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Numbers are in - first time budgeting

October 14th, 2017 at 01:18 am

Last year I was really slacking with my finances. I wasn't balancing my accounts and Go Daddy charged me $180. Didn't catch the charge until about four months later. I thought, I had cancelled the service, but low and behold they charged me again. Ugh! Thank goodness I'm on top of things now, I jumped right on the phone and called them. Now I'm waiting for my refund.

Meantime this charged caused me to go over my limit on the CC incurring another fee😑. I'll be reaching out to BoA to get this taken care of first thing in the morning.

Some good news, I took a look at my spending habits for the last two weeks and I did pretty good for a first time budgeter (new word)lol.

The pluses (+) mean that I actually had money left over and I did not go over my budget.

The negatives (-) represents the amount I went over what was budgeted, so here we go.

Charity +$20
Groceries under budgeted by -$3.57
Savings balanced
Housing balanced
Utilities -$5.56
Personal +$40.85
Debt CC +$26.00
Insurance +$63.36
Medical +$35
Transportation balanced

I'd say I did pretty good as a first timer. I prefer the per pay period/zero budget vs by month, that seems to work for me and provide me a sense of accomplishment.

Another good note I received my Wal*Mart Saving Catcher credit and was able to get my nephew tablet for his birthday for free. Not bad.

Zero Balance Budget

October 7th, 2017 at 11:44 am

I hae created my 10/15 - 10/31 zero balance budget and realized a CC that I had planned to pay has no monies due, I've already paid it. So the $54 I budgeted I'll put in my EF. I'm still working on Dave Ramsey's (DR) baby step 1.

For the pay date 9/15 - 9/30 I still have $80 left over for car insurance that I thought was due. I have my dad's truck and it's $80 a month. I'd budgeted the money and went to pay but nothing was due. I'd already paid it. I decided to put this $80 into my sinking fund (car). My car is old, 2002 Toyota with over 215,000 miles. I have to start socking some funds away for when the time comes. Hopefully I'll get at least another 5 years.

I'm following DR advice utilizing the zero balance budget and the envelope system. I have the following left to last me until next Friday, October 13th.

Groceries starting balance was $80, ending balance $50.13. Not bad, I'll be adding another $80 on Friday.

Personal (e.g gifts, toiletries hair) starting balance $145, ending balance $55.48. On Friday this envelope gets $200. There's two birthdays, and one wedding, I have to buy gifts for. Plus there's bosses day. Ugh. I hate that we are going into the holiday season.

Transportation started with $80, I have $20 left. I will be adding another $80. This envelope is strictly for gas ⛽️, my commute daily to and from the office is 60 miles. I wish I could work from home just one day.

Recreation/pocket money has $95 left. I'm surprised with this. I thought for sure I would have blown through the $100 set aside in the first week. DR was right, it's a different feeling when money leaves your hand vs swiping a card πŸ’³ . You are very conscious about your spending. The upcoming budget period, I had to cut back in this category, due to all the upcoming CCs bills. I'll be adding $115 to this envelope. How I see it is, if I stay on this track, I'll have a nice chunk of change in this envelope and I could splurge at the end of the year. I'd like a new pair of earphones (wireless) and a new iPod.

Cleaning supplies started out with $25 and I still have $25. I'll be adding nothing to this envelope for the next period.

Only thing that gets me down and a tad bit discouraged is that the BF is not participating in the Financial Peace University activities. I need the class but he needs it more than I do. I've told him, I will NOT get married if his finances aren't improved. Just wasting my time but that's a different story.

Today I'll review my weekly spending, sew a few pillow covers for gifts, and do a little work for the office so that I can catch up.

Had a phone interview with a recruiter. Position is closer to my house paying about $15k more. She liked me and will be moving me forward to the hiring manager.

What's Happening in My World

October 6th, 2017 at 01:37 am

Things have been a little low key today.

