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Student Loan Payment Posted

October 5th, 2023 at 12:15 am

My student loan payment of $109.75 hit today so my new balance is $31,369.81. I’m hoping to get the balance below $31k by the end of the month. 


I also read that the Biden-Harris administration just approved another round of student loan forgiveness.  It includes forgiveness for 51,000 borrowers enrolled in income-driven repayment plans; I am enrolled in this program,  fingers crossed that I get the forgiveness, if not I’m still happy for those who do and I’ll keep paying. 


Other financial news today was a no-spend day so I added $4 to my challenge fund. 


The exterminator came out and didn’t charge me. He was here last week and it was $25 but I saw roaches again so he came out and re-sprayed. I offered $20 for gas and he declined. Now I’m wondering if I should add this to my challenge fund. 


Today was a great day at work, I’m so thankful that things are falling into place. 


Settlement Check Received, What’s Next?

May 28th, 2022 at 11:05 am

The settlement check arrived yesterday and I decided on the following:

  • Save the HOA and mortgage payment 
  • Pay my tithes
  • Round up my savings to $17,000
  • Round up my car fund to $1000
  • The rest will be used for the kitchen, anything left over goes to the EF. 


I am going with the bare minimum on the kitchen. I really wanted taller cabinets but at this time I need to be realistic, taller cabinets aren't a must it's a want, and costs a lot more. The cabinets are a must, just not the size, they're falling off the hinges. I was going to replace them during the holidays but since the valves gave out, as well as the refrigerator, I decided to just go ahead and do it. 


Home Depot has a credit card offer. I decided to apply, it's no interest for six months on purchases. I plan to purchase the cabinets, and whatever the total amount is, transfer that money to the home improvement account to make monthly payments. Total will be divided by six, so if the cabinets are $2,000 each month I will pay, $333.33. 


When I land another gig before the six months, I'm speaking it, I'll just pay in full and take the money saved and either pay the student loan or throw it at EF, this is all contingent upon what happens with the student loan forgiveness or interest-free extension. However,  if there is no new gig, and I don't think this will be the case, I'll make the payments for six months interest-free since I would have already set the money aside. 


A client that I worked with in the past picked me back up so for about two months I'll have some income coming in, about $4k a month for two months. This money I'm using for the bare minimums (e.g. Mortgage, water, electric) and saving the rest. The good thing is I got my household bills down to about $1500 a month, including the mortgage. It's true what they say, pay off your debt! It makes a huge difference, coming up with $1500 a month is a lot easier than $3000. 


In addition to the part-time gig, I also picked up a few more articles that pay about $100 an article, these cover my grocery and household cleaning items. 


I'll continue to look for contracts and full-time work but I'm praying for contracts only. 


Oh one more thing, thank you to Lots of Ideas, DW, and all those who read my blog. You all are amazing. You provide such sound advice. I'll be checking those SS future payments and figuring out what I need to do. 


I'm not sure who told me on one of my investment posts to focus on index funds, ut i did. I had been following VTI and took the plunge to pick up a few shares, not much because I couldn't afford a lot but a few. It was a fund that I was watching for some time anyway, and when things took a dive i remembed the commen about index funds  and  jumped on it. I'm glad to report that VTI is doing extremely well. I know it will have its ups and downs but over the last week, I've seen positive gainsand. I have to laugh who would have thought that six months ago I’d be using the language “positive gains”. Lol. 


I can't wait to be able to start back contributing more than the $100 a month to my IRA, I got my eyes on another fund, that's been doing great. 


Thank you all for your help and support. 

Saving & Debt Payments

May 27th, 2022 at 11:33 am

I received my $800 payment from my long-term client,  paid my tithes of $80 and I have $720 left. I plan on keeping $500 in my checking account and using $200 towards savings and debt.


I always struggle with how much to save, pay towards my snowball but for savings I decided to round up and for debt I decided to round down. 


