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Sinking Funds and Other Stuff

September 10th, 2019 at 01:55 am

So apparently SO mother had allowed the insurances on the vehicles to lapse since May, so he’s been driving around with no insurance since May (personal and commercial vehicles). Her license had been suspended since July, so she’s been driving with no insurance and a suspended license, with the grandson in the car. WTF!

If this is not a wake up call for him to takeover the business and everything else then I don’t know what is. Actually I do know, I’m so glad I’m not apart of that dysfunction. I’m not sure WTF he won’t put his foot down with this woman. But hey

In financial news, I checked the sinking fund for the car, and realized that I’m close to $1,000, just about $400 away. Initially the account was set up for car repairs, and insurance. But I pay my insurance monthly, and knock on wood there hasn’t been any repairs needed.

I need an oil change and normally I’d use this account, but since I have more than enough in my cash envelopes ✉️ I’ll use the money from there.

Seeing this account grow, has made me feel really good. One, because in the past, I’ve always used a CC to repair the car and now there’s cash. And two, I realize I can actually save cash for a new to me car. As you all know, my Camry has about 255k miles on it. She runs great! But I know it’s just a matter of time. My goal now is to save about $5-8k for my next Camry.

Next, I splurged on household items and took the money from home repairs, this sucks but now I’m back on track. I need to know that this account is not for home decor but repairs. I was going to get the accordions for the window, but will wait until hurricane season is over. I have the plywood and right now rates are sure to be higher. I’ll still get the quotes so that I know where I stand, and can save for them.

I must say, I have a sinking fund for everything, but I love it! I love the idea of saving just a little to have a lot later and paying cash 💰 for things. Patience surely is a virtue

Monday Ramblings

July 29th, 2019 at 07:42 pm

Washed my car yesterday , and I was exhausted. I’ve got to stay on top of this. I’m going to have to budget $5 a week to do this. I only washed the outside, still have to vacuum the inside.

I also sold an item on Poshmark yesterday, earning $6.05, shipped today.

Yesterday was one of my childhood friend’s birthday. We all met for brunch. I was anticipating $30 for brunch and $25 for a gift, all budgeted. However, brunch itself for both me and the SO was $120, SO ended up footing the bill, it was way too expensive. We had drinks and that’s what killed us plus the gratuity. Crazy

Today, I found a $5 winning scratch lottery ticket 🎫, I’ll cash it in tomorrow.

Miscellaneous Stuff

July 28th, 2019 at 03:30 am

Yesterday I really needed to get moving and work on the next budget period, but I was so enjoying the quiet time and I was just exhausted from the workweek.

Things I need to do/done

✔️ Update the budget for next pay period
✔️ Update/fill my cash envelopes
✔️ Balance CC10
✔️ Update student loan accounts
✔️ Change direct deposits to include the pay increase.
Update my planner for August

Checked my net worth and found that it increased by .01% that’s $1953.94 🙄🤦🏽‍♀️. It’s progress, just wish that it was more. I know I’ll get there once I’m able to tackle the student loan debt.

I made adjustments so that I am saving more of my pay increases. Typically I’d spend this money by increasing my way of living that include shopping and dining, but not this time. I split the increase among retirement, saving and debt. These three things are my priority.

Today I’m going to wash 🧼 my car 🚗 she’s filthy. I’ve asked the SO for quite some time and he just hasn’t, so I’m going out before it gets too hot to do it.

Hump Day Ramblings

July 17th, 2019 at 06:45 pm

One of the best things I could have done was opened a home repair fund. I took at look at my balance and it’s just over $1,000.

I bought my villa back in November of last year. But I’ve lived here for about eight years. Since then, nothing has been repaired/replaced, there was no need to during the the time I’ve lived here. So because of that, I decided to start saving just in case, and though nothing has happened yet, I’m thankful I did/am. It’s nice to know that if an emergency hit, that’s home related, I can tap into this fund before touching the EF.

Top things that I see that may need to be repaired, but are still holding on are 1) the fence 2) kitchen cabinets and 3) washing machine. Oh and I need hurricane shutters.

The fence definitely needs to be repaired, the HOA haven’t come down on me yet, it still looks decent but I’m loosing panels. I’ll hold on as long as I can.

Yesterday, I received the money from the rental property and added it to my EF, so happy to see this thing creep back up. Lol, I’ve become obsessed with saving. I absolutely hate spending money. Never knew that would happen.

