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House Dilemma 🏡

March 21st, 2018 at 03:51 am

So I got another bid on the house, about $5k more. We have until the 26th to have the bids in and then 15 days after to close. This is my dad's house.

My attorney told me I'll be able to get all my legal fees and tax money back. The good news is, with the sale of the house I should be able to pay off debt.

Here's my dilemma and I need your help. As you all know, I'm following the DR plan. Dave says not to buy a house unless all debt is paid off. And 3-6 month expenses are saved.

First, I can take the money from the sale of the house and pay off all CC debt and half of the lower student loan.

Secondly I can pay off all CC debt except maybe one card 💳 and keep the student loan using the remainder of the money for a down payment on the house.

The house, well villa I'm in is being sold to me for below market price, about $20-30,000 less. The mortgage will be $635 about $300 less than what I pay now in rent.

I'm thinking if I go with option two, I could have the one CC paid off by or before the end of the year and be left with the student loan and a mortgage. I'll be tackling the student loan and with no CC debt (about $1000 a month in minimum payments) I should be able to knock out one loan in a year and a half.

I'm really nervous about letting this villa go, the price is too good to miss out on. Homes in the area sell for about $300k and have stayed high even during the recession, the only slightly decrease. To get this place at $140k is a steal. Plus I've been living here for the last 7 years.

I'm in Palm Beach Florida and yes homes are extremely expensive, we are one of the richest counties, roll my eyes, in the nation. Homes in the worst neighborhoods (crime) are selling for $190k +

If I could pay off Target before the sale, that would leave me with 6 CCs. I'm sure this card will be paid off by end of month early April. With that being said, I'd knock out all CCs except number 10, paying it down by at least half.
Now, I do have about $15k in a savings account. As you all recall that's money I do not want to touch and it's not listed on my sidebar, this would be my 3-6 months worth of expenses should something happen.

I know I know but I'm really leaning towards buying the villa, ugh! I just hate I got myself back into debt, it makes me sick.

Bounce Check

December 2nd, 2017 at 05:20 pm

Ugh the $75 check I found was returned and the bank charged me $12. When I called I was told I could cash, how do I at least get the $12 back?

Wow He Pullef it Off

December 1st, 2017 at 05:10 pm

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).

Cable is Off

November 29th, 2017 at 04:57 am

Cable is finally off and I'm happy.
For months the fiancé never pays his portion, he always waits until the bill gets really high, pays something, and not all. If it's cut off, I'd normally take a credit card and pay it, and wait for him to pay me back but not this time. The cable will be turned off at least twice a year. Nope nope nope, not going to happen, I have a goal.

I asked him a few weeks ago, just before the holiday if we should cut somethings out when it came to the cable. He said no, it wouldn't reduce the bill by much. I explain that we had only looked at the premium channels and not the HD channels to remove, he still said no and that he would give me the money. A new bill came, I told him and I paid my half. I reminded him that there was an outstanding balance, I can see he was annoyed but it's not my fault that your mom isn't paying you and you refuse to take a look at your finances or pick up a part time job.

So today, I'm in the bed reading a "Blessed Life," something I do every morning now, and I hear him drop the S word. He comes in and tells me that the cable is off, I say to him "oh well." I'm not paying it, so when ever he gives me the money I'll pay it. After that, if he wants the cable on, he has to put it in his name. I'll give him my share and what ever he does he does.

You see I can log into my mom's account and watch TV so it's no big deal to me. Besides I haven't been watching that much tv anyway, I've been listening to Dave Ramsey, night and day.

The funny thing is I tried to have a budget meeting with him Monday and last night and he said no.

He has rent, light, water and the plot bill due. If I don't get that money for the plot, I'm simply heading down there and removing his off my account. He pays but he's always late which means he never pays. He has the same careless attitude as his mom. She pays everything late, if at all.

Today he heads to court for past due child support. Back in June, and July the mother just stop paying him. First of all he has the kid, and I've told him time and time again to have this taken care of and he refuses. I've told him to take over the business from the mother and he refuses. I cannot wait to pay off the next two CCs so that I can move into a one bedroom.

Paid down CC 3

November 28th, 2017 at 01:37 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 27th, 2017 at 04:04 pm

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.

Decluttering = Cash

November 25th, 2017 at 12:01 pm

So because I didn't want to go out today and be tempted to spend money, I decided to stay home and clean, one of the things, one does when they're broke 😀.

I put the Christian tree up and decorated with the new ornaments, I lost that battle but that's a different story. My mom has a few pink bows I had given her years ago, so I'll pick them up to put on our tree and give her my res ones. Compromise = my sanity and money saved.

