2.06.2016

On Setting Up Automatic Payments

Greetings from cyberspace! Last night I finished setting up the automatic payments that will fit my budget. It took some negotiating in certain areas of the budget, but I did it. Now some of the payments were already on automatic mode, such as the loans and the Chase Bank.  But here are the others and their schedule
  • BofA Visa - $37 Bi-weekly
  • BofA Visa Plat - $30 Bi-weekly
  • PayPal - $30 every 4 weeks until paid off - ETA May 27th
  • Amazon - $25 monthly until paid off - ETA May 27th
  • Lowes - $25 monthly until paid off - ETA Oct 3rd
  • Discover - $260 monthly until paid off - ETA ????
Of course as the small ones get paid off, those payments are getting rolled in the payment for the BofA Visa, which has the highest interest rate. So for 2016, it is all about the snowball.  Gotta love the snowball. Also, 2016 is the year of self-control and discipline. Two things that I have struggled with for a long time. So the question I have for all... are we having fun yet?

2.03.2016

On Finishing Off January

Greetings from cyberspace! I meant to do this post on Monday, but life just extremely crazy.  So let's talk about January and how I did.  I had a few action items that I wanted to do for January, but actually I ended up doing this month's action items as well, and am in the process of working on the last of the last one for January - and that is the process of eliminating the alimony payments. There is some red tape and hoops to go thru, but I am confident that by the end of this month, the process will underway.  So here is what I accomplished in January:
  1. Reviewed all the spending categories and saw where my money went.  Very sobering experience.
  2. I decided to NOT make arrangements with the FTB to make payments. When doing the calculations, I just put it on the credit card that has the lowest interest.
  3. Filed my tax return, and yesterday it posted (more on the reimbursement - there has been an hiccup)
  4. Cancelled my personal trainer. I had reviewed my contracted and I actually needed to do it 30 days in advance. I am really going to miss him, but I can do it on my own.
Here is where the debt stands:
  1. I made some progress on paying down some of the debt.
  2. I put aside the $500 for the airplane ticket to see Buttercup.  Gonna shop around for best price.
  3. My car needs some work, so the money I was planning on putting on the highest interest will be going towards that as well as what I need to pay off the small cards. What I did do is that I paid off the non-promotional amounts on the Amazon and Lowes card, and if there is any money left over after the car repairs, I will pay those off.
I have had some miscellaneous stuff happen, which has thrown things for a loop, but it is now back under control. Thank goodness. Even thought 2016 started off rocky, it is early enough in the year to make a correction to get on the right path. Never said paying off the debt was going to be easy.

1.27.2016

On the Reason Why I Check My Accounts Daily

Greetings from cyberspace! You know, sometimes it pays to be obsessive. Case in point. On Friday I was checking to make sure a transfer from my main checking when to the my credit card, which it did. However, there was a pending payment for ATT Bill Payment. Ummm... Excuse me??? I dumped ATT some time ago. And I began to think... Ok, the ex-husband had ATT, and when our daughter was on his plan, I would help out and pay the bill, but that was over 2 years ago. The Ex-BF and I had a joint ATT account, but I dumped that when I dumped him, and that too was over two years ago. So, what the fudge nugget. So, I had to wait until it posted to the credit card to dispute it. Oh heck to the no way I was going to let that go. It was over $200 charge. Going with the theme of the year, courage, I called and filed the dispute claim. This morning I saw that the charge has been reversed, and there is a message that a conditional credit has been issued. What a major pain in the butt, however, even I did not check it, I would have been oblivious and then ugh... Courage Rhitter. Courage.

1.25.2016

On the Final Numbers for Tax Return

Greetings from cyberspace! A few weeks ago, I blogged about my options for my tax refund, providing I got one. At first when I put in the numbers, it was looking like I was going to owe. Today we got our W-2 and I plugged in the final, final numbers.... and.... I WILL BE GETTING A REFUND!! What a relief! It is not as much as I used to get, but I will take it. Combined, it will be a little over $1,900. And here is the action plan:
  1. Put aside $500 for travel fund to see Buttercup in August
  2. Pay off Amazon, Lowes and PayPal
  3. Rest of money on highest interest card - BofA Visa
This will accomplish three things. The first, the ability to see my daughter. The second is to get rid of some annoying little debts. The third is to put a chunk down on the BofA Visa, so that I can focus on paying that off by next year.

