Women in Red Savers 2017

[debthaven]

Chiver, that BT is great news, but I wouldn't want you to lose your sense of urgency about this LOL.

I'd work on the 18% loan that will reset in Sept. Is there ANY way you could pay it off by then? I'd do my best to get that loan down as much as I could by Aug.

Seriously, I'm really happy for you, but please don't get too complacent ... you want these loans GONE.

Do you remember Keriamom? She used to post about picking up piles of poo and moving them around the garden, instead of being able to just get rid of them. You want to get rid of them, once and for all.

Much easier said than done, believe me, I know ...

[chiver78]

Jun 7, 2017 17:55:42 GMT -5 debthaven said:

Chiver, that BT is great news, but I wouldn't want you to lose your sense of urgency about this LOL.

I'd work on the 18% loan that will reset in Sept. Is there ANY way you could pay it off by then? I'd do my best to get that loan down as much as I could by Aug.

Seriously, I'm really happy for you, but please don't get too complacent ... you want these loans GONE.

Do you remember Keriamom? She used to post about picking up piles of poo and moving them around the garden, instead of being able to just get rid of them. You want to get rid of them, once and for all.

Much easier said than done, believe me, I know ...

zero loss of urgency here. what that BT is letting me do is wipe out some interest while I attack something else, all for the cost of one monthly minimum payment. that's great! I've actually got my spreadsheet open right now, working on how quickly I can pay off the 18% balance. I just know that whatever I do tonight is going to change once I see what the payment is on the BT itself. I don't remember it being more than $200/month when it had been carrying the balance I'd loaned to the roommate way back when (let's not rehash that, please..) and that was a $5k balance. so hopefully it's still in that same ballpark.




and snapdragon , I'm sorry I missed your sad news. hugs to you and yours.  

[chiver78]

actually, here's another question - that 18% option. it's my *other* BofA card. the next ugly reset is a BofA balance (the remainder of the card I threw some $ at today) in January, to 21% again. hmm.....

I cannot wait til all these balances are gone and I can be SAVING all this $$! 

[teachermom]

chiver78 I have gotten confused what is what and when it resets to what....can you put in a table the exact amounts, what the minimum is, what the interest rate is on the different balances, and reset dates all in one table. I think we can give you better advise to see them all. You can say card 1, card 2, etc. or name them, that isn't important, just seeing all in one place will help.

Teachermom

[chiver78]

sorry....the card #s in my recent posts were all tracking through those recent posts. I'll try to find the table I did a few weeks back with the options of what to move. 

[movinonup]

snapdragon my condolences to you and your family.

-movinonup

[chiver78]

here's a new one.... I just logged in to the CU website to see if the $2000 payment even showed up as pending yet, and what do I see? I apparently have two CCs now - one with my account# and a balance of -$2000 and the other with a new # and my current balance. um....? 

so I had gotten a communication a couple weeks ago that they were going to convert my card to a Cash Rewards one, I forget the actual details. still no annual fee, so whatever. but in my experience with card conversions, the card gets mailed out and none of the background stuff happens til you activate it. or, at least, they move payments made to the old # as well as charges. no, I had to ASK them to move the payment, as well as to indicate that I expected zero penalties for it appearing that I was late on a payment due to their screwy accounting. my new card isn't even made yet, and won't be mailed out til Monday. that's f'd up. 

is this a CU thing? stuff doesn't appear as even pending for at least 2 days after the transaction happens, and the online ledger includes both pending and posted numbers in the balance calcs, but pending charges don't always clear right away when the charge actually posts, so sometimes there are duplicates. I hate that. once I pay off the balance, I'm not using the card anymore. once my car loan is paid off, I'm closing the accounts. it's a CU for the company I applied to, which already wasn't the company I started working for, and will be something else yet again by the end of the year. I'm all set. 

[teachermom]

chiver78 That is crazy but with CU's especially small ones, things happen differently. Glad you caught it though so you could get it transferred, etc.

As far as the numbers go, I know they are in your posts but multiple, so a little hard to follow. You have also transferred some, paid of some, etc. So it would help to answer your questions to have them all in a table with the info so we know specifically where you are at to better answer your questions.

Good luck! You are on the road!!

