So what does it take?

Waiting on a HELOC and it’s been like 3 weeks just since the appraisal!  It is getting downright ridiculous.  By the time it comes through, my CD will have matured and I won’t need it!!!  ARGH!

 

On a brighter note, the market fell another 200 points.  WTF?  Not looking like it’s going to be a good rebound month for the Grind.

Crash and Burn...

Well, I knew it would be a bad month, but I was SHOCKED by the results.  27.5K LOSS for the month.  CRAP!  This puts me back an entire year.  Ugh.  I suppose we can say that it’s not truly that big of a loss because we have been putting in a TON of money into the house.  But, as it racks up on paper, that’s what it is.

 

Not much more to say about that…  Hopefully June will rebound.

Spending is Getting OUT OF CONTROL!!!

With all the new work being done on the house, the spending just seems to be non stop.  The credit cards are higher than they’ve ever been probably and I wonder how much we’ll have to tap into the home equity line we’re taking out.  I’m hoping less than 10k, but I’m not so sure anymore.  Granted, we can afford this as we have a lot of money in a CD that matures in October, but I am really concerned with what the numbers are adding up to this month.  And we’re just rolling into the summer!  Since my wife teaches, that means for the most part, only my paycheck will be coming in over the summer.  I really am going to try and spend as little as possible.  No more “extras” at the grocery store.  No more eating out from work.  Gas and essential groceries for me for the most part coming up in June.  We will be going to the Borgata and to the beach in June, but the Borgata room is already paid for and the beach stay is free.  Just what we spend there will be the only issues.  And hopefully I may win a buck or two in AC.  Hopefully I still know how to play poker.

 

I’m tempted to post up the damage once the statement comes on the 27^th.  I think it’s going to be over twice as high as my monthly goal is.  Stop the madness!

test

Testing out the mail to option…

April Net worth update!

We're back to a 3 month streak of positive growth! April was a very good month (thanks to the market rebounding and tax returns)! For the month, we're up $12k. Also, it's a milestone as this is the highest Net Worth we've seen so far! I'll take it! I look for May being a pretty bad month though. I had to put close to 30k down for closing which really bites. At least no mortgage payment until July 1 though. That's always a good thing. Also, the mortgage is paid down 13k so my debt will be less. Heck, I might not come close to 500k again unless we buy a new house or other bad things happen... I'll keep my fingers crossed that I stay gainfully employed well into the future.

Because of all that we put down on the refi, we'll probably get a home equity line just in case. That was most of the cash we had on hand until our CD matures in October. We didn't originally plan on doing anything to the kitchen so we'll have to get a line so we can pay for that. The good thing is the rate will be less than what I'm earning in the CD.

I'm anxious to see how May pans out. I'm hoping we don't take too big a hit. After such a good month for April, it'll hurt taking a hit in May. Oh well, a lot of that is for home improvement. I really think despite the market we've really improved our homes value. By the time we sell, I really do think we'll make out well on it.

Well, work officially blocked Blogs!

I am distressed to say the least! I've been reading them on my blackberry and I frankly don't like that.

I just set up my mail to setting so I can blog via email so hopefully more updates more often!

Financially, we have a ton going on. Let's list the major financial engagements we've been going through the last month or so...

Tax return
New bathroom in basement (probably fully paid for by tax return or pretty close to it)
Wife decides they did such a great job on bathroom that now the kitchen will be done as well. This is going to hurt a little.
Refinance - GREAT rate, but our house appraised for less than we bought it for so I had to put down a lot of cash to do this. Oh well, our mortgage is less than what it was so that's a good thing.

Coming up next...April Networth update

Tax refund put to work

Home improvement projects have begun. What began as an optimistic month in the savings category has jumped to spending spending spending. Although it's actually money well spent and can be seen as an investment. We've begun the bathroom addition. If all goes well, it could be done by the end of next week. Maybe even sooner. But man, I will be racking up the miles this month as I continue swiping the credit card. It's becoming sickening honestly.

I'll post up some pics when it's all done.