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CC5 Down to $500

June 18th, 2018 at 04:08 am

Yay final check hit from my previous employer. Of course I paid my tithes $78.06, myself $100 (EF), knocked CC5 ๐Ÿ’ณ down to $500 and kept $100 in checking as a buffer.

I know some of you would say why not pay all to debt? Well because God has been way too good to me, for me not to give Him what belongs to Him first. Iโ€™ve learned over the years, that while paying down debt, if you donโ€™t pay yourself first, Murphy will hit and hit hard. Plus this teaches me to live on less than I actually make.

I think this is the Great Depression syndrome. People whoโ€™ve gone through the depression tend to save no matter what for a rainy day.

Right before the Great Recession of 2008, Iโ€™d paid off my debts and saved a nice chunk of change ๐Ÿ’ฐ. Well the recession hit, I wasnโ€™t worried, I was able to stay home, finish college, take trips and enjoyed my summer while all my friends worried and couldnโ€™t find work. I also ended up back in the mess Iโ€™m in after this, by not staying true to my values ๐Ÿ™„, lesson learned. So for me, I never want to be in a position where I canโ€™t afford to stay home if the worst thing happens.

I think thatโ€™s why Iโ€™m saving. Though Iโ€™m what one might call a moderate Republican, I hate government interference, Iโ€™m pro gun and pro choice, and I donโ€™t like what Iโ€™m seeing. Home ๐Ÿก prices are slowly creeping back up, people are frantic about buying a home (me included), jobs are steady but lay offs are happening and gas โ›ฝ๏ธ , well thatโ€™s up and down. Plus the markets has been way too good. I always say, what goes up must come down. Maybe Iโ€™m overly cautious but Iโ€™d rather side on the side of saving than not.

Oops, it wouldnโ€™t be a post without SO drama. His daughter who is pregnant went to the movies with cousins. Apparently one of the cousins decided to head out the theater early. Well this cousin, who just turned 18 gets into a fight with a 16 y/o and ends up in jail. ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ๐Ÿ™„
Iโ€™m not sure why the daughter was at the movie ๐ŸŽฅ she should be in stork mode getting ready for a baby ๐Ÿ‘ถ๐Ÿพ but of course the grandmother ๐Ÿ‘ต๐Ÿฝ allowed this foolishness. ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ unbelievable. SO is another reason why Iโ€™m saving and paying down debt. He has too much drama, I need to move or get him out of here. I canโ€™t afford to live on my own with debt and no savings

On Target With CC5

June 17th, 2018 at 04:21 am

Just paid another $300 on CC5. I had budgeted the COBRA payment for June twice. So I paid $300 on the CC and added the $84 to the EF. My COBRA payment is $384.25 a month. I have an extra $800 in the EF to cover two months in case I need to elect coverage prior to my coverage starting with the new job.

Iโ€™m excited because I will meet my second quarter goal of paying off a CC ๐Ÿ’ณ each quarter. Monday, my final check of my missed PTO pay out should be deposited ACH to my account of about $700. Iโ€™ll be adding this of course to CC5 ๐Ÿ’ณ knocking the remaining balance to $300.

Though Iโ€™m not what Dave Ramsey calls gazelle intense, I am meeting my goals at a rate Iโ€™m comfortable with. And Iโ€™m saving, that is extremely important to me.

Before Dave, Iโ€™d paid off my debt. I had started with the smallest to the largest. One thing I did was, every time I ate out, I had to match this dollar amount to my debt reduction and when I didnโ€™t I added, $2 to my savings. I think Iโ€™m going to start this up again. It helped me then and I like the challenge. Overall I like Daveโ€™s plan, I think it works, but not for me, thereโ€™s some tweaking like adding to my EF each pay day.

Lastly, Iโ€™d like to wish all the dads a Happy Fatherโ€™s Day! ๐Ÿ‘จ๐Ÿฝ๐Ÿ‘”

Drama

June 15th, 2018 at 06:55 pm

Spoke with the payroll manager and my check for my PTO will be deposited Monday, Iโ€™m happy because all of it will be paid towards CC5. Iโ€™m thinking I should receive about $750. Hopefully the last check of this month from the new job, Iโ€™ll be able use some to pay it off.

I did set the money aside to pay for COBRA if I need it. My doctor called and wants me to schedule for labs and a follow-up ๐Ÿ™„. Well Iโ€™d really like to wait until August but my last result showed blood in my urine. Iโ€™m thinking this was due to my cycle, matter of fact I know it was. Plus my vitamin D was low. Smh always something. Iโ€™ll think it over the weekend before I pay $384.

Regarding the house, court is set for June 28th. Iโ€™m so ready for this crap to be over.

My sister closed on her place, and will be moving. I really donโ€™t think my mom should be living by herself but hey.

The SO came home last night to tell me his 16 y/o daughter is pregnant smh. Sheโ€™s been trying to get pregnant since last year from a guy who has pretty much told her to go to #^+^ ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ๐Ÿ™„. Iโ€™m so glad Iโ€™ve had this conversation that no kids having kids will be moving in with me. Another reason why Iโ€™m trying so hard to pay this mess off, save, and my move. Too much drama with him.

