House $145,077.40
Home Equity $ 39,574.49
Minivan $ 14,911.78
Honda $10,715.86
Motorcycle $2,477.18
Mastercard $ 11,314.68
Mastercard $ 3,090.46
Unsecured Loan $ $1,853.08
Discover $ 7,209.64
Total $236,224.57 Subtract mortgage 91,147.17
Wednesday, August 18, 2010
Friday, February 5, 2010
2010, New Year, New Update
House $146,746.02
Home Equity $ 40,633.37
Minivan $ 16,675.53
Mastercard $ 11,263.59
Mastercard $ 3,093.86
Unsecured Loan $ $3,093.86
Future Trust Credit Card $ 6,299.20
Grand total of debt is $228,807.07. Subtract the mortgage and the new total is $82,061.05. Total amount of debt paid since the start of this journey is $35,606.07. I had expected to pay more by now, but it is still going well. Just need to buckle down.
Home Equity $ 40,633.37
Minivan $ 16,675.53
Mastercard $ 11,263.59
Mastercard $ 3,093.86
Unsecured Loan $ $3,093.86
Future Trust Credit Card $ 6,299.20
Grand total of debt is $228,807.07. Subtract the mortgage and the new total is $82,061.05. Total amount of debt paid since the start of this journey is $35,606.07. I had expected to pay more by now, but it is still going well. Just need to buckle down.
Wednesday, October 21, 2009
One Year Update
House $147,768.08
Home Equity $ 41,488.29
Minivan $ 17,309.70
Mastercard $ 11,304.78
Mastercard $ 3,051.32
Unsecured Loan $ $4,733.89
Wells Fargo Loan $ 6,424.48
Wells Fargo Credit Card $ 2,879.66
Future Trust Credit Card $ 7,864.36
One crucial change that was made and needed to completely stop the use of credit cards was changing my straight cash card into a debit/credit card. Now I can still use the internet to buy things online and have the money come straight out of my account. Nothing has been charged since this change was made, approximately 1-2 months ago.
Grand total is now $242,824.56. Subtract the primary mortgage and we have $95,056.48 I have now paid off $21,589.23 in debt. Excluding the mortgage, I now have under $100,000 left to pay in debt. Sounds terrible on paper, but every milestone counts!
Home Equity $ 41,488.29
Minivan $ 17,309.70
Mastercard $ 11,304.78
Mastercard $ 3,051.32
Unsecured Loan $ $4,733.89
Wells Fargo Loan $ 6,424.48
Wells Fargo Credit Card $ 2,879.66
Future Trust Credit Card $ 7,864.36
One crucial change that was made and needed to completely stop the use of credit cards was changing my straight cash card into a debit/credit card. Now I can still use the internet to buy things online and have the money come straight out of my account. Nothing has been charged since this change was made, approximately 1-2 months ago.
Grand total is now $242,824.56. Subtract the primary mortgage and we have $95,056.48 I have now paid off $21,589.23 in debt. Excluding the mortgage, I now have under $100,000 left to pay in debt. Sounds terrible on paper, but every milestone counts!
Thursday, April 30, 2009
Another bill conquered and laid to rest! The Wells Fargo loan for my sewer line is history! I made the final payment today.
House $148,973.12
Home Equity $ 42,639.02
Minivan 18,708.36
Mastercard $ 11,530.60
Mastercard $ 3,075.61
Unsecured Loan $ $5,970.63
Wells Fargo Loan $ 7,005.78
Wells Fargo Credit Card $ 4,290.99
Future Trust Credit Card$ 8,673.55
Grand total is now $250,867.66. Subtract the primary mortgage and we have $101,894.54 I have paid off $11,891.29 in debt since the beginning of this adventure. Man, it feels good! Next bill to tackle is the Wells Fargo credit card.
