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short sale-taxes?

September 19th, 2012 at 01:02 pm

Well not much has changed since I last blogged. Our savings is about the same although I haven't been using our credit cards and have paid down some on them!

We have gotten an offer on our house though. However, we are worried about not closing by the end of the year and missing out on the mortgage relief tax credit. I was wondering if anyone knew about filing for insolvency when doing our taxes if it took longer than the end of the year? Would we be able to include our mortgage? We owe $180,000 and the offer is for $101,000. Does that mean we would be insolvent by $79,000? We don't have any equity in our vehicles and I think our credit card debt would cancel out our cash. So so confused...

Bills paid for the week

June 6th, 2012 at 04:30 pm

I usually pay the bills on Friday when we get paid, but the truck payment was due today so just paid everything.

415-truck loan
15-to cap. 1 c.c.
57-to cap. 1 (#2) c.c.
94-to citi card
95-best buy c.c.
100-gas for both cars for the week.
This will leave us $80 spending money for the week. Should be easy since all I need from the store this week is pull-ups and milk.

Had to take out $75 from savings to pay the cell phone bill I hadn't budgeted for (since I thought it would be free) plus used the $50 I was going to save from groceries to help pay for it. A little frustrated because that's the 3rd time this week we've dipped into the savings , but very grateful we have it for when we need it. I don't know what we would do if we had nothing at all in the bank. Oh well, at least all our bills this week went to paying down debt...and we didn't add to it!

Frustrated with T-mobile

June 5th, 2012 at 08:05 am

Last time I called t-mobile they offered me a promotion that if I renewed my 2 year contract that I could have 1 month free service in May. I went ahead and did it because we had no plans to drop our cell phones anyway. Well I got my May bill last night and was still charged for the service. When I called to ask them about it, they said they had no record of it and it's not something they could offer me. They said I have to write a letter to customer relation and then they can review the tape recording. Hopefully they won't say this was lost too. On top of that they charged me for unlimited text messaging when I told them I didn't want it. They said they would take it off my contract but I still had to pay for this month even though I didn't use it. Very very frustrated with T-mobile. Out of 10 years of service, this is the first time I've ever had a problem with them.

First time shopping at Winco

June 4th, 2012 at 11:29 am

Winco just opened up here a few months ago but unfortunately it's on the other side of town, about a 20 minute drive. I had coupons for the buffet at the hotel next to Winco though, so we figured we would make a morning out of it. The four of us went out to breakfast, which ended up being free (coupons for dh and me and the kids we automatically free)and then we went to Winco and I was completely blown away by there prices. If it was closer to home I would do all my shopping there. Here are just a few things that I got:

.98- 12 pks. shasta cola
1.99-24 case of water
1.48- 2 lb. strawberries
.99- tortilla chips
3.98-20pk. coca-cola
.48-hot dogs
1.28-artichokes(never seen them this cheaper, ever)
.98-ground beef
3.98-3lb. bag boneless skinless chicken breast
3.98-1 lb. shrimp
2.48-1 lb. tilapia
2.49- 1 lb. roast beef lunch meat

I also stocked up on other things such as peanut butter, syrup,fresh veggies, butter, cereal, juice, eggs, ect. but can't remember the prices off the top of my head. Overall we spent $125.00, and since it wasn't in our budget this week, we had to take it out of what we had in our savings but I'm ok with that because A) we used it for something we needed instead of throwing it away at the casino, and B)we used cash instead of sticking it on the credit card. I should have plenty of groceries now to get me through the next two weeks. All I should need next week is milk, bread, and some pull-ups, so I'm going to try and put
fifty dollars from the next paycheck back into savings instead of buying more food.

Other than that, the only thing we spent money on this weekend was beer, margarita mix, and charcoal to bbq at home, but that came out of our weekly spending money.

cheap meals?

June 1st, 2012 at 11:02 am

I'm pretty good at cooking cheap meals such as stir frys, sheperd's pie, hot dogs, pasta, salads and things like that but it gets kind of boring eating the same thing over and over. Anyone have any different ideas? I have $50 budgeted for groceries this week and already on the list of things I need are: cat food, milk, bread, eggs, cooking oil, fruit, and lunch meat. I do, however, have free coupons for a frozen pizza and ritz crackerfulls! Plus I have plenty of frozen chicken in my freezer.

