Wednesday, April 17, 2019

March 2019 Net Worth Update - Up to $916k

March was another strong month of net worth gains for the DIY$ household. With the S&P 500 up 1.79% and a hefty mortgage payment, we were able to add $12,578 to our net worth, bringing the total up to $916,553.

CASH

We had a lot of different expensive things come up in March so I was pleasantly surprised to see our cash balance only drop by $360. In addition to our trip to Paris, we bought a new dishwasher after our old started leaking, and a couple new tires for my car. 

Another exciting thing that happened in March is that I received a promotion I've been working towards for some time now. This comes with a pretty hefty pay bump that will help our cash situation once we get through our current #1 financial goal of paying off our house.

INVESTMENTS


Our investment balances continue to be allocated primarily to US stocks and we made no changes in the month. We still haven’t seen all the bills for a hospital visit in February, which will be paid from our HSA that we include in this balance.

HOUSE/MORTGAGE 

We knocked $3,200 off of our mortgage balance in March and our home value continues to hover just under $500k. My new paycheck amount went into effect mid-month, so we are waiting until April to bump up our standard payment since any extra income we get is going towards our mortgage. We have now officially paid enough that we have saved 239 payments, nearly 20 years off of our 30-year mortgage!


A house down the street from us just sold for over $550k and for the first time in a while there are no homes for sale in either our neighborhood or some of the other similar neighborhoods nearby. This is good sign and gives me comfort that the estimate from Zillow is in the ballpark.

When we finally pay off the house, we have promised our kids that they will get to go on a cruise with us (our last few cruises they were left with other family members). We keep a jar of 'gems' in the living room where each gem represents $1,000 of outstanding mortgage balance. As we make payments, the kids get the help move 'gems' from one jar to the next, and we've now reached the point where there aren't a lot of gems left to move. Naturally, the kids have begun to ask about a cruise, so we've started looking into options.

Barely any gems left...




Wednesday, April 3, 2019

Paris for under $1,000

One thing to know about the DIY$ household, is that we love to travel and see new places and things. Each year we try to have at least one big trip with the whole family and one trip without kids. This past month, we were lucky to be able to take a trip without kids to visit Paris.




After the trip as we began reviewing our expenses, I was surprised to see how inexpensive the trip was. Take a look at the details:




That's right - our trip to Paris was less than $1,000. Obviously one glaring omission is the cost of flights (we didn't swim there).  I'm excluding though since we travel-hacked the flights and didn't have any direct cash costs. Were it not for that, our costs for the trip would have been much more (and we may have felt the need to stay longer than the 3 nights we did). The point is though, that traveling abroad really doesn't have to be that expensive. We've spent just as much or more on trips within the U.S. that weren't nearly as memorable.

HOTEL

I originally wanted to use Hotel points for this trip, but we had to use the last of our hotel points over Christmas. This ended up being better though since any of the Marriott properties we could have redeemed at had high redemption costs and weren’t located near where we wanted to be. We ended up staying at a hotel we found on Booking.com for the 3 nights we were there. The hotel was only ~$150 per night and was nicer than places I've paid >$200/night for in the U.S.

Our flight landed in the morning and we were able to drop off our things at the hotel before heading out to explore the city. The location was great (1 block from the Louvre, 1 block from bus/train station, and right near several bakeries/restaurants), allowing us to have a home base for days where we needed a break from all the walking.

FOOD

I was surprised to see how little we spent on food, but it’s also not surprising since food isn’t the highlight of a trip for us. It helps that I really enjoy bakeries and street vendor food, both of which are pretty cheap (Nutella Crepes...mmm). We also like trying hole-in-the-wall places that appear popular with locals and even found a really good Indian restaurant. 

The fancy, expensive restaurants that take 3 hours to eat a meal that doesn’t even sound very good just aren’t my thing so we went with options that were more to our liking. It was nice that I never really thought about what food cost, we just ate what we wanted, when we wanted, and it ended up being pretty cheap. 

MUSEUMS

This is the real reason we went to Paris. We love seeing old buildings and art and Paris has a lot of that to offer. On this trip, we paid for admission to pretty much everywhere we could except for going up the Eiffel Tower (the timing didn’t work out and I don’t care for heights) and still only spent $134. In addition to the Eiffel tower, we were able to see Versaille, the Louvre, Sainte Chapelle, Notre Dame, and Palais Garnier

Of all the places we paid to get into the most expensive entry fee was around 20 Euro, which is pretty incredible considering that there are elevator rides in NYC that cost twice that. We packed about as much as we could have in the short time we had, but will definitely have to go back again since we only had time for the main attractions.


TRANSPORTATION

When we travel internationally, I love being able to use the City Mapper app. Paris has great public transit, and the app helped make sure we didn't take a wrong turn or get on the wrong train. Our most expensive train ride was from the airport, but once we got into the city we were able to walk or take the bus most anywhere we wanted to go. 


My passport is about to expire and I took a little pride in seeing the customs agent having to search for a blank spot. Some places we've visited in Europe have been over-rated, but Paris I think is fairly-rated. It lives up to the hype and I'm sure we'll be there again. It's worth always remembering that with some careful planning, visiting Europe doesn't have to be all that expensive.