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Archive for January, 2013

End of January

January 31st, 2013 at 07:04 pm

Well, here is to the first month of 2013 down! Overall summary of the month. Decent. I spent less on food, due to not eating out. But, I did have extra spending in the household/personal care area due to having to replenish stock. Nope... I did not buy and shampoo/conditioner or body wash. Smile I had to buy the the necessities like toilet paper, laundry detergent, etc. All paid with checking account money, not on the credit card. No new items were charged on my credit card this month so I was able to pay down my credit card some. YAY!

Here are the end of month stats.

Savings #1 - $310
Savings #2 - $328
Money Market - $4,175 (+$50)
Rollover IRA - $1,098
Roth IRA - $8,148

Line of Credit Balance - $5,000 (7.75% interest) - maxed (did a mid-month borrow of $950 to help pay the credit card)
Credit Card - $6,502 (13.24% interest) - (paid $1,269 ***$950 from line of credit)
Student Loan - $7,992 (3.625% interest) *Original Bal $17,500 (June 2007)

Total Debt at the Beginning of the Month = $19,938
Total Debt at the End of the Month = $19,494

Total Debt Payment for January = $444

For February I have set some goals for myself.
#1 Of course pay more of my credit card off. Striving for at least $500. But we shall see because I just started doing my tax return, and it looks like I am going to owe the State of CA around $150 in income tax. Not sure how it ended up that way, maybe because I had 2 jobs at the beginning of 2012. But, I am sitting on my return for now. Since I will probably end up owing, I am probably going to wait until like March to file.
#2 Save at least $100.
#3 Contribute at least $75-100 to my IRA.
#4 Update more often. I have been really bad about this because lately I have also been focused on going to the gym and living a healthier lifestyle overall, which means less computer time and more going out and doing things.

Now that I have the goals, I can rearrange my budge to make it happen!

See everyone in February! Smile

Mid-week Check In

January 16th, 2013 at 09:53 pm

Still sick, but doing a lot better than the weekend.

My current job has bi-monthly pay periods. So I'm getting paid this week for the 1st-15th. After sitting down and calculating this paycheck and all the money I considered spent, I have a little left over. So, I am going to transfer $50 to my money market at the end of the week.

And, to keep up with my goal to get my credit card paid off... I decided to borrow on the rest of my line of credit $900 and added an additional $50 from my paycheck to pay down my credit card since the LOC has a lower interest. So now my LOC is at $5000 and my Credit card will now be below $7K. I know it's kind of silly to use one liability to pay for another liability. But, I figure the faster I am able to get the balance down the more money I'll save on interest.

Other changes I've been making have been eating at home. To be perfectly honest, once I had moved out on my own I decided that I hated cooking. Also, I work really long hours particularly during month end close, so it's was easier just to pick up dinner on the way home. I was eating out A LOT. Well, now with trying to get back on track, I've been working on eating what I have at home. I have been waking myself up earlier in the morning just so that I have time to eat breakfast, make my coffee and lunch before I head out the door. So far, so good.

I also plan to look at my monthly expenses and seeing where I can cut back.
I'll let you in on a little secret. Well, it's not so much a secret to the people around me. I have addiction to personal care items, like body soaps, shampoos and conditioners. I mean I have stock piles of products, it's actually kind of ridiculous and I probably should seek help. But, I told myself this year, I can't buy any new items UNTIL I FINISH my stock. I should be saving a lot of money right there. Smile

Current Stats

January 13th, 2013 at 10:29 am

2013 has been a little chaotic with work, family, and friends. So I finally getting around to the post that I said I would do last weekend. I am out of commission with the Flu. Since, I can't go anywhere and do anything, I figure it's a great time to get everything together.

Savings #1 - $310
Savings #2 - $328
Money Market - $4,125
Rollover IRA - $1,098
Roth IRA - $8,148

Line of Credit Balance - $4,100 (7.75% interest)
Credit Card - $7,771 (13.24% interest)
Student Loan - $8,067 (3.625% interest) *Original Bal $17,500 (June 2007)

And then there is my checking account where I keep the funds to pay my monthly bills.

My first area that I am going to focus on is paying off my credit card!

Where Did The Time Go?!

January 4th, 2013 at 01:19 am

Hmm... I see that I haven't posted anything in the last 3 years. 3 years. What could have possibly happened in the last 3 years? A lot. Life.

I'm no longer 24... as my info once said. I am now 27... and more broke. Getting older is not fun. More responsibilities and more bills. Yikes.

As a New Year's resolution, thought to myself that I have to get back on track! Not just for my wallet, but for my sanity.

It's really late right now and I have to go to work in the morning. So I will attempt to update more regularly and give all the dirty details this weekend when I have the chance to round up everything. Smile