So for today I will be saving or paying the below: 


$29.63 EF

$13.04 car fund

$16.96 baby EF 

$15 vacation fund 

$50 student loan

$68.59 mortgage 

$20 IRA 


I'm so upset that I won't be meeting my June goal of paying off my student loan; however, I have to remember that I came a very long way and by the grace of God I was able to do what I have done. Actually, the goal was to pay it off by December but I was doing so well that I thought jube would be the month. 


I think that when I get the settlement check rather than paying the September mortgage and the November HOA, put that money aside. My thinking is I should land a job/contract by then and the money saved I'll just throw it at my student loan. If I don't get a gig well at least I know I have the money. 


Seems like saving and paying debt is the story of my life. I can't wait to reach financial freedom. But is that such a thing? 

Credit Score

May 25th, 2022 at 04:56 pm

Checked my credit score and I'm at 845. I can't believe it. I know Dave Ramsey is against credit scores but I'm here for it. I have paid off a ton of debt that has helped this number increase. Periodically I use my credit cards and pay them off immediately so that they don't close. 


I'm hoping that once I get this debt paid off I can get a rental property, so I want to maintain my score. 


I remember just a few years back being in the 600s. 

Monday Updates

May 24th, 2022 at 12:58 am



First thing I did this morning was submit my monthly invoice to my long term client for $800. I then reviewed and updated an article that I’ll get paid $100 in gift cards. 

Next, I applied for a few jobs and consulting gigs. I’ll be honest, I want to do consulting work. I’m praying that this pans out and is long term. I do not want to go back into the office. I like working for myself, it’s the flexibility I enjoy most, as well as the money made. 


I’ve decided that before I do anything when I get the settlement check I’m going to pay my September mortgage, and an additional HOA payment. I’d rather be ahead on the payments since I have no clue when additional funds will come in. The remainder I’ll use to replace the valve, kitchen cabinets and paint. Though this was to be done late this year or early 2023, with how crazy things have been going I’ve decided to just take care of it. 


I went to my first white cost ceremony, it was absolutely beautiful, I'm so proud of my friend. She's been accepted to the anesthesiologist assistant program, keep her in prayer, I know this will be tough. 


Extra Payments

April 23rd, 2022 at 10:04 pm

Paid an extra $25 on the mortgage and student loan each, now I'm officially under $8000 on student loan number three (3). See sidebar. 


I have to invoice my client on Monday. They're pretty good with paying the bill timely. If I get it before I leave for my trip, I'll pay another $2,000+ on student loan number 3. 


I'm so excited to see this number decrease. It's a matter of weeks by the time I pay this loan off then it's officially onto the last loan, that's about $28k. This will take some time because I'm going to slow down while I max out my IRA. I'm shifting my focus a bit after paying student loan number 3 because I'm behind on saving for retirement and I want to make sure I max out my IRA before the end of the year. 


I plan to pause student loan number 4 since it's interest-free for two months and throw everything at the IRA, then tackle the student loan. 


I know this isn't the Dave way but it's my way and it works for me. Age is not on my side. 

Mortgage, Stocks, Debt, and Progress

April 20th, 2022 at 02:59 am

I can't believe where I've come from. I have worked so hard to save and pay off debt. I've done it before but this time seems more difficult. I don't know if it's because I'm older, had more debt, or simply have a better understanding of money. Either way I'm making progress. 

I re-worked my budget to include extra payments on the mortgage. I know some will say why pay extra on the mortgage when you have student loan debts? Well because it makes me feel good and keeps me motivated. So today as I prepare for my trip, I paid my May mortgage and an extra $71.11 towards the principal. I absolutely love the amortization table, I use this to round down my debt. 

Other news, looking at my side bar you can see that I'm way behind the eight ball as it relates to my retirement account. I also re-worked the budget so that I max out my IRA account this year. I'm self-employed so I have no 401(k). I did a little research and learned that a SEP might work for me. I'm able to double what I'm contributing to an IRA to a SEP, so this might work. I've set up a call upon my return with a member of the Fidelity team. 

