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Reflections on Home Ownership: 2 Years In

Woo! I have lived in my condo for over two years now. In some ways, it feels like it has been far longer (my mom was convinced I’ve been here three years). And you know what that means? The next time I request one of my credit reports, I only have to list this address :)

If I sold my condo today for the exact same amount I bought it for 2 years ago, I would have spent about $9,019.23 more than I would have renting over the same time period. If the market has truly gone up by as much as it looks like it has by the sale prices around me, buying would be cheaper than renting today by $76,284.27. Buying should be cheaper than renting at my purchase price by the end of 2014.

The mortgage balance at the end of June sat at $152,167.66. It was at $187,552.40 at the end of December, so I have paid down $35,384.74 in the last six months, for a total of $133,832.34 in the 24 months that I have owned my condo, while still maxing out my 401(k), Roth IRA, maintaining my $20,000 emergency fund, and occasionally adding to my taxable investments. I now have 57.5% in equity (assuming purchase price) and have paid off 46.8% of the original mortgage balance. If I didn’t make any more pre-payments, I would have just under 15 years left on the mortgage, which is pretty good considering that it was a 30 year mortgage 1.5 years ago.

What interesting things have I bought for my condo in the last six months?

  • ~$2,500 on the closet organizer install and painting. These have been absolutely wonderful and my only regret is that I didn’t do it right away after moving in! Spending $2,500 on it then seemed a lot harder to fathom than it did this year.
  • ~$110 on replacing the two programmable thermostats in the condo. We will see in December whether this reduced the electricity from heating at all, but the new thermostats are definitely far nicer to use and they do seem to detect the room temperature better. I’ve also been considering installing another heating vent in the master bedroom as it gets chilly on the end of the room without one in the winter. That would probably cost $500.
  • ~$140 on a new container, a second perennial and then some annuals.
  • ~$100 on replacing all of the lights in the kitchen, hallway, second bedroom, and some of the lights in the master bathroom with LEDs. If all of my light bulb electricity is in the second tier and each of these lights is on for an average of 3 hours per day, it would take 382 day to break even or slightly over a year, shaving $7-26 off each bimonthly electricity bill.

I got a bit frustrated with how much my property taxes and HOA dues went up this year ($700 from last year), but then I realized that if I was still renting, my rent would be up probably $300/month from last year, so I’m quite happy with where things are sitting at the moment.

Things haven’t been super exciting on the mortgage front these last six months. The mortgage is almost half gone though, which is pretty exciting! Some days, the chart below astonishes me at just how much of the mortgage I’ve paid off in two years. $133,832.34 is $66,916.17 per 12 months or $5,576.35 per month on average, which is a lot of money!

June 2014 Mortgage Balance

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June 2014 net worth update (+2.1%)

31-Dec-2013 31-May-2014 30-Jun-2014 MoM YTD
cash $13,500 $7,500 $9,100 +$1,600 -$3,400
savings $27,400 $22,300 $23,700 +$1,400 -$3,700
investments $134,600 $152,300 $156,700 +$4,400
+2.9%
+$22,100
+16.4%
mortgage $187,600 $153,000 $152,200 +$800
+0.5%
+$35,400
+18.9%
net worth $345,900 $387,100 $395,300 +$8,200
+2.1%
+$49,400
+14.3%
liquid assets – debts $49,000 $15,000 $6,900 +$6,300
+47.7%
+$42,100
+85.9%
$ until FI $823,900 $846,400 $835,700 -$10,700
-1.3%
+$11,800
+1.4%

Spending was pretty average this month. I got my annual insurance bill though and it’s due a month earlier than I thought it was AND went up by almost $300 (payable in July, when I had thought August). I asked my agent to check the rates and the package I have is still the cheapest, so I guess this is what I’m stuck with. I also did a lot of stock-up spending in June and had a bit of a weekend away.

My net worth is now close enough to $400,000 that I would probably surpass it in July if I wasn’t going to get only a $650 paycheck due to finishing up my maximum 401(k) contribution. Instead of making any pre-payments this month beyond some credit card rewards early in the month, I pushed all of my after-tax paycheck savings (only $1,300 this month) to savings to help cover cash flow for the next few months. Since the interest rate on my checking account (1.57%) is better than the interest rate on my savings account (0.87%), I left the money there instead.

