Checked the balance on CC3 and it was $729.16. The $29.16 annoyed me so I added this amount to the card 💳, new balance $700.
I'm hoping to get this card down to $600 before the new year, maybe even $500. My next two budget periods are very lean and I have a $300 buffer in my checking account. I know, but for me this gives me a peace of mind. I'm so afraid that if I don't keep a buffer I'm going to use the CCs 💳. I'm also afraid to cancel them. Once I hit the $3,000 mark in the EF and pay off a few more CCs 💳 I can say whew, close out the accounts and not keep the buffer.
The buffer is primarily because I live with the SO, and most of the time he doesn't have his share of the rent until the second or third, that drives me crazy because it's due on the first. I'll be the first to say, I'm no pro with money, but I've always been super good about paying my bills on time. I hate paying late, and any late fees associated with it.
One thing that I'm excited about is, this is the first time I ever created a sinking fund (saving for a want and need); and come January 3rd I'll be using the funds to purchase my season ticket, cash. Notice I said "my" and "ticket" meaning one ticket and with cash.
Normally, I'd purchase both mine and the SO tickets using a credit card, I'll tell him and he'll say, "I'll give it back to you." Months go by, no money and I've racked up the credit cards, I've done this three years in a row. I've shared and reminded him that his share is due by the 3rd. The thing about it is, if he has his share it will save me $30 . For six tickets it's $60 plus an additional $60 for the parking pass, total $120. If he buys his, the grand total then turns to $180, We would split this in half to $90. Either way I'm prepared. It's cheaper to buy the parking pass than paying upon arrival.
I can guarantee you, he won't have his money. I'll admit I'm a little nervous but this is a tough lesson he's going to have to learn. I cannot and will not keep footing the bill. I know him, when he learns that I only purchased the one ticket he'll say "wow" and think that I'm being selfish, not realizing that at the age of 45 soon to be 46, I'm teaching him a valuable lesson, as well as myself.
Viewing the 'Reaching Financial Freedom' Category
Checked the balance on CC3 and it was $729.16. The $29.16 annoyed me so I added this amount to the card 💳, new balance $700.
I cannot wait to get out of this hell of a relationship.
Today the SO gave me back the $400 💵 he owed me. Almost three months later 🙄. I told him on Friday I wanted the money before the new year.
He goes on to tell me that he had over $400 in Christmas bonuses from his clients that he let his mother keep. Then he tells me that he gave his two youngest daughters $250 each, mind you they are 16, for Christmas 🎄. I don't say a word, I just listen. Besides I got my money, so I can careless and am working on my 2018 planner.
Now he's talking about how he wanted to pay what he owed before the new year, I'm still in my leave me alone mode while I get ready for 2018 🙄. Then he hits me with the "I'm so broke right now." I'm like wth! You gave your mother, mind you who is running the business in the ground close to $500, plus your two teenage daughters a total of $500 for Christmas. And did I mention he gave one (daughter) an additional $50 bucks because she cleans the house, what! She lives there. Apparently he pays her every week to do so. Total $1050.
Now he's whining about not having any money, as if he wants me to feel sorry and say here you go. Sorry buddy, I'm utterly disgusted with you.
First of all, as I have said in the past, and I'm done talking, I was simply thinking 💭 the following:
1. Your license is suspended and you just provided $1,000 to family in Christmas gifts
2. You have a pass due balance, again on the cable, of $136, and you just gave out $1,000 in Christmas gifts
3. You just spent close to $500 on a house Christmas party and gave away almost $200 of liquor that you could have returned and did I mention the $1,000 in Christmas gifts?
4. You're off for an entire week and won't get a check, mind you, he barely gets one from the mother, rent is due and you just provided a $1,000 in Christmas gifts 🎁
I'd say your priorities are all screwed up. The new me, can careless. I have goals in that I'm trying to accomplish like one, getting out of debt; two buying a house; three retiring at 57 and four traveling in my retirement. Can't do that with a person whose priorities are all messed up. Who continues to live like the Jones, who doesn't respect me enough to know how important it is reach these goals.