Extra $100

June 2nd, 2018 at 02:33 pm

Wow out of the blue my older brother, not the jerk I'm dealing with, left me $100 at my mom's house. Guess what I'm doing with this money? Yep paying down CC5.

I can't wait to get paid on the 15th, I'll get my final check from my previous employer as well as my first full check with the new company. I should be able to knock CC5 in half and then pay the remainder off by the (6/29, last check) of the month. I'm so excited. That will be four credit cards paid off since January.

The closing on the house is on 6/29 and I should be able to knock everything else out of the way. How exciting. Hopefully all else will go well. And I can get rid of the jerk I call a brother for good.


Rich Dad, Poor Dad Takeaways

May 28th, 2018 at 07:47 pm

I love the accountability support that is provided in this group.

I decided not to purchase books and to continue to check them out at the library. In addition, as much as I would like a new rug for the office I decided to pass. No need in spending that money. I did need the air freshener though so I bought one.

I finished "Rich Dad, Poor Dad" by Robert Kiyosaki. It was okay, an easy read. He heavily stressed real estate, and taking on debt to do that. Not for me. My goal is to pay off my debt, purchase a villa/condo and pay that property off in like five years. Save for 2-3 years and then rent the villa and buy a home. That way as the author says I have some passive income coming in.
The book had some really good points though. The author stressed reading more about finances, to enhance your financial literacy( I am doing this).

In addition; he heavily stressed meeting with "rich people" and picking their brains. He talked about skillful people who are still broke because they've conditioned themselves to believe that and won't take risks, I'm guilty. This reminds me of my SO who refuse to take the business over from his mother and make changes because he's scared and that's how things have always been.

One thing the author said that stood out to me was, don't say you can't afford but what can you do get it. This mind set makes you think out side of the box and I like it. Next on the list is Suze Orman's Young Fabulous and Broke.

On a different note. I made my very own Panera Bread apple chicken salad. It was absolutely delicious. Publix had BOGO on salads ($3.99 for two bags) a bag of eight chicken breast for $8.99 and a bag of apple chips, $2.50. Normally one regular salad at Panera is about $8 plus tax. This meal fed two and will be lunch and dinner tomorrow, winning ๐Ÿ™Œ๐Ÿพ.

Memorial Day

May 28th, 2018 at 01:18 pm

Thank you to the men and women we lost, who served this great nation, for my freedom. Freedom is never free.

This Memorial Day, I did nothing. I just took this time to read about some interesting facts regarding the holiday while reflecting on what so many have gave.

I did manage to check somethings off my to do list, like balancing my checking and saving accounts, balancing one CC account and finishing up a report for an organization I belong to. I still have one more account to review but hey at least I'm on track.

I also tackled my May book. I have about 1.5 chapters to go and I'll be done for May. I'll be reading Suze Orman's Young, Fabulous and Broke for June. I've decided that I need to start budgeting $20 a month for books. I miss writing in them, taking notes and having the ability to refer back to them. I've been checking out books at my local library but I want to be able to refer back to my books. I did find a site called thrift books or something similar I can't remember, that sells books really inexpensive. Books over $10 have free shipping.

401(k)

May 20th, 2018 at 07:08 pm

Baby step 2 of the Dave Ramsey (DR) plan is paying down debt and stopping the 401(k). I really wanted to just take a year off from not contributing to my 401(k) but looks like it might be two years.

My question is, when I sell the house, I should be able to knock out a great deal of the CC debt and student loans, do I wait an additional year before adding to my retirement paying off the student loans or start it back up in August? August is when I originally stopped contributing.

The new job I'm going to does not match, ๐Ÿ™„๐Ÿคฆ๐Ÿพโ€โ™€๏ธ, so I'm considering opening up a Roth and depositing 3% each pay period starting in August. I just do not want to go too long without contributing something. I know once the debt is paid off, DR says to contribute 15% to retirement, I was thinking more of 30% to hit the max of $18,500 each year. My goal is it deposit the max until retirement actually starting in 2019.

Ugh I can just kick myself, with this mess I've gotten myself into. 44, I should be talking about early retirement and here I am discussing paying off debt.

Getting ready to now go through my envelopes to see how I'm doing. I spent my fun money this week on sorority crap, that I'm over. Thank goodness this will be my last year that I'm active, until I get a handle on things. Well I can't say a ton, maybe $20-$25 it's just I could have used the money for something else. ๐Ÿ™„๐Ÿคฆ๐Ÿพโ€โ™€๏ธ

I check my points for Fetch and I'm almost at 20k points, there's a book I'd like to purchase via Amazon but I'm going to hold off. I'll use the points for Sephora to pick up some makeup I need. It's better to borrow from the library anyway.

Reading these financial books really put me in a bad mood. I realize that I'm dirt poor. That I have nothing that will make money for me if I lose my job. Now I'm thinking what can I do to earn money while I'm working?

Winning this Week

May 18th, 2018 at 01:49 pm

My morning started out busy. First, I competed some items that was needed for an event that I'm chairing. Then I had to run around from one bank to the next. I'd open a new account at one bank and the teller didn't have me to sign a document, so I had to go in a sign.