Also about a week ago, I bought my first stocks, Nike, because I'm a Nike snob. Well it's been exciting to watch how my stocks are doing, following the news on the company and all, not to mention the highs a lows. I'm new to this whole investing thing so I'm nervous as hell, I only bought five shares (I do plan on increasing). I must say that  I'm happy with the progress I'm making. I decided to follow a few other companies and every month when I deposit to my IRA, I'll take a little and buy a few shares. By doing this, I have an entire month to research the companies before purchasing. 

Friday is pay day for me and I'll be dropping $2100 on my student loan, this will bring my third student loan balance under $10k. I'm so happy I can scream. I still cant believe that in just over a year and a half I've paid off over $40k in student loans. Plus my other credit card debts. 

If you're new to this journey, keep pushing it gets better. 

It’s My Birthday!

January 18th, 2022 at 01:00 am

In honor of my birthday and turning the fabulous 48, I decided to pay $48 on my student loan. 

Normally I'm out and about for my birthday but today all I wanted to do was rest. Unfortunately, I worked, well I'm thankful so I shouldn't say unfortunately. I work for myself, and my clients needed attention, and I'm thankful for the opportunity to serve. I am heading to Greece for my birthday later this year, that's my a gift to myself and  I've paid cash for this trip 

In financial news, I've reworked my budget and I should be able to pay the final amount in interest on my student loan, #3, next week, this will allow me to start tackling the principal. With student loans, you must pay the interest before paying the principal. Fingers crossed that I can have this loan paid off before the interest starts back up. 

A Quick Recap of The Year

December 30th, 2021 at 11:37 am

I can't complain this has been a fabulous year. 

Here's a quick recap but ill be spending the weekend reviewing and finalizing things 

  • Quit my toxic job
  • Paid off a student loan
  • Paid down my second student loan 
  • Met my goal of one extra mortgage payment 
  • Met my savings goals 
  • Turned my side hustle into a nice little job 
  • Improved my blood pressure, no longer on meds 
  • Main bills paid through February 
  • Mood improved drastically 
  • Closed out the year with extra payment to my student loan and mortgage 

This has been a great year 

Saturday Ramblings

September 5th, 2020 at 10:38 pm

Today was an errand day for me. First it was Home Goods to return a few placemats, then Walmart for a few personal care products, next Aldi for fruits, then Target 🎯 to return a fall throw and spray paint, and finally I made my last stop 🛑 my mom’s for a bottle of wine I ordered last month that was delivered yesterday. I wanted to support a friend who is trying to earn some extra cash. It felt good getting out and about.

Since last month I went on a little hiatus with my spending, so I wanted to make this month a no spend month, only spending on necessary items. So far, I’ve had five no spend days (only necessary items). While out today, I made sure to pack water, and snacks, so that I was not tempted to buy anything.

It feels good to be back on track with things.

Having spent nothing (only needed items purchased) today, I’m setting aside $2 for my challenge, I’m also participating in a receipt challenge, so for every receipt obtained from purchases I must set aside a $1, today it was $3. The cash comes from my cash envelopes, this helps me to stay under budget.

So far for the challenge I think I have about $900 saved, in July I took about $800 and paid on my student loans. This time I’m not touching it, I hope, lol. I want to get my bedroom set. That’s what the savings challenge money was for initially. I don’t doubt by October I’ll take this money and pay down my student loan though. Lol, why? I really want to pay one of my student loans off by December 31st. I’m so close I can taste it.

For the holiday, I’ll be making pulled pork and potato salad.

That’s it for now

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

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

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.

On Track!

July 5th, 2020 at 07:55 am

I’m finally tackling Chris Hogan’s “Retire Inspire” it’s pretty good. I ended up purchasing it because for some reason none of the local libraries had digital copies. Honestly, I like the way books feel anyway, and I can highlight if need be.

