seahorse
Established Member
Joined: Jun 29, 2011 14:06:52 GMT -5
Posts: 384
|
Post by seahorse on May 3, 2014 15:33:35 GMT -5
sealy: I personally would let my mortgage increase to keep my savings intact. I would take the $105 from savings to pay the penalty on the alarm and then focus your efforts back on rebuilding your savings. I hate taking from my savings account also..or I take too much and pay things off too fast and have no savings.
|
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on May 3, 2014 17:56:42 GMT -5
sealy: I personally would let my mortgage increase to keep my savings intact. I would take the $105 from savings to pay the penalty on the alarm and then focus your efforts back on rebuilding your savings. I hate taking from my savings account also..or I take too much and pay things off too fast and have no savings. Yes that's what's happening to me. I paid off my CC but now I feel like a hamster running on a circular wheel. I will pay off the fee and save as much as I can. I still have two primary bills CC #1 and car payment. I will begin to post my CC #1 again because it's almost back to the balance I had in the beginning. Thank you sooo much for your support and encouragement. I plan to call my mortgage company and pay more on my escrow(?) account that way I'll have a bigger cushion. |
|
nooccar
Junior Member
Joined: Jan 6, 2011 1:54:02 GMT -5
Posts: 165
|
Post by nooccar on May 4, 2014 11:33:40 GMT -5
Sealy, I can relate to the annoyance of having the escrow account for my mortgage going up & down, mainly up. I also tried to just pay a lump sum to make up the difference but that wasn't allowed. The last time I refinanced with my credit union, I requested no escrow account--that I would be responsible for paying my property taxes & house insurance. They allowed that but I don't know that all financial institutions will permit it. It might depend on the institution &/or the individual's financial standing and relationship with it. The escrow account protects their investment in your house. I make very sure that I set enough aside to pay those bills as soon as they come due as I don't want to have to go back to an escrow account.
|
|
nooccar
Junior Member
Joined: Jan 6, 2011 1:54:02 GMT -5
Posts: 165
|
Post by nooccar on May 4, 2014 11:36:56 GMT -5
Update:
nooccar (2): 5/4/2014 $47,844.95 (11/4/2010 $73,475.09 WU197)
|
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on May 4, 2014 18:35:57 GMT -5
nooccar I will contact them and ask. thank you sooo much.
I prefer to have an escrow account I just realized it needs
attention just like my principal.
|
|
Rocky Mtn Saver
Junior Associate
Joined: Dec 23, 2010 9:40:57 GMT -5
Posts: 7,461 
|
Post by Rocky Mtn Saver on May 5, 2014 8:10:15 GMT -5
sealy: I personally would let my mortgage increase to keep my savings intact. I would take the $105 from savings to pay the penalty on the alarm and then focus your efforts back on rebuilding your savings. I agree about the $105 alarm fee. There's no reason to let that go to collections if it's only $105. Pay it and move on. As for the mortgage, how much is it going up? How will that increase fit in your budget? I don't think your savings amount can take the hit, but you will obviously need to adjust the family budget to compensate. Look at where you can trim from other categories. |
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on May 5, 2014 20:03:21 GMT -5
I agree about the $105 alarm fee. There's no reason to let that go to collections if it's only $105. Pay it and move on. As for the mortgage, how much is it going up? How will that increase fit in your budget? I don't think your savings amount can take the hit, but you will obviously need to adjust the family budget to compensate. Look at where you can trim from other categories. It will go up about $94. I paid the fee so I don't have to worry about that anymore. I am going to move on. I will let my mortgage increase and then work on putting more money into escrow. Thank you both very much. That really does help. I need to make one more payment on my car and it won't be due until September 13th. I won't have to worry about a car payment in the summer. |
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on May 5, 2014 20:45:46 GMT -5
UPDATE
Sealy Race #1
sealy: 05/05/14 $15,931.23 (2/1/13 $30,372.61 W68) difference $14,441.38
Sealy Race #2
sealy (2): 05/05/14 $310,559.86 (12/04/12 $321,652) difference $11,092.14
|
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,992
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on May 15, 2014 9:43:14 GMT -5
UPDATE: snapdragon 5/15/14 $18,602.49 (8/6/12 $28,849.00 WU 79,80)
I'm over the 10K hill!!!  next up I'm shooting for $16K mark.
