 ended up being a pretty busy month for us – with each of us going on our final trips of the year (me to Ecuador, and Mr PoP back to his hometown to hang out with old friends for a few days).

The income statement was less busy… well, mostly.  We had pretty big outflows for our investment properties, but those were the annual property tax bills.  We always know when they come, so they’re never a huge surprise.  

On the personal side of the income statement, it was actually a really low month for us, without a whole lot of noteworthy spending.  $323 covered incidental spending for separate vacations for both of us, where I was gone for 8 days and Mr PoP was gone for 4 days.  Car insurance for the next six months ran about the same amount.   Everything else was “on target” or even a little low, without any unexpected expenses.  

 

We’ll see how December shakes out, but it’s feeling good to almost have another whole year in the bag!

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $5,628.  

And the details…

Continue reading PoP Income Statement – November 2016

Happy Last Friday – Fred

Last Friday was pretty special, and since it’s still making me happy a week later, I figured I needed to write about it and share it here.

My Last Friday

The gorgeous library - with free tea!

The gorgeous library – with free tea!

I started the day by waking up in a 400+ year old monastery in Ecuador, not quite wanting to get out of bed as the fire in the room had gone out overnight and it was a little chilly.  But it was the last day of my trip in this beautiful area, and there was free time built into the Chautaqua‘s schedule to take advantage of it.  So while curling up with a book in the library would have been nice, I also wanted to get out and see some more of the countryside by foot.

The downside to this plan was that, despite being 7-weeks post foot surgery, I still needed to be pretty cautious and not overdo it.  So… when a big group of folks headed off on one more ambitious hike, I decided to opt for the one that was more of a “walk” than hike. Thus, at the fork in the road just a minute or so into the hike, they headed left up the hill, and I headed right, towards a flat lane that would lead me on a pretty easy walk through the countryside.

Continue reading Happy Last Friday – Fred

PoP Balance Sheet – October 2016

Welcome to our October 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!

Balance sheet was really boring this month.  The stock market went down a little more than 1%, and we put enough into our investment accounts to *not quite* balance that out, ending the month down a little.  Boring, but boring feels pretty good!

Here are the numbers for October:

  • Our total assets down $3.2K
  • Our total liabilities went down by $0.5K 
  • Net worth went down by $2.7K 
  • Total net worth as of the end of September is $1,236.8K, which represents a 0.22% decrease this month.

For the details…

Continue reading PoP Balance Sheet – October 2016

PoP Income Statement – October 2016

Welcome to our October 2016 Income Statement!

My No On 1 yard sign lives right underneath The Tree for all the neighbors to see.

My No On 1 yard sign lives right underneath The Tree for all the neighbors to see.

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.

All in all, October was actually a pretty good month when it comes to PoP spending. Apparently being immobile most of the month is not a bad way to cut down on spending! Joking. Well, mostly.

My favorite spending this month was a donation I made to Floridians for Solar Choice (as well as buying the “No on 1” yard sign in the picture right there). This group has been leading the charge against this False Solar amendment, and though I try to stay outwardly apolitical, the dirty tricks surrounding getting this amendment on the ballot compelled me to do something to support their efforts because I kept encountering intelligent adults who were reading the ballot text of the amendment and getting confused as to whether or not it was actually “pro-solar”.

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $9,067.  

And the details…

Continue reading PoP Income Statement – October 2016

Design Dilemma

This is what it's like today. The white door leads to the garage, and the cabinet built into the wall is a shallow spice cabinet built between the wall studs.

This is what it’s like today. The white door leads to the garage, and the cabinet built into the wall is a shallow spice cabinet built between the wall studs.  The broom closet is the void without a door.

Due to my foot being sliced open about a month ago, I’m still largely benched when it comes to helping out with our ongoing remodel. (Recovery definitely progressing, but slower than some of the optimistic estimates, sadly.)  Nonetheless, I did help Mr PoP hold a measuring tape this weekend, though. Twice!  So yay for progress!

While I’m in no shape to be helping Mr PoP lift or flip our countertop – definitely a two-person job since it’s heavy solid wood over 1.5″ thick, I have been trying to use the time I’ve been spending sitting on my butt thinking through some of the remaining decisions we need to make.  There’s one decision that I can’t seem to come up with a solution to, though. So while I absolutely HATE when people offer unsolicited design advice, today it’s completely solicited.   At least with the caveat that I offer no guarantees that I will like what I hear or follow any of your suggestions.  =P

Today’s Problem: The Broom Closet

Continue reading Design Dilemma