Post by teachermom on Jan 21, 2011 19:10:31 GMT -5
I am debating on what to do with my race. I just bought a new to me car, so I need to race it. My other debts are student loans and my mortgage which are 20+ years out on the payoff. It is kind of depressing to post such a little payoff each month. I think I might just start a new race with my car and keep up my payments on the others and not race them. My initial race had credit cards (paid off), LOC (paid off), my van (paid off), student loans, and mortgage, so I have paid off a lot......$20K + of debt. My first payment isn't due until next month. Going to use that time to re-fund some of my savings, etc. and then get started on paying off my car.
I have some time to ponder it. What do other people think?
I am debating on what to do with my race. I just bought a new to me car, so I need to race it. My other debts are student loans and my mortgage which are 20+ years out on the payoff. ... I think I might just start a new race with my car and keep up my payments on the others and not race them. .... What do other people think?
Hi Teachermom - Stormysix is having the same issue... long-term student loans versus new consumer debt. There are really only two options if you want to race the new debt... 1. Start a second race and plan on winning that one first. Totally fine, just make sure you post the  behind your name in your tagline and point this out to the captains each time (at least initially) so we don't screw up the spreadsheet. With this option, you could either continue to post your results for your first race or become inactive on the 1st race and once you finish your 2nd race, start posting updates on your 1st race again (we won't lose your initial race numbers). 2. Just add it in to your existing race and add the revised page number to the end of your tagline. This would be easiest record-keeping wise, but it's not that big of a deal on the captains' end.
Either way, it is up to you on what you want to do and what would be most motivating.
Last Edit: Jan 21, 2011 20:06:49 GMT -5 by mtntigger - Back to Top
This has been an expensive week for me. I bought myself a new wardrobe. At the end of last year I lost a lot of weight (for me) and now I am 3 sizes smaller than I was before and at my size that means my pants were super baggy and I looked ridiculous. Also, one of my non-financial 2011 goals is to work on my social life so having something to wear will help. I used the "I don't have anything to wear" excuse a lot for not doing social things in the past. Of course, I didn't want to spend the money but I made myself do it. I'm still freaked out by the fact that I spent the money on clothes but I am trying not to think about it.
Anyway, here's my update. I'm using the tag line only because I now only have one debt left that I'm racing. Every few months or so I will include my chart to remind myself of where I've come from.
Oops can't remember my WIRR starting page right now. When I remember I'll edit and add it.
ETA: I found my copies of some of my MSN pages and so I added my starting page above. The copies were in a folder in my file cabinet labeled "MSN-Money". I guess the folder was too well labeled for me to be able to find it.
Post by NoMoreMrDebtGuy on Jan 22, 2011 18:06:41 GMT -5
Wow, my formatting is nasty looking. How do you get that nice box look? I have seen people say "download it from EXCEL", but I have low to moderate computer skills other than using WORD to create documents. A difficult confession for a man, but there it is. Could anyway give me step by step instructions that even a technophobe like me could understand and perform? Thanks.
NoMoreMrDebtGuy....go to page 3 and the second posting on the page has the excel attachment. The post is by Slowbutsure. Download the attachment and take a look at it. You can fill in your own information, add lines, subtract lines, add columns, and remove columns. My suggestion is to create another sheet in the excel file and copy and paste the original onto the new sheet, work with that and if things don't work you won't have to come back here to download the file again.
mrsglg1 - Did you want to start a new race or do you want to continue with your previous race? BTW, we would prefer if you continue with your previous race. If so, your new tagline would be.... Mrs. GLG 1/23/11 $5730.68 (1/27/10 $10148.36 WU51)
NoMoreMrDebtGuy - If you still have questions on the table, just PM me (click the envelope under my name).
Post by debtheaven on Jan 24, 2011 15:52:21 GMT -5
FemaleSam Congrats on the weight loss and the new wardrobe! I am glad you forced yourself to do it, after three sizes, I'm sure you needed to. Remember that if you donate your old clothes to charity you can get a tax write-off. I don't know your weight situation but I would certainly encourage you to get rid of the two bigger sizes, don't keep them hanging around. Good for you for being proactive about your weight and your social life!