Teachermom

[bankergurl]

Snapdragon - So sorry for your loss hun!   I agree the wedding week will be a much needed time out for you and hope you have a wonderful time and enjoy your friends and some sunshine!

[bankergurl]

For now it seems like we have gotten through the crazy business of getting Rental #2 squared away and fingers crossed we are just in "maintenance mode" now for the rest of the summer.  Nothing too exciting on the savings front.  Waiting for a $75 Property Management Payment that should come through soon, otherwise just regular deposits.

June 1, 2017 = $21,595.00

+$10.00 FB Sales

+$25.00 Casino Freeplay

+$50.00 MO Payday (6/9)
June 9, 2017 = $21,680.00

Accounts	1/1/17	2/1/17	3/1/17	4/1/17	5/1/17	6/1/17	6/9/17
Local Savings	$2,510	$3,455	$7,025	$8,595	$9,295	$10,490	$10,525
GC Savings	$2,025	$2,875	$2,900	$2,910	$3,425	$3,735	$3,735
Cap360 - Us	$1,620	$1,875	$2,135	$2,335	$2,540	$2,800	$2,850
Cap360 - Mom Loan	$900	$1,105	$1,265	$1,415	$1,570	$1,805	$1,805
Cap360 - Rental Deposit #1	$1,260	$1,260	$1,260	$1,260	$1,260	$1,265	$1,265
Cap360 - Rental Deposit #2	-	-	-	-	-	$1,500	$1,500
Totals	$8,315	$10,570	$14,585	$16,515	$18,090	$21,595	$21,680

52 Week Challenge
2017 Total = $508.00(We have paid weeks 1-20 and 46-52)

Banker Gurl 6/9/17 $21,680 (Start=$8,315/Saved $14,970-Spent $1605= $13,365/Goal $22,000/Remaining to Goal $7,030)

Roses Earned: 

Laughlin Trip

**Captains my totals are wrong on the Smiley Sheet.  The $21,680 is the total I have in savings, but not what I saved.  Saved is $14,970.  Thank you!**

[shanendoah]

shanendoah: 6/10/2017 $635 (Goal: $960)

Another payday, another $25. Just turtling through. Next week or the week after I'll actually determine how much will be coming out of savings to help cover car repairs.

[sealy]

This summer may eat into my savings. I am going to bring it down to $5,000 so I can pay my mortgage its already down to a little over $6,000.

[chiver78]

tagging teachermom , I can't remember who else had asked for this. I've made updates in red where applicable.  

Mar 31, 2017 23:03:30 GMT -5 chiver78 said:

Account	Rate/End date (Reset rate)	Balance
Chase	14.49%	a lot
Discover #1	11.49%	more
American Express	11.99%	not quite so much
1st National of Omaha	5.99%	a little less than AmEx
Discover #2	5.99%/Oct 2017 (13.49%)	$11,670.26
Citi #1	0%/Oct2018 (12.74%)	$6825
Elan	2.99%/Jun 2017 (14.74%v)	$7958.16
Citi #2	22.49%	$0
BofA #2	0%/Sept 2017 (18.49%)	$7870.00
BofA #1	see below	$11,374.00

I called in to all creditors in order to verify all of the promotional rates and their resets. Here’s the ugly details:

>Discover #2 is entirely on the 5.99%, resetting to 13.49% in Oct 2017.

>Elan is split on the 2.99%, ~$1250 is at 2.99% for the life of the balance. The remainder is at 2.99% until it resets to a variable 14.74% in June 2017. Once the reset occurs, anything above the minimum payment will go toward the balance at 14.74%

>Citi #2 is the ugly one I just paid off with a BT. 

>BofA #2 is entirely on 0%, resetting to 18.49% in Sept 2017.

>BofA #1 is a mess. remaining on this card are a pair of promotional offers. (a) has a balance of ~$3100 that will reset to 10.49% in July 2017. (b) is the remainder of ~$8300 that will reset to 21.49% in Dec 2017. **once the July reset happens, anything over the minimum will go toward (a) until the December reset, when it will go toward (b).

