Dangit! The insurance company has denied our claim for the helicopter airlift that took my daughter to the hospital with a dislocated hip. They said that it was "medically unnecessary". We went with the advice of the EMTs that were on the scene. How can they deny that this wasn't necessary? If insurance doesn't help, it means that we will have to cover the entire cost of the helicopter ride which is.............................................................................................................................. $52,000!!!! Ack!
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So, my daughter won a sweepstakes in 2016 valued at $5000. She turned 17 in 2016. She had no other income (no job or interest).
Does she need to file a tax return for that $5000?
Any suggestions on a warm destination for a family of 4 on a budget for the week after Christmas? We live on the east coast... not opposed to flying somewhere. Help!
Anyone out there that can help?
We had purchased a home back in Aug 2006 for $288,000.
We lived in it until Aug 2012 when we started renting it out (we purchased a different home to live in and could not sell this one at all so renting was the only option).
The same family has been renting the house since Aug 2012 and now are ready to purchase it.
We haven't figured up the final number but I'm going to start with offering it at $250,000 and we'll probably end up selling it for a bit less than that but ultimately, we are definitely selling the house for a loss when compared to our purchase price of $288,000.
We have filed the property as a rental property each year on our taxes, claiming the rental income and all expenses including depreciation, etc.
The renters are flexible about WHEN to purchase the house whether it be in the next couple of months or later. Their rental agreement actually ends July 31, 2017 and so this next August 2017 will mark a complete 5 years that the house has been an official rental property. Since we will be selling at a loss, does it matter if we wait until after Aug 2017 to sell the house to them at all? I thought there was a 5 year minimum rule of some sort regarding the sale of rental property but I can't remember what that rule is.
Does anyone know if it matters to hold rental property for a minimum of 5 years if we are selling the property at a loss?
So, my last post was about how I loaned $400 to a co-worker. She had said she would pay me the following week but didn't. Then, she said she would pay me on payday, which she didn't. All of these "promises to pay" were with the other co-worker she borrowed from... I never really spoke to her directly myself.
So, after 6 weeks of nonpayment, my DH got a little antsy and asked me to confront her. I figured to be less confrontational, I would send her a text saying that I needed the money back for xyz (which were all true) and that it would be appreciated if she could pay me soon. A couple of hours after I sent that text, she pays me back! So, apparently, I just had to ask to get my money back was all. Oh well. I'm just glad that's over with.
So, 3 weeks ago, a co-worker comes to me saying that another co-worker is in desperate need of $800 to pay a bill by 5:00 that day (it was like 4:00 at this point). This co-worker in need is well liked, super friendly to all, and has never asked for any hand out or anything before. I truly thought maybe something was really wrong. So, this co-worker and I agreed to give the one in need $400 each. The co-worker in need was super thankful and headed off to the bank to cash our checks to do whatever with the $800 before 5:00.
Fast forward to today. Payday was yesterday and I thought for sure that I would see my $400 paid back to me. But, nope. So, I asked the other co-worker that also lent $400 the status of her payback and she hadn't been paid either. I finally asked if she knew the reason that the $800 was needed in such a rushed time... I thought maybe it was to pay the power bill or to pay rent or something like that. Come to find out that the reason this co-worker needed $800 was to buy her teenage son a car! She found a killer deal and didn't have enough money to pay for the car that day and the seller had given her until 5:00 or else they were going to the next person interested. I was livid! That is no emergency whatsoever!
Anyway, co-worker in need has promised to pay us back next week. From what magical funds, I don't know? We only get paid once a month which was yesterday so if she doesn't have the money now, where is she going to get it next week? But, I have no issues with lending her this money and I don't doubt that she'll pay us back, as she really is the type of person that keeps to their word.... however, now that I know the reason behind the "emergency" makes me a bit upset at myself for not asking what it was for to begin with (I just didn't want to pry at the time).
People, if you don't have enough cash to buy a car for your son, then don't go crying to co-workers... am I right?