Then I went to my main branch to deposit my change I rolled ($18.50) so I added this to my EF. I really like seeing my EF grow. I know DR says a $1000 and then stop but for me I have to add something. My car is old, I drive extremely far for work, even the new job will be far and if my car ever gives out, I want to have at least 5k saved to be able to purchase a car cash, it gives me a peace of mind. I did say once I hit 3k though, I'll stop adding to it. 3k should be okay for a decent car.

I have a few items to scan for Fetch, iBotta and Receipt Hog. By next week I'll have another $20 to cash out on iBotta, I do have enough points on Receipt Hog for about $20 but I'm going to wait.
It's time consuming but hey it's cash back scanning these receipts.

This week I think I won with money by getting back on track with my budget, and paying a little extra on CC5. Plus I'm not driving too much this week as well. Oops I'm not going to the salon so the $45 budgeted will go to CC5 ๐Ÿ˜Š

Back on Track

May 17th, 2018 at 05:03 pm

Took today to balance the credit cards, proud of my myself, I haven't racked up any new debt. Tomorrow I'll tackle my bank statements.

I decided to get back on track with my budget, last three pay periods I went well over (eating out). The only good thing is that I'm socking away about $200 each pay period. I have so many different saving accounts that it seems ridiculous but hey it works for me. One I use for fun things that I may want (vacation/big purchases), medical, car, etc. I just add a little at a time and guess what, it adds up quickly.

I'm enjoying these few days off, prior to starting the new job. Tomorrow I have a few errands to run, and then it's back home.

House sold!

May 4th, 2018 at 03:29 pm

Ugh, still waiting on my background screening to clear before I give my notice, this is ridiculous it's been over two weeks. I did find out that the organization left something off, and that delayed the process so I should know something Monday.

I'm anxious because my new supervisor at my current job, told me "she has been saving my job." I'm like really? But what ever.

In financial news, I signed up for auto bill pay for my car insurance, that will save me $5 a month. I have the sinking fund going so that hopefully in October I can simply pay the 6 months and not worry about this sucker.

I finally got the contract signed to sell dad's house. Yesterday the inspector went by to view the home. I'm really hoping to have this place sold by the end of the month.

In SO news, for the last few months he's been doing really well with finances, he even socked away his BS1. I was really surprised

I actually blew some money last weekend, I budgeted for most and reworked my budget, to cover what I spent. What I'm most happy with is that no credit cards were used and I was still able to sock away almost $200. Now it's back to budgeting. ๐Ÿ˜‰

Interest Sucks!

April 10th, 2018 at 12:30 am

One thing I hate about debt and that is interest, ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ.

Pay day is Friday and the new Target statement just hit today, new balance $308.48. I didn't update my side bar, because I'm paying this sucker off first thing Friday morning. That puts me at five more credit cards ๐Ÿ’ณto go.

I was so upset and embarrassed that I had that many credit cards, then one day I read a Facebook post that someone had 32. I couldn't even imagine having that many, ugh! I'll take my ten any day over 32.

So once this card is paid off, that should free up about $350 a month. Not bad, with this extra money, I should be able to knock CC5 in about five pay periods, that means she'll be paid off by the end of the third quarter. I'm pleased because one of my goals was to pay off a CC each quarter, 4 for the year and I'm on track. Honestly, just thinking about it, I should be able to knock this baby out in 4 periods (August of 2018), the sooner the better.

Hopefully the house will sell and I can pay off CC6, CC7 and CC8. I'm going to fully fund my EF, the job is too unstable for me not to have 6 months worth of expenses saved. That's one of the reasons I put money towards BS1, even if it's $20.

Health Insurance Savings

April 8th, 2018 at 03:38 am

Last year I was an idiot, I did not complete my healthcare activities to earn the $25 credit with my employer and I'm the benefits administrator, smh.

Well this year, I decided to complete and I earned my $25, so I'll be paying $12 a month in health care. Though the insurance sucks, $5,000 deductible, and $10k out of pocket maximum, I'm happy to have the savings. I opened a medical account so each pay period, I'll deposit the extra $25. Next year I'm switching to the HSA plan that way I can save and roll over from year to year.

CC4 Will Be Paid Off Next Week

April 5th, 2018 at 07:13 pm

I've been on a very strict budget, for me that is. Today I went over my dining out/fun money by $6. But hey, I felt like Chinese.

So due to my strict budget I have not gone to the salon ๐Ÿ’‡๐Ÿฝ. Honestly, I look a mess, but I'm focused on my credit cards. There was a time I was going every week. I had budgeted for the next budget period, a $100 to see the beautician, it's actually about $110. Long story short, the SO came home tonight and handed me a $100 bill ๐Ÿ’ต. I was so excited but I knew I had to ask, "what's this for?" His response was " go get your hair done."

I had mixed emotions, one I was hoping he would have said do what ever, two I thought maybe he was paying a bill early (he's been caught up and doing very well lately). But when he said hair, I was sort of bumped. I wanted so badly to use the money for CC4. I know I still can, but at least when I get paid next week I won't have to use my money and I can still add to the CC. I know deep down, getting my hair taken care of will definitely up my spirits.

