byedebtbye
New Member
Joined: Sept 23, 2018 13:27:31 GMT -5
Posts: 34
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Post by byedebtbye on Jun 1, 2019 15:01:44 GMT -5
UPDATE
ByeDebtBye: 6/1/19 $27,622.24 (09/28/18, $33,407.11, WIRR180)
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livinitup
Initiate Member
Joined: Sept 15, 2015 13:01:19 GMT -5
Posts: 96
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Post by livinitup on Jun 2, 2019 12:06:41 GMT -5
UPDATElivinitup 31-May-2019 $45,261.95 (15/9/2015 $66,614.90, C62)
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| 15-Sep-2015 | 1-May-2019 | 1-May 2019 |
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| Debt
| Interest Rate
| Initial Debt Amount
| Old Debt Amount
| New Debt Amount
| Paid since last update
| Paid to date
| % paid
| Loan 1 | 0% | 1,800.00 | -
| - | - | 1800.00 | 100% | Charge Account
| 0% | 645.50 | - | - | - | 645.00 | 100% | Credit Card
| 0% | 4,196.86 | -
| - | -
| 4,196.86 | 100% | Mom Loan
| 0% | 9,500.00 | - | - | -
| 9,500.00 | 100% | HOA Arrears | 0% | 6,000.00 | - | - | - | 6,000.00
| 100% | House Arrears
| 0% | 2,200.00
| 3,750.00 | - | 3,750.00 | 2,200.00 | 100% | Reno Loan | 6.75% | 25,101.16 | 33,003.49 | 32,225.09 | 778.40 | (7,123.93) | -28% | Rental Arrears | 0% | 15,500.00 | 15,500.00 | 10,000.00 | 5,500.00 | 5,500.00 | 35% | MasterCard | 19.25 | 3,471.38 | 3,471.38 | 3,036.86 | 434.52 | 434.52 | 13% | | | 66,614.90 | 55,724.87 | 45,261.95 | 10,462.92 | $20,342.36
| 35%
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I withdrew the 2019 gains ($25,000) from my retirement account and have used it to payoff some debt and to put money aside to pay for my MBA and for the CPA Exam itself. My job has verbally stated they would pay for the CPA Exam and related expenses (plane ticket, hotel, taxi etc.) however I have been unable to get that in writing so I am ensuring I can pay for it myself in case the company doesn't do it. My plan is to have the MasterCard paid off by September.
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paynointerest
Established Member
Joined: Dec 21, 2010 1:35:20 GMT -5
Posts: 440
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Post by paynointerest on Jun 2, 2019 15:31:30 GMT -5
Update! Pay-no-Interest $10,300.00 (New debt total: 08/2018 $388,835; starting debt 05/2007: 369,884)
I broke the $11K mark on the mortgage!!! I'm getting closer to that zero! I'm still working on meeting my savings goals and once I reach those, if I have any $$ left over, I'll add more to the mortgage. My goal is to have it paid off by 2020. Cheers!
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
Posts: 10,349
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Post by debthaven on Jun 2, 2019 15:56:04 GMT -5
Do you realize that you have paid off nearly 30K per year, for 12 years?! (29,965.33 per year to be exact.)
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imanangel
Well-Known Member
Joined: Jun 8, 2014 12:18:00 GMT -5
Posts: 1,042
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Post by imanangel on Jun 3, 2019 7:08:41 GMT -5
Congrats on the last HVAC payment nidena ! imanangel great progress! But I was looking at your numbers, and wondering ... are you ACTIVELY trying to pay off the car loans right now? If not, I'd restructure, make Phase 1 those 2 CCs (but not the car) and make Phase 2 those CCs (but not the second car). I'd probably leave the cars for last, since I'm GUESSING you're not ACTIVELY racing them (but I could be wrong of course).
Yes, I am paying extra towards the principal on the cars. I am paying extra on everything. It may not be the best way to do it...but I still want to pay them off as quickly as possible.
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
Posts: 10,349
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Post by debthaven on Jun 3, 2019 16:39:49 GMT -5
You should try to knock out that small Masters loan next month. I know your money will go further by starting with the highest interest loans, but your two smallest loans can probably be knocked out quite easily.
I'd get them out of the way, and then do interest first.
Also, imanangel , I know that "personal finance is personal", but you are actually making it harder on yourself by trying to attack all those loans at once. I would seriously suggest that you prioritize them, either by amount owed, or interest rates, or type of debt. But you'll probably make better progress focusing on ONE thing at a time. I know this advice is worth exactly what you paid for it LOL.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,046
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Post by Rukh O'Rorke on Jun 3, 2019 16:45:33 GMT -5
You should try to knock out that small Masters loan next month.