Read this to catch up on part 1 ---->
Ok, friends. Last we left you, I was just graduating college at 21 years of age and ready to tackle the world. I got promoted immediately to manager at the restaurant I had been waitressing at throughout college. I was quite excited to now be making $18,000 a year. But that didn't last long because of another opportunity that popped up 2 weeks later. I received my first "real" job offer at Wachovia Bank. I started working as a Banker for them in January saying good-bye to my restaurant days.
On the personal front, I had been dating my boyfriend for 6 years by this point. Once I graduated that December, he proposed and we planned for a June wedding. So, again, life was good. We actually went ahead and purchased our first house together that January even. Looking back now, we were so naive in our purchase... basically bought the very first house we looked at but we were so happy and proud.
Financially speaking, here is our current picture 6 months after I graduated from college:
New home owners
No college loan debts
We both had good stable jobs at the time.
--My salary as a loan officer was $28k and my DH's salary as a teacher was $22k. So, we were making $50k as a couple which was not too shabby for a couple of 20-something year olds fresh out of school starting our lives together.
Then 9 months after we married, we found out we were pregnant. A surprise? For sure. But, we were happy and looking forward to our baby coming along.
We were living the dream in middle class America.
All was perfect... for a little while.
To be continued
So, I started being a vegan on April 8, 2016. Figured I would share some of my meals every once in a while for those interested.
This meal was prepared after a long 12 hours at work yesterday. I was tempted to just eat a bowl of cereal but then thought about all the random veggies in the fridge. Started chopping things up and voila. Stir fry mushrooms, broccoli, and onions over a bed of white rice. It was so delicious.
In a previous post, I had mentioned that we had been rear-ended while we were on Spring Break vacation. We finally got our car back from the shop after all this time. When we picked up the car, our body shop guy suggested that we file a diminished value claim with the other party's insurance company. We had never heard of this before but apparently, since the damage of the car was so severe, we should be able to recoup some of the value lost due to the accident. The car is just a year old and pre-accident value would be guestimating at around $26k. The cost of the repairs was almost $13k which is nearly half the value. Since the accident was such a high dollar amount, we'll have to disclose it if we want to sell it in the future... which means that we couldn't get $26k for it right now like we should've been able to prior to the accident. A diminished value claim would provide us money for the difference in values.
I've emailed the other insurance adjuster about this 2 days ago and have gotten zilch response... Has anyone else gone through this kind of claim before?
So, a month ago, I posted a "teaser" in announcing that our oldest DD entered into a national contest and was the winner! Here is what she won:
1) $1,000 gift card to Macy's
2) Professional hair and makeup for her and her girlfriends
3) Professional photography session with free pictures, etc
4) Catering for a pre-prom party for all her friends
5) Limo ride all night for all her friends
Her prom was a blast and everything went so well that day.
I am in the mood to just "talk" a bit so go ahead and ignore this blog post if you just would rather... it won't hurt my feelings, lol
My family came to the US when I was four years old with nothing but the clothing on our backs and a bag of immigration paperwork and that was it. My parents worked hard, really hard to get us established in this country. My mom worked nonstop in manufacturing plants. As each plant would close and move their operations overseas, she would find another factory job and start over. My dad worked in a restaurant as a cook. However, my childhood was not a bad one at all. No drugs or alcohol involved. No domestic violence. Just a simple childhood with my 3 siblings.
We definitely fit the bill of the typical low-income needy family. We were on food stamps and got free school lunches, etc. We are talking hand me downs, accepting gifts from others, and making do with the bare minimum. Whether it was clothing, household needs, or whatever, our family either made stuff or got things from church members or donations.
We were a 6 member family living strictly on a very small blue collar income and my parents did not make any excuses. They did not keep up with the Jones's. They did not succumb to the kids' desires to keep up with the coolest clothes or gadgets. We just had no money. They accepted "charity" up to the point when we didn't need to any longer.
