It is about time for a monthly update
FEBRUARY INCOME –$9,756
OTHER INCOME:
- EBAY SALES: $721
- SURFBOARDS: $842
- CAR SALE: $8,184
TOTAL INCOME: $19,503
FEBRUARY EXPENSES – $772 USD - The expenses below are in Euros, we do the conversion of the total into USD. THIS MONTH IS A LITTLE TRICKY - EXPLAINED BELOW
Car annual insurance: $0
Gas (Car): 0 - bye bye car
Groceries: $295.45
Cellphones: $20
Internet: $0
Misc./Entertainment: $325.12 - Includes a couple of meals out with Chica, car annual inspection, a $100 down Parka (spoiler alert for where we are moving), medicine, etc...
We saved 96.04% of our income.
OTHER EXPENSES RELATED TO HOUSE AND PARKING SPOT PURCHASE: $30,412 - We are counting the value of the parking spot and kitchen as home equity. Separating these expenses from our monthly expenses since they are one-time expenses and do not represent future average expenses. - Architect: $786
- Taxes: $2050
- HOA: $30
- Kitchen: $8,362.91
- Purchase Parking Spot: $18,723
- Notary: $460.18
CURRENT ASSETS: $677,943 ($56,478 increase from last month)
Cash savings: $72,972
Investments: $472,723
HOUSE EQUITY: $132,248
ACHIEVEMENTS/HAPPENINGS THIS MONTH:
- Big news. Chica accepted an offer from her current company back in Chicago with a 24% salary increase plus bonus, this year might be $10K. She also gets to keep all the fun stuff like 4 week vacation, 401K, insurance etc...
- Chica and mini have tickets for March 29 and I have one for April 7th. We will travel to Arizona and spend time with chica's parents for a while until we figure out our housing in Chicago. I will also start applying for jobs from AZ. We are quite excited for the opportunity and the change of scenery. We forecast we will have a NW of close to 1M in investments in the next 4 years with a house and parking spot payed off when we come back to The Basque Country to ERE. Impressive set up in our opinion.
- It seems that I might not even have to give my two weeks notice at work since it seems my company will not need me after this month.
- I sold the surfboards and car for almost the same price we payed for them. Great lease.
- Chica's parents gifted us 30K. We used them to max out our 401Ks for 2020 and purchased a parking spot right behind our condo. The parking spot is already rented for 80E/month. We cover the cost of the HOA for the condo and garage with that money and keep another extra 15E/month.
- We already figured out the details for the construction of the condo. Floors, kitchen, doors, windows, paint, etc.. We wanted to have everything figured out before leaving.
On another note, we had (mostly me) a pretty ugly conversation with my mom about her errand attitude and how much she has changed during the last year after her divorce. Not only she didn't accept the feedback but she actually brought some thoughts up about myself and my sister. Based on that conversation, Chica's opportunity and my contract ending, we thought that the best decision was getting out asap. Not hard feelings. I think she just needs time for herself and space.
It is time for a new chapter in our lives. We will do the best we can to have fun, enjoy and achieve our goals.