I really struggle with that! The interest rate is so much lower than the other loans!! I always think best to put any extra towards the higher interest rates....
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
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Post by debthaven on Jun 3, 2019 16:47:24 GMT -5
I think we crossed Rukh O'Rorke. Yes your money will go further by starting with the highest interest loans. But your two smallest loans can probably be knocked out quite easily. I'd get them out of the way, and THEN do interest first. You'll have two quick "wins", and two fewer loans.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,046
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Post by Rukh O'Rorke on Jun 3, 2019 17:01:16 GMT -5
It's all just one big lump to me I'm afraid.
The two masters loans will be paid off much earlier than the others.
Goal#1 is the highest interest one which is private and variable. Dangerous!!
Goal#2 is to get below 100k.
After that, I'll be on a roll.....hopefully!
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Maryland Monroe
Established Member
Joined: Dec 23, 2010 16:52:51 GMT -5
Posts: 459
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Post by Maryland Monroe on Jun 4, 2019 7:50:59 GMT -5
I get more and more excited watching that number go down. When the mortgage is finished, I'll be free for the first time in many years.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,046
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Post by Rukh O'Rorke on Jun 4, 2019 9:28:40 GMT -5
How often do we post updates?
I have 2 payment dates early and mid month, so will be checking balances after each.
The decreases won't be a lot, and maybe the interest on the majority will increase the total balance at the mid month payment?
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Maryland Monroe
Established Member
Joined: Dec 23, 2010 16:52:51 GMT -5
Posts: 459
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Post by Maryland Monroe on Jun 4, 2019 13:32:22 GMT -5
Rukh O'Rorke , post whenever you want. I only have one debt now and update once a month when I make the payment. I'm pretty sure the only posting frequency rule here is that you have to post every 60 days if you don't want to fall off the list.
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shanendoah
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Joined: Dec 18, 2010 19:44:48 GMT -5
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Mini-Profile Name Color: 0c3563
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Post by shanendoah on Jun 4, 2019 14:15:35 GMT -5
shanendoah: 6/4/2019, $2,282.88 (5/4/2017, $43,691.23, WIRR151, WIRR160, WIRR164)
Line of Credit | Current Balance | Previous Balance | Starting Balance | Limit | APR | Total Paid | Percentage Paid | All other Cards | $0 | | $38,908.19 | | | | | Citi Diamond 2 | $2,282.88 | $2,738 | $4,783.04 | $9,600 | 0% until 04/19 (Purchases) 0% until 01/20 (Bal Trans) | 2500.16 | 52% | Total | $2,282.88 | $2,738 | $43,691.23 |
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| $41,408.35 | 94.8% |
On track here, though there's the likelihood that I'll be opening up another 0% APR for the 1st 12 months on purchases card, because C is going back to school as soon as next month, and we'll need to cash flow tuition. I will likely start that as it's own race. (Please note, this isn't exactly by choice, and I am fully supportive of it, but it is frustrating to feel like we were back on track, and then realize that we're going to have roughly another $10,500+ in fees associated with the legal issue.)
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,582
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Post by nidena on Jun 5, 2019 9:24:23 GMT -5
Yay!! The last payment cleared the HVAC account though it hasn't yet cleared my checking account. Unfortunately, compounding interest is a nuisance so the account is showing a balance of .67. I called to see if they could zero out the balance and will know in a few days if they were able to do that.
As tempted as I am to start throwing all that I can at the CC, I'm going to stick to my plan to take the numerous June paychecks and put them into Savings.
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chapeau
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Joined: Jan 17, 2013 10:50:04 GMT -5
Posts: 1,649
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Post by chapeau on Jun 5, 2019 13:01:39 GMT -5
chapeau: UPDATE: $21,524.67 (12/31/2018 $26256.83 WIR 186)Debt | Starting Balance
| Interest Rate
| Previous | Current | Subaru | $8500 | 8.98% | $2206.10 | $1907.88 | Jeep
| $8157.05 | 3.79% | $7522.91 | $7366.74 | Pension Buyback
| $6210.21 | ? | $6210.21 | $6210.21 | Debt Management
| $15,000 | various | $7148.12 | $6039.85
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Went down 4.3% last month.