Super busy at the office, one fire after the next. One of the girls offered to take me out for happy hour, she knows that I'm on a strict budget. Even though I budgeted $100 for dining out and entertainment for two weeks, I still said no. I didn't not want to spend my money on eating out. Dave Ramsey is really working on me. My co-worker insisted and stated she would buy so I finally said okay.

Upon arrival to Chili's 🌢 I ordered from the bar menu and ordered fries, a drink and wings, total about $17. I offered to pay for my meal, she insisted that I do not, so I left a $5 tip. I'm things worked out the way they did because I still have $95 to last me until next Friday. πŸ˜ƒ

After leaving chili's I filled up my car πŸš—, $27. I'm hoping that this last until next Thursday because I only have $20 left in this week's budget for gas ⛽️.

I've completed my zero balance budget for the next pay date. Things will be tight. I have a wedding (gift 🎁), two birthdays (🎁); Halloween πŸ‘»(🎁) Boss' Day (🎁) and refill on contacts. Because of all these up coming items that cost money, I had to cut some things short. For example, my dining out/ entertainment and saving contribution amount was decreased 😒.

Since I'm all about saving, I did a little research and found a cosmetology school that provides pedicures for $10 vs the usual $20. I'm going to give them a try.

Lastly, I have a phone inter tomorrow. I love what I do now and the people I work with, but the director of the department makes things extremely difficult.

That's all I have for now.


September 21st, 2017 at 04:55 pm

Today was a busy day. I'm working from home today but am able to get some other things done well. I'm really feeling accomplished.

I've updated my side bar with the exception of my savings accounts.
I'm mad at myself because I put CC 2 back in my purse and charged it up again. But putting things on paper hit home for me.

Last night I worked on my first zero budget and it was a struggle but I completed the second one for the next pay date in half the time.
I also created my cash envelopes, so that I can stick to the budget, once it's gone it's gone.

Financial Peace University: Week 3

September 21st, 2017 at 02:38 am

Week 3 of the financial peace class and it was tough.
Well I'm actually behind due to the hurricane.

This was my first time ever creating a zero balance budget. But by doing so, it really put things into perspective. The idea of telling my money what to do vs it telling me is so rewarding.

I actually put everything on a spread sheet vs the paper method, that way each pay date, all I have to do is key in the budgeted amount, the formulas are already there to take care of the calculations.

It has sadden me to say that the fiancΓ© has yet to participate, other than going to the class. I told him we are wasting our time planning a future when money is the number one reason for divorce as well as our problems. I can give you the tools but it's up to you. I've told him what he needs to do with his business as far as the mother not paying him, he refused to do anything. I signed us up for a class, in hopes to get things in order and he refuses to participate. There's nothing else I can do.

Tomorrow I'll review my spending thus far, create my zero balance budget for the next pay date, create my spending envelopes, balance my checkbook and update my sidebar.

For me blogging helped me out of debt the last time, I felt committed to the group. I know what to do but I think FPU will speed up the process.

On Track to Financial Peace

September 1st, 2017 at 01:14 am

Started Dave Ramsey's Financial Peace University at church two weeks ago and I absolutely love it.

I've created my budget and I'll using the Montana checkbook register method vs the envelope system. Today was pay day, and as my dad use to say, "the best time for a man to pay his bills is when he has the money."

So today I paid bills :

* $50 EF
* $25 church
* $152.12 car insurance (really need to look into getting this lowered)
* $450 rent
* $50 my plot bill ( wanted to be next to my dad)
* $119 JC Penny credit card ( really need to pay this off)
* $54 HSBCbank

I did not buy breakfast today or lunch so I'm adding $2 on a CC and $2 to the EF. Why the small amount? Well every little bit helps and I was able to pay my debt down this way.

Oh I should be going to court in October to finally get the approval to sell the house, fingers crossed 🀞🏾


June 10th, 2017 at 11:49 am

Today is the day that I clean out my closet. I have things that I do not wear, and need to get rid of them. The excuse for keeping them, I'll lose weight. Well six years later and I have not lost the weight.

I'll post photos later

I'm engaged!

