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Getting Out of Debt in November - Page 4

post #61 of 106
Quote:
Originally Posted by MCsMom View Post

So I know I have been gone for a while - but our finances knd of took several big hits all at once, too depressing to post about :-)   But the good news is, that finally we seem to have made it through to the other side - put money back into our savings account, have money to pay all the bills and enough left over to still be able to get food and gas.  It has been really draining emotionally to have to put the food/gas onto the credit card (that was paid in full monthly) knowing that I didn't have the money in my account to pay for it till after payday.  The good news - it really solidifies for me that being in debt - is not worth it.

 

So I have another question for you all - where does starting a business fall into the baby steps? 

 

For us, we have a 4-5 month emergency fund, 9% to retirement, some college funding but we are also paying private school tuition so this is not a priority for us.  Do you think Dave would say that the current SAHM could start a business that she would like instead of trying to find a job?


We had to put a few items on out CC this month also, $189 worth, it made me feel so horrible but its all a process and a lesson and as long as we keep on keeping on we will all get there soon enough. I am also wondering when I should try to start my own business, my DH really thinks I should but I am going to need some money to start it (probably a few hundred dollars for extra supplies and such) but I just dont want to pull out any money until we are done with BS3 but if I start it before that I should be able to make extra money to help with BS3. I just don't know what to do. I want to start a sewing and craft style business.

post #62 of 106

So, that $900 the gov't wants isn't a mistake. Ugh. It had to do with my employer contributing to an RRSP and I never got the form I needed (or got it and didn't know what it was for and discarded it), and from my previous employer filing for an old bonus in the 2009 yr that I had received in 2008....not sure if I had claimed it already or not in 2008. I'll look into it, but the bulk of our documentation is back home in our basement). 

 

Storing tax documentation is overwhelming. Paystubs, Gov't forms, etc from years ago that seem so irrelevant. It's all just a mess. How do you keep yours together? (I'm kind of thinking a large ziploc with the tax year written on it might be good....better than a file folder since there are many folded and small papers that don't work well with file folders)

 

We are deffinitely going to an accountant next year (DH usually does our taxes online....it's not the first time it's been messed up and we end up owing).

 

I am soooo ready to get back home, live rent-free for a while, and have a real job that pays real money and MOVE FORWARD. I feel so stagnant here. 

 

post #63 of 106
Apparetnly I haven't figured out how to quote yet. That was deffinitely not how it's done....

Edited by eirual - 11/18/10 at 7:16am
post #64 of 106

I have been a little nervous about my decision to cut back my hours at work after the new year, but this week I'm feeling better! DH's work has picked up like crazy this week, and he may be getting a ton of overtime this weekend! carrot.gifA couple years ago, I would have whined about him being gone so much, but after our tight winter last year, I am just happy that the company is getting business- this means the mortgage won't have to be paid out of the grocery money, and the health insurance will hopefully stay intact.

 

Cash flow Christmas- we are getting each of the kids one 'big' present... DS (18 mos) is getting a big set of play dishes, which we are going to divide up into several boxes so he feels like it's more, and then a few wooden puzzles. DD (5) is getting karate lessons as her big present- may only be 3 mos worth, as I'm not sure exactly what they cost yet, but def not something we can really afford unless we make it be a xmas present. DD is also getting a mancala board game that I found over the summer and some little stocking stuffers. I really don't get them many presents, because the grandparents tend to go *way* overboard.

 

Extended family is mostly done- I will probably just pick up a few gift cards for our siblings. For extended-extended family (DH has a huge family) we are going to make up little plates of holiday cookies to give out. And for all the little munchkins running around (DH's cousins' kids), who up till now we have been buying gifts for each, SIL and I are going to take the initiative and suggest a gift drawing this year, to prevent all of us from going broke buying presents for the gazillion preschoolers in the extended family!

post #65 of 106

That check on Loan #3 cleared the bank and our balance isn't as bad as I thought.  I'm so stoked to start saving for the next five months.

 

We keep the holidays to a minimum around here.  My family decided a few years back that we were going to try to make Christmas a consumer-free event and though we haven't entirely made it we are pretty close.  I get one gift for my parents and occasionally one for my brother if I see something I think he would really enjoy.  In recent years I've been doing handmade items, museum memberships, restaurant gift certificates or donations to non-profits.  My husband's family are gift-giving maniacs, but we've been pretty clear with them that we're not into the frenzy that is Christmas shopping and they've been great about it with no hard feelings.  DS always gets a couple of gifts from his grandparents and some handmade things and books from us.

