Tuesday, March 27, 2012

The end of March already...

Oh my! Where has the first quarter of 2012 gone?! I feel like I'm a hamster on a wheel, spinning spinning spinning, but not really getting anywhere. While I've been busy putting money aside for my big April expenses, I don't feel like I'm making any progress on my credit card debt. I've had to slow down the payments to set the money aside for next month, but once I make those payments, I will have depleted my savings and will be back to working on the credit card debt and building up the savings again. Feels like it's a cycle that never really ends.

I've sold a number of things on eBay lately and have netted over $800, so that is great and it's been nice to declutter. I'm also getting ready to take several nice dresses, shoes and purses to the consignment shop in town and hoping that will help bring in some extra cash.

I'm also in the process of refinancing my condo. I've been in it 5 years and the 5/1 ARM is up for adjustment next month. Luckily for me, I think, I qualify for the HARP program and it looks like I should be able to lock in a 30 year rate of 4.125%. That would be great as I'm currently paying 6.125%. That 2% reduction,while keeping my payments the same will do a lot to reduce my principal much quicker. Is anyone else looking in to this?

The BF is still looking for a place to live and has paid me back 1/2 of the $1500.00 he borrowed from me and he's working on finding a place, but it's taking awhile as most places are expensive in the Seattle area. I'm hoping he'll find something shortly as I think it's going to be crucial to our relationship that we each have our own space. My 750' condo is much too small for the 2 of us and I really like living on my own. So, good thoughts please that he'll find something soon! :)

Looking forward to spring and much better weather, I think it will put me in a sunnier mood!

Current debt: $241,094.10

Wednesday, March 7, 2012

VERY slowwwwlllyyy paying stuff down

Ugh! How is it that it takes SO long to get debt paid off, but racking it up is no trouble at all?! I'm not making as much progress as I'd like at the moment, but that's because I've been putting all my eBay sales money in to my savings account for my 2 bigger expenses coming up next month. I've got to pay $2,000 to my parents for my annual loan payment and I have my season football ticket renewal coming up at the beginning of the month. I have the money in savings for both and I feel good about that, but I don't want to stop adding to savings for a bit until I know I'll have a good cushion once I pay those bills. I also have payments coming in monthly from the BF as he pays down the amount that I loaned him back in November, so that helps too. I'm thinking I'd like to have a cushion of about $1,000 after paying the big bills next month, then I can focus solely on paying down the credit card. I'm excited that I haven't used the credit card for quite some time now and I don't plan on using it any time soon either. I've been making good money on my eBay sales and I'm finding out what sells and what doesn't. I also am having 3 dresses and a coat dry cleaned right now to take down to the hoity toity consignment shop in town to see what I can get for them. :) As I peruse eBay a little bit more, I'm shocked at what I am seeing that sells and it's giving me more ideas of what I have that I can sell. I love, love, love the thought of decluttering too. Yay!

The BF is moving out on his own soon, which will be great! I am not good at living with someone and I can't wait to have my whole place back to myself. We're still going to be dating, but just stepping things back and we'll see what happens. He wants to get married and I have no idea if I EVER want to get married again. I got burned pretty bad last time and I'm just not sure I want to go through that again. I'm seeing a counselor that is helping me through a lot of this, but we'll see how it goes. I'm perfectly content being on my own.

Not too much else to report from here, things have been quiet lately.

Current debt: $242,809.84