Is it easier to save?

Whenever I have needed to save money, like large sums of money, it has always been something that has been fairly easy for me. Many years ago I had two months to save $2,000 for a vacation with my grandma. I did that and then some, no problem. When I needed to save money to move to Kansas City, no problem saving up the money in a few months. Saving seems to be the easy part for me.

Even now, just a few days after my husband and I decided that we needed a hefty savings fund to pay for his lawyer and medical bills that we know are coming down the pipeline. ONE WEEK ago and already our savings account is at $3,929. (And Mr Woodpecker has another $1,500 check that is a wedding gift in his wallet that we need to cash – so there is easily our $5,000 goal and then some.)

What baffles me the most about all of this is how can I so easily save  money on one hand – and then be terrible at paying debt off on the other. Surely paying off debt is no different than saving money. It can’t be “compounding interest working in my favor” on these savings accounts. I’m looking at ONE WEEK at a 0.9% annual interest.

Perhaps it is just that I’m more encouraged by the total going up than a total going down?

Perhaps the immediacy of knowing that we WILL need this money? Paying debt is “saving” for purchases I’ve already made and purchases in the future that I haven’t yet planned. Saving right now has a very specific  goal: Keeping us from being crushed by medical bills in the next few months.

Instead of trying to analyze why saving money seems to have such a simple nature to it and paying off debt so difficult, maybe I should just say “interest be damned” and just save money until I get a pot big enough to pay off each debt in full. I’d still be paying minimums, of course, but perhaps if I can easily come up with $3-5,000 at a time using savings as a goal that I can just then transfer these amounts in huge chunks to my debt rather than just paying off the debt little amounts at a time.

Who knows… perhaps I’m not better at saving than I am at paying off debt. Maybe it is just easier to see because it grows, and debt just gets little chiseling and then BOOM monthly charges that work is gone.

Either way, I’m happy to report that our savings is growing. Our debt is remaining steady. And hopefully we’ll have enough saved to pay the onslaught of medical bills we know is coming.

Good-Bye Weight Watchers

After a year long relationship with Weight Watchers, I have finally ended my account. I joined last April to help a friend lose weight for her wedding in June. Well, I ended up losing 35 lbs, getting lifetime status, and I’m actually (a year later) at 40 lbs total lost.

The program itself was very useful to me. I lost my weight fairly quickly (thought not unhealthy-fast) by following the program to the letter. I ate within my point allotment, I tracked EVERYTHING I ate, I made sure to get all of my activity points. I did everything as suggested by Weight Watchers and it absolutely worked, and it worked really quickly.

Once I had achieved lifetime status I remember having this thought were I said “Well… am I really going to track what I eat FOREVER?” I was sold on the new lifestyle of eating fruits and veggies and working out. And now I had an idea of what an appropriate amount of food for me to be eating was… did I really need to TRACK it all?

So I decided to go on an experiment and see if I could live healthily and not track. And sure enough, 9 months after obtaining lifetime I’m still below goal weight. I’m not gaining. I’m doing just fine. So I stopped weighing in and using the e-tools from Weight Watchers around February of this year. Still, no issue. I do weigh myself every morning and take note of where I am. I still try to compensate those high calorie meals that happen with low calorie for the next one or extra activity points. I’m still living the Weight Watchers diet, I’ve just decided there really isn’t a point to having an account with Weight Watchers because I have to stick to their rules which also means if I slip up I owe them money. I’m not a huge fan of THAT.

So I’ve canceled my Weight Watchers account. But I have also made an agreement with  myself that if I ever get to the point where I’m 5 pounds above my goal weight and I find that I can’t take care of it on my own, I’m going back to Weight Watchers immediately to get my weight back under control.

But, for at least now, this is good-bye Weight Watchers! It was wonderful knowing you!

Disability

About a year and a half ago my husband was in a pretty serious car injury. He was taken to the hospital unconscious. It turned out he had a blown to the head, which has been exasperated by the fact that it was not his first head injury (he can cite at least 4 other concussions before this point).

Immediately after the accident he slept constantly. He would watch TV with me and not remember the next day that we had watched anything. We would have a conversation and a few hours later he would have no recall of the conversation. He had, and still has, massive migraines constantly, dizziness, and soreness and pain in his neck and back.

Initially he tried to go start back to work, which was a big mistake for his recovery. But he believed that what he had would pass quickly.

