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Posts tagged with: making better financial decisions

Even Little Steps Count…


Over the years as I have read about different people’s get out of debt journeys, there are always those little changes that make a big impact. For many it’s been giving up their daily Starbucks stop, for some it’s taking lunch to work every day and many more.

After I gave up soda a few years ago, I didn’t really have any of those little steady expenditures to give up. But I continue to monitor me spending on a daily basis and watch to make sure I’m not starting any new bad habits. And thankfully, thusfar, I haven’t noticed any “leaks.”

I Have a Problem

However, there is one area that I have a long history of being terrible about spending unnecessarily…and don’t laugh. It’s LIBRARY LATE FEES. Now don’t get me wrong, it’s not a regular issue, but it has definitely been a habitual failure over the last few years…okay, more than a few years.

We have always been regulars at the library…both for our homeschooling years and since for our pleasure reading. But my notoriety at returning books let has caused me to often comment that I should “own stock in the library” as often as I have had to pay fines.

Started a New Streak

BUT…in continuing to make better financial decisions, I have been extremely diligent about 1) returning my stacks of books on time and 2) renewing my check out period when I want to keep a book longer. In fact, I’ve now gone two whole months with NO LATE FEES!

Ok, now before you jump down my throat, my fees over the years are typically no more than $1-3 each time. But I do know how that adds up. And I’m happy to report that I have finally broken my late fee streak. Go me!

I know  it’s a small win, but it is a win. What little bad habits do you have that you need to break? No shame how silly they sound…I mean, seriously, mine is library later fees. That is pretty pathetic.

Considering Student Loan Payments


My student loans are in deferment until next spring. Up until this past week, I hadn’t made any payments since they went into deferment.

But I know the interest in accumulating and adding to my already large balance. And it’s time I did something about that. Even if it is just a little something.

I asked the BAD Community for guidance on what debt I should be targeting over the next couple of months last week in my September Debt Update.

Student Loan Balances

Here is where it stands right now (screenshot taken 9/10/18:)

student loan balances

I’ve never really paid attention to the Group A and Group B and I’m not sure how that affects anything since they both have the same interest rate.

Plan of Action

With a target on a different debt, I have some questions about my student loan plan of action. Knowing that no payments are due until next spring AND that it is accruing some interest.

  1. Should I add a small regular payment toward my student loan debt to my monthly budget?
  2. If yes, should I target a specific Group? And how does that matter?
  3. If yes, how much should I add to my monthly budget? I’m guessing it should be enough to cover interest and prevent an increase in the on-going balance.

I paid $100 toward Group B last week. Another one of my flying by the seat of my pants decisions. But I feel like I need  a solid plan with this. And I need your advice.