Monday, August 31, 2009
At this rate I should have all of my loans paid off in 15 years. I am actually aiming to do it in ten. Thanks for reading. I can use all the encouragement I can get!
Thursday, August 27, 2009
Wednesday, August 19, 2009
My fiance had to make up some of the wedding savings this month as I was pretty close to being broke. I will probably need to move the Sallie Mae payment to a different day of the month so I will report back on how that goes. In the meantime, here is how I did with my budget:
Wedding - 200/50
Sallie Mae - 406/406
Defaulted Student Loan - 260/260
Nice Collection Agency - 125/0 (not yet posted)
Credit Card - 100/100
Groceries - 75/60
Utilities - 0/45
Misc. - 80/100
We are still trying to figure out plans for our rehearsal dinner so I'm going to have to step up the wedding savings. I will find out the account balance and add a ticker to encourage myself.
As always, I will post a new budget very soon.
Tuesday, August 11, 2009
To add insult to injury, the insides of both driver side doors had started to give way, making it nearly impossible to open the door. Several weeks ago someone had also broken his side view mirror in a parking lot.
Yet we hoped we could make the car last a few more months, especially since we didn't use the car everyday. But as the saying goes, "you make plans and God laughs." So we hit the Internet, the newspaper and the street in search of a newer car.
I'll spare you the automotive mumbo jumbo and skip to the chase: we got a beautiful 2008 Hyundai Sonata Limited. Didn't qualify for Cash for Clunkers sadly enough. With a $500 down payment and $500 credit for our "trade in" (which was dead in the parking lot of the auto mechanic at that point) we financed the remaining $15,000 at 7.99%, a rate that's a pretty standard right now for used cars.
As much as it sucks to introduce a new monthly payment into our lives (my fiance hasn't had one in years and I've never had a car loan) I am a big fan of the new car. I've only been allowed to drive it around a parking lot until I get around to renewing my driver's license but it drives really well and I know it's a car we will have for a long time. What this means, however, that now more than ever, the onus for saving for the wedding is on me. And I'm up for the challenge. I see it as my way of contributing financially to our lives.
Wednesday, August 5, 2009
So here's my budget. I also have a rant about friends and money which I'll save for a new post tomorrow.
Starting Balance* = 1246
Wedding - 200
Sallie Mae - 406
Defaulted Student Loan - 260
Nice Collection Agency - 125
Credit Card - 100
Groceries - 75
Misc. - 80
Must must get back on the brown bagging bandwagon. Also my mea culpa of the day is I managed to charge some things on my credit card lately that I didn't pay back right away and now it's time to pay the piper. It could be worse I guess...at least my credit limit is so low. :-)
So yes I will have to find a way to make up for the wedding fund savings deficit later in the month. I think I'm going to try to sell some of my old law books online.
Aunt Sallie Mae - 407/407
Perkins Loan - 93/93
School Loan - 54/54
Sprint - 79/79
Laptop - 75/50
Groceries - 75/100
Misc. - 63/200