The Mommy's Place

Craft, Create, Celebrate Life

On The Money Monday – What’s Going On With My Money Dear

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I think he meant to say our money, he just had a slip of the brain thing going on.  That is what my husband asked me the other day.  I replied it is doing well, our money, which makes me happy in an odd kind of way.  I know he didn’t want all the detail right there and then he know pretty well how it is doing.

Now that we have been debt free for a little over a year, I don’t write much about getting out of debt.  I was actually reminded by a fellow blogger that I need to continue to share the ways that worked for us to get out of our debt.  I know what works for me might not work for you but then again it might help you get out of debt that much sooner.  Take what you can use and leave the rest, really my feeling won’t be hurt in any way shape or form.

1.  This is older post of mine, in which I share a great free tool.  I used this for a very long time on a daily basis, it can be customized to your personal needs.  It had a tiny learning curve for me, but worth the time for our family.

A Great Little Budget Tool

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Watching our Debt Go Down ~ November 2009 Update

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Been a bit busy to post updates on our debt, here is the one for November.  Wow holidays upon us again. sigh

Nov update

You are currently $11,568.16 in debt. By using the snowball method and paying an extra $300.00 a month, you will be debt free in April of 2011 and pay a total of $12,343.51..

We had 12,279.73

New Balance 11, 568.16

Paid off  $711.65

August Update

You are currently $12,279.73 in debt. By using the snowball method and paying an extra $200.00 a month, you will be debt free in April of 2012 and pay a total of $13,678.45.

We had 12,692.73

New Balance $12,279.73

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Well I have a nice update really nice.  We had a lil blessing given to us and we paid off a large part of our debt.  We are not out of the woods yet, but it sure does feel good to have it be a smaller number.

You are currently $12,692.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in November of 2011 and pay a total of $13,921.95.

We had $29,846.96 – 17,154.23 = 12,692.73 Our new balance.

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Accepting that this is where we are now, and working our way out.  Digging and diggin and will will be free from MasterSlave and VisaShackles forever.

May 2009 Update

You are currently $29,846.96 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $38,369.23.

$30,457.56 –  $29,846.96 = $610.60 Paid off this month

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Update 4/2/09

You are currently $30,457.56 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $39,393.83.

$30,949.98 minus  $30,457.56 = $492.42 paid off this month

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Update 3/1/09

You are currently $30,949.98 in debt. By using the snowball method and paying an extra $25.00 a month, you will be debt free in August of 2013 and pay a total of $41,443.90.

$31,391.22  minus 30,949.98 =  $441.33 paid off this month.

It is going down slowly despite my husband working two jobs and me working at home more hours.  We are trying to build up an emergency fund, so we don’t have to go to cr cards when we need money.  Live and Learn

Update 2/4/2009

You are currently $31,391.22 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $40,668.02.

31,800.73 – 31,391.22 = 409.51 Total Our Debt Has Been Reduced.
Slowly but we are going in the right direction.

Updated 1/3/2009

You are currently $31,800.73 in debt. By using the snowball method and paying an extra $100.00 a month, you will be debt free in February of 2013 and pay a total of $41,376.57.

32,178.29 minus 31,700.73  =  477.56 Amt our debt has gone down this month.

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You are currently $32,178.29 in debt. By using the snowball method and paying an extra $0.00 a month, you will be debt free in November of 2013 and pay a total of $44,527.21.

Ouch that hurts much, if I was depressed before, now I am going off the deep end.

Found this at Destroy Debt


Which Part Of We Need Help Did They Not Understand

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We have started talks with our mortgage company, letting them know we are in trouble.  We are not behind on our mortgage thanks to my husband working a second job and some fancy tweaking of our budget.  These bozos send us a notice today that our mortgage is going up by $65.00 a month.

Hmm maybe they have wax in their ears or something and understood that we are rolling in money and have a big tree in the backyard that gives fruit to $100.00 dollar bills.  Honestly you doodos are you trying to deliberately push us into forclosure.

Sigh going to have to rework our budget again so that we can stay on track with reducing our debt and still make our monthly.  I don’t know where else to cut but I will have to get my creative juices flowing on this one.l

I should have waited till Monday to get my mail, and enjoyed today and tomorrow, silly me and my obsession to open my dreaded mail box.