January 27, 2016
January 2015
DROUGHT! DROUGHT! You must use less water because DROUGHT! If you don’t, we’ll be forced to fine you or charge higher rates for higher usage.
September 2015
Good job, you saved so much! The state will now not fine us for being wasteful.
December 2015
Because you used so little water this year, we didn’t collect enough money to cover our costs so we’re charging you 15% more.
January 2016
Use less water! Oh by the way, your bill is 20% higher.
Me: ……
January 22, 2016
We’ve made one decision about the car, at least.
We’re taking the salvage car and title and selling the car for three reasons:
- The buyer said that he would deal with actually getting the salvage title,
- He would deal with the smog check,
- And he came to us to pay for it, saving PiC the trek to the DMV and the shop (hours away)
All of the time PiC had previously spent on the car rental and the evaluation at the shop was a sunk cost up to that point, but now we can consider covered by the $200 over salvage value that the insurance will pay.
The math: the insurance agreed to pay out $5200. They deducted $800 from that value because we’re taking the car. The buyer paid us $1000. After the costs of driving and dealing with all the details were deducted (mentally), we’ll have $5400 in hand.
Meanwhile, we’re temporarily out our $500 deductible and the cost of a replacement car seat until the Other Driver’s insurance coughs up the reimbursements.
On the replacement front: PiC has found a few decent looking options for around $6000 if we’re willing to buy older (we are) and buy a fancy German make (ehhhhh….).
We’re both ambivalent about getting a car that is usually a status symbol even if it’s old and only costs $5000-6000 because we don’t like that the car logo will signal a level of wealth and luxury we don’t aspire to. Wait, that’s the luxury part. I absolutely aspire to the kind of wealth where I could afford a fleet of these, no sweat, but I also absolutely do not want anyone to know that I have it. That might be an odd reason to avoid the purchase in an area where it’s not that unusual to see Porsches and Teslas, who’s gonna give two hics and a hoot?
Still, we’ll have to ruminate on this for a while.
Would that bother you?
And friends with recent (last 5 years) carseat buying experience: What did you use when your kids outgrew the infant size seat? Our current one is rated for up to 30 lbs but if we’re going to replace it, we may as well get a different model that accommodates from 20 lbs and up.
January 18, 2016
That car accident is just the Christmas gift that keeps on giving.
They saw it coming but it was still a shock when The Driver didn’t even tap her brakes. I was looking down at LB when I sensed something terribly wrong and threw myself over LB at the same second That Driver slammed into the passenger door. What I thought I would protect LB from, being on the wrong side to cushion the blow with my mere flesh, I don’t know. Probably it was all instinct since I don’t remember thinking anything but oh $!&(#(
Stunned, everyone verbally checked on everyone else. PiC was slightly panicked asking if we were ok because he couldn’t see us in the dark. I was about to be in serious pain, but it hadn’t registered as I checked LB’s limbs all intact and safe in hir seat, at the point of impact.
Ze had been gnawing on a plastic jar of nuts, hir temporary chew toy and maraca. The impact had thrown it out of hir tiny hands. Ze pulled away from my anxious checking, straining forward against the restraints, concerned only for where those nuts had gone.
Huge, shaky sigh of relief.
All that matters is that everyone was ok, but dammit, what an amazing pain in the everything it is to have someone crush into your car!
We had a plan, dammit
There’s something about humans planning and God laughing, right? (Jerk) Because that applies here. We’d wanted a larger car to accommodate our growing family but decided that we’d make this work for another 2-3 years. I wanted to squirrel away all the cash for a possible down payment.
Now what?
Now we do insurance. Now we do rental cars, and inconveniences, and trips to the shop. We have a very car savvy friend advising us on a few things, but the upshot is that almost everything sucks.
Our car is considered a total loss. It’s still amazing that no one was injured, because That Driver pulverized nearly the whole side of the car and it’ll cost twice the book value to repair everything, maybe more. The frame was damaged, both doors are flattened, and I’m pretty sure that the bumper was half crushed. The shop estimated the work to start at $7000 and that’s before they took anything apart to see the worst of the damage.
But book value puts our poor car at a mere $5500 despite the brand spanking new tires we literally bought the day before, and the other accessories that would normally have meant something to a prospective buyer.