Reality IS hard and to cloud it up with falseness is never a good thing. My parents understood this. We couldn't afford luxury cars or brand name clothing. My mom hand sewn and made all my t-shirts until I was in middle school for goodness sakes. But you know what? I had clothes on my back. I was fed. We had a home (rented). We had our own car (purchased a really old one). We had all the basics covered and MY PARENTS DID NOT USE DEBT AT ALL.
So, fast forward to college... My parents took out a very small $1500 federal loan that I had to pay off upon graduation to teach me how to deal with my first taste of financial responsibility. They paid for my entire tuition while I had to pay for my living expenses. So, yes, I waitressed my tail off while in school... and I did pay off that student loan right after graduation, had no debt, and had about $5,000 in savings. Not too bad for a kid right out of college. I got my degree in Business and Financial Management and thought I had all the best money sense in the world.... but I was wrong.
To be continued
So, the total from the feral cat bite that DH was the unfortunate recipient of back in March has been tallied up....
Before insurance, the total cost is $10,892!!
After insurance, our cost is $1,133 but we were able to file on our supplemental disability insurance as well and got back $220 on that policy so NET effect is $913 OOP.
$913 is nothing to sneeze at but dang, how is it that getting simple vaccination shots should cost over $10,000 to begin with?!
1. DH tried to rescue our cat from a fight with a stray and the feral cat took a big bite on his hand. Had to go to ER for tetanus shot, antibiotics, and rabies vaccination. We do have insurance but will expect some medical bills from this.
2. We got rear-ended while on our Spring Break vacation. The hit pushed our car into the car in front of us so our once new 2015 Honda has severe damage on both ends. Yes, we won't be out of money since the other driver is at fault, but my poor car...
3. Super strong wind storm the other night caused a power outage... after the power came back on, we noticed that our furnace now doesn't work. Our trampoline was basically folded in half and our backyard grill was thrown around like a twig.
All in the span of about 2 weeks. I think we are done with Murphy since he's hit us 3 times. Can someone come take him away now?
We are currently in a 2yr ARM at 4.75% (26 years left) at our local credit union.
We are thinking about refinancing with Wells Fargo:
15 year fixed rate at 3.375% before the Feds announce a possible increase in December.
I talked them down to $700 in fees (appraisal fee, credit report, origination fee, etc). They originally quoted me $1,266 in fees so this saves me a bit of money. The remaining legal stuff will have to be paid as well when I choose my closing attorney.
Anything else I should worry about or consider before we actually go through with this? I've never done a refinance before (just purchase mortgages).
To MonkeyMama and to anyone else in northern CA... I have to go to San Francisco in July for work. Husband and I thought it would be a good time to piggy back a family trip with my work trip (would save us my cost of an airline ticket). What should we plan for? Any places we must go visit? The only touristy things I know about are The Golden Gate Bridge and Alcatraz. Anything else in the area we should look at? Thanks!
Daughter got braces put on in Oct 2013.
Dental insurance agent submitted the claim for us and we got $500 check for the initial treatment payment.
Fast forward to yesterday... and for some reason, I received another $500 check in the mail.
The notes say for initial treatment of braces put on in Oct 2014??
I know this is a mistake as we are only supposed to get one initial treatment check but dang, it's $500.
What would you do? Cash the check and just wait for them to ask for it back (if they do at all)?
Ask my insurance agent WTF is going on?
So, we have a house that is being rented by a great family. Payments are on time, house is kept up, etc. Only problem is that we settled on a rental amount that is short of meeting our mortgage on the property. We tried to sell the house 1.5 years ago with no luck and we were fortunate to find this family that would rent it from us ... better to have the majority of the mortgage paid by someone else than for us to have keep paying the entire amount. Anyway, their lease is up for renewal in a few months. The difference between the rent amount and the mortgage amount is $347. Hubby says that we need them to pay the full mortgage amount or we should try to sell the house again kicking them out... I am not so sure. I think we should increase the rent by like $100 and let them lease for another year (doubt they could afford an additional $347). They love our house and have treated it like it was their own... They would buy it but they foreclosed on their last home due to other issues and so now can't get a mortgage to buy ours. What are your thoughts? Ask them to pay the entire $347 additional each month or else kick them out and try to sell it? This wouldn't be so hard except that they really are good people...
