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First Dave Job

December 8th, 2017 at 11:06 pm


Got my first Dave job!

It's been on my mind to start a cleaning business. My mom had one when I was a child and I hate to admit it but I hated when she cleaned houses. I always wanted her to have a "good" job. Now that I'm older I realize it was a great job. She earned a honest living, we never went without, and she bought a modest home, not to mention she retired early. If I know what I know now, I would have kept that cleaning business going.

Well a friend posted that she was looking for someone to clean her office, and I jumped right on it. $20 a hour, should take me a hour but hey. It's a start. I'm hoping that this would be a weekly gig. I asked her to refer me to others.

God really answer prayers and open doors. Feeling so thankful

Millionaire Next Door

December 7th, 2017 at 01:12 pm

Listening to the "Millionaire Next Door," has truly opened my eyes. My God, at my age, my net worth should be about $206,000 and I'm nowhere near that. Ugh I'm so embarrassed.




My goal is to pay off these debts in the next year or at least have 80% paid off by the end of 2018 and to sock away 25% of my income.

The book discusses to set the following goals:
* Daily goals
* Weekly goals
* Monthly goals
* Annual goals
* Lifetime goal

I've listed mine below
* Daily - apply for a new job
* Weekly- complete a task similar to those of the Millionaire Next Door
* Monthly - reduce CC debt by 25%
* Annual - Pay off at least four debts
* Lifetime - visits all 50 states

Paid Down CC3

December 6th, 2017 at 01:22 pm

I don't know why but it was bugging me that I had hair money and not applying it to the snowball. So I paid $40.05 CC3 brining the new balance down to $920

Can't wait to receive my retro pay, so I can get the CC out of my hair.

Vacation Temptation

December 4th, 2017 at 05:56 pm

Temptation is a real thing and we/I have to stay strong.

So last night the significant other came home and mentioned that he wanted me to look for a hotel in Naples or St. Augustine for us to take a vacation over the holiday break. He said if I didn't want to do it, he'd do it. I thought about it and said okay, because I'd love a vacation. This is the first year since we have been together that we haven't taken one.

Fast forward to today. I started thinking a hotel over the holiday will be about $120 per night, that's about $480 for four nights. If we rent a car, that's an additional $300, so call it $800 total to go on this little vacation. I currently owe $960 on CC3, wouldn't it be better to pay off CC3? Hell yeah!
When he comes home tonight, I'm going to informed him that I did not look for this hotel or rental and that I'd like the cash to pay off my CC. That will be the best Christmas 🎄 gift 🎁 ever.

I called the bank about the $12 bounce check fee and am waiting on a callback. So we will see. Update, I got the $12 back. It was Chase Bank that returned due to the time frame. The bank rep suggested that I call the bank for a new check. Thanks for the tip everyone.

Today was a no spend day, so this is my third day 😊. $3 so far will be added to debt snowball at the end of the month. No frivolous spending for me.

I realized that my end goal is to retire at 57. That's just right around the corner but it can be done, so long as I live like no one else.

Finally Reduced the Cable Service

December 3rd, 2017 at 12:02 am

I normally budget $80 for groceries , I'm thinking about reducing this since I always have money left over each budget period.

This new budget period, I had budgeted $70 for groceries, but I'm going to use $20 for a gift card for the single ladies at church.

I was trying to cancel/reduce some of the cable services. I see that the SO is onboard now. I told him I was going with the lesser plan other wards he can pay the difference. He said to do what ever makes me comfortable. I informed him that I'm good with what ever he decides and to just know I'm not paying for the premium channels for cable. Needless to say he told me to cancel. The bill is still high but it's much cheaper than before. I was told that we'll get a $43 credit on the next bill, that should bring the first bill to $94. Split by 2 that's about $47, yay 😊. The difference of about $67 I can add to my snowball.

Between the two of us, going forward after the credit, the new monthly bill should be about about $80 a piece. The extra $30 I'm saving every month will be added to the snowball. I'm going to look at getting a Firestick, so that I can cancel everything. I'm feeling accomplished.

I had to call Att&t twice to get this done but I hung in there.

Oil Change Savings

December 2nd, 2017 at 01:34 pm

Budgeted $65 for an oil change, had a coupon for 3k miles for $19, total with disposable fee is $24.03. I figured even if I got an oil change in another 3k miles it's still cheaper than what I would have paid for the 5k mike oil change.

