Getting out of debt in MAY!! - Mothering Forums

Forum Jump: 
Reply
 
Thread Tools
#1 of 63 Old 04-30-2012, 06:04 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

Do you want to get out of debt? Start living on a budget? Be able to start saving? Then this is the thread for you! Some of us use Dave Ramsey's method but please join us even if you're following someone else/your own plan. All are welcome!

 

Here's DR's plan:

Pre-Step 1: Get current on your debts and do a budget
0.1 No new borrowing.
0.2 Talk with spouse and get him/her on the same page as you concerning finances.
0.3 Do a written budget
0.4 Temporarily stop all retirement contributions
0.5 Get current on all the basics (Shelter, Food, Utilities, Basic clothing)
0.6 Amputate "toys" (bikes, boats, ATV's etc) to help snowball
0.7 Cut lifestyle (Cut cable, cell, extras, eating out) and/or get a second job to raise $1000 EF.
0.8 Get current on ALL bills

BS1 $1,000 to start an Emergency Fund
1.1 Chop up/freeze CC's (You have an EF now)
1.2 Get Health insurance NOW if in the US
1.3 Get Life insurance NOW if you have considerable debt/your family couldn't make it financially if you died.
1.4 Amputate cars that you can't pay off within 24 months

BS2 Pay off all debt using the Debt Snowball
2.0 Do the debt snowball, paying all your debts from lowest BALANCE to highest.

BS3 Three to six months of expenses in savings
3.1 Start car replacement fund
3.2 Save up 20% for home purchase OR pay down existing mortgage to the point you can drop PMI.
3.3 Start furniture or other non-essential stuff replacement fund

BS4 Invest 15 percent of household income for retirement

BS5 College funding for children

BS6 Pay off home early

BS7 Build wealth and give! Invest in mutual funds and real estate

Here's the link to Dave Ramsey's website: http://www.daveramsey.com or if you want a good DR discussion forum, http://www.llnoe.com is good but hardcore. Gail vax Oxlade's Til Debt do Us Part is great tv show, very motivating. Her website is: http://gailvazoxlade.com/blog Others like Suze Orman or Mary Hunt, really doesn't matter whose method you use, just start the process to getting out of debt

 

Welcome.gif


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#2 of 63 Old 04-30-2012, 06:05 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

I'm not sure where April went, but ready or not, here comes MAY!!


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#3 of 63 Old 04-30-2012, 06:26 PM
 
Wolfcat's Avatar
 
Join Date: Jan 2006
Location: Nebraska
Posts: 1,117
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 5 Post(s)

Pre-Step 1: Get current on your debts and do a budget
0.1 No new borrowing.
0.2 Talk with spouse and get him/her on the same page as you concerning finances.
0.3 Do a written budget
I have all the necessaries taken out automatically. We don't have much left, so we keep an eye on the account and spend little or nothing. I should make up a written budget some time, though.
0.4 Temporarily stop all retirement contributions
0.5 Get current on all the basics (Shelter, Food, Utilities, Basic clothing)
0.6 Amputate "toys" (bikes, boats, ATV's etc) to help snowball
0.7 Cut lifestyle (Cut cable, cell, extras, eating out) and/or get a second job to raise $1000 EF.
0.8 Get current on ALL bills

BS1 $1,000 to start an Emergency Fund
1.1 Chop up/freeze CC's (You have an EF now)
I keep one CC for car/hotel rentals and for certain purchases. It gets paid off completely each month.
1.2 Get Health insurance NOW if in the US
1.3 Get Life insurance NOW if you have considerable debt/your family couldn't make it financially if you died.
1.4 Amputate cars that you can't pay off within 24 months
We just bought a new car that is built into our current budget. It will take a little over 24 months to pay off if we stick with the schedule, but we should be able to pay extra with next year's tax returns.
 


Check out my business, Pangaia Metaphysical Store, and radio blog, Pagan Musings.
I'm a witchy mama to DS ('06) and DD ('10) with DH, Stormie, a heathen homemaker daddy.

Wolfcat is online now  
#4 of 63 Old 05-01-2012, 06:30 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Laurie you must be about ready to have that babe?!!!! How's the pregnancy going?