After he walked out, I looked at my budget, cut somethings, and low and behold, since I'm not spending the $100 on hair, I can and will be paying off CC4 on April 13th. I'm so excited I can scream. What a feeling, I can't even explain it.

Four credit cards down since last April and three since starting the Dave Ramsey plan in August. I'm averaging one credit card ๐Ÿ’ณ every two months since August. Yes!

Next I should be able to knock CC5 out before June. Wow, my goal was to pay off one CC every quarter and we are only one month into to second quarter. Feeling super excited!

Tonight I remembered my word of the year, gratitude. I'm so thankful to be on this journey, though I'm stressed at times about my finances, seeing those balances shrink feels so good.

Thanking God for his grace, guidance and love without Him I couldn't have gotten this far.

Auto Pay

April 5th, 2018 at 05:48 pm

The item I sold on Poshmark was delivered today; hopefully the seller accepts the order, and I can deposit the $13.60 to my account.

I've bumped the cost of my items posted; hoping that I can get what I want for them but geesh, this is hard.

I set up auto pay for my cellphone ๐Ÿ“ฑ, reducing my bill by $10 ๐Ÿ’ฐ plus I ended up with HBO but I actually just broke even. Only good thing is I can call Canada ๐Ÿ‡จ๐Ÿ‡ฆ without any additional cost.

I'll be setting up my student ๐Ÿ‘ฉ๐Ÿฝโ€๐ŸŽ“Loans for auto pay, I save 1% on the interest by doing so. I totally forgot to do this ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ

Now I'm wondering if there's anything else I can set up with auto pay that will save me money ๐Ÿ’ฐ

Update to post.
I went ahead and signed up for auto pay. I'm actually saving .25% on the interest. It won't stop the bleeding but at least the loan interest will take step backwards. I'm over this student loan.

Chipping Away CC4

April 4th, 2018 at 07:11 pm

Finally received my $50 back from a family friend. It was no sweat off my back because I knew he would pay me back, plus he's so good to my senior aunt who does not drive, that it didn't bother me. He actually left an additional $50 because he took so long to pay me back, I gave the extra money ๐Ÿ’ฐ to my aunt. She's amazing.

I keep a buffer in my checking account but I'm going to take the $50 and apply it to CC4 ๐Ÿ’ณ . The goal is to have this sucker paid off by the end of the month and meet my second quarter goal. New balance,$297.61 ๐Ÿ˜„. I haven't used this card maybe in about two years and now, it will be gone! Yay!

Different note, my mother wants my sister out of the house. My mom, and you all have read my posts, is an angry woman. She's absolutely miserable. I felt so bad for my sister. We have a spare room here so I told her she could crash here. I pray that one day my mother's heart โค๏ธ will soften.


Happy Easter

April 1st, 2018 at 06:54 pm

Happy Easter everyone ๐Ÿฃ๐Ÿ™๐Ÿพ

Today was a great day, for one I spent no money other than the $1.00 at church.

Secondly I made spaghetti ๐Ÿ for dinner. Usually I go all out and have all this food left over that goes in the trash, this year I decided not to be wasteful.

My April goal is to walk ๐Ÿšถ๐Ÿพโ€โ™€๏ธ at least 20 minutes a day, I completed day one ๐Ÿ˜„.

Lastly, I plan on finishing up, "Unbanking of America," first time in a long time that I borrowed from the library ๐Ÿ“š and will not have to pay a late fee, I call this stupid fee.

I finally balanced my accounts so I'll be taking a look at my March spending.

Oops I almost forgot I sold an item on Poshmark tonight, $13 will be added to the EF

Saturday Ramblings

March 31st, 2018 at 08:42 pm

I don't know, I'm super happy for a friend of mine who got promoted and is now making six figures. But I just can't help but think of all the money she waste since she's gotten this promotion. New car, $60k+ two homes with mortgages and looking to buy another. And now she's planning trips for the entire family, extended included.
I love her to pieces, like a sister, but I'd rather see her pay down her debt. You never know what might happen. Oh well ๐Ÿ˜”

As far as for me, well today was pretty productive. I'm still not watching tv ๐Ÿ“บ so I was able to get things done. Cleaned my bathroom ๐Ÿ›€ , balanced my checking account, got an oil change and cleaned the rest of the house. Feeling accomplished.

I tried mobile depositing a check to my sinking fund, but I guess I've reached my limit for March, so I'll wait until tomorrow. I never knew there was a limit.

I also set up a Christmas ๐ŸŽ„ account with Capitol One 360 today. I tried keeping everything in the sinking fund that I use for car maintenance and insurance but I keep having to put money towards the car ๐Ÿš—๐Ÿ™„๐Ÿคฆ๐Ÿพโ€โ™€๏ธ.

The vacation club, though I've struggled with what to do with this money, I'm going to keep it just for what I started it for, a vacation. I've been socking $20 a pay period and I'm now at $140. The plan is to treat myself to a very nice vacation once this debt is paid off. Though I'm anticipating 2-3 years, I figured I'd have a nice chunk of change and maybe I can go to Monaco ๐Ÿ‡ฒ๐Ÿ‡จ after all, lol. Monaco is so expensive, I don't know if $40 a month will cut it.

