August monthly update: Month two of DH’s self-employment

Last month (July):
Balance: $76,350.80
Years left: 6.08333
P =$905.93, I = $308.47, Escrow = 613.58

This month (August):
Balance: $75,266.62
Years left: 6
P =$912.18, I = $302.22, Escrow = 613.58

One month’s prepayment savings: $0.68

Ah, what a dinky mortgage pre-payment savings.  What a difference $500 makes.  But we need that $500 for peace of mind and stuff.  *Sigh.*

What up in the land of self-employment?  So far just paperwork.

Week 1:  DH bought a website address.  He worked up an operating agreement.  I discovered that paying for his health insurance is $1,700/year on top of what we were paying before with him on his own insurance and the kids on mine.  We’ll be paying $4,200/year.  Realized he no longer has a long term disability option.  Took us off dental since our dentist doesn’t take it.  DH worked more on his game and his website.  DC2 got sick again (stomach bug).  Then DH and I got sick again.  Then DC1 got sick.  It’s amazing we survived the week.

Week 2:  DH did lots of programming.  Cleaned the bathrooms.  Fixed up more webpage stuff.  Got his LLC paperwork.  Went to another networking happy hour– he really enjoys those.   Sent some emails.  Met with DC1’s school’s finance committee.

Week 3:  Finalized the webpage, got an email address, made business cards.  DC2 got sick again (fever).  Scrambled to see if we could find a sitter so DH and I could both network at the same time in week 4.

Week 4:  We were out of town and DH took care of the kids.  He networked a little, including an informal interview for a job whose description hasn’t been written yet.

I’m curious to what next month is going to hold.

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6 Responses to “August monthly update: Month two of DH’s self-employment”

  1. First Gen American Says:

    No glorious cooking experiments in the update?

    • nicoleandmaggie Says:

      There was a casserole he made for a colleague who recently had a baby, but other than that, not really. Oh, and on Saturday we poured “champagne salad” into a #1 cake pan mold for baby’s birthday, as we think wheat still gives hir hives.

      http://allrecipes.com/recipe/champagne-salad/ (only we use 8oz whipped cream in place of coolwhip– with cool whip my dad calls it “white trash salad”, also our recipe uses 1/4 cup sugar, not 1 cup. The all recipes version seems to have a larger junk to fruit ratio than the version my mom makes.)

  2. NoTrustFund Says:

    Dinky, but progress. And piece of mind is almost priceless in my book.

  3. bogart Says:

    Oof, sorry to hear about the illnesses and the insurance costs. Bummers all around. Here’s to August.

  4. Leigh Says:

    Oooof that’s annoying about the health insurance.

    Maybe you need a chart to show you how your peace of mind feels? Then it doesn’t feel like you’re making no progress on the mortgage since you’re making progress on something else…

    • nicoleandmaggie Says:

      hahaha, except the act of charting peace of mind would probably remove any peace :)

      I am, however, charting cash savings, which is what is directly contributing to said peace of mind.


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