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Archive for January, 2011

The Focus on My Debt

January 22nd, 2011 at 05:16 am

With my tax return, the goal is to pay off the old visa first. It is drawing such high interest. My property taxes are due on the 14th, so they will be paid along with focusing on getting the doctor bill paid off next month (February), as well.

The new visa has zero interest for 4 more months, so I prefer to focus on the others that are drawing interest, but none the less, I do want the new visa paid off before any interest kicks in.

Then I will only have the Discover and Wamu (which are drawing interest) and the Art Van cc (which doesn't have any interest for 36 more months) to focus on.

Right now my snowball says 33 months, but let's see how many months it says after I pay off a few credit cards/debts and delete them from the snow ball.

I am having a large yard sale this spring in which I will direct my monies to paying off debt.

And, I am having all of my summer beach job checks direct deposited into my savings. I am, at some point, going to have to purchase myself a vehicle. I have been using my daughters, but my youngest son is soon to get his drivers license and they are both going to have to share that car. I also figured if there is someplace I really need to go or be, I can rent a car for a day or two, so I am not too worried about.

Plus, my job is 5 houses away. I work at our local beach club right in my subdivision, so I usually just walk to work.

Paying off some Debt

January 21st, 2011 at 04:16 pm

Done my taxes. I am getting back $2,275 the beginning of February. Yippee. I am going to pay off the Old Visa, sock $1,000 into savings and put the rest towards my other debt.

Maybe You Have Noticed

January 20th, 2011 at 05:42 am

That I pretty much deleted most all of my entries. As I was reading over the past, I realized that not much of it was relevant anymore.

I have paid off credit cards and brought on other credit cards. I have been sick, gotten a doctor bill, paid it off, only to get sick again and get another doctor bill. And the cycle repeats.

My main goal is to reduced my debt, but I am not sure I will completely be free of it. There will always be things I need or events that will happen, like a car for myself and doctor and dentist bills, not only for me, but for my family. Along with weddings, babies, vacations, etc. My kids are getting older (16, 19 and 25); and a lot is going to change over the next so many years; and I want to enjoy all of it.

I know that that is the reason for an emergency fund, which I am working on, but with my husband not working since the week of Thanksgiving, we have had to tap that fund for living expenses and food.

He was supposed to be working full force the beginning of January, but things keep happening. He will get a day or two in then the rest of the week off. Now, his boss is saying, maybe the end of February or the beginning of March. He has picked up a few small jobs here and there; and it seems like we have had the money to meet all the bills and eat, so I can't complain. I have applied for some jobs on my own, but no luck. I just don't want to miss out on enjoying him because we are stressed over money.

There are also events this year that I want to be a part of. Not that they cost money, I just don't want to be thinking about money everyday. I want to live my life stress and worry free - which is almost impossible, but I think it can be reduced by not worrying whether or not I have money or I have paid off my debt.

So, for the big ticket fun things this year:
*My surprise 50th birthday bash.
*My best-friend's daughter's wedding
*Three nieces having babies and their showers. I get to help deliver one of them.
*Maybe the American Idol auditions with my son - depending on where they are.
*The Beach Club opening - love the summer season.
*Family vacation up north.
*Re-connecting with some childhood girlfriends.

So, this year will be the year of re-connecting with myself. Not worrying about money. I will focus on reducing debt, but I think I want to focus on building savings more. I will apply extra cash to savings and debt at the same time.

I used to be in a place where I didn't have any debt; and had a savings and I know that feeling. I will get there again.

But, life is to enjoy; and I want this year to be full of living.