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Retirement Part II

May 19th, 2019 at 08:09 pm

Well this week I plan on taking a look at opening a Roth IRA, I’ll be contributing about 3-5% each pay day. Someone in a previous post mentioned Vanguard, I’ll be doing a little bit more research but was wondering if there are any other financial institutions you may recommend?

Question for SA on Retirement

May 18th, 2019 at 03:56 am

I’ve been so busy at work that I didn’t eat lunch yesterday. I found myself getting dizzy as I drove home. This is a habit I do not want to start. I ate my lunch for dinner and went straight to bed.

My mom gave me two dozens of eggs 🥚 and two packs of two chicken breast 🍗that I could easily turn into eight. I decided to split with my sister since I know she’s struggling and for some reason my mom is so mean to her. I have no clue why. My mom is just mean but she’s worst with my sister.

I checked CC9 💳 account today and the payment hit, yay 😀. I know I had paid it, and it would clear but nothing like the words processed and actually seeing the reduction of the balance. Next week I’m throwing $500 at that baby and she’ll be down to $1300. Two payments in June and she’ll be done ✅.

I’m thinking that CC10 will be done in December and then it’s the dreaded student loans 👩🏾‍🎓.

I wanted your thoughts, I’m 45 and I had stopped the contribution, following Dave’s plan, to my retirement. I’m thinking that once CC10 is paid off I should start back, at least at 3%. It’s going to take about three years for me to pay off the student loans. Or should I follow the plan, pay off the student loans and then throw 15-20% to my retirement. I can also max out my HSA that can be a vehicle for retirement as well.

What’s your thoughts?

It’s Pay Day

May 16th, 2019 at 11:33 pm

Woke up just after 1am checked my checking account and my paycheck was deposited. First thing I did was pay my tithes, I’m so thankful that is, has become second nature to me.

Next I looked and my $500 hit my CC9, all smiles as I added another $231 to it knocking that sucker down to less than $2k, nw balance $1847.75. Next week I should be able to add another $500 🙏🏾😀.

Then I decided to pay the mortgage 🏡. I don’t know if I read/heard this someplace, I think I did, or that I just like to do it but I like to pay my mortgage about 10 to 15 days before the due date. I’m so nervous that something will happen and I won’t have enough time to correct so that I’m not hit with a late fee. Plus I think the best time for a man to pay his bills is when he has the money. As I log in the bank has decided if you pay between the 11th and 16th they’ll charge you $5 if your not signed up for paperless bills. I’m old school and I like receiving my bills in the mail. This really ticks me off 😡 Needless to say and reluctantly I signed up for paperless billing.

Next I transferred money to all my sinking funds 😀. The direct deposit 🏦 didn’t hit because it takes two pay cycles for that to happen, this should be the last time I’m stuck doing this manual process.

Lastly I tried the fresh pizza 🍕 from Walmart, for $6 it was okay. I’ll buy it again but in a much smaller size. My mom gave me two packs of two chicken breast 🍗

Paying down CC9

May 15th, 2019 at 03:42 pm

Just dropped $500 on CC9. I hate saying CC9, I can’t believe I have had and used so many credit cards 🤦🏽‍♀️🙄.

Friday is pay day so I’ll be adding an additional $200 to the card.

I have a ton of family/friends’ kids graduating this week so I had to cut back just a little, my gift fund won’t cover every thing but the good thing is, I’m cash flowing everything. I can’t believe when I created the sinking fund I totally forgot about graduations 👩🏾‍🎓

I went to Walmart and picked up one of their $6 fresh pizza 🍕 with a salad 🥗, I’m hoping that it is pretty good, if so I’ll be adding to my meal plan.

Lastly I’m exhausted, I’ve been working long hours. Tonight is our monthly HOA meeting but I’m not in the mood. Hopefully I won’t miss anything

I think I’m finding contentment

May 12th, 2019 at 07:17 pm

So proud of myself.