And I found out the retirement counselor I spoke to about the pension buyback got one tiny detail wrong, in that I have to make the request in writing, not by email (well, I can email the form, but I have to actually sign it). I probably won't get it done until I get back from vacation, but I have at least asked for the form to be sent to me. Hopefully I'll actually have a real number soon to put in there.
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
Posts: 10,349
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Post by debthaven on Jun 6, 2019 12:53:07 GMT -5
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,582
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Post by nidena on Jun 6, 2019 17:15:20 GMT -5
Yay!! The last payment cleared the HVAC account though it hasn't yet cleared my checking account. Unfortunately, compounding interest is a nuisance so the account is showing a balance of .67. I called to see if they could zero out the balance and will know in a few days if they were able to do that. As tempted as I am to start throwing all that I can at the CC, I'm going to stick to my plan to take the numerous June paychecks and put them into Savings. It's CLOSED!! UPDATE: nidena: 6/6/2019 $164,701.38 (8/22/2007 $223,361.20 N453,503,NE648,NPT25)
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bankergurl
Well-Known Member
Joined: Dec 30, 2010 17:05:10 GMT -5
Posts: 1,435
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Post by bankergurl on Jun 7, 2019 12:11:31 GMT -5
Update to Race #2! $662.68 paid off in the last 2 weeks!! We got through wedding weekend for my SIL and it was a good fun time. I did have a little breakdown because when we initially went bridesmaids dress shopping I was pregnant with the twins and I just kept thinking about how they should have been at the wedding in their cute little outfits. And of course the first thing my hair stylist asked me was if I had kids. I've had a rough few weeks again, but have found a few things that help me not feel so awful. I am making sure to take my meds at the same time everyday, I have started doing P90X or some other workout everyday, and also changed my eating habits. I also set a daily timer on my phone of 30 mins max for FB. These little changes have really helped improve my attitude and made me feel more positive. I don't want to feel like crap everyday so am trying to find what works for me.
Both big mortgage payments will come out on Monday so the next update should be really nice.
Savings is at $15,595, I still haven't put the rummage sale money in savings, but we have some travel expenses coming up, and both of the lawn mowers at our rental needed to be replaced. So may end up using a lot of it for other items rather than savings.
Celebrations for this update: -$662.68 paid off in the last 2 weeks!! -Race #2 went under the next $1000 mark!! -Total Debt went under the next $1000 mark!!
Race #1 - Banker Gurl Mortgage (Rental #2)
5/10/19 $143,750.00 (9/17/07 $250,514.73) Paidoff - $106,764.73
Debt | Interest | Start 9/17/07 | Last 4/12/19 | Current 5/10/19 | My Mortgage (Rental #2) | 3.62% | $250,514.73 | $144,100.00 | $143,750.00 |
Race #2 - Bad Debt Race
6/7/19 $35,948.27 (6/19/15 $63,603.84) Paidoff - $27,655.57
Debt | Interest | Start 6/19/15 | Last 5/24/19 | Current 6/7/19 | Student Loan | N/A | $93.97 | $0 | $0 | Payback Savings | 0% | $500.00 | $0 | $0 | David's Bridal | 0% | $275.30 | $0 | $0 | Scheel's Card | 25.24% | $929.90 | $0 | $0 | Total Rewards | 17.99% | $3,955.66 | $0 | $0 | LOC - US Bank | 21.90% | $4,994.05 | $0 | $0 | Ring - Iddeal | 9.99% | $9,334.87 | $0 | $0 | Appliances - Best Buy | 0% | $2,960.09 | $0 | $0 | Store Loan
| 2.00%
| $14,560.82
| $2,774.39
| $2,655.32
| Mom Loan #2 (HELOC) | 2.00% | $0 | $7,836.56 | $7,292.95 | Mom Loan #3 (Truck - Added 9/1/18)
| 2.00%
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$26,000.00
| $26,000.00
| $26,000.00
| Totals |
| $63,603.84 | $36,610.95 | $35,948.27
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*Mom Loan Savings Account has $1925.00 in it so total still owed is $31,367.95.