I left the original timestamp on the quote so you can go back and find the original for comparison if you need to. what I just set up in my spreadsheet, but haven't set up in my online bill pay is the following attack on BofA #2: 

**there is currently an automatic payment of $100/month that has been in place already. 
$1000 lump sum on 14Jul. 
$250 the Tuesday following a payday, starting 28July after the next low ledger value for the year. (I guess I can call this my current snowball number)

I have allowed myself $300/month to send to the new BT on Citi #1, but I don't think the payment will be that high. if not, I'll add more to the BofA attack. what I outlined above will bring me to about $3200 by the end of 2017 (not accounting for interest after Sept, I have no idea what that will work out to), and I intend to throw all consignment income and hopefully another lump sum or several at this target first. 

the reason I think this is the best choice for next low-hanging fruit is that the rate is going to be the highest once it resets, and it's going to be the easiest (smallest) balance to wipe out of those large rates. looking at the checking balance numbers through the end of the year, I can very feasibly see another $2k in payments over that time as well. 

thoughts?

[teachermom]

chiver78 That makes sense in one spot....Sorry! I lost track of the original and what was what. What is your minimums on the others? Are you paying only the minimum and snowballing everything else? I think focusing on BofA#2 is the right plan since it is the highest until Dec when BofA #1 resets.

Question on the statement: $250 the Tuesday following a payday, starting 28July after the next low ledger value for the year. (I guess I can call this my current snowball number).

Are you paid 2x a month? So you will be doing the $250 2x a month starting July 28? Giving you a snowball of $500 per month? If so, these are the payments I see happening between now and the end of the year on it.
1. $100 per month for 6 months = $600
2. $1000 lump payment on July 14.
3. $250 payment 2x per month -5 months + 1 payment of $250 in July = $2750
4. $2000 in potential misc payments if I understand the last part correctly

That is a total of $6350 (if I understood you correctly).....leaving only $1520 + interest starting in Sept. You will almost have it done!!! Good job!! Maybe by then you will have a BT that is 0% that will cover the balance and you can switch your focus to BofA #1.

Feels nice when we have a plan even if it is going to take awhile to completely finish.

Teachermom

[chiver78]

Jun 13, 2017 14:57:49 GMT -5 teachermom said:

chiver78 That makes sense in one spot....Sorry! I lost track of the original and what was what. What is your minimums on the others? Are you paying only the minimum and snowballing everything else? I think focusing on BofA#2 is the right plan since it is the highest until Dec when BofA #1 resets.

Question on the statement: $250 the Tuesday following a payday, starting 28July after the next low ledger value for the year. (I guess I can call this my current snowball number).

Are you paid 2x a month? So you will be doing the $250 2x a month starting July 28? Giving you a snowball of $500 per month? If so, these are the payments I see happening between now and the end of the year on it.
1. $100 per month for 6 months = $600
2. $1000 lump payment on July 14.
3. $250 payment 2x per month -5 months + 1 payment of $250 in July = $2750
4. $2000 in potential misc payments if I understand the last part correctly

That is a total of $6350 (if I understood you correctly).....leaving only $1520 + interest starting in Sept. You will almost have it done!!! Good job!! Maybe by then you will have a BT that is 0% that will cover the balance and you can switch your focus to BofA #1.

Feels nice when we have a plan even if it is going to take awhile to completely finish.

Teachermom

hi, thanks for the response! will try to hit all your questions. 

the minimums for the others are all between $100-$325. I don't recall exactly offhand, because I round up to the next $25 for ease of accounting. past that rounding, I'm pretty much just throwing anything extra at one single balance and working my way through the line. 

I am paid every other week, so most of the time it's twice/month. so I think your line #3 in that math is missing a month with 3 pay periods, I remember that line working out to $3000. I don't have my pay schedule in front of me at the moment.. 

and yes.....having a plan is taking such a weight off my shoulders, even though I know it's going to take a long time to execute. baby steps!

[teachermom]

chiver78 Good job! Have you laid out your chart with exact balances and the exact minimum payments, some times that really helps to see what plan of action to take and which debt to attack to give you the most breathing room and start that snow ball.

One thing I do is use Excel to project out where I am going to be each month for the year....so this is my payment each month (I try to pay the interest on top of the minimum) where am I going to be on it by the end of the year. If I pay extra or not that much I can adjust it because of the formulas in Excel and not have to recalculate. If you did this with all the debts, then you can see....this is how much each will have left in Dec or whenever a balance transfer comes in and know your options.

