Net Worth – January 2011

by Forest on January 6, 2011

New year, same old stats.  Here are the stats as of January 1, 2011.

SAVINGS:  $39,157 (-$3,553 or 8.3%)

Christmas spending.  Tuition bills.  Moved some from savings to investments.  Etc.  Really not as bad as it looks.

INVESTMENTS:  $27,819 (+$7,535 or 37.1%)

In accordance with my new investment plan I sold some stocks and bought some new ones.  I also moved some money from my Roth IRA to a different investment account.  This doesn’t really reflect market gains as much as new contributions, though the market did help a little.

RETIREMENT:  $66,109 (+$4,821 or 7.9%)

The markets were very kind to our 401ks.

STUDENT LOANS:  -$25,179

Slow and steady as always on this one.

After taking a small hit after November 2010, this month’s net worth popped back up 9% and took us back over $100k to $107,906!

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Net Worth – December 2010

by Forest on January 6, 2011

Here are the stats as of December 1, 2010.

SAVINGS:  $42,710 (+$3,186 or 8.1%)

I moved a lot of money around this month.  I’m not exactly sure where this all came from, but I know I took a chunk out of my Roth IRA and moved it to savings to set up an investment plan for 2010.

INVESTMENTS:  $20,284 (+$1,030 or 5.3%)

The market helped us out here.  I don’t think we made any new contributions.

RETIREMENT:  $61,288 (-$7,641 or -11%)

I took a big withdrawal from my Roth IRA (you can do that without penalty as long as it is contributions you are withdrawing and not gains) in order to set up a new investment plan in 2011.

STUDENT LOANS:  -$25,337

Slow and steady as always on this one.

Unfortunately, our net worth decreased 3.3% taking us back below $100k to $98,945.

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Cut the Cable

by Forest on November 18, 2010

So back in August I was reconsidering cable because our promo rate expired.  The new rate was going to be $140 a month.  On our vacation, Bird and I got to talking about our priorities and pretty much decided that we really want to start saving more and more  money in the downpayment fund and hopefully start house shopping next summer.

Whenever we start talking about saving more money, we know it has to come from some other area of the budget (though making more money is also an option and one we’re tinkering with).

One of our bigger budget categories is cable now that it was at $140 a month and we didn’t think it was worth that much to us.  After thinking long some more about, we decided that since most of the stuff we watch on tv can also be viewed on the internet (with the exception of sports which I can see at a friend’s or at a restaurant if I really want to) that we should go ahead and make the cut.  We will also be relying more on netflix for entertainment purposes.

I called to cancel the cable and they actually offered to put me back at the promo rate, but at this point, I wasn’t even happy with that since it would still be $110 a month and we were really looking to save as much as we could!  Now, after cutting the cable and keeping the internet, we will be paying $55 a month.  A savings of close to $100 a month!

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Redeeming Credit Card Rewards

by Forest on November 17, 2010

I’m a big fan of using our credit cards for every single possible purchase in order to earn rewards.  As long as we are paying the cards off every month, I am not worried about it.  We primarily use a CapitalOne No Hassle Miles card that rewards 2 miles for every dollar spent and I’ve been pretty pleased with for the year or two I’ve had it.

We tried to use our credit card in Greece as much as we could.  Unfortunately, we found out that it wasn’t as widely accepted as we thought it might be (turned down at a few restaurants, the gas station, travel agency).  We also weren’t able to use it for the largest expense which was our flight.  Since Bird’s dad got our passes through his work we had to write him a check.  We missed out on almost 2,000 rewards miles right there.

We did use it often enough on our trip that the miles really started adding up.

So now that everything from our trip and thensome has shown up on our credit card statement, I decided to redeem our miles for credit off our bill.  And I was able to redeem $201.16 of travel credits!  That’s a pretty sweet deal!

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Trying to Get Home

by Forest on November 17, 2010

The final leg of our trip.

Monday, October 11
We checked out of the hotel and caught a train to the airport.  I don’t remember what we paid for train tickets, it was something like 10 euros apiece.

No major problems with the train, although we did almost miss a transfer, only realizing we needed to transfer when they turned the lights out.  Then we looked around and realized we were the only people on the train.  Haha.

We caught the transfer and everything went smooth at the airport.  Our flight to NYC was great and we both got first-class seats next to each other.  This was a nice bonus at the end of the trip and it was something we never expected when flying standby.

Eventually we touched down at JFK and it took forever to get through baggage claim and customs.  At 7:30 pm, our connecting flight to Minneapolis started boarding.

