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Archive for May, 2019

Goodbye CC9

May 31st, 2019 at 04:28 pm

I did it, I paid off CC9. I ended up taking the money from my savings, I’m okay with it. Once I collect SO rent I’ll put it back. I just wanted it paid before June 1. Unfortunately, the payment is still pending and probably won’t process until Monday, that sucks, but hey.

I also took a look at my credit score, it’s now at 786. Interesting, even though I paid off CCs I can’t hit the 800 mark, I guess the student loans.

Once that’s payment hit, you all will probably be awakened by my screams. I’m sure I’ll be hit with a interest invoice but it will be doable.

Wish Me Luck

May 31st, 2019 at 04:01 am

Today is the big day, I owe $548 on that stupid credit card number 9 💳 . I want to quickly review my budget to ensure that this baby can be gone today and I haven’t screwed up anything. I’m pretty good about missing stuff 🙄🤦🏽‍♀️

I’ve also got to go through some documents to get my 401(k) rolled over to my IRA account.

I’d made a change at the top of the year to my withholdings so that I take home more. For July I need to adjust that back to the recommended withholdings based on the IRS worksheet. I think I’m going to be good because now I’ll be contributing to an IRA plus my charitable giving (tithes) should help with reduction in my taxable income.

I just went through my cash envelopes and I have a total of $75, so excited. With the envelopes ✉️ I generally just roll the funds over to the next budget period.

Wish me luck, I’m going to crunch those numbers one more time and the boom 💥 she’ll be gone

Pending Payment

May 29th, 2019 at 06:34 pm

So excited, logged into my account and the payment to CC9 is pending, that means come tomorrow, the balance will be $850 then Friday is pay day and that baby is gone.

My second exciting item for today was, I came home and popped a meal in the microwave. It felt so good to come home and not worry about dinner.

I can’t believe it but these two things makes me so excited.

Meal Prep Part II

May 28th, 2019 at 06:04 pm

Today was the first day that I got to use one of my home made meals, I’d meal planned and cooked for the week. I can’t believe how good everything tasted. Even though it was only spaghetti 🍝 it still taste like I’d just made it.

Tomorrow, I’ll have the chicken 🍗 pot pie 🥧.

It felt so good to come home and not have to cook. All I had to do for lunch and dinner was take one of my frozen dinners out.

Now I’m looking for dinner ideas for next week

Goodbye CC9

May 28th, 2019 at 03:50 am

CC9 was/is getting on my nerves, I transferred $1,000 and paid on it. Friday is pay day and the remaining $850 will be paid then and I’ll finally be done with that sucker. Only bad part is I know I’ll be hit with an invoice for interest

Now it’s on to CC10. Goal is to have this one paid off by November. Then the only thing left will be that student loan.

Funny thing is, CC9 will be gone by Friday and I don’t feel like celebrating. I always sock away some fun money each pay date, $20 and I end up not really doing much when I meet a financial goal. The money just rolls over. What’s great is, because I do budget for this and then I don’t spend it, when something big comes up, like seeing Michele Obama, I’m able to experience that, it all worked out in the end.

Maybe I’ll change my mind by the weekend.

Meal Prep

May 26th, 2019 at 08:14 am

I usually plan my meals for the week but I never meal prep per se.

Today I went to Walmart and purchased 15 meal prep containers. I also bought what I needed, to prepare the meals, spending just under $30. I was happy because I used my healthy reward cards saving 10% on items I’d purchase that were healthy.

I came home and got busy. I pre-washed all the containers. Put the pork in the crockpot for pull pork, chicken in the oven, the left over chicken I’ll use to make chicken pot pie 🥧 I also made a spaghetti meat sauce for a nice spaghetti 🍝 dinner.

So far I have meals for Monday through Thursday, both lunch and dinner. I’m so excited 😃, this is the first time that I actually prepared meals for the week. It only took me about two hours (not counting the oven bake and crockpot time) to do. This is far less than if I’d prepared each during the week. I really like this because I’ve actually freed up some of my time for other things during the week, like walking. I’m now considering preparing breakfast.

Sundays will definitely be meal prep days

Later today I’m rolling my loose change. I’ve decided any change rolled goes to the IRA. It’s never too much, I roll them every few months and it’s about $25 Hi

How do people do it?

