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Cutting Expenses

September 8th, 2019 at 04:18 pm

Well today was great, I finally tackled the pillows I was making for the patio and they turned out great. I have to get a few pots to plant a a few flowers to tie things in. Next it’s the spare bedroom. I told the SO it’s time to come and get the rest of his things, 30-days is more than enough time.

For dinner, I took the left over chicken and made chicken pot pie, this will be my lunch and dinner for the next few days.

I also unplugged a few more items in the house, one being the Keurig, I don’t even drink coffee, if the SO don’t take it I’m selling it. Signed up for auto pay, knocking $10 off my internet bill. I’m going to save up and buy a wifi tower so I don’t have to rent AT&T’s 🙄🤦🏽‍♀️

I’m desperately trying to figure out how to cut expenses.

Pay Day

August 9th, 2019 at 02:09 am

Pay day was today and this is what happened

* Saved over half of September mortgage payment
* Reduced CC10 by only $15
* Added to my retirement savings
* Added funds to the sinking funds
* Set funds aside for auto pay bills (e.g. water, car insurance, cellphone)
* Paid half of the astronomical cable bill that is due on 8/17 🙄, and
* Paid tithes

Most of this check went towards saving, and I’m happy with that. I’m anticipating a reduction in my electric bill with the SO gone but not so much with the water, since I’ve been pressure cleaning.

I noticed I won’t be saving much with SO gone on the cable as I thought. Why? Well when we split the bill it was $85-89 per month, now with just the internet it is $70. So my savings is really, approximately $200 a year 🤦🏽‍♀️🙄. I’ve got to look for cheaper, internet service.

Lastly I’m going back to meal prepping

Slow Mortgage Payment

July 27th, 2019 at 02:56 am

Though the mortgage is not a priority right now, I can’t help but feel defeated.

Since closing, I’ve paid extra, not much, but I wanted to get into the habit of doing so. Any way today while checking balances, I noticed that, finally the principal has been knocked down by a $1,000 lol.

Now I know why it takes forever for some to pay off a home. I mean, I know that the first few years you’re paying primarily the interest, it just me, when viewing my statement, that if I continue like this, I’ll be paying a mortgage into my late 70s.

Goal is to have this baby paid off in at least 10 years. Right now I’m rebuilding my savings, EF, once that’s done I can start back tackling the credit card again and the student loans. I really do believe, I can have everything gone in 10 years

Pay Day and Savings

July 26th, 2019 at 04:48 am

Today was pay day, and it feels good to cut a check for everything that’s due between now and August 9, pay day. It’s such a breeze, I don’t feel anxious/anxiety about paying bills.

I’ll be updating my sidebar with new totals but I realize I’m living below my means. I’m saving about 20% of my take home pay. Though most of it goes to sinking funds, I do add to my Fidelity retirement account, and it’s still saving. I’m actually in shock, I’ve never really save that much of my income. I would save, $20 - $50 here and there. Once I get rid of CC10 and the student loans, I should be able to bump the saving percentage to at least 50%.

Yesterday was SO birthday. I spent $16, I did get him flowers and a card. We were going to go out for dinner, he eats free on his birthday, but my stomach was so upset, we didn’t go. So now we’ll pick another day. He was shocked that I bought him two dozens of roses 🌹 since “I’m so cheap” as he says. Well I didn’t tell him but, the flowers were buy one get one free, no need in leaving the flowers. Lol. Now I’ll admit I was a little annoyed about the card, $5. I can’t believe that greeting cards are so expensive. He was funny, he looked at the back, I told him, it didn’t come from the dollar store but next time it will. Lol

So as we sat around discussing my frugality and laughing, his mother came up. She did not have the funds to make payroll again yesterday, so I guess he had to scrounge around to do so, that means he did not get paid. I changed the subject. I’m over the lady, and the fact that he won’t address the issue and take over the business. As I’ve previously told him, I’m not going into 2019 with you and your mom BS, I don’t care what the two of them got going on. He’d better have my rent money, that is $850 a month. He’s been paying it, and I’ve been happy. I’m going to hold to stick to my guns, because if he does not have my money on August 1, he’ll be out August 2. He can go live with his momma

Pool, Credit Score and More

June 30th, 2019 at 11:08 pm

I’m so glad that the weather cleared up ☔️ so that I could hit the pool. The water felt great! Who says you can’t have fun while on a budget.

Our HOA is expensive, $185 a month, before I bought the place, I never went to the pool. The landlord made a comment once that the rent didn’t cover the HOA. I left like hmmm you don’t own your home so why go? I know stupid but I didn’t. I would ask the SO to go and he always said no, as well. That was another reason why didn’t go. Well I decided I’m going with or without someone. I’m paying for it now and these last few weeks I’ve been going and I’m like a kid in a candy 🍭 store anxious.

