TheHaitian
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Post by TheHaitian on Aug 24, 2017 16:09:19 GMT -5
Hey ladies still around... I think till we pay off some of our debt, the only we will doing are retirement savings.
Focus next year or starting next month will be debt payoff.
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seriousthistime
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Post by seriousthistime on Aug 24, 2017 19:03:58 GMT -5
Hey ladies still around... I think till we pay off some of our debt, the only we will doing are retirement savings. Focus next year or starting next month will be debt payoff. No problem. You can always remove the savings goals you don't want to focus on this year. No shame in that, and start fresh next year. |
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lund
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Post by lund on Aug 25, 2017 6:54:07 GMT -5
Azucena, Sorry to hear about your father's passing and the estate snags.
If the student loans are yours, how about paying them off using your inherited money? I think that most parents would like to see their money used to pay back loaned money which made it possible for their child to get forward in life.
Else, how about putting them in a savings vehicle (MMA? Savings account?) in your name (since I think it is better to keep large amounts of money in the parent's name in order to prevent the risk of an 18-year-old to take the money and use it for something else) with the mental tag "children's college"?
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azucena
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Post by azucena on Aug 25, 2017 11:47:33 GMT -5
Good suggestions lund. I've thought about it, but my relationship with my dad was very complicated and mostly not good. It only really got better after his cancer diagnosis because he was scared and even then it was guarded because of so many non-existent interactions. It's difficult to explain. He didn't help with my college expenses or experience at all. My first semester away, behind my back, he tried to call and get my grades from the office and was told I was an adult and had to sign off which of course he was mad when I wouldn't. I had nothing to hide but he really had no reason to do that.
Even though money is really one big bucket, I'd rather be able to say I paid for college myself (total loan wasn't big and has been locked in at 3% interest so I've just been paying the minimum) than use this inheritance for that. Too stubborn I guess. My 9 yo DD has struggled with his passing and summed it up best when she said I wish he had let me know him so again saving it for them is troubling emotionally. Maybe it's best just to "blow" it on a bigger vacation and get it over with. |
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sealy
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Post by sealy on Aug 25, 2017 21:00:35 GMT -5
sealy, how do you want me to account for your change in the smilies? I see it a few ways, and the choice is yours. You say you're back down to zero. Didn't you save the money expecting to use it during the summer? If so, you still saved it! All savings is meant to be spent, tomorrow or 50 years from now or anywhere in between. Some Savers count money going into savings, and don't count the money going out because that was why you saved in the first place! Other Savers are strictly the "if it's not in the bank it's not saved" sort of Savers. So their amount goes up with deposits and down with withdrawals. Their annual goal is their expected bank balance at the end of the year. What kind of Saver are you? And what would be your tag line? My tagline should show me at zero. I'm going to start saving money again. You are right I saved it to spend it so I'll just start over. |
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TheHaitian
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Post by TheHaitian on Aug 26, 2017 23:35:58 GMT -5
TheHaitian - 08/27/17 : $40,513.44 -----> Goal : $47,500
Not much to report... another month down I guess. Considering our plan of actions for next year and what we are going to continue saving while paying down debt! | Account | Account Goal | Account Balance | Difference | % Goal | | Savings | 12,500.00 | 12,500.00 | 0.00 | 100.00% | | C - Retirement | 18,000.00 | 14,550.66 | 3,449.34 | 80.84% | | S - Retirement | 10,250.00 | 8,626.90 | 1,623.10 | 84.16% | | HSA Account | 6,750.00 | 4,835.88 | 1,914.12 | 71.64% | | TOTAL | 47,500.00 | 40,513.44 | 6,986.56 | 85.29% |
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shanendoah
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Post by shanendoah on Aug 28, 2017 10:24:44 GMT -5
shanendoah: 8/25/2017 $760 (Goal: $960)
Just plugging along with auto-savings. It's not much, but at least it's something.