At least That Driver did have insurance and so, even though she’s been MIA for two weeks refusing to respond to their calls, they’ve ruled in our favor that she’s 100% at fault and they’ll pay for everything including our $500 deductible.
That helps a little but not much. Our choices, such as they are:
- The car is a total loss: take the paltry payout from the insurance. Find a new car.
- This sucks because PiC has been scouring Craigslist and his usual used car sales haunts and keeps coming up empty. There’s nothing out there that fits our requirements, not even close, and we’d have to spend $10,000 on a compromise.
- We could take the money and just wait for a while but being a one car family means that I can’t run any errands during the week.
- The car is a total loss: take the paltry payout from the insurance minus several hundred dollars, take the car to be salvaged (complete with a salvage title), pay everything we received and maybe another $2000 to repair it.
- This sucks because though we’d get our car back, which suits our needs, we’d be out of pocket $2000+ for a car with a salvage title so if we were to try to sell it later, it’s not going to tempt any buyer for more than that $2000, likely. If that much.
- But it does give us a working vehicle so we don’t have to scour Craigslist for the next few weeks or months.
- The car is a total loss: take the paltry payout from the insurance minus several hundred dollars, take the car to be salvaged (complete with a salvage title), sell it to a shop for about $1000 which covers the salvage value the insurance deducted and gives us another $200 toward a replacement.
- $200 is a lot of money when you think of just money in hand but is it worth the hassle? Either we have to trek to the DMV to get the salvage title processed, and then take it to the shop to sell the car, or get the insurance to process it which may take weeks while the shop holds the car. The shop has a $100/day storage fee that presumably would be waived but if the buyer at the shop changes his mind after 2 weeks, we’d be out $1400 instead of up $200. Personally, I’m no longer in favor of bothering with this sale – our time sunk into this fiasco is over a dozen hours at this point and it’s much more valuable than $200 to waste at least another day of work on it.
Want to guess what our final decision is?
That Driver’s moment of inattention has cost me weeks of pain, PiC dozens of hours in insurance wrangling frustration and car hunting, and cost us a great working vehicle that will cost more than several thousand dollars to replace. Awesome.
December 30, 2015
Y’all, I’ve never been so cold in my life in Southern CA. Our semi-mountain hometown is already seeing temperatures below 30 degrees F, it’s just the start of winter, and this year may be the biggest El Nino ever. As it is, for us native Southern Californians, these temps are just cause to burrow indoors and not emerge til Spring. If this gets much worse…. well.
This means post-Christmas is now about looking for warm things for Dad and somehow making sure that he uses them. The house is a mess, the landlord still hasn’t fixed some key things that ever so frustratingly affect the heating situation so while of course he wouldn’t actually tell me, I’m quite positive that Dad neither has enough warm clothing or enough warm blankets for the frigid nights. It’s horrible to harbor the suspicion that if I don’t do something about it, he cannot survive the rest of this El Nino winter.
Naturally, not doing something isn’t an option. A heavy fill down comforter is on the way, and it had better arrive this week! Now the quest is on for a really warm jacket. He’ll probably feel ridiculous in a puffer jacket but that may be the best choice to keep him from freezing and shattering into tiny Dad-bits and pieces. I’m scouring Amazon, LL Bean, and REI for a reasonably priced, minimum 700-fill, good quality coat. My store requirements, as always, are a good return policy, and fast/free shipping. Most jackets seem to run above $100 and are closer to $200. Is that normal? Probably is for a good high-quality jacket which should really last him years. It’s been more than a decade since I shopped for men’s jackets.
Maybe a few flannel or thermal shirts and pants would be useful, too? While I’m obviously willing to spend some money to make sure he’s comfortable, it’s also clearly not limitless, so I have to make the best use of the funds I have. Any frugal keeping warm solutions are welcome.
Gratitude, when frosty or toasty
While I’m searching, and click click clicking online to find the best deal for the best thing, I am ever so grateful for the ability to see a problem and having enough that I can throw some money at it. And it’s one of the many things that, though we’re not wealthy, makes me feel wealthy.
Some of the most trivial things but therein lies the privilege of having enough.
