Archive for September, 2008

Savings Goals

There is the current situation on my savings accounts:

Emergency Fund – Goal = $1000.00 / Current = $796.28

Car Maintenance Fund – Goal $500.00 / Current = $100.59

Regular Savings – Current = $35.65

I don’t keep much in my regular savings & the reason for that is because the interest rate is not very good. Plus I’m still trying to get my Emergency & Car Funds fully funded first. Then I would like to start an Emergency Pet Fund for any unexpected things that might happen to my dogs. Also I would like to start a Vacation Fund so that one day maybe I’ll actually be able to afford to go on a real vacation. It would be nice.

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Yay For Money!

Last night, while checking the mail, I was happy surprised to receive a $70.00 visa giftcard from recycling my cell phone. I was psyched!!! It only took 2 months. Instead of setting money aside from my paycheck for fuel, I’ll use part of the gift card & then the rest will go towards paying extra on my credit card debt. Soon that gets paid off, the better. Other than the gift card, nothing special came in the mail yesterday. Maybe there will be more surprises in the mail today.

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This Week’s Paycheck

$797.15 – Net pay after health, dental & vision insurance; 401k & HSA contributions.

– $30.00 – Emergency Savings

– $40.00 – Vehicle Maintenance Savings

                                                             

= $722.15 – Left for bills & misc.

– $141.14 – Utilities

– $187.28 – Student Loans

– $21.00 – Citibank Credit Card

– $105.00 – Parent Loans

– $31.00 – Investments

– $85.60 – Gym Memberships on Bank of America Credit Card

– $20.00 – Oil Change

                                             

= $131.13 Left Over

I think I might be going to a movie with my mother & sister Saturday night, so I should set $20.00 aside. Also, as always, I need more fuel in my vehicle. I’ll have to set another $40.00 aside for that. I will also need to set aside some money for dog food & treats. My dogs eat like they never get fed. I really need to put them on a diet.

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Busy-ness & Freebies

I’m sorry that I have not been as dedicated to my blog as i should be. As some of you know, I work for a financial company & thanks to all the craziness in the market, we have been extremely busy. We’ve been swamped every day this week with calls from panic-filled customers. Sometimes I hardly have time to get away from my desk, let alone get to check my email or post a blog. It’s absolute madness. I, for one, am not freaking out. I’m still very young & I know that my retirement investments are in it for the long-term. I haven’t even looked at my 401k account balance in over a month. I know it’s going to be bad & I know that it probably won’t get better any time soon. But I’m not changing a single thing; all of my investments will remain the same.

Hopefully, the economy will straighten out sooner than later. I’m hoping that once the election is over, some of the panic will subside & things will settle down. I know that whoever the next President is, is not the deciding factor of how the economy will turn out. It’s not about who goes into office, it’s more about the election being over & which party goes in, that will hopefully settle things down. I’m not much for politics & I have no intention of getting into them on here. 

So now, on to the freebies…. (Tuesday 9/16/08 mail)

  • Fiber One Granola Bar & Fiber One Cereal with coupons
  • Gain’s new scent on a card with a $1.00 off coupon

Nothing super special, but the granola bar was really good. I will be trying the cereal for breakfast tomorrow.

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Weekend Overview

Saturday I went to my family’s friend’s wedding. It was a very nice ceremony, the dresses were beautiful, & the reception was fun. The wedding cake was awesome & the dinner was good too. But all-in-all, I still don’t like the fact that I spent all my “left-over” money on a dress & shoes. I get paid this coming Friday. Until then I have $6.80 in my checking account. How pathetic??!?!?! I was able to get gas on Sunday while I was working at the convience store, but gas prices have gone back up. It was up about $0.11 from the last time I fueled up. Completely disgusting if you ask me. Even though the gas prices move upward, I was still busy with plenty of customers. It amazes me. I didn’t have one single no-spend day this weekend either.

Today I went to the gym & then went to Wal-Mart with my mom. Again I ended up spending money, but I needed a few groceries. I’m not much of a morning person & I don’t really have time to cook. So I prefer to just eat cereal for breakfast while I’m getting ready for work. I also needed a few apples for snacks through out the week. My mom suggested that I try to slowly lessen my Diet Mountain Dew intake by buying some juice instead. Therefore I bought a container of Ocean Spray Light Cran-Grape Juice. But Wal-Mart did have 6pk Pepsi products for 2/$3.00, so I ended up buying some. I know that pop (or soda as some call it) can cost quite bit if you’re drinking enough. I really should cut back. If I replaced every other can of pop with water, I could put the money towards my debt.  Another thing that would help save money is if I went to cash only. It’s so easy to lose track of the money I spend when swiping my debit card. Starting this Friday, I’ll start carrying cash instead of my card. We’ll see if that makes a difference in my spending.

Another thing to consider is the electricity bill & water bill. I’ve started slacking on making sure things that are not in use are not plugged in. I need to go back to making a conscious effort to unplug everything I can. I also need to stop taking baths. This is going to kill me because I LOVE baths. However it really is such a waste of money. Also there’s something wrong with our toilet. It keeps running long after the tank has filled. We either have to sit there & wait for it to fill & then pull the lever-thing up, or forget about it & the water runs forever! That’s another huge waste of water. Hopefully there’s a cheap & easy way to fix it.

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End of the Week

Blogging has started to become a little difficult for me. I don’t lead a very exciting life so there’s not much for me to post about. However, at times it makes me feel more accomplished when I write things down. There have been a lot of set backs this month when it comes to paying off my debt. All I’ve been doing lately is spending money. Grrr…

First, my manager’s Step-Mother passed away this week & so everyone in my office decided to pitch in a few dollars to buy a gift for her family. I donated $5.00.

Second, my parents’ friends’ daughter is getting married this weekend. I’m not much for dressing up so my mom decided it would be good for me to buy a new dress. I bought a plain black dress with white trim. It’s practical, comfortable & I can wear it to any occasion; weddings, birthdays, funerals. etc. That cost me $40.00. Then I had to buy some nylons because I never wear nylons. That cost me another $20.00.

Then I needed new dress shoes to go with my dress. Again I bought some practical & comfortable not-too-high black high heels. Since they were under $20.00, mom made me get a second pair of not-too-high black high heels, but in a different style. Both of these pairs I can wear to work, along with the dress. The second pair of shoes cost me a little over $20.00. That’s ok though because since I can wear all this stuff to work as “professional attire,” I’m going to write them off my taxes as a work expense. The outfit will also come in handy again next month for another wedding I have to attend. My mom also convinced me that I needed new earrings to go with my dress. Those I didn’t pay for though. Let me just say being a girl is tough work!! I’m not much for the whole dressing up thing & I’d rather not wear a dress. I’m more comfortable in pants.

The worst thing is not just the spending money, in order to be at the wedding I had to take the day off of from my part-time job to be there. So there’s a loss of funds from missing work. Ugh!

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Debt Consolidation Update

My parents decided to go with the 5 year plan. We all agree it’s the best option. The payment is about $600 lower then what we’re paying for all the credit cards individually. So hopefully my parents will be able to start saving some of their money, instead of it all going to bills. The consolidation rep we’re working with said that this might hurt my parents’ credit for a little while, but then it should get better. The bad thing is, my parents can still use the few credit cards that they didn’t put into the consolidation plan. I don’t want them getting swept up in more debt just as we’re starting to get things straightened out. Also, now that this will free up some funds, maybe I’ll be able to quit the part-time job at the end of October. That would be very nice. Then maybe I could have a life again! Haha!

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