|
|
startsmart
Senior Member
Joined: Dec 20, 2010 12:45:52 GMT -5
Posts: 4,525
|
Post by startsmart on May 22, 2014 16:25:08 GMT -5
Moving slower than I'd like since I had some extra expenses these last few months but the regular payment posted so here goes:
startsmart: 5/22/2014 $633.72 (3/19/2008 $14,157.31 W155,695)
Still should be able to pay it off this year and I hate dragging it out but that's where I am.
|
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on May 23, 2014 0:25:10 GMT -5
YAY startsmart!!!! Only $633.72 left on your race!!!! I'm sooo happy for you.  |
|
megaptera
Established Member
Joined: Jul 30, 2012 16:50:18 GMT -5
Posts: 338
|
Post by megaptera on May 23, 2014 12:27:37 GMT -5
UPDATE TIME!!
megaptera (1): 5/23/14 $292,482.00 (7/30/12 $309,224.00)
megaptera (2): 5/23/14 $1,750.00 (1/14/14 $3,340.00)
Happy weekend!  |
|
bankergurl
Well-Known Member
Joined: Dec 30, 2010 17:05:10 GMT -5
Posts: 1,435
|
Post by bankergurl on May 29, 2014 15:17:42 GMT -5
$50K - $100K List Updated! $23,550.33 paid off in the last month! You are all amazing!
Please let me know if I missed anyone!
- 5 Members removed for no updates for over 60 days.
- Welcome to rr234 from the MW!
- One Leapfrog, Red Racer Ris from the S!
Congrats to ners from the MW for paying off over $10K!
Congrats to Banker Gurl from MW for getting under $90K and for paying off over $80K!
Congrats to Wudnit from the NE for paying off over $115K and over 65%!
Congrats to dschmidt1007 from the NE for getting under $90K, and paying off over $20K and over 20%!
Congrats to Red Racer Ris fom the S for getting under $95K and paying off over $50K!
Congrats to Muffy in Red from the S for paying off over $50K!
Congrats to CrazyLady from the MW for paying off over 40%!
www.notmsnmoney.proboards.com/thread/11190/wirr-50-100k-club?page=5&scrollTo=1904211 |
|
bankergurl
Well-Known Member
Joined: Dec 30, 2010 17:05:10 GMT -5
Posts: 1,435
|
Post by bankergurl on May 29, 2014 15:51:45 GMT -5
$100K Club updated as of 5/29/14! $17,376.65 paid off in the last month! WOWOWOWOW! - Two member lost due to no update in over 60 days. Congrats to movinonup from the NE for getting under $300K and paying off over $10K! Congrats to DizzyIntellectual from the MW for paying off over $25K, over 15% and getting under $130K! Congrats to nidena from the NE for paying off over $60K! www.notmsnmoney.proboards.com/thread/11187/100k-club?page=5&scrollTo=1904347 |
|
laramik
Junior Member
Joined: Jan 1, 2011 17:29:06 GMT -5
Posts: 111
|
Post by laramik on Jun 9, 2014 19:34:49 GMT -5
Update
| Name of Debt | Current Date | Current Debt $ | Starting Date | Starting Debt | Total Paid | % Paid off | | HELoC | 6/9/2014 | $7,726.25 | 6/1/2007 | $36,163.66 | $28,437.41 | 78.64% | | Rainier Pacific Visa | | $0.00 | | $9,038.05 | $9,038.05 | 100.00% | | Disney Visa | | $0.00 | | $4,694.99 | $4,694.99 | 100.00% | | Signature Visa | | $0.00 | | $4,097.77 | $4,097.77 | 100.00% | | Nordstrom | | $0.00 | | $1,057.14 | $1,057.14 | 100.00% | | Total | | $7,726.25 | | $55,051.61 | $47,325.36 | 85.97% | |
LaramiK: 6/9/2014 $7,726.25 (6/23/2007 $55,051.61 N220)     |
|
Rocky Mtn Saver
Junior Associate
Joined: Dec 23, 2010 9:40:57 GMT -5
Posts: 7,461
|
Post by Rocky Mtn Saver on Jun 10, 2014 8:28:09 GMT -5
Wow, LarimiK, look at you! You've dropped from $55k down all the way to only $7k!  |
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,992
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on Jun 16, 2014 9:35:00 GMT -5
UPDATE: snapdragon 6/16/14 $18,097.78 (8/6/12 $28,849.00 WU 79,80)
Everyone keep plugging away!
