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Archive for November, 2008

Punching back (and happy Thanksgiving!)

November 26th, 2008 at 01:04 pm

Well it's the day before the turkey day and we got paid today (yay!) so I went and paid a slew of bills including the mortgage (which dropped a few bucks thanks to an escrow adjustment) and electric. We're in great shape now with the money set aside for the holidays, my son's volleyball program and our landscaper (we had a soil analysis done by Penn State and we need a lime application to our lawn) PLUS I was able to pay most of what Card 1 took yesterday in interest on Card 2. It would've been a lot more than it was but I had to buy a plane ticket to Arizona for this weekend to see my brother (long story, he's getting divorced...family meeting of sorts down there) so I paid what I budgeted for minus the ticket. My mother did say she'd pay me back for the ticket but I'm even debating if I want her to have to do that (it's not like I couldn't afford it and I sure as heck would never have gone into debt for it. I paid with my debit card of course!) If she does that will go right to where it was going to...CARD 2.

Here's the update:

Debt Tracker (11/26/08)
Card 1: $41931.69 (8.99)
Card 2: $20815.56 (8.99)
Total: $62747.25

It's back below $63k at least! $2747.26 would be nice to be able to throw at it. We don't have another bill due until 12/22 (whoo hoo!) so I'm really confident we can be below $60k before New Year's Day. We'll see though!

Happy Thanksgiving (a day early) to the Saving Advice clan and your families!

Yuck! More interest charges

November 26th, 2008 at 01:20 am

Another statement closes and another finance charge slaps me upside the head. Ugh what a waste of money! I swear once we are done with these cards...we are done with these cards!

Card 1 collects $311.75 this month. Doh!

Debt Tracker (11/25/08)
Card 1: $41931.69 (8.99)
Card 2: $21076.69 (8.99)
Total: $63008.38

Back over $63k...Happy Thanksgiving Card 1 (grrrrrrr!) Can you tell I'm venting? Ha...gotta love it.


Another $2500 less owed

November 24th, 2008 at 12:39 pm

Well it's time for another update! We were able to slash another $2500 off of our debt last week so I am just a basketcase in wanting to get Card 2 under $20,000 and get the total kit and kaboodle under $60,000 (it looks a lot more ugly with those zeroes than if I just used the letter k so I'm using zeroes for motivation. Ha ha!) I can't wait for Weds either (PAYDAY!) so I can make another dent in the numbers.

Oh and those people you hear about getting their limits reduced...I'm one of those people! I had one company reduce my limit on one card from $14,000 to $500! It had no balance and really gets no use so it's not bothering me that they cut it other than for my credit score (which I could care less about at this point. I just want to quit owing cc companies money...I'm fed up with it!) The sooner I get this paid off and I can start cash flowing my daughter's college education (it's on the horizon!) the better.

I'm just happy that our household hasn't felt the economic squeeze nearly as much as a lot of other people (especially in PA!) Though I still think the media drives a lot of the panic and fear and that if people got back to basics they would be a lot better off. OK off the soapbox...here's the skinny:

Debt Tracker (11/24/08)
Card 1: $41619.94 (8.99)
Card 2: $21076.69 (8.99)
Total: $62696.63

They always stick ya!

November 14th, 2008 at 10:41 pm

I posted yesterday about how we had gotten down to just above $65k on our road to getting all our debt out of our lives and this morning Card 2 reminded me it still owns us by posting a $187 finance charge. Darn you Card 2!

So here's today's updated numbers:

Debt Tracker (11/14/08)
Card 1: $41619.94 (8.99)
Card 2: $23568.74 (8.99)
Total: $65188.68

I can't wait for next week. We finally budgeted out all our holiday shopping so I know I'll be able to put at least $2500 on Card 2 by the end of next week. We're really trying to get under $20k on Card 2 before the end of the month but it's not an easy chore with the holiday season approaching!

It's always something!

Another small step

November 13th, 2008 at 02:15 pm

Well I managed to pay down another $700 on Card 1 so we're sitting right at $65k left to pay off to have no debt but the house (I'm looking forward to it!) We had the garbage disposal quit on us so we had to replace it (ended up $589 for parts & labor...ugh) but we were able to cut a check for it without batting an eye (rather than charge it to a credit card and carry it...thus paying MORE than $588 for it!) I'll be doing a little wood chopping on Card 2 before the end of the month but the holidays are approaching so I need to budget for my anniversary, my daughter's 18th birthday, Thanksgiving AND Christmas. Yikes!

Here's where we sit:

Debt Tracker (11/13/08)
Card 1: $41619.94 (8.99)
Card 2: $23386.37 (8.99)
Total: $65006.31