$41 is left over and I know I should be adding all to CC3 but I'm dividing it up three ways, 10% to the EF, the next 10% to the sinking fund and the rest on CC3

Here is the break down
$4.10 EF
$3.69 sinking fund
$33.21 CC3

New balance on CC3 is $960.05. 😊

I know I know but I keep hearing my dad say, "Amber, what ever money you get, put a little up, even if it's ten dollars. Once you see it get to a certain point you're not even going to want to touch it." He did something right, retired early, rental property etc.

Update to this post, ugh.
Just was told that there are a number of things wrong with my car 🚗 . I need to replace the timing belt, gasket, mounts, and some miscellaneous stuff. Total estimate is $1,020.73, over my EF 😡. This I'm sure is accurate I haven't replaced any of the things mentioned before.

I had to take $25 out of another envelope because the place where I got the oil change did not have change. I guess everyone uses credit cards 💳 . Well I went to Walmart to get change for a $100 and was told by the cashier that she could not open her till. I purchased a pack of gum, then returned it so I could get the change and boy was she mad. Oh well no need to spend money on an item I don't need.

I'm putting off the car repair until January. Only reason is that I'm due a two percent raise that will be retro'd back to July, the end of this month, and I should see a couple of hundred dollars. Murphy sucks but hey. Just glad that I will be able to cash flow the repairs vs using a credit card. I've got to look for coupons on the repairs and maybe get an estimate elsewhere. As I'm typing this Jack the mechanic at the shop hands me his card and says he does side jobs if I'm interested. That made me feel a little better but I don't know.

Oh and the $30 spent on the game that the SO was to give me his $15, well he's not going because he's working today and I never got my $15. Lesson learned, get your money up front.

Wow He Pullef it Off

December 2nd, 2017 at 01:10 am

I couldn't wait until Sunday so I pulled next week's debt BINGO number and that number was 20. I applied this amount ($20) to CC3 and got the balance down to $999.26. The goal was to get this debt below $1000 before the end of the year. I'm so excited. My new goal is to be at $500 by the end of December, with a pay off in mind for January. I can't believe that I would have three CCs paid off by the end of January.

I hate I fell off and racked up CC2 the late part of this year but at least I got back on the tracks and am trucking along.

I noticed the SO seems to be really down. I don't push the issue any more about the budget and getting on track. He's paid out this week almost a $1,000 and and I think he is feeling the pinch. Today the rent is due, along with the electric, water and plot. I normally feel bad asking but it is what it is. I need the money to send off the payments. When I get home today, I'm simply going to ask him for the money so I can drop the checks in the mail, not my problem your mother is running a business and not paying you.

Update to this post.
Today was suppose to be a no spend day, the free blue Berry pancakes 🥞 were disgusting so I ended up spending $4.53 at the office cafeteria. Next I had a craving for a soda so that cost me $1.50. I added $6 to CC3 for the wasteful spending, new balance $993.26.

The SO came home with his share of the rent, electric ⚡️ and water 💦 bill. I was actually floored and was tempted to ask how he had pulled it off but opted against it. I ask and then there is a sob story making me feel guilty, I then say don't worry I got it until XYZ ,next thing I know I'm annoyed. I'll pass, give me your money and I'm done. I'll remind him that the plot bill is due (6th).

Patience + Budgeting = It Works

December 1st, 2017 at 10:33 am

I'd budgeted $65 for an oil change, glad I waited until the next budget period to do this. Tire Kingdom sent me a Black Friday coupon for $19 plus $3 for a disposal fee. It's 3k but hey, I can add the extra $40 saved to CC3. My goal is to get a job much closer to home so that I can reduce the maintenance on my car.

God is right, patience pays off. Everything I've waited to purchase until I've budgeted for it, the price has reduced. It's hard but I read something that said, stop waiting on the elevator and take the stairs.

Cash envelopes

November 29th, 2017 at 11:31 pm

Balancing my cash envelopes and I had a total of $187, here's the break down:
* recreation $24
* Personal $25
* Groceries $88
* Cleaning $11
* Transportation $39

I added $1.01 of change to my change jar for a new balance of $19.12

Today was a no spend day, so a buck was added to the snowball fund. Hopefully tomorrow is as well.

This budget period is a little tight, so I'm rolling over the $39 in the transportation envelope, the $24 in the recreation envelope and the $11 in the house envelope.

$113 will be added to the holiday party fund. I know a holiday party? This was something that was already planned pre-DR, nothing else (cash) will go to this. We generally have a few friends and family members over to the house the weekend before Christmas, we eat and play cheesy Christmas games. The good news is that we have drinks left over from last year, and crackers left over from the hurricane supply.

