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Archive for July, 2020

Apple Stocks, What’s Your Thoughts?

July 30th, 2020 at 09:12 pm


It’s new to me but old to most. I read Apple approved to split their stocks, 4 to 1, they closed out at about $400, that’s about $100 a share after the split. Something so simple gave me so much joy, just a week ago I had no clue what a split was or how to calculate, and today I’m smiling because I have a clue.

Now, as I mentioned earlier I’m in no position to buy stock but I couldn’t help but play the game. Even though Apple is a viable organization, what’s going to happen next year? I’m anticipating that sales will plummet. Right now we have high unemployment, high GDP, we are in a recession but most haven’t felt it yet because the government is pumping all this stimulus money into to economy. So with that, I’m anticipating that Apple’s stocks will decline. So if I was in a position to buy, I think I would hold off until the top of the year, when stock prices decreased a tad bit more, purchase and later experience the increase once things bounce back.

For you pros what’s your thoughts?

Please be gentle, I’m new to this.

Investment Coaching and Student Loans

July 30th, 2020 at 01:59 am


Met with our mentor today to discuss investing. No I’m not at the point where I can invest, but I’m at the point where I want to learn about investing. The man we met with is a multimillionaire, he started when he was young. One thing he honed in on was, save most of your income, don’t buy unnecessary things and read.
It’s myself and two friends, he has agreed to teach us and he’s not charging.

I chuckled when he told us to get the books from the library because they’re free. First thing came to mind was if you want to be rich, do as the rich. I’m nervous about this journey but I’m excited.

Our first assignment, and it’s a tough one, pick a company you’d like to invest in and ask yourself why? Look at the owners, how they’ve performed etc. I’m so nervous because I have no idea what or who I’d like to invest in. But I’m going to try and tackle.

Lastly, I logged into my student loan account, and finally my payment of $500 hit, I’m officially now paying down principal and it feels great.

It felt good to not think about COVID today

Another Loss To COVID

July 29th, 2020 at 03:02 am

Please take this virus serious, I lost one of my good friends today

Student Loan Interest Paid

July 28th, 2020 at 05:46 pm

I’m so excited, I finally paid off the interest on my student loan (smallest balance). I paid my last amount in interest that was $455 and $45 on the principal.

This month I have paid over $2000 in interest, now I can start paying down the balance. I honestly did not think that I’d see this day, even though years ago I paid off a student loan, nothing compared to what I owe now. It’s such an amazing feeling and I’m so thankful to God for getting me this far even during a pandemic.

Student Loans

July 28th, 2020 at 01:26 am


My last payment of $300 finally hit my student loan account, I’m down to my last $455 in interest before I am able to tackle the principal balance.

I’m both excited and thankful. I’ll have about two months of no interest to pay down the smallest loan, my goal is to pay at least $4,000 by the end of September. The balance is $7085.16.

I honestly thought I’d have these loans forever, but it looks like I’ll be done with them in three years, then it’s the house.

Decluttering

July 26th, 2020 at 06:03 pm


Today my friend’s mom died. She fought a long fight with this virus, please practice social distancing and wear a mask.

After I got the news, I started decluttering, my house. I tackled the kitchen (lower cabinets )and then moved to my master bathroom. In doing so I found I have a leak. I’m so glad that I’ve been saving since I moved into the house for home repairs. I called my handyman who should be here next week.

54% Saved

July 26th, 2020 at 04:41 am


I completed my budget review tonight and found that for this last pay date I saved 54% of my income. Though most was to my sinking funds (future events) it was nice to know that I’m able to. Just wish I was investing this.

I also paid $300 on the student loans, next week I’ll pay about $500. I haven’t calculated but I’m anticipating that I’ve paid closer to $2000 this month on student loans, surpassing my goal of $1,000.

For the month, I saved almost $500 for my challenges. This will go towards my bed room set. I’d taken half the previous amount saved and threw it at the student loan, this was why I was able to go beyond my goal.

Yesterday was the first day I went out in months. Literally. I took a drive to a consignment store and they required a mask, and practiced social distancing. It was just nice to get out. I didn’t find a bed room set, but I did find the place to be expensive. It’s might be less expensive for me to buy a new set. I’ll keep saving and browsing around.

Another Student Loan Payment

July 24th, 2020 at 08:17 am


It’s pay day and I came in under budget with my cash envelopes, by $94. I stuck to a plan, and that helped. I was so tempted to head to the grocery store but I promised myself that I wouldn’t go until the next pay day, that’s today.

