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Financial Peace University

May 17th, 2017 at 05:39 pm

Well I have signed my fiancé and I up for Dave Ramsey's Financial Peace course at the church. I'd like to get our finances under control before entering into a marriage.

He has actually made some adult moves as well. He's registered the business with the state, we are setting up a business account and will start payroll deductions for him. It's a huge step for my fiancé, his mother has always influenced his decisions that is not always in his best interest.

Things are trucking along nicely.

Though I have a nice chunk of change, that my dad left me. I want to build my own wealth and use that money for an emergency, a true emergency 🚨

So with that being said. I took your advice. I'm following Dave Ramsey and will save a $1000, after that I'll tackle CC2 vs wiping out everything.

That's pretty much it in a nutshell.

CC 1 Paid Off

April 26th, 2017 at 04:14 am

Though I haven't been blogging, I've still been saving and working towards paying down my debt.

I've paid off my first CC today, remaining balance was $710, it felt great to knock this little bug, as Dave Ramsey calls them, off my list.

My dad always use to say, the best time for a man to pay his bills is when he has the the money. One thing I've learned is that is true.

Now I'm moving on to CC2, balance is $975. I'm going to transfer tthe weekly $20 payment that I was paying on CC 1 to CC2, goal is to pay this card off by October, and then move on to CC 3.

CC1

January 23rd, 2012 at 11:59 am

Looks like I will have CC1 paid off before February Smile BF provided me the $200 for the rental from our trip, so I deposited the money and made a payment to CC1. New total $252. Today I received my second Aflac check for $75, I'll mail it off to the credit union and pay $75 on the cc.

Moving along, looks like I'll be getting about a $1300 tax refund which sucks because that means I brought home less money for the year but the bright side is, it will replace the $950 its going to cost me to move.

Back on track

November 22nd, 2011 at 09:12 pm

It has been since forever since I have blogged, but I must say since this week and I have blogged consistently I have also saved consistently. Since November 14th I have socked away $137.34 and the week is not even over yet.

Yes I lost $20, gave my BF close to $50 but either way you cut it I saved more than I have in a week in a very long time.

I also created my price list. I created a spread sheet with the list of stores I frequent, which include the most common items I buy and the cost of each item at each store. Yes this will be time consuming but once completed, well worth it.

In addition, I will be clipping coupons and socking away what I save on coupons. Now I don't want to be a coupon fanatic but I do want to be able to get a good deal on items I need.

I have done it in the past (paid down debt while saving) so I know that it can be done.

Wow

August 8th, 2010 at 12:34 pm

After being on a hiatus, I decided to balance my accounts to get a real picture of what I owe, and I can tell you I am very disappointed. I went from debt to debt free, back to debt Frown I can just cry,I am over $13,000 in credit card debt, plus my car. But I am optimistic that I will be debt free once again.

On a good note I found 4 cents today, added $10 to my challenge home account Wink And will be cashing in my change bank tomorrow

I'm ready and with that said, lets do it!

I am back

August 1st, 2010 at 12:46 pm

It has been a long year and a half, but I am hoping that you guys will welcome me back and that I can get these finances back on track.
Over the last year and a half, I paid off all my debt only to run my CCs back up again. I finished college and was unable to land a job for a while but I found a job (not in my field of study) with less pay but was recently promoted making 2k more than previous hired. Thank God, I am truely thankful.
Now I am returning to school, my new employer reimburses upto $1200 a year so I have decided to get a nursing degree vs. my masters which is three times expensive. With an RN I will be able to land a job must faster and work my way into a health administrator position soon after.
For the first semester the only thing I am responsbile for are my books and other misc. supplies, tuition will be paid in full after grades are turned in and I always do well in my classes so thats not a problem Smile
I have finally found a great guy, we have been together for a little over a year and he is amazing. I am really happy Big Grin
In addition, I have been addicted to FaceBook and lost my way but I am back and am ready to get back on track.
So if you will have me again, I would love to get back to the good 'ol days, making progress with a group of amazing people

Payday and how the money is spent

August 19th, 2008 at 01:41 pm

Yesterday was pay day so I paid the following:
$1512 on cc (this money came out of my challenge Frown much of it dental work)
$192.04 Electric
$20 Tithes
$100 on cc
$51.03 Water
$53.53 Directv
$25 IRA
$170 EF ($40 of this was from not paying a phone bill for the land line I no longer have)
$10 X-mas fund
$20 personal spending account
$40 Challenge
$20 Tuition fund
$20 Car fund
Not bad, I actually saved $260 out of my check and still have about $400 left after pain bills but it goes quickly. Oh I forgot I added the extra $10 saved on the satellite bill for referring my dad so I actually added $180 to EF saving a total of $270
Anyhow Tropical storm Fay just left Big Grin I am so glad that there was not much damage in our area. My sister lost power for a short while but it came back on. The winds were really picking up and it could have been worst but thank goodness it wasnt.

