Thursday, January 30, 2014

End of the month already...

It's hard to believe we are already to the end of January!  If all of 2014 goes this fast, it'll be the holidays in the blink of an eye.  For all intents and purposes my financial month is over.  I've paid all my bills and so far so good.  I've reduced my overall debt by $1,141.08.  I wish it were more, but I had my football season ticket renewal come up, so I'm expecting that future months will show a greater decrease going forward.  Not much else to report from here...looking forward to a great weekend with the BF and family. 


Current debt:  $231,758.93 

Wednesday, January 29, 2014

Unexpected expenses...

Ugh! Unexpected expenses are the worst!  OK, well not the absolute worst, but they sure do hurt when you don't have an adequate emergency savings.  Worse than unexpected expenses happened to me last week.  My 96 year old Grandma fell 2 weeks ago and broke her hip.  She was in good health for the most part and was still pretty active, so they opted to replace the hip.  Unfortunately, that was the beginning of the end for her.  She contracted pneumonia and MRSA after her surgery and never fully came back to us.  My Grandma lived out of state, so my parents went to be with her while she recovered from surgery and stayed until the funeral was held and her apartment completely cleared out.  I went to the funeral which would not have been possible had it not been for the generosity of my parents using their miles to fly me there and paying for the hotel.  What a horrible position to be in, 41 years old and not able to handle something like this because I've not properly prepared for any emergency.  This was a huge eye opener for me that it's time to take the Emergency Fund more seriously and get on with it.  While I'm still working on paying my debt, I need to also be building a emergency fund so that when an emergency arises, I can handle it and not put myself further in the hole. 

Thank you Lord for my amazing parents last week! 

Current debt:  $231,758.91  (this is still going down, but may move a little slower for a bit while I build up my savings!) 

Thursday, January 16, 2014

2013 taxes are filed and I will be receiving a small refund...

of $377.  Had I not had so many medical expenses last year, my tax payments would have been pretty close to dead on and I would have received a refund of less than $30.  I'm really happy with the way that my refund came out this year.  I'm perfectly happy with coming out about dead even, that means that I'm not letting the government use my money interest free for the year.  And I don't have to pay them which means I'm going to keep my deductions the same for the next year and hope for the best again next year.  I'm wondering how long it will take for my refund to end up in my account.  I think I'll use it to reduce my car loan debt even more and get that darn thing paid off sooner. 

I'm also participating in the 52 Week Money Challenge this year, although I've decided to do it in reverse order of what you see here.  I'll be depositing this money in to a different savings account to do something fun or frivolous with at the end of the year, or maybe I'll use it to add to my Roth IRA.  Either way, I think by doing this in the reverse order I will get the higher deposit weeks out of the way earlier and I will be earning interest on greater amounts of money for a longer period of time.  Anyone else doing this or ever heard of it? 

I guess that's all for now.  Have a great weekend!!

Current debt:  $232,234.94

Friday, January 10, 2014

10 Days in to the New Year and...

so far, I'm doing really well on not over spending.  I've been cooking at home and bringing my lunch to work.  Trying to have as many "NO SPEND" days as possible and doing what I can to cut costs.  I have a few more things left to do to really make an impact, but I've made really good progress.  That being said, I've also been trying to get out and experience more things in my own neighborhood.  Staying on a budget and paying off debt doesn't mean you have to stop living.  In fact, I think it's made me find more things to do that are free or less expensive than when I've had more money, or thought I had more money to spend.  (which would be why I now have debt to pay off!) 

I've had 7 days in which I've not spent any money and 3 days in which I've not driven anywhere.  I've spent some great days at home taking care of projects that I've been meaning to do for quite some time.  I've cleaned out closets and cupboards, made some donations to Salvation Army which will help come tax time next year.  I've spent a lot of time on my budget and tweaking where I can and looking for ways to save even more.  I've been reading cookbooks for easy meals for one.  I've really cut back on my diet Coke habit, I'm down to 1 per day and I've been drinking lots of water.  I'm amazed at the difference in my skin and how I feel.  I still like diet Coke and don't plan to give it up completely, but I have to say, that one per day TASTES so much better than when I was drinking 6.  Better for my body and better for my wallet!  :)

That's all for now. 

Current debt:  $232,316.87  (getting there...)