House $148,973.12
Home Equity $ 42,639.02
Minivan 18,708.36
Mastercard $ 11,530.60
Mastercard $ 3,075.61
Unsecured Loan $ $5,970.63
Wells Fargo Loan $ 7,005.78
Wells Fargo Credit Card $ 4,290.99
Future Trust Credit Card$ 8,673.55
Grand total is now $250,867.66. Subtract the primary mortgage and we have $101,894.54 I have paid off $11,891.29 in debt since the beginning of this adventure. Man, it feels good! Next bill to tackle is the Wells Fargo credit card.
Thursday, November 27, 2008
Lowes Credit Card HISTORY!
Hooray! I finally paid off the Lowes credit card. Let's do a quick tally:
House $150,397.94
Home Equity $ 43,505.80
Minivan 19,785.53
Mastercard $ 11,388.40
Mastercard $ 3,055.84
Unsecured Loan $ 7,010.73
Wells Fargo Loan $ 7,428.41
Wells Fargo Credit Card $ 4,662.84
Wells Fargo Loan $ 3,376.83
Future Trust Credit Card$ 9,403.82
Excluding my mortgage, the new total is: $109,618.20 Difference from last tally: $4,167.63
With the house: $260,016.14 Difference from last tally: $4,397.65
Today is Thanksgiving, I am thankful to see progress! In two months I have completely paid off a bill and paid a bit of the entire mess down. My next goal is the Future Trust credit card. That stupid card has a 24.99%. It did not start that way. They changed my interest rate without telling me and I have NEVER been late with payment.
Happy Thanksgiving!!
House $150,397.94
Home Equity $ 43,505.80
Minivan 19,785.53
Mastercard $ 11,388.40
Mastercard $ 3,055.84
Unsecured Loan $ 7,010.73
Wells Fargo Loan $ 7,428.41
Wells Fargo Credit Card $ 4,662.84
Wells Fargo Loan $ 3,376.83
Future Trust Credit Card$ 9,403.82
Excluding my mortgage, the new total is: $109,618.20 Difference from last tally: $4,167.63
With the house: $260,016.14 Difference from last tally: $4,397.65
Today is Thanksgiving, I am thankful to see progress! In two months I have completely paid off a bill and paid a bit of the entire mess down. My next goal is the Future Trust credit card. That stupid card has a 24.99%. It did not start that way. They changed my interest rate without telling me and I have NEVER been late with payment.
Happy Thanksgiving!!
Wednesday, November 19, 2008
Update and Slight Set Back
It has been a while since my last post. I was really hoping to have the Lowes Credit card paid off by now. However, I still have $242.77 left to pay on it. I am crossing my fingers that it will be paid off next week with next weeks' pay check.
Now for the set back, I ran my van into a dump truck! It was completely my fault. I was gawking at the construction and BAM! Ran right into the dump truck in front of me. I did nearly $1900 worth of cosmetic damage to the front of the van. Thankfully the engine is fine. My car insurance deductible is $1000. Plus, I received a $75 ticket for the accident. I have $489.84 in my emergency fund. I will be able to cover my deductible without charging it and the insurance will cover the rest. I had the funds due to a large paycheck I received because of my overtime I have been working.
That was suppose to be the theme of this post, How I Got Extra Income. We now have bigger fish to fry so you will get the short version:
I work overtime hours at work for over $50 an hour.
Now it's time for confession. I went to Chicago despite the fact that I had not met any goals. I spent money on train ticket for my oldest son and I. I spent money not only on my eyebrows, but also a haircut. I spent $190 in the salon alone. Then my son and I went to a nice dinner where I dropped another $50. I also spent money on cabs. I spent a total of $300 that weekend. It did not make me feel good at all! In fact, I hated it. Plus, the $125 haircut wasn't anything great.
This was a huge step backwards in regards to the habits I had been forming. If I had to find the silver lining, it would be that I did not charge one thing. I am back on this frugal wagon with renewed ambition. I want to begin tackling another bill before the year is over.