Expenses: I spent $2,870 in June after the mortgage or $1,840 without it. So far, my total spending for 2014 is $22,750, which is $45,500 annualized. To hit my $38,500 spending goal for the year, I need to spend no more than an average of $2,625/month over the remaining 6 months this year. I’m starting to think that the annualized figure is looking more realistic than my original goal due to various fixed costs going up more than I had thought (HOA dues, insurance, and property taxes are up over $1,000 combined from 2013).

Some of my controllable expenses broke down as follows:

  • $107 Athletic wear – 5 more workout tank tops and some underwear. Found some good sales :)
  • ($55) Jewelry – I returned the two necklaces I didn’t like from last month.
  • $91 Outerwear – I bought a new long rain jacket. It’s off season for it, but it was exactly what I was looking for. I’m going to donate my old long rain jacket that I don’t really like the style of anymore.
  • [Total clothing spending in June: $143] – it almost seems like I need a no new clothing ban in the next few months while I sort out job stuff!
  • $104 Entertainment/Social – And we’re back to a more normal month for this year. [average this year: $208, last year: $224]
  • $25 Eating out by myself [average this year: $14, last year: $25]
  • $1 Groceries [average this year: $204, last year: $152]
  • $170 Work lunches [average this year: $159, last year: $77]
  • $53 Internet
  • $109 Electricity – this is for April/May [total so far this year: $519, last year: $520]
  • $101 Household goods [average this year: $30, last year: $29] – Stocked up on hand soap refills, toilet paper, propane, and bought some LEDs to replace the kitchen, hallway, second bedroom, and master bedroom overhead lights (divided in half, mostly).
  • $20 Eyebrows
  • $79 Toiletries [average this year: $22, last year: $31] – stocked up on vitamins, moisturizer, loofahs, shampoo, and conditioner. I should be good on all of those counts for the rest of the year.
  • $103 New router (half of the cost)
  • $151 Furnishings – some new small kitchen things including a very nice knife (half), new sheets, and some bedding plants
  • $35 Fuel [$70 so far this year, $176 last year]
  • $335 Travel – had a nice weekend away! Such delicious food.

I found myself at Costco this month and saw some LEDs for $6 each, not the $21 each I’d found on Amazon. At that cost, they’re basically a wash for the first year and then for the following 20 years, I will save $84/year on electricity. To me, a year payback period was pretty much a no-brainer, so I bought enough to replace them all. Woo! That felt pretty good. This move should save about $9 per electricity bill! It might even help get me fully into the first tier of electricity for the July and September bills, which would mean that those two electricity bills would be $40 or less! Now I’m excited for my July electricity bill :)

I am thinking about putting a ban on buying new clothing for the next few months until I get another full paycheck (July doesn’t count since it’ll only be $650 with maxing out my 401(k)).

Savings: $23,700 (up $1,400)

These funds are spread across a Chase savings account, a general online savings account, a checking account that gets free ATM fees anywhere in the world, and my health savings account.

I’ve decided to keep the Chase savings account open even though I could now close it with no penalty as it has come in handy a few times, for example to get a deposit rather than a statement credit for credit card rewards and then immediately send them to the mortgage. Plus, it is only the opportunity cost on $300, which at the Ally online savings account rates loses me $2.55/year.

I added my meager paycheck savings of $1,300 and change to savings this month, rather than the mortgage or investments. Plus interest rounded it up to the next $100.

Investments: $156,700 (up $4,400 or +2.9%)

This includes my Roth and Traditional 401(k), my 401(k) employer matching (fully vested!), my Roth IRA, my taxable investments including stock index funds and Series I Savings Bonds.

The change here comes from:

  1. About $2,500 in stock market gains, dividends and interest, about $900 of which was dividends (far more than I put in this month!)
  2. May paycheck 401(k) contribution and employer matching
  3. (basically the same numbers as last month!)

Mortgage: $152,200 (down $800 or -0.5%)

Some statistics here:

  • 2.5%: the interest rate on my 5/1 ARM
  • February 2018: when the interest rate on my mortgage is set to reset, possibly to 7.5%
  • 0: months of payments eliminated with this month’s pre-payments
  • < $100: extra payments made on the mortgage this month
  • < $1: interest this month’s extra payments will save me on the next regular payment
  • 31.0%: portion of my regular payment went to interest (originally was 59%; down 4.4 percentage points from May)
  • 57.5%: amount of equity in my condo, assuming purchase price
  • 46.8%: amount of the mortgage I’ve paid down

A pretty bland month for the mortgage. This will continue to be the case until I start a new job. I’m going to stockpile cash in the meantime.

