We Bought a New Car!

So... the hubby and I bought another car this weekend! We were so torn on leasing vs. buying used vs. buying new and by the time we did all our research and everything, we decided to go with a new car.

There was a used car that the hubby liked, but the sticker price at Carmax was $16,998. For those of you who don't know, Carmax doesn't negotiate the price of their cars, so that was what we'd have to pay. It was a 2012 with over 30,000 miles on it. I did a little looking around online and found that we could get a 2013, for less than that price. The models may have been slightly different, but we didn't notice.

We went with a Ford for the first time because we've read great reviews lately and the mileage is terrific. Because it was President's Day Weekend and there were tons of sales and rebates, we ended up getting the car for $15,300ish! Not bad given the sticker price was almost $21,000! We felt pretty good about the purchase.

We would have loved to pay cash but weren't in the place to do so, so we have a self-imposed aggressive payment schedule and plan to pay it off in August. I need to update some of the side bars to reflect our new bills and savings goals.

As an added perk, the car has Sirius radio, which I really wanted for some long work trips I'll have in the near future, so I'm excited. It's free for a while, so we'll take full advantage of that. For those of you who don't know, I love Howard Stern and have been going through withdrawals for the last few years, so it was nice to hear his voice on the drive in this morning.

Hope you're all having a good week and if you went car shopping (as it seems many people did!) that you got a great deal too. Enjoy the week!

I got a new job!

2013  is proving to be a good year so far!

I got a new job! I'm super excited about it too. With the exception of a longer commute (part of the week), I think I'm going to love almost everything about this new job. It's closer to home (when I'm working in town), it pays a little more, has a couple more days of vacation, every other Friday off, more 401k match and definitely more challenges and opportunities for growth!

I start my new job in 2 weeks and I can't wait!

Although I'm very excited, I'm also nervous (I suffer from a small, self-diagnosed case of "social anxiety") and there is also a bit of stress associated with us needing another car. Right now we are in the midst of figuring out exactly how we're going to do that.

We've been a "one-car couple" for years now and we've been able to make it work. This new job requires me to drive up to LA a couple of times per week which I'll need another car to do. I debated just getting a rental car for those days but unfortunately I'll also need one when I'm at the office close to home as there are many buildings that I'll need to drive between. Also, since I will have every other Friday off, I need to work longer hours which don't quite match up with my hubby's work schedule.

I'm okay with the car idea and actually negotiated a sign on bonus which will help us a bit with the costs (yay me!), and the hubby is excited because he'll finally have a bit of independence. What freaks us out a bit are all the options. New car, used car, and leasing!?!

We know that buying a new car is kind of a silly thing to do. The costs are so high and we're still paying down the one we bought in 2010. A used car is a good idea but since we don't want to get a lemon, it seems as though we should buy a "certified used" one so that it at least has a warranty. We are both not mechanically inclined, plus we don't have a trusted auto repair person. Unfortunately, it doesn't seem as though the costs between a certified used car and a new car are that far apart. I've heard that the used car market prices are up right now for some reason. Lastly, all of my life, I've been told how bad leasing a car is. You own nothing at the end of it, so why bother?

On the other hand, I've done my research and a leased car may be our best option. The hubby isn't the type to want to keep a car for 5-10 years. He loves new, bright, shiney things. I've done the math and if I were to bank the whole sign on bonus, I may be able to lease a car for the hubby for 2-3 years and have it completely covered. Minus the cost of gas, but that's okay.

We go back and forth on the topic. We found some pretty good lease deals and think they may even get lower next weekend when they have their President's Day sales. I keep telling myself that this may be the way to go but I'm really not sure. I want to make the decision that is right for us, but since I don't have a ton of experience in this area, I'm definitely open to suggestions!

Question? : Have you leased a car before? What are your thoughts on it? Any advice? Would you do it again?

2013 Goals

My goals for 2013 are as follows... 

 -Write more! Whether that be in this blog or somewhere else, I just really want to get my words out. My hubby gave me a great present for Christmas to jump start the writer in me and I plan to use it shortly.  I also started another blog to track my fitness journey. It's called "A P90X Woman". Please check it out if you're interested in seeing how that goes.

 -Complete P90X. We started our P90X challenge on January 1st and we are scheduled to end it on March 31st. As I stated above, I even started a new blog to document this journey. I am hopeful that it will keep us on track with our exercising and eating healthy, just like this blog did with our finances.

 -Learn Spanish. The hubby and I love vacationing in Mexico and have grand visions of possibly moving there someday down the road. I am a firm believer that you should be educated in the language of whichever country you plan to spend a good amount of time in and therefore, learning Spanish is a goal for me. Not to mention, that several jobs I've looked into here in CA have required the person to be bilingual. This would open more doors on the job front in the future.

 -Take more pictures. I bought a camera this past year and would love to actually use it more! There is a photo a day challenge for each month that gives you ideas of things to shoot. I have been wanting to do it for a while now and just haven't gotten around to it. I would like to do so this year!

