Well a lot has changed:
*Quit my Job in March 2012 and I now work from home
*Cashed out my 401k and put it in my Savings
*Doing a new 52 Week Savings Challenge for 2013
Week 1 $1, Week 2, $2 etc...by then of the year I should have $1378.00 in both my daughter and my Savings account with ING. Picture is below if anyone wants to do it.
Viewing the 'Save Money' Category
Well a lot has changed:
Plus I get back credits! : D I just cut my data plan from unlimited to 200 MB on my account! I have a blackberry.
That money will definitely go into my Savings!
I decided to do $20 in each Savings account. I had to call the bank to get my other account# since I haven't used it in so long.
So $20 in my Emergency, Fun & Travel fund and my daughters account. : D That's $1200x3 accounts $3600 Savings a year! That's $20 a week (I get paid weekly)
I swear I am such a flake, not really but can be! Okay so I decided to have $5 pulled from my bank to my ING accounts ($5 in each account) one for emergencies and one for my daughter...come the new year I will be doing $28 (because I am 28) and $7 for my daughter (because she is 7) and increase it every year as we get older. Because me manually trying to do this is impossible. I also canceled my Health Insurance because my mom found a more inexpensive one. I decided to stay at my job - they promoted me and gave me a raise.
I also cashed out of all my MyPoints and Swagbucks. So I will be getting $30 in Amazon.com, $25 GC for Target, $25 GC for JCPenney and $10 GC for Chilis.
I went from deciding to spend $60 per person to $40 per person for Christmas. Since everyone I know basically has what they want anyway.
I also keep a stash, it ranges I went from $80 then back to $30. Its just cash to have handy aside from what I keep in the bank.
But a single mom so that might have something to do with it also but today I got my nails filled (at Walmart) and it was $18 plus I always leave a $5 tip. So my daughter is with me and wants French tips also so I told her I would buy her some while we shop at Walmart (she is 6) so I go to get her some and realize for $5 bucks I might want to try to do my own nails. That's what? 75% SAVINGS! $5 vs $15 (or $20)...Hmmm something always to think about...
I take out $20 a week for emergency purposes when I can...most of the money those goes to my soda ($1.00) and coffee (.70 cents) I buy at work...I bring coffee to work but sometimes its not enough so I buy more coffee...and I end up getting a bag of chips (.75 cents) or donuts ($1.00). So depending on my mood I end up spending $10 or more a week on junk and doesn't really get used for emergency . Now I could probably do without the coffee but not the soda..or the junk food. I used to just make sure I had $5 a week for soda...I no longer eat lunch because of personal reasons but that is going to change once I get my apt at the end of February.
My idea is to only spend $5 a week again, still take out $20 week and put the $15 towards my $20 Challenge. Because I can guarantee you if its in my account or my little black wallet I will spend it. But in this case I would keep it in my pink sock and I still keep adding $5 a week to my Savings when I get paid. And if I do have an Emergency I will still have the $15 and if I don't need it that week then add it to my Challenge.
My dad gave me an idea that even though its a little to start with, I should save $5 a week...so I started this week.
$50 Walmart GC
$50 Target GC
$60 from bro (he owed me $40 and $20 for Gift)
$40 from Sis (Owed me)
$40 from Daddy as a Gift
I owe my mom $50 so I gave her $40 from that money which left me $100 which was my GOAL for December to SAVE
Now I have that money in a Dollar sock coin purse I received on Christmas away from my wallet and my purse so I do not spend it
Not sure what my Goal will be for January because my daughter for her off track care ($100 a week) and $50 a week towards my Cruise on January 22nd for spending money and Rent ($100 a week). Maybe I will try for $40 or $60?
To Save $100. It is really difficult this month with all the Christmas shopping and all but I want to have something for December. I get paid weekly. I'll let you know by the end of the month. If I could do more I will.
I have wanted to do this for YEARS. She is turning 5 in August and starting Kindergarten - so I thought its now or never. Plus she already receives $2 a week allowance for cleaning her room (which she does a good job at and we take her to the Dollar Store every two weeks) My parents never did it for me and I finally did it tonight. I put in $60 to start at ING @ 3% APR. As I get more money I will be depositing more. I AM VERY EXCITED!
That was also the last thing on my Financial List!
Savings (2 Savings Accounts)
Pay Off Debt (CareOne)
DD Savings (ING)
Own Stock (ShareBuilder)
I started Paying off my old DEBT!