Great!!! $250 more....that means you should have $6600 paid off by Dec leaving $1270. Not sure where you are at with balance transfers but may be able to transfer that and some of another to 0 Interest by Dec and free up $$$ to attack another debt.

Keep at it!!

Teachermom

[Jaguar]

The Trillium mess is completely finished, I got an official letter yesterday and I walked down to the bank this afternoon and checked my account, YUP it's all finished now. This chapter is now closed.

[chiver78]

teachermom - I haven't gone that far with the spreadsheets. basically, what I have is a cash flow worksheet (well, multiple in a single book) that allows me to plan out payments. it's not quite a budget, though. 

[nidena]

At the suggestion of seriousthistime, I'm here to join the group.  I have a few savings goals that I'd like to attain:

Fund my Roth for 2017  $5500
Save enough to pay for my annual Long Term Care payment in 2018 (2017 is already in the bank and waiting until Sept to be paid)  $2800
Fund Larger EF $5000

Then some ongoing lifestyle goals of saving for the various trips that I'll take each year to visit friends and family

Some backstory about my road here: I received my VA Disability pay and paid off the credit card.  I have ~$7500 remaining.  The payment seems a little short to me so I've written to the VA to have them reassess the payment amount.  I was expecting the total to be almost $2500 more...but that's another story.

The only remaining debt that I have is my mortgage--4.5% rate $126,110 balance.

Current "savings":
Easy Access EF  $973
Roth Annuity  $5217
Traditional IRA  $9351

There are four trips to be taken this year: driving to the Midwest, fly to Florida, fly to Florida again, then fly to Nevada.  I've budgeted about $500 for the Midwest trip--gas and food mostly.  The other trips are, for lack of a better term, all-inclusive, except for paying for the flights still.

It's gonna feel weird to not have an ongoing credit card balance and working to keep it that way.  

[chiver78]

minor bump in the road. my paycheck was $400 short this morning. was hoping the reason was a screwup in the system and I'd eventually get the amount anyway, but it turned out to be what I was hoping it wouldn't - they realized their mistake from back in April and just pulled the extra shift differential back from this check. that said, a fucking heads up about it would have been nice.      anyway. sorry for the language. 

so, luckily I had my laptop at home this morning for some other stuff I wanted to do (but didn't) so I was able to adjust the paycheck number in my spreadsheet. it has not made me go negative with any of my planned paydown through year end, but my low number is under $100 and that's going to give me agita. 

tonight, I'm going to go through the spreadsheet again and see if I need to do more re-work than just 86'ing one of the extra $250 payments to the next "attack balance" to keep me from stretching myself too thin. 

[tobinikui]

Jun 7, 2017 12:13:39 GMT -5 snapdragon said:

Some new updates --

1 - My mom passed on Sunday so I am working on her estate. Luckily I was able to visit her on Saturday.   She was in a lot of pain and now she is not.

I am sorry for your loss, Snapdragon. That's never easy. I wish you peace during this difficult time.

[nikiz628]

nidena- I am so glad to "see" your face over here!!! Welcome!

[seriousthistime]

Jun 16, 2017 12:48:08 GMT -5 nidena said:

It's gonna feel weird to not have an ongoing credit card balance and working to keep it that way.  

Weird in a good way, of course!

[seriousthistime]

Jun 16, 2017 12:48:08 GMT -5 nidena said:

At the suggestion of seriousthistime , I'm here to join the group.  I have a few savings goals that I'd like to attain:

Fund my Roth for 2017  $5500
Save enough to pay for my annual Long Term Care payment in 2018 (2017 is already in the bank and waiting until Sept to be paid)  $2800
Fund Larger EF $5000

Then some ongoing lifestyle goals of saving for the various trips that I'll take each year to visit friends and family

Some backstory about my road here: I received my VA Disability pay and paid off the credit card.  I have ~$7500 remaining.  The payment seems a little short to me so I've written to the VA to have them reassess the payment amount.  I was expecting the total to be almost $2500 more...but that's another story.

The only remaining debt that I have is my mortgage--4.5% rate $126,110 balance.

Current "savings":
Easy Access EF  $973
Roth Annuity  $5217
Traditional IRA  $9351

There are four trips to be taken this year: driving to the Midwest, fly to Florida, fly to Florida again, then fly to Nevada.  I've budgeted about $500 for the Midwest trip--gas and food mostly.  The other trips are, for lack of a better term, all-inclusive, except for paying for the flights still.

