The most popular blog post currently is the one I made about asking for opinions on giving up the vehicle.
While we absolutely want to do this, it is looking as though we will not be able to. I only made it up half the monster hill. If we sold the car, and did not shop at the grocery store at the top of said hill, we would be doing all of our grocery shopping at Target. Umm... No, thank you.
Edit: However, keeping the car also means not getting health insurance for the wife and I. (Never mind vision or dental, which were both need.) It really saddens me that we have to choose between two fundamentally necessary things...
• Auto Insurance
Turns out that we got a better rate with State Farm. So, we are switching... Again. In order to avoid the sales pitches from Geico's money-hungry agents, I simply told them we sold the car because we no longer felt the desire to support the murdering of the earth. It worked pretty well...
There is a chance that I may be getting a promotion in a few weeks. This would mean a $2/hr raise, as well as learning more valuable skills.
It is not, however, set in stone. Keep your fingers crossed for us!
• Credit score
My credit score has dropped DRAMATICALLY since charging all those expenses for moving. 26 points, or something like that. How unfortunate. Still, our payments outweigh our spending, but I hate having a balance on these cards. >.
Archive for March, 2012
Hi all. Thank you for following.
We got both Auto and Renters insurance switched to Geico. Only saving about $11/mo, but the Renters insurance is much more inclusive (though they do outsource it with another agency). Comes with Fraud/Identity Theft protection.
Today, we are going to Lowe's to pic up some picture hangers (bought a canvas painting at IKEA with a gift card!), screws for our accent lighting in our bedroom, tarps for our bicycles that are stored on our patio, for sale signs for the car, and a tool or two for various things. Gotta start collecting tools if I want to move up from my current position at work. Also need them for working on the bicycles.
Also, today, we may be going to look at an '80's Schwinn Le Tour bicycle for $45. It is of higher build quality than my '72 Schwinn Varsity, so it will serve as a parts bike for mine. If we are going to be riding our bicycles instead of driving a vehicle, then we might as well upgrade them a little bit where it is needed.
And also, we might be getting a new stereo installed in our car today or tomorrow. Our old one went bad, so we bought a factory stereo for $50. Installation will be $25. I would do it myself, but I have not successfully done it before, and do not want to screw up any electrical in the car, because we are prepping it for sale.
Yesterday, at work, I found a great looking couch sitting out at the "junk pile" where tenants put what they consider to be junk. More accurately, it is where I put stuff that tenants leave in hallways and trash rooms instead of doing what they are supposed to because they are too lazy and feel entitled... Haha.
This couch looks like a mid-century sofa. It has a nice floral print and has a hide-a-bed, and is on rollers. It's pretty awesome. We love mid-century styles, and our current sofa is scratched up and bulky and way too contemporary for us. You can actually find the same set at RC Wiley. Not our flavour at all!
I stored this sofa in one of our maintenance rooms that only three of us have access to, so that no one would jack it. Ha! The sofa has no scratches or anything on it. Only thing is that the arm rests are somewhat hard, so our little one may bang her face on it a time or two. Haha. Well, that is going to happen no matter what.
We're excited about the sofa. Just need to figure out how to get our current one down five stories to put in the junk pile. It does not fit in the elevator, and there is a divider in most of the stairwells blocking entry from Parking Level 1 to Parking Level 2 (where the junk pile is). I'll have to figure out which one does not have that divider, and hopefully enlist my wife's uncle to help.
Oh! Almost forgot. A few weeks ago, someone threw away a somewhat older DSLR camera. It was set nicely in its nearly indestructible case, with two battery packs, two memory cards, and cleaning tools. There is no lens in there, but we have done some research, and they still make lenses for it. This particular camera (just the body is in there) is the Canon EOS D60. It was made in 2002, so it is missing some more modern features. However, it is still a very functional camera. With 169 different Canon EF-series lenses ranging from $150 to $2,000, there are plenty of choices. We found one for $170 that would do us quite well. This camera retailed for $2,200 back in 2002. The body by itself still sells on eBay and Amazon for $200. So, we are going to keep it. It turns on and takes pictures fine - just need a lens and battery charger.
Woohoo for working in Apartment Maintenance!
On a more downward note, we still have running balances on our credit cards. Currently paying only a little above the minimum payments, but that will all change soon enough.
We have been thinking about what we would do with the money left from paying off the car after selling it. We should have around $3,000 - enough to pay off Sallie Mae and our credit cards. However, that would leave us with no money to purchase a vehicle if we find that we can indeed not go without a vehicle. So, maybe we will wait a month or two to pay them off. Or we may pay off the cards or Sallie Mae, and keep paying the other. What do you think?
By the way, the current estimation of how much we will be saving per month after selling the car and having dropped the smartphone plans, is over $400! We will be allocating $50 of that to groceries (EBT benefits are decreasing) and $30 to clothing at first (need rain gear and bicycle clothing such as rain jackets), bringing the net savings to $326 per month! Also, we will be getting Washington State Basic Health plans for my wife and I, at $60 each, bringing the new net savings to $206 per month.
It should be a little more than that, because all of our budgets are rounded up and income is rounded down (by about $100/mo), and we have not factored-in our current difference between income:expenses. Just factoring in what we will be saving from dropping the car and phones.
Sounds pretty great, right?!
When I first started working this new job, I set up our Idaho credit union account to receive direct deposit. However, since then, we have gotten a BECU account.
