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Posts tagged with: new budget

My Amazon Debt is GONE!!!

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My Amazon Debt is gone!!!  I moved the payment date up to today. I couldn’t resist. As of today, my Amazon line of credit is GONE! Paid in full.

amazon balance screenshot

Doing a happy dance over here and breathing a deep sigh as I set my sights on my other immediate goals.

New Budget = More Work

I spent a lot of time this weekend working on a new budget since I have voluntarily taken a temporary cut in pay. And I hate to say it, but we cannot maintain our current life without those addition hours or an equal amount of income. I am on the project hunt, applying through Guru.com and reaching out to past and current clients who might have some project work they need done.  I know from past experience I can either get really busy this time of year with one off projects or it will be really dry. Please send up a prayer for me.

New Sport = New Expense

Before I say this, I will admit, I am crazy and obsessed with providing my kids with every opportunity.  I get enough flack for that, so don’t think you have to tell me too (my attempt to stave off the whiplash I believe will come with this news.)  Princess recently tried out for a competitive volleyball team. She made it!  This team costs $1000 for the season. The fee includes all uniforms, tournament fees, training and so on. I reached out to her dad for financial assistance, we will see if he comes through.

Conclusion

I have one less monthly debt payment, and I plan to keep it that way – yeah!!!

I have a larger than manageable gap in my budget due to the cut in my regular 1099 hours.

I have a new substantial bill for the next few months ($300 due this week and then $175 monthly for the next 4 months.)

I’ve got my work cut out for me. And I would love some suggestions, specifically regarding making up the income as I really do not see anywhere I can cut in my budget, although I am still evaluating that.

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Weekly Debt Update #21- New Budget

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Hey everybody! Happy Tuesday!

I want to share with everyone what I’m going to start using as my new budget now that I’m on the 2nd phase on my debt payoff.

But before I do that, I want to tell you quickly about my weekend. It was mys father’s 55th birthday, so we went up to Buffalo to celebrate and hangout. Much like I did for Mother’s Day (here), GF and I went to hard made route for my Father’s Day. Instead of doing the fresh cut flowers and a letter, I picked up a 6 pack of a beer I know he hasn’t tried (he’s really into beer tasting) and made the card myself. It’s by no means a work of art, and even though it looks like a child made it, I assure you the handy work was all mine:

Dad Card

(Yes, we are HUGE Bills fans, if you couldn’t tell, lol)

I did the drawing free hand using an image from Google Image Search as a guide and filled it in using water colors. I personalized a little inscription on the inside basically telling my dad how much we appreciate him, This was my first attempt at really creating something as a gift, and though it is simple, I  could tell my dad really appreciated it. I feel I’m going to have a lot more crafting in my future. As for GF, she made an absolutely delicious salsa using the vegetables from our garden for him (read about it here), which she then wrapped up in a little container with a bow. So between the beer, the salsa and the card, I think we did pretty good.

As for my budget, I’ve added a some line items, because of lumping everything into a catch all  “Miscellaneous” category for all items that I don’t have planned for.  I’ve also added a car maintenance line to take car of items like oil changes and repairs. Here’s what it looks like:

New Budget

 

For comparisons sake, here is what I was using:

Weekly Update #9

 

So…what do you guys think?

And lastly, here are my new debt balances since last week:

Loan NameInterest RateOriginal Balance- May '09Current BalanceTotal Paid OffPaid Since Last Week
Sallie Mae 015.25$27,837.24$23,776.95$4,060.29$0.00
Sallie Mae 024.75$22,197.02$18,651.56$3,545.46$0.00
Sallie Mae 037.75$20,692.10$0.00
$20,692.10$0.00
Sallie Mae 045.75$10,350.18$5,310.59$4,867.47$443.12
Sallie Mae 055.25$6,096.03$0.00$6,096.03$0.00
Sallie Mae 06 and 074.75$6,415.09$0.00$6,415.09$0.00
Sallie Mae- DOE 015.25$5,000.00$0.00$5,000.00$0.00
Sallie Mae- DOE 025.25$3,000.00$0.00$3,000.00$0.00
AES6.8$9,000.00$0.00$9,000.00$0.00
TOTALS$110,587.66$47,295.98$63,291.68$443.12

I hope everyone has a great week!


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