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Archive for May, 2013

Trip back the US around the Corner

May 26th, 2013 at 06:16 pm

Well, DW and I are getting ready to head back to DS's wedding. We're going to do quite a few around-the-US trips as well. We got our airplane tickets and car rentals already arranged and paid for. Total out of pocket for two cities and about ten days is just at $700. That includes rental car, hotels, and plane. I used up some of my frequent flyer and frequent stayer credits for this, which made the price less than 30% of the fares and fees otherwise.

Our dogs go to the vet next week for their "preflight" check up. That should be all in order.

I have hired three people at work this week, and still have two more contracts to sort out. We're growing by the proverbial "leaps and bounds." My group has tripled in size since I arrived, and it looks like we're going to double again this year. That will be literally a 6 times increase in just two years. It's hectic, let me tell you.

DD2 has purchased a house. DW and I are going to give her $2K toward new floors. We're also helping DS pay for his wedding. June is going to be a "thin" month for us.

DW and I have worked out a compromise. She is going to get her new car. She's also going to live at our "old" house, at least until the car is paid off. We're going to use "her" money to go toward the car, then use "our" money to cover the remaining payments. Had we had more notice, we would have saved up for her car, but we're moving up her return to the US by six months due to circumstances beyond our control.

We also have to budget for her return trips to Dubai. I'll be staying on in our apartment over here. I've hired a "number two" in my group, and will be leaving him in charge when we return to the US. It isn't fair doing this right before we return, but he knew the score when we made the job offer. I'm really happy to have hired both him and our new operations supervisor. They wanted large salaries, but they're both worth it, in my opinion. Only time will prove out my beliefs.

Things are looking to be pretty good for June. I should know my bonus amount this week. I hope it is large enough to offset some of our upcoming expenses. It should be, but one never knows until the figures are written down and certified.

Financial Decisions

May 12th, 2013 at 10:54 pm

DW is planning to split her time between the US and Dubai. The summers here are oppressively hot, and she just doesn't want to suffer through another one. I, on the other hand, actually like the hot weather, and as I'm the one working, there's no real way I can go back to the US and work here part time.

Because of this, we'll need both a car and a house in the US. For some reason, DW doesn't want to live in the house we already own, and have nearly paid off. She wants a larger place for only her and our dogs. Her car is being used by DD2 and SIL, and DW doesn't want to ask for it back. I'm not even going to discuss my opinion of that. I gave my car to BIL (DW's brother) when we left to come here to Dubai, because there was no way I could sell it for what it was worth, and BIL needed it more than we did. No regrets on that front.

So, it looks like we'll need to buy both a house and a car upon our return for DS's wedding. I have DW convinced to buy the house first, at least, but because of that, we won't have the cash to buy her new car outright. I hope she will come around and let me get her a gently used car for $20K or so until we can save up enough for the car she wants (list price around $55K). If not, we'll end up with car payments and we'll have to beat those down while simultaneously attacking the last of house(1) mortgage and new house mortgage. At least we have no other debts to worry about. House(1) is nearly paid off. If it weren't for the need for the down payment for new house, we could pay it off completely.

So, DW is putting a crimp into our retirement plans. The only point we're in full agreement on is that we aren't touching any of the retirement accounts for this, and we'll still fully fund both Roths. She wants a place with a large fenced yard and a pool. We also want the place to be energy efficient, well-made... all the "normal" house desires. She also wants "close in to town," and "new construction." We're talking five times my annual salary to get everything she wants, and that's just not going to happen. She also doesn't want to work, which I don't mind. But she's going to have to "give" on at least a couple points or it's just not going to happen.

I should find out my bonus amount this month. That's going to decide a lot of what we're going to be able to do right away, and what we're going to have to put off until later. I'm hoping for a very large bonus.