nasagreen
Familiar Member
Joined: Dec 28, 2010 8:08:37 GMT -5
Posts: 509
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Post by nasagreen on Jul 5, 2011 7:03:50 GMT -5
minnesotagirl7 - can you email me the sheet update from 2 weekends ago (June 27th ish)? I'm trying to do the galactic state of the union... nasagreen at hotmail dot com Thank you 
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 5, 2011 7:22:38 GMT -5
nasagreen- I'm so sorry! I'll send it to you this afternoon when I get home.
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rpprt
Junior Member
Joined: Dec 27, 2010 13:57:38 GMT -5
Posts: 199
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Post by rpprt on Jul 5, 2011 8:02:30 GMT -5
Newest Winner - Head on over to the Northeast to congratulate one of our men, Casey2525, on a great win!
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zsdebt
Initiate Member
Joined: Jan 1, 2011 13:40:39 GMT -5
Posts: 63
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Post by zsdebt on Jul 5, 2011 10:05:23 GMT -5
psychobabbler Thanks so much! I'm trying to do the same thing as well.. but sometimes it's soo tempting. Eating out is so much easier.. But definitely takes a toll on my health and wallet! I agree with debthaven that you don't need the card therefore should eventually close it. However, I did read somewhere that they said you shouldn't close the card until you pay the debt down. Since the rate increase doesn't occur till september and you plan on paying it down by august. Are you able to just keep it open until you pay it down. Then close it? debthaven Thanks so much!! Congrats on the job!! -------------------------------------------------------------- Lately I've been terrible with my spending habits. May and June were really bad months. It has definitely slowed down my debt repayment a bit. I have a wedding to attend two weekends from now - so there's another hiccup in my debt repayment. It's tough not to be hard on myself and just keep reminding myself that at least my debt isn't going up and it's slowly going down and that's all that matters.
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ldawngirl
Junior Member
Joined: Dec 22, 2010 16:25:47 GMT -5
Posts: 175
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Post by ldawngirl on Jul 5, 2011 11:15:16 GMT -5
Vent/advice needed - DF and I want to buy new bedroom furniture. My 30th birthday is on Thursday and I hate the idea of having crappy dorm room-style furniture in my 30s! lol So we've been doing some shopping. We got a great deal on a new bed (headboard/footboard only, we have a good mattress). Regular price is $800 and we got it for $389! I can easily pay that right away, but the dresser/chest/night table set that we want is going to be about $2,000.
I really don't want to have to open a store credit card, even if we do get a no payment, no interest deal. I know we could have it paid off before interest kicks in, but I just don't want another card on my credit history that I open and then close right away. (We have done this three times in the past 2-3 years). But stores nowadays don't offer layaway. I suggested to DF that we buy a piece here and there as we can, but he's worried that the set will be discontinued before we can buy all the pieces we want.
Thoughts?
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Post by financiallyfreeinbc on Jul 5, 2011 13:30:48 GMT -5
Babbler-good for your home cooking! I have done what DH has said and overcooked. We usually take it for lunch the next day but we have also frozen some things for later on. I love that you are finding it a stress release! It is sometimes hard to eat breakfast at home when there are many options out there. I know that making my own coffee etc really cuts the costs but I still treat myself occasionally. I like the idea of the ready-to-eat meals too... but if you have enough stored in the freezer of your own making, you will be good to go anyhow!! As to your credit card, what about paying it off like planned then cutting it up and letting it expire naturally? I have done that with cards... gotten one for the very low interest rate, transfered the money, paid it off then never used the card again. (I actually have no idea what this did to my credit since I am very shameful and haven't done my own credit check. For some reason, there is an error on my information on my account and I have to basically give DNA samples along with my shoe size to get it changed... I totally haven't done it yet for the reason of laziness!)
Z's-I don't think it matters how much you pay down as long as the amount keeps going downward, that is a good thing!
Idawn-We have also done the buy now/pay later/get home and set up the account immediately to have money start coming out weekly so it is paid off before the interest kicks in... I can't remember if you were looking at a house in the next year or so but if you aren't, I don't think this will affect you adversely?? (anyone out there know differently?) I would maybe ask the store how long this has been out/do they see it being discontinued? I would also do an estimate on how fast you could save the $. If it is a relatively short time, then 1 piece at a time would be fine. If it is a couple of years, that might make things look different.