Furious

March 9th, 2008 at 09:36 pm

Warning this is a long post:
Wow seems like my year is not getting any better. First I did not get a raise this year, next I get the flu, some kind of way I fell back into old habits and upped my CC bill, mom has an infection with her toe, and my older brother who has been on his job 24+ years was just fired because he wont stop smoking pot and did not pass a random drug test. I have not added to my challenge like I am suppose and am $2k behind on my goal. In addition y cable bill is now up due to increase rates $71

And today I get an email from the idiot I have as a boss on my second job stating that I dropped the ball. Basically a resident was discharged from one hospital and moved to another on Friday, I work on Saturday. Some one called and told security he did nothing with the information or from what I gather now informed no one. I then get a call from her neighbor who is concerned and followed up as much as I could, once told by the security guard and former supervisor that he knew I assumed that my boss knew as well and went home

Here is a copy of the email I sent her as my response and of course she has yet to respond and I refuse to take the blame for this, the only thing I would have done differently was note in the log that I was informed by another employee that he too knew about the patient being discharged:

Let me clarify, I was informed by a resident that she was unable to reach Ms. X and that she called the hospital and was informed that she had been discharged. I did follow up, I thought by contacting the CC (skilled facility) in which I was told that she was not there, I later contacted the hospital and was on hold I'll say about 20 minutes (because of some emergency) I was then told that she was discharged. In addition, I called the resident's home and no answer. I also sent R (security) to check her apartment, after he checked her apartment I was told she was not there. So I re-read the notes in case I missed something....and nothing noted, had N (security guard/former supervisor) noted/followed up on Friday I think the problem would have been cleared up then. Anyhow, since nothing was noted I called Ms. X back trying to get as much information from her as possible, such as when she last spoke with her, and what the conversation was about. In the meantime N was in last night and mention to me that he knew Ms. L had been discharged from the hospital/not that she simply went out...so if he knew then I assumed that at the most J (supervisor) knew and what more follow up is needed if a former supervisor who knows company protocol is aware of situation as well has his/her manager is aware, what else is needed? What additional follow-up is needed?
I do not attend to come across angry but it does angry me that once again I am left holding the blame when clearly the situation was neglected prior to my shift an entire 24-hour later.
Have you spoken to N as to why nothing was noted? And if J was even aware? or anyone one else for that matter
If you have any questions please call xxxxx if I do not answer leave a message I am going to the library or email me I check my email on a regular basis

Now I am ticked off because not only did she accuse me of not doing my job but she did my annual review in which I only worked with her a total of 6 hours that right 6 hours for the year and was told that my appears was not u to par, mind you I wear a uniform that is always cleaned and iron. For the measly few dollars that one makes this little job is so stressful the entire place is ran like a circus. People are promoted based on who they know and not what they know

Up and Up we go

December 6th, 2007 at 05:56 pm

My challenge is really taking off. I just added another $30 so now my total is $6727.23. I know that I have a balance on the CC but I am waiting for my second bonus check from my part-time job to pay it off and since I am only allowed two online payments in one billing cycle I deposited my other bonus check. But I will also add back to it in January to pay for my classes, at least this will be interest free

On a different note I got a speeding ticket about 13 miles over the speed limit Frown I just do not feel like going to the drivig school but I know in the long run it will work out in my best interest . Then he gave me a ticket because my tints was too dark so if I remove them I will not have to pay it

Oh well that is hwit goes

Another day eating in

June 5th, 2007 at 10:05 am

well I had breakfast at home as well as lunch and dinner is alreay in the making
So in order to get my cc down by the end of the month I am adding all my no spend day funds to the cc.