TOTAL: $395,300 (up $8,200 or +2.1%)

I ended 2013 with a net worth of $345,900, so I’ve seen a change of +$49,400 (so close to $50,000!) or +14.3% so far this year. I’ve set the y-axis on this graph to $465,000 so we can see how my net worth grows towards that throughout the year.

June 2014 Net Worth Graph

 

And let’s take a look at how I did on June’s goals:

  1. Go to the barre place by work twice per week before/after work. FAIL! I think I went once some weeks. There was just too much going on and it was hard to prioritize it.
  2. Commit to some form of exercise each weekend day, any of: a) 30-60 minute walk, b) 45 minute run, c) any distance/length of bike riding, d) going to a morning class at the yoga studio near my place (three time choices!), or e) doing some sit-ups and push-ups at home. Log it in Google Calendar too. PASS! I think I did better at this than I have been.
  3. Send $2,000 to the mortgage on pay day. FAIL! I didn’t send any AND only ‘saved’ $1,300 after-tax, not $2,000. Boo insurance bill going up.
  4. Keep my total spending (including the mortgage!) under $2,400. This should be do-able, especially since I don’t have to pay for groceries. FAIL! I spent $2,870 including the mortgage. Almost $600 was unplanned, stock up type items.
  5. Enjoy the first of our summer weekend getaways! DONE! It was great.

Now for some new goals for July:

  1. Study for interviews.
  2. Apply for jobs and interview places!
  3. Get at least two offers for new jobs.
  4. Go to the barre place by work once per week.
  5. Try to keep discretionary spending (i.e. non-food) to a minimum. (I know this isn’t very SMART.)
  6. Figure out how long my health insurance will last with my employer once I leave.

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Job Hunting: Financial Considerations

You know you’re a finance nerd when the first thing you wonder about when you’re considering leaving your job is what about contributing the full amount to your 401(k) for the year?!

As some of you may have noticed, my job satisfaction hasn’t been the greatest over the last while. Well, I’ve finally decided that it’s time to look for a new job externally. I’m working on preparing my shortlist of companies to whom I will send my resume (my goal is three) and then I will work on studying for interviews.

I’m not really remotely concerned about finances. In fact, I’m trying to convince my boyfriend that he should scrounge up the vacation days to go traveling for two weeks while I’m between jobs. Maybe that Europe trip we were planning for next fall could happen this fall/summer!

A) 401(k)

As of today, I have contributed ~$8,000 to my 401(k). I decided to leave June’s contribution as is because I’m reasonably confident that I will have a full July paycheck. I can then max out my 401(k) with my July paycheck, leaving me with a paycheck of about $650.

The other question is what I will do with my 401(k) plan after leaving. My current plan charges a fee if you leave your money in the plan, so I will have to evaluate between a) leaving the money there and paying the fee, b) moving the money to a Rollover IRA at Vanguard and having to undo my Roth IRA conversion for 2014 and not be able to do the Backdoor Roth IRA in any future years, and c) moving the money to my new employer’s plan. My hope is that option c) would work out, but option a) might be better than option b).

B) Cash flow

The $650 July paycheck would be concerning if I didn’t have enough vacation days banked to probably get a gross payout of those at around $3,000. Those two amounts together should be enough to cover August spending as normal. I hope to take at least a couple weeks off between jobs, which means that I will probably draw down from savings a bit, but that’s okay because I have about 6 months of expenses squirreled away in a savings account ($20,000) and especially with no 401(k) contributions at the new job for the rest of 2014, I should be able to replace any savings fairly easily. I’m not really concerned about money with this change, but I want to plan out how things are going to happen. I’m also going to stop making extra payments on the mortgage for a few months as the job situation shifts, stockpiling a bit of cash instead.

C) Health insurance

If I leave after the 1st of the month, my health insurance coverage will cover me through the rest of that month (I’m going to double check on this). If my boyfriend and I lived together, he could add me to his policy during the break, but since we don’t yet officially, I would probably pay for COBRA for any otherwise uncovered time necessary. I also have about $1,400 left in my Health Savings Account from the last plan year, which I will probably transfer elsewhere after I leave. Perhaps just to my credit union, where I could get 1% on it since my balance is so low.