One problem:  There was only one standby seat available.  So close to home!  So sad!  We say our goodbyes and Bird flies home to Minneapolis.  I buy some Burger King, a People magazine and The Girl With the Dragon Tattoo.  I find a quiet corner of the airport and settle in to spend the night and wait for the first flight to MSP in the morning.

We had both had taken Tuesday off of work, just in case we didn’ t get out of Athens on Monday.  I didn’t really expect getting out of NY to be the problem.

The rest of the story is boring.  I spent the night reading and sleeping (not really) and caught the first flight home at 8 a.m. with no problems!
It was nice to be home.

Overall Impressions

We loved our vacation!
As I said before, it turned out to be slightly more expensive than I thought it would be, but we still had enough money in the travel fund to cover it.

We learned a few lessons because we made some dumb financial errors and we are still debating whether flying standby was worth the savings.  It’s really a difficult debate because the savings were huge, but it’s hard to put a financial estimate on the stress of flying standby.

Was the hassle worth saving almost a grand?  Yeah, I think so.  Bird’s perspective might be slightly different.

I wonder how much we could have saved by doing more planning (making hotel reservations, securing tickets online, basically having a more detailed itinerary).

There will be a place for vacations like that in the future.  For now, we’re very happy with the way it went and I hope that someday we will make it back to the Greek islands, but man, there are a lot of places in this world we’d like to visit! :)

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Athens

by Forest on November 13, 2010

Click here to read about the previous parts of our Greek vacation.

Saturday, October 9
When we arrived in Piraeus (port outside of Athens), we took the train into the city (1 euro each – much cheaper than a cab and totally easy).  We had received a hotel recommendation from a friend and having vetted it on TripAdvisor we decided to go with the Central Hotel.

When we got off the train at Monastiraki Square, we got a little turned around (lost) and it was one of those things where by the time we found the hotel, I was really hot and sweaty and ready to pay just about any price – which is essentially what we did.  The hotel had a room for 145 euros a night.  Definitely out of my preferred price range but having just wandered the hot city streets carrying my luggage for an hour or so and since this place was recommended and had an amazing location (once we found it – we realized it really was central to everything) we signed up for two nights.

It hurt to pay that much but we had saved a lot on the plane tickets and we had been way under budget in Paros, so whatever, I just bit the bullet and handed over my card.

This is what you get for 145 euros in Athens

After freshening up, we set off to explore.  The Acropolis is the most dominant feature of the Athens skyline and you can see it from everywhere, so we constantly used it as a landmark when trying to locate where we were in relation to things on the map.

In the evening, we wandered around the the slopes of the Acropolis and then strolled through the National Gardens before grabbing dinner (20 euros) in the Plaka.  It had been a good orientation day and we had figured out where everything was and what we wanted to do the next day.

Sunday, October 10
On Sunday morning, we walked to Mount Lycabettus, the highest hill in Athens.  We grabbed some coffee for Bird on the way there (2.5 euros) and after climbing halfway up, we took a cable car to the very top.  The cable car was listed in our guidebook as 4 euros each for roundtrip tickets, but our guidebook was from 2006 and the price has gone up to 7.50 each.  Kind of a ripoff.  If I had been in better shape and hadn’t worn myself out on the first half of the hill, we easily could have hiked up the rest of the way.  But the tram was convenient and that’s often what we pay a premium for.

The views from the top of the hill were amazing.  And not only of the Acropolis.  This is the best place to get a view of the sprawl that is Athens.

I’ve never seen anything like it.  The city just goes and goes and goes on forever in every direction.

Afterward, we walked down the hill (not even worth it to use our roundtrip ticket because we didn’t want to wait for the cable car and obviously downhill is easier than uphill).  Having walked down the path, we regretted the purchase because the tram didn’t actually save us that much in time or energy.  The path wasn’t as long or as steep as we thought it would be, so another travel lesson learned for 15 euros.

We walked so much on this day.  From the hill we headed to the Olympic Stadium for a quick photo-op.  From there we wandered back through the National Gardens and over to the Temple of the Olympian Zeus.  We paid 2 euros a piece for access to these ruins and it wasn’t really worth it.  You get a little pamphlet that explains everything you’re looking at, but you can see almost everything through the fence that runs around the area.  I guess you pay for the information explaining it all and for the chance to get a little closer for a good photo-op.