It's gonna feel weird to not have an ongoing credit card balance and working to keep it that way.  

So how would you put this in table format?

	Current	Goal	% Saved	Roses
Roth 2017	$5,217	$5,500	94.9%
LTC 2018	$0	$2,800	0%
Larger EF	$0	$5,000	0%
Total	$5,217	$13,300	39.2%

nidena, $5,217, 6/16/17 (Goal $13,300)

Something like that?

[nidena]

I've not done tables before which is why my updates in the racers have always just been the tagline so I'll probably just keep to that--thank you for the format suggestion.  And I've saved nothing in the Roth for this year.  That $5217 is $5000 that I deposited awhile ago plus the interest.  I diverted all savings in 2015 to my regular mutual fund so that I'd have "liquid" when I retired in May, last year.

I'll need to add a line for a new-to-me vehicle too.  

[seriousthistime]

Jun 17, 2017 21:03:39 GMT -5 nidena said:

I've not done tables before which is why my updates in the racers have always just been the tagline so I'll probably just keep to that--thank you for the format suggestion.  And I've saved nothing in the Roth for this year.  That $5217 is $5000 that I deposited awhile ago plus the interest.  I diverted all savings in 2015 to my regular mutual fund so that I'd have "liquid" when I retired in May, last year.

I'll need to add a line for a new-to-me vehicle too.  

 You can add lines or columns to the table by quoting the post with your table, and putting the cursor on the line or column next to where you want to add to it.  A box will pop up and you can adjust from there -- if you want to.  To remove the quote stuff, select the BBCode tab just below the white box, delete the first and last lines that end in the word "quote" in brackets, and then switch back to Visual. 

Tag lines alone work fine too. 

Glad to have you here, nidena!

[TheHaitian]

TheHaitian - 06/18/17 : $32,468.07  -----> Goal : $45,000

Hi Ladies,

Sorry for going MIA but needed to take a time out from the board! I may choose not to update every month or so but you will get an update from me at the end of the year if I have met my goals or not. The past couple of months I decided to let finances go on auto-pilot and not stress so much over it. It worked well for our savings but I think it was a disaster for our debt repayment plan which I will be tackling on another thread.

In an effort to just survive baby first year I or we as a family have made some not wise decisions, questionable at best but it worked for us : ex : grocery shopping/delivery service when I work in one, having someone come and mow the lawn every 2 weeks for $40. But no bills went past due, no utilities were shut off... just did not apply any sense of urgency or give any extra attention to the details when it came to our finances. Ex: we knew my daughter baptism was coming 06/10 and made no extra effort towards it (I did not) did not really look at the budget/spending closely, avoid fights and 5k ended up on the credit card. Between gifts and others we got $1,700 from our guest and $1,000 from my mom that went towards paying for it ; overall was not too bad but could have done better.

A few things about the table below :
-> I combined savings with car fund. 1 less column to keep track off, all about simplifying my life at this point. Also just rounded it up to $12,500
-> I increased my wife retirement goal to $10,250 because her school did not stop taking contributions out which we thought they would have. So if all goes well, she should exceed that.
-> Still did not touch our savings account to put towards credit card (not sure I will) or HSA account. Still on going debates in my head.

So from $42,500 to $47,500.... I think with employer contributions we should be able to hit $50,000 in savings this year. At least e are going for it. Yep, savings managed well on auto-pilot... not so much our debt!

Account	Account Goal	Account Balance	Difference	% Goal
Savings	12,500.00	10,700.00	1,800.00	85.60%
C - Retirement	18,000.00	11,300.66	6,699.34	62.78%
S - Retirement	10,250.00	6,718.33	3,531.67	65.54%
HSA Account	6,750.00	3,749.08	3,000.92	55.54%
TOTAL	47,500.00	32,468.07	15,031.93	68.35%

[tobinikui]

Account Name	Goal	Saved	Remaining	% Complete
Taxes	$7,200.00	$1,300.00	$5,900.00	18.1%
Insurances	$4,560.00	$2,280.00	$2,280.00	50.0%
Christmas	$2,000.00	$800.00	$1,200.00	40.0%
Random	$1,000.00	$0	$1,000.00	0%
ER Fund	$5,000.00	$1,903.56	$3,096.44	38.1%
DD	$2,200.00	$2,200.00	0	100.0%
DS	$750.00	$750.00	0	100.0%
DSD	$500.00	$0	$500.00	0%
Total	$23,210.00	$9,233.56	$13,976.44	39.8%

Tobinikui: $9,233.56 on 6/19/2017 (Goal: $23,210.00)

So, 2017 continues to happen & our savings continue to suffer. I took money out of several sub-funds (emergency fund, taxes, etc.), with the understanding that I will pay it back with the next paycheck. But, I hate the shell game. Our legal issue continues to drag on, I am just hoping that we won't have to pay out that much more.