Even though you just have one debt left, I wish you'd include either where you were the previous month, or the amount paid off that update. As always I am rooting for you!!!
Last Edit: Jan 24, 2011 15:55:59 GMT -5 by mtntigger - Back to Top
Post by dragon2008 on Jan 24, 2011 17:31:26 GMT -5
I have friends that three or so years ago said they would take one of my "collections" of stuff if I ever got around to giving it away. So, after many years of ignoring the chaos, I finally got my act together and put my longaberger baskets (on which I spent far too much for far too many years) into three bins (except for some I really use) and moved the bins into the garage (a very important step - the garage is where things go to leave). I told my friends about the bins when we met for dinner on Saturday - they didn't believe I had pulled it all together and was willing to give it away! More importantly, they had forgotten they had agreed to take them (yes, it had been a long time). But the first bin is out of the garage and on its way to a new home. One of them asked me how I could have bought so much that I never really used (yes, they are really good friends - and the only ones beside you that I tell my financial stuff to).
He never had a problem saying no to buying something, but I do. Talking to them reminded me of the really dark days. I lurked a long time on the old boards before posting, and with a job change and some spending interruptus managed to pay down most of my debt and start saving again. I sometimes get really worried that I will fall back into that pit, because I really like to spend. Then I got really weepy when I thought how I had wasted so much money on momentary stuff, not moments.
All this emotional effort on giving up a bin of baskets (and not even a truly full bin). How am I going to make it thru the rest of the stuff I need to clear out?
Post by lvbriannarn on Jan 24, 2011 18:59:21 GMT -5
I am so annoyed with myself right now. I can not find my original numbers anyway to start the table, and I had to back slide to pay some unexpected bills, like $125 for my ultrasound.(that was with insurance) and I had to prepay my delivery another 400. So I would like to restart my race, so everything looks neat and organized. It also lets me take out some of the long time zeros. I apolgize to the captains, I know its annoying. My new tag line is LVBriannaRN 1/24/2011 23,200 WPT 6
Shout-outs... Lvbriannarn – Ok, I’ve updated our records so you can get a brand new start. We don’t like to do this since you lose all the progress that you’ve made so far, but since you can’t reference the old boards and because I understand wanting everything to look nice and neat, I won’t give you too hard of a time. Nomoredebtpls – One more question for ya… Could you please tell us the state that you live in? We aren’t going to do anything with the information; it’s just for our records. FemaleSam - Congrats on the weight loss! That's fantabulous. Now, I got to know the answer to this quesion... why aren't you using the bad smileys anymore? I was going to start using them myself next year when I'm finally off the 100k list so I could be just like you and now you've stopped using them. Everyone ... Thank you so much for your continued patience. I think we've all gone through the learning curve and are ready for our day-to-day activities and to get back to our regular programming and captain rotation. If you have any questions, please feel free to post them here or send me or another captain a P.M.
I really was feeling pretty guilty about spending the money on clothes so it's nice that you and others have been supportive of me buying them. I actually hesitated to mention it thinking that I might get chastised a little for spending the money on clothes instead of debt. I have been removing my old clothes from the closet after trying them on and reminding myself that there is no way I can wear those clothes anymore. Thanks for reminding me about donating the clothes and the potential tax benefits. It's funny how scary it is to think of getting rid of my old, comfy, security blanket clothes (that don't fit).
I will probably start including a little more information in my update posts as you suggested. It is nice to be able to easily see the progress made that month. And, even though I'm sure you don't realize this, I have always really felt support from you. You have been so encouraging to me with my updates (and rental issues).
So, how are you doing? You have a lot on your plate. The rental loan situation must be incredibly frustrating. I hope the person on the phone was more motivated to help when you burst into tears. Expression of raw emotions is so important sometimes. Hang in there with the loan challenges.
Thanks. It's weird when I look in the mirror. Not only am I smaller but I'm no longer in old, dingy, unattractive clothes. My new clothes are more colorful, more stylish and coordinated. I even had some of the new pants altered so that they fit well in the waist and are the right length. I'm short so usually pants are too long and I don't even bother to have them hemmed to the right length. NO MORE.
