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What Needs to Happen - the Plan

December 22nd, 2011 at 01:55 pm

Trying to keep myself positive and work my way back up the financial ladder. I need to rework my budget for just my income.

My income avenues are:

*Monthly SS check for the next year when my youngest turns 18 on December 26, 2012.

*Babysitting the neighbor's babies. This is sporadic, but it is usually an extra $100 - $140/month until June 2012. (she is a teacher).

*A house that I clean once a month - $65.00 (might try to add a house or two).

*Summer beach job - seasonal (Memorial Day to Labor Day). I only work this in the summer, but usually make around $3,000 or so.

*Looking to add another part-time job, which I already have been searching for. Something will come my way.

Right now I have 16.xx in my checking and 15.xx in my savings. My husband, for now, gave me $65.00, I have a check for $18.04, and I just transferred the rest of what was left in my Pay Pal ($24.03) to my checking.

All my bills (expenses and debts are paid) for the year, Christmas shopping is done and I have almost enough food to finish out the year, I believe. I do however need just a few items to finish out my menus, which I will pick up today.

January - I am hosting Bunco. I already have the plates, napkins and most of the items to put together the desserts. I have chosen a luau theme and the desserts will be pineapple upside down cake, pecan pie, punch (hawaiian punch with 7up and frozen pineapple chunks) and coffee. I have $40 left in the budget for the gifts. But January is a great time for gifts. So many sales.

February - Baby shower for my new grand-daughter on the way. I have a couple items, but keeping it simple. Menu will be chicken salad with croissants, spinach salad (baby spinach leaves, blueberries, strawberries, walnuts, melon and poppyseed dressing), gourmet potato chips, banana bread, cake, lemonade, water and coffee. Other items I need, I will use coupons or find at the resale shop.

Property taxes due on February 14, 2012 - $246.03.

March - New baby arrives. Due date, St. Patty's Day. Pretty excited.

April: - Easter dinner and the planning of the 2012 season opening of the beach club.

Besides filing for divorce in the new year, making sure I have a strict budget will help me attain my goals.

*Need to rebuild my emergency fund.

*Need to pay down my debt (using my income tax return and a strict debt re-paying method).

*Need to use the money I make at my summer job to buy myself a vehicle.

*Make a list of free/cheap things to do throughout the year with my children to keep me from failing.

Fun things I have right now to do.

*Movie - one free movie ticket - expires December 31, 2011. I will probably sneak out and catch a movie all by myself and use a coupon for some popcorn.

*Red Robin - Free burger - expires January 2 (I will use this for my youngest birthday dinner on December 26).

*Buddy's pizza - Free 4 square cheese pizza - expires January 10. I will definitely pick this up for one of our dinners.

*Model railroad open house with coupon. Will only cost $8.00 for me and my two children at home to attend.

*Ice skating on lake - need ice skates. Should be able to find some at the salvation army for cheap and then pay the $3.00 to have them re-sharpened.

*$25.00 gift card to Applebees. This will be a special treat.

*$20 gift card to Starbucks. I am going to treat my four children (3 of my own and daughter-in-law), so I can talk to them about the divorce, baby shower planning and my goals for the year).

*Tim Horton gift card with $1.37 left on it. - I will definitely use this up when I go out with my favorite neighbor for coffee to catch up on our lives. She needs to know about my decision for a divorce also. She is 74, but a pivotal part of my life. She came into my life the summer after my mother died, 6 years ago, and I can't tell you what a bond we have made.

*Enough points at mypoints.com for a $25.00 gift card. Just need to pick one.

*I am, however, gonna pay the $106 for the unlimited exercise program through our community schools for zumba, strength training and yoga. It runs from January through March and I can do unlimited classes Monday - Thursday.

*Once March is over, I can start walking outside again on the trails - Free.

*Free - Community yoga on Saturday mornings in my town at the Yoga place.

Well, that is the plan so far. Other than putting up my year-end totals and making a brand new doable budget, I believe I can keep myself busy and be happy.

7 Responses to “What Needs to Happen - the Plan”

  1. CB in the City Says:

    Wow, you are full of plans! I always love a new plan.

    How did you do on finding dresses for all the weddings you went to this year?

  2. Campfrugal Says:

    I did really well on the dresses. All the weddings were so different, that they all required different types of apparel, but a whole lot of fun and family bonding. I hope 2012 is not as active in weddings and graduations. It becomes expensive after a while.

  3. snafu Says:

    Have you adjusted withholding so that you are paying only what is due? Can you reduce expenses by relinquishing land line and switching to cell? You can retain your existing number but need to modify minutes if you're talkative.

    If your home has an extra bedroom can you give up some level of privacy to take a room mate? If you are near a college or university, accommodation for a student can work out well. They are not demanding, busy with classes, friends and PT work. Finally they return home for holidays and between semesters!

    What is your plan to pay for expenses [legal documents] associated with divorce? Will soon-to-be EX pay a lump sum or a reasonable amount alimony for benefits accrued during marriage?

  4. frugaltexan75 Says:

    Are you keeping the house and getting alimony?

    It sounds like you have a lot of good plans.

  5. Campfrugal Says:

    snafu. There is no withholding to adjust. I am paid social security because my kids dad died. Social security is exempt from taxes. My deductions come from minority children, property taxes and mortgage interest which results me in a income tax return.

    I can possibly reduce my expenses by getting rid of the landline, but I haven't ventured into that area yet.

    snafu and frugaltexan. I bought the house before I got married and will remain living in my home with two of my children. It will be an uncontested divorce with no minor children, because none of them are his.

    And, as for the cost of the divorce, I am doing it myself. I have an extensive law background and the filing fee is only $150. I will probably have the attorney that I do some work for on the side look at it, but it probably won't cost me anything.

    I can afford to live on my own, as I have done it in the past, with three small children at home and one terminally ill. I would just like to add another part-time job to be able to pay off my debt a little faster before I loose a large part of my income the end of next year from social security. Plus, many of my expenses will be less due to one less adult living here.

  6. PNW Mom Says:

    I am very impressed with your thought out goals and plans....good luck!

  7. My English Castle Says:

    Nice planning roll-out. It's been a tough year for you; but your planning skills are admirable. Have a lovely Christmas--and we're here to cheer you on next year!

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