I stuffed my cash envelopes for the next budget period, and I’m promising myself the same thing, get what’s on my shopping list only, and don’t go back to the store until the next shopping date, two weeks away.

Today I paid $300 on my student loans. I’m down to my last $455 on this loan before I start tackling the principal. Thankfully we have one last month in that the loans are interest free, I’m hoping to knock $1,000 off the principal next month, bringing that balance just over $5k.

I read the proposed senate stimulus bill, and there is no mention of the federal student loans, bummer. Fingers crossed that the paused interest will continue, for a few more months.

Friends and family news
My friend whose mom decided to have a party during this pandemic, that was diagnosed with COVID, later put on a vent then in an induced coma, has taken a turn for the worst. The family was asked to call in hospice. The daughter in law who attended the party, tested positive but is showing no symptoms and is going about her daily routine as if she’s not been diagnosed and it pisses me off. It’s not much I can do besides tell her she needs to quarantine.

I can’t stress this enough, wash your hands, keep your distance and wear a mask.

New Side Gig

July 21st, 2020 at 08:12 pm


Excited, I picked up another side gig for about $60 for a hour. Of course this will go towards the student loans.

I’m really hoping that my business would pick up, but it takes patience.

Every Little Bit Helps

July 20th, 2020 at 11:29 am


Every little bit helps. I signed up for budget billing with my electric company, I’d budgeted $120 for the month. However, the bill was to be $150 but because I did the budget billing it was $97. I took the $20 saved and added to my student loans.

This week is a pay week, and I’ll be adding $300 to my student loans.

I went back to using cash envelopes, I noticed I was spending a little more with my debit card. I also noticed that I still have about $94 left in my cash envelopes left, hopefully this is a no spend week and I can use what’s left and pay down my student loans.

My fingers are crossed 🤞🏾 that this deferred interest accrual continues at least through the end of the year. I’m really making some headway on these loans. The interest kills me.

Finally, My Student Loan Payment Hit My Account

July 18th, 2020 at 12:30 am

Finally my student loan payment hit my account, since last month I’ve paid off $2375.75 in interest. I have $800 to go before I can start tackling the principal of $6,629.41. I’m so excited because next week is pay day, and I’m throwing $300 on this loan and then on the first I’ll throw $700 for a total of $1,000. That means my balance will be $6429, all principal.

I’m so close to paying this off I want to scream. Though I have a huge student loan debt, it will just feel good to pay one off by the end of the year, God’s will.

I’ll be honest, I hope Congress continues with the interest free accrual through the end of the year at least

COVID-19

July 17th, 2020 at 10:01 am


I can’t stress how important it is to wear a mask, wash your hands frequently, and practice social distancing. This virus is serious, it is not a hoax, and if one person dies from it, that’s too many.

As you know my friend’s mom did not take this pandemic seriously, she is now in ICU in an induced coma, and her daughter in law, my friend’s wife now has the virus, contracted, they think from the party they all attended. Please adhere to CDC guidelines.

I’m in Florida, and things are bad. We have had over 100, clinical staff quit, at a local hospital. Let that sink in, over a 100. Nurses do not want to expose themselves, they’re seeing first hand what’s happening. My friend who is a physician shared, based on what she’s seeing, it’s not going to get better. Please, do what you must to protect yourself, family, friends and others.

Student Loan Update

July 15th, 2020 at 09:29 am


Today I received my tax return of $538, I wish I could break even but hey. Anyway, I paid a few things (see previous post) and paid an additional $200 on the student loan debt.

This has been an amazing month, when it comes to tackling my student loans. Though I have a way to go, it still feels good to finally be able to get to this debt, while I’m on this debt free journey. I’ll be honest, I’m praying that another relief comes down the pipe and they continue the interest free relief until at least December, that would allow me to pay off one of the loans at least.

Since June I’ve paid almost $2000 in interest, next Friday is pay day and I’ll be paying $350 that would wrap up the interest and rest would finally go towards the principal.

For a while I was really depressed about these loans, I mean really depressed, but the ability to actually make payments and see a little headway really made a difference.

Auto Insurance

July 14th, 2020 at 11:47 pm


So glad that I checked, there was a time that I’d stick with the insurance company paying crazy rates, now I have no problem switching.