Target Payment Posted

March 31st, 2018 at 02:06 am

4:30 am and the first thing I did when my eyes ๐Ÿ‘€ opened, was check my Target ๐ŸŽฏ balance. Thank goodness the $349 was processed, I cab now update my sidebar. Only about $347 dollars left, I'm sure they'll be an additional $5 in interest ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ but that's the price you pay when you use credit cards ๐Ÿ’ณ.

I also received a request to purchase an item on OfferUp, $10. I hope this is a legitimate sale. So many make offers and don't show up. I decided to no longer meet folks closer or easier for them. Meet me at my nearby police ๐Ÿ‘ฎ๐Ÿผ department. I'm sick of folks not showing.

Lastly, today is a busy day. One I want to get at least 20 minutes of cardio in, secondly I have to get an oil change and then other miscellaneous stuff done. I've decided that both Saturdays and Sundays will not be filled with work so on Sundays I'm resting. I may even head to the beach ๐ŸŒŠ tomorrow

Just Sucker Punched CC4

March 30th, 2018 at 12:39 am

Just paid over $300 on the Target ๐ŸŽฏ bill, my new balance is $349.61. I should have this sucker paid off by the end of April, thank you Jesus.

I pulled my credit score with Transamerica and it was 698, not bad. Think my high score was 702. I noticed that as I pay these suckers off it's creeping back up. The jump is due to the decrease in high balances.

Back to Target, I'm going to be really annoyed if my payment isn't posted right away. They have a tendency of holding high payments. They actually suck, you can only make like two payments in a 7-day period, you can't add decimals. For example, I'd budgeted $348.76 but had to round up. No big deal but I like a balanced budgets, no over budget items just under. And lastly they hold large sums of payments. They make it extremely difficult to get your balance down.

It's 3:29 am and I've already spent the following:
* $196.08 Tithes - not negotiable
* $20 vacation club (savings)
* $211 JCP - minimum payment that include my AAA purchase
* $349 Target - debt snowball

Though a lot has gone out and I haven't cut the rent check yet, I'm thankful because one, I never thought in a million years that I could and would be faithful with my tithes. Secondly, with my raise and paying down debt, I've freed up over $500 a paycheck. Right now all you see are the payments but I'm about to add a total of $107 to my savings. All I think about is, when CC4 ๐Ÿ’ณ is gone that will be another $50.

I'm so overwhelmed with mix emotions. I'm upset that I'm on this journey once again and I'm glad that I'm doing what it takes to no longer be slave to the lender.
I know it takes time and that I'll get there

Who hoo a extra $30 on CC

March 25th, 2018 at 09:45 am


SO filled my car up today, โ›ฝ๏ธ so what I had budgeted, $30, I'm throwing to my savings on CC4.

We headed over to Target after church โ›ช๏ธ, I got cubed steak for dinner on clearance, too bad they didn't have any chicken. Meals are based on what's on sale. I headed to Aldi and picked up apples ๐ŸŽ, grapes ๐Ÿ‡ and paper towels. Aldi has such great deals.

Now that dinner is in the crockpot, I'm just going to relax for a little while. Love Sundays

Student Loans

March 24th, 2018 at 12:00 am

Up late and checking balance dues. While doing so, I noticed that if I select auto payment for my student loans, my loan rate will reduce by .25%. It's not much but it's enough to save me some money so I'm signing up.

I also noticed that even though I pay every month my loan balance is increasing. I pay only the minimum, but shouldn't it go down a little? WTH? This makes me so angry, I now want to tackle this debt before the CCs. I know I'll be out of order of the baby steps but this is absolutely ridiculous. I think, well I know, I'm going to change somethings around regarding my monthly goals. Right now it's to save $200 a month to the EF, I'm still going to this. It's not part of the steps but it gives me comfort; being able to cash flow some things, such as my $300 car repair is better than accumulating more CC debt. Once I get BS1 to $3k I can stop adding to it. After looking at my loan debt, I'm going to add a monthly goal to pay an extra $100 on the loan. I'm going to revamp my budget.

Goals revamp
* Yearly pay down debt, stick with a budget
* Quarterly pay off one CC (four for the year)
* Monthly save $200 and pay $100 on student loan. Read one nonfiction book ๐Ÿ“š preferably on finances
* Daily get a little exercise in

Since I'm not going on vacation, I'm not sure what to do with the money. I feel like a) I should throw it at debt, it's about $40 a month. Or b) keep adding to it, to give myself a little me time one weekend. I'm so tired and I'd love to check in, at a hotel on the beach ๐ŸŒŠ and just unplug. All by myself. Or c) purchase that laptop I've been wanting and not needing. I'd love a laptop that I can carry with me. I can use it to work on my budget while I'm away or in bed. It's more for convenience.

Lastly one of my coworkers birthday is coming up. I really like her. She's planning happy hour ๐Ÿท Monday but I've already blew through my fun money, for another coworker. This is where discipline comes in. I'm going to have to let her know that I just can't make it. I have nice bottle of wine ๐Ÿท that I'm going to give her as a gift. I do have the vacation club money and the buffer in the checking but I just can't do it. I don't want to get in the habit of shuffling money around. I'm just going to let her know that I can't make it.

