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.
Viewing the 'Reaching Financial Freedom' Category
So far this month I’ve paid off $664 on CC10, things are really moving along in the credit card 💳 front.
Rolled my coins and I had a total of $29 dollars, not bad.
I can never understand why people take their coins to a coin machine to count and pay a fee. It took me just a little time to do so. Even before I was living a frugal life style, I never did this. To each it’s own.
The $29, went towards the remaining credit card debt. 😀
Friday is payday and I’ll be adding an extra $157 dollars to the credit card. I think by doing that, I’d pay an extra $800 this month towards it. I can’t wait until Friday so that I can take care of it, and calculate my MTM total.
My top priorities for the first quarter of the year, boosting my EF, paying down/off the CC and paying extra on my mortgage. The extra on the mortgage is a must for me, I feel disappointed/depressed for some odd reason when I don’t.
Once the CC is gone, I can go full throttle on the student loans, averaging about $600-$800 extra a month on it. I can’t wait.
As you all know, I’m trying to learn more about investing. I’m not quite ready yet, but would like to learn.
I met with a financial advisor today who told me, that I can take my rollover IRA, that I’ve contributed funds to after taxes, and roll back into my 401(k) on the job. Now, I’m not that knowledgeable but to my understanding this is a no-no and can be viewed and double dipping. I remember reaching out to a Fidelity adviser who informed me it wouldn’t be best to do that.
What’s your thoughts? I’m just looking for your input, and will definitely review on my own as well.
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.
I get a natural high checking my energy bill. Lol. My next bill is projected to be about $52. Wow 😮 is all I could say. If I can get that bill down to $52 that would be awesome!
Yesterday I did not have one soda, I also only bought what was on my list, while grocery shopping; in addition , I stuck to plans to not donate money an event I had attended. I always feel guilty but I didn’t budget for something like this, so it was a no for me.
Checked my Murphy points and I have about 720 points, that’s .72 cents off gas per gallon. I’m waiting to get to 1,000 points, that will give me a buck off each gallon.
I realized that the way my mother speaks is simply by yelling, all weekend when she called she was screaming, so much so, it gave me a headache. I don’t think it’s intentional, just believe that, that is all she knows 🙄🤦🏽♀️
SO stop by in tears, I just listened didn’t respond. I’d told him awhile ago to seek counseling so it’s up to him. He needs to come up with a ton of cash by tomorrow or the bank will take the mom’s car. He called his siblings for help, but no one offered to chip in. I did tell him he can’t wait for an offer, he needs to ask.
If it was me I’d let the car go. She shouldn’t be driving anyway, and he can’t afford it. One thing he did say was, he got himself in this mess. I’d say he sure did, if he refuse to take things over because he fears hurting the mom’s feelings, well he’s right where he wants to be. He’s a fool
Went to my first HOA meeting last night and boy was it a doozy. I went with the intentions of obtaining information only, meeting my neighbors but I became quickly upset as with other residents.
I was extremely annoyed that questions being asked by the residents to the board and the attorney was not being answered, no one had a copy of the bylaws. As I sat there I sent a email to the management company requesting a copy. It disgust me more that the attorney hired to represent the people appeared as though she was there to represent the board who told the residents they were not holding the meeting because they wanted to keep their seats. Unbelievable!
This is going to be quite interesting. I didn’t think that I would be too active but it appears as though I will be.
Other news, two days in a row I fell off the wagon and ate out. Ugh
I told myself that what ever I spent eating out I needed to add to CC9 so I’ve been doing so.
I reached out to my sister and told her I wanted the $50 she owed me. I’m taking this and adding to my sinking funds, home repair and HOA fund.
Last month I spent a $123 for work, found the receipt for reimbursement finally. I’d initially used the CC for this purchase but the credit card has since been paid off. I’m thinking I should add to my January mortgage payment (principal), student loans or pay down CC9. Who would have thought I’d be struggling with deciding which debt to pay off first. 🙄🤦🏽♀️
Aldi’s hiring event is today. I’ve only noted my availability for the weekends, pray for me that I get the job.
As a cashier the hourly rate is $12.70 and I think close to $18 as a manager. I really don’t care about which one is offered, so long as I land a job. The goal is to use all the funds from this job to throw at the student loans. I know I owe the money but the mere fact that when I pay extra it’s only to the interest it just burns me up.
In other news my phone crashed, I did trade it in for a new phone, the good thing is I paid cash. The bad news is it was $300. I did pricing refurbished phones 📱 , but this was cheapest (iPhone 📱) with the series (7) and space. I know why an iPhone? It’s one of those stupid loyal to the brand thing. One of the reasons why I didn’t stop adding to the EF when I hit $1,000 was because I was saving for the day this phone crashed. I’d canceled the insurance last year, and didn’t want to be locked into financing with the carrier again. That process always seems like it takes you years to pay off.