He quickly used up all of his PTO time leaving work early due to massive headaches.

Eventually his boss told him he needed to fill for FMLA or if he missed anymore he would be fired. So he did. Within about six months he had used up his FMLA and was told that he needed to apply for short term disability. He did this.

He’s been seeing two different neurologists, a speech therapist for memory issues, a chiropractor and massage therapist and physical therapists to deal with the back and neck pain, an ENT and vestibular therapist for his dizziness. And while time has seemed to help him with his memory and cognition, though he isn’t perfect according to our neurocognitive analyist, he has definitely improved. But his headaches and dizziness have seemed to have gotten worse despite all the different treatment plans that his two neurologists have put him on. He still, a year and a half later, can’t drive because he can’t focus on the road and moving his head left and right causes his vertigo while driving. The few attempts that he has made have nearly resulted in other accidents.

Well, at the end of February, his short term disability ended and we also found out that the first review of his long term disability was denied. So here is a guy who WANTS to work, but can’t because he can’t mentally and physically hold a conversation (required by his job) for longer than 10 minutes… and he is denied? Anyway, so now we’re having to pay for COBRA for health insurance because he is now technically on a leave of absence at his work and since we only get one appeal for the long term disability we also have to hire a lawyer. Combine that with about 40% less income than we had previously – and well, things are financially tough over here.

I’m still working my part time job, so that is helpful. But right now we’re making *just enough* to cover our daily expenses. The medical bills we’re just working on one day at a time and chiseling them out with the $100 I get each month from my HSA (here’s $15 to you, $15 to you, and $15 to you… we know it isn’t enough, sorry).

In other words, things are stressful financially here. His appeal is due by the end of July. So we just keep hoping that one way or another that will settle things. However the lawyer keeps talking about suing if he gets denied again and then there is of course the next option of public disability (right now we’re applying through the long term disability benefit from his job benefits).

Because we don’t know what will happen next to us financially except that we know there WILL be expenses and that we WILL have to pay for them. We’ve decided to stop paying down debt. Paying down debt assumes a luxury of not getting in to more debt. We don’t have that luxury, we HAVE to incur medical debt right now.

Instead we’ve decided that our best method of debt prevention is to build a healthy savings of the extra money we do get so that we can pay for the “unexpecteds” that come along the way. When/if the disability gets approved, he’ll be getting a back payment of enough to pay off the majority of the debt that we have except for student loans, so it isn’t like we’re just giving up on paying it.

We’re essentially going back to Baby Step #1 and saying: “For us, $1000 isn’t enough. We need more because we know that big emergencies are likely in the next few months.”

So instead of my extra money at Kohl’s going to debt, it is now going to savings. Instead of my overload money at work going to debt, it is now going to savings. Instead of some of these wedding checks going to debt, they’re going to savings. Instead of the tax refund going to debt, it is going to savings. Instead of my summer teaching money going to debt, it is going to savings.

As strange as it may sounds, money and debt and finances have taken a second seat. It used to be my main focus, my drive. But now it is about getting my husband out of pain. Or at least helping him find a way to manage his pain so that it doesn’t get to the disabilitating levels that it has achieved recently.

However, money stress doesn’t help his recovery, so that is my “job” in helping him get better. I just have to make sure the money stuff is taken care of as best I can until we move past this and in to the next phase of our lives together.

Married!

ImageWell, the wedding day has come and gone. It was an absolutely wonderful day. We had a small ceremony in the morning with our family and close friends, we had about 30 people at the wedding all together. It was held in my in-laws living room and my father married Mr Woodpecker and myself.

After the morning ceremony there was a lot of hanging around and chatting and drinking mimosas and eating finger foods. It was a lot of fun.

After the ceremony and mini-reception Mr Woodpecker and I received the BEST possible gift. I fear to tell you because a quick internet search would then completely remove all anonymity. So I’m going to keep it silent, but suffice to say it was so awesome we were featured on two local news stations and many national news organizations. That’s how awesome it was.

We then spent the next week on a cruise down Baja (on Carnival, I know we’re risk takers!) It was a wonderful honeymoon.

It feels so surreal to be married finally to the most amazing man I’ve ever met. I never could have imagined I’d be this happy.

Our total damage for the wedding + honeymoon? A bit over $7,000. And that was doing things exceptionally inexpensive.

One more week!

In 7 days I’ll become “Mrs. Woodpecker”.