After reading a few chapters I got even more anxious about paying off my student loans, I want to max out my 401(k), IRA and HSA but I can’t until I get these loans paid off. I hate I took these loans out. 😡

Now that I’m doing these user surveys, I get Amazon gift cards so I can use these for books and household supplies. I’m nervous about ordering groceries via Amazon but we’ll see what happens down the line. Any money saved from not buying household goods I can throw at the student loans.

This was a good week, money wise, with the next pay day I will only be able to throw an extra $100 at the student loan. I cashed out the reward cash from the credit card, $27.02 and threw at my student loans, MTD paid, $527.02. I’m on track with hitting my goal of $1000 for the month.

I’m hoping I get the mortgage payment refund back soon. I have to reach out to the broker regarding my $75 application fee refund. That’s on my list to follow-up on Wednesday.

Lastly, I reworked my budget. I bumped my direct deposit to the emergency fund by $100 a paycheck since I’m saving that amount in mortgage, I also reallocated the car fund direct deposit. I met my goal for the upcoming six month car insurance renewal in August, so I was able to decrease the amount needing to go to the account for the next renewal in March 2020 by $100. It feels good, everything seems to be working out.

Refi, Student Loans and Saving Challenges

July 1st, 2020 at 08:42 am

I’m really annoyed with the title company. My rate is locked in for a few more days and we are trying to close but they’re not responding. It’s crazy because I’ve used them twice before with no issues. I’ve given the broker to move on to another company.

I went ahead and paid the mortgage, though the rate is higher, my level of comfortability, is even higher. The broker told me I should be refunded. We will see.

Other news, I received payment from the side hustle, so I paid my tithes, added $100 to the EF, paid $500 on the student loans 👩🏾‍🎓, and kept a little cushion in the checking account in case something comes up with this refinancing. Next week is pay day and I’ll be able to add $400 to this debt. I’m hoping to hit my goal of $1,000 debt payment for July, actually for each month. If this happens I could knock my student loan debt 1 down by $8k by the end of the year.

This month I’m doing well, July is off to a great start. My challenge envelope for the year has hit a little over a $1,000. I had so many plans for this money but I know it’s going towards a new bedroom set, much needed, the drawers are falling apart, and student loans. More than likely I’ll buy used for the bedroom set. The goal is to save what I can then at Christmas time buy the dresser, night stand and new mattress. I’ll be honest, I’m so glad I started these challenges. One it teaches me patience, two, to save for what you need/want, three, I’ve also learned discipline and lastly, usually when I wait, there’s always a great deal.

Next, I’ve got to up the ante on my healthy points for Humana. These turn into cash, well gift cards and I’d love a iRobot for my floors. Last year Christmas I got my fitness watch and I’m down so far 11lbs. It’s away to award myself at the end of the year without spending my own money.

Student Loans

June 21st, 2020 at 08:02 am

Crunched the numbers, and I should be able to add $706 on Friday to my student loans, brining the month to date payment of $1,000. God I pray Congress, approves through the end of the year, zero interest, but if not it, it was good while it lasted. Last week I added an extra $100 to the loans.

I’m hoping to get the closing on the refi by the end of the month, that way I won’t have to make July payment on the mortgage and I can keep those funds in my house mortgage fund, which will be fully funded. The goal was to have at least three months mortgage save, separate from my emergency fund.

I’m excited to get this mortgage payment knocked down by almost $300 a month, this includes escrow. Even with a reduce payment I will continue to add the extra $100 a month. I do not want to stop doing this unless something changes financially.

By paying off the credit cards, reducing my monthly mortgage payments and my side gig, I’m able to save, contribute to my 401(k), pay extra on the mortgage and tackle the student loan debt simultaneously. I know Dave says not to tackle the mortgage, nor contribute to the 401(k), this method gives me a peace of mind.

Speaking of 401(k) I vowed that when ever I paid off a debt I’d add extra to my contribution, though I can’t do an additional $25-$50 as planned, I’m upping my contribution by $10. That will be $60 a pay check. At 46, I can’t afford not to make a change whenever I free up some cash.