 

Its partly about the money for us and partly about the fact that I feel like holiday marketing has just gotten way, way, way out of control....so we're trying to keep things simpler and close to home.  I'll probably spend $200 total on gifts this year.

post #66 of 106

 

I've had some problems with Mint duplicating transactions so I'm finding that I'm spending more time than necessary fixing it up.  However, I've also noticed that Quicken isn't always downloading all of my transactions so I had to manually go through and create a profit and loss statement for my business.  I want something easy that works right the first time hehe.

 

Add me to the list of Amazon.com shoppers.  A few gifts have already trickled in and were immediately stashed in an inconspicuous place hehe.

 

corrie43 - Yay on getting back on track and paying cash for your Disney trip!!

 

MCsMom - It sounds like you guys are doing great!  I definitely think it would be time to start a business if that is what you want to do.  I'm sorry if I missed it but what kind of business is it and what do you think your projected start-p costs would be?  Do you have money set aside to start it or will you save in the coming months to fund the startup?

 

Eirual  - How frustrating about the $900!!  Most of our tax stuff is in electronic format.  We don't receive paystubs and our W-2s are distributed electronically.  When I donate something I scan the receipt and put it in a tax folder on my computer with a couple of backups.

post #67 of 106
Quote:
Originally Posted by MyTwoAs View Post

MCsMom - It sounds like you guys are doing great!  I definitely think it would be time to start a business if that is what you want to do.  I'm sorry if I missed it but what kind of business is it and what do you think your projected start-p costs would be?  Do you have money set aside to start it or will you save in the coming months to fund the startup?


 

I am not sure what kind of business just yet - and not sure of start-up costs either obviously.  But realistically, I could see needing 5K to do any of them as a start up point.  I wish I had the skills that I could craft a couple of hundred in supplies into a home based business, but that is not my talents.  And I have tried to make it my talent before as a hobby, and no, it does not work.  As for what kind of business, well I have several things in mind, but I don't really want to say other then it would be something where I could keep my kids with me and it is not MLM - that not only do I suck at, I feel guilty while doing it. We don't have any money saved other then our emergency fund, and I feel like if we just saved it up, it would take us longer then I would like to be able to open (before DD get to 1st grade, I can't figure out how to make her stop growing) it if did need more then 5K.  I'm probably answering my own question - I need to suck it up and find a job - bleh.  It is just so hard when I don't 'need' to work, but if we want to really move ahead, then yes, I need to help contribute to bring the money in.

post #68 of 106

Christmas gives me the excuse to shop which can be dangerous.. LOL It is my goal to keep it simple this year and put lots of thought into everyone's gifts..

post #69 of 106
Thread Starter 


Ugh, hopefully it works this time. Multi-quote has been kicking my butt this week. I've given up in frustration a few times. Oh and if someone can tell me how to get rid of the blinding white screen I'd be forever grateful.

 

 

major_mama, glad to hear dh's hours have picked up!


sarah1122, yay on the check clearing. I love the idea of experiences and handmade for Christmas.

 

Eirual, sorry to hear about the tax stuff.

 

I'm sorry MCsMom, its hard when you are trying to figure out what to do and I really wouldn't stres the few things on the cc as long as its a one time thing.

post #70 of 106

Checking in:) So far so good. I haven't seen any great black friday deals for Amazon YET. But I am hoping and waiting to click on the "buy now" button until black friday 12am!! I have ALL the xmas money!! Now I am saving up money to get myself some new sneakers, and clothes. Its been a long time coming and I am thinking I need about 200-250 worth of stuff. Not for me for xmas just in general need. I am SO excited to truly have enough to cash flow this little xmas!!

 

I am so happy to hear everyone seems to be doing well!!

 

I am off to bed. I am getting a headache I am so tired:( Well night ladies:)

post #71 of 106

 I paid off one credit card and only have $35 left on my other. I am so excited. I just wish my student loan wasn't still 9k!

 

I have been prepping the kids for the holidays and they know it is a 2 item holiday. Ds has chosen legos,so I am watching for deals.My dd asked for a mp3 player and a video game.

 

I have been sticking to my $100 cash a week. I also order a $25 gas card through the kids school,so really $500 a month. It is tough,because I would always just whip out the credit card when I did not have money. No more. I may have to shred the cards,because putting them in the safe is not enough.