Now, about the bad smiley faces. I loved using them. I did sometimes wonder if others found it annoying that I used them though I got lazy and stopped them for a couple of posts and then when I found out that the MSN boards were ending I didn't bother starting to use them again. I think I printed the page that had the smiley faces on them on MSN and if I can find that print out and figure out how to start using them again I will. I've been so good at cleaning my home office that I can't find anything in it ;D including the stuff I printed off of MSN. You should start using them too since it is a new year. No need to wait until you get below $100K.
My update would be boring and would only include a couple emoticons until I get off the 100k list.
What was it you said? Excuses, excuses, excuses?
I'm good with the official "unofficial" smilies but I don't know about the "easily obtainable" part. How do I put them in my post. They aren't part of the smilies that show up when you hit reply. And by the way if I could use the cute little $100K devil smiley I would be posting him all over the place. Almost makes a girl want to start another race with some of the other massive debt she has so she can post a devil.
Esteroid in Alaska (1/25/11 $13,437.54) (11/4/09 $14,663.67 W37) msg #9328
CC#1 (BOA) $4,997.51 Interest rate = 10.24% CC#2 (AKUSA) $8,440.03 Interest rate = 10.5% Car loan $ 0.00 TOTAL $13,437.54
Hi, everyone! Good to see you are still here. I hope you'll put me back on the active list, I haven't really been gone, just sometimes embarrassed at how slow my debt is going down. :-(
I am not an Excel person either, NoMoreMrDebtGuy, so I just pasted it from Word. Not very pretty but it gets the info across.
Dragon2008, I can SO relate to that attachment to "stuff." It's a very human thing to do, don't beat yourself up about it, just keep plugging away. I try awfully hard to make sure something goes out the door whenever something comes in, even if it's something from the Salvation Army but I don't always make it.
This month I vowed to not buy anything but food and gas and pay bills. Well, I have not bought any THINGS but I realized after paying more attention that I end up eating out a fair amount. Once was a belated Christmas present, for various reasons there was just no way I could have made dinner for my friend before he left town for a couple months. My boyfriend and I pretty much take turns who buys and then the third time we go Dutch. There's equity reasons for us to do it that way, and since we don't live together sometimes those evenings of movies or lectures or whatever with dinner or the occasional lunches are the time we get to spend together. It was good to examine my spending habits more closely and see that is something I need to plan for and maybe try to find better ways for us to COOK for each other instead, which we both do enjoy doing. But this month (so far!) I have NOT bought any doodads or extra thingamajigs or clothes or anything, nor have I wandered the aisles of Salvation Army or Value Village just to see what great deals I could find. Oftentimes I find cool things there at great prices, but do I really NEED them??? Prob'ly not.
I am very very very pleased to see the BOA VISA balance get below $5,000, and I am very very pleased to see the other VISA start moving down again. Though it LOOKS like I've only gone down $1,226, in reality I've paid off the car loan, which was $1,500, and I've paid off more than $2,000 on the BOA VISA. It's just that, for various reasons, the other VISA has gone UP $2,500 in this year. So, just like with the STUFF, keep plugging away at it.
New Balance Previous Balance Difference Total Paid Off % Paid $133,577.92 $134,899.22 $1,321.30 $29,172.08 17.92%
My goal this year is to pay off 30% of my loan, through snarlingly-aggressive budgeting, cage-fighting cutbacks, and an unrelenting hope for a mortgage-free future. And by not eating out so much or buying books. To keep my spirits up I will use thousands of exclamation points (because they're fun!) and hundreds of the wonderful new smilies! And I'll be depending on all of you for support, because I can get into debt without any help, but it is really hard to dig out by myself!
dragon2008, have you checked out BookMooch or Paperbackswap? These are both great online book exchanges. You do pay to ship books to people but in doing so you earn points to get books from others for a point. I know it is still spending money but you only spend $2.39 or so mailing the book when you buy a new book for anywhere from $5.95 - $20+. Just something to check out and still enjoy something (reading) you like doing.
Post by dragon2008 on Jan 27, 2011 15:33:48 GMT -5
Thanks, dsunshine - I need to check into these exchanges! I use the library a lot, and there are a tonne of books around the house I've already bought that I haven't read. I just don't want to miss out on any reading opportunities!