Refinancing = Saving Money

June 11th, 2020 at 07:49 pm

By refinancing my house, my mortgage rate will drop close to 4 percentage points, I will save close to $500 a month by refinancing.
Today I locked my rate in

Now that I’ve gotten rid of that credit card, I’d like to build up my emergency savings account, especially since I have no clue what is going on with this virus.

With the savings from the mortgage and the side hustle I should be able to sock away about $1200 a month, two months would put me back at the amount I had saved prior to paying off the credit card. Once I’m back at that amount, I can aggressively tackle the student loans.

Honestly, I have no idea what God’s plan is, however, I’m truly thankful for him sharing with me financial literacy. I don’t know a quarter of what you all know, but what I’ve learned so far has really taught me a lot, and I’m thankful. Knowledge is key and I look forward to this continued financial growth.

Mother’s Day Check In

May 11th, 2020 at 01:21 am

Happy Mother’s Day to my SA family 🌸
Hope you all had a fabulous day.

Financial update
Today I paid extra on the credit card 💳, not much but every little bit helps.

I can’t wait to get back to some normalcy so that I can tackle this card aggressively, I’m praying that I can get this paid off by the summer, and then it’s the student loans. But I’ll continue to save until things seem to be a little normal.

Went to Walmart early this morning, the line was wrapped around the building. I’m glad I went because they finally had a limited stock of toilet paper 🧻. I bought two, one for me and the other for my mom. Literally the last time I saw TP was February. When I make my next trip, if they have it, I’ll buy some because you never know and hurricane 🌪 season is approaching.

Tijuana Flats had a free entree for Mother’s Day 🌸 so I took advantage of that for dinner, honestly, I shouldn’t complain but the food, was extremely salty 🧂.

I’m trying to support the local restaurants, during these times, but the food has been terrible. My nephew works at one and they’re relying heavily on some service and tips so I’m trying to do my part but the last three places I visited it’s been awful.

That’s it in a nutshell for me

Dinner and Debt

May 6th, 2020 at 02:57 am

I have no idea why I never divvied up my meat after purchasing.

I have cooked dinner pretty much all week, and nothing has gone to waste. I portioned everything and I’m loving it.

This week I’ve had pulled pork, chops and spaghetti. In the past, because it’s just me, at least 1/4 to half would have been wasted.

I even froze bell peppers and onions 🧅 now if I can figure out how to preserve lettuce 🥬

Tomorrow is pay day from the side gig. I’m excited because I’ll be adding funds to the CC as well as the EF. The goal is to save aggressively vs the paying down the CC debt until this pandemic situation is under control.

I hadn’t noticed until today, that I’ve got the card 💳 down to $4146, by tomorrow it will be below $4000, wow. I’m so excited about this. I’m sure as I see the balance decrease I’ll want to throw more at it, lol because I’m feeling that way now. Darn coronavirus

Friday Update

May 2nd, 2020 at 12:06 am

Went to the grocery store today, I really wanted to stick to the list, but I ended up picking up a few extra things. The good thing is, I won’t have to go out for a few weeks.

Since this whole thing is going on regarding the food supply, I picked up some ground beef 🥩, pork loin and chops. I did something I never do, and that’s rationing the meat. I decided to divvy up the meat, so that I could what I eat and nothing goes to waste. For example; I can cook one chop at a time vs the whole pack.

I live alone and I find that when I cook an entire pack of meat most of it is thrown out. Coupled with meal planning, I’m hoping this helps.

I’m in a ton of Facebook groups regarding saving money and paying down debt. This month it’s drink water only, for every day I have water only, I’ll add $1 to my challenge envelope ✉️. For the days I don’t, it’s $2. I’m also participating in keep change challenge, where you round up the change and save it. I like this since I’m not using cash due to COVID.