Earlier today I stopped at the gas station ⛽️ and this little old guy name Joe had money left on his pump and gave it to me. What a blessing

Lastly tonight I got to meet with a few of my sorority sisters who I haven’t seen in awhile. It felt good to meet up, talk, laugh and catch up. I’m so glad I have the sinking fund for days such as this, I needed this. Though I’m no longer an active member it’s nice to meet up from time to time

No spend day

July 3rd, 2019 at 05:47 pm

Another no spend day today. So I’m adding two more dollars to my envelope. I did have to get an oil change, that was $40.65 and a must, but other than that nothing.

My car is at 252,602 miles, I can’t believe it and I love it. I’m going to hold onto this baby as long as possible. I do have to start saving a little more to the car fund.

Tomorrow I’ll spend time with my family, and that’s about it.

Government Shutdown

January 11th, 2019 at 04:13 am

Though I’m not a government employee this shut down really has me nervous about what could come.

I’m in a number of financial groups, and other miscellaneous groups on Facebook. I have noticed that those who are effected by the shutdown, are posting that they can’t pay their bills. It’s really sad.

For me, I’ve been payed off twice and thankfully both times I’ve been able to pay my bill. This is the main reason why while on BS2 I add something to my EF, even if it’s $25 each pay day. My dad always said, even if it’s $10 you put something away each pay day and don’t touch it.

I can’t imagine working and not getting paid. But if that happens I want to be able to have some sort of cushion. I honestly think we are heading into a recession.

On a different note, I’ve knocked down CC9 to about $5,900, just waiting on a few payments to post before I update the sidebar. I want this baby gone. I’ve decided to start the 52 Week Challenge backwards and throw the money at CC9 each week.

The SO is still here 🤦🏽‍♀️🙄. For January he paid everything on time. On December 31st I had a conversation with him. I told him it looks like you don’t plan on moving. Nothing packed. I told him nothing has changed about my feelings and that I wanted him gone.

I told him that I am not going into 2019 trying to run him down for my money to pay the bills. If they’re due on the first, I want it by the 20th and no later than the 25th. I also had the same conversation two days ago. I’m not doing this crap this year. And the minute he misses he has to go. I plan on talking to him again tonight. Because I really need him to know that I’m serious. He’s a nice guy and all but I don’t give two cents that he refuses to stand up to his mother. I have a mortgage now.

Financial news, I paid the mortgage today, early. I added an extra $25. I know why? It makes me more comfortable knowing I paid extra. For me I want to pay the extra $25 every month. High balances on anything makes me nervous.

I also paid CC9 early added extra to that, and socked away funds to my sinking funds.

I got quotes from Progressive, car insurance, I can save about $100 if I switch. I’m going to review/compare my policies and coverage to make sure I’m getting the best bang for my bucks.

This week has been a good week. I haven’t dined out until yesterday. But 6 out of 7 days isn’t bad.

I’ll crunch the numbers, review the budget and see where I am today. I’ll share later.

Praise Report

November 9th, 2018 at 05:59 pm

Praise report. After paying off the three credit cards 💳 my credit score jumped by 47 points.

I got a revised closing statement and the mortgage will actually be $10 more than I’m paying for rent ($961). I’m thinking that once I close it will actually be less. Correction, this include the escrow.

Other news my idiot brother decided to sue me for the money my dad had in the bank. One I was the beneficiary; two all of it went to legal fees, burial and taxes on the property so good luck to him. Greed

Next, the idiot I have as a SO hasn’t given me one coin on the purchase of this home 🏡. Rightfully so, I guess Neva we’re not married but what get me is I tell him I had to put tires on my car, paid for with cash by the way, and I’m super excited. But he thinks a credit card 💳 was used (usually the case) and he has the nerves to say let’s rent a room to stay out of town. My response, how about you give me the money to pay a bill? 🤦🏾‍♀️🤦🏾‍♀️. Can’t wait for this to be over.

That’s it for now.

Feels Good

June 29th, 2018 at 03:27 am

This journey of getting out of debt is a slow and steady process for me but I’m happy. I have to do what works for me and keeps me motivated.

Today was payday 💰 and prior to paying anything I always take a look at my budget. I noticed that I was only paying $9 to CC5 💳. I thought nope, nope this is unacceptable.

So I change somethings around. My cellphone 📱 was actually $5 less this month, I reduced both the EF and sinking fund deposits by $10 each and also reduced my offering (not my tithes) this pay date. By doing this I was able to pay an extra $45 on the CC 💳.

Unfortunately I did find a few bills, like the electric 💡 and water, were under budgeted , so some adjustments were made. But all in all I’m stoked, as long as I can pay extra I’m good.

