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I’m Not Feeling Very Proud of Myself Right Now


A lot of stuff is going on right now, and I can’t seem to find the words to write it down but I am trying. In the meantime, I feel obligated to report something that happened yesterday that I am not very proud of.

I have been very aggressively paying extra money towards our debt and I really didn’t leave much room for other things until payday. This lead to a little disagreement between my husband and I (one of the things I am trying to write about).

Well, we went shopping yesterday and I’m not very happy to report this…but the credit card came out. Total bill – $104.00. It hurt like you wouldn’t believe to do it and I saw my past coming back to haunt me. I know after payday I will be able to pay it right back, but that hasn’t helped how I feel. I couldn’t even swipe it – I had my husband swipe his card on one of our joint accounts.

I’ll get over having to use it, I know I will. It’s just hard to have done it and hard to have to come on here and write it. I could try to justify the use many different ways, but I don’t want to.

As I often say many times, I just have to pick myself up and keep going. I can’t let one mistake derail the progress that has been made. Just learn from what happened and keep going.

Caught Red-Handed with an Overspender Mentality


I never really thought of myself as an “overspender.” But, I have caught myself writing something on this blog that screams “overspender-warning.”

Sure, it was just buying something minor (matching dishes and silverware) but they way I reasoned the purchase can be a little dangerous. In my words, I said I purchased them as a “mood-booster.”

Thinking back through the years, I have bought other things as “mood-boosters” when I was feeling down or depressed. Do I feel that material possessions create happiness? If someone had asked me that question last week, I would have told you that happiness is not created by material possessions. But now I realize that my thoughts and my past actions do not equal one another.

Now that this has been brought to light, how do I go about re-mapping my way of thinking? That’s a tough question that I do not have the answer to at the moment, but it is an answer that I will be searching for. When I find it, I will be sure to share with everyone.

Wow, another eye-opener in the past few days. My response, let’s keep ’em coming! πŸ˜‰

Bad Money Decision Confession Time #3


Over at It’s Just Money the question was brought up on whether you have a will or not.

I bet by the title of my post you already know my answer. I don’t have one. I don’t have life insurance either (but my husband has a small policy on him thanks to his parents long ago).

Both things I better get cracking on and get done. I think the biggest reason I have dragged my feet was because of the mortality issue. I hate thinking about death in all regards. I’m not done with what I have to do here on Earth just yet. But if the unthinkable happens, I don’t want my husband and son drowning in debt.

That leads to the next dilemma. How much life insurance to get?

I don’t want to go too high, because costs need to be kept low at the moment. I think $100,000 policies (at least) should be taken out on each of us so at least the other spouse can try to get their life back together with no debt.

Gosh, this is so depressing to even think about. But I guess it’s a fact of life that has to be done. I don’t want my son paying for mistakes that I made if I have the ability to avoid them. And I don’t want the court deciding who should raise him.

With that said – writing up a will and shopping for life insurance is my goal for the next week. This is too important of a matter to let keep sliding by. A thanks to It’s Just Money for bringing the topic up.

If I Had a Nickel …


How many times have you heard, “If I had a nickel … (and then something like – for every time blah, blah, blah)”.

I’ve heard that alot, and here’s my latest one:

If I had a nickel for every time I’ve goofed up on my road so far to become debt free, I’d be a millionaire.

Okay, so I haven’t goofed up that much – but I have made some blunders.

Like the time I initiated a balance transfer to the wrong credit card.

Or, like the time I paid my credit card late by one day.

Or, like the time my husband received an inheritance and it was spent unwisely.

The point I’m trying to make is that we ALL make mistakes. Just learn from those mistakes and don’t make them again. Reducing your debt is not an easy thing to do. If it was, there wouldn’t be so many of us blogging to track our progress to get rid of it. Just pick your head back up, look straight ahead at your goal, and reach it.

Now, will I ever enter in the wrong credit card number when doing a balance transfer again? You bet yer britches I won’t! πŸ™‚

*Article included at the Carnival of Debt Reduction #31 at Canadian Capitalist
Technorati Tags: debt, credit+cards, debt+reduction

Bad Money Decision Confession Time #2


That was fun and it felt good to get a bad money decision off my chest a few days ago. Why not do it a few more times? πŸ˜‰

Bad Money Decision #2

Two words…I smoke. Not only is it unhealthy for my finances – it is unhealthy period. I started smoking when I was fourteen, a young girl looking for a way to rebel. I found it in smoking, but now I can hear my lungs rattle when I breathe and I have a cough that lingers.

I want to quit so bad. Gosh knows I’ve tried. But the addiction is so strong and my stress level – well, my crutch for handling stressful times are my smokes. I joke because some of the best ideas that I have had have come to me while standing outside smoking. I guess you can call them my killer thinkin’ sticks.

I don’t like spending so much for a pack of cigarettes. I think it costs over $5.00 a pack now. If you noticed – I said “I think”. That’s because I found a way to be a frugal smoker. I’ve been rolling my own cigarettes since 2003. Instead of spending over $150/month I am only spending around $30/month.

Boy, I just re-read the above and it sounds like I am just full of excuses. Any habit, whether good or bad, is so darn hard to break.

Technorati Tags: smoking, quit+smoking, money

Bad Money Decision Confession Time


Bad Money Decision Confession #1

My husband was left with a $40,000 inheritance from his grandmother. His grandparents were very knowledgeable in the stock market and made a bit of money.

To this day, I wonder where it all went. I know $10,000 was given to his mother to pay off the loans that she took out to help my husband with college costs. We also used some to pay for summer school. We bought a 27″ TV and we bought a $3,500 computer because my husband is into videography and needed a good computer for it. I also remember that one credit card was paid off completely ($1600) and I think some more money went to another one.

But really – at least $10,000 of it I have NO IDEA where it went. That’s not good. But we were young (both were 21) and naive about money. I think probably most of it went to eating out and spending the money on frivolous items.

If I had known then what I have known now, that money would have been spent so much wiser.

But as they say…you live, and you learn.

Anyone else care to confess a bad money decision? πŸ™‚

Technorati Tags: inheritance, money

I Transferred the Wrong Balance!!


I can’t believe it. When I transferred the balance for my one card I also decided to transfer some money to another card. Well, I screwed up the transfer on the one card! I can’t believe I did it – I sent the balance transfer to my card that was already at a zero balance for the life of the transfer!


So, instead of being at zero percent – it is at 5.9%. As Homer Simpson would say….. DOH!

Not only that, but there is a huge credit on that card now. This has really put a little crimp in my plan to rid my debt. I have to go back to the drawing board and figure out what do to now. This weekend I will be posting my game plan.

It’s a setback – but with determination it can be overcome πŸ™‚

Technorati Tags: balance+transfer, credit+card, debt