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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.

Retirement
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

Thank you for the great advice

May 22nd, 2019 at 03:49 pm

I received my $11 survey check finally. I really wish they would make the funds available direct deposit. But I’m not complaining it extra cash.

Now I’m trying to decide if I should throw the $11 at my EF, CC9 or my Vanguard account. I need about about another 6k to have six months of expenses. Unbelievable, $11 and I’m struggling with this. 🙄🤦🏽‍♀️

I want to say thank you to this group for chiming in on me opening my retirement account. I had heard of the conversation but for some reason I had no clue exactly what it was. I liked the Roth due to the delayed tax but as Monkey Momma pointed out the traditional may be best for me saving on my taxes, especially as I’m paying down my debt. I’ve decided to throw 2% each pay period to the Roth. Once CC9 💳 is paid, I’ll throw 3% to the traditional and 2% to the Roth, since it makes no sense for me to now close the account, unless you all have another suggestion, I’m open. But right now it’s 2% until CC9 💳 is paid off. Once CC10 💳 is gone, it will be 5% to both and any extra cash will be split between both. Once the student loans are gone, hopefully three years, I can drop 15-20% to these accounts.

Other news, last night I hosted bible study 📖 and provided snacks for $13.36. I was able to find reduced produce on sale and used my healthy rewards card, saving me another $1+. I almost spent close to $30 on prepackaged fresh fruit but remembered I’m on a budget and I needed take my time and find the most cost effective snacks. When ever I’m in a rush, I over spend.

I went to a job fair today for my organization, made sure I packed snacks and drinks so that that way I was not tempted to purchase over priced snacks and drinks. I also drove home to have lunch. It makes a huge difference when you pay in cash 💰. I have $20 left in my dining out account and there was no way I was going to waste it, I lost $40 over the weekend, forgot my lunch Monday, and spent $10. So I’m not a happy camper.

Thank you for the great advice

May 22nd, 2019 at 03:36 pm

I received my $11 survey check finally. I really wish they would make the funds available direct deposit. But I’m not complaining it extra cash.

Now I’m trying to decide if I should throw the $11 at my EF, CC9 or my Vanguard account. I need about about another 6k to have six months of expenses. Unbelievable, $11 and I’m struggling with this. 🙄🤦🏽‍♀️

I want to say thank you to this group for chiming in on me opening my retirement account. I had heard of the conversation but for some reason I had no clue exactly what it was. I liked the Roth due to the delayed tax but as Monkey Momma pointed out the traditional may be best for me saving on my taxes, especially as I’m paying down my debt. I’ve decided to throw 2% each pay period to the Roth. Once CC9 💳 is paid, I’ll throw 3% to the traditional and 2% to the Roth, since it makes no sense for me to now close the account, unless you all have another suggestion, I’m open. But right now it’s 2% until CC9 💳 is paid off. Once CC10 💳 is gone, it will be 5% to both and any extra cash will be split between both. Once the student loans are gone, hopefully three years, I can drop 15-20% to these accounts.

Other news, last night I hosted bible study 📖 and provided snacks for $13.36. I was able to find reduced produce on sale and used my healthy rewards card, saving me another $1+. I almost spent close to $30 on prepackaged fresh fruit but remembered I’m on a budget and I needed take my time and find the most cost effective snacks. When ever I’m in a rush, I over spend.

I went to a job fair today for my organization, made sure I packed snacks and drinks so that that way I was not tempted to purchase over priced snacks and drinks. I also drove home to have lunch. It makes a huge difference when you pay in cash 💰. I have $20 left in my dining out account and there was no way I was going to waste it, I lost $40 over the weekend, forgot my lunch Monday, and spent $10. So I’m not a happy camper.

Retirement Part III

May 20th, 2019 at 10:18 pm

I’m all mixed up. Thanks everyone for your advice regarding the Roth account. I thought when I read the “all about Roth’s” section, it stated that taxes were basically held off and at age 59 1/2 one could withdraw without penalties. 🤦🏽‍♀️🙄

I also had no clue about the conversation from a 401(k). So now I need to open a traditional IRA to transfer the funds. I’ll do that this weekend, once I’ve done a little more research and asked more questions.

Now my is question, though the amount to open the Roth was minimal, what do I do with it, if I’m opening a traditional IRA? Do I keep both and from time to time make a contribution? I personally feel like one is enough for me to try and manage until I get these credit cards paid off.

Also it looks like the Roth doesn’t allow me to pick funds as of yet, due to the balance I think, the current fund is VMFXX. From what I can tell, I’m still learning, the risk factor is extremely low, the investment is designed to provide a current income while maintaining liquidity. I get this part, but it also states it has a stable share price of $1, what does this mean? I think the cash on hand doesn’t change regardless of what the market is doing.

Retirement Part II

May 19th, 2019 at 08:09 pm

Well this week I plan on taking a look at opening a Roth IRA, I’ll be contributing about 3-5% each pay day. Someone in a previous post mentioned Vanguard, I’ll be doing a little bit more research but was wondering if there are any other financial institutions you may recommend?