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TheHaitian
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Post by TheHaitian on Aug 28, 2017 20:06:31 GMT -5
just did some more shell moving, but I think this is going to work to my benefit. I scheduled a payment to one of the Discover cards for $700 for Monday, to add to the $300 automatic payment that will go a few days later. I moved $9000 of the remaining balance to the BofA card that's got a bunch of different offers going on right now (I know.....but hear me out) which will leave me with a little bit to carry while I then turn around and consolidate 3 smaller balances back onto the Discover for a 4.99% interest rate for 18 months with $0 fee. my "snowball" while the dust settles will be aimed at the remaining balance at the full interest rate that was carried over on the Discover until all that's left is the consolidated balance. then I go back to attack the BofA card. sorry if this is confusing, I may not be explaining very well without numbers. I'm a little buzzed. this week was audit week at work, and I got home around 130. have a couple glasses of wine in me at this point, my hell week is done. So chiver I need your blessing on this before I take the risk or you as a sounding board... not sure how I made such a rookie mistake but I did. So I got a TD card last May with 0% interest over 12 months or something similar. Most cards have the 0% introductory for purchases or balance transfers. See where I am going with that.... I did not check that this card hard it or not, I just assumed like my other cards it did. So I charged some of the hospital bills on the card and my daughter baptism reception. Every month I have it set on auto pay and never pay attention to the statements till last month when I noticed I was charged interest. That is weird I said... never got around to calling till this month when it happened again. I was told that the 0% was on balance transfer, not purchases. IDIOT!!! The 0% offer still stands but expires 05/20/18 lol!!! So full picture (I know this is the savings thread I apologize). I currently have $12,500 in savings. I have $8,000 in medical bills left that eventually will find their way on 0% credit cards (hospitals/clinics have time frame before they send you to collections even if you are making monthly payments I have found out). And $45,000 on credit cards. TD Card $12,500 at 18.99% (I thought was at 0%, stupid ME again). Offer if I use is till 05/20/18 Discover $12,600 - 0% till 10/26/17 Capital One $10,000 - 0% till 02/19/18 Wells Fargo $3,500 - 0% till 08/11/18 Citicard $6,400 - 0% till 02/22/19 I have another Citicard for daily use that we pay off every month and HSBC with $0.00 on it . Anyway here is the plan: use my $12,500 savings to: -> pay off TD card -> transfer part of Discover Balance onto it. -> pay off Discover card remaining balance Now I called discover card and there is 2 offers: - 0% over 12 months and usual 3% fee - 4.5% over 18 months and 0% fee. So once I pay off the Discover I would: - take a balance transfer up to the $16,000 limit - replenish my savings back to $12,500 - use the $3,500 to pay down some of the medical debt or transfer over. Then not have to worry about another balance transfer till January at which time I can again use my savings to pay off the capital one card to $0.00 and wait a few days/weeks for the other 0% offer to come through and extend it. Etc Etc Etc. What do you think? I have looked into personal loans and their rates are insane so that leaves me with the 0% card game. |
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chiver78
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Post by chiver78 on Aug 28, 2017 20:26:57 GMT -5
wow, that's a lot of numbers. may I take a day to digest? and I totally get your apology on doing this in a savers thread, I was apologizing up, down and sideways when I first started posting over here. I think the ladies will be okay.  |
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lund
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Post by lund on Aug 29, 2017 3:15:13 GMT -5
Azucena,
I absolutely think that you should pay off your college debt remnant using your own money in order to have done it all yourself, all the way! (You did well!)
But what to do with the inherited money is a difficult question with a lot of very personal feelings, which may give vastly different answers depending on whom is asked.
As to the money, I would think it a pity if it was used on a vacation or other "extra" that you did not fully enjoy, plus, to me, it would be a bit too much of celebrating a loss when mourning a relationship that was or that was not would be more in line with my feelings.
My suggestion would be to let the money sit in an account of its own (a MMA?) for a year or two, in order to both get a little more perspective on the situation and to let the attached feelings become a bit more calm and sorted out with less fresh raw wounds.
Personally, I would probably use the money for your children's education, letting your father's money go to giving his grandchildren an advantage in life, which I think would somehow feel even more right after him not helping you.
I hope that you will come to a peaceful answer!
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movinonup
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Post by movinonup on Aug 29, 2017 20:01:53 GMT -5
Now I called discover card and there is 2 offers: - 0% over 12 months and usual 3% fee - 4.5% over 18 months and 0% fee. So once I pay off the Discover I would: - take a balance transfer up to the $16,000 limit - replenish my savings back to $12,500 - use the $3,500 to pay down some of the medical debt or transfer over. Why would you spend $375 just too get your savings to $12,500? -movinonup |
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TheHaitian
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Post by TheHaitian on Aug 29, 2017 20:18:31 GMT -5
Now I called discover card and there is 2 offers: - 0% over 12 months and usual 3% fee - 4.5% over 18 months and 0% fee. So once I pay off the Discover I would: - take a balance transfer up to the $16,000 limit - replenish my savings back to $12,500 - use the $3,500 to pay down some of the medical debt or transfer over. Why would you spend $375 just too get your savings to $12,500? -movinonup I would spend it to get my money back I guess. Yes I can keep the balance as paid off and keep the credit card balance of zero but I have a fair of needing money and no credit card will do "only cash". |
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TheHaitian
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Post by TheHaitian on Aug 29, 2017 20:28:00 GMT -5
I am a cash hoarder and o am working on that... yes it is a thing.