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Post by debtheaven on Jul 5, 2011 15:37:58 GMT -5
Idawn
(At the risk of getting shot for suggesting this ... do you have a low-interest open CC you can put it on, with the plans of paying it off quickly? Could you buy the most expensive piece and then put a "deposit" on the rest? I can't answer about the store card because I really don't know the credit ramifications for that since it's not the same here.
Great news here!!!
Thanks for the juju because DD got her Baccaulareat, with Honors! WHAT a relief!
AND, the business school gave me three more hours today! Perfect timing, since now we know DD is indeed going to college in the fall.
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ldawngirl
Junior Member
Joined: Dec 22, 2010 16:25:47 GMT -5
Posts: 175
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Post by ldawngirl on Jul 6, 2011 12:59:29 GMT -5
Yay! Congrats DH and your DD's great success!
We haven't decided what to do about the furniture situation yet. We're not looking to buy a house for another few years, so I guess another no interest, no payment isn't the worst thing in the world.
As for putting it on a current CC, we have three open ones - two with a high-enough limit that I could put it on one of them, but they both have high interest rates. The third has a low interest rate, but also a low limit. I find doing this is safer for my spending (if I have a low interest, high balance card, I'd be tempted to do something bad). Although I don't hate the idea DH - I'd rather pay a few dollars in interest than open another cc.
We did buy the bed and that may be enough to keep me happy for another few months and then maybe we can just pay for the rest in cash. I'm now of the mindset of not rushing into any big decision. Wait and see!
i don't think I said welcome back to babbler, so welcome back!
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 7, 2011 5:18:08 GMT -5
Shoutouts!
Idawngirl- Nice update! You’re almost under $7000 and 75% paid off, that’s amazing!
Debthaven- Woo hoo for being done with night classes!
Indebtinoz- Welcome back, its great to have you! Good for you for recognizing the need to come back.
Psychobabbler- Good for you for returning! Your numbers will be down again in no time.
Zsdebt- Way to go, over $22k paid off! Can’t wait to celebrate that next zero with you!
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 7, 2011 5:26:19 GMT -5
Smiley update!!! =$100, ;D=$500,  =$1,000,  =$5,000,  = $10,000,  = $25,000,  = $75,000,  = $100,000,  =$200,000,  = Location Needed  debtheaven[4]: 2/23/11 $0 (11/25/2009 $11,500 I257) ;D alicesfreedom: 6/7/11 $11,779.62 (9/2/2009 $25,341.42 I226, IPT4) ;D bubbleepink: 6/8/11 $35,502.63 (4/17/2009 $41,648.59 N178, IPT7, IPT9) financiallyfreeinbc: 12/24/10 $0 (1/5/2010 $28,343.05 IU13) EL1504[2]: 5/26/11 $0 (3/19/2010 $6,751.42 IU62) Idawngirl: 6/28/11 $7,023 (1/4/2010 $27,993 IU10)  Indebtinoz: 6/30/11 $11,000 (6/10/2009 $20,000 I197) InDebtYogini: 6/15/11 $4,386.12 (9/19/2007 $14,490.83 N559) Psychobabbler: 7/2/11 $25,141 (4/1/2010 $22,653 IU68) Writer88: 1/4/11 $0 (12/21/2006 $27,917 IU51) ;D ZsDebt: 7/4/11 $36,893.25 (1/7/2010 $59,198.18 IU16)
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el1504
Junior Member
Joined: Dec 22, 2010 16:26:20 GMT -5
Posts: 161
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Post by el1504 on Jul 8, 2011 5:12:51 GMT -5
DH - Thats wonderful about DD congratulations
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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 Jul 10, 2011 18:26:10 GMT -5
$100K Club updated as of 7/10/11! $8,537.70 Smashed! Go Team!!! - One leapfrog, lizziect from the Midwest! - Congrats to lizziect from the Midwest for paying off over $45K and also getting under $130K! - Congrats to SlowbutSure from the West for paying off over $35K! $100K Summer Challenge - $43,996.58 paid off! $56,003.42 remaining! Almost halfway to our goal!!! notmsnmoney.proboards.com/index.cgi?action=display&board=wir&thread=2929&page=2 |
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Post by johnniecash on Jul 11, 2011 9:44:22 GMT -5
Hello everyone ... I am very excited to join this group and ready to battle my debt head on. I've got a long way to go but, instead of focusing on the negative, I want to focus on the positive. It's debt and it's something I can manage if I put my mind to it. Glad to have your support with this. I hope that I am doing this correctly. Here it goes ... facing reality now.