One of my friends made the comment that what I was wearing to see Michelle Obama was inappropriate. So with that comment, on my way home from work, I was heading to the mall.

I thought on my way, one you did not budget for a new outfit. Two, what was wrong with what you were wearing? You wore this outfit to a wedding. Three, if you buy something, you’ll have to use your credit card 💳 . So with that, I kept coming home to shower 🚿 and wear what I had decided on. No new outfit.

It’s crazy because those little words from someone who weren’t going to the event could have easily caused me to go into debt. Rachel Cruze was right, often we live their lives vs our own. So many people buy things they can’t afford or want because of someone else’s words.

Another big achievement, was I’ve killed the no spend days this month. I’ve had a total of nine no spend days this month, and it’s only 12 days in. Not to mention, I haven’t dined out for a few days 😀.

Lastly, I had allowed social media consume me and it was late. I didn’t feel like cooking dinner, well late or not, I decided to prepare dinner, so that I have lunch tomorrow avoiding the temptation of spending money.

I’ve been praying for contentment and I honestly think God is definitely working on me.

Happy Mother’s Day!

May 12th, 2019 at 06:06 am

Wishing all my SA mothers a very happy Mother’s Day!

Michelle Obama was Absolutely Amazing!

May 11th, 2019 at 08:25 am

When ever I pay off a debt I celebrate a little. The last two credit card celebration money went to Michelle Obama for her Becoming Book Tour.

Regardless of your political affiliation, you’ve got to admit, this woman is absolutely fabulous. She’s not only gorgeous but she’s smart as a whip.

She talked about having a posse of women who will up lift you when you’re down and who will tell you when you’re wrong. She spoke of listening to our children, her kids, time in the most amazing house in the world, the White House, her dad’s disability, her friend with cancer, you name it she discussed.

It was so worth the money. Uplifting, inspiring, she had us to think about our lives as women and where we see our lives.

Absolutely amazing

Flu = Detoxing

May 8th, 2019 at 05:25 pm

I’ve been down with the flu for a few days. My doctor’s office called me on Monday to cancel but I was out for the count and didn’t check my messages. This week has been a tough one.

I treated myself (cash) to see Michelle Obama on Friday and now it appears as though I may not be able to go. 🤦🏽‍♀️🙄

I sat in a hot bath with apple cider vinegar (something I read online 🤦🏽‍♀️🙄) lavender and epsom salt 🧂 for three hours, detoxing, I do feel more relaxed but I’m hoping I feel better.

Today was a no spend day so I’m good with that.

Oh Well

May 8th, 2019 at 09:32 am

Ha ha so I went to cash the estate check and was unable to. The documents I have are expired. To be honest I’m not worried about it. I was looking forward to paying off the CC.

Unfortunately my ignorant brother held on to the check for months and the deadline to cash is the 14th. I’m unable to take off any additional days from work nor do I have the money to get the documents extended. To be honest I’m not even upset. I’m content.
Oh well

CC9

May 7th, 2019 at 03:22 pm

So I picked up the estate check dated back in January. Yep January, my 🤬of a brother held onto this check. I personally think he tried cashing it without turning it over. I have until the 15th of May to cash it. Can you believe this?

I’m not going to fret over it. I thank God I got it, I can pay off CC9 💳 ahead of schedule and start the final credit card, CC10. Pray fully CC10 will be done by Christmas and finally for 2020 I can tackle those dreaded student loans👩🏾‍🎓

You Call it Davish, I say my way

May 6th, 2019 at 03:42 pm

I’ve been doing Davish thing for a while and all honesty I’m glad I’m doing things my way. It may take longer but I know if I didn’t do things my way, I’d be back where I started.

I say all of this to say, tomorrow is bible study night and one of the ladies will be graduating, I totally forgot about this. I’m so glad I save money for birthdays and other miscellaneous items that may pop up that I haven’t budgeted for. I’m responsible for a small cake, I’m estimating $10 and I’ll be getting her a $25 gift card. She’s a struggling mom and I know she’ll appreciate this. If I wasn’t doing things my way, this $40 could have easily gone on a credit card 💳. I’m just thankful that socking away for the unexpected helps.