Turning on the heat when we are bundled in socks and sweaters so we don’t have to pile on a jacket inside. Also, not having to sleep bundled in our winter coats at night.
Owning books. As a child, I was starved for books. We didn’t own any, my parents encouraged reading in the abstract but our $20-30K (at best) annual household income meant I spent a lot of time reading all the books at the local library and gobbling up any books I encountered anywhere. If you had a book, I was willing to be your friend long enough to read it before I had to go home. (If there’s anything I would overcompensate on for LB to make up for my childhood, it’s this right here. I already do.)
Machine washing clothes. It wasn’t that long ago that we were visiting Gram in the countryside and handwashing and linedrying all our clothes. Robots that automatically clean AND dry your clothes? LUXURY.
An investment portfolio. 15 years ago, “savings” meant filling my piggybank, a gift for my 7th birthday, with all my paychecks that weren’t already spent on bills. Now, I can spend a fairly respectable sum each year on the gift of future income. How incredibly rad is that? (hint: OMGOSH so rad)
Really warm socks with no holes. Growing up, all my socks were hand me downs and/or the sort of cheapish variety that practically came with holes in them. About six years ago, we splurged on three pairs of these incredible Thorlos and they are practically still as good as new, even after heavy duty wearing during Comic Con and just generally keeping my feet warm.
A close second: fuzzy socks. They’re not as luxurious, they tend to run thin, but they are fun and warm.
Having enough postage, toilet paper, toothbrushes. You wouldn’t think much of any of these until you run out and there’s no money for more. Or you use your toothbrush until the bristles only go sideways because you can’t imagine throwing out a toothbrush. This is why I’ve got a package of toothbrushes and toothpaste made up for Dad, too. I’m sure he won’t spend any of his cash on them.
:: Over to you, what makes everything feel cozy and luxurious and safe for you?
December 15, 2015
Three months after LB was born, life was less than ideal. I was restless, impatient, and struggling to find my place again. And any clothes that would fit.
Then: The closet’s my usual target for a shakedown when I’m feeling antsy but it makes no sense to weed out clothes until my weight settles. The possible casualties of a post pregnancy body:
Two “new” bras that are two Christmases old. Suckers aren’t cheap! hadn’t They didn’t get into rotation before falling pregnant (as the English so elegantly put it) so I don’t get back to normal, I’m out $130 for new bras.
$100 for the tailoring of my wedding dress that has pockets and fit Old Me like a glove.
On the other hand, at least two pairs of shorts would fit me if I stay this size.
Now: I’m still shedding pounds, months later, so the closet is only undergoing organizational changes. No layoffs yet, but a few rehires.
Then: Just one among many things that are uncertain at the moment.
Now: Still true. Less a feeling of frustration and more a feeling of anticipation, though. A touch of the resting winter, preparatory to a new year?
Then: Our taxes can’t be filed by April 15. I hate having to file an extension.
Now: Still hate this but it may not be the case in Tax Year 2016!
Then: I’ll have to return to work sooner than I like and I don’t know how well that’ll work with LB’s lack of schedule.
Now: Not having answers wasn’t a disaster. Surprise!
Then: If I want to branch off into my own projects sooner rather than later, this requires a commitment to the one most likely to produce some kind of income. Don’t know what that is, yet.
Now: I still want to but until I can make a few hours to test the right thing, I’m working on the writing project.
Then: Seamus is rotund and I’m not sure if it’s diet or exercise related. It’ll take some time to sort him out.
Now: He had put on ten pounds of sympathy weight. We cut back on his food and increased his outings, and he’s back to his svelte self. Incidentally, that meant I was getting more exercise more regularly but I didn’t lose much more weight til the Great Flu of the summer and fall. Nothing like disease to manage your weight. /sarcasm
Then: LB is changing every single day. That’s a good thing but at the same time, whatever worked yesterday doesn’t work today and definitely won’t work tomorrow. Keep hopping!
Now: Yep, ze just keeps changing but the behaviors and habits are starting to become a little less wildly different day to day. Ze has now slept the whole night through to a reasonable hour in the morning TWICE in hir life!