Once cash goes in, I refuse to let it out. I have 8k in my HSA that could go towards the medical debt and I am fighting using it.
Only the other plan for the money was I have about 11k in Sallie Mae at 10.99% that I wanted to just pay off. But was discussing it with my wife since she rather keep paying it monthly since as a student loan if we fall on hard time we can always postpone the payment or something like that; so not use our savings to wipe it out.
She would prefer we wipe out the credit card.
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TheHaitian
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Post by TheHaitian on Aug 29, 2017 20:34:27 GMT -5
wow, that's a lot of numbers. may I take a day to digest? So what do you say? |
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chiver78
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Post by chiver78 on Aug 29, 2017 21:00:59 GMT -5
wow, that's a lot of numbers. may I take a day to digest? So what do you say? sorry, I say nothing yet. I had a wake earlier this evening, back in my hometown. I haven't quite finished recovering from the dose of HS bullshit I encountered when I went to pay my respects, and have been chatting with some other "outliers" this evening. it's not even that I GAF what they all offered up, I'm more annoyed by my own reaction to it - that I just slunk off like I did back then. I've grown up since HS, why did I just sink back in to the wallflower role I played back then? grr... anyway, I'm me again tomorrow. will take a look at the numbers tomorrow night once day shift clears out. |
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Deleted
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Post by Deleted on Aug 30, 2017 8:06:53 GMT -5
I am a cash hoarder and o am working on that... yes it is a thing. Once cash goes in, I refuse to let it out. I have 8k in my HSA that could go towards the medical debt and I am fighting using it. Only the other plan for the money was I have about 11k in Sallie Mae at 10.99% that I wanted to just pay off. But was discussing it with my wife since she rather keep paying it monthly since as a student loan if we fall on hard time we can always postpone the payment or something like that; so not use our savings to wipe it out. She would prefer we wipe out the credit card. I'm with your wife. I would quit opening new cards and get out of this crazy balance transfer shell game. The HSA money is savings FOR medical expenses. If you can cashflow them and preserve the HSA fine, but don't throw the bills on a credit card to avoid using the HSA! |
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Deleted
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Post by Deleted on Aug 30, 2017 8:33:31 GMT -5
Well, I got my property tax refund in August and thought I'd be able to throw a lot more at savings goals for September than I did, but August kicked my ass. The kids back to school expenses were more than I'd planned on and I had to cover a bunch of overspending for the month first. I need to simplify these savings goals for 2018. The overspending in some areas makes it look like oversaving and it's confusing. I'm going to reach my overall number but, not the individual line items.  | Fund | 2017 Goal
| Current | Needed | % Complete
| 2018 Roth
| $5500 | $3700 | $1800 | 67.27% | Pr. High School
| $3800 | $3000 | $800 | 78.95% | Replacement Car
| $3600 | $3600 | $0 | 100.00 | House Maint
| $2600 | $150 | $2450
| 5.77% | | College | $2400 | $1800
| $600 | 75.00% | Vacation
| $2000 | $2800 | ($800) | 140.00% | Kids Activities
| $1000 | $1675 | ($675)
| 167.50% | Car Maint
| $1000 | $2025 | ($1025)
| 202.50%
| | Christmas | $1000 | $207 | $793 | 20.70%
| | Computer | $1000 | $750
| $250 | 75.00% | | Philmont | $500 | $500 | $0 | 100.00% | | Total | $24,400 | $20,207 | $4,193 | 82.82% |
minnesotapaintlady, $20,207 8/30/17 (goal $$24,400) |
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chiver78
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Post by chiver78 on Aug 30, 2017 18:36:04 GMT -5
now I understand why everyone was asking me to lay stuff out in a table or something. I have a headache.  Carl, can you lay out all your balances and include what the interest rates will reset to once the 0% promotions are over? I think I'm kind of hung up on that first. |
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Jaguar
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Post by Jaguar on Aug 30, 2017 20:31:38 GMT -5
