I have a confession to make! My net worth has shrunk dramatically over the summer and it has really depressed me. I guess I just didn't realize how much confidence I gained from having money in my bank account. It's not like anybody knew whether I had money or not, just me.
It's only September and DH has already made over $90k this year, with a lot of overtime still to come. It's going to be a big year for us. I guess I just don't feel like we have much to show for it. On top of that, I've got a lot of bills coming in from a recent trip we took. We traveled to an out of state wedding with friends and ended up picking up some extra expenses that I haven't yet been reimbursed for. I am hoping they live up to their end of the bargain, but it doesn't look good so far. They make probably a quarter of what we do, so I feel bad even thinking about it. Most of it I don't mind, but we agreed to split a gift, and spent $200. I put the gift on my credit card. It is going to irritate me for a long time if I get stuck paying for their portion. Had I have known it would go this way, I would have bought a less expensive gift. We spent over $1,000 just on airfare, accommodations, and a rental car. I was thinking a $60 gift would be plenty under the circumstances. Sorry to be a whiner. I just feel sorry for myself and want to tell someone about it.
So what have we been spending all our money on? Well, I think I already wrote about our unplanned and uber expensive driveway resurfacing to the tune of $14,000. Before having the driveway done, we had already committed to hiring DH's brother to do some work on our house. Both the materials and labor for that job went well over what I was expecting. We also had him put a new door in the rental house. In a couple of weeks he's coming back to do some work on the rental gable, paint the whole house, and put new carpet it the living room. We have decided we don't want the house vacant over the winter, which means we need to find a renter. Not only will these improvements make the rental house compliment our house, but they will also make it more desirable to rent and thus we can charge more in rent. Luckily I already have the paint paid for and the materials for the gable. I will only have to purchase the new carpet and pay the labor. Even so, I'm a little scared what this will add up to. I'm so tired of giant irregular bills rolling in. I've put a hold on all of my designated savings accounts. I know I need to stop freaking out. Things will eventually catch up and turn around. I just need to be patient.
On the flip side, my mortgage is coming along nicely. Even though I'm no longer collecting rent to put towards extra payments on the mortgage, it is now below $150,000! This has been a goal of mine for a long time! I can't wait until I can get our savings rebuilt, get a tenant in the rental, and start throwing wads of cash at the mortgage again. It feels so long ago, but I do love a good challenge.
So that's where I'm at.