After a cheap lunch we headed to the Acropolis.  The guidebook said that access to the Acropolis was going to be about 15 euros each (one of the more expensive attractions on our trip) but upon arrival at the gate we were pleasantly surprised to find out that it was some sort of cultural heritage weekend or something and the entrance fee was waived all weekend.  Free?  Woohoo!

Reading up about the restoration of the Parthenon

Of course, this meant that it was pretty packed, but still nothing like it would be in the summer at the height of tourist season.  We found it totally manageable.  Not only manageable.  It was pretty awesome.  Exploring the Temple of Athena Nike and the Parthenon was pretty cool and the views of the city were great.  We spent time just lingering, reading the signs and watching the people.  Every once in a while an official would blow a whistle and point at someone which meant they were walking in an area they weren’t supposed to be.  So we spent a while watching tourists get whistled at and hoped that it wouldn’t be us next!

The whistleblowers

We grabbed a gyro lunch (of course) for 5 euros (including a Coke – this was our best food deal of the whole trip and these gyros were awesome).  Next stop: New Acropolis Museum.  Admission fee was 5 euros each.  It was a really cool museum, but I’m wavering on recommending it.  At some point on a Greek vacation, it gets a little old looking at a bunch of ancient rocks/statues.

Glass floors inside and outside the museum
showcase excavations of ancient stuff
discovered during construction of the museum

To compromise, I will recommend that you go to the Museum because it is really cool, but don’t spend too much time there because I think it does get a little redundant.  But that’s just my opinion…maybe you’ll love it!

From there we headed to the flea market at Monastiraki.  We strolled by the booths and looked at all the junk the vendors were selling.  I was really hoping to find some treasure as a souvenir of our trip, but nothing really caught my eye.

We visited the Ancient Agora and then climbed up Mars Hill to stand where Paul stood as he preached to the Athenians way back when.  History’s pretty cool when you get to thinking about it.

As the afternoon gave way to evening, we grabbed one last dinner in Greece (20 euros), bought some postcards and magnets (3 euros) and retired to the hotel to pack for our flight home in the morning.

The Acropolis at night from our hotel rooftop

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Paros

by Forest on November 10, 2010

Click here to read about the other parts of our Greek vacation.

Friday, October
After a short one hour ferry ride from Naxos we arrived in Paros on Friday morning.  On the ferry, we had used the guidebook to pick a place to stay called Pension Rena.  It was only a short 10 minute walk from the port and they had a room available for 30 euros.  Sure, it was pretty sparse and we had separate twin beds, but it was only for one night and the price was right.  This place ended up being our cheapest accommodations on the trip.  If you’re looking for a cheap stay in a convenient location, I’d recommend this place.

After settling in and storing our stuff, we grabbed gyros for lunch and wandered the city streets.  We visited a famous church and then stopped in at an archaeological museum.  We strolled the streets and visited the shops.

The weather wasn’t quite beach-worthy, but we stopped at the beach in the evening and watched the gorgeous sunset.  We had dinner at Hibiscus (supposedly the oldest restaurant on Paros (dinner for 2 = 20 euros)), strolled some more, bought ferry tickets to Athens (60 euros for 2 tickets) and then headed back to the room for some reading.  Sidenote:  We both read Corelli’s Mandolin on our trip because it’s set in the Greek islands.  I liked it more than Bird did.

Sunday, October 9
We had some time to kill in the morning before our ferry to Athens, so we had breakfast at a little cafe (15 euros).  Eventually, we headed to the port and set sail for Athens.  This was our longest ferry of the trip and it took over 4 hours.  We read up on Athens in the guidebook and then settled into our other books and the time went by fast enough.

Thoughts on Paros
Paros came highly recommended from family and friends.  It’s a major ferry hub and tourist destination.  However, we were slightly disappointed.  We found that because we were there in the low season, there wasn’t much to do which was not the case on Santorini and was less-so the case on Naxos.  If the weather would have been better, we would have been happy to be at the beach, but it wasn’t, so once we did the stroll around town, there wasn’t much to see or do.  We hit the church and museum that were listed in the guidebook but that only took a few hours of our afternoon.  Of course, we were only there for a day so we can’t judge it too harshly, but we were ready to leave after that one day.  In hindsight, I think we were just excited to move on to Athens and its promise of big city excitement and adventure.

Financially, Paros was great because like I said, we didn’t do much.  Even with all the shopping we did, I don’t recall really buying anything.  In all we ended up spending 140 euros in Paros.

Next up….Athens

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