I only had one swimsuit and would have to keep washing, I found one at Walmart today for $9 and one at Target for $14. I’m good now because on average I go about 3x a week.

In other news I’ve set my goals for July
1. No dining out
2. Save and add $1,000 to EF
3. More cardio

I sold an item on Poshmark for $6 my earning was $3.05, adding to the EF.

I checked and my FICO score is now at 791. I can’t remember the last time it was this high. I know it has to do with me reducing my debt. I’ve always had a high debt to income ratio due to credit cards 💳. I’ve always paid the bill on time so I thought all was well until I realized I had no money left after each pay check.

Needless to say, as I continue to pay down debt and save more, this score will decrease and I’m okay with that. The goal is to not borrow again.

IRA Rollover

June 7th, 2019 at 07:59 pm

Trying to transfer my funds from one 401(k) to another is like pulling teeth.

First I couldn’t log into my accounts. Next the jerk at one of the firms didn’t send me the rollover forms, and the second one I couldn’t locate the forms on their site. 🙄🤦🏽‍♀️

I’ll tackle it Monday, it’s just so frustrating, I can roll over at least close to $3k and start contributing. My goal is to soon live off of 15% less than I make.

I logged into my BOA account (CC9) and see that I have a credit of $2.30. This is the savings from Michael’s. I wonder if I can ask them to deposit the funds into my checking account?

Interest Waived on CC9

June 6th, 2019 at 04:37 am

Logged in and the interest hit my account for $23.69.

I can’t remember who recommended it but thank you. I called the bank and they removed the interest. I’m so excited.

Finally, Paid in Full

June 5th, 2019 at 02:53 am

Finally after three days the last payment hit my account, I can officially celebrate! This card has not had a zero balance in about 10 years.

I haven’t transferred the extra money from what SO gave me, to the retirement account yet because I’m still waiting on the interest to hit the card.

I’m thanking God for sending a message and reminding me that the borrowers slave to the lender and moving me along this journey. I’m thankful for you all support and tough love at times.

No Luxury Hand Bag For Me

June 2nd, 2019 at 07:12 pm

So my friend just bought a new luxury bag. This is the same friend who told me to change my outfit for Mrs. Obama’s book 📚 tour 🙄🤦🏽‍♀️. Anyhow she’s complaining that her student loans were in the 30s and now it’s in the 100s, she’s five years in since her last payment and she’s waiting her 20 years for loan forgiveness. Actually she wasn’t complaining she was quite content with it. Um okay 🙄🤦🏽‍♀️

I told her as much as I would like a luxury bag, my priority is to pay off my debt. Makes no sense to have a $1000 hand bag 👛 with $2 in it and my net worth is a negative $180k. I’ll pass.

Meanwhile, I got an extra $125 from the SO, I have to buy a ticket for a fund raiser event, I was going to cash flow (already budgeted) but since he gave me the money, I’ll use what he gave me, and the remaining will go to CC10.

Today was the first day that I drank a total of 66 ounces of water 💧. I’m so proud of myself. I’ve had it on my list of goals to drink more.

Getting there

June 1st, 2019 at 06:53 am

Now that CC9 is paid off I want to do something to celebrate but I don’t want to spend too much money 🙄. I’ve been planning for this day, even saving for it and I’m like nope 👎🏾. I can’t think of anything fun that’s reasonable to do. It’s a mile stone for me. Maybe I’ll pack a bag and head to the pool 🏊‍♀️

One of my good friends invited me to her place on the beach for Labor Day weekend. I simply need to get there. Tickets are $200+ , it felt good to be able to say yes I can make, since I’ve stashed a few dollars for fun/milestones. I’m thinking that I can book my trip and this would be my celebration for paying off CC9. It’s a mini vacation with great people.

I rolled my coins and had a total of $34.50. SO left his rent payment so I’ll be heading to the bank 🏦 to deposit his payment and the rolled coins. I hope I remember to ask for coin roller paper, no need to purchase if the bank gives them to you for free. I’ll be adding the $34.50 to the retirement account.

I finally accessed one of two of an 401(k) I had with an employer. I worked there for 6 months so the balance is only $225. I’ll roll this into a traditional but I can’t locate the account number to set up the rollover. I tried calling and they’re closed. The second account I think may have about $2000 so I’ll roll this one over as well. I can’t access this account either, so I’ll have to call on Monday as well.

Other news, today I’m heading to Walmart. I’ll be picking up items to prepare for my meals. On the menu, pork chops, spaghetti 🍝 (again lol) and I still have chicken left so I’m adding green beans to it. I’ve fell in love with meal prepping. I notice I spend less at the grocery store 🏬 and life is so much better in the evenings. I’ll pick up a few fruits and throw them in individual containers, and it’s water all week.

I feel like I’m finally making some progress. Pray fully CC10 Will be done by the end of the year and then it’s the student loans. I’m anticipating about 3 years to pay them off

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