Tag: GI Bill

January 2018 Update

January 2018 Update

February 1, 2018

Hey Everyone,

I can’t believe that 1/12 of the year is already over. Seems like yesterday that it was the stroke of midnight welcoming in a brand new year with lots of things to accomplish. While there have been many strides forward during this month to kick off the 2018 year, there have been a couple setbacks.  As with any journey we keep pushing through to reach the finish line.

Husband and I reevaluated our financial situation for this upcoming 2018 year, especially since he is losing his GI Benefits in May and we needed to figure out how to pay for his summer classes and then the last semester of college for him. At first, it was going to be so constricting that we would have been having absolutely no room to breath, not even a penny could be squeezed out anymore.

After our conversation, we found some breathing room with him filing his FASFA for his last semester early. We just needed to figure out how to pay for the last three weeks of the current semester, summer classes and books for those times Which would have still caused it to be tight but breathable. Another windfall came as well in the form of my in-laws. Goodness, I love them. They kinda knew that with the loss of the GI Bill that we were going to have some difficulties so they gave us some money to finish paying the last three weeks of this semester, and then books for the summer. Now we just need to put aside money for books for the last semester at the University of Nevada, Reno. Much easier to come up with $500-$750 for books than an extra $6,000+.

We celebrated a whole year of braces for me, a successful eye surgery for Monster, and I even got a small promotion at work, and Husband is working on a promotion at his job. We even dropped my youngest down to two partial days at daycare to cut some daycare costs.

With all this stress and more “free time” since there isn’t as much overtime at my job at the moment (still an extra 12-20 hours a week, but less than what I did during OEP) I’ve been able to hit the streets more often. During the month of January, I’ve accumulated 36 miles under my feet. Yup, only 36. Those miles certainly feel fantastic right now. I’m only 7% accomplished with my goal of 500, but I’m slow and steady. I do not want a medical bill to worry about during this year. That can wait for a time of never.

January 36-500 miles

How about you? Did you accomplish any of your 2018 goals? Was it as hard as you thought it would be? Tell me in the comments.

Also, whoever can guess correctly the number of running miles completed by the end of February will get a special gift from me. Give me your best guess. Who knows? You might be a winner.

See you on the other side.

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3 Financial Focuses for 4th Quarter of 2017

3 Financial Focuses for 4th Quarter of 2017

September 7, 2017

Hey Everyone,

It’s coming upon the last quarter of 2017 so this is the time of the year we need to be more financially focused to end the year strong and start 2018 even more financially stable.

Here are 3 financial goals that my husband and I are focusing in the 4th quarter of 2017:

  1. Financial Diligence
    1. What I mean by financial diligence is sticking to the budget. I found a great free budgeting document that allows me to use Excel, and see any adjusted amounts. At first, it was a little time consuming to re-name everything because I did it individually for each page and then, my husband seeing my frustration was like, “What the f**** are you doing? You can just copy and paste the name into the cell you want because those don’t have any formulas.” He then proceeded to take over and finished what I had been slaving over for an hour in 2 minutes. I still say I did most of the work, it still got done.
    2. With all the extra money I will be working during the Federal Open Enrollment (FOE) we cannot just spend the money earned unwisely. We need to be focusing specifically putting that extra money on paying rent ahead. The goal is to pay 4 months of rent ahead in 2018 (January- April), so that during January- April when we get the GI Bill and Tax return we can put it towards the rest of the 2018 rent. That may sound confusing, but my husband is losing his GI Bill in May of 2018, so it will no longer be paying for housing or the last semester of his schooling. We really need to be financially diligent so that when we lose 1/3 of our income it won’t be as much of a blow because we have that covered. Wish us luck on that we will need it for sure.
  2. Work, Work, Work
    1. October 15- December 7 is OEP. That is the time of the year that my job hours jump from 40 hours a week up to about 100 hours. That is some hard earned money for sure. The great thing about my job is that we DO NOT HAVE to take any extra over time (OT) that we don’t want to take, outside of the 6-10 hours mandatory. We even have the freedom to spread out the OT to whenever we want to take it. That is fantastic because I still have my training scheduled on my calendar that is not to be missed.
    2. I am actually limiting myself to about 70.5 hours a week so that I don’t get burned out, can spend some time with my family, and still make some very good money. By the end, I will be totally exhausted and want to sleep for a week, but there are only 2 more years (’17/’18) where I absolutely need to push myself to my limits. I probably still will push myself year after year, so that we get closer to our financial goals.
    3. My husband’s goal is to go to college and get good grades. So far he has a 4.0 GPA, part of the honor society, Dean’s list and even does some tutoring for those struggling in his classes. We really want him to finish school, so to help financially he put in his application at Wal-Mart as a part time courtesy clerk (a.k.a cart pusher) on the weekends. It shouldn’t interfere with his studies. That will help us financially put aside some money for 2018.
  3. Forward Dreaming
    1. We cannot be planning and pushing ourselves to this extreme without some dreams of the future. During this post, it should have given you an idea of what some of our financial dreams are for the future.
      1. End of 2017- 4 months of rent paid for 2018
      2. 2018- Finish College
      3. 2019- Pay off 25,000 in debt and save 8,000 for Dopey Challenge Adventure in January 2020
      4. 2020- Pay off 35,000 in debt
      5. 2025- 30% Down payment on a house

This is going to be one turbulent adventure for sure, glad you came along for the ride.

See you on the other side!