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Posts tagged with: consumer debt-free

House Proceeds – Computer, part 4

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This is part 4 of my How I Spent the House Proceeds series. You can find the previous parts in the previous posts.

Within a week of my arrival in Texas, my computer broke. I spent a week limping through work and trying to find somewhere to fix it. But no luck.

Hope's Dell XPS with Chic Fil A meal

You guessed it, I bought a new computer. And mouse. And the AirPod Pros I mentioned in a previous post.

BUT before you jump down my throat…unnecessary spend, yada, yada. I have insurance on my work computer. I just haven’t filed the claim yet. Not sure how much I will get back, but it should cover at least part of this new expense.

Total Spend on these items: $1,919*

*This includes a 2 year full cover warranty on both the computer and the AirPods. With extended travel planned for the fall, and a lot more movement during my day to day work life, it just made sense to make sure I was fully covered. I didn’t want to have this challenge again.

And when I have time, I am going to try and get my Dell XPS fixed and either keep it as a back up or sell it. Maybe. Just haven’t had time to deal with it.

Total spent from House Proceeds as described in this and the last 3 posts: $9,347. More to come…

House Proceeds – Insurance, part 3

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This is part 3 in my July series: How I spent the house proceeds. You can find Part 1 here and Part 2 here

I paid the 6 month premium on my (and Princess’) auto insurance and the next quarterly payment of my life insurance policy.

Auto insurance for 2 cars, 2 drivers, full coverage: $1,730

Level Term life insurance policy (quarterly): $159

Total spent: $1,889

Doesn’t Cost More

First, I know that paying off my auto insurance policy in one lump sum doesn’t really make financial sense. It doesn’t cost me any extra to make monthly payments nor does it same me any money to pay it in one lump sum.

But the mental load off was definitely worth it to me. And now I can just save monthly to do it again in September. Which is when Princess will take over her own auto insurance policy. (Yes, I give each of my kids “help” for 6 months after their schooling ends. They have all gotten this same 6 months.)

Life Insurance Debacle

My life insurance has been a question for a couple of years now. And while I’ve made a couple of phone calls over the years. I’ve never actually done anything about it. I had a 20 year policy that I took at when I was pregnant with Princess. I had a chance to convert it, but the cost and coverage just didn’t make sense.

So I’ve just been letting it ride since the original term expired last December. The cost was $24 per month. And is now more than double that with the coverage declining steadily.

After I arrived in Texas, I started calling and reviewing options. A term life policy for $75K would run me $175+ monthly. Yikes! So I’ve decided to move forward with another 20 year policy. My application is in review now. And I completed the medical exam a couple of weeks ago.

If all goes well, it will run me $55 per month and provide $100K coverage. ($100K was the lowest coverage they would do, not the amount I was looking for.)

We will see what happens…

After 3 parts of how I spent the house proceeds, I’ve now detailed how I spent $7,428. More to come…