New balance $1274.37
I can't wait until payday when I can knock this in half

paid balance due

March 13th, 2007 at 07:52 pm

Went ahead and paid the cc balance from the charges over the weekend I was thinking about waiting until Monday which was payday but I could not stand seeing a balance so I took the money out of my EF. Now I went from $1841 to $1121. I went to the dentist so that was $330 kept $50 in my checking account and now I am thinking I wasted sooo much money. About a $100 was for meds, I won't beat myself about it but come payday atleast $500 will be deposited to my EF account I just won't be able to add to my house, car and tuition fund Frown
I am due to see the dentist on the 27th but I am chaning that to the 15th because I plan on socking away my last check for the month, I have got to get my totals/balances back up ASAP

Shopping Spree

March 11th, 2007 at 06:21 pm

Ok I had Saturday off, and I went on a shopping spree Frown I have not done this in over a year and it felt good but when I started adding up everything I was down. Some of things I can return some can't. Here we go, yesterday was a beautiful Saturday, the first I had off in months. Anyhow, I started my day like this, first breakfast, then I cleaned up and next I hit the stores. Went to TJ Max bought two pairs not one but two pairs of shorts for $14.99 one will go back on Tuesday. Then I went to Wal-Mart, picked up my contacts ($35) and some personal goodies...can't return any of this (total $66)now I am heading over to Macy's I need/want some perfume $65 along with a dress for $13 this will be returned, next I head over to Target, picked up two shirts ($8.99 each) one will go back a belt and a shirt, can't return either one because I wore them to the babyshower. Oh yeah I bought a gift for my cousin's birthday that was $10. Now I am heading to Ross big mistake I looked at a watch $75 thank goodness I held strong but I ended up buying some socks (will return those)next I put $10 worth of gas in mom's car, then I went out for drinks $10 cover charge plus $20 for drinks..crazy. Everything was placed on my CC Monday is payday and will pay off ASAP I worked to hard to be debt free only to go back into debt. I will be returning as much as I can on Tuesday wich is a half day so I should get at least $60 credit. But it felt good to be off and just out and about

You have got to be kidding me

November 6th, 2006 at 04:49 pm

Ok I thought today was ending on a good note but since I have been home and decided to go through my mail and emails it has been terrible. First the $25.00 for the interst now I check my credit score (I pay for this service every month) and my 710 score just dropped, why because I closed the account that was charging
33%+ for interest. Now this collection agency send me a copy of any old bill because I ask them to verify the debt or remove it from my report. Well they sent me an old statement from the origianl creditor which will not cut it. They are to supply me with proof that they are licensed to operate in this state, sign documentation that I agreed to the terms of this debt and way too many other things for me type but I am back on it requesting a second request and if they do not respond with the correct information I am reporting them the BBB and FTC. Oh I forgot to mention it took me an half an hour to locate my internet card, which I paid $179 and do not have any insurance on it...gues what I will be purchasing tomorrow. I guess I will wait to post my new scores I am simply disgusted...seems like all my hard work is dowm the rain

Time to stop the madness

October 12th, 2006 at 07:04 pm

Well my week of uncontrollable spending has come to an end...I was just not in the mood to cook anything for breakfast, lunch or dinner so all week I ate out. Well now it is time to get focus and back on track. I was just so stressed out with my class and therefore just did not time to do anythig but study, my room is a mess as well but I am will get that straighten out over the weekend

Uncontrollable splurging

October 10th, 2006 at 04:45 pm

I have been so lazy for two days in a row I have eaten out for lunch and then tomorrow again...I promised a friend I would meet him for lunch. The today bought me a Vera Bradley bag that I have wanted for a while so I decided to treat myself ($85) but I guess we can splurge once in a while

I almost forgot

September 28th, 2006 at 08:12 pm

Well I did forget, the college allos you to pay 50% the first part of the semester for tuiion and 50% midway through. Well I forgot I owed $370.30 and had to add that to the CC thank God payday is next week. But I did pay $2.60 on the high interest CC. Seems like when you make a step forward you always go back two Frown
Previous total $2387.16
New Total:$2754.85

Slacking or backsliding

September 7th, 2006 at 02:58 pm

I can say I have atually done some back sliding, I went shopping , bought clothes a notebook and have been eating out for lunch and dinner (this is a big no no). Well it is time to get back on track ASAP, what was I thinking...I guess I wasn't . So I just paid an extra $16.03 on my cc I guess it is not extra since I have added to the balance Frown

Spening thus far:
Gas $19.03
Clothing $33.98
Dining out $27.11 ;(
Gifts $19.43
Education $772.77
Groceries $30.71
Cleaning Supplies $8.84
Misc $193.69
Personal $5.92