May 13th, 2017 at 01:10 pm

So I recently got engaged πŸ’. I always said that I wouldn't marry my BF, he's worst than me when it comes to money. But this last year he has really stepped up. We haven't set a date because I want to make sure that we are both financially sound.

First thing on our list is to sign up for Dave Ramsey's financial peace university. The next class starts in June at the church. Can't wait.

After that we will do some spiritual counseling. Starting that in August.

Today we are meeting with an accountant to get his books in order. He's terrible at filing taxes. This is such a huge step for him. I'm super proud he decided to tackle this. I was so shock when I received the text to set up an appointment.

Next I've created a list of my debt and am tackling them one by one. The goal is to pay off three CCs this year. I'm tackling number two right now. Just $880 to go, yay!

We started a wedding fund, though we haven't set a date. I think it's great to start early. Right now we have $300 in less than a month. So as I say to him, if we can tackle the wedding fund we can tackle his taxes and my debt. It's our motivation. Honestly it feels good that we both want to enter into a marriage with no debt, and a peace of mind.

On another note, hopefully we can sell my dad's house soon and buy the villa we are renting. The attorney is moving a bit slow but I understand that patience is a virtue. What's cool about it, is that my fiancΓ© ( wow it's strange saying that) is okay with purchasing the house in my name, leaving it to my two siblings who are not creating a problem, if something was to happen to me. We'll just set it up so that he lives in the villa until his passing. Our rational is that it's my dad's money so it should go to my siblings, since I have no children.

We decided that once we buy the villa, we can stay there or buy another place and rent the villa out. The place in that we purchase together will be left to his children, since I don't have any and the villa my family.

Oops I forgot, we are pricing venues for the wedding and my goodness weddings are expensive!

So that's it in a nutshell. I'll be sure to stop back by

Oops have you all heard any thing from Julie (Ima Saver)?

Split the extra cash

January 21st, 2016 at 03:16 pm

Though I had said that any extra money received that I Woolf put towards the house, but I find the need to add funds to my CC debt as well.
Last night I received an extra $30 from dad, so I added half to the $20/52 week challenge and the other half to CC1

New totals
Challenge $1906,26
CC1 $1053.00

It's a struggle but I'm trying. Hopefully today will also be my first no spend day if the year and I can add $5.00 to my challenge.


June 9th, 2015 at 11:41 pm

Finally got CC3 under $300, new balance $285.50.

Dad gave me a few extra dollars and I always split this amount between CC and 52 Week/$20 Chalkenge. I was able to boost my challenge to about $1838 πŸ˜ƒ

I can say I'm doing good with paying down bills and saving. My sister called and asked to borrow $2,000, I'm so glad I said no. Normally I feel bad, and give in and then complain when I don't get my money back but this time I said no. Besides, giving her the money would have cleaned out my house fund and EF.

Fast forward two days and the BF tells me his cousin needs to borrow $2600 to pay the taxes on his home. Now he wasn't asking to borrow the money, but it sure as heck sounded like it. I just listened and didn't offer. I did take this opportunity to explain to him how important it is to save for rainy days.

I've talked about owning my own place forever and next year I want to make it a reality.

I've been applying for jobs that's paying more money. With a new job, I can save at a faster pace and pay down my debt more quickly.

Triple Crown

June 6th, 2015 at 11:27 pm

This isn't a blog on finances, today I witness American Pharoah win the Triple Crown. I'm so excited because I actually was at the Derby when he won. I was literally in tears. Though I don't know much about horse racing, I absolutely love the big races like the Derby, Preakness and Belmont.

Just thought I'd share, this was a bucket list item.
Here's my glass from the Derby

Where is my refund?

April 18th, 2015 at 12:49 am

Just checked the status of my refund, and I should have a deposit made to my account next Tuesday.