Breathe Rhitter... it's just the beginning.

1.24.2016

On Being Realistic about Former Post

Greetings from cyberspace! So, there I was, being excited about doing the bi-weekly payment plan, and then plugged in the numbers. Ugh... may not be able to do so until mid-year. Grrrrr... especially after adjusting my withholding for taxes in the effort that I won't have to pay next year. So, between the increase of health care benefits and this, it is a reduction of $257 per month from my budget. It definitely is going to be a challenge to get the bi-weekly thing set up, but I am positive I can figure out a way to do it. Guess it is back to the drawing board. Time to get creative.

On the other hand, here are some of the action items I have done this week.
  • I submitted my request to cancel my personal trainer. I am sad to do this, but it is NOT in the budget. Honestly, I am thinking about dumping the gym all together. Still on the fence.
  • I found some of my legal documents regarding my divorce, including a letter detailing some issues.
  • I didn't set up the payment arrangements for the tax bill, but I paid it using the one of my cards.
So what is in the hopper for the next week.
  • Begin the process of rid of the alimony payments using the MetLife Law benefit.
  • File my taxes
  • Look at a balance transfer to pay off the smaller accounts
  • Finish reading a book I started last week
  • Start my prayer journal
Well, that is about it for me today.  Going to grab my book and read for a bit. Hug for all.

1.21.2016

On Debt Payment Plan

Greetings from cyberspace! I am sure I have mentioned this before, but I get paid bi-weekly. When I was looking at the budget, for the larger debts that I have, it is a challenge to make the large payments monthly. When I used to do it every pay day, it was so much more effective, and easier to budget. Heck, that is how I pay my rent and (gag) alimony payment. I think it is time to do that again. Less stress for this gal. So tired of worrying about it. The only big payment that I have going out is the LendingClub and Chase.  They are both on a 36 month plan, and will be paid off around the same time. It is the Discover and the BofA cards that have the high amounts, which I will be updating totals tomorrow. You will notice that the tax bill is gone, but in reality it was paid off using the of BofA Platninum that has a low interest. When I calculated the penalty and interest, it will come out about the same. None-the-less, still making steady progress. It may be minimum payments for a few months, but eventually the snowball will start when the smaller cards gets paid off. Can't wait for that day, but alas I must. Just need to keep my head above water.

1.20.2016

On Courage Being the Word of 2016

Greetings from cyberspace! Jane from Crabapple Landing blogged about what her word for 2016 - Acceptance. It's a wonderful post. I highly recommend it. It inspired me to think about what my word should be. It was not hard being that I had a very brutal and honest discussion with Hawk about our 'relationship'. (Spoiler - It went exactly as expected.) My word for 2016 is Courage.

Courage is not easy for me. I tend to fold because I want to be accepted. What I keep forgetting is that other opinions should not influence me. Others will accept and respect me when they see me stand up for myself. I love this quote from the book/movie 'The Princess Diaries' by Meg Cabot.
"Courage is not the absence of fear, but rather the judgement that something else is more important than fear."
My self-worth in my 'relationship' with Hawk took a serious nose dive. By having the courage to admit and accept he does not love me, I was able to see that I was worth far more and I deserved so much more than he gave me. I also had the courage to tell him that I was in love with him.

I will never get out of debt until I have the courage to say no to my daughter. I love her so very much, but I am not going to help her.

I will always be afraid of my ex-husband, but it makes me ill to have to pay him alimony, and have him always threaten me when I hint that it needs to stop. I will need to have courage when I start proceedings to discontinue it.

I will be tied to the Ex-BF unless I stand up to him and make him take ownership of the loans or else take possession and sell the damn things.

I will need courage to be happy for my cousin all the while my heart is broken. This does not mean that I am going to be hiding in my room, but I will have courage to hang out and watch them. And if it gets too much, to just walk away.

I will need courage to stay on track to pay down my debt and meet my goals.

I will need courage to read the comments that will come and realize that these are generally said with love.
 
Most importantly, I will need courage to let go of control and let the Holy Spirit guide me. To have courage in admitting my sins (and there are many) and be obedient.

Courage - my friends - Courage. And with that - here is one my favorite songs by Casting Crowns. It is going to be my song for this year.