It feels like only a few weeks ago that the year began, but here we are already in March! Time is just zipping by but I have a lot going on so maybe I’m just moving at the speed of light. For you voyeurs it’s time to review my finances and see how I am doing with my debt. Before we look at the numbers I have to remind you that I added $20K to my credit cards this month and about $11K of that is completely new debt so my debt total has increased this month. […]
It’s a new month and time to review how I did with my debt reduction and alternative income building. As most of you know, I plan on firing away at one debt at a time until I have just my student loans and HELOC left to pay.
Based on the goal that I made for 2011 of saving at least $3000 in an emergency fund, I need to make and save at least $250 in extra money every month. I made the goal of making that extra money but as you know, stuff happens and that money has been redirected. Read on to find out how.
This post will serve as both a review of how I did with my reducing my debts in 2010 and the beginning of my debt for 2011. Way back on January 1, 2010 I began the year with over $90K in debt. I ended the year with a little under $83K in debt, however that does not reflect the amounts that were added and paid off during that time. I wasn’t as aggressive at paying down my debt as I should have, but I did am happy to have ended the year going in the right direction.
It’s the first of the month, so it’s time again to see how I’ve done with the debt reduction. After last month’s fiasco with the state emptying my bank accounts, I have kept exactly zero in my accounts and have returned to the ice ages of carrying cash and paying individual bills directly with the debtors or through my good friend, the money order. Hey, it’s not sexy, but it works and I don’t have to worry about having my money pulled from under me. I’ve been cashing my physical paychecks (Lord, it’s been ages since I’ve seen one of these things) at the bank that my employer issues the checks from, and I have a credit card with that bank, so it costs me nothing to cash the checks. On to the numbers! […]