I decluttered our living room. There are pictures everywhere and I can't stand that. They get dusty and I'm the only one cleaning them. So I packed them up. I told my SO last night that I wanted to do away with all these photos everywhere.

Next I tackled my desk, and though I am not quite finished, I am pleased. In the mist of my decluttering and cleaning I found a check from AFLAC dated in 2013 for $75, I'm calling them to see if they'll reissue. There's no note to cash within a certain period, so I'm wondering if I can cash it. I also found another check dated, I think in 2015. This is actually a post office money order, I wonder if I can cash this? I'm calling the post office to find out. The next item found is was a $40 lottery scratch off, yay. I took it into the convenient store and cashed out.

I know how some of you feel but tithing is important to me, so I asked for $5 in ones, took my tithe of $4 off and paid $36 to CC number three.

Target Run

July 15th, 2017 at 08:30 am

A friend of mine shared with me the bargains she gets on meat at Target 🎯. So I decided to give it a try.

Today I picked up two packs of 2lb Tyson chicken breasts for $1.49 each, actually on the second pack it was $0.75. I also picked up a pack of 10 pork chops for $5 and a two pound pack of ground beef for $3.49. Total spent $10.72.



As I went out side to load my car up I realized the cashier forgot to take a $5.00 coupon off, plus my actual total was $13.22 more than what should have been paid. So I head back into the store 🎯, get my credit and coupon, total refunded $10, leaving me with a whopping $3.22 spent. How cool is that.

I divided the two packs of chicken by cutting each chicken breast into two giving me 3 packs of four chicken. Then I cut the ground beef in half, giving me two packs. Lastly I divided up the pork chops into five piece packs for a total of two. I'm so excited. Now I just have to meal plan for the week.

Wish I could get some steaks at this price.
That's it in a nutshell nothing else to report

Financial Peace University

May 17th, 2017 at 05:39 pm

Well I have signed my fiancé and I up for Dave Ramsey's Financial Peace course at the church. I'd like to get our finances under control before entering into a marriage.

He has actually made some adult moves as well. He's registered the business with the state, we are setting up a business account and will start payroll deductions for him. It's a huge step for my fiancé, his mother has always influenced his decisions that is not always in his best interest.

Things are trucking along nicely.

Though I have a nice chunk of change, that my dad left me. I want to build my own wealth and use that money for an emergency, a true emergency 🚨

So with that being said. I took your advice. I'm following Dave Ramsey and will save a $1000, after that I'll tackle CC2 vs wiping out everything.

That's pretty much it in a nutshell.

CC 1 Paid Off

April 26th, 2017 at 04:14 am

Though I haven't been blogging, I've still been saving and working towards paying down my debt.

I've paid off my first CC today, remaining balance was $710, it felt great to knock this little bug, as Dave Ramsey calls them, off my list.

My dad always use to say, the best time for a man to pay his bills is when he has the the money. One thing I've learned is that is true.

Now I'm moving on to CC2, balance is $975. I'm going to transfer tthe weekly $20 payment that I was paying on CC 1 to CC2, goal is to pay this card off by October, and then move on to CC 3.

CC1

January 23rd, 2012 at 11:59 am

Looks like I will have CC1 paid off before February Smile BF provided me the $200 for the rental from our trip, so I deposited the money and made a payment to CC1. New total $252. Today I received my second Aflac check for $75, I'll mail it off to the credit union and pay $75 on the cc.

Moving along, looks like I'll be getting about a $1300 tax refund which sucks because that means I brought home less money for the year but the bright side is, it will replace the $950 its going to cost me to move.

Back on track

November 22nd, 2011 at 09:12 pm

It has been since forever since I have blogged, but I must say since this week and I have blogged consistently I have also saved consistently. Since November 14th I have socked away $137.34 and the week is not even over yet.

Yes I lost $20, gave my BF close to $50 but either way you cut it I saved more than I have in a week in a very long time.

I also created my price list. I created a spread sheet with the list of stores I frequent, which include the most common items I buy and the cost of each item at each store. Yes this will be time consuming but once completed, well worth it.

In addition, I will be clipping coupons and socking away what I save on coupons. Now I don't want to be a coupon fanatic but I do want to be able to get a good deal on items I need.

I have done it in the past (paid down debt while saving) so I know that it can be done.

Wow

August 8th, 2010 at 12:34 pm

After being on a hiatus, I decided to balance my accounts to get a real picture of what I owe, and I can tell you I am very disappointed. I went from debt to debt free, back to debt Frown I can just cry,I am over $13,000 in credit card debt, plus my car. But I am optimistic that I will be debt free once again.

On a good note I found 4 cents today, added $10 to my challenge home account Wink And will be cashing in my change bank tomorrow

I'm ready and with that said, lets do it!