Now for the set back, I ran my van into a dump truck! It was completely my fault. I was gawking at the construction and BAM! Ran right into the dump truck in front of me. I did nearly $1900 worth of cosmetic damage to the front of the van. Thankfully the engine is fine. My car insurance deductible is $1000. Plus, I received a $75 ticket for the accident. I have $489.84 in my emergency fund. I will be able to cover my deductible without charging it and the insurance will cover the rest. I had the funds due to a large paycheck I received because of my overtime I have been working.
That was suppose to be the theme of this post, How I Got Extra Income. We now have bigger fish to fry so you will get the short version:
I work overtime hours at work for over $50 an hour.
Now it's time for confession. I went to Chicago despite the fact that I had not met any goals. I spent money on train ticket for my oldest son and I. I spent money not only on my eyebrows, but also a haircut. I spent $190 in the salon alone. Then my son and I went to a nice dinner where I dropped another $50. I also spent money on cabs. I spent a total of $300 that weekend. It did not make me feel good at all! In fact, I hated it. Plus, the $125 haircut wasn't anything great.
This was a huge step backwards in regards to the habits I had been forming. If I had to find the silver lining, it would be that I did not charge one thing. I am back on this frugal wagon with renewed ambition. I want to begin tackling another bill before the year is over.
Thursday, September 25, 2008
Budgeting
If you have ever read anything on finances and budgeting, one of the first things that is always recommended is that you track and write down everything you spend money on for an entire month. I have tried this and lasted for maybe a little over a week. The budgeting worksheets that I have seen are very detailed and look time consuming. Finances bore me to death!
However, I knew I needed to figure somthing out to get a handle on the outflow of cash throughout each pay period. It seemed like I was always making ATM withdrawls for gas, going out to eat, groceries, etc. And I had no idea how much I was really spending. So I decided to use a very simple form of the envelope system. I now budget $500 per pay period for extra expenses that are beyond the bills. I have 3 envelopes. I place $200 in the envelope marked Groceries. This includes nonperishable as well, such as, diapers, shampoo, papertowels, etc. Then I place $200 in an envelope marked Gas. And the last envelope has $100 marked for Entertainment. This also includes trips through the drive-thru at McDonald's for me and the boys. I intentionally gave myself a bit more than I thought I would actually need. I wanted it to work. And thus far, it has been an outstanding tool. Anything that is leftover in the envelopes when the next paycheck arrives, goes directly to the bill I am attacking.
The bill that I am currently tackling is the Lowe's credit card bill. If I crunched the numbers correctly, it will be paid off in the middle of October. I get paid every two weeks, and as such, October has 3 paychecks. I can not wait to feel that first taste, little as it may be, of victory!
My next post will be about how found extra income and my current savings plan.
However, I knew I needed to figure somthing out to get a handle on the outflow of cash throughout each pay period. It seemed like I was always making ATM withdrawls for gas, going out to eat, groceries, etc. And I had no idea how much I was really spending. So I decided to use a very simple form of the envelope system. I now budget $500 per pay period for extra expenses that are beyond the bills. I have 3 envelopes. I place $200 in the envelope marked Groceries. This includes nonperishable as well, such as, diapers, shampoo, papertowels, etc. Then I place $200 in an envelope marked Gas. And the last envelope has $100 marked for Entertainment. This also includes trips through the drive-thru at McDonald's for me and the boys. I intentionally gave myself a bit more than I thought I would actually need. I wanted it to work. And thus far, it has been an outstanding tool. Anything that is leftover in the envelopes when the next paycheck arrives, goes directly to the bill I am attacking.
The bill that I am currently tackling is the Lowe's credit card bill. If I crunched the numbers correctly, it will be paid off in the middle of October. I get paid every two weeks, and as such, October has 3 paychecks. I can not wait to feel that first taste, little as it may be, of victory!
My next post will be about how found extra income and my current savings plan.
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