Update to post. So apparently there are rules in my student loan agreement that, require that outstanding interest and late fees (if applicable*) must be paid first, prior to a payment being applied to the loan principal. I check my loan balance and notice that it was going up vs down. I know Dave says to pay the smallest to largest debt first but the way things are going, I'll be in a 100k student loan debt if I don't pay this off.

I have one of two options for the extra payments and need your help.

Standard Allocation
(Most common)
* Once scheduled monthly payment and all outstanding interest has been paid, excess will be applied to the loan with the highest interest rate, thus costing supposedly costing me less interest over time. โ€จDone automatically.
Custom Allocation
(Least common)
* Once scheduled monthly payment has been paid, excess will be applied to the specific loans of your choosing. I set up manually.
* Here I can allocate how much of the excess payment is applied to the interest and how much is applied to the principle

Weekend Shenanigans

March 18th, 2018 at 09:52 pm

Tackling the debt was the best thing I could have done.

Just looked at my budget for the next budget period and realized I can put 20 to 25 percent of my income into savings and still pay a little extra on the CC. Though I'd love to do that, I'm going to throw it at CC4 to get it down to $400 or less. Then I'll add a little to the EF to bump me over the $1200 mark.
This is all after paying my tithes first. God has truly blessed me. My prayer is that I continue on this path with no looking ๐Ÿ‘€ back. One of these days I'm going to be that person, walking around handing out $100 bills during Christmas time.

When you're doing what you are suppose to, you not only pay bills on time, something I never had a problem with, but you're way ahead of schedule. I usually pay the BoA credit card ๐Ÿ’ณ with the last check of the month because it's not due until the 2nd or 3rd, but for some reason I paid it the last budget period. Lol. I couldn't believe I had done that, and to be honest I'm not sure why. Maybe God wanted me to see the fruits of my labor.

I'm so loving this.

Saturday I went into a beauty supply store, and casually mentioned I wouldn't mind working part time, the owner's son offered me a job. I was like wow! They know me, I frequent the location, but the problem is that I can only do two Saturdays and month and Sundays are out, God has been too good for me not to worship. I'm going to pray on it and see if something doesn't work itself out where I can take on the extra job. I can use the extra cash to pay down student loan debt ๐Ÿ‘ฉ๐Ÿฝโ€๐ŸŽ“. That would be awesome.

I forgot to mention that the SO suggested that we go out for ice cream ๐Ÿฆ St. Paddy's Day ๐Ÿ€. We're doing this less tv ๐Ÿ“บ thing. I was a little hesitant but thought why not? Long story short, ice cream ๐Ÿฆ and a milkshake was $20 at Kilwins, yikes! I wanted to scream but kept my mouth shut ๐Ÿค . For the last two weeks he's been doing pretty good. But I couldn't help but wonder why couldn't we add this $20 to the EF or debt? I need to stop focusing on finances so much and enjoy life, but not to the point that I'm back where I started. I find myself not wanting to spend the fun money ๐Ÿ’ฐ that I budget ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ.

Honestly; it was a nice outing. We people ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘ฆโ€๐Ÿ‘ฆwatched, found a really cool bookstore ๐Ÿ“š , and a super cozy coffee โ˜•๏ธ shop that just so happen to be having spoken words, so we sat in. All in all it was a great weekend.

$1,000 Payment Held

March 17th, 2018 at 03:28 am

On the 28th of February I paid a $1,000 on CC4. I notice that my available credit after paying it hadn't changed, so I called the credit card ๐Ÿ’ณ company. Well they were holding the funds.

Why would they hold the funds? Well I found out that if you make a large payment they hold your funds. This to me is the most ridiculous thing I've ever heard of. I paid it and it should be processed. Well they finally processed it yesterday, two and a half weeks later. Smh

I've updated my side bar, things are looking pretty good. As you all know, I'm not going on the vacation but I'm saving now for a laptop. I probably could have purchased a refurbished one this budget period but I decided to wait, it's not a must. I do like the idea of putting money aside so when I want a big purchase such as a laptop ๐Ÿ’ป that's not an emergency ๐Ÿšจ, I can simply just purchase the item. Or maybe one day I can treat myself to a fabulous lunch, and a little shopping that's credit card ๐Ÿ’ณ free. What I've found is that this program works but for me I need to do something nice once in a while or at least know that I can. Though I haven't done anything foolish since I've started, just knowing that I have the $100 to blow, if I get a crazy urge, makes me feel good. It's a process. Who knows, I may use this money to pay my CCs, that seems to give me the most pleasure. Who would have thought that paying down debt, gave you a natural high lol ๐Ÿ˜‚ too funny.

I know Dave says to save a $1000 for the EF and then tackle debt. But my car is old with over 200k miles. I drive about 60 miles round trip each day for work. So for me, I think I need to budget funds for the EF, even if it's $20. I want to have at least $6k ๐Ÿ’ต saved in case I have to buy another car ๐Ÿš—. I'm happy that I was able to throw an extra $54 at it. This may slow me down a bit, but if my car breaks down rather than financing I'll have good ol sweet cash ๐Ÿ’ฐ.