Not sure whose post I read, but I too will be using 75% of my return towards debt. I like that number, 75%. With that, I should be able to pay off two CCs, add $350 to my EF and keep $200 for the Derby. Not bad, I just can't wait to make those CC payments. Paying off the two CCs will free up about $60 a month that will allow me to pay off CC #3


April 16th, 2015 at 12:23 am

We play the lottery at the office and the team won $6 each. Of course I added my winnings to my CC debt. It's not much but every little bit helps. In addition to the $6, I also added an extra $10 to the CC as well $10 to the Challenge account.

Things are trucking πŸš› along and I am super excited about it. I really do believe that by June, I'll have three credit cards paid off and $3,000 saves for the villa I want to buy.

401K, Please Help

October 20th, 2014 at 03:05 pm

Hi all!

In December I will be eligible for my company's 401k. I'm not too aggressive but have no clue on where I should park my funds.

Can someone help me with this?
If so please send me an email at veronak@hotmail.com

What's happening today

July 11th, 2014 at 11:57 pm

Received my final check from Target and made the following contributions, every little bit counts:
β€’ 10% to EF = $30.68
β€’ 5% to IRA = $16.50
β€’ 3% to CC3= $9.40

I wanted to add the 3% off CC payment to my Target card but Target only allows you to make two payments within 7 days, so I applied the amount to my Bank of America account. I thought this was ridiculous, talk about keeping you in debt.

I also ended up eating lunch with my boss and colleagues. I wasn't too happy about spending the money since I had packed my lunch. One of the girls was fired today, so the HR director decided to take us out to try and smooth things over but I ended up spending $12 for lunch and $5 for a tip so I transferred $17 to my $20 Challenge. Ugh.

In the end that was it for the day as far as spending goes, I hope.

Now for my three things that I'm thankful for:
β€’ A running/paid for vehicle
β€’ Seeing another day
β€’ Not being homeless

My new challenge

July 7th, 2014 at 02:21 am

I've decided that no matter what I was going to break down/ allocate funds from my paycheck as follows:
β€’ first 10% EF
β€’ 5% of that balance to IRA
β€’ 3% of that balance to CC debt

For example $300 check
β€’ 10% = $30 to EF leaving a balance of $270
β€’ 5% of $270 = $13.50 to IRA leaving a balance of $256.50
β€’ 3% of $256.50 = $7.69 to be paid on CC debt leaving a balance of $248.80 in checking.

So I'm sure you get my drift , I just thought this will be a much easier way for me to save while living, I think, below my means

In the end, I challenge my self to save the above listed percentages.

I'll have to see how things go

Making strides

January 10th, 2013 at 07:07 pm

Well I just cashed in my change I saved up for 2012 and the amount was 51.77 so I paid $51.00 on CC 3 brining my balance down to about $18 Wink

I cannot wait until this CC is paid off and that will be next week.

I have never been so excited about paying off/down debt but I truly am. Next I'll be tackling CC4, the balance on that one is $1500 but I figured I should have it paid off in about two months, sooner if I get the $800 tuition reimbursement.

Okay I did it

January 5th, 2013 at 10:03 pm

I paid the $900 on the JCPenny card. The last statement there was a balance of $1069.10, I have since paid the minimum of $35 and now $900. If I'm not mistaken by time the new bill arrives the balance should be about $140, that is sure to be paid off. This would make three CCs in less than one month paid off, while working on CC4 that has a balance of $1500.

If everything works out and I get the $800 from my employer for tuition reimbursement, plus $120 for my mileage reimbursement, I can have CC 4 paid off by mid February.

Everything seems to working out according to plan, as long as I stay blogging I'll stay on track. I can tell you the truth, it sort of hurt to hit the send button for the $900 knowing that this CC hasn't been paid off but knowing that it soon will be helped a bit.

I was suppose to meet a friend tonight for dinner for her birthday but after spending the $900, $20+ at dinner isn't doable right now. I feel bad but as my dad would say " I have food in my refrigerator"

So for the $20 challenge/debt I am proud to add the $900 brining my total to $2647.36 Big Grin

Yay I did it!

January 3rd, 2013 at 03:06 pm

Woke up this morning and paid off CC1 and CC2 total cost for both, $1726.63; well worth it.

