June 5 to June 19 has been a busy period of time. Mrs MBG started her Summer Break from teaching on June 10th. That very same day we flew to Omaha Nebraska. Work hard. Play hard. That's what I always try to do.
Her fare was confirmed and one-way. She drove home via Twin Falls, ID and Scottsdale, AZ on an epic summer road trip that moved her brother from medical school to residency.
My visit to Omaha was much shorter. We arrived at 2am. Got the rental car. Went to the hotel. Slept. Ate breakfast, then I went out chasing milkweed and monarch butterflies at the local parks. I flew home that same day and slept in my own bed. It was great, but I cant stand the humidity in Nebraska.
June 19th 2016 was Fathers Day. Since becoming debt free I have been able to send the parents little gifts that I previously wouldn't have sent, while in debt. Hopefully its all about "the thought that counts" because the gifts are only about $10.
June 17th is the anniversary of our wedding. Mrs MBG and I got hitched in 2014. Since she was still out of town we made plans to enjoy a nice meal at a local historic building that serves a fine meal on a white tablecloth.
Paycheck in review
Over the previous five months literally half of our income has been going toward the Home budget category. 50% of the budget is a big deal. Why is it so high? The mortgage isn't to much for us. The landscaping project is about to begin. Landscaping is $29,192.28
That's a whole lotta bacon! So far we have cash flowed $14,596 to get the project started. The remaining $14,596 is going to be a balancing act. I reallocated $100 that was set aside for honey. Put that into landscaping.
Saving for a goal
Home continues to get about 50% of my income. The total cost of the landscaping really caught me off guard. It is much higher that I expected when we purchased the new home in September 2015.
The sad truth is that we are planning to go against everything I believe in and take out a $10,000 loan in March. This plan is painful to think about. While the terms of the loan may be for three years. I expect to have it paid off much quicker.
MBG will be getting a raise
I am a union member in the TWU Local 555. After five years of negotiating with our company we have voted yes and have a new five year contract. The contract has a higher wage structure which is a big win.
In addition to higher wages there will be a lump-sum cash bonus paid within 90 days. Another highlight of the contract is that in 2018 the company 401k match increases from 8.3% to 9.3% which is incredible.
Budgeting is like a drug
Mainlining bacon is not an option, so I budget. Budgeting has become second nature. So has saying the word no. Saying no is no walk in the park. I would love to say yes. But I would rather have money.
I have been hard-lining on the budget. There is one cheat that is in the toy box. Not entirely proud to say. Only about $50 of the Bank Savings category is really for savings. And even that $50 is going into an account used for date nights. I bought holster and a gift for my mom, then rabbit food for the wild rabbits. Always paying myself back. Back to even. Its a bad budget habit that needs to be broken.
L O A N is a four letter word
I said it. I wish I could take it back or make it go away. LOAN. Fuck, I said it again. As recent homeowners we have an obligation to the community to put in a back yard landscape. We are opposed to having a lame backyard. So we designed a yard that is amazing.
Amazing yards are not cheap. I thought one would cost about $6,000. Turns out that number is double - then doubled again. Seriously? Yes. We are paying about $24,000 for landscaping. needless to say it's over our budget. We may be financing up to half of the cost. My bacon blood is boiling.
If and when we roll-on with this loan... I just don't know where that puts me in the universe. Stay tuned.
The fear of a loan has me adding another $402.22 to the savings account. The more we pay upfront. The less we will be borrowing. Thats all I have to say about lending right now.
I enjoy money and bacon.
You share email.
You get blog updates.