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New Beginnings

December 18th, 2020 at 12:24 am

For the first time we will no longer be cash-poor, paycheck-to-paycheck survivors eeking by.

We are set to close on the sale of the old house 1/15-1/25.  After we reimburse our kids accounts and parents, we are expecting $90K left over.  Value of townhome recently purchased cash: $260K, value of rental property owned outright: $300K with passive annual income of $20K (annual expenses $6K, net profit $14K).

I am committed to having goals and being proactive.  We should be able to save an additional $25K outside of regular contributions to the 401K and IRA.

I have already increased the 401K contribution for SO's account from 1% to 15%.

I am able to jump into budgeting YNAB style with January's income going to February expenses.

I am also planning on participating in the Uber Frugal Month over with Frugalwoods.  We've managed to adjust well to life in the townhome here with all the old stuff, though there are a few things I may pick up before January (ornament storage bins, pantry storage bins, shower curtain).  Smile

I am just thankful for new beginnings after so much time of trying to make it all work.

3 Responses to “New Beginnings”

  1. Dido Says:

    All sounds very very positive! Best of luck going forward! With the increased contributions you should be in very good shape!

  2. Dido Says:

    P.S. I just went back and looked at your first entry, almost exactly one year ago. Sounds like you have achieved as much of that as 2020 would allow! (I'm guessing that some of the travel goals went by the wayside?}

  3. rob62521 Says:

    Good news indeed!

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