Resolution strong

March 14, 2012

Well! So far, March is progressing QUITE nicely. 🙂

I have spoken with a real estate agent, he will be keeping an eye out for potential properties and be ready for me whenever I see something I want to look at or know more about. I spoke with a mortgage broker, she is very optimistic that I should qualify for a very good interest rate and possibly even a 5% downpayment (though I want to put down at least 10%). I don’t think that I should have trouble getting finance for the amount of loan I am looking at as I am pretty conservative in my own wishes. I have a list of documentation to gather for her….including the lease for my tenants (which I need to revise and send to them to sign and send back) and my 2011 taxes (which I haven’t done yet – eek!). So it will probably be a week or two for me to get that all put together for the preapproval. Which is fine!

I also looked at my expenditures last year for groceries/household items/pet items/dining out. They were MUCH higher than I had assumed! I spent on average $311/month on these categories combined. Yikes! While I was saving with couponing over shelf costs, I was still buying more than normal + lots of veggies. I also ate out quite a bit more than my usual last year what with going to the little Italian restaurant by my house to study and also once  a week to study group as well as on vacations. The good news? I have a fully stocked house and plenty of room to cut back and save money here! My original plan was to cut back by $50/mo but now I am aiming to spend only $180/mo on these categories – a savings of $130/mo.

Here’s the House Downpayment Savings Standings for the first 2 weeks of March:
1. PAH jobs:  a petsit job = $120 net
2. Relief shifts: 14hr shift last night + a 12hr shift next Sunday = $435 net
3. Extra hours: staff meeting today = $25 net
4. Grocery running total: Spent so far: $32. Left in budget for March: $148. Savings over last year:  $279

Directly saved so far: $580 + $120+ in grocery savings. Woot woot! We are well on our way!

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