Sinking fund, well this was to be for car insurance, car maintenance ๐Ÿš—, Christmas ๐ŸŽ„ gifts and sorority dues; unfortunately I've been using this account strictly for car repairs. I'm glad I have the money ๐Ÿ’ฐ but I was really hoping to be able to pay my car insurance for six months. I have one more item to fix on my car, once that's done everything else should be good and come October I'll be able to pay the six months.

Oh SO, has challenged himself not to spend any money, seems like last week he did pretty good. I didn't ask but I'm happy he's at least trying.
That's it for now.

Nice Little Check

March 9th, 2018 at 07:24 pm

One thing I like about being an admin is that I'm able to view my check five or so days before payday.

Took a look at my check, and it's about $300 more. This include the raise and me changing my total withholdings. Best thing I could have done was read the instructions on the W4 form and completed the document more accurately. Why have a refund that's not earning interest for me, on money I earned, when I can use my money now? When you know better you do better. That's why I'm reading more and more books on personal finances.

Different news, I applied for a job and had a phone interview. The position is paying about $10k more a year and closer to my home. All went very well and I'm pleased. I was told that they'll be a second interview next week.

That's all the news I have planned. Tomorrow after my sorority meeting, I'll be revamping my budget. It feels good to know that CC4 will be gone soon

No Family ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ Vacation ๐ŸŒด For Me

March 4th, 2018 at 11:11 am

Well I'm not going on the family ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ trip, I knew I wouldn't be going but was putting the money up just in case. I realized that a laptop is more important not to mention paying down my debt than going on a trip โœˆ๏ธ ๐ŸŒด

I did some researched and found a refurbished HP laptop ๐Ÿ’ป at Walmart for $139. So just two pay periods away and I should be able to purchase one, cash ๐Ÿ’ฐ. In the past, I've always put these items on a credit card ๐Ÿ’ณ and bought brand new. Well it feels so good to know that I can cash flow things and know that refurbished is just as good as new.

Though it's not a must that I buy the laptop ๐Ÿ’ป and I probably won't, I've learned to wait three days before making a purchase and that is why I'm so happy.

On a different note, I created the sinking fund for Car insurance, car repairs, gifts and sorority stuff. But I've spent everything on car repairs. First brakes and next alignment, and tire rod. Now I have save up for a motor mount ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ

Not Every Discount is Worth It

March 3rd, 2018 at 06:26 am

Thank God for a sinking fund. Took my Camry in for a tire rotation, balance alignment and repair of the right tire rod. The car ๐Ÿš— is paid off with 222,356 miles.

I met a mechanic at the shop the last time I was there, who told me he did side work. But when I called him he wanted me to come in on a day that was slow, and his bosses weren't in. I'm thinking, I thought ๐Ÿ’ญ you did this at your home? Though I contemplated taking my car to him to save money ๐Ÿ’ฐ, I knew it was wrong. This is stealing, and God has been too good to me, so I took my car in for service and am prepared to pay what it costs in cash ๐Ÿ’ต

Hopefully the service isn't more than $400, because that's what I have in my sinking fund. I'm just waiting for a call back with the estimate.

Next, I was approved for the loan of $112k, closing must occur no later than June. I can't wait to sell the house and pay off my debt. I'm so thankful because, after paying off the debt, I'll still have money ๐Ÿ’ฐ (20%) for the down payment. As well as a pretty decent EF. I can then get rid of the SO, my mortgage is estimated at about $350 less than rent. I'm going to cut the cable off, and start saving and living like no one else ๐Ÿ˜Š.

This next pay period CC4 should be gone and then it's onto CC5. I'm so glad I started this debt pay off, that way I'm not using all my money from the sale to pay off debt. Feels good to finally see some progress.

On a different note, this month's book ๐Ÿ“š is "Stop Living Paycheck to Paycheck" and I absolutely hate it! I'm almost done, I hate starting things and not finishing. The author encourages use of credit card and a line of credit, absurd. If I'm living check to check, that means one have not nipped their behavior in the bus and you're recommending credit card ๐Ÿ’ณ use, ridiculous.

Car Accident, Again

March 2nd, 2018 at 03:14 am

On my way home today, feeling pretty good and I'm stopped due to traffic on the freeway. Well next thing I know is I hear boom! Some guy hit my car ๐Ÿš—

Thank God I was not hurt or my car damaged, I just fixed this stupid bumper. ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ๐Ÿ™„. They guy jumps out yelling all is well, well I needed to see for myself. I got his tag, photo of his ID and his number. Tomorrow I'm taking the car to the shop to have the bumper checked.

These last few months have been nothing but a headache.

Only thing that seem to perk me up, was looking at my March 15th budget. Looks like, I've freed up a enough cash to pay about $300 on CC4, wow! So excited. I might be able to do $400, depending on how my raise and change in deductions impact my pay. But even with $300, I'd knock it down close to $400 and by April it would be paid off. Good thing about all of this is that, I'm less stress and would have met and went beyond my first goal of paying off at least on CC.