May 26th, 2019 at 04:02 am

I go online and I see posts of prom with fancy cars, elaborate birthday parties for kids, big houses, new cars, elaborate vacations and I just can’t help but wonder, where in the devil do these people get this money to do this stuff? I know it’s none of my business but I do wonder.

Seeing these posts, I sit and think 🤔 , I need a new fence, it’s not in dire shape but I know in at least two years it will be time to replace, that’s if I’m not hit with a hurricane. My cabinets are not at their best, but I’m holding on until I can no longer do so. I have the house fund because I know something will give but I just can’t help but wonder how people do it? Their homes are magazine photo ready, they’re on fancy trips, husband buys wife a new luxury vehicle, and kids are having these themed birthday parties.

I wouldn’t say it’s jealousy because I’m sure many are in credit card debt among other things but I’m human so I wonder. I’m often like “when am I going to be able to do something fun?” Things like getting my hair done or nails, I often feel guilt if I do.

I have a friend who buys breakfast and lunch every single day. When I say every day, I mean every day. I throw hints to her that I don’t eat out because it’s expensive. Low and behold she constantly complains about not making enough money 🙄🤦🏽‍♀️. I’m thinking you spend $10 a day Monday through Friday, that’s $50, multiply that by 4 and that’s $200 a month. I’m not calculating the year and you’re complaining. I’m not saying that I haven’t or sometimes I don’t “waste” money 💰 however what I am saying is I’ve become more mindful on what I spend on and I do feel like when? When can I do something and not feel guilty?

Today I’ll be rolling my coins. I went to the bank for coin wrappers, no need in buying any when the banks provide them for free. My SO other was like why don’t you buy them? The time you take to stand in line you would have bought them.

Well I explain to him that the rich don’t stay rich by looking for what’s convenient. I know coin rollers won’t make me rich but why pay for something I can get for free. I’d have to stand in any line anyway, I just chose the free one.

Okay getting off my soapbox

Sinking Funds

May 25th, 2019 at 05:58 am

I revisited my sinking funds and I’m happy with them.

The fun/vacation money is used when ever I meet a mile stone, it’s a way for me to celebrate paying off a debt and staying motivated. I typically don’t spend what’s in this account, fully, it’s usually just a dinner and maybe a pedicure. I’m sure I’ll end up throwing the remainder to debt.

The Christmas fund is for three great nephews, my neice turned 18 so she’s cut off. Plus I host a holiday game night, that’s not an option to give up, I love being with my friends and family during this time and continuing creating great memories.

The Sorority is for when my sisters want to get together. I’ve given up my active membership but from time to time we will all meet up for a girls lunch, dinner etc. I enjoy this.

Everything else is a given, car, SHRM/HRCI to keep my professional certifications, home repairs and HOA.

I thought about what CreditCardFree had mentioned, and I realize, I need to stay focus. So the plan is to contribute to my savings as planned each and every pay day, include 2% to the retirement until the CCs are paid off, any extra money (SurveySavvy, Ibotta) will be thrown into the IRA and I’ll continue to pay down CC with my earnings and the rent I charge the SO.

The process is slow, but it’s my process and it works for me, plus I’m happy. I’m knocking out the debt and am still able to do a few fun things from here and now.

The university I graduated from is looking for former students to serve on an informational panel. I decided to be one of the panelist. I realize I have got to put myself in proximity as Ken Coleman says if I want to grow professionally.

Family news
The SO came to me upset because once again his mother did not have the money to pay salaries. I simply smiled and offered no advice. It’s been five months and he’s paid his rent consistently, hasn’t asked for sex, thank God and I know TMI, we’re basically living like roommates and I love it. The extra cash is helping me pay down my debt without me working a second job.

I think it’s disgusting what his mom do him, she’s part of the reason we’re not together, but hey.

I’ll be collecting my rent from him next week and $500 of that will be thrown at CC9, then Friday is pay day and another $100+ will be thrown at it. By the end of June this baby will be gone


Thank you for the great advice

May 22nd, 2019 at 03:49 pm

I received my $11 survey check finally. I really wish they would make the funds available direct deposit. But I’m not complaining it extra cash.