My insurance has been so cheap with my current company that I don’t know what to expect with another one! It is the tech industry though, so I could end up paying even less. We’ll see how that falls out!

D) Social Security tax

If I stay with my current company, I will finish paying it in October. I’ll have to adjust my withholdings on my W-4 with the new company so that I don’t end up with a huge refund in April.

E) Future compensation

I don’t expect to replicate last year’s $200,000 gross income anywhere. I do, however, expect that any reasonably sized company would match my current total compensation range of $150,000 to $170,000. With a smaller company, I’m aiming for anything at or around $120,000 with a sane expectation of work hours (40-45 per week), 3 weeks of vacation the first year, and more holidays than I currently get. Obviously this will reduce my savings rate a bit, but that’s totally okay. I should still be able to make the full 401(k) and Roth IRA contributions, cover my normal expenses and have about $30,000/year leftover after tax to save outside of retirement accounts for a total overall savings rate of around 70%, which is not too shabby.

I also plan to ask questions around: base salary, bonuses (cash/stock? vesting schedule?), employee stock purchase plan (do they have one? what does it look like?), 401(k) (matching, plan details, vesting schedule, if they allow after-tax contributions, vesting schedule), health/dental/vision insurance info, fringe benefits, and days off.

F) Overall

All in all, I am really excited about looking for a new job. It has been years since I interviewed and I’m now interviewing as an industry hire rather than a new grad hire. I’ve located several companies that I’m really excited about the prospect of working for and I’m updating my resume.

Readers, what do you consider in terms of financial concerns when you’re contemplating a new job? Have I missed anything?

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$430,000

I’ve been using Mint, not for budgeting, but to make logging into all of my bank accounts easier. I recently told it to use Zillow to calculate the value of my condo. That shot my net worth up to…

$430,000

(a bit of rounding here)

It really does feel like I’ve “won the game”, not that I can stop working forever, but I have quite a bit of financial freedom now. I’m 25/26 and the sum value of all my assets is over $400,000 and my income is in the high $100,000 range? I also think that Zillow is low by about $50,000 in how much my condo is worth, which would put my full net worth somewhere around $480,000 or about 11 years of current expenses. I’m going to continue counting only the purchase price of my condo in my net worth spreadsheet until I sell it, but it’s still kind of cool to see these numbers.

Also? I saw just under $1,000 in dividends across my investment accounts this quarter. (Note: I do re-invest dividends, so I just find this an interesting metric to watch increase.)

This is probably related to why I haven’t posted much lately – everything is just chugging along and not much out of the ordinary is happening. I’m not really discovering much new in relation to my finances lately either. I will have a post up at some point reflecting on two years of homeownership though!

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May 2014 net worth update (+7.0%)

31-Dec-2013 30-Apr-2014 31-May-2014 MoM YTD
cash $13,500 $8,000 $7,500 -$500 -$6,000
savings $27,400 $22,300 $22,300 (same) -$5,100
investments $134,600 $148,000 $152,300 +$4,300
+2.9%
+$17,700
+13.2%
mortgage $187,600 $174,500 $153,000 +$21,500
+12.3%
+$34,600
+18.4%
net worth $345,900 $361,800 $387,100 +$25,300
+7.0%
+$41,200
+11.9%
liquid assets – debts $49,000 $36,700 $15,000 +$21,700
+59.1%
+$34,000
+69.4%
$ until FI $823,900 $890,600 $846,400 -$44,200
-5.0%
+$22,500
+2.7%

Finally an interesting month! May saw my first of two expected bonuses for the year. It was about 20% smaller than it was supposed to be (thanks stock market), which led me to get upset with myself for throwing a lot less at the mortgage than I had thought I would. But you know what? I threw more at my mortgage from my regular paycheck than I had planned on (almost double!) and I really can’t control how much my bonuses end up being – just what I do with them. I added the X% of my gross from the bonus to my donations budget and threw the rest of it at the mortgage – what else can I really do?

Now with this big jump, I’m looking at when I’ll surpass $400,000 in net worth – sometime between July and September most likely. And $500,000? Well that will most likely happen sometime next year, probably in the summer as well.