Lastly, I paid an extra $250 on the CC. Again it’s not the extra amount that I would normally pay, I’m in storm mode saving because I have no clue what will happen with COVID

Making Some Adjustments

February 15th, 2020 at 01:44 pm

Made some adjustments, I revised my W4 form and decided to have the contribution to my retirement, $100 a month, be pre-taxed and go to my 401(k) at work. This will reduce my taxable income. Hopefully, I’ll see the bump again in my take home pay. I’m scheduling a time to meet with the accountant.

I also decided with the extra $700 a month from the consulting gig, $100 will go towards the mortgage principal and $600 to the credit card. I really think in about 5-7 years I can be debt free, with everything, credit card, student loans, and home.

The money I save during the months, completing saving challenges will go towards my 50th birthday celebration, that way I’m still budgeting for paying off the student loans, credit cards, and they’ll be no new plan to save to another sinking fund, taking away from my debt reduction payment plan.

I’m part of a Facebook group that challenges you to reduce your spending each month. This month’s challenge is debt pay down. Anyone who pays down $200 in debt, will be entered into a drawing for a gift card of their choice. I’m on my way to about a $600 pay down.

The group also has a weather challenge for February. Basically each Wednesday you record your high and low, add the two together and save that amount. I move the decimal since 115 wouldn’t be doable, so I save $11.50. The cash comes from my cash envelopes. This challenge helps me to manage my cash envelopes, it’s my attempt to come in under budget in my envelopes.

Next week is pay day, I’ll be making an extra payment to the credit card, that will bring me under the $5,000 mark, I’m so excited. Fingers crossed that this card will be paid off by June and then it’s the student loans. I’m so excited

On a different note, my profession is HR. I’ve been slacking in the area of advancing my career. This year, I set a goal of attending one networking event, or training and to read one article a week, regarding the industry. Well last month’s event was great but this month’s was absolutely fabulous. I got to hear challenges that others are facing, and I realized I’m not alone. The round table was amazing. I’ve learned I’ve been settling, and I decided not anymore. I’m worth more, I will no longer let anyone tell me what I’m worth.

Turning 50

February 8th, 2020 at 11:17 am

Great week this week.

I received a really nice compliment at work, and I so needed it.

Yesterday was pay day, I saved $375 in sinking funds, this include the IRA contribution, paid an extra $200 on CC10, came in under budget in my cash envelopes of $53 and saved $82 for my challenges. Not bad.

Things are really working out well, financially. Saving and knocking out my debt is my focus.

Other news. In four years, I will be 50. I’ve always wanted to visit Monaco 🇲🇨, since I was a kid. Though I have debt 🙄🤦🏽‍♀️ would it be wrong for me to start saving for this trip for my 50th birthday? I know Monaco is super expensive and I figured as a treat to paying off debt, this would be it. By then, I would have all credit. Add debt paid off as well as one student loan.

Raining Iguanas

January 24th, 2020 at 12:53 am

Freezing. Tuesday we were told to buckle up and watch out for falling iguanas. Well yesterday it was in the 40s 🥶 and the iguanas 🦎 were everywhere 🙄🤦🏽‍♀️

Having been born in Florida and lived here my entire life, 40s is like below zero for me. However, I put my PJs on, loaded my bed 🛌 with blankets and guess what? I was okay. I thought I’d wake up freezing and too nervous to get out of bed to turn the heat 🔥 on, but I didn’t.
The blankets definitely kept me warm. If I can keep this up, my electric bill should be really low, like $40 bucks.

It’s been a game for me to keep my electric bill down, I love the challenge of getting it lower, I average about $10 less each month.

Other news, day 23 and I did not eat out, not even a soda 🥤. I’ve been doing very well, I’m striving for 31 days.
I’ve also had about 21 days of not spending money as well.

Today I received my reimbursement of $160 for my professional certification, I’m so exited. I can officially stop this sinking fund now, I’ve met my goal of $500. The $25 I was throwing at this account will go to the car fund since I literally cleaned it out last month with close to a $800 repair.

Tomorrow is pay day and I came in under budget by $87 with my cash envelopes. I transferred $41 to my challenge envelope for January, brining my total cash saving for the month so far to $94.