And it is only the 7th no way Jose will I continue with this foolishness (spending)

The Cost of education

August 15th, 2006 at 05:25 pm

Well I spent $321.95 on my books for school this semester, 3 were used and the other was new Frown But I guess education is so expensive since it is something that can not be taken away. I am a little upset because I had not saved like I was suppose to for school and had to add this amount to my cc (not the high interest one)My goal is to pay off ASAP and incur no interest so I have almost two months to come up with $321.95 and I know I can do it

Previous Balance: $1947.88
New CC total:$2269.83

Huge spend day

June 12th, 2006 at 02:59 pm

Just wasted $31.74 on a pair of shoes at Victoria Secrets Frown so I had to add $32.00 to the challenge brining my new total to $77.59 And my boss who doesn't like to do the time sheets on time may not be here to do them on Wednesday and if he is he may not, which means we won't get paid until Monday or Tuesday of next week depending on when he does them Frown This is a huge check...104 hours and I get paid Friday as well from my part -time job but if I deposit my check it won't clear for two days. I really wanted to pay off another CC this week but looks like all my plans are not going the way I planned them, atleast the student loan was paid off today

New Balances

June 8th, 2006 at 06:31 am

Because I keep the money for the challenge in an ING account I have to transfer once the funds become available, this is the only thing I hate about ING. Anyway my challenge is down to $37.46, I am not too upset becasue the money was used to pay off a cc, so that is a good thing. MY EF is down as well, I used some funds from here to pay off another CC. So here are my ending balances thus far:
Checking 1:$107.60
Checking2: $7.00
EF:$612.61
Challnege:$37.46
Education:$67.30
CC1:$2068.90
CC2:$944.45...willpay off next week
CC3:$406.90
CC4:$216.96...I think this is off

: ( A littlle upset

June 7th, 2006 at 05:59 am

Just transferred another $100.00 from my challenge money in order to cover the payment to the CC made yesterday. Now my new balance is $137.46 and I will have to transfer another $100.00 once it is avaible (ING account). Atleast the cc is paid off

Hope I am doing the right thing

June 5th, 2006 at 08:51 pm

Sorry so long but I am simply nervous:

I hope I am doing the right thing, as you all know my car is drivable but pretty soon it won't be. I will have to finance a car but my credit is sooo bad just reviewed my scores

Transuion: 610(dropped by 5 points due to inquiry)
Equifax: 595
Experian: 543

So since I was putting money away for a new car (I just opened this account) and only had $72.98 I decided to transfer to the challenge giving me a total of $823.46
Now I owe HSBC $797.61 and will pay this out of the challenge money leaving me with $26.30. My goal is to try and pay off as much as possible so that my score will boost and I will not need a co-signer for a vehicle, But I will have $812.61 in my EF (My brother still owes me $265.00) and I will get paid next week from the part-time job in which I plan on adding to the challenge about $230.00

Now I am left with the following
CC1: $2048.15 L
CC2: $944.45
CC3: $125.84

And this is what I owe on my moms accounts
CC1: $406.90
CC2: $216.96 ( I maybe a $100.00 off on this, actually more)

But this is my plan and please pray that my car hold out at least 4 more months
My score is low due to two charge offs and high balances and not slow pay
Oh boy you live an d learn

Thanks,Carol

June 2nd, 2006 at 06:06 pm

In regards to my last post. You sent me a website to check the names of CA, well I had the incorrect name of the company and decided to double the site again and guess what, the company is on the list. So I will try and contact the company in which I owe the funds to in order to clear this debt

My dilemma

June 1st, 2006 at 10:55 am

As you all know I just found out my car has way too many leaks to fix therefore with in the next few months I should be looking for a new car. I decided the money that I was saving for a house and then change my mind, I was going to use the money to pay off debt...now I think I should use it towards a new car, well I have no choice. Any way
my credit score is terrible (615) I have two charge offs and no slow pays. I got an offer in the mail to pay off one of the charge off in order to settle the account, the original balance was $750.11 and the company is willing to accept $562.58 to settle (I did try to get this reduce, but was told no). My dilemma is should I pay off the debt and boost my credit score for a better interest rate when I decided to purchase a new car, but I'll be a short fund. However, in about a month with my part-time job I will be able to add the $500.00 back, or keep the money in case I need a down payment. I was thinking about going through my credit union, which I am sure will give me a better deal than the dealer. Right now I do not know how long my car will last but was told to just check the oils and drive it until it can't be driven any more. My sisters says pay off the debt boost my score and save even more for a down payment on a new car, especially since Ill get two checks from my part-time job which will be equivalent to the $500.00I just dont know
lesson learn never live like the Jones otherwards never bite off more than yiu can chew. Don't cahrege things you do not need