Kind of a crazy thought. There has been so  much going on here that really it is impossible to list it all but here are a few highlights:

1. We’re going on a cruise for our honeymoon. Turns out that last minute cruise deals are pretty dang inexpensive. Flights? Not so much, but it wasn’t too bad. All in all we are getting a 4-day cruise with an oceanview room (non-obstructive) plus airfare for two for about $2,000. Add in a little bit for airport to cruise port transfers and 3 days of excursions and we’ll probably add to that a little.

2. We’re going on a roadtrip. My cousin is graduating from high school in Salt Lake City on June 6th. Her brother is getting married in Salt Lake City on June 15th. So we’re flying out there, renting a car, and in between the two events taking a camping road trip through Utah. We’re visiting Zion National Park, Grand Canyon National Park, Arches National Park, Bryce National Park, and Capitol Reef National Park. Very excited about this, should be a ton of fun.

3. I had to buy a new laptop. My home computer had been a brick for about a year. And my work computer was out of commission for a week. I still had to…yanno… work. So I ended up buying a new computer. It cost me around $550 for the thing, as I got an older Windows 7 model (all of my work stuff requires Windows 7 and I’m loathe to make the switch to Windows 8 until I absolutely have to). I’ve also decided that “the cloud” is the most amazing thing ever if you have to switch computers. It used to be when you got a new computer it felt like you were starting your life over. This time I just downloaded Dropbox and Chrome and my files were all in place and so were my browser bookmarks. I was up and working within 30 minutes of pulling the computer out of the box. Wam bam, thank you, ma’am!

4. I got a new job. Don’t get me wrong, I loved my old job. Except… I hated that I wasn’t getting paid nearly enough, and I haven’t had retirement benefits in the past 2 years. Oh yeah, and I have to do things that we really should have a lab tech to do (order chemicals, prep labs, maintain MSDS sheets, etc). So another college just 3 miles away (and much larger) had a position opened and I applied. I had a phone interview, was called back for an on-campus interview, and voila! they offered me the position. My 9 month contract with the new school is the same pay as my 11 month contract with the old school. Which means my per-month salary will be higher. In addition new school has lab assistants that prep the labs and take care of all of that so I don’t have to. In addition they give me a 7% retirement (I’m required a match, of course). The school is larger, so I’ll have more colleagues which I’m really looking forward to. Having only 1 other chemist it has been difficult to “talk shop”. I like bouncing ideas off of a variety of people so I think it will work well. Oh yes, all of this and my teaching load will be LESS per semester. There will be some drawbacks, like I’ll miss the small community of the old school, I’ll miss the relationships I’ve build with students and colleagues there, and I’ll miss having a lot of autonomy in how my classes are run since I’m the only one teaching them. Overall though I think this transition will be better for me in the long run. While I’m certain I will make this transition, I have not signed a contract yet at the new school (they don’t issue until May), so I won’t be alerting my current school to my plans until our renewal contracts come in or I sign at the new school, which ever happens first.

Wedding Plans (Revisited, again… again)

Mr Woodpecker and I finally (in December) came up with our wedding plan: a destination wedding in Cancun. It fit my idea of having to not plan and Mr Woodpecker really wants to go back since he had an enjoyable experience there. Best of all: if we stayed at the hotel for 3 days, they’d pay for a basic ceremony.

It all seemed perfect, until my side of the family all decided that they were NOT coming to the wedding. Even those we gave them nearly a year lead-time. They all decided that it was too expensive (~$400 for airfare and ~$300/night for room + food + entertainment for up to 4 ppl in the room). Oh aside from one uncle who said it wasn’t too expensive, but that he was not going to get his passport to go.

So I spent about 3 days just pissed at my family. Then I became pissed at myself. I had done something that I always hate in other people. I invited them to something they wanted to go to, but couldn’t afford. Much like inviting your minimum wage friend to join you in eating at an expensive restaurant where you’d split the bill.

Mr Woodpecker and I then spent about a month just ignoring making wedding plans.

That is until the past few days. My uncle sent me a message that my cousin is graduating from high school and that ALL of my family is going to Salt Lake City for her graduation. (Mustering all of my emotions to not be offended that they would all agree to going to that but none of them would come to my wedding, and ignoring that I was obviously the last one invited to the graduation and instead focusing on the fact that I was invited…) Mr Woodpecker and I decided that we will just have a reception with my family in Salt Lake City at the same time. The point is to celebrate with family, so who cares if we do this the “traditional way”? Let’s just do this thing OUR way!