Race #3 - MO's Mortgage (Rental #1)/HELOC
5/24/19 $79,493.84 (6/19/15 $119,756.61) Paidoff - $40,262.77
Debt | Interest | Start 6/19/15 | Last 5/10/19 | Current 5/24/19 | HELOC | 3.5% | $30,324.70 | $0 | $0 | MO Mortgage (Rental #1) | 4.5% | $89,431.91 | $79,694.98 | $79,493.84 | Totals |
| $119,756.61 | $79,694.98 | $79,493.84 |
Race #4 - Our Mortgage
5/10/19 $239,782.89 (9/2/15 $270,000.00) Paidoff - $30,217.11
Debt | Interest | Start 9/2/15 | Last 4/12/19 | Current 5/10/19 | Our Mortgage | 4.125% | $270,000.00 | $240,200.33 | $239,782.89 |
Yearly Progress
Date | Total Debt | 6/19/15
| $584,391.18
| 1/1/16 | $557,236.94 | 6/1/16 | $536,179.52 | 1/6/17
| $524,971.47
| 6/9/17
| $516,318.28
| 1/5/18
| $504,165.70
| 6/8/18
| $495,101.02
| 12/21/18
| $509,625.02
| 1/4/19
| $508.767.86
| 1/18/19
| $507,697.95
| 2/1/19
| $506,989.70
| 2/15/19
| $505,918.19
| 3/1/19
| $504,998.86
| 3/15/19
| $503,995.75
| 3/29/19
| $503,730.27
| 4/12/19
| $502,303.76
| 4/26/19
| $501,586.82
| 5/10/19
| $499,957.80
| 5/24/19 | $499,637.68 | 6/7/19
| $498,975.00
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*Record for going under the next $1000 mark is 9 updates in a row.
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nikiz628
Well-Known Member
Joined: Jun 11, 2013 17:25:59 GMT -5
Posts: 1,447
Mini-Profile Background: {"image":"","color":"4ee2dd"}
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Post by nikiz628 on Jun 7, 2019 13:30:53 GMT -5
bankergurl, I know life has been so tough for you lately, but I am in awe of your strength. I know you don't always feel strong, but you amaze me daily. I just wanted you to know this.
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ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
Posts: 6,491
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Post by ners on Jun 7, 2019 16:13:34 GMT -5
Update Race 2
9864.78 (4/21/18 12161.07 WIRR 172)
Still on target to hit goal.
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,582
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Post by nidena on Jun 7, 2019 18:01:51 GMT -5
bankergurl, It's my understanding that the grief from losing a child or children never lessens. It just becomes kind of a dull throb, always in the background. There is no right or wrong way to grieve so please take any and all steps needed to care for yourself and your fella.
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nooccar
Junior Member
Joined: Jan 6, 2011 1:54:02 GMT -5
Posts: 165
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Post by nooccar on Jun 9, 2019 13:10:00 GMT -5
Update: nooccar (2): 6/9/2019 $45,147.99 (11/4/2010 $73,475.09 WU197)
I'm almost to the one year mark of being in my new house with the new mortgage.
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nikiz628
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Joined: Jun 11, 2013 17:25:59 GMT -5
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Post by nikiz628 on Jun 9, 2019 16:40:41 GMT -5
Things are about to be shaken up in our household... my H has decided to leave his job that he's had since he graduated high school. (14 years ago). You may remember he works for my uncle in telecommunications/security/networking. A job presented itself at our children's school corp in the IT dept and they wanted him to apply (his company now handles a lot of their contracted work). The contract is for 240 days a year, with 2 weeks vacation/2 weeks leave, retirement, medical/dental, and the ability to work from home at times. They were able to match what he is making now- so it's a lateral move financially. The job will allow him to be home more and work a set 8-3 schedule, instead of 8-whenever his day is done. This probably all reads so wonderfully, but of course there is a downside. 1. He's leaving a family business, where he is basically #2 in the company behind my uncle. 2. My uncle/his boss offered him $15,000 more a year to stay. $15,000. It stings the financial coordinator side of me to know he walked away from such a big raise. I know he has not been happy at his job for awhile and ultimately his happiness is the most important thing. Change is very hard for me. With my anxiety disorder and my panic attacks, you can imagine how this has affected me. We thoroughly discussed both sides before he made his decision, but it still feels so weird to me that the life we've had since before we were married is going to be different after this month ends. The school board still has to officially approve his hiring, once that happens he will finish out this month at his current job and start the new job 7/1.
Another change that will throw me for awhile: going to bi-weekly pay. He's paid weekly now so I've never had to stretch a check. And the way his contract works, his actual annual salary is $10,000 less than what it is. He's "picked up" extra responsibilities that pay out separately, so that $10,000 is divided up and only paid out on the 2nd check of the month. So, not only am I going to have to completely redo our budget, but I won't even know for a month or so what his 1st pay & 2nd pay will be. Cue more panic. We will make it work. We will make it work. We will make it work. But until this becomes normal to me, I am a hot hot mess.