I think what I’m feeling so good about is, one I’m knocking these credit cards 💳 out. This year was one a quarter and I know I’m on track. Next year with the higher CCs it will be two a year. Hopefully once this house 🏡 sells I can knock them all out.

Secondly, saving for what I want and upcoming expenses. This is actually one of the best feelings. Just knowing that I’ll have the money in October to pay my car 🚗 insurance for six months is great. That will surely free up an extra $100 a month. See right now I’m paying $166 a month, (I know it’s high, I’ve already called around and this was the best deal. Even a friend who has her own agency told me this was good) I also set aside $100 a month to be able to pay this sucker at once. But once it’s paid for six months I only need to sock away the $166. Not to mention I think when you pay it for six month about $50 is knocked off.

For the first time ever, I’m saving for Christmas 🎄. No more stress. I can actually host my holiday game night without stress and I love it.

Another first timer, medical. Saving for medical expenses was never an option or thought. But I’ve saved up for my eye exam, and if I keep this up I’ll have the money for my dental cleaning.

It just feels so good.

$500 a month for a car

June 1st, 2018 at 04:48 pm

$500 a month for a car, is this the new normal?

[url]https://www.cnbc.com/2018/05/31/a-523-monthly-payment-is-the-new-standard-for-car-buyers.html [url]

Thank God I'm socking away for a car. I'd rather buy a car for $5k - 10k cash

Budget, Car All Equals Money

March 28th, 2018 at 05:15 pm

I'm m trying to figure out how to get this Target credit card 💳 paid off by mid April. I've revamped the budget a 100x but I can only pay half the amount owed, about $350.

I'm so annoyed because, yesterday my car broke down, flat tire and this is the second nail I've picked up in the last week. I work over a hour away, I had to wait for the SO to come help me, and didn't get home until after 7pm. So today I ordered AAA, cost $100. I'm glad I had the money but annoyed that I had to use it. At least with this service I get a 100 miles of towing, and given that I work about 30 miles away, this is good. Not to mention, my car is 16 years old with over 220k miles.

Now that I think about it, I have to take a look at the budget again, to account for this $100 loss

I'd loved to have one month that Murphy doesn't visit

What a Day

March 21st, 2018 at 04:55 pm

What a day!

Today I was to be off and run a few errands, well I didn't get home until after two.

First stop, doctor's office. The wait there is always annoying but thank God I only come once a year. I was also happy, because the $65 budgeted for this visit, I didn't have to pay, I'm thinking snowball.

Next I went to have my lab work done. I'd schedule an appointment at a different facility but with the same company. Since there's one near my doctor's 👩🏾‍⚕️ office, I head over, only to find out there's no where for me to sit, the place is packed. I stop at another lab 🔬, that one is more packed than the other. I tried the third one, I had difficulties finding it and that was more crowded than the previous two, smh. So I head to the location that I actually have the appointment. I was trying to get in earlier because I was Fasting and starving.

Since the location that I have the appointment at is near a tire place, I drop my car off to have my tire looked at. Every other day I'm adding air. I found out that I had a nail. I knew it would be some what of a wait so I head over to lab. Get there, and they can't locate the doctor's order. I give the intake specialist my prescription 💊and she's still having a problem. Smh. Finally she finds the order. I get my blood work done before my appointment and I'm happy 😊.

Head over to Ross to kill time. While there I felt uncomfortable. Though I have money set aside for fun, Ross is the last place I want to speak my money. I look down and notice that the tire company called.

I walk back to the tire place, my car is fixed and it's $21. Yay for me because I'm thinking I can add the difference that wasn't paid at the doctor's office to my CC.

Get outside and the car 🚗 won't start. I mean nothing. The mechanic 👨🏾‍🔧comes and does something, then tells me it's my starter. Cost $336. I'm not happy but glad I have the cash to be able to pay to have the repairs.

So while they're working on the car 🚗 I walk to Walmart. I found the book lamp that I was looking for. Went there last night and the clerk told me they didn't have them. I did look in the area of the books but missed it last night. I'm glad I found it though. I've cut out tv 📺 and am reading a lot more. With every financial book 📚 I learn something and that I'm thankful for.

After all that I am now I'm home 🏡 thankful

Car Repairs 🚗

March 3rd, 2018 at 01:47 pm

Took my car in for service and was annoyed because they had it for over 6 hours and no one called me.

Not to mention they provided a service that I did not agree too, but knew I needed. Long story short the bill went from $509 to $317 (including tax) and I was able to cash flow the services.

God blesses those who are good stewards