As he talked I just listened and worked on my planner. His voice reminded me why it's so important to pay down this debt, sell the house and move.
Pushing forward and not looking back
Wow, created the new budget for January 15th pay date and things are tight. I start back paying the student loan next month 🤦🏾♀️🙄. I was thinking about postponing this but thought the interest is mounting so go ahead and take care of it.
While creating the budget, I had to make sure that I sock away money 💰 to the sinking fund. I want to be able to pay the car insurance in full for the next six (6) months upon renewal.
I didn't budget any fun money, hair or personal money that's how tight things are. I probably need to look at the 28th budget period and adjust here to pay one of the loans early.
Different news, I've been scanning every single receipt I come across, adding to the Receipt Hog 🐷 app. My SO gets upset if we're out because I pick up receipts as I see them. I'm only on week three and have over 730+ points. Once I hit 1,000 points, I can cash out for $5. Not much but hey I'm throwing it at my snowball. Maybe I'll wait until I hit 2,900 points to get the $15 or just wait until the end of the year racking up points, and then cash out. I even have my mom saving me all her receipts. Decisions, decisions and more decisions, lol.
Update to post. Revamped the 28th budget to include one of the student loans, this helped out tremendously. By doing this I was still able to make it work paying extra on CC3, sock away funds to the sinking and family trip fund, as well as having myself a little splurge money. I know but I find that I need this, it really helps with not busting my budgeting.
Who would have thought that I could create a budget and stick to it. In the past, I would try to create a budget but would get frustrated. Taking FPU and having the zero balance budgeting system explained to me made a huge difference, it was truly an ah ha moment, it was like a light bulb 💡 went off.
It's a slow process but I do see myself making progress.
Though I went over budget with the holiday party I had an ah ha moment and I'm super proud.
This is the first year that I have actually cash 💰 flowed both Christmas 🎄 and the holiday party 🍷 🎉 .
I did not realize it but I cash flowed everything, not using one credit card. I'm super duper proud of myself. Every year I tack on an extra $600+ on the CCs 💳 but not this year. 😀
In financial news, I transferred the $165 out of the 52 week challenge account and will use this money to throw at CC3. I was planning on using this for an upcoming expense but with a little budgeting and saving I didn't have to.
I also returned some plywood to Home Depot that was to be used to board of the rental property, got $80 back. So I'll add a little to EF, sinking and CC3. I'll update later.
Lastly, I created my last zero balance budget that will carry me over into the new year. I calculated the car insurance/maintenance , birthdays, Christmas and sorority membership for the year (24 pay periods), total to add to the sinking fund $117. Though I'd rather not do this I know how important it is to sock this money away so that they'll be no stress or credit cards 💳 used.
* Car insurance for the year $1200
* Car maintenance $500 as needed
* Sorority $425 annually
* Christmas $600 (included holiday party)
* Birthdays $100
24 pay periods $117.70
I know I'm missing something, just can't think of it right now, but hey, I can always adjust the budget 📝.
Oops I almost forgot, so far there's been 9 no sped days for December, can't wait to add this ($9+) to my snowball
Not sure what happened this budget period but I only had $11 total left in my cash envelopes. I know I paid extra on CC3 but I thought I accounted for it. I'm not going to worry about it but I will make sure this next period I'm up to date with things.
I did find $5 in my purse, so totally I have $16.
I completed, well revised, the zero based budget for the next period, I have $90 to play with. I budgeted extra on CC3 since CC2 is paid off, plus the BiNGO number ($34), total it's about $60 extra. Another good thing this period, is that I didn't have to use any of the sinking fund to pay for my renewal of my license or registration but I do have the sorority renewal coming due and that ain't cheap so I'm thinking about using the money for that. I know I know sorority, that's a long story I'll share another time.