Car trouble

May 29th, 2006 at 04:47 pm

Just went outside for something and notice a oil leak of some sort Frown Last year I totaled my car and was given a 89 camery which I am thankful for...I only spent about 2000.00 having repairs done such as:the transmission,oil changes and tires, a battery. Since my accident I have not saved for a new car Frown I should have but I didn't. The money I was paying for my old car was $350.00 a month that should have went to the side but it wasn't until December of last year that I got serious about my debt and not until February of this year that I started really trying to save...so now what I put aside in my EF and challenge money I may have to use Frown either to get my car fix or a dowm payment on a car, oh boy. I hope this is not an expensive repair but oil leaks can be costly. I am so depressed now

Past due books

May 17th, 2006 at 03:22 pm

Being lazy I did not return my library books which ended up costing me $4.70 Frown
Can you believe it, all because I was too lazy. I could have bought a paper back book, or lunch or something; but no I had to pay the public library. Now because of a "lazy mistake" or a "stupid transaction" in which I like to call them I have to add this amount to my challenge money as well as the .70 cents for rounding up, a total of $5.00 OH BOY
I better take those movies back before I am charged a late fee as well

New challenge amount $437.96
I am entering blogs like crazy today I guess I have a lot to talk about..lol

Very upset

May 16th, 2006 at 04:06 pm

Ok I have to vent, theres this guy that I met at a X-mas party about 2 years ago, he drives me crazy but I deal with him only because I market at his office Frown
Anyway to make a long story short he is always selling something, and of course I feel obligated to purchase only because we have a business relationship...it would not bother me as much if I could get a refund from my job but because this is really personal I can't Frown now I feel like this was a waste and should match this amount and add to my challenge money in which I intend to do but it's the point. I can't understand why some people always ask the same people over and over to purchase itmes, I guess because we are suckers Frown
Now here is my challenge update:

$15.00 money wasted
.44 rounded to the nearest dollar after grocery shopping
$21.50 Payday deposit
grand total now $422.11

2nd Check in May

May 7th, 2006 at 05:15 pm

I am expecting about $825.00 Next Monday (payday) I know if I do not write down what needs to be done while I am slightly ahead it won't get done and there will be money wasted so here we go:

$75.00 EF
$10.00 new car account
10.00 Tuition/Books account
$20.00 Challenge/New home account
$40.00 Water bill
$12.00 Dental Insurance
$52.00 CC1
$50.00 C-phone #1
$40.00 Cable
$20.00 CC'2
$33.00 CC3
$26.00 CC4
$20.00 My ME account
$35.00 Home phone
$125.00 CC5 paid in full
$75.00 extra on CC 1
$50.00 Mom
$4.29 for the stamps I would have paid
actually it should be $5.00 because I am rounding up.Leaving me with 132.00 for two weeks. Wow I have way too many d*** CC's that is how I am in the trouble that I am in, now that I see this I am taking every single one out of my purse, you know my mom really does not travel with hers and she owes 0 on a cc, she only uses them when necessary. Wow and I paid off two today my God. It so different when you see things on paper versus estmiating and that is how I get into trouble. I really have an addiction to clothes Frown
it's insane I am so upset right now

Finally

April 28th, 2006 at 06:07 am

Finally I have received the $25.00 NSF refund from the bank. I had to go there yesterday and rais pure H**. Almost a month later and now I have my refund
boy was I upset. And I tell you what from here on out before I leave the I will be checking my account balance so that there are no mistakes as well as my receipts

One step backwards

April 26th, 2006 at 02:29 pm

While I was on my splurge over the weekend and this past week I totally forgot what got me into trouble in the 1st place so now I have to return some items that were clearly wants and not needs so here is the break down:

Clothing $240.37 (i'll be returning about $100.00 worth)
Job Expenses $192.20(will be reimbursed)
Misc $63.44
Good thing I keep a misc account where I can trsf fund that way I do not have to use my EF so I have about $80.00 in that account and $20.00 cash once I returns some of the items I should be good to go