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
Viewing the 'Goals' Category
One thing I like about being an admin is that I'm able to view my check five or so days before payday.
Well I'm not going on the family 👨👩👧👦 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 ✈️ 🌴
I did some researched and found a refurbished HP laptop 💻 at Walmart for $139. So just two pay periods away and I should be able to purchase one, cash 💰. In the past, I've always put these items on a credit card 💳 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 💻 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 🤦🏾♀️
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 🚗 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 💭 you did this at your home? Though I contemplated taking my car to him to save money 💰, 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 💵
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 💰 (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 😊.
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 📚 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 💳 use, ridiculous.
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 🚗
Thank God I was not hurt or my car damaged, I just fixed this stupid bumper. 🤦🏾♀️🙄. 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
Well I finished my second book 📚 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 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 🙄
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 🚗
3. Paid off 3 CC 💳
4. This group
5. Time spent with dad
6. Eyes finally open about my finances
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
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 🤦🏾♀️
Proud to say that I've won with money this last week.
One, I paid off a CC 💳; two sold an item on offer up for $15; and lastly packed water, soda and a fruit cup in case I got thirsty or hungry while taking a two hour drive. Packing these items saved me from impulse buying.
How did you win with money this week?
I'm at work and my coworker is talking about how he just bought this watch (making payments mind you) and how this watch can do everything, you can even have the face, for a price, changed into a brand name item, like Gucci or Louis Vuitton.
Normally, I'd be all over it looking and saying that's nice, even considering buying one but this time I thought how stupid and a waste of money. He even talked about how he had bought a new phone. It took everything in me not to say anything.
Later he brought up the watch again, when it was just he and I, I told him what a waste, you just wasted a part of your retirement and some of your kids college tuition.
The next day, he's talking about this watch trying to justify his purchase, he goes on to explain that men have to have things that make them feel good. I told him, he owes me no explanation and that he can do whatever he liked with his money. I said to him, when you look at how you spend your money, you see what's important to you, and that having nice things, brand names etc are important to him. However being debt free and retiring early are important to me. Neither is better than the other, it's just ones perspective. I apologize and went back to work.
My goal is to pay off two more CCs 💳 and start my 401(k) contributions back up at 8%.
I'm struggling right now because, as soon as I bump my sinking fund, something happens, car repair, tooth and it's back down. I know that I should be using the EF but I just don't want to. I feel good about paying cash for things.
I'll be finishing up my taxes today. I'm looking at about a $1300 refund, I really wanted to throw it all at CC4 but, car insurance is due and my sinking fund is low, so I have to use a part of that money for the car insurance. Plus, I have to fix my tire rod(?) that's another $200 maybe. So all in all I'm looking at maybe just over $700 on CC4. This sucks.
However, I can keep budgeting each month my car insurance, pay $1000 on CC4 knocking it down to about $850 and keep $300 for the tire rod. If I take this route, rather than starting the process of paying the car insurance every six month in April, I'll start in October. I think this option gives me the most satisfaction because I've knocked this CC down, and that's where my motivation comes from, seeing that debt going goodbye.
Finally CC3 is gone! This was the City Furniture bill, over $6,00 in furniture that the SO only help pay twice, I think, once I know for sure. Never again, will I finance furniture. What I have now will last me the rest of my life. Lol
I went to bed, and dreamt about paying this card off today. It's pay day so I'd budgeted to have this bill paid. Good thing about it is the new bill actually generated last night that included any finance charges, so no surprises next month.
OMG! I'm finally free of this debt. Onto CC4, Target Visa. I should have this one paid off by the end of March. My goal was to pay off one CC per quarter and it looks like I'll have two in the first quarter of the yearpaid off.
In other news, my sister called wanting to know if I'd pay the closing cost, if she purchased my dad's house, I told her no. I'm not getting into that, you want it, you pay for it
I spoke with a loan officer, and she told me to hold off from paying my debts off too quickly, I thought this was weird. If I have the money, I'm paying them off
I'm so excited, CC3 will be gone tomorrow.