I used $100 of the sinking/52 week fund to renew my HR certification. So glad I took care of this now vs January, when it's due. I don't know what made me look but I needed to know the cost, I was thinking close to $200. Well I realized that if I'm a member with SHRM, $50 is knocked bringing the total to $100. Well my SHRM membership ends in January and I'm not paying$200 to renew it next year. The ROI isn't worth it. I will however continue the magazine subscription that comes with membership and that's $70. Well worth it.
Had a great phone interview today. I'm getting call backs so I'm happy with that, hopefully the right one will come along.
We went out for lunch $12.59, including tip, plus I bought breakfast this morning $4.51, I ended paying for this because $18 went towards CC3, new total 863.00.
I'm too tired to up my sidebar so I'll take care of it tomorrow
Got my first Dave job!
It's been on my mind to start a cleaning business. My mom had one when I was a child and I hate to admit it but I hated when she cleaned houses. I always wanted her to have a "good" job. Now that I'm older I realize it was a great job. She earned a honest living, we never went without, and she bought a modest home, not to mention she retired early. If I know what I know now, I would have kept that cleaning business going.
Well a friend posted that she was looking for someone to clean her office, and I jumped right on it. $20 a hour, should take me a hour but hey. It's a start. I'm hoping that this would be a weekly gig. I asked her to refer me to others.
God really answer prayers and open doors. Feeling so thankful
Listening to the "Millionaire Next Door," has truly opened my eyes. My God, at my age, my net worth should be about $206,000 and I'm nowhere near that. Ugh I'm so embarrassed.
My goal is to pay off these debts in the next year or at least have 80% paid off by the end of 2018 and to sock away 25% of my income.
The book discusses to set the following goals:
* Daily goals
* Weekly goals
* Monthly goals
* Annual goals
* Lifetime goal
I've listed mine below
* Daily - apply for a new job
* Weekly- complete a task similar to those of the Millionaire Next Door
* Monthly - reduce CC debt by 25%
* Annual - Pay off at least four debts
* Lifetime - visits all 50 states
I don't know why but it was bugging me that I had hair money and not applying it to the snowball. So I paid $40.05 CC3 brining the new balance down to $920
Can't wait to receive my retro pay, so I can get the CC out of my hair.
Temptation is a real thing and we/I have to stay strong.
So last night the significant other came home and mentioned that he wanted me to look for a hotel in Naples or St. Augustine for us to take a vacation over the holiday break. He said if I didn't want to do it, he'd do it. I thought about it and said okay, because I'd love a vacation. This is the first year since we have been together that we haven't taken one.
Fast forward to today. I started thinking a hotel over the holiday will be about $120 per night, that's about $480 for four nights. If we rent a car, that's an additional $300, so call it $800 total to go on this little vacation. I currently owe $960 on CC3, wouldn't it be better to pay off CC3? Hell yeah!
When he comes home tonight, I'm going to informed him that I did not look for this hotel or rental and that I'd like the cash to pay off my CC. That will be the best Christmas 🎄 gift 🎁 ever.
I called the bank about the $12 bounce check fee and am waiting on a callback. So we will see. Update, I got the $12 back. It was Chase Bank that returned due to the time frame. The bank rep suggested that I call the bank for a new check. Thanks for the tip everyone.
Today was a no spend day, so this is my third day 😊. $3 so far will be added to debt snowball at the end of the month. No frivolous spending for me.
I realized that my end goal is to retire at 57. That's just right around the corner but it can be done, so long as I live like no one else.
I normally budget $80 for groceries , I'm thinking about reducing this since I always have money left over each budget period.
This new budget period, I had budgeted $70 for groceries, but I'm going to use $20 for a gift card for the single ladies at church.