I know how hard it can be to pay off debt when this time of year is vacation central and family crazyness due to schools being out.
|
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,992
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on Jun 23, 2014 11:07:09 GMT -5
Smartstart - keep turtling along. Mega - you have paid over $1500 on your second race! Are you going to try and finish it this year? Laramilk - You have just over $7700 left. You are doing great.  Shane - I hope things are going well on the home front and a job offer is coming!  Sealy - Hopefully the mortgage fiasco has been sorted out and you have a more stable budget. Surprises - expensive surprises - really suck.  nooccar - You have paid over $25K!  Ambellamy - I hope to see some good numbers soon! Rocky - thanks for the money insight. Co-captains - thank you for all the work you do! If I left someone out sorry! |
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on Jun 23, 2014 14:19:26 GMT -5
I won't update Race #1 until next month or so.
Race #2
sealy (2): 06/23/14 $310,001.11 (12/04/12 $321,652) difference $11,650.89
My goals for the next 6 months:
1. Be at least one month ahead on my house payment.
2. Have my car paid off.
3. Have CC #1 out of the double digits.
4. Have at least $1000 in my EF.
5. Lose weight by being healthier.
6. Relax and enjoy being me.
|
|
Deleted
Joined: Nov 21, 2024 22:19:51 GMT -5
Posts: 0
|
Post by Deleted on Jun 27, 2014 1:48:24 GMT -5
I am new here - in WA. I hope I am posting this correctly. Any help would be appreciated. amiteraus: 6/26/14 $35,191.85 (6/26/14, $35,191.85, W80)| Debt | Interest Rate | 06/26/14 | 06/26/14 | PTD | % PTD | | Medical Bill #1 | 12.00% | $1,113.29 | $1,113.29 | $0.00 | 0.00% | | Medical Bill #2 | 0.00% | $1,192.66 | $1,192.66 | $0.00 | 0.00% | | Medical Bill #3 | 0.00% | $578.71 | $578.71 | $0.00 | 0.00% | | Auto Loan | 6.90% | $3,881.71 | $3,881.71 | $0.00 | 0.00% | | Student Loan | 3.88% | $7,881.60 | $7,881.60 | $0.00 | 0.00% | | CC #1 | 13.24% | $6,859.96 | $6,859.96 | $0.00 | 0.00% | | CC #2 | 16.99% | $11,756.67 | $11,756.67 | $0.00 | 0.00% | | CC #3 | 0% until Jan 2014 | $1,927.25 | $1,927.25 | $0.00 | 0.00% | | Total | -- | $35,191.85 | $35,191.85 | $0.00 | 0.00% |
|
|
megaptera
Established Member
Joined: Jul 30, 2012 16:50:18 GMT -5
Posts: 338
|
Post by megaptera on Jun 27, 2014 8:42:41 GMT -5
Snapdragon - Thanks for the shoutout! I do plan on having that pesky student loan paid off by the end of the year. Unfortunately, our primary vehicle just died, so I may be adding another debt race soon. 
Welcome to amiteraus! |
|
Rocky Mtn Saver
Junior Associate
Joined: Dec 23, 2010 9:40:57 GMT -5
Posts: 7,461
|
Post by Rocky Mtn Saver on Jul 1, 2014 11:26:46 GMT -5
Welcome, @amiteraus! What kind of plan do you already have for your pesky debt? We could probably offer tips better if we start with what you've got to start with.  |
|
nooccar
Junior Member
Joined: Jan 6, 2011 1:54:02 GMT -5
Posts: 165
|
Post by nooccar on Jul 3, 2014 23:27:20 GMT -5
Update:
nooccar (2): 7/4/2014 $47,302.34 (11/4/2010 $73,475.09 WU197)
|
|
sealy
Familiar Member
Joined: Dec 22, 2010 2:49:52 GMT -5
Posts: 956
|
Post by sealy on Jul 13, 2014 5:44:23 GMT -5
sealy (2): 07/13/14 $308,879.07 (12/04/12 $321,652) difference $12,772.03
|
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,992
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on Jul 15, 2014 9:44:53 GMT -5
UPDATE: snapdragon 7/15/14 $17686.81 (8/6/12 $28,849.00 WU 79,80)
I'm back from having time off! Now to work on clearing up my work backlog/overload.
