2021 is flying by and it's important to check my progress towards fulfilling the year's goals. Every year I set 3 or 4 goals, usually related to weight loss and managing my money. This year is no different. My goals for 2021:
Search My Frugal Miser
Wednesday, April 21
2021 Goals Update
Sunday, April 18
Anatomy of a Home Sale (or How I Got Free Housing for Over 2 Years)
I closed on the sale of my home on March 31st. Through no skill, just a rising tide of increasing home values, I managed to live in a brand new house for 31 months with zero costs.
I sold my home to Zillow for $266,700. I bought it for $214,990. That's a $51,710 profit, or an average increase of $1,668 per month.
The largest expense of homeownership was the interest I paid on the loan. My mortgage was 4.75%. I tried refinancing - twice - and both times our broken underwriting process decided I could not afford to save money on my monthly payments. Frustrated, this became the impetus for selling. I don't like being taken advantage of. I paid a total of $19,990 in interest while I owned the home.
There were significant other expenses to owning this home. I bought in a new development, and most neighborhoods these days have an HOA. That only scratched the surface of the nuisance of owning in this neighborhood. You see, I also paid CDD (Community Development District) fees. This included interest on debt the developer took on to build the neighborhood, from laying fiber internet and street lights to a zero-entry pool and playground we never used. Combined, HOA and CDD fees were about $400/month.
There was also homeowner's insurance. This wasn't significant, a few hundred dollars per year. New, concrete-block homes don't cost much to insure.
Last, there were some closing costs, both when I bought the house and when I sold it.
Add everything up, and my profit from selling the house completely covered my carrying costs while living there.
Our New Home Costs Less
Did I Leave Money on the Table?
Tuesday, April 6
My Frugal Miser - March 2021 Income
Even with substantial costs attributed to our move, my income easily exceeded expenses in March. We completed our move back to Clearwater, so I didn't work nearly as much as usual. We spent a lot of time cleaning up the house and with moving everything.The Airbnb was booked every day except one, plus I blocked two days on the calendar. I had a tree service do a fair amount of work trimming trees, removing a dying citrus tree and grinding an old stump. Stump grinders are super noisy so I made sure there wasn't a guest present. I spent $790 on tree services and the yard looks so much nicer now.
I received rent for all three of the Birmingham rental properties. I also received a distribution from Realty Mogul.
March Income: $12,219
$0 Meeting Jobs
$5 Gig Apps (Rideshare, Food Deliveries, etc.)
$1,363 Amazon Deliveries
$3,446 Rental Income (Rental Expenses: $420)
$3,978 Airbnb Income (Airbnb Expenses: $1,863)
$26 Interest Income
$86,939 Proceeds from Sale of Home
Investment Accounts Change in Value: ($6,237)
Saturday, April 3
My Frugal Miser - March 2021 Expenses
- The household expense includes $1,423 for the mortgage. We moved at the end of the month to a house I already own outright, so this expense is going away.
- Spending on food was stubbornly high because of the expense of our low-carb diet. We are still preparing nearly every meal at home, which saves on restaurant meals.
- I placed two new Healthy Wagers. I have made a total of 5 bets that I can lose weight. Two of those bets have ended and I won. This helps motivate me to lose weight.
- We visited Atlanta for 2 nights.
- Jetstar canceled our August flight to Australia, and soon after Carnival canceled our cruise. I opted to apply my cruise deposit towards a future cruise but took a refund for the flight from Honolulu to Sydney. Conveniently, we salvaged our vacation plans: last year I signed up for a timeshare offer through Hilton Grand Vacations that includes a 5 night stay in Hawaii. I had already booked a flight from Tampa to San Jose, CA and from there to Honolulu for the Australia trip, so I simply switched the second flight to Kona for the same dates.
March Expenses: $6,251
$0 Clothing/ Personal Care
$518 Fun (vacations, movies, gambling, alcohol, concert tickets)