Oops lastly, I decided to create a few charts to track my payoffs, thanks for the tip everyone. I’ve also decided to use undebit, I’m feeling excited about it.

How Do You Stay Motivated?

January 20th, 2020 at 02:12 pm

So far this month I’ve paid off $664 on CC10, things are really moving along in the credit card 💳 front.

I’m also participating in a few saving challenges, word of the month, no dining out and, 52 Week Challenge.

Basically the word of the month, you select a word and the corresponding letter of the word in the alphabet you save. For example your word is save. S is the 19th letter, A is the first, so I’d save $19, and $1.

For each day I do not dine out, I add $1. I’m taking the funds from my cash envelopes ✉️ , forcing me to try and come in under budget.

I’ll admit, it’s been tough but I’m liking it, the challenges that is.

However; I have a question, how do you all stay motivated? I’m so tired at times. Though I’m paying off debt, my student loans continue to grow, and on paper the debt seems to not decrease. Last year was the year I was to begin to tackle the student loans, then I got hit with the lawsuit. At times I feel defeated. I know I can do it, but lately I’m just bummed about it.

Birthday Blues

January 16th, 2020 at 11:13 pm

Well it’s been a pretty good week. Tomorrow I turn 46, wow.

I feel somewhat down because I feel like I haven’t gotten myself together financially; however, I’ve made some progress.

Rather than focusing on the negative, I’ll focus on the positive.

Today, I paid an extra $453.78 on CC10 knocking the balance down to $5,500. Tomorrow’s billing cycle ends, so I’ll be hit with interest 🙄🤦🏽‍♀️. I did look at transferring the balance to a zero interest card but the fees to transfer wasn’t worth it. I’ll have the card paid off in a about four to five months.

I also added $50 to the EF, $50 to the IRA account.

This month I have not eaten out, 16 days. Wow. I almost gave in yesterday, it was the sorority’s Founders’ Day and I really wanted to hang out with my girls but paying the credit card 💳 debt was the best decision. I’ve saved a ton by not eating out.

Tomorrow I’ll head to Sweet Tomatoes for my free birthday dinner.

Lastly, I decided to get the quote on the hurricane shutters before the season rolls around. It’s so difficult for me to find some one to come and put the plywood up. I wish I could find a decent handyman. I’ll apply for the city grant for reimbursement

Sinking Funds are Great!

December 28th, 2019 at 04:47 pm

I realized that I completely over budgeted/saved for my professional certification renewal. The fee to renew is $160 vs the $400+ I was thinking. $400 was the actual exam 🤦🏽‍♀️🙄.

I try to attend free events and listen to webinars for certification credits, but would really like to attend a convention. However; $2000+ for a convention is just not in my budget. My employer would reimburse me but my boss gives us such a hard time in that you feel so uncomfortable asking, it’s not worth the hassle.

Given that I over saved and also have the funds for my second renewal that’s due next year (I have two professional certifications), I’m going to change the saving amount from $25 to $10, per pay period. I’d still like to keep the cash on hand in case an event/training comes up that I’d like to attend and I’m not reimbursed by my employer. The good thing is, if I’m not reimbursed, I can use this has a business expense, since I have the consulting gig.

The goal was to hit $500 for the professional sinking fund and stop. Hopefully I’ll be reimbursed for the renewal and with the first pay check in January, I can stop outright, I’d hit my goal.

Meanwhile the extra $15 I’ll throw at the car sinking fund, since I’ve cleaned that baby out. But if I’m reimbursed the $169 and hit the $500 mark with the first paycheck in January, I can stop funding and add the extra $25 vs $15 to the car fund, to get that back up.

I’m so thankful that I found out about sinking funds. It actually, well for me, make saving so much easier. I prefer this method, rather than having one account for everything.