I'll be creating a list of items to purchase and sticking to it, spending only whats in the envelope. This is something I, personally would like to continue and I'm sure next year I'll be in a better place. I would cancel but we have people who have already booked to come down months ago.

Other news; the SO went to court, the ex wife changed the child's address at school and presented it at the courts as if the kid lives with her. Smh because the SO was told in August to bring the documents in and the child support would stop, he had the document but he was too lazy to do it. Honestly as he was telling me, I didn't even feel bad, I was thinking when will you finish so I can balance my cash envelopes?

He said he had to pay $500 court cost, personally I didn't care and was thinking oh well so long as you have your rent I'm good. I don't know, I'm just at the point that I want this debt gone so I can move.

Went on the interview, thought it was strange the guy only ask why should he hire me. Oh well it is what it is. I'll keep looking.
I reached out to a friend who works with small businesses to let him know that I am looking for some cleaning work and to keep his eyes open. I either need to get a new job with more money or get a part time gig to pay this debt off quick.

And I'm not even considering

Paid down CC 3

November 28th, 2017 at 09:37 pm

So the checks cleared, super excited.

I deposited $8.50 to the EF
$3.83 to the sinking fund, and then paid $72.68 on CC3, my new balance is $1024.91 😀. The goal is to have the balance below the $1,000 mark by December.

I really think that this will happen, matter of fact I know it will, Thursday is payday, and I've budgeted an extra $67 on the snowball😀.

I really feel like I am making some traction. One of my colleagues wanted to go out for happy hour, I thought hmmm why not but then I said nope. I have $25.50 left in my fun money and I've decreased this amount for the next budget period so I'm not wasting it on dining out when I have leftovers.

I'm trucking along solo. I asked the fiancé if he was ready for the budget meeting last night, I was planning on asking those questions I think Credit Card Free, DW or Out of the Dark had mentioned and he said no. Oh well, he can't say I didn't try and that he wasn't told that I was not marrying him if his and/or my finances weren't in order.

I can say this, when you have a budget, pay your tithes and stick to the plan, the raise you've been wanting and haven't received is no big deal. Things are falling into place and I'm excited. I know I have a little way to go but CC3 will be paid off in January, I can tackle CC4, the house will sell in February and most of the debt should be gone 🙏🏾

Found Checks

November 28th, 2017 at 12:04 am

I could not wait to get to the bank today to deposit my findings of $85.00. I called the bank yesterday and was told, that so long as there wasn't a cash by date, I should be able to cash the checks.

One was actually from 2010, that was the postal money order, same as cash I suppose. The other was from AFLAC written in 2013. The transactions are on hold, so I am waiting for everything to clear before I add this to my snowball (CC3). I am super excited about this .

Today was a no spend day, so I am taking a dollar out of my fun money to add to CC3. I figured for every day I do not have a day in that I spend money, a buck goes towards the debt. I'll keep doing this until the end of the month and add the total to the snowball.

Tackling CC3

November 26th, 2017 at 05:58 pm

My fiancé said that it was my turn to treat for breakfast, woke up and cooked breakfast 🍳 . No need to spend $35 eating out. We usually rotate but this debt has to go. When asked if I was really cooking breakfast, I said yep and reminded him that I have over $78,000 in debt and that I'm Dave Ramseying. He didn't say a word, and just smiled. I've learned that I can only do what I can for myself. I'm still going to have the weekly meetings so long as he wants to and ask the recommended questions.

In financial news, I saved $55 by washing and coloring my hair, I did the following with the money saved:

* $5.50 EF
* $4.95 Sinking
* $44.55 CC3

Next I was so excited to start the debt BINGO game, that I couldn't wait to pull this week's number, that was $15. So I paid $15 on CC3.

I know the Total Money Makeover states to stop at a $1000 to the EF but I am so scared that something will happen and I'll be back to the credit cards 💳, I want to be able to cash flow everything. I'm only adding to the EF, if I save money like above or come into extra cash. No funds are earmarked for the EF when I create my budget.

The sinking fund I had to create, insurance is due in April and in January my HR certifications are due, I want to have something towards these things.

Went by mom and picked up the pink bows, there was no way I was going to buy any.

BINGO and Debt

November 24th, 2017 at 01:21 pm

Reviewed my envelopes and I have $346 left in all. Not sure what I started out with because a few dollars rolled over and I forgot to jot down how much. I know for the new budget period I withdrew $400. So I can say I've only really spent what carried over. A new period starts on the 30th. The goal is not to let this balance go under $300.