Well, the first direct deposit (second paycheck) went to the Idaho credit union. Not a problem. Until I transferred it to the BECU account... One, I forgot to leave money in the Idaho account for our auto loan payment (through the Idaho credit union, so the payment is instant when paying from that account's checking). Second, we switched to Geico for our auto insurance and - without thinking - I gave them our BECU account info. Once that transaction went through, it sent our BECU account into the negative. ACK!
Thankfully, however, we have a little bit in savings to cover it, and BECU does not charge overdraft fees immediately. I'm not even sure what their overdraft charge is, because I paid no mind to it, as I have not overdrafted since I was 18. Whoops!
Well, glad that is taken care of. However... I need to figure out why this transfer is working on four business days to get here... It is currently in limbo - has been for two days - so hopefully it comes tomorrow.
Recently, we moved from Idaho to Washington. We expected rates to go up a little bit. However, instead, they went up from $105/mo to $166/mo. Interesting...
So I have been in contact with our new agent, and she has been unwavering in the rate.
Yesterday, we got a bill from Allstate for $326.01. What?! I emailed to ask what the hike was for, and mentioned that we would cancel if we thought it was necessary. Her reply?
[quote]I understand you are dissatisfied with the current auto rate in Washington. If you wish to cancel the policy, please notify the effective date of this cancellation.[/quote]
Seriously? No explanation for the $326.01 bill. Nada. Our paper bill does not state why. Nor does our online one. I emailed her back, requesting that the policy be canceled immediately, and that we would like a quote for keeping us insured as drivers sans a vehicle.
Oh, the insurance business... So glad I did not get involved in it when I had the chance!
So it appears as though we may be going without a vehicle before even selling it. Ha! I also have some quotes going through with State Farm and PEMCO. We shall see how those come out.
Stop Kony from abducting children and turning them into murderers.
This has been going on for two decades. What if it was your child...?
It only takes a couple of bucks...
We are doing this. So should you.
We are going to check tonight, but here is the deal...
We want out of our iPhone contracts. Wife's is up this July. Mine is up November of 2013. Do not want to wait that long. Their Early Termination Fee for smartphone users is $325, less $10 for each month into the contract you are...
What if they do try to get us to do this? We do have that much in savings. But sheesh! Ugh! I would rather just tell them to shove it, but the prepaid phone plans we want are AT&T. >.
We have a 2007 Ford Focus. 44,000 miles (great for the year!). Great mileage. For us, at least - I hypermile, so I always exceed the EPA ratings. EPA ratings are 24/33, but I get 40 in the city. Rebuilt title. Needs tires.
Auto Loan: $3,400 - $136/mo
Auto Ins: $166/mo
We are contemplating selling. We do not want to, especially with its amazing miles, mileage, and reliability. However, take a look at this (not a pretty sight):
As you can see, this leaves NO wiggle room at all. So, we need to trim the fat! We really cannot part with our phones. They are handy for when we do not have our bulky digital camera with us, and we have a daughter, so we need to capture those moments. It really is a fruitful part of our lives to be able to capture and share those moments, especially with being away from our families.
We could trim out our $32 in treats (Starbucks), which we have had to do before...
Student loans are already deferred, which I hate doing.
Rent cannot be trimmed. Nor can internet.
So that leaves the vehicle...
We have always wanted a VW camper. Why not get one if we do sell the car? If we sell the car for $7,500, we could have $4,100 left over to purchase a bus. Also, we could wait to get a bus while saving up more to get a better one. Good VW camper busses usually start around $4,000, but you should really look at spending $6,000 for one you won't need to do any serious work on for a couple of years. However, if we do end up spending $4,000 (and I have seen a couple of great ones for that price, but not very common), then I am thinking this: We will be saving at least $250/mo with not having to pay for the Focus anymore. So this could help us build a good savings again, since it was almost dwindled when we moved. Would help pay off credit cards we had to use for moving.
Here I am asking... What would you do? We like our car (don't LOVE it, but it is responsible). It is reliable, but if anything happened, we could not afford to fix it now. If we had an older vehicle (like the bus), we could afford repairs when it needed it. We could afford clothes (I am down to two pairs of undergarments and two pairs of socks, and the wife... Oh, man!). We could afford to get more clothes for our daughter (she has like five outfits and no rain-proof clothing; kinda need that here!). It would most likely be much better.
What do you all think?
Oh! One more thing! I have a contact that works on and sells (and know others that do as well) classic VW busses. So we would only be getting into a bus that we knew everything about, and knew what we were getting into.
Due to our recent move, our auto insurance with Allstate has gone by more than $60 per month! Our Renters policy, however, has gone down by $2/mo.
I have been emailing our new Allstate agent about trying to get the cost down, but to no avail. The agent's 'risk management professional' suggests that since I have two speeding violations and an accident, there is no lower rate. However, I have zero at-fault accidents. So what ever happened to Allstate's Accident Forgiveness deal?
I am starting to think it is not worth it anymore. Now that we have moved, our car should be even more insurance-friendly. It has 44,000 miles on it, and is six years old. It does have a restructured title, but they said it is not any more to insure - they just won't pay as much if it is totaled by me. Also, we are driving even less. Been here almost a month and have yet to even fill up on gas. We are averaging 20 miles per week. That is less than 1,000 miles per year. And, again, we now live in a controlled access area.
But, since we now live in a "more urban" place, it goes way up. Well, maybe I just won't insure the car anymore. It is breaking us. Our leftover after monthly expenses is now $54. Not sure how long we can last on that...