First, thanks to all of you that commented on my last post. The whole situation is still in flux at the moment so we'll see how it all shakes out (MY boss just came into my office this morning with an absolutely new setup that involves people moving OUT of the redone space -- he asked for my opinion and I just silently wished I had a spit ball I could throw at him ).
Anyway, on to better topics. Any of you extreme coupon out there? I started couponing back on Mother's Day and after some mistakes and learning the ropes, I think I finally got the hang of it. I have also slowed down quite a bit too. For example, now I only buy toothpaste when I can get it for FREE, not $0.50 or $0.25... but FREE. This is because I have too many in my stockpile to worry about trying to get even another one just because it's a deal. So, I've gotten to the point now where it has to be FREE or a money maker in order for me to run for it. It's actually quite a freeing feeling (no pun intended).
Just thought it might be cool to know of you guys that are also couponers. I've been doing it for 6 months and have primarily focused in on the health and beauty deals. I have enough paper towels to last quite a while and plenty of feminine care products to keep our family of 3 ladies taken care of so that poor DH doesn't have to make any quick stops to the store (if you know what I mean). I do need to step up my game when it comes to food shopping but I am getting there
I am tired of pettiness, stubbornness, and down right meanness...
I supervise 5 ladies, 3 of which are just making me mad. They have worked together in the same office (literally) for over 17 years with the same office/furniture set up and layout all this time. My boss decides it's time to hire another person and wants me to redo the office space to accommodate this new person. I ask lots of questions and provide these 3 ladies ample opportunity for input and collaboration on where we will put this new person. So, all is agreed upon and moving-furniture-day arrives. Last Wed, we had a gaggle of men here moving things around and re-organizing the layout of the office based on the specifications of what we all agreed on. On this moving day, one of the ladies is on the verge of tears, looks so upset, and is so distraught... MY boss notices her reaction and comes back to our area at the end of the day after the entire move is completed just to ridicule ME about how I jumped the gun and he didn't authorize such a move (just to save face in front of this lady). I have now lost all credibility as a manager/supervisor over these 3 ladies and it gets worse... these ladies aren't even speaking to me now except for the work stuff that we have to talk about. We used to have a very friendly and open work environment but now it's like I have entered into the most depressed work environment ever! I don't even get a good morning any longer.
I am tired of the second grade behavior --- get over it already! This has been going on for since last Wed and it's just stupid. It's just a freakin' office that instead of being shared with 3 people, it's now going to be 4 (new girl starts tomorrow). The space is large and there is still plenty of space... Geez, people.
Ok, sorry, I had to vent. My DH thinks these ladies are so juvenile to get worked up over a moving layout that they all came up with in the first place. I didn't tell them it had to be any certain way but as a group, they came up with the layout and now they are punishing me for disturbing their way of life for the last 2 decades! Arrgh. Makes me want to look for another job where there are mature people around! --Oh, and I now hate my boss for backstabbing me. He and I spoke extensively about this office move and I only acted upon his direction but he made it sound like I caused all this 'unnecessary' drama. Crazy, I tell ya.
I have always done our taxes, first manually filling in all the forms by hand, then moved on to TaxAct and have been using TaxAct for several years now.
Last year, we became landlords and now I find myself in uncharted territory. I think it should be simple enough to put our rental info into TaxAct but I have a little voice inside me that just won't shut up... I guess I'm afraid I'll miss something and really put us in target for an audit or something.
Any of you do your own taxes while having rental properties?
I just got notice from my bank about LexisNexis... any of you heard of it before? I hadn't. Basically, everyone knows how we can request a free credit report annually, right? Well, apparently, with that same FACT Act legislation, we can also request a free report with regards to insurance claims and employment/resident histories about ourselves once a year as well. Who knew? Anyway, the company to go through is LexisNexis. You have to submit documentation as to your identity and they will send you a report providing a 7-year history of losses associated with personal property, auto losses, inquiry history, etc. that is on file associated with your identity. Apparently, insurance underwriters use this info in determining your risk and premium rates and stuff. Some employers or landlord companies use this info too. Anyway, just thought I would share the info in case anyone was interested in obtaining this free info.