Other than that I have nothing to report
Ugh interest🙄. Received a new invoice for CC7 that included an interest payment of $80+ , I went ahead and paid it off. I hate when you pay a bill another comes with the interest.
Looked at my student loans, ugh and what I’ve found is that in order for the balance not to increase and kill me I need to pay an extra $200 a month on interest, this will stop the balance from increasing, breaking even until I pay off the last two CCs. Now that the other cards are paid off, I can do that and still pay bills and add to EF. I hate interest 😡.
I’m opening up a separate checking account for the mortgage, and HOA. Though I haven’t closed yet, I want to jump start on socking away for this. Closing looks like December, that will give me 60-days to put things away and have two months saved.
Yesterday I woke up and the cable was off. Smh. I lost it, I called my SO told him I wanted him out. Told him that I can’t keep doing this, that it was mentally, physically and emotionally draining. I told him that I don’t need nor want his bad financial habits to cause me to lose my house and that he needed to go.
Came home after work, and the cable was on but it doesn’t negate the fact that he pays everything late, every three months the cable is off, and he does the bare minimum. I want him gone!
This weekend I’ll be looking for a part time gig, since the holidays are rolling around, this should be easy. Plus I should be taking on another department, that will give me a raise of about $12k, fingers crossed
That’s it have a good one everyone
Good morning all!
The house the debacle is over, I received my check and paid off CC6, CC8 and CC7 will be paid off today.
I decided to purchase the villa that I’m in. The landlord agreed to $140K, and the place appraised at $150K. The good news is by me purchasing the rent/mortgage will be cut in half. The extra money saved, I’ll put half towards EF and the other towards the remaining debt.
I still have the 8k saved so if anything comes up with the home that’s where I’ll dip into. I don’t include this amount in the sidebar.
We are also expecting to relinquish a high level employee, her duties will be split amongst managers so, I should be getting another raise. Upward of about $10k - $12k
Just paid over $300 on the Target 🎯 bill, my new balance is $349.61. I should have this sucker paid off by the end of April, thank you Jesus.
I pulled my credit score with Transamerica and it was 698, not bad. Think my high score was 702. I noticed that as I pay these suckers off it's creeping back up. The jump is due to the decrease in high balances.
Back to Target, I'm going to be really annoyed if my payment isn't posted right away. They have a tendency of holding high payments. They actually suck, you can only make like two payments in a 7-day period, you can't add decimals. For example, I'd budgeted $348.76 but had to round up. No big deal but I like a balanced budgets, no over budget items just under. And lastly they hold large sums of payments. They make it extremely difficult to get your balance down.
It's 3:29 am and I've already spent the following:
* $196.08 Tithes - not negotiable
* $20 vacation club (savings)
* $211 JCP - minimum payment that include my AAA purchase
* $349 Target - debt snowball
Though a lot has gone out and I haven't cut the rent check yet, I'm thankful because one, I never thought in a million years that I could and would be faithful with my tithes. Secondly, with my raise and paying down debt, I've freed up over $500 a paycheck. Right now all you see are the payments but I'm about to add a total of $107 to my savings. All I think about is, when CC4 💳 is gone that will be another $50.
I'm so overwhelmed with mix emotions. I'm upset that I'm on this journey once again and I'm glad that I'm doing what it takes to no longer be slave to the lender.
I know it takes time and that I'll get there
I went ahead and paid $37 on CC4 knocking it below the $700 mark 😄. I'm so excited, that I'm trying to think of ways to actually have it paid off before May 1st.
My quarterly goal was to pay off one CC per quarter, I've already met my first quarter goal but it sure would be nice to make it two, in one quarter. I'm not going to stress too much about it because I'm already on track.
I also added an additional $38 to the EF bringing the total to $1174. This is awesome because I want to save at least a $100 a month, and I've beaten that goal for March already 😄. In addition; I'd budgeted $65 for the truck registration and it was actually $49 so I'll be adding the difference to the EF.
On a different note, I have cut out TV, the best thing I could have done. I find that by not watching tv 📺 I get to work on time, and there's more time in my day. Next on my list is social media. I have however; been listening to a new podcast, Jen Hemphill, I like her. She discusses finances and interviews an array of people.
Lastly, the SO and I just finished up our bible study 📖, I'm not sure what's happening but he's making some progress. I did end up asking how his week went with no spending and he said pretty good.
Edit to post. Just noticed that the funds for an item sold on Poshmark was now redeemable, $7.05, so I added this to my EF. I'm so excited. Things are trucking along. New balance $1,181.05
I had budgeted $110 for the optometrist. Well for some reason, things just didn't sit right. I had scheduled my appointment but something kept nudging at me to call them. So I did and found out that my renewal is in July.
I ordered my contacts, that came to $34.99 and canceled my appointment. I'm going to pay half of what's saved to the CC and put the difference in the EF. But a part of me is saying add the entire $75 to CC4. If I did this it will bring the balance to about $658.