The Most Un-Romantic Blog Post You Will Ever Read ($93,724)

I got married last Friday.  That was our plan BEFORE we got engaged — hence my extreme surprise when a ring was presented to me.  My boyfriend/fiance/hubby (I’m never really sure what to call him) is currently a student, and we bought our two-family house together.  I wanted to ensure that I could put him on my benefits, because I wasn’t sure if his having an income would affect his insurance eligibility, and I’d rather not have to scramble if he were to find out that he now has to pay a huge amount.

But insurance benefits aren’t the main reason we got married this year.  Tax benefits are.  Getting married this year instead of next year means about $6,000 less in tax liability.  That’s a lot of money when you’re planning a wedding/bought a house/paying off debt.  So we got legally married for about $150 in marriage license and officiant costs.  We don’t really consider ourselves married for any purpose other than taxes and benefits, and we purposely planned to do it on the same day as our wedding celebration next year (only one anniversary to remember).

While updating my benefits, I also updated a few more things.  I decided to change my withholding to married, which will lower my tax refund, but will mean more money in my pocket now.  Offsetting this, I increased my HSA contribution.  I’m hoping that I am able to make a lump sum contribution to the HSA around bonus time next year, so that we can get LASIK for my man–I had it about six years ago (is it really possible that it was that long ago?!) and it was some of the best money I ever spent. I mean, I financed it, and that wasn’t wise, but otherwise it was definitely worth the cost.

I also increased my 401(k) a percentage point.  I’m now contributing 8% of my salary.  I would like to do more, and I have it set up to automatically increase a percentage point each year, around what I think is raise time.  Ideally I’d like to be contributing 15% (or really the annual maximum) to make up for the amount of time I contributed nothing towards retirement. The lovely website recommends saving 10-15% of salary each year, which I assume is geared toward helping you maintain your existing level of comfort in retirement.  The good news is, I certainly don’t spend money (on housing, food, etc.) like someone who makes my salary–because I’m sending $1,000 a month in student loans.  So really, I’m living like someone who makes at least $15,000 less annually.  This makes me feel a little bit better, but as soon as those loans are paid off, I want to ensure I’m contributing at least 15%.  Hopefully it doesn’t take me 15 years to get there.

Freaking Out! ($90,938)

There are two distinct issues that will likely prevent us from closing on our house next week.  One is on our side, the other is on the seller’s end.  I can do absolutely nothing about either one of these things, except perhaps beg for the requirement to be waived.  Essentially my boyfriend’s tax return hasn’t been fully processed, because of potential self-employment tax that he owes.  I think he essentially over-reported income, but because he did they think he owes tax.  The amount he owes will be less than the amount his refund was estimated to be, so he actually owes nothing but until the IRS sorts it out we’re kind of in limbo.  Any advice of how to get them to process things quicker?  We sent them in the schedules they were looking for, and will amend it later, but just wanted to give them exactly what they asked for as soon as possible, in order to expedite the process to the extent possible–but I don’t know if it will help.  It’s extremely frustrating to be so powerless.

Topping that off, I emailed my second job/current living situation, to tell them we might be delayed in closing, and when did they need me out by, since I wasn’t sure I was going to make my original target of June 30.  They tell me that they were actually hoping I’d be out before the end of the month. So now I’m closing later and moving out earlier.  This does not bode well for painting inside the house, etc. before we actually move in (if it happens at all at this point).  The good news is it sounds like I’m still getting paid for the month of June, which I wasn’t positive on, and therefore wasn’t banking on.  

So I don’t have a definitive date of when my apartment needs to be vacated, but it is likely that I’ll be storing a good portion of my furniture and belongings in other parts of the house, so they can get started on renovations in the apartment–which is going to be totally nicer after I leave.  My replacement is getting a washer/dryer in the apartment!  So I don’t have much time to pack, which is compounded by the fact that I am only home for two hours a day on weekdays.  I don’t think I’ll be able to take any time off this week, so I’ll be looking at a busy weekend of packing, and likely a day off the week after.

So I’m basically freaking out.

Moving Forward ($94,105)

We’re moving forward slowly but surely with the house stuff.  We’re experiencing some issues with our 2013 taxes–the IRS hasn’t processed both of ours yet, which is making me nervous, but it’s not so late in the tax season that we can contact them about it.  So we wait in frustration.

I’ve been dealing with some house/family issues, but the number one thing that I’m thankful for is that my boyfriend and I are on the same page. We’re on the same page with spending money, and paying down debt which is awesome.  It’s definitely helpful to have someone who sees things from the same perspective as you, and agrees with you that’s it’s not reasonable to get a loan to fix some (purely cosmetic) things–not everyone feels this way.  But, realizing that a large chunk of cash is going to go away in less than three weeks (this Friday will be my last second paycheck, and my last paychecks before closing!), my net worth has increased almost $10,000 since December 2013 and, excluding the mortgage, should hopefully stay above negative six figures.  I won’t be seeing this change by $2000+ a month anymore, now that I’m no longer getting the extra paycheck, and having to pay a mortgage, but we’ll get there slowly but surely.

I need to catch up on my budget/spending recap posts in the next week or so, and I don’t think my weekends are going to be any less busy with the house purchase.  I hope that post-move I’ll get better at posting on a regular basis, and I’m sure I’ll have more expenses to discuss, and all kinds of budget changes to deal with.  I also hope to update my goals–which might have been doable if I had been able to keep up this living situation for another year, but the housing gods had other plans.  Until then…