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nikiz628
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Post by nikiz628 on Jun 11, 2019 12:07:41 GMT -5
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debthaven
Senior Associate
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Post by debthaven on Jun 11, 2019 17:38:21 GMT -5
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nidena
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Post by nidena on Jun 13, 2019 12:13:18 GMT -5
I have a savings transfer program set up where while my checking account is more than $100, my bank will transfer small amounts into a designated savings account. The idea is that we really don't notice these *pulls* until the balance dips below $100. They range from $2-$9, depending upon how much is in the checking account.
After I paid my HVAC off last week, I decided all my other paychecks would go towards groceries, dining out, gas, and savings. To avoid the *pulls*, I've taken to automatically transferring just enough from my checking account into my EF because it's true: I'm more sensitive to balance changes the closer it is to $100. I have, however, been able to transfer more than $300 into my EF since last week. Had a payday on June 7th and yesterday. Will be receiving an actual paycheck from Lands' End today. (Soft opening today at Christiana Fashion Center if anyone is looking for some new casual clothes.) I anticipate the next payday from them to be much better because it will cover more than 40 hours worked @ $11/hr; today through Sunday included.
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paynointerest
Established Member
Joined: Dec 21, 2010 1:35:20 GMT -5
Posts: 440
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Post by paynointerest on Jun 13, 2019 17:33:24 GMT -5
Congratulations Nikiz628!
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chicg
Familiar Member
Joined: Dec 27, 2010 15:55:49 GMT -5
Posts: 742
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Post by chicg on Jun 14, 2019 12:23:56 GMT -5
UPDATE Chicg [2] - 6/14/19, $9,996 (11/7/14, 4217.34 MPT266) Discover $9,996 ($700 less than last month) Woo hoo, under $10K! I've also been spending money on clothing/household items, but I've cut back on other spending so I feel okay about it. I made a list of items I need to replace and when I have a good pay period, I let myself buy a few items. I've cut back on shopping so much over the last 5-10 years (since I started here and changed my spending habits), I work from home now and when I do go into the office, I realized most of my things are SO old, from my daily-office days, definitely time for some updates. I still struggle finding the balance of incidental spending when I still have cc debt (mostly clothes), but I think as long as I'm mindful about it I'll be okay and not go down the rabbit hole that I did 15-20 years ago of buying crap just because it was on sale or I wanted a new weekend outfit. I can't believe how different (better) my habits are now. Congrats Nikiz!!! I know the change with your husband's job is scary, but you got this! You've been at this a long time and you know how to manage money now, focus on payment goals, etc. You guys are prepared, it might be tough at first and might take a little while to get used to the new salary and payment schedules, but you can do it Bankergurl - glad you're finding some things to help you not feel awful. Grief is so rough, it comes and goes at different times and for me, sometimes I can be okay talking about things and answering questions and other times the littlest thing will trigger emotions. I know people have good intentions when asking questions but sometimes it's so difficult. All you can do it what helps YOU, glad you found a few daily practices to help you feel good!
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idlechatter
Initiate Member
Joined: Sept 7, 2013 15:12:54 GMT -5
Posts: 70
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Post by idlechatter on Jun 14, 2019 15:21:27 GMT -5