It's been almost 2 years

May 30th, 2012 at 11:30 am

Well it's been a few years since I last blogged and boy have things taken a turn for the worst. I know right before I stopped blogging, I was talking about dh possibly being laid off. Well it happened. He was laid off for eight months and then the same company hired him back on but for less pay. During that time, not only did we blow through most of our savings but we also racked up a ton of credit card debt. It's been a real struggle but we really need to try to get back on the right path. We've also used way too much money at the casino. When we first moved here, we used to always win and now all the casinos are so tight that no one is winning. With the layoff and dwindling savings, I think we were a bit desperate for something to happen, but we just blew through more money we didn't have to waste. Now it's time to put our chins up and try to do the right thing.

The worst part of it all though, is that we are now going through a short sale/foreclosure process. We bought out house in 2007 for $186,000 and now it's only worth $79,000. With dh's paycut and no more overtime and with us losing our babysitter so I can no longer work, things are pretty tight and there is no way we could make our mortgage payments.

shopping and car refinance

July 13th, 2010 at 08:01 am

Well we decided to refinance our SUV. We had a 16.49% interest rate and now we are able to get a 9.1% interest. We put $1000 down and we decided to keep our payments exactly the same but we knocked an entire year of payments off so instead of 4 years we now only have 3 years left now. We did take that money out of savings but I feel it was worth it since it's going to pay off debt.

I absolutely love the outlet mall that we have. It's about 45 m.in. From us but we go down there every few months to check it out. When we went this last time I stocked up on shirts and shorts for the boys at old navy and the childrens place and everything I bought was under $4. I found a bunch of cute tank tops at gap for myself that were a whopping $1.50 each. I buy all my pants at american eagle because it's the only place I can find them small enough that fit right. Usually their about forty dollars but I found a pair of jeans and a pair of capris on sale for $15. At bath and body works I only spent $20 but I got 3 air fresheners, 2 hand soaps, a lg. Vanilla candle, a perfume, and bubble bath. I love when I can get a good deal.

Now we are trying to save for vacation. Next month my SIL is bringing her kids to my in-laws in san diego and we are going to meet her there for a week and take the kids to the beach, lego land, and whatever else we can find. I am hoping to save $1000 between now and august 13 so we don't have to take any out of our savings. This Friday we'll be at $275.

It's been a few months

June 9th, 2010 at 08:05 am

Well it's been a few months since the last time I blogged and luckily hubby still has his job and I still have time. Last time I was on here I was talking about how they were doing layoffs where hubby worked but it seems that work has now picked up for the rest of the year.

We amended our tax return when we recieved more mortgage papers in the mail after we had done our taxes. It was a good thing we did because we got another $1800 back. We are now almost at the $14000 mark in our savings. It's making me itchy to spend money though. Last weekend we went to Macy's and bought the set of Emeril's stainless steel pots and pans. I really love them but they are really hard to keep clean. We did get a great deal though. Usually they are $279 but we got them for $175 plus a free cast iron skillet. I have also been buying extra groceries. In the past few weeks I've spent about an extra $120 on food outside of our normal budget but we have really needed to stock up for a while. I bought a lot of meat for the freezer and a ton of fresh fruit and veggies. I am one lucky mama because my kids will choose fresh fruit over sweets any day. My oldest just turned 3 in April and my youngest turned 1 last month. For both of their birthdays I couldn't get them to eat their cake, they only wanted the fresh strawberry's that were in the middle of the cake.

Our hot water heater busted last month and that cost $642 to replace. We then had our air conditioner serviced a few weeks ago and we were informed that it's about to die on us and may not last through the summer. We're lookin at about $6000 to replace it. Boy am I not excited about that. It's something we'll have to do though because it's already 105 degrees and it's only the beginning of June. On the bright side we are now under $13,000 on our car loan. We are hoping to pay it off by the end of next year.

We really want to take a vacation soon. I'm a little worried about hubby taking a week off from work. I still don't think things are secure enough for us not to worry about his job. I just hate telling hubby no we can't go when I know he really wants to. We want to go to the beach but I looked on hotels.com and wow the prices are really steep right now for a decent hotel. The only hotels that were even near $100 had less than a 2 star rating.

Well hopefully I can curb my desire to spend our money like crazy and I can get over that $14,000 mark and maybe get up to $15k. I wish hubby was more of a saver though. He never spends anythng without asking me but whenever I look at something and say I like it he's always telling to go ahead and get it, that I deserve it. As much as I love him for that it makes it that much harder for me to tell myself no and that much harder to tell him no when he asks if he can get something.