Getting there now, climbing up ......  | Saving Funds | Saving Goals | Current Saved | Percentage Saved | Woo Hoo Factor | | Gateway Voyage Cds | $705.00 | $705.00 | 100% |  | | Monroe Institute Cds | $280.00 | $280.00 | 100% | | | Comfort Needs | $475 | $475 | 100% | | | Moving Fund | $2,300 | $100.00 | 4.4% | waiting ..... | | Apple Something | $1,740 | $0.00 | 0.00% | waiting ..... | | Padding Fund | $1,500 | $0.00 | 0.00% | waiting ..... | | GRAND TOTAL | $7,000 | $1,560 | 22.3% | waiting ..... |
Jaguar - 30/8/2017 - $1,560 - ( NEW GOAL - $7,000 )  =  I'm focused now on getting at least $1,000 in my Moving Fund Account as a Christmas gift to myself. Then once I get there, then it gets much better for my savings. My tea that I love and my supplements are my only extras until I reach the 1st moving goal of 2,300. I'm focused on getting there. |
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TheHaitian
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Post by TheHaitian on Aug 30, 2017 23:04:20 GMT -5
sorry, I say nothing yet. I had a wake earlier this evening, back in my hometown. I haven't quite finished recovering from the dose of HS bullshit I encountered when I went to pay my respects, and have been chatting with some other "outliers" this evening. it's not even that I GAF what they all offered up, I'm more annoyed by my own reaction to it - that I just slunk off like I did back then. I've grown up since HS, why did I just sink back in to the wallflower role I played back then? grr... anyway, I'm me again tomorrow. will take a look at the numbers tomorrow night once day shift clears out. No need to feel bad about it, there is something about high school or your parents that make you revert to your old self in ways you never thought possible. Just breathe and have a glass of wine on me! |
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TheHaitian
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Post by TheHaitian on Aug 30, 2017 23:22:59 GMT -5
now I understand why everyone was asking me to lay stuff out in a table or something. I have a headache. Carl, can you lay out all your balances and include what the interest rates will reset to once the 0% promotions are over? I think I'm kind of hung up on that first. Lol it is all good, I think I figured out my next step. Just needed to put it out there and needed to have it written all out to get an idea. |
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trimatty471
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Post by trimatty471 on Aug 31, 2017 8:17:29 GMT -5
trimatty471, 08/31/2017 $15,832.47 (Goal $17,405)
CURRENT NEEDED COMPLETE
ROTH IRA 1,200 1,200 0 100% Freedom 5,000 3,727.47 1,272.53 74.55% Vacation 2,000 2,000 0 100% College 800 800 0 100% Sinking 550 550 0 100% Repairs 1,250 1,250 0 100% Holiday 1,500 1,200 300 80% Renovate 5,105 5,105 0 100% Total $17,405.00 $15,832.47 $1,572.53 90.97%
I was able to deposit a lot more this month because of doing overtime and getting reimbursed for mileage. |
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seriousthistime
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Post by seriousthistime on Aug 31, 2017 10:42:00 GMT -5
Savers, we are already at the end of the month.
Please get your balances posted by Saturday night, September 2. I will do the updates on Sunday morning, the 3rd.
Thanks!
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regecko
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Post by regecko on Aug 31, 2017 11:11:15 GMT -5
regecko, 08/31/2017, $12,279.99, Goal = $12,000.00| Saved as of 7/28/17 | Overall Saved: | Goal: | Completed:
| | Dental Appliance | $2,001.50 | $2,000.00 | 100% | | Tattoo Money | $757.25 | $750.00 | 100.96% | | Next Vacation | $3,225.10 | $2,000.00 | 161.26% | | Tiny House | $1,571.03 | $1,500.00 | 104.74% | | New Car | $1,516.74 | $1,550.00 | 97.85%
| | Small Vacations | $106.25 | $? |
| | Gutters | $1,540.63 | $1,700.00 | 90.63% | | Car Maintenance | $469.17 | $500.00 | 93.83% | | House Maintenance | $1,092.32 | $1,500.00 | 72.82% |
Another month of not too much progress. My performance review might be delayed another month, so that is another month of aimless saving (not truly aimless, of course... just not completely focused, either). I raided my small vacations fund for my trip to the beach, and still ended up with some leftover. It was so fun! I also had to raid my house maintenance fund for yard services and a pest control visit, not so fun. Hoping for a budget reset next month, but in the meantime, I'm just going to keep going.
