cmonkey's journal

[halfmoon]

> Water heating is our biggest cost, our water heater is 5500 watt.

I need to try a month with showers instead of baths to see how much of a difference it makes in our electric bill.

Depending on tub size it would make a huge difference. Our large basement tub hold 30-40 gallons if we fill it up to 'relaxing' level.

When I shower, I use less than 10 gallons.

This is obviously a matter of personal preference, but I can't see the thrill of steeping in my own dead skin cells.

For an interesting exercise, take a shower that you feel is of adequate length. Time it; 5 minutes is surprisingly long. Then run the shower head into a 5-gallon bucket (obviously cold water, because why not) for the same time period. Empty the bucket into the tub (drain closed) as it fills and keep count. Unless you take 30-minute showers, you'll be shocked at the little puddle of water in the bottom of your tub.

Regarding drying indoors, I'm pretty sure it varies by climate. When we lived in a dry climate and heated exclusively with wood, we just strung a clothesline upstairs (wood stove pipe ran through the room) and left the clothes there until they dried...or until we wanted to wear them . Now that we're back in waterworld, we only dry delicates on a rack in front of the wood stove. You're ahead in any case by drying at low heat, because your clothes will last longer.

[cmonkey]

Craigslist Fun & 6 Figures

Craigslist is great. We bought an upright piano on Craigslist about 4 years ago, and never did get it tuned so we never did much with it. We bought it for $50 bucks. After getting done with this reno, we didn't have a place for it so we put it back up on Craigslist for $100. We sold it tonight for $50 for a net out of ZERO.

I have a ceiling fan up as well and our old dryer. I also have some large rolls of carpet left over from our installation. At over 4.50/sq foot retail, I will try to get some good money for them.



Also, we hit a major milestone on our FIRE journey today. Our three FI accounts topped $100,000.

For an interesting exercise, take a shower that you feel is of adequate length. Time it; 5 minutes is surprisingly long. Then run the shower head into a 5-gallon bucket (obviously cold water, because why not) for the same time period. Empty the bucket into the tub (drain closed) as it fills and keep count. Unless you take 30-minute showers, you'll be shocked at the little puddle of water in the bottom of your tub.

This is a fun exercise, I think I'll do it. I'll also know how many GPM our shower is. Of course, then I will starting timing every shower I take, try to stay under 10c/shower, etc....

[theanimal]

Not sure if you take cold showers or not. But if you're looking to drop your water usage even further, doing that is my simple suggestion .

Congrats on hitting 100k!!

[cmonkey]

Not sure if you take cold showers or not. But if you're looking to drop your water usage even further, doing that is my simple suggestion .

Congrats on hitting 100k!!

Not sure if I'm that adventurous, but I do take really quick showers.


Surprisingly, selling the piano was more exciting. I discovered the 100K as an afterthought in the evening. I knew we were close, but was counting on a contribution to make the difference.

[Gilberto de Piento]

Our three FI accounts topped $100,000.

That's awesome! Round numbers! The next $100000 will go much faster.

[cmonkey]

Free Entertainment & Some Winter Gardening

C40 had mentioned how little our entertainment budget is. Well here is why!

On top of being part of the Prairie Cat Library System (access to dozens of libraries, shipped to our local branch) our local library has a huge selection of movies. Most of them are new. Movies & books are what we consider 'entertainment' and its all free.






We even get the "new" stuff. So now we don't have to pay 15 bucks/person to watch stuff like this. Just stay a couple months behind the trend.





Today I decided to build a small hoop house. It is built in the spot where our greenhouse will be! I planted a mix of spinach, lettuce and arugula. I expect we can start picking in early-mid March based on our experience last year. It was 45 outside today and this hoop house got up to 65 within an hour of building it. It is on the southwest side of our house, which is a suntrap. That's why we are putting the greenhouse here.

[George the original one]

I would stick to hoophouse in this location and put the greenhouse elsewhere. Why? Because the greenhouse will more easily overheat if you've got plentiful sunshine whereas the hoophouse can be temporary.