Geico sent my renewal, I felt like I did not receive the discount, called and got another quote with a different company, I’ll be saving $114.78 and for me, every little bit helps, so I’m switching.

Tomorrow is tax day and my deposit is scheduled to hit, I can’t wait to add more to my student loans.

Paid Extra on the Student Loan

July 14th, 2020 at 03:14 am

I’m so close to paying off one of my student loans I can taste it.

I decided to take half of the money I saved for my bedroom set and throw it at the student loans. That leaves me with about $1,000 to go before I start tackling the principal and it feels great.

I don’t know why but I feel like God wants me to get rid of this sucker. Yes the bedroom set is falling apart but if I can get used I’ll be fine. Plus I can wait a little bit.

Wednesday my taxes hit and I’ll be paying $200 on them.

Student Loan Payment

July 10th, 2020 at 03:24 pm


Paid an extra $150 today on the student loans, the balance is now $28,292.98, this amount is a combination of two loans.
The smallest of the two is $8,567.75. With the $150 payment, my new balance will be $8,417.75. Next pay day I plan on paying $300. Either way, I think I can get this loan paid off, I hope by December. My goal, $1000 a month.

Crunching The Numbers Before Payday

July 8th, 2020 at 09:16 pm


Pay day is Friday, I sort of played around with the numbers and realized I will be saving about 34% of my income. Though most of this is sinking funds (e.g. HOA, mortgage, car insurance) it’s still a great feeling knowing I can save for these things.

After tallying what I’ll be adding to my challenge fund, my YTD will be $1532. I’m so excited about this. I had so many plans for this money when I first started, saving for my 50th, then it changed to paying off CC, now I’m teetering between a bedroom set and student loans.

My bedroom set was a hand me down, it’s over 20 years old and the drawers are actually falling apart, literally. I also need a new mattress but think I can hold off another year. However, a apart of me is saying screw the bedroom set and pay off the student loans. Maybe I can find a decent use set for $500 and throw the rest on the student loan. Either way I’m waiting until the last check in December and I make my last contribution before deciding.

By playing around with the budget I found some extra cash and I’ll be paying $150 on the student loans. That’s $707.02 towards my goal of a $1,000 for the month. Though I’ll meet my goal with the last check of the month, I really hope I get my tax return before the end of the month, so that I can throw the money on this student and that will take me over goal.

I’m happy that I’m able to make the payment but ticked off that this $1000 isn’t going towards retirement.

Refund, Cash Back and Student Loans

July 8th, 2020 at 03:22 am


Received the refund, for the house after the refinance, the amount was $779. I also received a refund, thank goodness, for my professional membership from the job, in the amount of $219.

Now that I have a nice chunk set aside for professional membership and certifications, $763, I’m going to stop contributing to that account and add the amount I was contributing to the student loans. My membership is ridiculously high $219 and the certification (two) are about $150 every other year, and of course they’re due in different years 🙄🤦🏽‍♀️. So with $800 saved, this should cover those expenses, plus I get a refund so I can stop saving after July. Once I’m told no more refunds, I’ll kick the savings back up again.

I promised myself that any money I get, something will always go in the savings, pay yourself mentality. I’m not saving as much as I would like to, I’m trying to pay off the student loans but I vowed to always put something up.

So out of the $779, $100 went to the EF and 619.90 went towards the cash back credit card payment. The $619.9 includes the appraisal, $510, and two fees of $54.95 for the refi, so overall I did not spend anything out of pocket and made money using my credit card cash back.

I had about $60 left, so I paid $30 towards the student loan and left $29 in my checking account as a buffer. I also paid the $219 (the refund) towards the credit card, for my professional membership fee. I like the idea of using the card, not carrying a balance and earning cash back. Even if it’s just $30 a month, that’s $30 I have to add to my student loan every month.

When I went to pay my student loan, I saw that there was a allocation option, never noticed it before 🙄🤦🏽‍♀️, so I clicked on it. Low and behold, I can allocate the percentage I want applied to each loan, interest first of course. I noticed that the loan that showed a balance of $29k was actually split into multiple loans. The smallest balance is just over $6k, that means that at the rate I’m going, $1k month, I can have this loan paid off by December. I feel so much better, knowing that these loans are broken up and that I would be able to pay one off this year. I feel like I can make some traction.

Lastly, the prayers are working, my friend’s mom is doing better, she’s still on the ventilator and in ICU but she’s doing much better, thank God and thank you all for your prayers.

That’s it in a nutshell.