JohnnieCash: 7/11/2011, $68,981.49 (7/11/2011, $68,981.49, I26)
Starting Debt
Loan 1: $975.00
Loan 2: $35.00
CC 1: $6070.84
CC 2: $9523.51
CC 3: $6890.93
LOC 1: $19786.21
LOC 2: $25700.00
TOTAL: $ 68,981.49
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ldawngirl
Junior Member
Joined: Dec 22, 2010 16:25:47 GMT -5
Posts: 175
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Post by ldawngirl on Jul 11, 2011 10:23:48 GMT -5
Welcome johnniecash! You'll find this group to be very supportive!
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 11, 2011 11:00:27 GMT -5
johnniecash- Welcome to the group!! I hope you find what you're looking for here. And if you're comfortable with it, please let us know what country you're in. Race on!
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Post by financiallyfreeinbc on Jul 11, 2011 13:05:57 GMT -5
johnniecash-welcome to the group!!!! People here are amazing so don't be afraid to ask questions etc!
babbler-how are things going for you? How is the home cooking?
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Post by debtheaven on Jul 11, 2011 15:52:16 GMT -5
Welcome JonnieCash (great nic!) You have a couple of quick wins there! Can't wait to see your progress!
El
Thank you for your post about DD!
I have been really bad lately ... the 3K we were holding back has just evaporated, as I feared it would. The garden clean-up, the hammock, a 500e water bill, the last vacation rental payment, a 600e repair to one of the rentals. Ugh. And too much eating out these days, because all the kids were away and it was just the two of us, we had friends from out of town, our wedding anniversary, a bunch of lunch dates with friends I don't see often.
I have to admit that I really regret buying the last rental. For seven or eight years I have been "pushing" us and making it hard on us. Frankly I've been too "ambitious". The 200e "raise" I gave us is more than eaten up by two new life-insurance policies and rising prices. So I've been bummed about money lately.
My next "win" is just 54 months away, LOL! But I regret putting us up against the wall like this.
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indebtyogini
New Member
Joined: Dec 27, 2010 16:25:33 GMT -5
Posts: 48
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Post by indebtyogini on Jul 11, 2011 15:54:18 GMT -5
UpdateJust popping in for a quick update. 73% paid off and under $4k left to go. | Card | APR | Starting | Payment | Current | | Victorias Secret | 22.80% | $385.12 | $0.00 | $0.00 | | Express | 22.80% | $283.40 | $0.00 | $0.00 | | Wescom | 15.90% | $5,458.22 | $0.00 | $0.00 | | Citicard | 13.99% | $4,214.15 | $0.00 | $0.00 | | Nordstrom | 11.90% | $159.26 | $0.00 | $0.00 | | Capital One | 7.83% | $3,990.68 | $466.43 | $3,919.69 | | Total | | $14,490.83 | $466.43 | $3,919.69 | |
Back to studying. Summer school is killing me!!
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Post by debtheaven on Jul 11, 2011 16:04:53 GMT -5
Wow Yogini that's just fabulous! Good luck with school!
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captainredracer
Initiate Member
WIRR moderator
Joined: Jan 6, 2011 10:55:54 GMT -5
Posts: 73
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Post by captainredracer on Jul 11, 2011 16:26:49 GMT -5
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 11, 2011 17:28:17 GMT -5
Shoutouts! johnniecash- Welcome once again to the group! Whenever you post your first update, you’ll be added to the actives list and you’ll see as we track your progress with smiley faces. Happy racing!! debthaven- Its still fun to type your new screen name. Tee hee… Sorry to hear you’re so down about money lately. Try to look at the positive – you had cash to pay for all of those things. Now its time to buckle down and get your spending back in check. I know you can do it!  InDebtYogini- Holy potatoes!! Look at you go, your numbers are rocking! Under $4 – woo hoo! |
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Minnesotagirl7
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Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,829
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Post by Minnesotagirl7 on Jul 11, 2011 17:28:55 GMT -5
Smiley update!!! =$100, ;D=$500, =$1,000, =$5,000, = $10,000, = $25,000, = $75,000, = $100,000, =$200,000, = Location Needed debtheaven[4]: 2/23/11 $0 (11/25/2009 $11,500 I257) ;D alicesfreedom: 6/7/11 $11,779.62 (9/2/2009 $25,341.42 I226, IPT4) ;D bubbleepink: 6/8/11 $35,502.63 (4/17/2009 $41,648.59 N178, IPT7, IPT9) financiallyfreeinbc: 12/24/10 $0 (1/5/2010 $28,343.05 IU13) EL1504[2]: 5/26/11 $0 (3/19/2010 $6,751.42 IU62) Idawngirl: 6/28/11 $7,023 (1/4/2010 $27,993 IU10) Indebtinoz: 6/30/11 $11,000 (6/10/2009 $20,000 I197) InDebtYogini: 7/11/11 $3,919.69 (9/19/2007 $14,490.83 N559) ;D Psychobabbler: 7/2/11 $25,141 (4/1/2010 $22,653 IU68) Writer88: 1/4/11 $0 (12/21/2006 $27,917 IU51) ;D ZsDebt: 7/4/11 $36,893.25 (1/7/2010 $59,198.18 IU16) NEW MEMBERS johnniecash: (7/11/2011 $68,981.49 IPT26)
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zsdebt
Initiate Member
Joined: Jan 1, 2011 13:40:39 GMT -5
Posts: 63
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Post by zsdebt on Jul 11, 2011 18:59:07 GMT -5
Welcome johnniecash! You'll find that even just writing your debt down makes you feel better!