At which point we decided, why not just have our wedding dinner at a nice restaurant some evening with our parents and siblings? Just a nice, formal, close family thing. Then the morning after have my in-laws host breakfast for all our friends, extended family in the area. Then in May/June we have the road-trip reception that we both wanted to do when we very first thought about getting married. And our honeymoon? Hello, Cancun!

And the nice part is that we can pay for this whole plan in stages.

The actual wedding at our fancy restaurant  Should be about $1500 (going all out here for 8 people) and paid for with some of my overload money. The morning breakfast will be hosted/payed for by my future parents-in-law. Then the road trip reception we will be paid for with the rest of my overload money. The honeymoon? We’ll do that after the debt is paid off and we can save up for it (most likely next December over winter break).

After a month of being an unhappy bride-to-be, thinking she’d never have a wedding that would work for her, it is nice to be happy again. And nice to have a plan that is exciting and fits us. No, there won’t be walking down aisles, or bridesmaids, or even a bouquet. But there will be me and Mr Woodpecker, and the people we’re closest to, and that is all we want. So who cares about garters and aisle markers and candles? I know I don’t. And I think that is what the perfect wedding is to us. Everything we want without all the other stuff we don’t care about.

Work late or work at home?

Today it is 6:30pm and I’m still at work. Which I suppose by most people’s standards isn’t too late, except I got in at around 7:30am and I have at least another 30 minutes of work to do and this is a regular occurrence for me.

For the past few years I’ve had a hard time with my work/home balance. See as a graduate student and a post-doctoral researcher, this balance didn’t really exist. You were expected to spend your whole life working. Work and home were the same thing. You ate, drank, breathed, became your research. And that was fine… for those 7.5 years I did it.

But now I have a “real job” and have had it for 2.5 years now. And well, now, I want a separation between work and home.

I want to come home and not think about what I have to do the next day. Not work on lecture notes. Not grade papers. Not read journal articles. Not… well… work.

So this year I’ve tried to adopt the policy that work gets done at work and home gets done at home. Which is fine… except now instead of leaving at a “normal hour” and accepting that I’ll have some work to do at home, I leave later and later as I try to get everything done before I get home. Mr Woodpecker is exceptionally forgiving of my coming home at 6pm… 7pm… but when 8pm rolls around his stomach really starts to complain.

But then when I do get home I get 3-4 hours of uninterrupted time with him. No worries about work or my day.

But I get less time with him in the evening. And that’s just a bummer.

It feels like either way I lose. I lose time when I’m with him or my home life becomes my work life.

Am I the only one who has this problem? How do you balance your home-life/work-life in a job that doesn’t end at 5pm?

ChoreWars – Make Chores Fun!

So Mr Woodpecker showed me the other night the most amazing website ever: ChoreWars

You know how you can’t get your hubby to get off Madden, or GuildWars 2, or World of Warcraft to come help you with the dishes or mow the lawn?

Or perhaps your kids are super motivated by games and rewards?

ChoreWars is just perfect. So Mr Woodpecker and I created accounts on ChoreWars and decided to make our ChoreWar pirate themed. So I am  Azriel the Pale and he is Bloody Tom Flint (both pirate name generated).

Then you add in chores to do. Give the chores XP and coin rewards. A chance for a super treasure and perhaps even an encounter with a monster! We tried to make all of our “mundane” chores into epic adventures. Instead of empty the dishwasher and load it again: “Scrubbin’ the Cap’n’s Cuttlery”. Instead of mow the lawn we have “Cut th’ Green Sea”.

Here is a screen shot of some of the adventures that Mr Woodpecker and I created to do:

chorewards adventures

 

You can see the name of the chore, what the rewards are, the 5% chance for a treasure or a wandering monster. And then on the right side is the amount of XP that you will get for completing the chore. The symbols underneath highlight what characteristics you need to have to complete the task (strength, constitution, dexterity, wisdom, intelligence, etc).

So, Mr Woodpecker and I had a fun time last night creating our chore adventures.

This morning? Well, it was a race to the dishwasher this morning to empty it and put in the dirty dishes so that we could claim our experience points.

For kids? Perhaps when they “level up” (perhaps reach a certain XP) they get a special rewards (date night with dad?)