Every week I transfer the loose change to the change jar, this week it was $2.33. So I can say I'm doing pretty good.

I went to JC Penney's because they had men's holiday pajamas for $5. Every year I buy the fiancé a pair as a Christmas gift, I usually spend about $25.

Prior to heading to Penney's I visited the Ebates site because I wanted the 4% cash back, but then noticed the store was charging close to $4 to ship to the store and $9 to ship to the house. Since I was heading to my mom's and Penney's was on the way I stopped by. Picked up two pairs, one for next year. If we're not together I'd give them to my nephew as his gift. I'd budgeted about $100 for him for Christmas but so far has only spent a total of $22. We agreed to keep things at a minimum. I tried to get him to go with the no gifts, but since he's just starting on this process of saving and budgeting, I knew I had to give a little or I'd lose his interest. Compromise 🙄.

I do have one other item to purchase for him, either a watch or cologne and I'm done. I'm sure I can get a good deal on the watch for about $30 leaving me with about $50 to throw at CC2. The kids ( nephews) are getting magazine subscription for $15 each a total of $45 and my neice gets the free $25 MyPoints gift card. My other nephew who is older will get a $25 gift card and I still should have $25 left to throw at the CC2. Though I budgeted $150 total, this is 4x less than I normally spend, I'd like to stay under $125. Next year they'll be a sinking fund for the holidays.

All in all it was a pretty good day. I don't plan on leaving the house for the next two days, saving on gas ⛽️. I also picked up dinner for the next few days from my mom, so I'm good.

Now that I'm Dave Ramseying , lol, I've been on every money site, blog and Facebook group page there is. I saw this yesterday.



It's a BINGO card to save money, each week you pick a number and dump it into your savings. For me challenges are my motivation, so rather than throwing the funds at savings I'll be throwing it at my debt (CC2). There's even a zero to give you a free pass. So starting Monday, I'll be doing this. I realized that the money will be coming from my fun money.

Budgeting with the fiancé

November 14th, 2017 at 03:40 am

Well woke up this morning and the tire is low. I'm not upset, just headed back to the tire company that I had purchased the tires from and that I have the warranty for.

Thankfully it appears to have been the valve that needed to be replaced. I ended up staying home and working in order to watch the tire. Thank goodness there's still air, and all looks well. When I spoke with my manager, he didn't seem too pleased but I was not going to drive 30 miles to get stuck.

I received the check of $587.09 from an old 401(k) I had. I know I should have rolled this over but the balance was low, I'd only contribute for four months. I've added the funds to baby step one to bring me to the $1000. Wrote my check of $58.70 for tithes and will put the difference of $76.72 to CC 2.

I readjusted the budget to start adding the money that would have been going to baby step 1 to tackle CC2. I needed a win other wards I was going to go crazy. This has been one heck of a process. It seems like when I didn't have a budget I paid my debt down quicker, I don't know.

I should have funds left in the envelopes, so I'll throw the change into the change jar, and keep the rest in its respective envelopes.

Today was a no spend day, yay! Plus I've saved on gas since I didn't have to drive 60 miles round trip.

Tonight is our first budget meeting I'll keep you all posted.

As a follow up to the above, I typed it out and never posted, so here's an update.

I realized that the actual amount I have left to pay on CC2 is $157.60 vs the $76+ , plus I'll be adding an extra $57+ on Wednesday, this will knock about $200 off the bill. I'm excited.

So the fiancé and I reviewed video 1 of FPU. He asked that we review the video again each week and discuss where we are until we've completed baby step 1 (jointly). I'm okay with that if it means that this will get him onboard. What he said tonight did make me feel good when he said, "it's not mine or your debt but ours. "

So here's the plan, save $1000 jointly. He's aware that it will be a struggle for me since I'm heading into baby step 2 but I'll contribute. We will review FPU video 1 until we've reached our goal of $1,000. He's committed to adding all extra income from landscaping to baby step one for both of us. We've agreed to complete the home work separately and then together. Our next meeting to review the homework is Thursday. I'm excited because I think together we can make some head way.

Now the tire 🤦🏾‍♀️🙄
Well it's low again, so tomorrow I'll be heading back to the tire store. Hopefully I'll get a new tire for free. I'm not sure what the warranty covers. If for anything at least, I have the cash to buy a new tire, if need be 🤦🏾‍♀️

Financial Peace University

August 25th, 2017 at 09:52 am

Finally started the Dave Ramsey Financial Peace University class. It was truly an eye opener.

