Heavy Billing Month - October

I didn't write my book tonight but had thought about recording this excitement for several days. Let me do it before going back to sleep.

October may be the heaviest month for me to paying several large bills and my goal has been always tapping the savings as minimal as I can. 

My original plan was draw the payment for my son's tuition from savings entirely, which I did the end of September. Now, I expect to recover $2,000 in this month and November. In this summer, we didn't spend too much money on vacation, which did help me pay the significant bills in this month. In addition, I have been meticulously planning the spending, which almost ensures me to control family's daily cost to each cent. My parents don't spend much money, their largest cost probably is medical including Doctor's visits, Tests and Medications, but they are well covered by Medicare A, B, D and Washington State Apple Plan. I control my cost very carefully. However, I allow my son to spend whatever he wants, which was my parents doing to me when I was young. Excepts eating a lot, my son actually doesn't spend much money either. 

The unexpected spending this year was $11,000 on this used Mazda-5 because I wouldn't be able to keep my 16 years old van for another two years. Though I have lost money on Twitter and Gopro in this year, I had taken opportunities to cut loss whenever they rebounded. In addition, I did make a little on Zillow. So far, I have cashed out $6,500 from my trading account. My plan is cover 11K cost on the car by drawing more toward the end of the year. Loss on trading account has one benefit, I will get tax refund for 2016 to pay my 1st half property taxes in April, 2017, then I won't need to plan too much to cover them. 

Following my detail plan combined with savings for my son's educational expenses, everything should be covered through May, 2018 if there isn't any surprise when he graduates his bachelor degree from University of Washington. This plan will also cover a cross country vacation and a Jeep Compass for my son next summer. 

The bigger spending will come after if my son goes to law school: 

• At the least expense of $160,000 to cover everything if he goes to UW Law School;
• At the most expense of $280,000 to cover everything if he goes to Yale Law School.

However, if this happens, I will sell my rental townhouse in 2019 to cover everything for him. If he can get scholarship, it will somewhat help. He wants to go to other State for his graduate studies, which inevitably will increase the cost.

I feel very comfortable for my life if everything goes as planned. The worst case scenario will be that I can start doing whatever I want in January, 2022 when my son gets a lawyer's position in public sector with a salary of $60,000. He may make $160,000 if becoming an attorney in private sector. 

I am so motivated to spend my time everyday no matter if it is at work doing everything or at home doing nothing, because I have a solid plan for my life, which is very achievable. 

By the way, I may have a lot of pleasant surprises because my plan is the most conservative. Yes, I am very lazy.