Or perhaps you and your husband can trade in treasure for certain rewards (“I’m spending one Elixir of Life and a Silver Spoon to pick which radio station we listen to today”).

I could also see this working really well in an elementary school classroom to earn “points” for doing things in the class (picking up the books after story time, putting your chair away, etc). And the game is set up that you can have a Dungeon Master (teacher) and all the other characters as Non-Player Characters (students) so that the DM can assign the points to each student when they complete the tasks and then students can simply view their character sheets that show what they’ve completed and how much experience they’ve earned.

I know it sounds like this is a sponsored post or something like that by ChoreWars, but it isn’t. We just had so much fun setting this up and I thought it could be a great way to make chores a game in your house. I’m trying to figure out how I could use it in one of my classes without my students thinking it is too cheesy. But perhaps accepting the cheesy nature of it is what I need to do. =)

The Hardest Part: Waiting

At the end of September/beginning of October, Mr Woodpecker and I embarked on a crazy journey. We decided that we couldn’t see us going “gazelle” intense for years and years until all of our debt was paid off. We’d lose focus, get A.D.D., and eventually just give up.

We decided instead that what we could do was pick a debt and attack the crap out of it for 6 months until it disappeared.

See, all that Mr Woodpecker and I have are “big debts”. We don’t have little $1,000 debts here and there that add up to a lot. When we started one of our smallest debts (and most tormenting) was my credit card debt at over $14,000.

When we did a snow ball calculator to figure out how long it would take to pay off the credit card plus both our student loans the number came back at over 5 years. Honestly, we just couldn’t do that. It was… well… 5 years of gazelle intensity? All that said to us was that we’d have maybe 6 months of gazelle intensity and then just gazelle burn-out.

So we opted for our own plan: Six months of super intensity to pay off one debt and then reassess. (Our initial plan was to save our full emergency fund at this point.)

I thought the hardest thing might be the lack of eating out. It isn’t.

I thought maybe the hardest thing would be having to say no to friends to weekend trips or expensive nights out. It isn’t.

I thought the hardest thing would be giving up day care for the dogs. It isn’t.

I thought the hardest thing could be living off of only one income and putting the rest on to the credit card. It’s not.

I thought the hardest thing would be working two jobs during a very demanding time in the school semester. Not even close.

The hardest part, by far, is waiting. Because we have a plan set. We have the goal in mind. We’re on the right path to get there. And now all we can do it just wait.

Getting the job at Kohl’s was the most emotionally satisfying choice that I made in this whole process. Yes, I hate getting done teaching 7:30am-5pm and working at Kohl’s 5:30-10:30pm and repeating that the next day. I hate that I have worked just about every day in the past  4 months between both jobs. I hate that my time with my fiance has been reduced to him visiting me during a 30 minute lunch break. But what I love more than all of that is the text I get every Friday morning that tells me that my paycheck has been direct deposited. Every Friday morning I get a reminder of why I’m doing all of this. And the first thing I do after I get that text is log on to my account and submit a payment in that exact amount to my credit card.

The frequency of my paychecks with Kohl’s is like a little energy-jolt motivating me forward. Making each payment exciting. Each week I get to tackle my debt problem, not just twice a month.

But it is so hard waiting. Waiting for the end that will be coming in a few short months. Waiting. For that last payment to be made. Waiting for the end of my credit card debt. I hate waiting.

Co-sign Update

So I went to the bank today that Mr Hive applied to get his car refinanced through. They thankfully approved him, sent in a payment in Nissan to pay off my co-signed loan, and today I “sold” him his car to him for the price of the new loan. I got nothing out of the deal except that my name is no longer associated with Mr Hive in any legal or formal way what-so-ever. The car loan has been paid off, which is actually great for me.

Interesting to think that the best thing for HIM would have been to keep the car co-signed (my assumption since this is the only thing on his credit report is that he took a hit on interest rates). The best thing for me was for him to refinance it. And he chose the best thing for me all to get me (the ex he hates for breaking up with him) off his back each month.

The car, a 2011 Nissan Versa, was refinanced for over $11,000. I have no idea the terms of the loan as it is none of my business. But it already has 25,000+ miles on it. That I did have to know to officially “sell” the car to him to release me from the title.

Two years. 25,000+ miles. Over $11,000. Man did the bank get screwed on that deal.

I thanked the loan officer as I left the bank for approving him. It really did mean a lot to me.

Follow

Get every new post delivered to your Inbox.

Join 52 other followers