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big birthday and other tidbits

November 7th, 2014 at 11:36 am

Well, I turned the big 5-0 on September 30. Facing 50 was a lot harder than I imagined it would be. Not having children intensified it as the door really is shut and locked at this point. It's been a hard thing to grieve and accept. I've also been spending copious amounts of money this year and feel anxious about that.

My mom visited the week before and we had a lovely time doing fall activities - apple picking, enjoying the incredible colors, eating good food, buying mums and pumpkins, etc. I hosted a knitting group the night of my birthday - a potluck that included a cake and singing. Then a friend threw a small party for me the following weekend. It was beautiful - she had it catered and did an amazing job decorating her place. I wanted to pay for it, but she said no. So, last weekend I treated her to brunch and bowling as a thank you.

My main bathroom will be renovated starting November 18. I'm both excited and terrified. The estimate was just shy of $10K, but that was with low-end everything. I've chosen nicer fixtures and hired a designer to help me pull together my ideas. The final price tag could be $14-15K when all is said and done. And it's a small bathroom! Part of me wants to halt the project, get a cheapo toilet and sink at a big box store, fix a wall in the shower/tub that's been open for years and be done with it. But, the room needs to be redone, so I'm doing it for myself to enjoy now and to start preparing to possibly sell my house in the near future. I have the money set aside, I just really hate letting go of it! I'll be interested to see how I feel when it's finished. Will the pleasure of having a beautiful, functional bathroom outweigh the difficulty of spending the money? It's kind of an experiment that I hope will help me to make some other decisions that I've been putting off. I tend to think of all money transactions as "spending" and never as "investing". Investing in my daily experience of life, investing in the house, and investing in my skill set. The project has been a good learning experience so far and I imagine that will continue until it's done in December.

I was hoping that my retirement accounts would hit $500K by my birthday, but the market dipped around that time. I was pleasantly surprised to see them at 496,563.64 yesterday. So very close! I can't wait until the total reads $500K even if it's only for a day! The sum includes a 403B work retirement account (426,235.32), a traditional IRA (59,299.20) and a Roth IRA (11,029.12). I recently transferred my IRAs to the company that manages my work account after wanting to for many years and it's so much easier to keep track of and manage the accounts. Plus my IRAs are finally invested and will grow faster than if I had left them where they were.

It is rainy and cold today - I will soon enjoy the warm soup that I brought for lunch! So happy it's Friday! Smile

6 Responses to “big birthday and other tidbits”

  1. Petunia 100 Says:

    Happy belated birthday! Smile

  2. snafu Says:

    Happy [belated] birthday. What a fantastic gift to your future to have your bathrm remodelled. I hope you'll take some 'before' and 'after' pics. We did a major kitchen re-model in the house a few years before we sold and while the process was messy and disruptive, it was worth every dollar and every crazy day. I think it's smart to hire a designer and make a plan as it's incredibly expensive to make changes once demolition begins.

  3. MonkeyMama Says:

    Happy Birthday!

  4. PNWMom Says:

    Happy belated birthday! We are in the middle of our master bath remodel...we are hanging in there though, I know the final result will be worth it. Good luck!

  5. Buendia Says:

    Happy birthday! I just had one, too... I'm two years behind you... I think you are in GREAT financial shape for 50!

  6. LivingAlmostLarge Says:

    Happy Birthday and you could adopt if you really wanted a baby? I have a friend who is hoping to adopt at 49 and single mom.

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