Tuesday, April 2, 2013

April already???

Where did the first quarter of 2013 go? Wow! It’s been a good year so far and I’m seeing some good progress in my debt reduction and staying credit card debt free while slowly building up the savings account as well. I’ve been working a lot of overtime and I was paid for some other non work time that I wasn’t expecting, so that was a nice bonus added to the financial picture. Always nice to receive about $400 that you weren’t expecting. I’ve been working really hard and thinking about purchases before I make them and continually asking myself if it’s a need or a want. Often times I find things are wants and I put them back. The only wants I should be indulging are adding to my retirement account so that I can be financially solvent in my retirement years.  I have more than enough “stuff” so I really shouldn’t be needing anything. I rarely go shopping anymore, usually because all I do is indulge in wants, not anything I really need. Also, I find clothes I like at thrift stores for a fraction of the price of the stuff I see at the mall. My wallet really likes the thrift store prices better too. I’ve made it through my most expensive time of year and now that the big expenses of birthdays and ticket renewal for football have been met along with having the money for my annual loan payment to my parents, I’m feeling REALLY good about my financial life. I’m 4 months ahead on my car payment, but that doesn’t mean that I have been continuing to make that monthly payment. I’m working on getting that debt taken care of next. I’m hoping to have this one completely knocked out by June 30, 2014. That would be 3 ½ years early! Then it’s on to FULLY funding my Roth IRA each year. I’ve continued to contribute the match to my Simple IRA through work and it’s great to see that continuing to grow year after year. All in all, I’m feeling really good about where my money is going and the improving look of my financial future. I hope you are all seeing the same trend as me. Happy Spring!

Current debt: $227,390.55


Allan Morais said...

Your blog post will surely prove that you're doing great when it comes to handling your finances. I can tell that you plan everything well – from your credit card, to your annual loan payments, up to your car payment. And because of that, you're confident that you'll have a stable finance status in the future. Just keep on doing what you're doing and you're debt will be gone sooner than you imagine.

Allan Morais

Lisa said...

It's May already. We miss you. You OK?

Jaden Allred said...

After reading your story, I can say that you're definitely on your way to being debt-free. The only thing you need to do is to keep on track. You know where and how to spend your money. I'm sure that even if you go through tough times, you will be able to handle it. Best of luck to you in your future endeavors!

Jaden Allred