Okay but I am slightly discouraged if you look at the numbers
I take home $457.50 a week
$325 goes towards shared bills (rent, groceries, utilities etc...)
$50 a week is towards CareOne ($181 a month)
$25 a week towards Savings
Which leaves me almost $60+ a week leftover.
Keep in mind - I still have to pay my CCs, Car Insurance and a couple of other things every month.
Am I doing okay and the right thing? I know any extra is going towards paying off my debt.
But honestly, I still like to buy things :P and would like to have things too.
Well, I am really annoyed about my financial decisions lately.
*Bought a Laptop (Laptop interest over 25% I believe)
*Need to pay off CCs again (2 total $675 both with interest over 25%)
So what I am going to do is take out the $900 and pay $200 on each of the CCs ($300 CC and $375 CC) and put $400 towards the laptop and then pay the rest off in payments on both.
I already have $25 a week going into my Savings and I am sure I can come up with ways to make extra income.
Then after I will contact CareOne (they are already knocking the down the door and calling me and I will let him know I am interested and to give me a minute)
Anyway I was also reminded of the Suze Orman segment of "Can you Afford It" when the chick had BIG BUCKS in her Savings and still had ton of CC and Student Loan debt and she told her what is the point of having a BIG Savings if you have all this Debt??? So I agree. Plus I am sure Suze would have DENIED me getting this new Laptop Oopsy!
More later in as The Jackie Financial World Turns later :P
Well now I have two! I know some would say I should sell one or give my old one away but the first one I got for free and it still works and its mine, the second one is the new one I got from Dell.
Well, I tried to Cancel with Dell and it was too late.
I bought a $67 ($39 for the cord & the rest for the Fedex Next Day Shipping) Laptop cord to fix my Toshiba and it worked again, we had originally took it apart because we thought the pin was broken on it. It wasn't. The Laptop cord just was broken.
So I got my new Laptop and its Beautifully PINK (It cost me a total of $768)
I am going to make payments on it and I am still putting $25 a week in Savings. I am going to try to have it paid off in about 4 months. So I would almost have to pay $200 a month. Which doesn't seem to much and if I have any extra money I can go ahead and pay it towards it as well.
I think it will all be fine though.
But Last weekend, I finally got ALL My Bills together that I had been receiving at my parents and my house (old debt, medical bills and some new debt) and decided to organize and throw away duplicates and keep the most recent to start paying on every week. WELL starting Friday (or tonight) I am starting to PAY IT OFF WOOHOO!!!
I am actually trying to pay these bills that give you the online option and some are just so difficult so some I may have to call about and find out what happened to the debt of it and see who now owns it...etc...I am also going to contact CareOne to help me organize my debt and pay it off quicker, I had such nice feedback from a rep I called a year ago and would like to get in contact with CareOne and actually sign up for it this time even if its not the same rep.
Ugh frustration, a lot of these debt collectors I will need to call and not all offer the online pay option, oh well, my consequences for ignoring stuff...
GUESS WHAT?? My Laptop isn't broken, its actually the power cord that needed to be replaced (again, this would be the third time) so I may cancel my $700 Laptop order with Dell. And still keep the money in my Savings, I am still undecided but I normally just like to buy things I need.
Well I manage to pay $4.52 tonight, I will need to call on the rest of the debt collectors to see what I can do.
Oh I have the form filled out for automatic deduction into Savings, now I just need to turn it in. Its going to be $25 a week.
I don't know about everyone else but the way the economy is going and the world right now I am anxious about putting more money in my Savings. Just contemplating when and how much...
Right now I technically have 3 Savings accounts. One is connected to my Checking account, I have another one COMPLETELY separate (no card or anything) on my second Savings and my third Savings account I have through ING.
Savings#1 has about $300 (supposed to be used for a Trip to Vegas)
Savings#2 has $1,005.17
Savings#3 has $394.70
For a Total of about $1699.87
I have a Savings Goal of $3,000.
Not sure when we will be actually going to Vegas because my Partner's Mom is sick and I still need to figure out where my dad is (He is technically homeless always and I want to help him so much and I just hope he is ok somewhere in Vegas. Plus we want to make sure that we can get a Good Deal.
I now make $14.70 but I am also getting another Raise on June 1st...so I think it will be easier to decide how much to Save then...