Here at my place, we don't have plentiful sunshine... for instance it is futile to plant anything now in our greenhouse because it is so overcast and the greenhouse works fine in Jul-Aug (provided we fully ventilate).

[halfmoon]

I was also thinking about the overheating (and making the house hot in summer) issue. Sufficient venting would be critical but possible. Ideally, the vents should be temperature-controlled.

My concern would be the moisture generated. Unless the greenhouse is free-standing, it could encourage rot in the house siding.

The hoophouse is such a great, simple idea when you have frequent winter sunshine. If we made a hoophouse this time of year, it would become a moldhouse. As soon as someone figures out gourmet ways to cook mold, we'll be rich.

[Gilberto de Piento]

I built a $600 harbor freight greenhouse once. It works really well. Shade cloth is required in the summer or it gets too hot. I don't really know the greenhouse market but it was cheap and easy to build.

You can also start plants indoors under lights in the winter.

[cmonkey]

Because the greenhouse will more easily overheat

Even in winter? In winter it would also double as a heater for the house.

In summer, we'd have shade clothe on and no plants inside with it fully ventilated.

My concern would be the moisture generated. Unless the greenhouse is free-standing, it could encourage rot in the house siding.

This is a good concern. The wall with the windows only has foam board for sheathing so that wouldn't mold. The other wall has OSB.

[halfmoon]

The wall with the windows only has foam board for sheathing so that wouldn't mold. The other wall has OSB.

Do you mean foam board under an exterior sheathing such as T1-11, pre-prime OSB, Hardiboard...or is foam board the exterior layer? That would be new to me.

Are you concerned about mold in the OSB wall? I don't know anything about your climate. Here, mold is the default.

[cmonkey]

Yes just foam board. It goes steel siding -> building wrap -> foam board -> studs. Also three to four 1x2s in there to attach the siding to, nothing substantial. I had never seen it either and it makes the livingroom cooler in the winter compared to the rest of the house, which is now very warm.

I'm not sure on the OSB/mold thing. The Midwest is pretty dry (<50%) most of the year except in July when we get the corn effect going on. I had thought of it before. I'll have to do some research. We have a friend here with an attached greenhouse on the south side. I'll have to ask him if he's had issues. I don't think he has.

I'm not too concerned about overheating.

You can also start plants indoors under lights in the winter.

This is what we do now, and it is less than ideal. Very difficult to keep clean. If we decide not to do the greenhouse we are planning, I would build a standalone in that same area.

[George the original one]

Because the greenhouse will more easily overheat

Even in winter? In winter it would also double as a heater for the house.

In summer, we'd have shade clothe on and no plants inside with it fully ventilated.

LOL, I wouldn't know about a sunny winter day cause we don't get them!

Spring/fall sunny days where it's 60F, our greenhouse can sometimes touch 80F with the vents open. We pull the side panels off to keep it from overheating in the summer, but we're not using shade cloth (partly because the sunlight isn't terribly strong here most of the time).

[cmonkey]

Sprouts!

9 days later, I have some sprouts in my hoophouse. I think it's arugula.




Operation Single Catdom

Since we adopted Monty from out backyard 2+ years ago, we have had two cat worlds. Originally he lived outside until we just couldn't stand leaving him out anymore (and he got hurt), so then we said "one month in the basement" (while he healed). That turned into "well, now it's winter and he's so used to the warm basement!". So then we started keeping inside in cold weather and putting him in the garden in warm weather.

Meanwhile, we've had two sister kitties since 2011. They have had the run of the upstairs that whole time, but we really wanted to keep them in the basement at night. Now that's half finshed, we can...well except that's a different cat world!

So we've decided a fun project will be to merge the two cat worlds and give them all the entire house (upstairs+basement) during the day and just the basement at night. We've already started actually, following this method. We have started bring the girls downstairs and the boy upstairs. It's going well with the boy and one of the sisters. The other sister is a big baby and hates it! It'll take more effort with her.

