Happy New Year everyone! 🎆
Archive for December, 2017
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!
Went to Walmart and picked up birthday gifts for my three great nephews at $15 each ($45 total).
I'm so excited because I never did anything like this before. I created a sinking fund for birthdays and Christmas gifts. I'd budgeted $25 per kid (4) and came in $30 under. What a great feeling. The SO couldn't believe that I was buying birthday gifts for the months of February, May, and October. I just think that this was great. I think I'll do this every year, buy the gifts after Christmas on sale. As far as Christmas, throughout out the year I'll buy marked down items and since I'm keeping tabs on my budget I shouldn't go over.
Different news, my brothr (not the one who is a jerk) went to deposit cash into my account to cover January's mortgage (I purchased his house in my name in 2012) and the bank said he could no longer do that, crazy. Apparently there's some new money laundering law 🙄🤦🏾♀️. Well thank goodness this was a separate savings account so I'll give them the ATM card.
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?
I bought my SO a Michael Kors watch ⌚️ from the outlet mall for Christmas. To purchase the Michael Kors box 📦 to put the watch in, would have been an additional $6. I opted not to.
Now he wants to know if his watch ⌚️ was bootleg because it's not in a normal MK box. I tell him, I wasn't spending $6 on a box.
His face >>>> 😳
My face >>>🤦🏾♀️
I'm on a budget, he's lucky of if got anything. Lol
He kept saying wow, I kept laughing. This was the first time in months that we actually laughed together. Felt good, just hope it's also a teachable moment for him.
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.
Wishing my SA family a Merry Christmas 🎄
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.
Checked the balance on CC3 and it was $729.16. The $29.16 annoyed me so I added this amount to the card 💳, new balance $700.
I'm hoping to get this card down to $600 before the new year, maybe even $500. My next two budget periods are very lean and I have a $300 buffer in my checking account. I know, but for me this gives me a peace of mind. I'm so afraid that if I don't keep a buffer I'm going to use the CCs 💳. I'm also afraid to cancel them. Once I hit the $3,000 mark in the EF and pay off a few more CCs 💳 I can say whew, close out the accounts and not keep the buffer.
The buffer is primarily because I live with the SO, and most of the time he doesn't have his share of the rent until the second or third, that drives me crazy because it's due on the first. I'll be the first to say, I'm no pro with money, but I've always been super good about paying my bills on time. I hate paying late, and any late fees associated with it.
One thing that I'm excited about is, this is the first time I ever created a sinking fund (saving for a want and need); and come January 3rd I'll be using the funds to purchase my season ticket, cash. Notice I said "my" and "ticket" meaning one ticket and with cash.
Normally, I'd purchase both mine and the SO tickets using a credit card, I'll tell him and he'll say, "I'll give it back to you." Months go by, no money and I've racked up the credit cards, I've done this three years in a row. I've shared and reminded him that his share is due by the 3rd. The thing about it is, if he has his share it will save me $30 . For six tickets it's $60 plus an additional $60 for the parking pass, total $120. If he buys his, the grand total then turns to $180, We would split this in half to $90. Either way I'm prepared. It's cheaper to buy the parking pass than paying upon arrival.
I can guarantee you, he won't have his money. I'll admit I'm a little nervous but this is a tough lesson he's going to have to learn. I cannot and will not keep footing the bill. I know him, when he learns that I only purchased the one ticket he'll say "wow" and think that I'm being selfish, not realizing that at the age of 45 soon to be 46, I'm teaching him a valuable lesson, as well as myself.