The numbers above reflect what I actually have on hand right now. The first order of business with the next paycheck will be to pay back the tax fund. At this point, I have killed the idea of pre-paying our minivan loan - until this whole mess is settled. So. Frustrating. Anyway, at least my numbers are here for the next smiley updates. Although I am still hoping to have one more update (where I put back some money) by July 1st. 

I need to resign myself to treading water for the foreseeable future. It's not the end of the world, for sure, just not the amazing progress that I had hoped for this year. We'll get there. 

Just keep swimming... 

[bankergurl]

Finally paid for the deck for Rental #2, had to take $3600 out of savings to cover the costs.  We were estimating between $3K-$4K so that was expected.  I'm glad we were able to "chip away" almost another $1000 into savings while we were waiting for the deck bill, so the reduction isn't too noticeable.

This is my 6/23/17 update, but we have a very busy next few days with a softball tourney, my BD and my Godson's BD so just posting now while I have a few mins.

I didn't realize I missed last weeks update!  So this is for 2 weeks!

June 9, 2017 = $21,680.00

+$20.00 FB Sales

+$10.00 Mortgage Savings

+$75.00 April/May Prop Manager Pay
+$50.00 My Payday to Our Savings (6/16)
+$75.00 My Payday to Mom Loan Savings (6/16)

+$50.00 FB Sales

+$50.00 MO Payday to Our Savings (6/23)

-$3600.00 New Deck for Rental #2
June 23, 2017 = $18,410.00

Accounts	1/1/17	2/1/17	3/1/17	4/1/17	5/1/17	6/1/17	6/23/17
Local Savings	$2,510	$3,455	$7,025	$8,595	$9,295	$10,490	$7,095
GC Savings	$2,025	$2,875	$2,900	$2,910	$3,425	$3,735	$3,720
Cap360 - Us	$1,620	$1,875	$2,135	$2,335	$2,540	$2,800	$2,950
Cap360 - Mom Loan	$900	$1,105	$1,265	$1,415	$1,570	$1,805	$1,880
Cap360 - Rental Deposit #1	$1,260	$1,260	$1,260	$1,260	$1,260	$1,265	$1,265
Cap360 - Rental Deposit #2	-	-	-	-	-	$1,500	$1,500
Totals	$8,315	$10,570	$14,585	$16,515	$18,090	$21,595	$18,410

52 Week Challenge
2017 Total = $508.00(We have paid weeks 1-20 and 46-52)

Banker Gurl 6/23/17 $18,410 (Start=$8,315/Saved $15,300-Spent $5205 = $10,095/Goal $22,000/Remaining to Goal $6,700)

Roses Earned: 

Laughlin Trip

New Deck for Rental #2

[tobinikui]

Input needed, ladies & gents!

I do 100% of the finances for our family, in every way, shape, and form. One of my biggest fears is dying, without my husband being confident on how to manage everything, and being able to carry on a pretty similar standard of living in my absence. He has a self-described "math phobia" and while he is capable, it requires much more mental energy for him, than it does for me.

To that end - we have started having monthly family finance meetings after the kids go to bed.

Additionally, I am putting together a notebook with all the account information, billing periods, due dates and account access information for life as we know it, now. I will include a section on our life insurance policies & contact information too. We have health care proxies, living wills, pop-up power of attorney documentation, and have everything we need to finalize our wills (just need to find time to do this)!

What else should I include? If you (have) had to go through a loved one's estate, what do you wish you would have known, or had easier access to? I think I have a pretty good idea of what to include, but I want to make sure I'm not missing anything important. Anything else I could do to bolster DG's confidence, that you can think of?

Thoughts? (Thank you!)