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tobinikui
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Post by tobinikui on Aug 31, 2017 13:04:25 GMT -5
| Account Name | Goal | Saved | Remaining | % Complete | | Taxes | $7,200.00 | $5,400.00 | $1,800.00 | 75.0% | | Insurances | $4,560.00 | $3,420.00 | $1,140.00 | 75.0% | | Christmas | $2,000.00 | $1,400.00 | $600.00 | 70.0% | | Random | $1,000.00 | $300.05 | $699.95 | 30.0% | | ER Fund | $5,000.00 | $2,003.90 | $2,996.10 | 40.1% | | DD | $2,200.00 | $2,200.00 | 0 | 100.0% | | DS | $750.00 | $750.00 | 0 | 100.0% | | DSD | $500.00 | $500.00 | 0 | 100.0% | | Total | $23,210.00 | $15,973.95
| $7,236.05 | 68.8% |
Tobinikui: $15,973.95 on 8/31/2017 (Goal: $23,210.00)
Playing the shellgame. Borrowing from one account to pay a bill, then paying it back, ad nauseum. I'm not sure how far ahead I'll be able to get by the end of the year. There is so much up in the air. Life, family, kids - this is definitely a rough patch. *sigh* One day at a time. Among other things, we are navigating some new & murky medical waters with our 3yo DS that has really taken a toll on all of us.
I did run my credit reports finally (all is well), and make copies of the legal documents to pass off to family. Now, to run DH's reports. The to-do list never ends.
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snapdragon
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Post by snapdragon on Sept 1, 2017 10:48:07 GMT -5
Snapdragon 09/01/17 --- $ 8779.76 / $ 10,000 -- update
Car/House $ 1944.14 / $1500
Savings $ 3650.86 / $4000
Travel $ 3184.76 / $4500
New Totals $ 8779.76 / $10,000
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nikiz628
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Post by nikiz628 on Sept 1, 2017 14:47:10 GMT -5
UPDATE:
2017 START PRESENT GOAL STILL NEED
E.F. $2,016.87 $1,010.00 $3,000.00 $1990.00
ROTH $0 $2.88 $1,000.00 $997.12
DS 1 SAVINGS $1,300.19 $1,447.61 $1,500.00 $52.39
DS 2 SAVINGS $278.10 $400.00 $400.00 $0.00
DISNEY FUND $200.00 $1,065.70 $2,000.00 $934.30
TOTALS $3,795.16 $3,926.19 $7,900.00 $3973.81
NikiZ628 9/1/17 $3,926.19 (Goal $7,900.00 WIRS2&7)
Thanks to a truck throwing a rock and me being the car behind him.... I had to repair a cracked windshield this month. Thankfully, it was only $50. It came out of the E.F., but will be replaced in the next 2 weeks. I just did NOT want to use a CC. I am hoping that September brings more financial "luck". We have 5 paychecks, so that right there makes it awesome. Good money juju to everyone this month!!
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movinonup
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Post by movinonup on Sept 1, 2017 17:06:10 GMT -5
Thanks to a truck throwing a rock and me being the car behind him.... I had to repair a cracked windshield this month. Thankfully, it was only $50. It came out of the E.F., but will be replaced in the next 2 weeks. I just did NOT want to use a CC. I am hoping that September brings more financial "luck". We have 5 paychecks, so that right there makes it awesome. Good money juju to everyone this month!! This is exactly when you should use your EF. Nicely done. -movinonup |
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movinonup
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Post by movinonup on Sept 1, 2017 17:08:17 GMT -5
I raided my small vacations fund for my trip to the beach, and still ended up with some leftover. It was so fun! I also had to raid my house maintenance fund for yard services and a pest control visit, not so fun. You used the money for its stated purpose. Well done. -movinonup |
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movinonup
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Post by movinonup on Sept 1, 2017 17:13:34 GMT -5
Why would you spend $375 just too get your savings to $12,500? -movinonup I would spend it to get my money back I guess. Yes I can keep the balance as paid off and keep the credit card balance of zero but I have a fair of needing money and no credit card will do "only cash". I would take just enough to make you feel satisfied with your cash cushion. Remember that every dollar you take is costing you $0.03. -movinonup |
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