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As Promised – Here’s Some Updates

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It always happens…I speak too soon. I thought things were going to be slowing down and I’d have more time for blogging. But that will not be the case. However, I am going to try my hardest to keep things going on here like normal. I miss blogging!

I owe some updates, so I’ll make them short and sweet for tonight this morning. I’ll talk more about some of them later in individual posts.

First Update: I was asked by Kim at Alpha Consumer if I would like to share my 2008 financial goals. The email sat in my inbox for a little bit because I hadn’t even thought about it yet. Last year, I didn’t get our 2007 goals posted until 11:50 PM on New Year’s Eve. After about a week of thinking about it, I still wasn’t sure of a debt payoff goal for 2008. Finally, I decided on $10,000. I basically pulled that number out of thin air. Things are so up in the air at the moment that I have no idea what 2008 will bring. That ties into the second update.

Second Update: My husband’s temp job is soon coming to an end. In January, the grant money that is funding his paycheck will be all used up. He’s been busy applying to jobs in his field across the US. Of course, we have a preference for jobs closer to home or closer to our family, but we aren’t disregarding jobs because of location. It turns out there isn’t much out there. In a way, I am excited for a change of pace. But at the same time it scares the heck out of me because I know our finances will go crazy for a while until we get into a “financial groove” again.

Third Update: I guess this one is sort of a confession. With my husband’s income soon disappearing, I haven’t even looked at our financial situation and how it will be affected. I know things will be really tight for a while until more income starts coming in. It’s in my nature to plan, so I better look soon and figure out a game plan to follow in case my husband’s job search takes a while.

Fourth Update: I have another confession. I paid a bill late this month and got hit with a minor late fee. While I’ve been busy with other things, I didn’t open my Quicken file at all. I totally missed that our gas bill was due and it got there a day late. One thing I don’t like doing is paying extra money due to late fees. I should still stick my nose in our Quicken file every few days no matter what.

Fifth Update: Our Christmas shopping is basically done, thanks to the power of the internet. I am so glad I won’t be scrambling at the last minute because I think things may be crazy all the way through the New Year.

That’s all I can think of at the moment. If you are wondering about something that I haven’t gave an update on, please feel free to mention it in the comments and I’ll reply.  I really feel like like I’m forgetting something.

Credit Card Debt Update: $18,200

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When other things in life are a bit out of my control (like they have been the past few weeks), the control-freak in me is comforted by looking in my Quicken file and deciding to pay off a big chunk of debt!! That is one thing that I can control and it perks me right up.

I paid an additional $607 towards our credit cards to put the balance at $18,200. That means we have paid off $19,414! We are so close to paying off $20,000!

I did some projecting in my Quicken check register, and it looks like we might be able to contribute the extra $600 by the end of the year. I’ll know more once the end of the month gets closer, but for now I have that money “saved” in Quicken to do my best to keep it available.

I sit here…amazed at how far we come. I wonder (for only a little bit – I try not to dwell on it) why we didn’t start reducing our debt sooner. So, if you are reading this and have debt but aren’t sure where to start…just decide that today is the day and start right now. Learn as much as you can on how to live a frugal lifestyle and earn more money. Don’t wait a day longer. Just do it.