They have always sniffed under the door, and so they know each other's smells already. We have been cracking the door and they are starting to sniff through the crack at each other.

Starting today, we are bringing them into face to face contact, one sister at a time. One is in a cage, the other is free. Then we swap them the next day.

Doing this will give us a number of positives

1. We have a good place for the girls at night. Currently we have a huge multi level cat cage condo for them, but I feel bad about it.
2. We can keep the basement door open, letting heat up from our stairwell. It's a heat trap.
3. We can stop living in a locked down house! We always need to be careful around the basement door. Monty wants up and wants attention when we are upstairs.

Sisters





Soon to be step-brother






The moral of this story is - shoo away stray cats!!

[cmonkey]

January 2017

This year is starting off with a bang. We saved 89% of our income. That includes my companies contribution to our HSA. Without that we still saved 87%. All in all it was a "normal" feeling month with no effort to save any more than we felt we had too.

This was also the first month in over a year that spend zero on renovation.

We also started air drying our clothes inside and it works very well. Jeans take the longest at about 5 hours or so. Everything else is dry within just 2-3 hours. We have a rack set up in the warmest room and have a fan blowing on low.

Expenses/Savings


Total Spend - $804.08
Total Savings - $6,633.39 ; 89%











Lending Club is continuing to lose money. This is the second month in a row, however, it was less of a loss. I did a bit of my own Loss Projection and I will also lose money in February, although the loss will be less. Things will probably turn positive starting in March, but we'll see. My portfolio age is now 13.4 so returns will start to stabilize within the next few months.




For now I am funneling all our savings into liquid dividend paying stocks with a slight cyclical bent. I've added to LYB, TGT, T AND PFE over the past few months. I also sold MDU (+56%), CAT (+42%), and GPS (this was in Sept for break even).




I still can't bring myself to max out the 401K. Don't ask why, because I don't know.








Total FAI - $3849.83 (+239.20)

Time to Bills Only - 7 Months (-2)
Time to Bills & Food - 21 Months (-3)
Time to TTM Expenses - 46 Months (-2)

TTM Expenses - $14611.64(-170.21)


Our TTM is set to plummet next month as last February's high spending rolls off. March will be an even bigger drop. We'll sit around 13K at that point. Our 'Time To' values all decreased nicely due to saving more than I have projected.


Work Life

I mentioned a few months back that we had changes coming at work. The changes have come and gone and we've settled into new balances for now. Our tech lead retired (not the one I thought would) and so work has shifted around. I now have more work to do. Or it could just be the time of the year/timing on projects. Our team is transitioning more into a service where we don't handle the planning for the projects going on within the systems we support. We are really just administrators so that's the way it should be.

Overall the changes were for the better. I enjoy being here more than I used to. I am also doing 2 days a week at home now, so that is saving me 4 hours a week of commute time.

[C40]

Max out that 401k!!!! DO IT!! https://www.youtube.com/watch?v=ZXsQAXx_ao0&t=4s

[cmonkey]

Peer pressure really get's to me, I guess that's all it took. DONE!


I have been on the fence for the past few months. Originally the plan was that the earnings from LC would be greater than the tax hit from not maxing out. Now that LC isn't performing as well, I can't make that projection anymore.

I've been toying with the idea of just halting all LC investment until I'm done working and then roll some of the 401K into LC. I only need a certain amount for what I have planned. This would end the tax I'm paying on LC interest now, and would allow me to roll over more from the 401K via the Roth ladder each year since my taxable income would be lower.

[C40]

Now you can put your feet up on your desk and feel like the Monopoly man knowing you'll be getting a Community Chest cards every year about how you're getting a bunch of income and capital gains and paying zero taxes on it.

[Gilberto de Piento]

Are you concerned about the funds being locked up? I know there are workarounds but they could if the laws change.

[cmonkey]

Yea it is a concern, but I haven't seen anything about Trump wanting to chang the conversion loopholes. I expect if it were to change, now would be the time and I could change back.