 

AFM  I am still trying to recover from the $4,000 transmission. I got off disability to try to catch up but my work is holding a grudge and only giving me 4-5 hours a week! I took on another job in another field to try to make up for this but found out six weeks into it that they weren't going to pay me like they promised. It really has been one thing after another. I didn't have internet for a while but am back online as of yesterday. My BEF has about $200 in it after using it to live off of when I wasn't making any money.

 

I found a great opportunity as far as rent goes. I got my rent down to $330 per month by joining a fraternity (DH) and staying on their property. It's a nice spot centrally located in a historical district.


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#5 of 63 Old 05-01-2012, 11:36 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

I've still got 6 weeks to go pregnancy-wise, but thos are going to FLY by!!

 

This pregnancy's been so different from DS's (in a good way, I was super sick all throughout pregnancy with DS). It's been hard to not be able to nest since we move June 1st with babe due June 16th. I'm anxiously awaiting summer: new house, new babe, no work! ...these 3 am mothering visits need to stop though! ...sleep is hit or miss...

 

Trekking, I'm sorry that it seems to be one thing after the other. Thank goodness you had your BEF! I hope something good on the job-front comes your way sooner rather than later!

 

Wolfcat, do you have a projected date that you expect to be done BS1?


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#6 of 63 Old 05-02-2012, 03:25 AM
 
AnkaJones's Avatar
 
Join Date: Jul 2011
Location: USA
Posts: 287
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Trekkingirl -- that's really rough.  I'm glad you found a lower rent place, though!

 

Laurie -- good pregnancy vibes headed your way.

 

As for myself, still plugging away on BS2.  We're moving into a lower rent place this month, which is also a bit bigger.  I'm looking forward to having more space and more in the budget each month, but it'll be a challenge to keep the move within budget.  This is the first time we've moved since the baby, and I'm not sure how it's going to work logistically.  Luckily, there's a two week overlap between the two apartments, so we can go slow and steady for the most part.

 

Anka


hippie.gifwife to DH, new mom to babyboy.gif 7/4/2011.  femalesling.GIF familybed1.gif BFPChart2.gif cd.gif knit.gif

"I remember my mother's prayers and they have followed me.  They have clung to me all my life." -- Abraham Lincoln. 

AnkaJones is offline  
#7 of 63 Old 05-02-2012, 06:06 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Just six weeks! Yay.......so excited for you.


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#8 of 63 Old 05-02-2012, 11:44 PM
 
kitteh's Avatar
 
Join Date: Jun 2009
Location: Santa Monica
Posts: 1,540
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Hey ladies!

 

April was an amazing month for us. Even though I had two weeks off for Spring Break, we managed to make about $500 more than we have every month this year, and since we moved to this new apartment in December, we haven been making close to $500 more than we did before we moved. So that means we made almost $1,000 more last month than we were making in November 2011. It's amazing how much difference $1,000 can make! I managed to pay off our BofA card and then I put the rest in savings. We also ate out a bit more and purchased a few "wants" for our place, but we did so mindfully. DH has been working A LOT and he really enjoys eating out, and I think we're both kind of in pre-nesting phase with our apartment, because we're planning to try for baby number two this September.

 

Our EF is up to $4,000 and we're hoping to have it close to $7k before trying for the next baby, and then I'm planning to go for $10k by the time the next one is born. I'm just holding out hope that things continue to go well for us.

 

Good luck to the rest of you and your plans!


Married 12/08 to Chilean DH and mama to DD 2/2/10. We're a bilingual home and we familybed1.gif and toddler.gif

 

Expecting #2 in late June!

kitteh is offline  
#9 of 63 Old 05-03-2012, 03:21 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

Wow, Kitteh, those are some impressive numbers and some really great changes! I hope it continues to go so well!


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#10 of 63 Old 05-03-2012, 04:41 PM
 
Contrariety's Avatar
 
Join Date: Jul 2007
Location: The UC
Posts: 2,327
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

We made no movement in April, so I've got big hopes for May!  It's a busy, busy month for us, and that means we're spending more on gas than I'd like.  We have a family trip at the end of the month i have to start preparing for as well.  As long as we're heading in the right direction, I won't get too down about it.

Contrariety is offline  
#11 of 63 Old 05-05-2012, 06:57 AM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

April flew by!  We have 2 credit cards with low balances that are near to be paid off, but the overtime DH has been getting is about to be axed since the company says it is giving too much overtime pay (you think, 50 hours weeks from Sept. 2011 to April 2012, yeah).  With the two credit cards paid off, we should be okay even without the extra overtime, but the debt snow ball won't be snowballed yet.  I have an extra summer school teaching job this summer so hoping to use that to get rid of another credit card debt.