Though I didn’t meet my debt repayment goal for 2019, I’m still somewhat in the dumps about this, I’m also thankful for the sinking fund and the ability to pay cash for things, such as the legal bill, car repair, electrical repair etc. Who would have known I’d be back on my way to financial freedom.

Friday Updates

December 27th, 2019 at 05:22 pm

Well final cost to repair my car $776.26
The funds actually came out of the sinking fund that I save for car repair and a new car. I sort of feel defeated but I am thankful for being able to pay cash for the repair. I literally knocked my car sinking fund down to zero. I went ahead and got my headlights cleaned, cost was $80. It had become increasingly difficult to see at night. I’d tried the toothpaste remedy and other stuff but nothing cleaned them. Pray fully I can the get the sinking fund back up.

Today was pay day, and I wasn’t able to add extra to the CC 😢. So I’m feeling really down.

Needless to say, I socked away about $344 to sinking and emergency fund.
Added to my IRA. I almost changed the amount by $25 less, but opted not to. I need to stick with the plan, of bumping my IRA contributions every year.

I paid a few miscellaneous bills, and tithed. Today I’ll be stuffing my cash envelopes.

Next month is a better month. I should be able to throw about an extra $300 to the CC, and $400 to my car fund.

I set the bar high for 2020, the goal is to pay off $20k in debt. I know it’s going to be tough but if I keep a lean budget, blog so that I’m held accountable, I think, no, I know I can do it.

I’ve got to stay focus and determine as it pertains to paying down debt and saving. Though this year wasn’t too bad, I just feel like I should be further along

Dryer and Electrical Issues

December 10th, 2019 at 11:41 pm

I’m so glad I followed my first mind.

I was having issues with the dryer. I called the repair guy because the SO never picked up the free one for me. Well I found out it’s not the dryer but the socket, there’s an electrical issue.

Cost to have the appliance repair guy out, $65 but at least I found out it was electrical and avoided a potential fire 🔥. I’m on the fence with this though, because the dryer isn’t getting hot. I’ll see what the electrician says, I’m nervous

The repair guy’s exact words to me as he showed me the plug 🔌 on the dryer was, “ I’m glad you had this unplugged, you could have had a serious issue.” The plug was burned and so hot he couldn’t even touch it.

I have an electrician, I’ll see if he can come out Friday, since I’m off. I’m also thankful, that I had the sinking fund for household repairs, though this is an inconvenience, I’m not frantic over how I’m going to pay for it.

Talk about scary.

Financial news, I’ve been so stressed at work that I’ve been dining out. Well I decided enough, buying breakfast is costly. Not sure why I allow these things to get to me, work that is.

I sold an item on Poshmark, making $7.05, can’t wait for this to hit my account.

I spent the afternoon getting my planner ready for 2020. The goal is to pay off CC10 by the first quarter of the year. Once that’s done, I’ll be tackling the student loans.

For me it’s peace of mind but I know most of you won’t agree but once CC10 is gone, the goal is the following
* $100 monthly to EF
* $100 monthly to IRA
* $100 extra monthly to mortgage
* $500 extra to student loan

After calculating everything, savings, expenses, I could actually add an extra $1000 a month to the student loans once the CC is gone. I’m feeling excited for 2020, we will see.

Saving, Budget and Poshmark

November 13th, 2019 at 01:10 am

Took a look at the budget and I’m now able to bump my IRA contribution by an additional $25, it’s not much but hey it’s better than were I was, $0. This will bring the monthly contributions to $100.

I’ve also decided that any additional income, such as the consulting gig, I’ll take 10% of that earnings and add it to the IRA. The remaining will still go to the goal of savings six months of expenses for emergencies, once completed I’ll then tackling the CC and student loans. So long as I stay focus on this plan, I think everything will be good.

Next month I’m anticipating about $910 for the consulting. We’re adding a training so that’s the extra income.

Lastly, I sold an item on Poshmark, the buyer gave me five stars ⭐️, and I was able to cash out my $4.05. Selling on Poshmark is a very slow process but at least it’s extra cash for things I don’t want.

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