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Archive for March, 2008

Extra Payment

March 25th, 2008 at 07:20 pm

So since my DH has received an increase in base pay and a larger than anticipated bonus, we get to make an extra payment of $500. This means that we will be paying $3000 on credit cards this month! :O

That is almost 1.5 times my income. Oh and I am moving the payoff date from September to August since we only need a half payment in August to finish off the credit cards. I swear I already tried to do this once, must have gotten distracted. Now a really neat trick is if we could finish everything in July! But don't count on it, lol.

We have also decided that no matter what, we are not resigning another lease at our current place. We could live in a shack and still be better off than our current place. So we will try to find a house before February. Our price range is up to $75k (because we are cheap not because we couldn't officially afford more and we want to be able to put 10% down, have closing costs and still have a couple thousand in the bank for repairs, currently shooting for 18k+.)

Obviously this won't be a perfect house from the get go but if we don't have to boil water to have hot water for a couple of months, if we don't have a broken thermostat for 3 months and if we don't have the smell of paint thinner permeating the air from the apartment next door being remodeled it will be better than where we currently are.

Paid off another card

March 17th, 2008 at 02:53 pm

$1700 payments make rather large dents in credit card debt. Big Grin

Every two months until the payoff date, I should be getting rid of a card. Course what really matters is that the debt is gone not how many cards it is on.

Its nice knowing by this fall, the cards will all be gone and we can begin the down payment fund.

I haven't added a single thing to the debt since December which is nice because every time before I would take one step back for every two steps forward. I think this means that I have finally figured out a budget that works for us. Very useful.

Hope everyone has a good Monday!

Didn't eat out this weekend...

March 12th, 2008 at 05:55 pm

because I was too dreadfully ill to do so. 5 days of only cereal does wonders for the grocery and out to eat budgets even when you do have to buy medication.

Oh, fyi Wal-tussin (Walgreen brand) tastes a lot better than Robotussin and its much cheaper.