Hard work pays off

Book Number 2 is Done

February 28th, 2018 at 03:32 am

Well I finished my second book ๐Ÿ“š of the year by the skin of my teeth. Lol, didn't think I would so I buckled down the last two days.

As I listen to Dave Ramsey daily, all I hear from millionaires is that 1) most only have a bachelor, I have my masters; 2) all live below their means, I just started this and 3) they all read something like 20+ nonfiction books a year, I'm not even close on this one.

So 2 out of 3 isn't bad lol. I'm trying to get there and I think it can be done, so long as I have a vision with goals.

This month I read Michelle Singletary's "21 Day Financial Fast," most of her teachings are pretty much the same as Dave, except that she tells us to add money to the EF, even if it's $5 a month. I do this, it drives me nuts not to add something. I just cut other areas.

Next, I'll be reading "Stop Living Paycheck by Paycheck." The book had great reviews and I'm excited about it

Adulting (?)

February 26th, 2018 at 10:40 pm

Adulting is a termed used by those who are being responsible, I guess I finally made it lol.

Today I printed out a W4 at work and actually read through and made my adjustments. Rolls eyes ๐Ÿ™„

When I first started working, 30+ years ago I was told by an adult to always place zero on the document so that my tax refund would be nice. And so for years I did. Then I changed my withholding to two. But I sat down out of the blue and decided to read and follow the instructions for myself on the form and my actual withholdings should be three.

I'm so frustrated, not with anyone in particular but the fact that I was never taught about finances, not by parents, educators or mentors. I mean indirectly my parents always said to save and pay your bills, and I pay who I owe on time, but never taught about money.

I sit back and I reflect on the following
* taught myself how to balance a checkbook after always bouncing checks (early 20s)
* Mid 40s finally decided to review my allowances
* Paid off debt due to being frustrated but five years later back in debt, what did I learn?
On thing I was taught, and that was to do my own taxes. I've never paid anyone to do my taxes since I was 16. My economics teacher taught us how to complete a 1040EZ. I would go to the library pick up the documents and instructions for free. Now I use turbotax to complete my returns but I'm thinking of going back to good old pen and paper, it's free.
It's just amazing.

To change the subject we met up with some friends yesterday. They asked how the wedding planning was going, I said it's not going because the SO refuse to get on a budget and do right financially, and that he waste money. The SO said that I'm getting to be too cheap. They laughed but I didn't find anything funny.

So this couple goes on to tell us how they decided to put a $1000 away a month, I thought that's great, I'd love to do that. But then they go on to tell us that they purchased this new truck, Volvo, with all the bells and whistle and paid an extra $15k because they wanted the 2018 vs the 2017. Now mind you this truck starts at about $46k, I couldn't help but think I would love a new car but I don't know about spending that kind of money. They went on to tell us that they bought a condo, that's not rented in Vegas and it's only about $700 a month. I don't know a part of me was happy for them, jealous and then sad all at the same time. I couldn't help but wonder how much debt they must be in.

Well, my word for this year is gratitude. I have to remind myself that things (debt) do not make me happy. And though things may look great for others, and they may very well be, it's just not my season.

Things I'm grateful for, not in order of preference :
1. A roof over my head
2. Paid off car ๐Ÿš—
3. Paid off 3 CC ๐Ÿ’ณ
4. This group
5. Time spent with dad
6. Eyes finally open about my finances
7. Clothes
8. My job
9. My health
10. Family and friends
11. God's grace and patience with me
12. No more depression, thoughts of suicide- haven't had this in a while, thank you Jesus
13. No more getting upset when things don't go my way. I'm not saying I'm not disappointed but I just don't dwell on it


Screw You Credit Score

February 24th, 2018 at 03:12 am

Yesterday I applied for a pre-approval for a mortgage and was denied. Though my score was high I had too much debt vs my income. I was down but not to the point in that I was worried or very upset. I don't know why, but I wasn't. I just figured, God was not ready for me to purchase yet. Or he's teaching me that things don't make me happy, it's the freedom that he wants us to have that does.

Basically, I have a house in my name, and student loan. But was told if I pay off the cards and close them all is well.

So once I get the money from the sell of the house, I'll be paying off every single credit card.

Yesterday I received a $7k a year raise after I spoke with the bank and being told I don't make enough. I changed my withholdings so that I have more of my money to do what I need to do vs Uncle Sam and getting a nice refund each year. I've never done this before, because I'm always afraid that I'll owe. But I realize it's better to have my own money, pay my debt vs Uncle Sam. Not to mention, I plan on changing it back around in August so I should be fine.

Today I checked and my tax return should hit my bank account next Wednesday, that means that CC4 will be pretty much gone. Then it's on to number 5. I also sold an item on Poshmark making $16. I'm excited about this. As you all know I've been having a hard time selling things.


The SO finally gave me the money for the plot that he owed, I mailed a check off last night, so he's caught up and that means next Saturday I can transition the debt to him, freeing up $2k. Ugh this has been a nightmare but at least I can get rid of it now.

I realize that a credit score is simply a debt score as Dave Ramsey says, it means nothing if it's high and you make no money. You're just in debt ๐Ÿคฆ๐Ÿพโ€โ™€๏ธ


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