 

Bank of America sent me an very annoying letter yesterday saying that they are going to charge me $59 annual fee starting this month.  I haven't purchased anything on this card in months, maybe 2 years.  But we don't have enough money to pay it off which is the only way we won't get the annual fee.  GRRR.


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#12 of 63 Old 05-05-2012, 06:11 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Quote:
Originally Posted by lilacvioletiris View Post

...

 

Bank of America sent me an very annoying letter yesterday saying that they are going to charge me $59 annual fee starting this month.  I haven't purchased anything on this card in months, maybe 2 years.  But we don't have enough money to pay it off which is the only way we won't get the annual fee.  GRRR.

 

Can you switch to another no-fee card? I know my bank's good about that (even if they have a promo and I accept a card with a fee free for a year and then get charged the following year, they'll take that charge off).

 

Is it worth getting a line of credit to transfer the balance to, then ditch the card?


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#13 of 63 Old 05-06-2012, 04:24 AM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

It was a no fee card.  That is just the trouble.  I haven't been able to do balance transfers the last couple of years since the credit card companies keep lowering my credit limit once I get it paid off.  It is like they know I am not spending with it so now they are going to add a fee for "managing my debt".  I am not sure if I would qualify for a line of credit.  DH has one in Canada and keeps saying "lets amalgamate our debt to get lower interest" and I keep telling him no since Dave Ramsey says that "consolidating all debt loses benefit of the low versus high interest rates" or something like that.  I guess I need to call Bank of America so see if they would not put an annual fee on the card.


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#14 of 63 Old 05-06-2012, 04:38 AM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

I'm not sure what DR would recomend here, but I understand DR's caution against consolodating debt (so many people consoladate, feel the relief, then ignore the debt while continuing rack up more). If it's a reasonable amount and would save you money and you've already experienced progress and are motivated to continue and are able to set up little goals for yourself (like keeping track of what you've consolodated....i.e. $3,000 is credit card A, $500 is whatever, etc. then you can know when you contribute $300 that you've nearly paid off that second debt and keep snowballing that way- I like visuals that you can colour in to actually SEE progress) I see no harm in that IF it's done thoughtfully with clearly out-lined goals (i.e. give yourself a time-line and track your progress to keep accountable).


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#15 of 63 Old 05-06-2012, 07:49 PM
 
kitteh's Avatar
 
Join Date: Jun 2009
Location: Santa Monica
Posts: 1,540
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by lilacvioletiris View Post

 I guess I need to call Bank of America so see if they would not put an annual fee on the card.

DH is an immigrant and his first credit card was a Capital One card that offered a ridiculous interest rate, but no annual membership fee. Now, 3 years later, we get a notice that they're charging us $29 membership fee. I'm assuming it's because we use the card responsibly and pay it off before it becomes due, and they aren't making any money off of us. Unfortunately, my eco-friendly side went paper-free for statements and account updates long ago, and now they hide those announcements away on their websites, which I fail to visit on a daily, or even monthly, basis. The fee just hit a week ago and I'm hoping that I can call and get it reversed or just close the account, since we aren't carrying a balance.

 

I totally understand your frustration with the powers that be, and the control they have over the terms of the credit agreements. I used to have really great credit but a lot of debt. Then the recession hit and as soon as I paid anything down on my cards they dropped my limits, so it looked like I was maxed out on cards, and my FICO did a swandive. Of course, I couldn't qualify for 0% introductory rates because the credit card companies made it look as if I were irresponsible with my credit usage--and I suppose I WAS for getting into debt in the first place--but I never would have maxed out a credit card. So my habits didn't change at all, but the market did, and the way that the market viewed me and my spending habits did.

 

That's when I decided to free myself of the credit card farce. They claim that it is convenient and useful to use their 0% interest offers, but really they are just out to make money and they hold all the power. You know what is REALLY powerful? Cash. You can usually get better deals by offering cash up front. They make money off people who go into debt and pay out the a$$ in interest and fees, but they also lose money on people who default, and the rates of default are rising.

 

That said, I've still got over $2,000 in credit card debt right now. I could pay it off immediately if necessary, but with 0% interest rates, I still haven't. I plan to call CapOne tomorrow about my husband's "membership" fee. Malarky.


