Monday, March 21, 2011

Y'all are NOT going to believe this...

So, things have been going along really smoothly and I'm liking my new strategy for paying off the debt. It's been a little difficult restraining myself from making extra payments when I see the money sitting in my checking account, but I know I need it right now for day to day expenses and for the big loan payment coming up next month to my parents. Anyway, about a week and a half ago the ex sent me an email saying that he wants to pay me back at least the amount I had to pay him as a settlement for the divorce, $3,000. Now that he's working again, and actually working quite a bit, he feels that he needs to pay that back to me in order to feel better about himself. I told him that he didn't need to, but any assistance would be appreciated. So, last Tuesday, I'm home sick with a horrible migraine, and what should appear in my mailbox but a check for $1,000 with a nice letter and a promise to send another one soon. I deposited it in to my account, but haven't yet done anything to spend the money, I figure it's best if I wait to make sure it clears the bank. :)

Other than that, not too much going on here, it was a nice quiet weekend where I stayed home most of it reading and relaxing. I did go to my volunteer shift at the food bank, but otherwise I was pretty much home enjoying the peace and quiet. Didn't spend a dime this weekend and that was really nice too. Hope you all had a great weekend as well...

HAPPY SPRING!!!

Wednesday, March 9, 2011

A strategy change...

So, I’ve been giving thought to the way that I have been paying my credit card and the way I’ve been spending. On 12/31/10 my credit card balance was at $12,750.00 and now today it is at $12,709.07, even though I’ve made payment totaling $2,219.68 so far this year. It’s frustrating to see that I’ve made that much in payments and the balance is less than $50 off of where it was at the start of the year. I started giving it more thought as to why this would be and it dawned on me that my spending hadn’t changed all that much and I needed to get that under control as well. So, this month I have made a smaller than usual payment toward the credit card and left more money in my checking account to meet the day to day expenses. I will use cash for these, which should make it “hurt” just a little bit more and make me more aware of where the money is going, resulting in my spending less. I’m working on putting myself in more of a frugal mindset and trying to work on spending less and saving more to put toward the debt. The next 2 months are going to be a little bit difficult as I have to make an annual loan payment to my parents at the end of April in the amount of $2,000, but I know I will have it and then I can focus more on getting on with paying down the credit card. Now the credit card has been put away and I am only spending money that I have available in my checking account or cash in my wallet, if it’s not there, I don’t have it to spend…

Monday, March 7, 2011

1 week in and not doing too well...

This is suppose to be my frugal year and March was going to be SUPER frugal. So far, it's a bust!! I'm working on getting that under control. I went out of town for the weekend, so of course I spent much more money than normal, but now that I'm back, I should be able to reign it in. I was starting to make my grocery list to stop on the way home today and then started thinking about what's in the cupboards at home and decided that I will see what I can do with what I have first before going shopping. If I'm really good, I should be able to make it all week without having to set foot in the store. I just need to be good about planning ahead and not changing my mind about what I want to eat. Food is my biggest budget buster category, but I'm working on getting this more under control. Here it is the 7th and I've not had a single "no spend" day yet this month. Very frustrating!!

I have a big loan payment ($2,000) coming up to my parents at the end of April and I have to make sure I have the money for it, so I've scaled back my credit card payments so that the money will be there when I need to pay them. I've also decided that I'm not using the credit card for ANYTHING else. So, I had to make a smaller than normal payment, still over the minimum, in order to get my spending under control and to have the cash necessary to meet my basic needs. I've always been the type to make really big payments and then pull out the card to pay for groceries and gas as needed. I'm trying to break this habit, so it will take some getting use to, but I think it's going to be good.

Other than that, not too much going on in these parts, I hope it's starting to look like spring in your neighborhood, I'm ready for it here!