Today was also a no spend day 😁, I was home sick 🤒

Sunday Updates

May 5th, 2019 at 09:33 am

Today was a good day.
I revised my planner, updated my budget and hit the grocery store. I saved $.78 💰 using my Humana Healthy card 💳 and while out a gentleman paid for my groceries at a different store.

When I was at Walmart, I noticed the customers getting upset. I separate my groceries, household and personal items. I use the envelopes ✉️ system. There was a time that I would feel so bad, now I have to do what’s best. I usually let the cashier know I have multiple orders, maybe I should let the customer know as well as a courtesy.

I went to the gas station ⛽️ and was told about an awards card, I signed up. It was free and you earn points towards gas. I’m a little annoyed because they’re giving you 5x the points for purchases made on Cinco de Mayo and I’m not eligible.

I still have to review April’s spending though 🙄

Outside of money, I made a fabulous breakfast at home, it was a semi brunch that included egg 🍳 , bacon 🥓, toast 🍞, a small salad 🥗 and a homemade mimosa. It was absolutely delicious

No Spend Day

May 4th, 2019 at 08:39 pm

Today was a great day, I did not spend a dime. I balanced my saving and checking accounts, I made about $5 in interest.

Tomorrow I’ll take a look at April’s spending vs what I actually budgeted for.

Praise Report

May 4th, 2019 at 03:16 am

So yesterday I’m at my desk and my phone rings, it’s my attorney. My stomach is immediately upset, because when ever he calls it’s something to do with my idiot brother and money.

Before I share more, let me share with you this. Last week I was at a fund raising event. There were envelopes on the table. I immediately said or heard something say, give a $100. I thought, no you can’t give a $100, you have a CC to pay off. I got the nudge again. Now I’m thinking if I pay the $100 then it will go towards my tithe, but I was still hesitant. Then I heard that voice again and I said, okay God I don’t know what you’re trying to tell me but I will so I wrote the check.

Yesterday was pay day and I paid my tithes as I normally do, not including the $100. I also paid extra on my CC that dropped the balance to $2500.

Well back to my attorney. He tells me that he received a check, made out to my dad’s estate, something about the house. I’m to cash it and split only with my idiot brother since it pertained to the house we inherited, the split amount is about $2500. All o could do was smile. This is the amount I need to pay off CC9 by June. So this coming week, I will pick the check up and cash it and apply it to CC9 of course.

God is so good and faithful. When we are good stewards, He keeps His promises.

Wow 31% of My Take Home Pay Saved!

May 3rd, 2019 at 03:50 am

Today is payday and I was able to sock away $294.80 to the sinking funds, so glad I learned about these, it makes my life so much easier.

I also threw $300 to my home mortgage account. For me it’s easier to save a little each pay date for the mortgage than one big check.

Total saved this pay date is $594.80, not including the HSA, is about 31% of my take home pay. This may be weird to some but exciting to me, this is the first time I actually calculated my savings percentage and I’m exciteddddddddd! When I looked at the percentage, it really put things into perspective. I never thought about how much of my income I should be saving. I mean I knew that I should but never thought about it as a percentage. Just knowing that as I pay down my debt this number will increase. I can’t wait to hit 50 to 60 percent.

In other news, all May bills have been paid except for the dreaded student loan that’s on autopay, so I’m just waiting for the payment to hit.

I paid an extra $165 on the BoA (CC9) card 💳 , knocking this baby down to about $2500. Next pay day I’ll be able to throw a hefty number at this sucker, about $700. Goal is to be done by June with it.

While paying CC9 💳 I noticed I had an available balance of about $8000, I thought that was weird but then I noticed they’d up my available balance to $11,000. Um thanks but no thanks 🙄. There was a time when I would have jumped and scream but I’m like, I don’t know why you did that. Nope, no more using CCs, cash is king and my sinking funds works so much better.