I decided to start tracking a new metric here: $ until FI. I’ve rounded the number to the nearest $100 like all of the other numbers. The formula I’m using is (Rolling monthly average expenses – Mortgage payment) x 12 months x 25 + Condo value – Current net worth. I thought it would be interesting to track this since it is not only affected by the current amount of money I’ve saved, but also by my current spending level. It is really strongly affected by small variations in spending. Some past numbers on this:

  • EOY 2010: $1,027,400 (average monthly spending $3,600)
  • EOY 2011: $856,500 (average monthly spending $3,300)
  • EOY 2012: $1,104,800 (average monthly spending: $4,220)
  • EOY 2013: $823,900 (average monthly spending: $3,730)

It sure has fluctuated a lot! So my number is definitely a bit of a moving target and definitely a ways away and I’m sure it’ll continue to change before I hit it, but it’s still interesting to see. If my spending this year ends up being exactly the same as last year, then I should lower the $ until FI marker by $100,000 to about $723,000 and if I lower the $ until FI marker by ~$100,000 each year, it should take me about 8.5 years to reach FI at my current spending.

Expenses: I spent $2,860 in May after the mortgage or $1,835 without it. So far, my total spending for 2014 is $19,880, which is $47,712 annualized (woo! the annualized figure is under $50,000!) To hit my $38,500 spending goal for the year, I need to spend no more than an average of $2,660/month over the remaining 7 months this year.

Some of my controllable expenses broke down as follows:

  • ($65) Summer pants – returned two of them. I’m so glad I ordered four because one of the colors I loved online, I didn’t love in person and vice versa with another pair.
  • $45 Skirts – a colorful, knee-length skirt
  • $91 Jewelry – since it is now summer and I’m not wearing scarfs like I do in the winter, I wanted some fun and cheap necklaces to use to accessorize. I bought three and my goal is to keep one or two and return the other(s). They were all 40% off at least!
  • $59 Running shoes. These need to be replaced every 6 months with how much I walk.
  • ($28) Tops - returned one of the button-downs I bought in April and bought another camisole.
  • [Total clothing spending in May: $102]
  • $235 Entertainment/Social – And we’re back to a more normal month for this year. [average this year: $229, last year: $224] This was about 80% date nights with a small amount going to cash withdrawals, a few movie rentals, and hanging out with friends.
  • $13 Eating out by myself [average this year: $12, last year: $25]
  • $327 Groceries – this was for two. [average this year: $245, last year: $152]
  • $176 Work lunches [average this year: $157, last year: $77]
  • $46 Internet - $7 less since I overpaid by $7 last month
  • $25 Household goods [average this year: $16, last year: $29] – I accidentally bought a four year supply of garbage bags. Go online shopping.
  • $77 Hair cuts – my annual hair cut.
  • $20 Eyebrows
  • $0 Toiletries [average this year: $11, last year: $31] – This is lower because some of these items have been lumped into groceries since we’re splitting.
  • $290 Recreation: a yoga mat bag and a yogitoes yoga mat towel, plus a 10 pack of classes at a barre place near work that I’m liking so far. The yoga mat towel made a HUGE difference.
  • $30 Travel – preparation for an upcoming weekend trip

This month was reasonably average for spending, which was nice!

I would love to get my spending down closer to 2011 levels, but as I looked over the electricity bill I just got, I’m realizing that may not be completely possible, ignoring lifestyle inflation. For example, my property taxes and HOA dues went up a combined $900 this year.

Electricity rates are up about 7%, so even though I am using less electricity than I did last year, I’m paying more. In 2013, I spent $699.36 on electricity. If I take the amounts from the bills I have so far and otherwise project with last year’s usage and this year’s rates, I will end up spending $709.57 in 2014 on electricity. I used 8,702 kWh in 2013 and that forecasting shows about 8,361 to be used in 2014, about 4% fewer kWh used while spending about 1.5% more $-wise. I realize that the actual $ increase for electricity is pretty small, but it is still an increase and not a decrease, despite my efforts to reduce the kWh used.

Savings: $22,300 (same)

These funds are spread across a Chase savings account, a general online savings account, a checking account that gets free ATM fees anywhere in the world, and my health savings account.

I’ve decided to keep the Chase savings account open even though I could now close it with no penalty as it has come in handy a few times, for example to get a deposit rather than a statement credit for credit card rewards and then immediately send them to the mortgage. Plus, it is only the opportunity cost on $300, which at the Ally online savings account rates loses me $2.55/year.