Married 12/08 to Chilean DH and mama to DD 2/2/10. We're a bilingual home and we familybed1.gif and toddler.gif

 

Expecting #2 in late June!

kitteh is offline  
#16 of 63 Old 05-07-2012, 06:25 PM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

I think that would be a great.  I am with you on the "make me look bad by lower my credit limit" deal the people have been doing to me too.  I want out, but it will be a couple years before I can get out of debt.


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#17 of 63 Old 05-07-2012, 07:27 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

Well folks, this is all tentative, but we were aiming at getting ourselves almost $1,000 in the hole each month for this upcoming year (with me going on mat leave, DH being a full time student, and having bought a new house).

 

We of course figured we'd make it all work somehow, but it seems we've figured out how! One of DH's friends is looking to go back to school and lower his living costs, so we'll rent a room to him for a year, PLUS a friend is just looking for occassional care for her child as she's returning to work (for a couple days a week) and it looks like it would be an ideal arrangement for both of us if I provide childcare for her. SOooo... with these two things we should come out at very least breaking even (*knock on wood!). Coming out of this upcoming year in the black, living on only half of one income, will be a HUGE blessing!

 

We won't know what hit us when we go back to being a dual-income family!


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#18 of 63 Old 05-07-2012, 10:06 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

I finally set up automatic saving on my ING account again. $150 every Friday towards the BEF/ house down payment fund. Right afterwards I remembered that the first of the month had come and gone and we totally forgot to pay the bills! OOPs!


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#19 of 63 Old 05-11-2012, 02:59 AM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

So excited!  After 2 years of no pay increases, I am getting a $87 a month more pay increase starting in July!  Yeah!  Pay off debt sooner!


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#20 of 63 Old 05-17-2012, 04:29 PM - Thread Starter
 
eirual's Avatar
 
Join Date: Mar 2006
Location: GTA, Canada
Posts: 4,314
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

Wow, we're slow around here this month.

 

lilacvioletiris, that's great news!! broc1.gif


Laurie, wife to guitar.gifDH (Aug/04), mom tobikenew.gifDS1 (Nov/05) and bfinfant.gifDS2 (June/12).

 

eirual is offline  
#21 of 63 Old 05-17-2012, 10:52 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

I'm here

 

I have $750 put away for the BEF so far. We're doing $150 per week.


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#22 of 63 Old 05-18-2012, 02:37 AM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

Just got confirmation that I will be teaching summer school = $1800 extra minus taxes and tithe.  This will be split between savings and some visiting to family that we want to do.  Gas costs so much and both DH and I want to visit our families at least once this summer.


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#23 of 63 Old 05-18-2012, 05:22 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

In 30 days I will be taking on a new client. This one will actually PAY unlike my last client. Already been approved by the state. Hopefully an extra $1200 per month. Time to knock out the debt again!

kitteh likes this.

living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#24 of 63 Old 05-21-2012, 03:15 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

it's hard to be gazelle when yall don't post! POST POST POST POST POST POST POST POST


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#25 of 63 Old 05-21-2012, 08:02 PM
 
kitteh's Avatar
 
Join Date: Jun 2009
Location: Santa Monica
Posts: 1,540
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

I got a totally surprising card from the parents of my students last week. I guess it was Teacher Appreciation day sometime last week (I'm new to the education field, so I had no idea) and they got me a $10 gift card to Starbucks, which was totally reasonable and thoughtful. But tucked inside the card was also a crisp, fresh $100 dollar bill! I was totally floored and taken by surprise. They were all really generous and giving during Christmas as well, but it was Christmas. So while I was surprised, it didn't seem all that out of the blue. But I totally didn't see this one coming, and I admit that I kinda teared up a bit when I opened the card.

 

Also, I received a $50 check in the mail a few weeks ago for a rebate that I'd applied for ages ago. I tucked the check away and didn't cash it right away. I was trying to decide what to do with it, because for some reason I had convinced myself that $50 is too small to be significant enough to put into savings. I guess I was just trying to rationalize spending it on something we don't need. But now that I got the $100, I'm going to put both right into savings, bringing us up to $4,951 in savings. It's really exciting to see it grow now, after barely having $1000 (at best!) in savings for over 10 years while also having thousands and thousands in high interest credit card debt.