I'm very OCD and believe that God should get what is his first, so I wrote my check out for my tithes that way when my check hits tomorrow, I can simply log in and pay off CC3. I can't believe it, three CCs paid off in less than one year. Though I didn't really get serious until about August. With my tax return CC4 will be gone. Wow!
Imagine if I had been gazelle intense before, what I could have done.
I started working on the 2/28 budget period and realize I have about $100 extra, Dave is right, you knock these debts out and it feel like you received a raise.
Hi all 👋🏾
It's been a minute but I have a lot to post.
Finally went to court and got the approval to sell the house. Could have sold it to the investor the same day but my big mouth sister got up and started crying and carrying on so the judge opened it up for bidding. Now I have to wait 30 days for offers and close with in 45 days. 🤦🏾♀️
Next I fell off the wagon with my budget, buying planner stickers 🤦🏾♀️
I finally got around to starting my taxes and it looks like about $1500 will be received, I'll finalize everything this week but if that's the case all is going to CC4.
This week, thank God CC3 should be paid off. I worked in this next budget period to knock it out. I'm so happy this mess will be gone.
I met with a realtor regarding the condo and what the owner is asking, she informed me that the $140k is below market price so it looks like this is the place.
I started my February non-fiction financial book and it's pretty good. It's Michelle Singletary's 21 Day of Financial Fasting.
Lastly, my manager was fired so literally we are on our fourth manager within one year smh. I had to start the process over asking for my raise. I was told that I should know by the end of the week, prayers please.
That's it so far
$200 for my dental 👨🏾⚕️ appointment. I'm okay with this because one, I paid cash and secondly I did not need a root canal. My tooth that I thought I cracked was a filling that fell out. But geesh, $200.
I'm glad I started the sinking fund but I'm like geesh! I know this was an emergency but I figured, the fund is for medical, car maintenance etc. I've also bumped what I add to this account by an extra $20 a month.
Next I looked at my pay stub, we don't get paid until 1/31 and I have admin rights, I noticed that due to the new tax bill I have an extra $40, I've never been so happy for an extra $40 in my life. Though I can't stand Trump, I am happy to see a few extra dollars; however, I do think that down the round we will feel the impact of this instant gratification.
After reviewing my pay stub , I reworked my budge for the 100th time. In doing so I noticed that CC5 was due (for some reason I decided to check my balances). I thought that this was strange, because I usually pay this bill really early. Long story short, I soon realized why I had over a $100 buffer in the checking account, the bill wasn't paid. Reason being is that, we got paid early and the new statement hadn't posted, smh. Anyhow took care of it and reworked the budget again 🤦🏾♀️. By redoing the budget, paying CC5 I now had money to pay more than the minimum on CC3, thank goodness. This really worried me.
SO other came in and told me he finally got his license taken care of. He mentioned an incident with the ex wife, I basically said, why are you complaining it's not like you're going to take care of it, everything is always late with you. His response was, "he didn't need the negativity" mine was, me either. Too long of a story to explain. Quit complaining and do something about it.
Aldo's run today wasn't so bad.
I picked up paper towels for about $1.20 less than Wal*Mart, a bottle of salsa for dip, about a dollar less and cream cheese about $2 less. Saving about $4. Not bad
There was a time that buying generic was a big no no for me, not anymore. It makes no sense to pay for a brand items that are just as food as off brands. I forgot to buy Lysol wipes for the counters, I'll just improvise.
For my birthday my coworkers got me a birthday cake and then the SO bought me one, so I'm stuck with two cakes 🎂. I decided to have friends over tonight for cake. Normally I'd go all out get some appetizers but not tonight, it's just cake and wine with a little dip and chips. I made sure I told everyone we are just having cake.
Other news, I've been using my planner a lot lately, and it's been helping with getting things done. Cleaned, shopped and read all before noon today.
Now it's time to relax before tonight's get together
Rolled my coin today and have $27.50, this is great because I've already paid tithes on this money.
I only need about $3 to have my BS1 back up to par, so I'll add the money for that.
