April Stats

Wow, this month has gone by without many posts from me.  I’ve been biking a lot – about 155 miles since I got my bike a month ago – plus I’ve started running.  I seem to be pushing myself a bit too hard, so I may have to cut back for a little bit until I get stronger, but the goal is still to try to do a 70.3 one of these days.

The reno is going very, very slowly – drywall took two weeks (and isn’t actually done), and we’re leaving for a Disneyland trip on Sunday, so that will hold us up another five days.  The kitchen floors are delayed yet again, but the upper kitchen cabinets are supposed to go in tomorrow, which would be nice.

Anyway, here are the stats for this month:

INTEREST RATE REMAINING BASE PAYMENT EXTRA PAYMENTS
Student Loans 3.73% $23,589.09 $0.00 $50.00
Mortgage 3.50% $311,976.20 $2,259.03 $0.00
Total $335,565.29 $2,259.03 $50.00

The automated payments for my student loans start tomorrow, so this month’s payment will appear in next month’s stats.  I expected the interest rate to come down more than that, but I will follow up after the first payment goes through.

We finally got all the information we needed and paid our taxes – about $15k worth! – and I got my yearly raise, so we’re starting to save money again.  We need to replenish our savings account (which has $133 in it right now), so we’re splitting extra money between debt payments and savings, but expect to start seeing more extra payments!  Woohoo!

The reno dragging is really killing my energy, but these monthly posts keep me coming back at least once a month, for which I am grateful.  Hopefully the posting frequency will start picking back up one of these days.  Stay tuned!

04/27/16:  I contacted AES, the company that services my student loans, and the rate would have gone up to 3.98% on the first if it weren’t for the reduction, so the interest rate is correct.  More motivation to pay the loans off quickly – especially since interest rates seem to be on their way up!

National Bike Challenge

We finally got bikes on Thursday!  Check mine out:

new_bike
Before adding lights and other accessories.

The seat on this bike is actually tall enough for me, so I’m having to get used to stopping and starting differently.  The seat is also super hard, which is supposed to be good for you – we’ll see in a couple weeks if my butt bones stop hurting.  The tires are 700c, which is new and different as well.  I’ve put about 20 miles on it so far, and I’m really enjoying the speed and ease with which it rides!  We were on the Washington, Baltimore, and Annapolis Trail today to go to the library – this was my first time on a trail, and it is so much better than sharing a road with cars.  The featured image on this post is from the trail.

Now that we have bikes, we can start prepping for the National Bike Challenge, which starts in just under a month.  From the FAQ:

The National Bike Challenge is a nationwide event uniting thousands of current bicyclists—and encouraging countless new riders. It is a free and easy way to challenge yourself, your colleagues and your community to ride more while competing on a local, state and national level. We aim to unite 100,000 riders to pedal 75 million miles from May 1, 2016 until September 30, 2016.

Whether you bike a lot or a little, the Challenge is a fun way to do some summer riding with friends and community.  You can bike virtually with the thirty to freedom community by joining the Riding To Freedom league under Manage Groups.  I hope to see you all on the roads and trails this summer!  If you don’t have a bike yet – well, what are you waiting for?  Go get one!

(As a quick note, it’s important to know that the National Bike Challenge website is really bad.  I am assuming/hoping that it will be better by the time the Challenge starts, but go in expecting little.  Still fun, though!)