Still up in the air

March 8th, 2010 at 07:33 am

The company my hubby works for has officially lost their big job and because of that they laid off the afternoon guy and cut the part time guy down to 10 hrs. a week. Things are looking pretty grim. Some of you said to try and apply for other jobs but if his boss ever found out he was looking elsewhere then they would lay him off immediately because it would look like he wasn't a loyal employee. There really isn't anywhere else to apply anyways because all the places he knows of around here are also doing layoffs or have completely shut down. Friends and family of ours in the same field have been trying for a year+ to find a job with no luck.

We couldn't possibly sell our house either because we owe $180,000 and the houses in our neighborhood are selling right now for $110,000. The best we could hope for is a short sell. We also got the $7500 tax credit for first time homebuyers and I don't know how we would be able to pay that back also if we lost the house. I would hate to use our whole savings on the house and then lose it anyways and be too broke to start over. Nevada no longer has extensions on unemployment and so we would only get about 3 months of unemployment pay and I don't feel confident in hubby finding a job around here in that short a time.

I was talking to my mom and she feels like we should just move to Ca with her as soon as he gets laid off and try and keep what money we do have. Anyways were still a little stressed here but still hoping for the best.

not sure what to do...

March 4th, 2010 at 10:37 am

Things have dramatically slowed down at hubby's job. They say if they don't get busier than they are thinking to lay off everyone at the quarry except for the foreman. That is definitly not good news for us. I don't make nearly enough to support us as hubby made 3x as much as I do. The last two weeks he has only gotten 32 hrs., which isn't bad and I would be happy if they kept him on even if they reduced hours because it will be next to imppossible to find a new one. My father-in-law does the same exact thing as hubby and he got laid off a year ago and still hasn't found a new job. Also all of hubby's friends and old co-workers who do the same type of work have already been laid off with no luck of finding a new job. On top of all this, the news reportedd the other night that there will no longer be any extensions on unemployment in NV, and instead of 20 wks. of pay, you will now only get 13 wks. They have not told him definitly what will happen, but it sounds like their preparing him to be laid off. Were not sure what we should do. Should we stay here and try to save our home and use up our savings to get by, or should we say good-bye to the house and pack it all up and stay with my mom? At least that way we can keep our savings to help us get back on our feet when things start to get better. It's hard to think of saving this house when we owe twice as much as it's worth and even if we use all of our savings it's only temporary because as soon as that runs out, then we will still have to leave it. It's tough thinking that we've made it through so much of this recession to now have hubby lose his job! In the mean time I will pray for the best and hope it all works out for the best.

re-doing taxes?

February 2nd, 2010 at 08:38 am

well we did our taxes a few weeks ago and we got $2800 back but I thinkwe jumped the gun. I forgot about refinancing the house and being able to deduct the MIP and interest from that. We just got the paperwork yesterday and when I went to the tax calculator t see if we would have gotten much more back, it jumped up about $600. Is it worth doing an amended tax return or is it bad to do that? Would they be more likely to try and audit you?

opinions on new health insurance

January 20th, 2010 at 08:35 am

Hubby gets a new health plan starting Feb. 1st. We have two to decide from. The first one is an HMO and has no deductible or out-of-pocket-max. and costs $32/week, which is what we are paying now for his current health plan. The second is a HMO + PPO, where you can decide which to use, depending on what the doctor or hospital takes. The HMO side has no deductible or out-of-pocket-max. but the PPO side has a $2250 deductible and $18,000 out-of-pocket-max. It also cost $64/week, which is $32 more a week out of his paycheck, and that =$1664 more a year. Also, if we use the ppo side we still have to pay 20% of everything after we meet the deductible but the hmo covers everything. We have always had PPO and am not sure how hmo is. Does anyone have an hmo plan, and how do you like it? Would it be worth the extra money every week to get the option of having both? We are all very healthy and only plan to have routine check ups, but we do have two babies to think of.

all kinds of updates

January 12th, 2010 at 10:45 am

Well it's been a few months since i've updated my page. My youngest is now 7 months and a whoppin 22 pds.! My how time flys.