Then: We can’t make any major money changes right now. Well, can’t and don’t need to. But I’m kinda bored with status quo – I want to be making decisions and making it happen! (probably a sign that getting back to work is a good thing.)
Now: No longer true! We kept on saving all year, I’ve made investments, we’ve traveled and correspondingly spent what we experts in personal finance might call “a crapload” of money doing so.
December 14, 2015
As we bleed money this year-end, I want to put up Christmas lights. To remind myself not all is lost? Irrational? Maybe. It’s not like we’re going broke. It’s just a remarkably expensive close to an otherwise pretty good year. And it was a good year. (I jumped the gun on the yearly recap but being grateful for what you have and accomplished isn’t the worst perspective to wear before writing a wish list.)
Except for this disgusting viral thing that was so bad it knocked us all down for more than a week, badly enough we would have headed to the ER for the fevers if we couldn’t get them down. Losing that week was bad enough but the lingering aftereffects just rub salt in the wounds. Oh, right, salt and wounds, the bleeding money thing. This is what our Fall has looked like.
Annual expenses
Car registrations: $450
Life insurance: $900
Property taxes: At least $5000
Christmas presents: $260
Museum memberships: $350
My IRA contributions: $5500
*Increase in childcare expenses: $1500 (per month for now. Expect this to go up. Of course.)
One-time expenses
Estate planning, retainer: $4000
Miscalculated tax, $700
Stock purchase for Christmas, $10,500
Mortgage prepayment, $XX,000 (not prepared to put that in print yet!)
All this wouldn’t seem that bad, even, if it hadn’t been preceded by a few months of higher expenses (hello, Summer).
Still, it has sucked up every penny of our cash reserves, our incoming paychecks for a few more weeks at least, and even touched our savings. That was the last straw.
Looking at the due dates for the stuff I can’t change, you’d think I would have been smarter than to take on the voluntary stuff (life insurance, memberships, the lawyer) at the end of the year but noooo. Of course not.
Is it just me or does the end of the year bring you the gift of annual expenses?
November 6, 2015
Wealth inequality should be addressed from more than just a rich vs poor mentality, this WSJ post says, and shares several charts that look at wealth and age, race, education and generational money.
Disclaimer: I’m not an economist, and I don’t play one in my spare time. (What spare time?) It’s beyond my current brain to intelligently discuss the underlying factors that influence the wealth gaps right now.
Instead, charts! And data points!
How do we stack up? I’m comparing against the next two highest age markers because I feel 80 years old. Ha-ha yes yes, funny funny but no really, I do. And it’s not entirely because every bone seems to creak differently each day. But also because 40 adds an approximate handicap for our bigger extenuating circumstances: my poor health and related uncertain producing future, our three dependents of varying health statuses, our (my) penchant for adopting senior dogs, our high COLA.
Average assets: we are 1-2x the average
Average debt: we are 3x the average.
Wealth gap: I’m a bit miffed that just because whites and Asians trend along the same line we’re just all lumped in under white. I’m not even remotely white. Way to pretend we don’t even exist, WSJ.
Aside from that – I’m the first in my immediate family to have a college degree, while PiC’s at least the second, or third generation, even with a college education. The ability, whether we were self-funded (me) or not (him), to even obtain that education has to be an influence on the ability to make and keep wealth.
Millionaire?: I don’t know where to place us here. I don’t have a higher ed degree and PiC does. This only matters because I insist we’ll hit the million mark by the time I’m 40, come hell or high water. Admittedly, I likely won’t be comfortable with qualifying for seven figures based on a net worth including or even primarily relying on the stock market (our retirement and investing portfolio). That feels risky? No, that’s not the word. It isn’t as if holding everything in cash isn’t a sure way to lose ground, given inflation. It’s just that if the market takes a significant hit, at a certain point you run out of time for it to recover. I talk money with retired friends regularly and it was a sobering realization that even a very healthy portfolio isn’t any kind of guarantee against recessions. I grant we’re still a long ways away from retirement and relying on the portfolio, but it’s a factor.
Inheritance: Nope. PiC has some something from his family but I don’t count it on our net worth because we don’t consider it ours and likely it’d be funneled straight down to LB in some way if we don’t manage to send it back to his mom. I have absolutely no reason to expect an inheritance.
How about you?