Back on the 15th of the month schedule even though I last updated only two weeks ago. I signed on the dotted line for the CT job yesterday and I officially have 45 days to find a new place and move before I start the new job. Not a lot of time so I'm freaking out a little. I'm going to look at 3 places tomorrow. The nice thing with going to another apartment versus buying a house is that the initial outlay of cash is WAY less. The salary is a *little* bit less than I was hoping for and I'm going to have to make some adjustments because the rent in the new area is WAY higher than I pay now, but I'm working on the budget and it should be manageable. The biggest help has been that I no longer have a credit card payment, so that frees up a decent amount of cash each month for me. I also am getting a $10K relocation bonus as a lump sum payment (which will probably end up being more like $6K after taxes). It's pretty sweet, especially because I've had enough friends and family offer to help me move that I don't think I'll actually have to use it for moving so hopefully I can put it towards savings and/or debt. We will see though. So. Many. Changes. June Summary • No new credit card debt since paying off all of my credit cards last month! • Car loan is less than $10K! • Student loans under $33K! 2019 Goals • Under $50K by February 2019 update (met February 2019!!!) • Reach 50% paid off by February 2019 (met January 2019!) • Pay off another student loan by Feb 2019. (met February 2019!!!) • Only have student loans and car loan debt by May 2019. (met May 2019!!!) • Reduce SL#B to <$2K by Dec 31 19. • Reduce Auto loan to <$8K by Dec 31 19. idlechatter (2) 6/14/2019 $42,603.56 (12/13/2017 $71,083.09 C165) Debt | Interest Rate | Starting Debt | WIRR Start 12/13/2017 | 6/16/2019 | Difference from WIRR Start | Total Difference | CC#1a | - | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | CC#1b | 0.00% | $4,846.31 | $4,846.31 | $0.00 | -$4,846.31 | -$4,846.31 | CC#2 | 18.92% | $1,592.09 | $1,592.09 | $0.00 | -$1,592.09 | -$1,592.09 | SL#A | 6.80% | $3,024.00 | $640.37 | $0.00 | -$640.37 | -$3,024.00 | SL#B | 6.80% | $8,400.00 | $5,465.90 | $4,291.46 | -$1,174.44 | -$4,108.54 | SL#C | 6.80% | $31,822.91 | $21,424.73 | $17,354.62 | -$4,070.11 | -$14,468.29 | SL#D | 6.80% | $8,400.00 | $5,596.11 | $4,328.58 | -$1,267.53 | -$4,071.42 | SL#E | 6.80% | $11,370.48 | $8,723.05 | $6,793.22 | -$1,929.83 | -$4,577.26 | SL#6 | 6.55% | $6,581.00 | $2,926.35 | $0.00 | -$2,926.35 | -$6,581.00 | Auto | 1.90% | $19,036.80 | $15,864.00 | $9,835.68 | -$6,028.32 | -$9,201.12 | Moto | 7.99% | $4,384.14 | $4,004.18 | $0.00 | -$4,004.18 | -$4,384.14 | Total | | $99,457.73 | $71,083.09 | $42,603.56 | -$28,479.53 | -$56,854.17 |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,046
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Post by Rukh O'Rorke on Jun 15, 2019 12:00:27 GMT -5
May I join in the racing? I super hope I am ready to pay down and not accrue any more debt!! Just getting the student loan information together, I have some other debt I may include at another point, but not sure what is up with that, I'm waiting to hear on how the IRS is handling my owed taxes and my refund from 2017 (that I filed this April) I am also going to an accountant to get a second opinion on turbotax. So - that is all fluxy right now. Need to start paying on the parent plus loans in July. Rukh: 6/1/19 $118,626.28 Today Interest Rate Nov. 2018 Difference Masters $2,096.44 3.75% $2,406.16 $309.72 Masters $343.08 3.75% $393.77 $50.69 Phd $21,576.29 5.59% $22,473.99 $897.70 Phd $23,107.35 5.96% $24,047.70 $940.35 Plus $18,034.89 6.31% $17,511.78 $(523.11) Plus $12,354.84 6.84% $11,989.68 $(365.16) Plus $6,575.57 7.00% $6,351.32 $(224.25) Plus $4,865.26 7.00% $4,697.08 $(168.18) Plus $21,442.59 7.21% $21,790.09 $347.50 Phd $8,229.97 7.62% $11,469.44 $3,239.47 Total $118,626.28 $123,131.01 $4,504.73 I'm only going to be focusing, and rather lackadaisically I might add, on my private loan (8k at 7.62%) - so I'm going to update only on totals for the fed loans combined as these will all only be paid at minimum monthly payment until the private is knocked out. Then I can expand to the listing when I start to focus on knocking out those...one by one..... Since they have different due dates, one will always be up with added interest by the time the other gets a payment, so I will update twice a month as they see-saw up and down and see how that goes, maybe get into once a month when I get a better handle on it all. Loans | 6/15/2019 | 6/1/2019 Difference | Fed | $110,027.95
| $110,396.31 $368.36
| Private | $8,253.95
| $8,229.97 $(23.98)
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Total $118,281.90 $118,626.28 $344.38 UPDATE
Rukh O'Rorke 6/15/2019 $118,281.90 (6/01/2019 $118,626.28)Not much of an update! I know!!! This is going to be a long slough...that is for sure! It's important that I keep tabs on this and feel at least a little success at these initial babysteps. And - I may need to rethink how I am approaching this payoff vs saving for retirement. Some of these interest rates are on the border of better to invest vs better to payoff, but some are low enough that it may make sense to pay off slower and up retirement savings. Life is hard! lol
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