 

Unfortunately, we also recently found out that my district is having wide-spread budget cuts that will affect support staff. My principal has decided to cut everyone's schedule by a half an hour next year, which is totally fine and won't make a huge difference in our finances. Unfortunately, the cuts are being ,made district-wide and some principals are opting to lay off assistants. If those people are higher on the seniority list than I am (which is quite possible, since I just started last August) then it's possible that they will be able to bump me (or anyone lower on the seniority list) out of my position. I won't find out until Mid-Summer whether or not I have a job next year, and that is frustrating. I also haven't heard back yet about the summer position that I applied for.

 

So, while our finances are looking good, things are really up in the air for us with regards to my job, which gives me even more motivation to put as much money in savings as possible. We are planning to start trying for baby #2 in September, and we have talked about it and decided that we should not put off adding to our family just because my part-time job is precarious right now. I am really hoping to keep it, because it is the perfect for me to be able to bring in some income and get out of the house a little while still being at home with my LO(s) for the majority of the time. I'd really like to keep working as an Instructional Assistant for the next 3-5 years, until my little ones are in school--and then I'm hoping to get my credential and start teaching. But we'll see how things pan out, I guess.

 

How is everyone else doing? Only 10 more days to scrimp and save in May!!


Married 12/08 to Chilean DH and mama to DD 2/2/10. We're a bilingual home and we familybed1.gif and toddler.gif

 

Expecting #2 in late June!

kitteh is offline  
#26 of 63 Old 05-21-2012, 08:26 PM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

I just found a website for house sitting. I signed up for the free trial. Does anyone know how much people pay house sitters? I couldn't find that info on the website. It would really be nice to have a break from the RV. I would be happy to house sit for free. But I will gladly accept pay too KWIM!


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#27 of 63 Old 05-22-2012, 03:09 AM
 
lilacvioletiris's Avatar
 
Join Date: Apr 2011
Location: Battle Creek, MI
Posts: 3,047
Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)

I was thinking of doing a house sitting stint to get a vacation that I wouldn't have to pay for the accommodations.  Could you send me the link to the website you found?

 

gazelle intense - this month has been a bummer as it is the reconcilation month for our electricity budget plan and I guess we owe $250 something to the electric company. 


Crafty Geeky lady (37, hypothyroid) married 7/2010 love of my life (42, azoospermia). I believe in MIRACLES! Twin boys born 12/21/13 at 40 weeks 2 days! 3/52 crafts in 2014 Ramsey's BS1: Done! 2/17/12 BS 2 goal: 6/7/17 no sperm initial DX 3/23/12 BFP 4/7/13!
lilacvioletiris is offline  
#28 of 63 Old 05-22-2012, 10:43 AM
 
trekkingirl's Avatar
 
Join Date: Dec 2009
Posts: 1,627
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

no clue how to set up a link but the website is housecarers.com

 

I also tried to sign up for odd jobs at taskrabbit but I don't have a web cam to do the interview process.


living with alopecia universalis (google it), learning alongside my children DD 2003blahblah.gif DS 2007fencing.gifDD 2011jog.gif

trekkingirl is offline  
#29 of 63 Old 05-22-2012, 01:46 PM
esg
 
esg's Avatar
 
Join Date: Aug 2010
Location: Texas
Posts: 239
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

I haven't been on the debt thread since the February one.

I missed it! I wish I could say that so much has happened but Murphy hit hard many times and I'm just trying to get myself going again.

I'm hoping to post here as I was to keep myself accountable and on the move.

 

Hope everyone is well!


Single mama by choice to sonbabyf.gif 2/2011.
I love showing my little sweetheart (now a busy preschooler!) the world!

esg is offline  
#30 of 63 Old 05-22-2012, 05:44 PM
 
Contrariety's Avatar
 
Join Date: Jul 2007
Location: The UC
Posts: 2,327
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Unfortunately we are not making much movement.  We aren't going backwards, though... so there's that.  I just sent in receipts to be reimbursed for about $500 worth of medical expenses from our FLEX account, and that will go into savings... we've had a gazillion places to drive and just a really, really busy month which has meant more eating out than we should.  DH's sister got married, it was my MIL's b-day and mothers day as well, so there were gifts to be purchased as well.

 

I really wish I could pick up a part time job, but we are far away from our baby sitters and Dh's work schedule varies so much that I can't commit to any work schedule myself.  Blech!

Contrariety is offline  
Reply

Tags
Finances , Frugality

Quick Reply
Message:
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0
Options

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off