I was trying to cancel/reduce some of the cable services. I see that the SO is onboard now. I told him I was going with the lesser plan other wards he can pay the difference. He said to do what ever makes me comfortable. I informed him that I'm good with what ever he decides and to just know I'm not paying for the premium channels for cable. Needless to say he told me to cancel. The bill is still high but it's much cheaper than before. I was told that we'll get a $43 credit on the next bill, that should bring the first bill to $94. Split by 2 that's about $47, yay 😊. The difference of about $67 I can add to my snowball.
Between the two of us, going forward after the credit, the new monthly bill should be about about $80 a piece. The extra $30 I'm saving every month will be added to the snowball. I'm going to look at getting a Firestick, so that I can cancel everything. I'm feeling accomplished.
I had to call Att&t twice to get this done but I hung in there.
Budgeted $65 for an oil change, had a coupon for 3k miles for $19, total with disposable fee is $24.03. I figured even if I got an oil change in another 3k miles it's still cheaper than what I would have paid for the 5k mike oil change.
$41 is left over and I know I should be adding all to CC3 but I'm dividing it up three ways, 10% to the EF, the next 10% to the sinking fund and the rest on CC3
Here is the break down
$3.69 sinking fund
New balance on CC3 is $960.05. 😊
I know I know but I keep hearing my dad say, "Amber, what ever money you get, put a little up, even if it's ten dollars. Once you see it get to a certain point you're not even going to want to touch it." He did something right, retired early, rental property etc.
Update to this post, ugh.
Just was told that there are a number of things wrong with my car 🚗 . I need to replace the timing belt, gasket, mounts, and some miscellaneous stuff. Total estimate is $1,020.73, over my EF 😡. This I'm sure is accurate I haven't replaced any of the things mentioned before.
I had to take $25 out of another envelope because the place where I got the oil change did not have change. I guess everyone uses credit cards 💳 . Well I went to Walmart to get change for a $100 and was told by the cashier that she could not open her till. I purchased a pack of gum, then returned it so I could get the change and boy was she mad. Oh well no need to spend money on an item I don't need.
I'm putting off the car repair until January. Only reason is that I'm due a two percent raise that will be retro'd back to July, the end of this month, and I should see a couple of hundred dollars. Murphy sucks but hey. Just glad that I will be able to cash flow the repairs vs using a credit card. I've got to look for coupons on the repairs and maybe get an estimate elsewhere. As I'm typing this Jack the mechanic at the shop hands me his card and says he does side jobs if I'm interested. That made me feel a little better but I don't know.
Oh and the $30 spent on the game that the SO was to give me his $15, well he's not going because he's working today and I never got my $15. Lesson learned, get your money up front.
I couldn't wait until Sunday so I pulled next week's debt BINGO number and that number was 20. I applied this amount ($20) to CC3 and got the balance down to $999.26. The goal was to get this debt below $1000 before the end of the year. I'm so excited. My new goal is to be at $500 by the end of December, with a pay off in mind for January. I can't believe that I would have three CCs paid off by the end of January.
I hate I fell off and racked up CC2 the late part of this year but at least I got back on the tracks and am trucking along.
I noticed the SO seems to be really down. I don't push the issue any more about the budget and getting on track. He's paid out this week almost a $1,000 and and I think he is feeling the pinch. Today the rent is due, along with the electric, water and plot. I normally feel bad asking but it is what it is. I need the money to send off the payments. When I get home today, I'm simply going to ask him for the money so I can drop the checks in the mail, not my problem your mother is running a business and not paying you.
Update to this post.
Today was suppose to be a no spend day, the free blue Berry pancakes 🥞 were disgusting so I ended up spending $4.53 at the office cafeteria. Next I had a craving for a soda so that cost me $1.50. I added $6 to CC3 for the wasteful spending, new balance $993.26.
The SO came home with his share of the rent, electric ⚡️ and water 💦 bill. I was actually floored and was tempted to ask how he had pulled it off but opted against it. I ask and then there is a sob story making me feel guilty, I then say don't worry I got it until XYZ ,next thing I know I'm annoyed. I'll pass, give me your money and I'm done. I'll remind him that the plot bill is due (6th).