Getting Out of Debt- July 2013
Hooray for July! Thanks for starting a new thread, trekkingirl. This is the month we actually take the plunge and cancel cable. Dh has agreed to it and we have decided to spend more time with our hobbies (him - guitar, me - Candy Crush - just kidding, ha ha ha) and save the amount of cash that we don't spend on cable each month. I am hoping to make a deliberate plan so this money doesn't just get used for our usual living expenses but at first it will probably go into our savings. We will miss live sports on tv and will have to wait until our favorite HBO/Showtime shows are on DVD and at the library but for the amount we spend, we can't justify the cost.
Also in July, I gave up my Sunday waitressing shift for a Thursday night in order to have a weekend day off and the same day off as hubby. I am excited about this but hoping the money is comparable or better. I have also picked up a few extra shifts for girls going on vacation. Fingers crossed for a profitable month!
subbing thanks for putting july up :)
in july I can't pay as much off on SL as I planned but I received an old hospital bill for when I had that abbessed tooth last year. So I decided to pay it all off. 265 paid.
next month I think I will have an extra 400 to pay on the student loan because with the paydays with the new job I have 5 paycks and plan on using every one to pay off this .
Just sent off the last payment on my 2011 taxes - Yay for that! I wish that I could say that I snowballed it, but no, it was just the end of the payment plan I had set up with them. Now I have to work something out for the 2012 taxes I owe. Fortunately, the amount owed is not nearly so large as it was for 2011.
yah orangemomma glad you got it paid off. And glad 2012's is less. I'm glad I have this thread to help me keep on track, because no one I know in real life seems to care about their bills or getting out of debt at all. well my credit report has 7 negative marks on it and 6 of them has to do with my student loan so once I have that paid off my report will look awesome. my balance on it is 1500 atleast according to the last letter I received.
I was about to post in the previous thread and I was like "wait a minute it is July, I wonder if I haven't seen any new posts because I am in the wrong thread". Yep, here everyone is!
dziejen, glad you have made that commitment. Tough but useful in the long run.
trekkingirl, never heard of a ROKU box. $60 is a whole lot better than the $400 we spent on an antenna for our house - but at least that has kept my DH happy with some TV to watch. If we move, I might have to check out the ROKU box. Do you pay for subscriptions to netflix and hulu?
Pollyanna, those student loans are so important to keep up with. I was talking to high school students the other day about the dangers of defaulting on student loans. Hope you can get them paid off soon.
orangemomma, yeah on getting taxes paid off! That is great!
AFM, Paid off another credit card this month with extra money from the extra job I am working this summer. Transferred money to Canada hopefully for the last time to pay off DH's Canadian car loan and Canadian line of credit. Worked in our favor this month since U.S. dollar is worth more than a Canadian dollar so we actually sent less money than we expected. No more getting dinged with $5 fees to send money to Canada and then another $5 fee for the Canadian bank to receive it in addition to the fluctuating exchange rate where at times we actually sent more U.S. money than we needed to pay in Canadian.
Next plan is to see if we can get the house refinanced.
So we just got some news. I don't know whether to call it good or bad yet lol. But we got notice that they will be telling people with Dh's specific language mission that they either have to change MOS's or start the process of having their contracts terminated in February of 2014. We had been told earlier this year that it was coming but the Army is usually really slow about things so we thought we had 18 months-2 years to worry about it lol. They still haven't told us whether or not they will be telling everyone that they need to make the decision in February, or simply start telling some in February but Dh has decided he would rather just have his contract terminated.
He had already talked to his command about applying for early out in Fall 2014 and they had said it would be approved as long as he had an official letter from the school he plans to attend (which we are getting when we go home for Christmas), but still we thought we had about 16 months to get our financial affairs to where we wanted them to be before moving. Apparently we don't have that much time lol. If things are going like they are talking we might be home anytime between April and July of next year, so now I am reworking our budget and still applying for every babysitting and tutoring job I can get my hands on to try to help us reach our goal faster. Yikes.
John15n33, even with the uncertainty it sounds like you have a plan and that this change wasn't totally unexpected, but unexpectedly timed. Hope your DH finds out sooner rather than later and that getting school in order can get taken care of.
AFM, DH came home last night with some awesome news - $1.50 an hour raise! And he had just gotten a 0.50 raise about a month ago. I guess since he had come from Canada, the initial hirers didn't understand the level of training my DH had in Canada. That initial company was bought out almost 2 years ago by a German company and my DH was paid the same hourly rate as the older company with small yearly raises since then. He had been talking with his supervisor about having twins and the expenses with that and also about the education he is taking now in relation to what he had done in Canada. He took in some certificate he had about his Canadian apprenticeship in CNC machining - tool and die making and several days later this surprise $1.50 an hour raise. Like I told my DH, God will take care of our finances because we are going to trust that me taking care of our children is better for them than me working full time once they are born. I am so glad we started doing DR principles Dec 2011. We would totally not be in the place we are now without that extra direction for budgeting, saving $1000, and debt snowballing.
Last week I rolled $35 in pennies and put it in the bank. I am putting as much cash as I can aside so that we are prepared for winter heating costs. I also have been saving quarters for holiday shopping - so far I have a little over $100. It feels good to have a plan even if it is slow going.
I also am preparing for christmas got 95 dollars saved toward it now.
I have a question I got a letter from a creditor that is stating I owe over 300 dollars for a past bill. now this is the first time I have heard of the bill in the 2.5 yrs I lived in Texas. it was a company I used in mass. I asked the creditors to send me proof of the bill. but what they sent me was a letter that it was in dispute and I needed to send proof to them That I DON'T owe it? Does this sound right? I thought they needed to send me the proof.
thanks for any info
I'm in. Actually, I'll be in for the next 13 months while we wipe off some more debt.
I've been prepping myself mentally for the goal of paying off our mortgage in it's entirety, but after some thought, I think I'm going to try a slower approach and just pay off the smaller portion of our mortgage first, then re-evaluate our financial goals.
So far I'm sitting at 14% of my debt paying goal. My aim is to be at 45% of my debt goal by the end of December. We're sticking to a very strict no frills budget (mortgage, utilities, insurance, one cell phone, gas, food, homeschool supplies) and trying to maximise the amount going towards debt repayment. Also, I'm currently looking for a job that will allow me to work evenings as I SAHM/homeschool during the day.
Just wanted to post something I was proud of myself for doing that happened yesterday. I went to the grocery store with a very small amount of cash to get "something for dinner" - I was so hungry, I should never go into a food store hungry.
So I couldn't afford what I wanted to get for dinner with the cash I had, I REALLY wanted to whip out my credit card ( it was with me, there's room on the card, I was cursing DR as I walked the aisles)
I didn't do it, I kept the card locked up! I changed my idea for dinner, got the ingredients and left the store with 80 cents left over in my pocket!