Nothing interesting is going to happen here for a while…

Investments: $152,300 (up $4,300 or +2.9%)

This includes my Roth and Traditional 401(k), my 401(k) employer matching (fully vested!), my Roth IRA, my taxable investments including stock index funds and Series I Savings Bonds.

The change here comes from:

  1. Over $2,000 in stock market gains and interest (more than I put in this month!)
  2. April paycheck 401(k) contribution and employer matching

Mortgage: $153,000 (down $21,500 or -12.3%)

Some statistics here:

  • 2.5%: the interest rate on my 5/1 ARM
  • February 2018: when the interest rate on my mortgage is set to reset, possibly to 7.5%
  • 2.5: years of payments eliminated with this month’s pre-payments
  • $20,900.00: extra payments made on the mortgage this month (woo!)
  • $43.50: interest this month’s extra payments will save me on the next regular payment
  • 35.4%: portion of my regular payment went to interest (originally was 59%)
  • 57.3%: amount of equity in my condo, assuming purchase price
  • 46.5%: amount of the mortgage I’ve paid down

Now this was an interesting month for the mortgage! I threw pretty much all of my bonus at the mortgage (minus the X% of gross to my charitable donations budget). Doing so shaved off 2.5 years of mortgage payments, saved over $40 of June’s interest cost and got me only 3.5% or $10,000 away from having paid off 50% of the mortgage. I’m currently estimating that I will hit that marker around September.

I also found quite a bit of extra money in my checking account when I zeroed it out at the end of the month, which resulted in a $3,000 extra principal payment from my paycheck instead of the usual $1,800! That meant I saved ~72% of my regular net income this month, in addition to my bonus!

TOTAL: $387,100 (up $25,300 or +7.0%)

I ended 2013 with a net worth of $345,900, so I’ve seen a change of +$41,200 or +11.9% so far this year. I’ve set the y-axis on this graph to $465,000 so we can see how my net worth grows towards that throughout the year.

May 2014 Net Worth Graph

And let’s take a look at how I did on April’s goals:

  1. Find and buy a second skirt. (I’m currently eyeing eShakti.) DONE! I love it!
  2. Use my debit card for the small transactions – under $6 restaurants, under $15 2% cashback, and under $30 1% cashback. DONE! This was pretty easy to do. I finally came up with a simple way to track this. Since Barclaycard expanded their definition of “travel” costs, I’ve gone back to using that as my default credit card.
  3. Decide what to do about the new yoga studio. Do I want to buy a yoga towel or a better yoga mat? A better bag to make carrying my yoga mat to work and then to yoga easier? What I have now (an $8 yoga mat, no towel) is definitely not going to work if I want to keep going to hot yoga. DONE! I did buy a yoga mat towel and a bag and the towel has made things much better. I’m still having troubles with the heat, so I decided to try the barre studio by work for 10 classes to get into better shape and then try hot yoga again (with a 10 drop-in commitment).
  4. Enjoy spring! DONE! This one was far too easy.
  5. Trust my gut instincts more at work. I’m no longer a newbie and I do know more than I think I do. PASS! I’m definitely improving here, but now things are changing again a bit and figuring that out over the next few weeks is going to be interesting.
  6. Send $1,800 to the mortgage on pay day. SUCCESS! I actually sent $3,000 to the mortgage on pay day and I think I’ll end up sending another $100 with the regular June payment :)
  7. Add X% of the gross of my bonus to my donations budget and send the rest of it to the mortgage. I am super excited about how my finances will look at the end of May! DONE! My donations budget is at last pretty much in the clear and I’ll probably make my next donation in August since I’m trying to make at least $100 of a donation at a time.
  8. Clean the balcony. PASS! We cleaned part of it?
  9. Call my parents four times. (I’ve been lacking on this lately.) PASS! I think I might have called them four times. Definitely at least twice.

Apparently I should make harder goals! Now for some new goals for June:

  1. Go to the barre place by work twice per week before/after work.
  2. Commit to some form of exercise each weekend day, any of: a) 30-60 minute walk, b) 45 minute run, c) any distance/length of bike riding, d) going to a morning class at the yoga studio near my place (three time choices!), or e) doing some sit-ups and push-ups at home. Log it in Google Calendar too.
  3. Send $2,000 to the mortgage on pay day.
  4. Keep my total spending (including the mortgage!) under $2,400. This should be do-able, especially since I don’t have to pay for groceries.
  5. Enjoy the first of our summer weekend getaways!

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