I was thinking about adding the difference to CC3 but I think I'll add it to my sinking fund. I have the car insurance coming due in April and another pre-Dave event that I paid for early last year coming up 🤦🏾♀️🙄.
I posted the tennis hopper with balls for $15 for sale, hopefully it sells. I have three more items (2 pair of jeans 👖 and one dress 👗) to post. I'm slowly but surely decluttering the house 🏡, while hoping to make some money.
I also, applied for a job today. I've exceeded my goal of two a week. Hopefully the right job will come along. I'm looking for a great manager, close to home and decent pay.
Update: received a response on the camera I posted for $40. The buyer wanted to meet at the mall but I said nope, police station only. She agreed so we will be meeting later. $40 to the snowball or sinking fund 😊, not sure yet. I'm just glad that I was able to tentatively sell an item. $4 of course will go to tithes.
Just thought about it, I have to add the funds to the sinking fund. Chipped my tooth last week and have a dentist appointment to have it fixed. Last night it started to give me a little trouble
Well I finished my second book 📚 of the year, "The No Spend Challenge Guide" by Jen Smith; I like this book, it was a pretty quick and easy read, took me one day to complete.
The author provided a few great tips for saving and earning money, that I've highlighted and will try.
Next on my list is a non-financial book, "Fire and Fury."
Though I normally do not share my political views, I consider myself a moderate conservative, and no fan of Trump. I didn't like him when he was a democrat and I don't like him as a republican, but this book is one I'm interested in.
Goal is to read 12 books with year, all non-fiction, a first for me because I normally read fiction
Finished up "Why You Need a Budget?" and I really didn't care for it. I felt like the author was basically selling his product, YNAB. I can't imagine paying someone to creat a simple budget spreadsheet.
Well at least I have my first book of the year in, and starting the second , "The No Spend Challenge Guide" by Jen Smith. This really is a guide, 99 pages, so it's a quick read.
Goals, read one non-fiction (financial) book a month (12 books 📚).
I spoke with the rep over at the graveyard and I can give up or transfer that plot to the SO, thank you Jesus!
Only bad news is that we can only make it on the weekends and she's out this Saturday, but I'll be there bright and early on the 27th. Unless he's off Friday, I am, we can go in then. Two years fighting with him to pay his bill on time and I finally just got the nerve to say enough.
Cable was back off yesterday, because once again he did not pay his share. When he comes home tonight, I'm calling the company to see if we can transfer the service to his name, that way I'll give him the money and what ever he does is on him. Literally the cable is off every three months.
I'm counting down the days when I can say, I no longer need a useless roommate. Court scheduled for next month.
The last few days was a no spend day. We went out for my birthday (today's my birthday) for lunch yesterday with coworkers and I spent $10. Not bad but I'm still upset about spending money, I'm always like, I could use that for debt. But oh well.
I'm off for the next three days, so no spending money for me and I'm excited. Not driving a hour each way to work will save me a ton in gas ⛽️ as well.
Now I'm just waiting on W2s and 1095s to file my taxes, any money received will go straight to CC4. Hopefully I'll have number three (3) paid off by mid-February.
Lastly I'm wrapping up, "Why I Need a Budget," it's okay but I'm just not overly excited about the book. I personally didn't like the fact that the author pushes his product, YNAB. One thing that's in the book that stands out for me is the mantra, "debt is not option." I'm going to plaster this all over the place, in my car, on the refrigerator, my wallet, my money envelopes, I want to be reminded that debt is no longer a option.
That's it in a nutshell
I was able to cash the check, thank goodness, this was a nightmare (see Sprint post) and glad it's over.
After paying my tithes from the check received, I can add about
$190 to the EF bringing the total to about $994 just $6 away from my mini EF.
I was so stressed out last week about taking the money out of the EF; however, I'm a true believer that it was all God. I made it a point to pay my tithes with every extra income I had received and though I'm upset for a few minutes when things occur, a calmness then comes over me. The only thing I'm anxious about is getting out of debt and saving money.