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zsdebt
Initiate Member
Joined: Jan 1, 2011 13:40:39 GMT -5
Posts: 63
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Post by zsdebt on Jul 11, 2011 19:00:16 GMT -5
indebtyogini Oh wow!! Only $4K left!! SOO CLOSE!!
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el1504
Junior Member
Joined: Dec 22, 2010 16:26:20 GMT -5
Posts: 161
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Post by el1504 on Jul 11, 2011 19:23:11 GMT -5
Welcolm JohnnieCash! Whats your plan for tackling the debts? The 2 loans should be pretty quick (especially loan 2). How much are you able to put into the debt each pay?
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el1504
Junior Member
Joined: Dec 22, 2010 16:26:20 GMT -5
Posts: 161
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Post by el1504 on Jul 11, 2011 19:28:43 GMT -5
Yogini - So close! We wil have another win soon.
I'm home with a cold so I'm trying desperatley to do a number of things the first being not working which is so hard now with blackberries and the internet. my poor little dog keeps looking at me like play with me look here is a really good toy we can play with together... yeah toys covered in dog slober!
DH - time to bluckle down again. is your DH getting paid regularly these days? can he help in any other way?
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Post by johnniecash on Jul 12, 2011 8:31:38 GMT -5
Wow, thank you so much to everyone for the welcome. I feel better already for joining. You are all very inspiring.
Someone asked me where I was from (sorry, after reading all the messages, I forgot who it was I am replying to). I am from Ontario, Canada.
Another person asked what my plan was for tackling debt. I suppose, the first course of action is - stop spending. lol In all seriousness, I will attempt to pay down the highest interest rates and small loans first. Interest rates are high. I wish I could get them lowered. I have two jobs to try to manage.
Any tips anyone can offer would be greatly appreciated. I see that some people have managed to pay off huge debts in such a short amount of time. I would love to do that but, I'm thinking that's a stretch.
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Post by financiallyfreeinbc on Jul 12, 2011 9:29:47 GMT -5
johnnie-"i wish i could get them lowered" Have you called your credit card company and asked? If the person first on the line says "no", ask to speak to someone above them... supervisor etc. If they say no, ask to speak to someone else. They will quite frequently tell you "no" at first but if you start moving up the ladder, they might just say "yes". It has worked for many people in the past. What about a consolidation loan if you have lots of high interest cards? Just a thought..
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ldawngirl
Junior Member
Joined: Dec 22, 2010 16:25:47 GMT -5
Posts: 175
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Post by ldawngirl on Jul 12, 2011 10:07:29 GMT -5
Johnnie - I agree with FFinBC - definitely try calling the cc companies or seeing about a consolidation loan.
The one big thing I do recommend is setting up automatic payments. When you know that you HAVE to have that money in the bank to pay the bill, you'll avoid spending it. It's a lot easier to make regular payments rather than putting money towards the debt whenever you think about it or have extra cash.
You can do an automatic payment for the minimum payments on all the loans except for the one with the highest interest, which you would put more towards. HTH
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ldawngirl
Junior Member
Joined: Dec 22, 2010 16:25:47 GMT -5
Posts: 175
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Post by ldawngirl on Jul 12, 2011 10:08:35 GMT -5
Yogini - Yay for being under $4K! How much longer do you think it'll take you to pay the the last card off?
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=$1,000, 