 

Emergency fund is pitiful at $100. I asked dh to cut the health card to $50 a week contribution instead of $100 until we get enough in the fund.Property tax,car insurance,and tags are coming up and we have nothing saved for those either!

post #72 of 106

I found a DSI for 119!!! It has to be white but I got a deal:) They are 150 usually.

post #73 of 106

So we're working on Lesson one from FPU.  It took us an embarrassing week and a half to even open the box.  Procrastinate, much? ;)  So far so good...now on to creating our zero  budget.

 

Tough to do this at the holidays, too, but I know it will be worth it come January!

post #74 of 106

I've got $3500 or so on my one cc. It's my only debt. Thank goodness my almost 6 yo car is still running fine.

 

I've got two have two teeth pulled and implants put in. I'm looking at $5K plus. I need to have the oral surgeon redo the estimate since we changed dental insurance in my office. I got $800 from untaken vac time at work (for this year only due to special circumstances). Without the $800, there's $1650 in my BEF. I just enrolled in the FSA in my office for next year at the max of $3K. I was thrilled to find out that I don't have to wait for the money to accumulate in my FSA account before submitting bills for reimbursement! :) That $3K will be $150 out of every paycheck and will help so much with the implant cost. Then there's whatever I get for my income tax refund next year - usually $400 or so (I'm single w/o kids).

 

I'm doing much better with no eating out lunch at work, getting soda, etc.

post #75 of 106

Tradd and Melaniee, This is great time to get started! What a great way to mindful of your spending and keep it in check. Maybe it won't be a good snowball or savings month. It also won't be on the credit card!

post #76 of 106
Quote:
Originally Posted by 3timesamom View Post

Tradd and Melaniee, This is great time to get started! What a great way to mindful of your spending and keep it in check. Maybe it won't be a good snowball or savings month. It also won't be on the credit card!



Hello 3times, I've actually done it before, but got waaaay off track. Car was paid off last year, six months early! :) All Christmas gifts, cards, and stamps are bought! I just need to make some banana bread the week before Christmas. I have no freezer space.

post #77 of 106

I got a fabulous deal at bare necessities. My order was suppose to be 152 and I got it down to 119. I am psyched! I have been needing my purchases from there. So if anyone needs anything from there check it out:)

Well off with the babes:)

post #78 of 106
Quote:
Originally Posted by 3timesamom View Post

I got a fabulous deal at bare necessities. My order was suppose to be 152 and I got it down to 119. I am psyched! I have been needing my purchases from there. So if anyone needs anything from there check it out:)

Well off with the babes:)


What exactly did you get? I *only* buy Wacoal bras ($60 each) 'cause the girls need support (lol), and they are NEVER on special!

post #79 of 106

Sigh. While DH and I are on the same page about wanting to be debt free we are not on the same page about how to do it. We have 3 years left on a consolidation loan and I told my DH I would not be taking out another one. He has now indicated that when this one is done that hey we should get another. I have indicated that I want all debts paid off and his comment is, "Everyone else is in the same boat." He doesn't get it. He thinks Dave Ramsey is a joke but this is just not working. Part of the problem is that he is materialistic and keep up with the Joneses but goes around saying I am. I find this really very frustrating. Any advice?

post #80 of 106

Tradd, I got one that was goddess brand to try out. The other four bras are glamorise. Sadly I have to wear two at once to have proper support:( I will be getting a reduction when we KNOW we are done having children. Right now we are considering a fourth. I will have to look into your brand! My deals though were 15% off with a code from retail me not and 10$ for a black friday sale and free shipping for an order of ATLEAST 50 bucks:) So I think if they have your product you WOULD qualify!! I LOVE a deal:)

 

mamatowill, Well I don't know your debt situation.....At this point my family is on step 3. We have yet to save though:( DH wants a 1600$ gun:( I am able to cash flow the purchase that would have been on credit though!!) In January we SHOULD be able to contribute our old snowball to savings however. So I worked with him to get what he wanted to keep us debt free. Is there any way you could work WITH him?? Now my husband won't dare ask for money for a while. When he does I hopefully will have a large enough savings to feel comfy putting off more savings to get him the next thing. Rewards and flexibility often make the ride longer but more reasonable:)

 

AFM, I got two more nieces a zhu zhu on sale at target. So I still have 3 nephews and possibly 4 daycare kids to purchase for. As for my kids the money is set aside and I am waiting for some magical deals. Seriously the deals kind of stink this year! They really are not on the things I am buying! Anyone seen a deal on leapsters???

 

Well I am off to finish roasting pumpkins and making pies and bread:) I hope you ALL have a wonderful thanksgiving!!!

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