-Pay off our final credit card. Our zero interest credit card expires at the end of April and I don't want to WILL NOT get stuck paying interest on it. Therefore, it will be paid off before the deadline. I am targeting around my birthday in March. A nice, little present to give myself :)

 -Save money for a house/condo. Although we have a hard time making up our minds about buying a house or condo, relocating or staying put, etc., we know that having a hefty savings account will be crucial to whichever decision we make. Although numbers may change after we get our new paychecks for 2013, we are targeting saving around $20K this year.

-Take a minimum of two trips this year. I plan to attend my niece's graduation in May in New England, so that's one trip. The hubby and I are anxious to get back to Mexico this year, which would be a second. In addition, it looks like we may join my parents on their first trip to Hawaii. It's been on their bucket list for several years and since CA is on the way, they'd like us to join them if possible. I'm hoping at least two of those trips pan out. We will pay for these trips in cash of course!

-Shoot a gun. This has been on our bucket list for a while now and we'd both really like to learn how to shoot a gun. The hubby and I are determined to do it this year!

That's all I'm going to list at this point. I debated pushing for "13 in 2013" but decided to keep it realistic and go for the big ones I'm anxious to achieve. Here's hoping 2013 goes great!

2012 Goals Update

(One of my favorite pics from our trip to Mexico in 2012)

It's finally time to look back at my 2012 goals and reflect on my progress attempt at progress, while I start to outline my goals for 2013. I'm really excited and looking forward to this new year. I believe it will be my best year yet!

1. Pay off all credit card debt by June 30th! 

Update - PARTIAL SUCCESS! We succeeded in paying off most of our credit card debt this year, with the exception of our zero interest credit card which expires in April 2013. The plan is to pay it off by then. I never want to put another penny towards credit card interest ever again.

2. Save $20K for a down payment on a condo. 

Update - FAIL! This didn't happen. Due to several issues, including discovering that we weren't paying enough in taxes, we ended up changing plans and moving this goal out into the new year. 

3. Buy our first home together.

Update - FAIL! Again, the house buying goal has been moved out a bit.  

4. Succeed in 10-pound weight loss challenge.

Update - SUCCESS! Yes, I so kicked butt in this challenge that Newlyweds on a Budget held. I actually ended up winning a prize, which was an added bonus. Thanks Erika!

5. Indulge in my love for movies more. 

Update - SUCCESS! I have definitely done this in 2012! I actually kept a log of all most of the movies I've seen and it's up around 50. I feel as though I've indulged this passion successfully :) Using the cheap (and sometimes free!) rentals from RedBox, helped make this goal easier to achieve.

6. Blog more often.

Update - FAIL! I had such a great routine going where I was able to get some daily blog time in during the day at work and since that changed, I haven't come up with a new routine that works. 

7. Take a vacation. 

Update - SUCCESS! We got to spend a week in Mexico in 2012. It was glorious! The pic above is one I took while lounging on the beach. I keep it as my desktop pic and it's daily visual reminder of the relaxing trip we had. I can't wait to go back!

8. Finish "What Color is Your Parachute" book. 

Update - FAIL! We moved and this book ended up in storage. 

9. Give yoga a try. 

Update - FAIL! I didn't get around to trying yoga in 2012, but I did already in 2013!

10. Play piano more often. 

Update - PARTIAL SUCCESS! I did play our keyboard a bit before we moved and it got packed up and put in storage.

11. Get on the water! 

Update - FAIL! I didn't get on the water in 2012. Wow, I'm picking up a theme here :(

12. Read 12 books. 

Update - SUCCESS! I am happy to say that I was able to read 12 books this year, including the Hunger Games and Fifty Shades series. I also found a new author I enjoy, Adele Parks.. I look forward to continuing to read more books in 2013. 

Looking back on this year, I wasn't very successful in the goals I outlined. I'm a firm believer in this quote though - 

I guess some of the goals I thought were important, actually weren't so important to me when it came down it. Hopefully I'll do a better job creating my goals for 2013!

2013

Happy New Year!

I can't believe that 2013 is here already! I have written so many draft posts that I never got around to editing and posting in 2012. That makes me sad. I love writing so much and really enjoy the outlet of having a blog. I hope I can spend more time writing in 2013.

So, there have been some changes on the home-front for us here. We are moving (AGAIN) at the end of this month. We have finally outgrown the tiny pool house we are currently renting and need/want to expand a bit.

We found a lovely 2 bedroom, 2 bath unit in a former condo complex that was turned into apartment units. It has everything on our wishlist:

- Close to work
- More square feet
- 2 bedrooms
- 2 baths
- Washer and dryer in the unit! (This alone is worth hundreds extra per month - honestly! No more lugging our laundry to the nearest laundromat. Sweet! I can't wait.) 
- Fireplace (I have ALWAYS wanted one. I know I may not use it often, but just the thought of having one puts a smile on my face.) 
- Large master tub (I am a bath girl through and through - love them!) 
- Top floor location. (Being so sensitive to sound, this is a priority to me.) 
- A full kitchen! (I know this one sounds funny but our current place only has a fridge, sink and hot plate set up. We miss a stove and dishwasher! This was hard during the holidays when I wanted to cook some nice meals for us.) 

