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PayDay

January 19th, 2007 at 12:34 pm

Today is payday.Dh is paid twice a month. First check covers rent,food,gas,minor things. Second check covers everything else, utilities,debt,etc..

In my last post I did forget to mention a few expenses..insurance,netflix.
The check included 5 hours of overtime.Very helpfull in getting this debt paid.
I did pay off a small card 269.38 today which was not listed in the last post.
Super news is the taxes have been done via turbo tax and that CC#1 will be paid in full by the end of Jan.!!!


DH got me a side job yesterday. Photographed some product for an individual who sells on ebay. $75, although I will not be adding it to the challenge. It goes towards debt!!

"Apparently I have a reputation at dh work", So he says, another individual is inquiring about some wedding photography in June. We shall see.

On a sour note- I did not donate plasma at all this week. Tuesday I was snowed in.Thursday I simply threw in the towel, plus I was working on the side job. That puts me down $65.

Monday I begin the job search!

The debt reduction plan

January 15th, 2007 at 11:24 am

With the income that we have now.This is my short term debt reduction plan.

cc#1: 1,933- gone by end March.
cc#2: 2,827- gone by end June.
cc#3: 2,936- gone by end Oct.

There's more but this is the short term focus goals. With adding in more income from a second job I hope to see these banished before the dates listed.

Posting this I feel will make me more accountable.

By looking at my spending I can see where I can cut back more. I need to set a mad money amount and not go over that.

I want to add a note about our tithing. We only got serious about this three months ago. Shame on us. Before that we were giving only occasionally. It is now priority. Since the giving began we have seen suprise new $$.
~ a refund from the endodontist over $100
~ dh has overtime, which is unheard of for his ever increasing penny pinching company.
You don't even know what a huge blessing the overtime is!!
I know that we can do far more with 90%, when we give 10%, than we could ever do with 100%. Since giving we have put away $400 into an EF account. I have the challenge going as well.

It's going to be an exciting year as well as a valuable lesson learned year. It is such a huge priority to us. We don't want to be held down. We have dreams, goals and a new life that waits for us just beyond the shadows we currently stand in.
So the journey begins.



Where the money goes

January 15th, 2007 at 11:03 am

Money.Money.Money. Or perhaps the lack of money. It has consumed me. Correction.debt.it.consumes.to much of a persons energy and time!

Dh and I have a story. I am ashamed to share it. Trust me, I HAVE learned my LESSON! I don't want to get into all the details. Lets just say. We were debt free. It was the first time we had money, extra money. There was a business venture that didn't work out. Now we have debt, partly from stupidity,partly from giving to people who didn't deserve our favor and partly to stupidity. The crying is long over, but the debt remains. I am determined beyond everything to banish roughly 21,000 of debt ASAP- I may be over optomistic in thinking it will be gone by the end of '07.
Dh income alone will not do it- the addition of plasma $$ will not be enough. Therefore, I must return to the world of barely above minimum wage work. I'm not even sure where I'll begin to look.
I will begin looking next week. Dh is working overtime this week, so next week it is.

So, where the $ goes-
So far this month:

Rent:795
Groc:146.50
Gas:51.82
Cleaning:4.78
Makeup:7.86
stationary:5.53
fabric:5.65
Internet:19.99
Cell Phone:30.00
Clothes:5.99
Yarn:19.95
Oilx3 changes:41.71
Medicine:2.18
Power:113.79
mad $ at goodwill:27.16
Paid off 1cc:98.95
___________________

The rest of the month looks like this.

Tithe:270.00
Total min. cc payments: 527.00
snowballing:300 towards smallest cc to be paid off in March.

gas/groc:135ish