First thing I did was stop my 401(k) the goal is to save a $1,000 (baby step one) and start it back up again. We also had to list our debts, something I never really done, I was surprised to see I have a total of $77,000 in debt, this include $60,000 student loan 🙄

This was also the first time I sat and completed a budget. It's s simple budget as the class refers to it but hey.

I'm excited, I'm hoping that it changes my fiancé's view and understanding of money as well as mine.

This was our first week and Murphy decided to visit and my fiancé said to me, "wow everything that was spoken in class I experienced, I'm listening and ready."

I'll keep you all posted.

Financial Peace University

August 23rd, 2017 at 02:00 am

Started Financial Peace University with my fiancé on a Sunday, it was definitely an eye opener for both of us.

I'm excited about learning more, paying down debt and being stress free.

After creating budget and looking at all my debt and not just credit cards, I realize this is not what I want my life to continue to be like.

I'll keep you guys updated with how things are going.

Financial Peace University

August 23rd, 2017 at 01:59 am

Started Financial Peace University with my fiancé on a Sunday, it was definitely an eye opener for both of us.

I'm excited about learning more, paying down debt and being stress free.

After creating budget and looking at all my debt and not just credit cards, I realize this is not what I want my life to continue to be like.

I'll keep you guys updated with how things are going.

Didn't need it anyway

January 2nd, 2017 at 05:49 pm

So over the holidays 🎄🥂🎁 I purchased jeans👖 , very expensive jeans using my CCs, racking up debt that I don't need. My mind told me they're on sale so they're not that expensive, never mind that I simply don't need them.

Needless to say, they didn't fit and I needed to exchange them. I was contemplating returning them but I really liked them and opted to do an exchange. So I trucked on to the mall, first to Macy's for my exchange, but they didn't have any in my size so I returned them, $60 back on the CC. Then to Nordstrom and low and behold, they didn't have my size, so another $60 was added back to the CC.

As I was leaving, I ran into an old friend I haven't seen in years. We chatted and she asked if I wanted to meet for lunch. I thought about it, and remembered my meal plan and said no. I'm not in a position to eat out this month. I told her let plan something later on, that way I can budget next month my dining out expense. Proud of myself, think I might add the $20 saved to my challenge.

I'm glad to be back blogging, it keeps me in track.

IRA

April 23rd, 2015 at 06:55 pm

I paid off two CCs and decided I wanted to add $5 a week to my IRA until I can get a control over this debt, I figured something is better than nothing. For each CC I pay off I'll add $5.

Actually, I think I'm going to change this to $10 since I paid off two CCs

52 week challenge

January 8th, 2014 at 09:41 pm

New year so I'm going to attempt the 52 week challenge, even though I'm unemployed I'll at least try.

I decided to work the challenge two ways, one, starting with week 1 and week two at the same time.

Here we go
Week 1 : $1 paid off to CC3
Week 52: $52 deposited to saving account

Balances:
CC3: $1
Saving: $52

Well I did it

May 8th, 2013 at 11:56 am

Okie dokie, I paid off CC4, CC5 and CC6 today. Yay just a little over $2000.

Unfortunately CC3 that I had paid off in January and the BF used for a rental car (and never gave me the money)I had to pay off again ($228.00) so I did not count this one. I am not going to complain about this because it was a birthday trip I wanted and we agreed I would pay for the hotel and he would pay for the car. However, I ended up paying for everything, oh well you live a learn.

But I am super excited, I have paid off a total of 6 CCs since January and it feels good, not mention I have freed up about an extra $180 a month in minimum payments. The plan is to sock $100 away week to the EF and to pay about $40.00 a week to CC 7 and CC8 hopefully cutting these balances on these cards to half by the end of the year.

Once my raise kicks in, in August I can probably double the amounts saved a week and paid to the CC

Checking in

May 5th, 2013 at 11:32 pm

Hi all!

I know I am not blogging as much but just know I haven't charged anything on the CCs.

Even though, I am not blogging I am somewhat hanging in there with my finances.

I am on week 23, of the 52 week challenge, trying to stay ahead. I also made a $5.00 contribution to my IRA. I usually contribute anywhere between $20-35 a week but last week was the first of the month and so many bills are due; however, I wanted to make sure I deposited something vs. nothing.

I am hoping with the extra money, from my most recent raise that I can pay off CC4. My student loan disbursement should be received and if it is what I am thinking of I will pay off CC4, 5 and 6 socking away the remainder to my EF. Starting next month even though I am not schedule to start repayment of my loan until September, after graduation, I will make $25 a week payments to my student loan. I figured that would be about $250 paid on the principal. My employer mention paying off my student loan or a portion of that, so keep your fingers crossed.