Now I’m trying to decide if I should throw the $11 at my EF, CC9 or my Vanguard account. I need about about another 6k to have six months of expenses. Unbelievable, $11 and I’m struggling with this. 🙄🤦🏽‍♀️

I want to say thank you to this group for chiming in on me opening my retirement account. I had heard of the conversation but for some reason I had no clue exactly what it was. I liked the Roth due to the delayed tax but as Monkey Momma pointed out the traditional may be best for me saving on my taxes, especially as I’m paying down my debt. I’ve decided to throw 2% each pay period to the Roth. Once CC9 💳 is paid, I’ll throw 3% to the traditional and 2% to the Roth, since it makes no sense for me to now close the account, unless you all have another suggestion, I’m open. But right now it’s 2% until CC9 💳 is paid off. Once CC10 💳 is gone, it will be 5% to both and any extra cash will be split between both. Once the student loans are gone, hopefully three years, I can drop 15-20% to these accounts.

Other news, last night I hosted bible study 📖 and provided snacks for $13.36. I was able to find reduced produce on sale and used my healthy rewards card, saving me another $1+. I almost spent close to $30 on prepackaged fresh fruit but remembered I’m on a budget and I needed take my time and find the most cost effective snacks. When ever I’m in a rush, I over spend.

I went to a job fair today for my organization, made sure I packed snacks and drinks so that that way I was not tempted to purchase over priced snacks and drinks. I also drove home to have lunch. It makes a huge difference when you pay in cash 💰. I have $20 left in my dining out account and there was no way I was going to waste it, I lost $40 over the weekend, forgot my lunch Monday, and spent $10. So I’m not a happy camper.

Thank you for the great advice

May 22nd, 2019 at 03:36 pm

I received my $11 survey check finally. I really wish they would make the funds available direct deposit. But I’m not complaining it extra cash.

Now I’m trying to decide if I should throw the $11 at my EF, CC9 or my Vanguard account. I need about about another 6k to have six months of expenses. Unbelievable, $11 and I’m struggling with this. 🙄🤦🏽‍♀️

I want to say thank you to this group for chiming in on me opening my retirement account. I had heard of the conversation but for some reason I had no clue exactly what it was. I liked the Roth due to the delayed tax but as Monkey Momma pointed out the traditional may be best for me saving on my taxes, especially as I’m paying down my debt. I’ve decided to throw 2% each pay period to the Roth. Once CC9 💳 is paid, I’ll throw 3% to the traditional and 2% to the Roth, since it makes no sense for me to now close the account, unless you all have another suggestion, I’m open. But right now it’s 2% until CC9 💳 is paid off. Once CC10 💳 is gone, it will be 5% to both and any extra cash will be split between both. Once the student loans are gone, hopefully three years, I can drop 15-20% to these accounts.

Other news, last night I hosted bible study 📖 and provided snacks for $13.36. I was able to find reduced produce on sale and used my healthy rewards card, saving me another $1+. I almost spent close to $30 on prepackaged fresh fruit but remembered I’m on a budget and I needed take my time and find the most cost effective snacks. When ever I’m in a rush, I over spend.

I went to a job fair today for my organization, made sure I packed snacks and drinks so that that way I was not tempted to purchase over priced snacks and drinks. I also drove home to have lunch. It makes a huge difference when you pay in cash 💰. I have $20 left in my dining out account and there was no way I was going to waste it, I lost $40 over the weekend, forgot my lunch Monday, and spent $10. So I’m not a happy camper.

Retirement Part III

May 20th, 2019 at 10:18 pm

I’m all mixed up. Thanks everyone for your advice regarding the Roth account. I thought when I read the “all about Roth’s” section, it stated that taxes were basically held off and at age 59 1/2 one could withdraw without penalties. 🤦🏽‍♀️🙄

I also had no clue about the conversation from a 401(k). So now I need to open a traditional IRA to transfer the funds. I’ll do that this weekend, once I’ve done a little more research and asked more questions.

Now my is question, though the amount to open the Roth was minimal, what do I do with it, if I’m opening a traditional IRA? Do I keep both and from time to time make a contribution? I personally feel like one is enough for me to try and manage until I get these credit cards paid off.

Also it looks like the Roth doesn’t allow me to pick funds as of yet, due to the balance I think, the current fund is VMFXX. From what I can tell, I’m still learning, the risk factor is extremely low, the investment is designed to provide a current income while maintaining liquidity. I get this part, but it also states it has a stable share price of $1, what does this mean? I think the cash on hand doesn’t change regardless of what the market is doing.

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.