All of these luxuries come with a larger price tag though. I'll be honest that I'm not super comfortable spending more on rent, but we can afford it and feel that it's time... for our sanity and the longevity of our relationship. Not to mention that the house next door decided to build a skate ramp recently and we get to hear that noise every day and believe me, it's like nails on a chalkboard.

We haven't actually committed to the unit yet. We are trying to hold off until closer to the end of the month so we won't have to overlap rent payments. The complex seems to have a good amount of openings and will hold a unit for you for 2 weeks, so if we put a deposit down around the 15th (my pay day), we will be able to time it up closer to the end of the month. This is a little scary though, since we already gave our 30 day notice! Hopefully it'll all work out.

On the money front, things are going okay. It's really interesting how "our plan" seems like a moving target sometimes. We were hoping to be in a house at the end of 2012, but a quick look at our taxes a few months ago showed us that we needed to change our withholding so we wouldn't end up owing a ton in April. Been there, done that! So, we had a bunch extra sent in for our federal and state taxes and a quick estimate on Turbotax yesterday shows that we'll likely owe only $44 to one and $25 to another! I am very happy with those numbers :-) So, going into 2013, we only have our zero balance credit card to pay off by the end of April and our car payment which is scheduled to go to September 2015. Not too shabby!

The hubby starts contributing to his 401K plan starting this month. His company matches 40% of 6% of his salary, so he's putting in 6%. This, in addition to taxes changing slightly in 2013, will impact our take home amounts slightly. We're anxious to get our first checks to see just how much.

I know I've received requests to do an overview post showing how I paid off so much debt and I plan to get that up here soon. It's one of those that has been in draft format for a very long time, so it shouldn't be too hard to edit and get up here. I also want to post an update of my 2012 goals and my new 2013 ones. Another post that will be coming soon!

For those of you who still check out my blog periodically, thank you! For those who are new, welcome and thanks for checking it out. More to come!

Changing focus can be hard...

Hi there. Boy, it's been a while!

Things have been okay on the home front here. We've been making pretty good progress and although our debt isn't 100% paid off yet (we still have our car payment and an interest free credit card to pay off), we have changed our focus from paying bills to saving money. 

This has been challenging.

Although it really shouldn't be. We are pretty much just doing our zero based budgeting but now instead of sending everything extra towards bills, we are sending it to our savings account. The balance in our savings account is slowly increasing with each pay period. This is a good great thing! The hubby and I are super focused on buying a house early next year. But for some reason, it's really tempting to know the money is there.

It's almost as though it feels better to know that we have no money, so nothing to spend or to get in trouble with. I know it doesn't really make sense, but knowing the money is there, we think about it and get really tempted to spend it. This is where we need to get stronger and be more focused.

I'm thinking if I start to blog more and track our savings on here, then I'll be more accountable and stay on track better. So, that's my next step. I'll update the blog shortly to reflect our savings balances. Hopefully that'll help us reach our goals, just as we did when we were super focused on debt repayment.

Questions : Did this happen to any of you? Do you find it tempting to know you have a balance growing in savings and you are tempted to spend all of it? 

T.A.X.E.S.

We had some bad financial news recently. It's taken me a little while to calm my nerves and write about it.

Hubby and I have been house hunting recently, with a plan to hopefully have enough saved for a down payment by the end of the year. It suddenly hit my husband that we should look into our taxes and what we could save by having an interest tax write off once we get a house.

In the process of doing this, he discovered that we have not been paying enough for taxes. WTF? For real? We were so good this year and claimed "married-zero" for both federal and state, so we thought we'd be getting something back next year, not having to pay!

Well, (hold on a sec, while I take a moment to calm myself...) we discovered that we're likely about $4,200 short on our federal taxes and at least $2,000 short on our state. AGHGHGHGHHGHGHGHGHGHHGH! We were both SO FRIGGIN' FRUSTRATED. How can you owe if claiming ZERO?

Our research showed us that by claiming "married" the government assumes that only one spouse is  working,  not two AND that you have multiple deductions - read: a house and kids. Yeah, that's not our situation.

So, I bit the bullet this week and had my taxes adjusted to have a bit over $1,000 extra put towards our taxes each pay period for the remainder of this year, so that HOPEFULLY, we'll end up breaking even.

By doing this, we've reduced the amount we'll have saved for our future home. Because of this, we've put off home ownership until next year sometime.Oh well. I'm a believer that everything happens for a reason and although we are disappointed about having to wait longer, it just wasn't meant to be right now and someday we'll understand why.

So, my advice for those of you who are claiming married-zero without any other deductions like us, you may want to look into what you've had withheld so far this year so you don't have to pay big time next year.