Week 26 : Happy Thanksgiving

It's a bad week spending wise. I also have spent a couple of things on the credit card about $130-ish. I will write about that later! However, I was able to start stashing away a couple of bucks into the e-fund - we total $350 as of today!

Current Debts:

Its payday and it actually came in early this week - my employer usually does that around this time of the year!

Slowly but surely, we are paying off that surgery now!

Current	Current	Paid	Ending
Personal Loan	5,488.00	396.00	5,092.00
Student Loan	6,227.00	60.00	6,167.00
Credit Cards	9,376.00	65.00	9,311.00
Car Misc	135.00	135.00	-
TOTAL	21,226.00	656.00	20,570.00

Starting Debt: $ 21,226|| Paid/Interest: $656  || Ending Debt: *$20,570

Weekly Spending: 
My dog got an infection and needed to get new prescription $130 total which was added into the CC and some Christmas Shopping was done this week - however, most were spent with cash (Debit Card), so that's why I didn't pay as much on the CC this past week.

Sat - $12 Parking
Sun - $31 Gifts | $28 Drinks
Mon - $6 Breakfast | $8 Lunch | $130 Dog
Tue - $50 Dinner
Wed - No Spend Day!
Thu - $79 Groceries
Fri - $246 Shopping | $32 Drinks 

Weekly Spending : Start $200 || End $622

How was your thanksgiving? Did you shop on Black Friday?

Happy Thanksgiving

I am drinking my hot cocoa this morning to start setting up for the Family lunch this Thanksgiving!


... I am THANKFUL for...  

My Family, Jay, Friends, Immediate & Extended Family and my Dog for just making my every day's as happy that it could be

... and I am also thankful for you - whoever is reading this blog right now...

I hope you have a great Thanksgiving with your family and friends! 

To save or not to save....

I am torn. Do I start saving now while I am paying off my debt? or hold off on this until I have paid off everything?

My current savings is pretty much what I have been contributing to my current 401k and what it is gaining right now. I used to have a Roth IRA but its currently down to $500. A savings account under $500 and an emergency fund hovering around $100. I know its kind of sad. This is why I have been thinking of what I should do by the start of next year.

Take note that I probably will not start this until the new year starts, but below are the 'tentative' goals I have for the upcoming year.

• Start an Emergency fund Goal $1000
• Increase 401k contribution. Currently at 5% and bump up to 6%
• Restart contribution to IRA @ $50/per paycheck

Should I even start paying myself now or should I just focus put it all to my debt repayment? 

Week 25 : We are down to THREE

Finally - I can organize everything!

I am finally down to 3 companies I need to pay off debt. I am hoping I can pay off the Personal Loan ASAP - that will be a huge burden off my back because then I can control the payments that are going out for the other accounts and not have an automatic withdrawal per month. Plus, the payments that I make manually doesn't get posted until a week after and sometimes that can get frustrating to me.

I have made the balance transfer - which probably will not post until the next week or so (since its a holiday the whole week). It cost me about $130 for the fees but this will be at a 0% until Dec 2015.

I am now down to 3 creditors to pay. I have paid off the car insurance for the year, although, I have a payment that I need to make for my car registration $135 which is budgeted below.

Anyways, Thanksgiving is almost here and I think I will be contributing to thanksgiving dinner. No, I am not cooking lol but probably will be buying a holiday ham for the family =) That will need to get budgeted in - they are expensive!

Current Debts:
Its not a payday this week, but below are the current total debts.

Current	Previous	Current	Difference
Personal Loan	5,488.00	5,488.00	-
Student Loan	6,217.00	6,200.00	17.00
Credit Card	8,924.00	8,960.00	(36.00)
Car Misc	135.00	135.00	-
TOTAL	20,764.00	20,783.00	(19.00)

Starting Debt: $20,764  || Paid/Interest: $19 || Ending Debt: *$20,783

Weekly Spending: 
Looks like I spent too much this week, but I actually took out $200 for the payment I had for my Personal Loan to fund this trip

Sat - $66 Groceries | $6 Breakfast | $13 Dinner | $35 Drinks | $65 Hotel & Gas (my share)
Sun - $55 Lunch
Mon - No Spend Day!
Tue - $45 Target
Wed - No Spend Day!
Thu - $20 Lunch
Fri - $20 Dinner

Weekly Spending Start $200 + $200 Travel Budget = $400 || End $325

Have a good weekend xo!

Target End Date - Revised

This week I am starting think of financial goals that I would like to accomplish in 2015. The main goal is paying down the big three debts that I have and in this order

1. Pay off the Personal Loan $5,788 as of today
2. Pay off/down Credit Card @ $9,000 as of today
3. Pay down Student Loans @ 6,220 as of today

There are also 3 options that have been circling my head on how to get these bad boys paid off.
Keep in mind that I get paid bi-weekly so most of these are broken down by the pay period instead of per month.

• Debt Snowball 
• Paying the minimum on the last two debts and the max I can pay on the first debt.
• My debt budget will be hovering around $700 
• Personal Loan Payment $540 - paid off by April 2015
• Credit Card Payment $100 - paid off by Oct 2015
• Student Loan Payment $60 - paid off by Jan 2016

• Pay off within the year - 26 payments
• Debt budget approx $850
• Personal Loan Payment $250 - paid off by Nov 2015
• Credit Card Payment $350 - paid off by Nov 2015
• Student Loan Payment $250 - paid off by Nov 2015

• Pay off within 1.5 years - 39 payments
• Debt Budget approx $600
• Personal Loan Payment $150 - paid off by May 2016
• Credit Card Payment $250 - paid off by May 2016
• Student Loan Payment $200 - paid off by May 2016

This doesn't include any extra payments that I might be able to pay out next year. Either way - this will be sooner than the Target Date I have set for myself which was July 2016.



Which one do you think is the best option?