December was pretty good to us. We put an extra $400 towards our best buy card and we were able to put $1200 in our savings, thanks to my hubby's xmas bonus. We didn't spend too much on christmas, just around $150. We bought our oldest a few toys and i got hubby some new shirts and a pair of jeans from j. crew, his favorite store. Luckily we have a big outlet mall here and all the clothes were 60% off. That store is way too expensive to shop full price. My wonderful parents sent two full boxes of presents for all of us. My son now thinks his nana is santa claus!

January hasn't been too bad. So far we have added $211 to our savings. Our goal for the year is to cut back on as much excess spending as possible and try to save save save! Usually work is pretty slow for hubby at this time of year since he's a heavy equipment operator, but he's been lucky and not only kept his 40 hrs. a week, but has put in 16 hrs. of overtime so far this month.

We're now waiting to do our taxes. We have hubby's w-2 and our mortgage statement, but I don't get mine 'til the 21st. I estimated on hr block and it said we should get a little ocer $2900 back, so I'm hoping it's pretty accurate.If so, we need to use $1000 to register our cars with the dmv and put new tires on one of the cars.

Our computer is starting to slow down and our washer and dryer are getting a little louder, so these are things that will need to be replaced within a year or two. We figure we will use them until they just about die because I'm not excited about dishin out the money for new ones. Our appliances will be paid off in November, so if we need to get new things we will put them on our best buy card with 18 months no interest. We have plenty in savings to pay for these things but it makes me feel much more comfortable making payments, since theres no interest. As long as we keep enough in savings to pay it off if need be, I don't feel bad about using the credit card although I know some people would disagree with me.

We've done much better on our eating out these past two months. We had been averaging $200 a month on eating out, but the past two months have been around $75. It's still not great, but much better. We have, however, been spending more on groceries. I used to try to stick to $100 the first week of the month, then $50 a week after that. We now spend $80 a week. I do include diapers and household stuff into this, and i guess with two kids we don't do too bad.

The only things we've done to the house is get a new computer desk and chair. We did get them on clearance at office max and spent $150 on a small dark wood desk and brown leather chair.

We are planning to take the kids to disneyland next spring. The kids will be 4 and 2, so they will be old enough to enjoy it. I know some of you have recently gone to disneyland and I'm wondering about how much it costs so I can try and save throughout this year so we'll be ready to go next year. I'm thinking about $1500-$2000? We'll probably go for about 3 days and we'll drive since we only live 5 hrs. away.

Well i think that about sums it up. Hopefully I won't wait so long to do another update.

workin on paying off the credit card

November 3rd, 2009 at 09:44 am

We took our boys to get their pictures done on Friday. We were only going to go and do the $8 package so we would have pictures to send to family. Well they took such cute pictures that we wanted to get more than just one pose. We ended up getting a 20x24 mounted and framed wall collage, a cd with all the pictures plus the copyright so we can print pictures anywhere, and 12 full sheets, including 2 calenders and 2 collages, all for $330. They lady did give us a discount though. She took $100 off the wall mount, $30 off the cd, and then 25% off our whole order, and she didn't charge us the $80 for the collages. However, I still felt guilty spending that much money just on pictures, no matter how adorable.
We decided instead of buying family christmas presents, we would send them pictures instead. Both my family and his were fine with this and since we had budgeted $300 for presents, it pretty much equalled out.

Well while I was feeling guilty about spending so much money, I figured we get ourselves into these situations by keeping too much money in out checkings. I like to keep an extra $1000 or so in case something comes up, or they decide to cut hubbys hours all of a sudden but it seems like we tend to use it by eating out or buying clothes or something for the house. I decided to start only keeping $100 extra in checkings and then if something comes up put it on our emergency c.c. and pay it off at the beginning of the month with extra income for that month. Hubby agreed this was a good idea.

Earlier this year we bought all new stainless steel appliances at best buy with their 18 month no interest credit card. We have until next December to pay it off but we are hoping to pay it off sooner so we can start paying down our Suv because hubbys work car is about to give out and we don't want 2 car payments if we can help it. Well we took $500 from our checkings and put it towards our best buy card. This left us with $150 in checkings after paying for the pictures. I know we wont dig into our savings for misc. expenses but we will only if hubby's winter hours get cut and we need it to pay bills with. However, I think by puttin excess money to the credit card, we will be able to stop "wasting" money on things that aren't necessities. My in-laws are suppose to pay us back $100 of the $800 they borrowed from us on Wed. and I will put that to the c.c. too. Wish us luck sticking to this plan and not going back to our old ways!