fbpx
:::: MENU ::::

Browsing posts in: finances

Coffee Chat 2025 edition

by

It’s been a long time since I’ve hosted a virtual coffee date catch-up! Pour yourself a cup of joe (or tea, or water, or mimosa? – no judgement here), and let’s catch up! If you want to dive into blog archives to see how my life has changed, check out these past virtual coffee dates from: 2014, 2015, 2017, or 2023.

Health

If we were having coffee, mine would be with just milk – no sweetener. I’ve been working on cutting back on sugar and have finally trained my taste buds to enjoy coffee without the extra sweetness. Small wins, right?

This past year, I’ve gone through a bit of a fitness identity shift. After years of distance and trail team running, I’ve completely stepped away from long-distance running. I needed the break. These days, I’m into weight training, which has been great – but I miss the camaraderie. I’m toying with the idea of registering for some shorter Fall races to ease back into the running world and soak up a few more trail miles with friends without the commitment of lengthy training plans.

Kids

The girls are just a few months away from turning 13 – how did that happen?! They’re playing school volleyball this season, and it’s been such a  joy watching their skills and confidence grow! They both started out shy and tentative but are really coming into their own. I’ve even found a summer volleyball camp to keep the momentum going – just once a week and only $50/month per kid. Total win!

Family

If we were chatting over coffee, I’d probably get a little somber here. It’s been a heavy year for my family. We’ve lost both my dad and my husband’s grandpa. I have an uncle in hospice and a cousin in late-stage ALS – so I expect more goodbyes are coming. Another uncle is battling colon cancer, and a rare chemo complication led to cardiac arrest. He’s still in rough shape.

On top of that, my stepdad went in for what was supposed to be routine hip surgery, but it has turned into a nightmare: three surgeries in six weeks due to implant failure and fractured femur. He’s now completely non-weight-bearing for six weeks. It’s been a huge toll physically and emotionally. If you are the praying type, we’ll take all the prayers we can get!

Finances

If we were really diving deep, I’d dip into the topic of finances. I’d admit that the recent market volatility has been really scary. We’ve lost quite a bit, and it’s been tough to even log into our accounts. We also recently inherited a sizable sum and want to steward it wisely. While some friends have encouraged us to splurge, we opted for a tempered splurge: turning our formal living room into a dedicated home office!

The whole project should cost about $5,000, with us acting as our own general contractor – hiring a drywall contractor, an electrician, and doing the painting and barn door installation ourselves. My goal is to have it finished by the end of summer.

You might wonder why we decided to create an office. The truth is that we were considering moving, but when dabbling in looking at real estate, we realized home prices (and interest rates) are just too high for us to compete! We could spend literally DOUBLE what we spent on our home, and end up a home that’s not even as nice as ours. So we’re staying put and making this one work better for us.

The new office will give me a proper workspace (with a view that isn’t of our trash cans) and my husband will take over the guest room/office space for occasional use. Win-Win!

Work

Work has been…..rough. Our department has had an interim head for a year now, with no permanent replacement in sight. University leadership has completely turned over – new president, provost, CFO, CIO, you name it. That means shifting strategic priorities, and a lot of uncertainty with budget models.

As a long-term planner, this limbo has been tough for me. I’ve handled it by trying to lean into side projects – mostly writing. I’m currently working on a book proposal and hope to have the proposal finished and ready to shop around to literary agents by the end of summer. Wish me luck!

Summer Plans

This summer will look very different than the past. For the first time, the girls don’t really need daily childcare. I haven’t signed them up for any traditional camps (except the once-a-week volleyball one). Instead, I’m flying them to Austin for “Mamaw Camp.” They’ve been begging for a solo trip to visit their grandparents, and this year it’s happening! The timing coincides with a work trip I have to D.C., so it works out for everyone. My mom is thrilled – after all the hard stuff with my stepdad, she really needs something to look forward to.

And the big one: we’re going to Hawaii! A literal lifelong dream of mine! My mom went to college there, and I’ve always wanted to go. We booked a package through Costco: 8 days – 4 on the Big Island, 4 on Oahu. Our top must do’s are Volcanoes National Park (Big Island) and Pearl Harbor (Oahu). We’re also planning to snorkel and attend a luau, but I know there’s so much to do there (more than we’ll have time for). If you’ve been, tell me what is not to miss!

Your Turn!

Thanks for hanging out with me and catching up! What are you up to? How’s your work, your family, your health? Got any tips for managing a home remodel or planning Hawaii adventures? 

I’m grateful for the friendship/readership after all these years!



Post Sale – Budget – Take 3

by

Thank you for all the notes, definitions, constructive criticism. Without further ado, here’s take 3 of my post sale budget.

post sale budget - version 3

Notes: Monthly Bills

I will revisit the life insurance after I get settled in Texas, but for now it remains.

Yes, I am giving myself a $400 monthly allowance. I have no clue if/what I will spend that on. But I am giving myself permission to have some sort of social life and explore this area where I’ve never lived before. Not to mention, this gives me the means to take a break from the house/caretaking every week which will be very much needed for both mental health and because the internet at my parents’ home is terrible for the most part.

Someone did ask about my phone/hotspot line item which was in Version 1, but not in Version 2. I have moved those to my business budget again now that my business is making enough money to cover those expenses. I will share that budget at a later date.

I don’t think there are any other line items that need any explanation.

Notes: Sinking Funds

I think I’ve moved all the correct categories from monthly bills to sinking funds.  Thank you to whomever defined sinking funds so clearly in the comments on one of the previous budget posts. Do I have right now?

These numbers are based on 8 months (remainder of 2025) and bill dates. I won’t know my auto insurance renewal rate until August so this is based on anticipated numbers. But I’d rather over budget than under budget.

I will have more clothing costs this year so that number is about $200 more than my typical annual budget. This is because 1) wedding and 2) moving to somewhere VERY hot, and I have lost over 30 pounds recent with more to lose. (Did I tell you that not only am I the mother of the bride, but Beauty also asked me to be the Matron/Maid of Honor? I feel so honored and the note she wrote and words she said brough me to tears.)

Because my travel will be sporadic, especially over the next 8 months, I moved gas/travel to a sinking fund. My guess is that for the first 3-4 months, it will be like GA where one tank of gas lasts a month. Then come September-November, I will have some travel expenses. So the sinking fund makes sense, right?

Note: Savings

My savings goals are more long term rather than 8 months. Obviously, I want to completely fund my EF as quickly as possible which will begin with the house sale.

But the other two goals: housing and new car are more long term and I put a target date to reach those numbers there.

Car Savings

My car has over 100,000 miles on it and I the plan is to put a substantial number of miles on it over the next two years. It’s in great shape, well maintained, and a Honda. With all those thoughts in mind, my goal is to be able to purchase a newer, new to me car when needed, but hopefully no sooner than 4 years.

Housing

My goal is to cash flow land and a tiny house beginning in 2 years. There were lots of comments about not saving for this line item until I’m debt free. Here’s the deal though. I am about to be houseless. It’s my choice and I’m excited about the adventure and opportunity this gives me. But it’s not a long term plan.

If something should happen to my health or my parents, which will be my homebase for the next two years, I need to have the means to get housing for myself. This line item covers that contingency plan should I need it sooner rather than later.

Alright, I’m ready. Give me all the notes and feedback. I feel like I’m getting pretty close here.