I have really tiny feet (size 5) and have never found any pumps that would fit... until recently! OMG, I can actually walk around work without my feet killing me and I love it. So, what do I do but go on a shopping binge. Eeek. I've bought 3 pairs and spent $255. They are not cheap shoes and I love them so I figure they are worth the investment but geez, my pocketbook is feeling the pinch!!! I got a black pair, a neutral beige pair, and then a leopard print pair. Quality shoes mean money, I suppose and these 3 pairs should last me a long while.
Our realtor just called to update us on the second showing we had last night. The couple really likes the house and are working out the numbers to see what kind of offer they want to put in!!!! So, we don't actually have an offer yet but this is the farthest we've gotten in the 3 years we have tried to sell the house!!! They said that they will try to get something together and submitted tomorrow --- wahoo!!!!!!!!
Gosh, has it really been nearly a month since I last posted? I need to be a better blogger.
Things are going well with the short sale house. We've gutted the main bathroom down to the studs, hired a plumber to move some pipes around, and have dry walled everything back up. We still have a lot to do though:
-lay down tile
-buy vanities & toilet
-decorate (the fun stuff)
We did have to divert our attention from the bathroom for the past week though... to the laundry room. Our state was having its tax-free weekend on energy efficient appliances so we went ahead and scored a pretty nice deal on a stackable washer/dryer set. After all the discounts, we saved about $500 on the deal. So, in preparation for the delivery this week, we had to tackle the laundry room. Man, that was a chore as well with all the hole patching, replacement of the plumbing stuff, and painting... but all we have left now is to put up crown molding (there were issues where the walls met the ceiling).
Do you guys want pictures of any of the remodel as we go along? Or would it be more fun to get a full on before/after shots of the different projects?
Oh, and an update on the asbestos issue---- we sent off a sample and it came back NEGATIVE! This relieved my DH so much. Yay, for good news.
So, it's been a while since I've posted... we've had the house now for a little over a month -- the roof has been replaced and we've demo'd one of the bathrooms down to the studs. After which, of course, was when we started thinking about possible asbestos in the house. The house was built in 1981 so it was in those few years of transition where builders were using up the stock they had left when the laws changed. Chances are our house doesn't have asbestos in it but we'd like to know (even though we've probably sucked it all in by now with the bathroom demo). So, does anyone have a clue as to how we can send samples out for testing or who we send the samples to??
We got our good faith estimate from the bank yesterday... yuck. With each of the 3 houses we've bought in the past, we always negotiated for the sellers to cover closing costs. So, it was a shocker to see how much we'll have to bring to the table with this short sale deal!! Yuck, is all I can say. Poo!
So, we had the contractor come out and do an inspection of our short sale house. We were cautiously optimistic as the house is 30 years old. We knew that it needed a new roof like yesterday but other than that, we thought it looked alright from our naive viewpoint. Since the house has been vacant for over 5 years, we wanted to make sure the structure and major systems were okay instead of the minor stuff that inspectors look at so we hired a contractor to come out to investigate rather than a typical home inspector.
He came yesterday and the news was great! He said that we definitely need a new roof but other than that he said the house was built very well. He said even the sub-flooring was built in a way that was top notch and not just with regular particle board stuff. We went through a small punch list of items to address but other than that, the contractor said that we were getting a solid house that just needed cosmetic updating. Whew!! This is what I wanted to hear.
So, now I am heading to the bank today to finalize our mortgage process. Looks like we are moving full steam ahead!
I've shared some pictures before but here are a couple more to tease you with:
Nice gas fireplace
French doors to the office
Some of the backyard (that stuff in the bottom right corner is a ton of MINT growing!)
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