Hey guys,
I'm not back-back, but I stopped in for an hour or so to read some blogs and write some sad news. (It's not terribly sad, just some regression for me.)
First, I read some of ya'll latest entries and I feel I have missed so much! I am looking forward to having internet again.
Second...ugh. I dont like saying it. I dont like it. But I have been thinking about it the last 2 days...(I even wrote a hypothetical 'dear Suze' letter-just to step back from the situation and try to see it from amore logical perspective.)...I think I am taking money out of the house savings fund to pay off the danm credit card. It jumps from 0% to 20% in a few days, it's at $2400 right now...and since the summers over I wont be able to make huge payments on it anymore. I starter out in late June with a $5600 balance, and now its at $2400. That's $3200 I was able to chip away at in 2 months...I guess a good consolation victory there.
House fund is at almost $38,000...I will bring it to about $36,000- still a good chunk of change- but it feels like a major blow. I tried to calculate a debt repayment plan to myself, but to get that 2400 back, I need to pay myself $200 amonth FOR A YEAR. $200 a month is doable...for a freakin year??!! Seems like forever just to get back to where I am right now. Sigh. But I made the bad...time to lay in it. And once I have paid off the card IN FULL NEXT WEEK...it's going in the freezer.
You know...I think I'm upset because I feel I am taking the easy route. Just taking $$ from savings to pay the debt. Then its gone and there is little consequence/little lost. It seems a cheap victory. I wanted to pay it down through patience, discipline and taste the satisfaction of making the final payment. But I ran out of time. I bought 2 pairs of jeans that I shouldnt have. I ate out to much. And I know better than to pay 20% intrest.
And just a quick note...still tracking expenses...we spend a hella lot more money than I thought we did...this has been the best financial excercise ever! I'll show the ugly rundown when I have steady internet again. I am worried about being able to track expenses come September because Baseball boy and I will be back in FL and we wont see each other nearly as much as we do now. He's not on board with the tracking expenses- I think he thinks I will yell at him or give him a guilt trip over every purchase- so I have been tracking his expenses because we share a car and therefore when he buys, I am right there with him. Thats it, I'm off now to read more of your blogs. The apartment complex pool has internet connection, so I'm out here enjoying the evening for a few hours.
Gamecock's not-so-quick-check in
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Me and my wife each have our own blow money that we can do what we want with. Just a thought.
Good luck!!! And I like the idea of getting rid of your CC even if you dip into the house fund. Keep squeezing the budget and I bet that you'll have that money back a lot quicker then 12 months.
It's amazing how money materializes when you are on a budget.
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