Frustrating Cash Flow

Aug 13, 2010 @ 10:03 am by EMS

The months of July and August have been frustrating in regards to our cash flow.  In addition to paying for our vacations, we’ve had all 3 kids in daycare, which is raking up weekly bills of $280.  In addition, this hot summer has led us my wife to keep the air conditioning on nearly 24/7 resulting in $125+ electric bills each month.  Additionally, we started the process of the water line installation with a $500 deposit to an excavation contractor, and will will have to save an additional $800-$1,000 from what I had originally expected because I underestimated the cost of installing the line to the house.

We’ve been faithfully saving 15% of my paycheck each month, but I’m afraid that I’m going to have to pause that plan for at least this pay period to get caught back up with things.

There is some light at the end of the tunnel though.  In 3 weeks, our middle child will begin full-day kindergarten, which means that we’ll have only one child in daycare, which hasn’t been the case in nearly 7 years.  I also finally installed an outdoor clothes line which will hopefully significantly decrease the amount of electricity we are using to do our laundry.  I’ve been trying hard to exclusively use our debit card in order to keep our credit card debt to less than $1,000 for the September billing cycle, at which point we should be pretty good shape again.

July 2010 Investment Comparison Report (-0.04%)

Aug 13, 2010 @ 09:49 am by EMS

Our investment performance much stayed even with VTI in July 2010.  It was a huge month of gains and we saw a 6.98% investment performance over the month and I’m pretty happy that we were able to stay so close to our benchmark.

As of right now, our August investment performance is outperforming the index by well over 1%, hopefully that can continue.  It will be even nicer if we can get a gain out of the month.

July 2010 Net Worth Report (+$9,332)

Aug 02, 2010 @ 09:36 am by EMS

July is generally a good month financially for us, and 2010 continued this tradition.  With some very good gains in our investment accounts and a credit card bill about $600 less than what we had in June, we gained $9,332.

We are moving forward with the refinance plan and hope to close at some point this month.  This plan will knock our interest rate from 5.75% to 5.15% without incurring any closing costs.  We will continue to pay what we are currently paying monthly against our mortgage, will will result in an extra $200/month going towards principle on the loan.

My biggest concern financially for the immediate future the lingering water connection situation.  We have enough cash to pay for the actual connection and hookup, but I’m not confident that we have quite enough readily available cash to pay for a plumber to do the inside connection to our water system.  My philosophy on the matter has been that I’ll hold out on the connection as long as possible, and the township has yet to force the matter.

June 2010 Investment Comparison Report (+2.16%)

Aug 02, 2010 @ 08:33 am by EMS

I just realized that I forgot to report our June investment comparison report…

June was the first month that our investment portfolio beat our benchmark of VTI.  Unfortunately, it was a very down market and we lost 4.13% in value throughout the month, but that was better than VTI’s performance of -6.29%.



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