Today we're having a chapter meeting and was asked to provide non-perishable items. Normally I'd go out and buy items, I simply took what was in my cabinet that I have not used and don't plan on it any time soon, and bagged it all up. Loving this being intentional with your money concept.
Annoyed as all get out.
My boss has not said one word to me about my salary, I was suppose to know something last week.
I finally received the Sprint check for the full refund, they did not charge a restock fee but it's written to my middle name. Hopefully the bank will cash it. I can throw this money in my EF and that will put me back at the $1,000.
Today was payday, and I was planning on paying off CC3 but since the whole break thing, I couldn't, so I'm bummed about that.
I realize today that the woman never called me back about the plot, so it's on my to do list.
So that's it in a nutshell, hopefully things will start to look up.
Made my first sale on Offer Up. It's a sweater I bought about 10 years ago that I never wore, and it's been sitting in my closet waiting on me to lose weight. 🤦🏾♀️🙄
I sold it for $10, so this will go towards CC3. I'm meeting the buyer at the police 👮🏼 station for the swap.
Patience pays off.
Whew with the money SO gave me I used and paid $90 on CC3 , new balance $299.00.
Now I'm just waiting on the Sprint check to come to hopefully pay this sucker off. No more financing furniture for me.
My boss is suppose to be submitting a request for a raise for me, we will see. I do have an interview next week paying more and closer to home.
What a day!
Completed my daily devotional, went to church to serve for a bit.
Tried taking those earbuds back and was told to comeback because the store did not have cash, what!
This so annoyed me, going back tomorrow. Stickers for my planner, and went to both Aldi's and Publix.
All items were budgeted so I'm okay with it.
Tomorrow I'm back to the office. The good news for me is that mean/idiot woman of a manager was let go today. Though I hate for anyone to lose their job, she needed to go. I'll be asking for my raise that she cheated me out of.
SO other keeps bugging me. I say to him, when are you going to figure it out that I'm not happy? Until this foolishness of wasteful spending is under control and my expenses that you're responsible for is caught up it will never work. I tried having a conversation and he just walked off, saying "okay". WTF!
I then say this is the issue, you never want to talk about finances that is the problem that I have with you. 🤦🏾♀️🙄
Tomorrow I'll be retiring those stupid earbuds and adding to CC3 hopefully this will knock it down to about $239
Out the blue SO came over said he wants to get married and he understands my frustration. He says he heard me the few 100x before. He goes on to say "are you sure you want me on this ride?" I explain it's not about me. He has to want better and live better and that it's up to him and I will not marry, or continue to live like this. I'm done, you can say what you want but actions speaks louder than words. I guess he's thinking it's my birthday and I want gifts 🎁 . Only gift I want is the debt gone.
On to other news, a really good friend sent an invite for a birthday bash on a party bus. Though I would love to go, I'm not. It's $30 for the bus and then I would have to turn around and provide a gift. Nope not doing it. I'll regift a bottle of wine 🍷 that was given to me, and say happy birthday. I'm done ✅ with doing things that throw me off track.
I did it, I used the buffer in the checking account and paid $112.67 on CC3 to knock the balance down below the $400 mark, new balance $399.00.
I'll admit I'm nervous about not having the buffer but, I want this card 💳 gone! Over $6,000 💵 in furniture purchased with no help, as promised, to pay for any of it. And now, today, it's just under $400. OMG! I thought I'd never pay this bill off, now it looks as though late January I can say goodbye and good riddance.
Next on the list, is to head over to the grave yard and remove my SO account from mine, I'll even eat the cost if there's one to get his name off. For about eight (8) months when we first purchased I paid, I finally had a breakdown and he started to pay but he's always late. I told him I was not going into the new year with this mess, his mess. I'll be lying 🤥 if I didn't say a part of me feel bad 😔, but it's the right thing to do, other wards, I'll begin to resent him. It's for this best, especially for the move.