|
|
Deleted
Joined: Nov 21, 2024 22:19:51 GMT -5
Posts: 0
|
Post by Deleted on Jul 22, 2014 16:15:26 GMT -5
Rocky Mtn Saver I plan to use the snowball method with the smallest debts first - the medical bills. But first I need to get my emergency fund up to $1,000, which I am $200 away from achieving. I currently have a full time steady job and just started a second part-time evening job, which should help speed up the process of paying down these debts. On that note, I have an update. My parents surprised me by a couple of weeks ago by offering to pay off my student loans. It is a very bittersweet situation. My parents wanted to help pay for my college education 10 years ago, but couldn't make it happen (financially). My grandma passed away earlier this year and left a small inheritance to my mom. My parents decided to use some of that inheritance to pay off my student loans. I am extremely grateful for their help. amiteraus: 7/22/14 $26,807.80 (6/26/14, $35,191.85, W80)| Debt | Interest Rate | 07/22/14 | 06/26/14 | PTD | % PTD | Final Payment Date | | Medical Bill #1 | 12.00% | $1,049.42 | $1,113.29 | $63.87 | 5.74% | -- | | Medical Bill #2 | 0.00% | $942.66 | $1,192.66 | $250.00 | 20.96% | -- | | Medical Bill #3 | 0.00% | $478.71 | $578.71 | $100.00 | 17.28% | -- | | Auto Loan | 6.90% | $3,788.73 | $3,881.71 | $92.98 | 2.40% | -- | | Student Loan | 3.88% | $0.00 | $7,881.60 | $7,881.60 | 100.00% | 7/22/2014 | | CC #1 | 13.24% | $6,788.17 | $6,859.96 | $71.79 | 1.05% | -- | | CC #2 | 16.99% | $11,867.86 | $11,756.67 | -$111.19 | -0.95% | -- | | CC #3 | 0% until Jan 2014 | $1,892.25 | $1,927.25 | $35.00 | 1.82% | -- | | Total | -- | $26,807.80 | $35,191.85 | $8,384.05 | 23.82% | -- |
|
|
snapdragon
Senior Member
Joined: Dec 20, 2010 14:56:55 GMT -5
Posts: 2,992
Mini-Profile Background: {"image":"","color":"e1f6f8"}
Mini-Profile Name Color: cd78d4
|
Post by snapdragon on Jul 23, 2014 11:03:05 GMT -5
amiteraus - that was a very thoughtful and wonderful gift that your family was able to help you with your student loan. 
|
|
megaptera
Established Member
Joined: Jul 30, 2012 16:50:18 GMT -5
Posts: 338
|
Post by megaptera on Jul 31, 2014 11:33:12 GMT -5
UPDATE
megaptera (1): 7/31/14 $291,330.00 (7/30/12 $309,224.00)
megaptera (2): 7/31/14 $1,010.00 (1/14/14 $3,340.00)
I will add my recently obtained vehicle loan soon. Right now, I'm still too bummed about it. Because, more debt. (We had been saving up for a new (to us) vehicle, so that helped a little, but our old one died a little too unexpectedly. UGH!)
On a more positive note, that student loan will be paid off in the new few months! Woot! |
|
Minnesotagirl7
Well-Known Member
Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,826
|
Post by Minnesotagirl7 on Aug 1, 2014 9:21:09 GMT -5
Consolidation of the WIRR Boards
Just wanted to let people know that we’re planning to consolidate the WIRR regions into a single group/thread. This will help facilitate more discussion & accountability, and the updates. I’m not sure when this will happen, but it should be sometime in the near future. More to come!
In the meantime, I need the captain(s) from each region to contact me, and to send me their current spreadsheet so we can start consolidating them into one. minnesotagirl7_wirr@hotmail.com
|
|
Rocky Mtn Saver
Junior Associate
Joined: Dec 23, 2010 9:40:57 GMT -5
Posts: 7,461
|
Post by Rocky Mtn Saver on Aug 4, 2014 9:13:13 GMT -5
That's great that your parents were able to help like that, @amiteraus! If I were you, I'd take the amount that you were paying to that student loan each month and put it toward one of your CC's rather than most of the medical bills. The 0% medical bills are free money, so I wouldn't be in a hurry to get rid of those, but you could also focus on the 12% one to get rid of it. Great job so far!! |
|