Other good news I have managed to sock away $6000 to my EF, I'm hoping to have this up by $2000 in June Big Grin

In addition, I love my new job. There is just one-person who drives me crazy, but I think he means well, I just have to figure out how to deal with him.

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

Thank You

March 28th, 2011 at 02:27 am

Just wanted to say thank you very much for all the welcome backs and support it means a lot. I'm in the process of paying down approximately $20,000 in debt. I went from owing $0 to 20, 000 with nothing to show for it. Well no need to dwell on should of, could of, so to begin today was a no spend day and I added $2 to the $20 Challenge (a buck to my CC with the lowest debt and a buck to savings). This method helped me to pay off debt in the past, so it should work. Once again thanks everyone i really appreciate all the support Smile

Adding to the challenge

March 5th, 2007 at 01:11 am

At the rate I am going I should have atleast $10,000 by the end of the year in my challenge account for a new house. I figure if I can hang in there with my mom for about 3 years and include all raises and bonuses I should have about $36,000 for a down payment. That is a nice chunk of change. So let the count down begin.

I just added my bi-weekly deposit brining my new total from $1416.05 to $1563.90 Smile I will definately meet my $2000 mark for the month

So far for the year I have contributed $1281.51 to the challenge

I have really surprised myself the last few years. I mean I always talked about getting serious when it comes to savings and debt but never really did and last year I paid off debt started saving and now there is a real possibility that I may be a home owner in the next few years Smile it is an exciting process

I AM DEBT FREE!!!!!!!!!!!!!!!!!!!!!!!!!!

February 23rd, 2007 at 10:28 pm

Finally I am totally debt free Smile I got my tax return (not much but thankful) and paid off my last student loan which was $767.93

I am soooooo happy, no cc no student loan, no car payment. Now I can start socking way for my house

Part of my challenge was to pay off debt, last year I used the funds to pay off cc and only two months in the year and my student loan is gone. I am sooo excited I can not stop grinning Big Grin Big Grin Big Grin

I feel like I am making some progress

February 1st, 2007 at 03:34 am

I finally feel like I am making some progress. My EF is at a little more than a $1000 and I just made a $25 deposit to my IRA which pt me over a $1000 so I am happy with that. The challenge/house fund is growing as well Smile and I have money to get my eyes check (with out borrowing or using a cc) and I still have no CC debt, month number 2 Smile

trying to get ahead

January 24th, 2007 at 03:42 am

Even though my cc are finally paid off it seems as though I am not making ends meat. I mean I am able to set aside most of my check but I am saving for a ton of things. I have an account set up for everything and it seems like it is not working maybe I have way too many accounts. I have a EF, Misc account (for MD appointments or anything miscellaneous), a tuition/education account (paying for books, supplies tuition etc) a new car account (my car is a 89 Toyota so I am not sure how long it will last) a personal account (for things like gas, groceries and other personal items) my IRA and a bill checking account (solely for bills). I guess I am wondering how I should allocate these funds so that I can see some fast progress. It seems like as soon as I save $100 the car gives out, insurance is due or like now I need to have my eyes checked Frown I just have no idea, I was trying the 60% solution but it is just not working

Good day today

January 3rd, 2007 at 01:59 am

Ok today was payday and I paid every bill I think of as well as socked away some. It is amazing that when you don't have cc debt you cn see the bulk of your money so here is what i did:

$200 EF
$25 IRA
$10 Misc Account
$20 New car account
$20 Tuition account
$20 Fun Money
$100 $20 challenge/new home
$20 Offerings
$21 $20 Challenge/Debt
$28.08 Gas
$60.52 Verizon
$15.00 Prescription
$8.50 personal care
with over $200 left Smile I am so happy I feel like I am living now (not living check to check)

60% solution

December 30th, 2006 at 05:16 pm

When I first found this site early 2006 was actually participating in the 60% solution in which you limit your spending to 60% of your total income or less. Some where down the line I stopped, when or why I do not know. But for the New Year I have decided to start back at it again especially since I really want a house with out any debt..including a car payment. Thank God my card is paid for with very little problems. Here is what I plan on doing it's a little different than what's posted on MSN:

Total income
-10% savings
-10% irregular spending(tuition, insurance, etc)
-20% long term goals (new home)
-5% IRA
-5% fun money
50% other expenses
-----------------
100%


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