Thursday, February 27, 2014

Things are going to be tight....

for the next 2 weeks.  Tomorrow is payday and my mortgage payment is also due.  I didn't have any overtime on this paycheck therefore it's going to be a little tight in the next couple weeks.  I guess this is when I am happy that I do a lot of shopping and stocking up when things are on sale and I have a great stockpile of food.  This weekend is my birthday, so I don't think I'll be spending much money and I think the next 2 weeks should be fairly inexpensive, all my bills are paid up to date and I have enough food to last me through. 

What do you do when funds get a little tight?  Do you pull out your credit card or do you try to make it by without using the card or dipping in to savings?  I'm trying to get through with spending as little as possible.  I think I'll be able to do it, the only really expense I might have will be gas for my car.  Otherwise, things are looking good. 

Current debt:  $230,950.28  (looking forward to more progress in March!) 

Tuesday, February 25, 2014

Almost March and my spending is in check...

I can't believe that it is almost March already, where have the first 2 months of the year gone?  I'm doing really well having as many No Spend Days as possible, trying to keep it to at least 50% each month. January I had 17 and so far for February I've had 14.  Yay for small successes.  :) 

I've brought my debt total to under $231,000, but just barely.  I don't think I'll have much opportunity to reduce it anymore in the next 3 days, but if I can squeeze any additional payments in, I will.  At least I've got all my bills paid for the month and was able to make more payments to debt than I thought I would.  My birthday is coming up at the end of the week as well, so hopefully I will be able to use some birthday funds to put toward debt reduction. 

Not much to report really from here, but since I'd made a bit more progress, I thought I'd post about it. 

Current debt total:  $230,976.30  (slowly getting there...)

Wednesday, February 19, 2014

A breakdown of debts...

I was asked in a previous post what the breakdown of my debts are to bring that grand total up so high...well, here you go! 

Loan to parents:    $8,000.00  (soon to be $6,000)
Car Loan:            $27,509.47
Mortgage:         $195,496.40

Bringing the grand total up to $231,005.87!  OUCH!  As you can see, most of it is the mortgage which is a long term loan and the others should be paid off in the next couple years.  I'm hoping to pay off the loan to my folks within the next 3 years tops.  The car, I just keep throwing any and all extra money to it to get that one taken care of.  Otherwise, I'm just plugging away and trying to save money for retirement as well as reduce debt. 

How about you?  Would you care to share the breakdown of your debts? 

Current debt:  $231,005.87  (yep, no change since I typed it up above in the body of the post!)  :) 

Tuesday, February 18, 2014

Plugging away....

Not too much going on here these days, just trying to keep reducing the debt total and not spend unnecessarily.  I have been pretty good with my grocery shopping and am doing fairly well at stocking up on sale items without buying unneeded items.  I've been trying to coupon as much as possible lately and have even been able to donate several items to the women's shelter.  When I can buy toothpaste for $0.25 or free, I like to get as many as I can and donate them.  I have my credit card paid down to ZERO and am working like mad to get that $2,000 saved up to make my annual loan payment to my parents.  After that I can really attack the car loan which I've managed to reduce over $2,000 since refinancing it in late November.  I'm currently ahead on payments to the point where my next payment is not really due until May 9th, however we all know I won't wait that long to make my next payment.  More likely than not, I will be making another payment before the end of February.  :)  I just love to see that number continue to plummet!  Tax refund has been received and is now sitting in my savings account waiting for the end of April when I write my parents the loan payment.  After that I will only have 3 more years of payments to them.  Can't wait to have that one done.  Like I said though, not too much going on around here.  This is my least favorite time of year and I find that I tend to hibernate, so there isn't much to report.  Looking forward to spring coming. 

Current debt:  $231,005.87 (almost down under $231,000!!)