Next I emailed our HR department. I was offered tuition reimbursement but I have since changed my program degree and wasn't going to ask for the money. But a thought came you could use that money , about $800 to pay off CC3, so I asked. Now I'm just in wait mode, the least they could say is no and I wasn't expecting the money anyway.

So today's challenge a whopping $1726 Big Grin

Ended on a good note

January 2nd, 2013 at 01:55 am

Today ended on a good note. I am using ghee tablet, so I do not have my daily spending amount for today ( added to MS Money on the laptop).

I used the weighted hula hoop for about 35 minutes burning 207 calories.

I've decided to start slow and hit the gym twice a week , with a little cardio and strengthening.

$20 Challenge update:
$2 breakfast at home
$2 lunch at home
$2 dinner at home
$1 workout
$1 Bible read
Total $ 8.

Not bad for day one

Date night

November 25th, 2012 at 01:28 pm

Last night the BF and I had a date night, we really needed it. Dinner, my treat, was just a little over $30 and the movie, his treat, was $14 plus $3 for popcorn. I brought in my own drink. We saw "Lincoln" and I enjoyed it.

On a different note, he has managed to get himself screwed up again with his child support. I have told him time and time again to simply send an extra $100 a month to catch up but for some reason he won't. However, he can give his kids what ever they want (i.e. laptop, new cell).

I think it's hard for me to understand being that I don't have children but I believe it's okay to say no, especially when it's not a must.

So with that said, I'm back saving, paying down debt, and focusing on grad school.

I'm not sure what God has planned but I'm sure it's for the best.

Now I'm heading to the gym (3xs this weekend) and adding another $2 to the $20 Challenge (CC1 debt). So far this weekend I have paid an extra $6 on the CC. I figured, on average I should be adding an extra $10 a week that equals an extra $40 a month paid on the CC by simply going to the gym. Works for me Smile

Yay I Did It!

May 15th, 2012 at 11:51 am

Yes I finally sent my last car payment to Bank of America!!!!!!!!!!! I am so happy, for one, its a purchase I did on my own (no cosigner) and even when I was unemployed for close to a year I managed to keep up the payments. I am so happy I am about to explode. OMG!

On a different note, the step-daughter finally washed her clothes. I had a little talk with her on Thursday of last week, but it doesn't help that the BF wants to be her friend vs. her father. They're both works in process but I have notice a few changes for the better

Now I am focused on the CC debt, and a new job now that the car is paid off.
My current job requires a lot of driving and I do not want to put too many miles which causes additional maintenance, with no raise mind you, on my car

New Year

December 31st, 2011 at 05:12 am

As the new year approach us, I haven't really thought about what I'd like to accomplish for the new year, but here it goes.

-Pay off auto loan (Balance $1700)
-Pay off 3 CCs (Balance $3500)
-Move (I really want to be in my own place by the end of the year)
- Save an additional $1000 (EF)

I think if I keep my goals at a minimum, it will be less stressful and much easier for me to accomplish. Yes, I have more CC debt than listed but getting rid of the first three earlier in the year will make it much easier to pay off the others.

Moving forward, the Heat won tonight so $1 was added to my challenge/EF. In addition, I had lunch, breakfast and dinner at home so $6 was paid towards my challenge/cc debt.

Lastly, I purchased some really nice Gucci frames today. I always wanted really nice glasses. Anyway, I had about $306 in my Eflex account and my new glasses cost $305. I actually make no contributions to my Eflex, all funds were supplied by my employer so my glasses cost me zero dollars Smile

February Goals

February 1st, 2009 at 04:36 am

Going along with househopeful, I decided to post my goals for the month

[]$100 EF
[]$100 House fund
[]$100 Additional principal payment(car)
[]Schedule annual MD appointment
[]Reschedule dentist appointment for March
[]Go to the gym at least 3 times a week
[]Pack lunch and breakfast everyday
[]Extra $300 on CC
[]Finish taxes
[]Try to stay positive
Wish me luck