Last night we were chatting and I'm not even sure about what and how the subject of money 💰 came up but it did. I said something to him along the lines of, " do you realize that if something was to happen to you, that I couldn't take care of you or me?" He then said, " I could do it." I said, "How? You have no money saved and you pay nothing on time." He then said, "wow talk about putting me down." I felt bad but thought 💭 , why? It's the truth. If he got hurt and couldn't work, there's no way I could take care of both of us. Hell when I wasn't working, I depleted my savings because he couldn't pay the household 🏡 bills by himself let alone my other bills.
It's a tough journey but I have to stay focus.
Instead of saying I want, I'm now saying I will retire at 57. Plus you all do a good job at not sugar coating things, and keeping me accountable.
Good riddance CC3 and plot!
Bought my one ticket for the season game, SO didn't give me his money, but he has until the 5th to lock in at the current rate. Either way I had my money so I bought my ticket. I was thinking about holding off purchasing the parking pass, but opted to go ahead and do so since I budgeted the money for it already.
Honestly it felt weird, only to buy one ticket, not using a credit card and sticking to my guns. However; I realized that the only way he'll take what I'm saying and doing seriously is if I actually show him that I mean business.
I went ahead and transferred the $74.33 from the EF to my checking account to apply to the CC, new balance $511.67. I'm waiting on some things to clear, and making sure nothing pops up before I use some of the checking buffer funds to knock this card down to about $400. I want this thing gone.
So far I've posted 3 items dirt cheap and no takers, ugh. I'll be posting at least one item a day, as I declutter the house. Hopefully I can get some takers.
Lastly, I received a free calendar from the grocery story. I'm going to stick this to the refrigerator and note when the joint bills are due, that way they'll be no excuses. Not sure why I haven't thought of this before.
New budget period started today. Added the funds to my sinking fund ($117.70 first time ever), I couldn't help but wonder if I should add this amount to CC3. I did pay an extra $114, knocking CC3 down to $586; however, I want this thing gone!
If I add the sinking funds to the CC debt instead of saving, I could have this credit card 💳 paid off by mid-February. My 2018 goal is to pay off a CC each quarter, so I know that this will be gone soon. However, the drawback of using the sinking fund is that, I wouldn't be socking away the car insurance, and will continue to pay monthly, that I hate. In addition, I wouldn't be putting away for car maintenance, dues, and Christmas/birthdays. What would you do? Put the money towards debt, and then catch the sinking fund up? Or keep adding to the sinking fund, while paying extra to the debt?
This has been one heck of a year but as I look back at it, I'm proud to say that I've paid off two credit cards, have not accumulated any new debt since about July, saved a $1,000, created my first ever budget in August and have been sticking to it ever since, cash flowed for the first time ever Christmas, and kept track of my spending since August.
I was feeling drained but I'm actually going into the new year with a BANG 💥. Goal is to pay off one CC each quarter and I'll have CC3 paid off more than likely by the end of February.
For the new year, I've chosen the word gratitude as a reminder that I should be thankful for what I have as I work through paying off debt. I've added it to my planner, and I'll be adding to everything else( e.g. Mirrors, computers).
So after the good laugh, things went a little sour, for me anyway.
The SO other bought me some PJs from Victoria Secret, two pairs for about $50 each. Trust me I thought about asking for the receipt and taking those back.
So I showered and put on a pair. He comes out and start rubbing on my back saying things like, "don't that feels good, nice and soft. Should I have gone to Walmart and bought you a cheaper pair? Should I have taken these back?" I immediately began to feel bad. I bought him his PJs, $5 at Penney's for the bottom and $5 for the top at Walmart.
I then said to him, "you don't appreciate anything nor do you understand the struggle. I'm in debt, and I no longer want to be!" This whole thing, really got to me, to the point I had to write in my planner, "let no one make you feel bad enough that you lose focus. Retire at 57!"
I'll be the first to admit, I'm sad, disappointed and a tad bit discouraged. Every year I use credit card to purchase things for him, I honestly didn't want to exchange gifts. I told him that and he insisted. This was the first year I cash flowed Christmas as was feeling great about it and here he comes with the negative vibes. My birthday is next month, I'll let him know not to buy me a thing; however, if he insists I want cash.
Fast forward, we realize that our cameras aren't working. SO other calls a friend who tells us that we have two choices, call Samsung or go o Amazon and buy a box.
Well after the friend leaves, I tell him, I'm not purchasing a thing. I'm still paying on the CC from 2 years ago when I purchased these cameras that he shows every Tom, Dick and Harry when they visit and haven't given me one cent on the purchase. I can guarantee you, he won't replace the box, he's broke from Christmas. I can replace with my buffer funds but won't, I'll be replacing when I move. I wanted to say, those $100 PJs don't look so nice now don they?
Woke up this morning setting goals and crunching numbers.
After listening to the "Millionaire Next Door" I realized that I'm broke. I knew I was broke but not BROKE! If that makes sense.
Here it is my goals, it's going to be tough but I can do it!
Life Time Goal is to retire at 57.
My 2018 Goal (yearly) is to pay off four ( 4 ) CCs 💳 by the end of the year. Basically one each quarter. The total amount due on the four (4) lowest CCs 💳 is about $6867. To pay four off over the course of the year, I need to throw $286 each pay date to the CC. Back to crunching my zero based budget for the next two pay periods. I got to find the money somewhere. What's good about this is CC3 should be gone by end of January freeing up some money. And then a little tax return to throw at CC4 to free up some funds as well.
My first monthly goal,January 2018
is to not eat out, for anything, that includes, breakfast, lunch, dinner and the vending machine at work. No dining out, period.
My daily goal is to check off an item on my chore list daily.
Next I realized that my sinking fund is missing some items 🤦🏾♀️🙄. I decided not to add those items because I realized by doing so I won't pay off any debt. I just need to learn to budget those items in.
$1200 car insurance
$600 Christmas (includes gifts and holiday party)
$500 car repairs (e.g oil changes)
$425 Sorority Chapter Dues
Yearly Sinking Fund Total $2,825
To be Deposited each pay period, $117.70
In other news, SO.
For Christmas be bought me these $200 ear buds, $100 perfume I like and maybe about another $100 on PJs from Victoria Secret. He gave me the gifts in front of his mom. I really hate when he does that because it means I have to open them. Well I feel obligated to.
Long story short I did not want to open the ear buds, his daughter ended up opening everything and putting it together. I knew if it was returned there'll be a restocking fee. When we got home last night I asked him what he paid. He gave me the receipt, $213. I told him to take them back. I said to him, there's a past due cable bill again, rent is coming due and just the other day he said he didn't have any money. Well he tells me he's not taking them back, that he was alright and wanted to do something nice. I'm like he just don't get it.
Today he took ten people, well nine (I didn't go)to breakfast because his dad use to do it when he was alive and now he feels obligated to continue the tradition. This cost about $180 plus tip, so call it $200. It's ridiculous; but I can't tell him how to spend his money, I'm just not going to participate in rubbish. I have an interview today and used that as an excuse.
Prior to leaving, he tells me he had a dream that the mother's car was repossessed. Well we know she's just as bad at paying bills as he is. I asked him if he paid his mom's property taxes, he said yes then goes on to tell me how difficult it is to run two households. I don't say a word at this point, he refuses to sit dow create a budget and take over the business. I'm not sure what he's going to do, this will be the first year he pays taxes. He has yet to meet back with the accountant to go over things. It's going to be an eye opener for him. As for me, I just start back looking at my goals and crunching numbers, not much else I can do.
Hopefully with a new job paying more I can make some traction.
While the SO other was out shopping, I was completing my financial/budget planner. I absolutely love it. I really wanted a Happy Planner (HP) but opted to create my own. The HP and its add ons are so expensive and adds up.
I found a calendar at Michael's with stickers for $10, bought card stock paper at Walmart $4, a cute binder from Target for $4 and printed from home. Yes I spent close to $20 but these items will last me until next year. With the HP items I'd be purchasing every other week. Plus with me actually taking the time to create, I think I'll be more committed.
So looking forward to 2018 and financial peace.
I received my new statement for CC3 and my minimum payment was reduce but I'm still paying the same amount each month until this thing is gone.
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