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Nov 1 / Sandy

Goals Update: October, 2013

I definitely need to find a new format to start using for this update.

 

We are still at 0% saved in our Online Account.

Just two months away before we know if we are going to have to start utilizing our savings (which we do have in regular savings account- not the online account) or if we can start actually living life again.

The Equity in our Land is at 100%.

No new news on the Land front. I believe I will need to get rid of this section in the coming new year. Who needs to be constantly reminded that we have a chunk of land that we are currently not doing anything with?

 

We decreased our outstanding debt 1% and only have 43% of our July, 2010 debt level remaining to repay.

Slowly, slowly we will get this down to zero (possibly)!

Credit Card debt-  We paid off 2% of our debt and are at only 30% to go!

Student debt- We decreased my student debt by 0%, and remain at 51% to repay. We did move a little in this category, but not a full percentage point. That always makes me feel a little sad, but we’ll definitely get it next time!

Oct 27 / Sandy

Interviewing: Any good tips or tricks?

I am not good at interviews. I am not good at schmoozing other people. I definitely need to work on this concept… a lot.

I’ve had a few interviews over the last couple of months. I’ve even passed the phone interview stage and had several ‘had to leave the office for meeting’ type interviews. I even got the second interview. But I’ve had no real bites. But at least I have not said no to an interview yet. Not even when I got a phone call on a Thursday afternoon, to set up the interview for the very next day. I just asked what time was available and I worked out the 2 hour meeting in the middle of my day.

I’m not good at shooting the breeze. I’m not sure why hiring managers want to have someone who can chat. I would love to chat less, and work harder. As my resume shows, I’m great at working hard. I mean, how else can I explain being promoted at all of my past jobs?

The question I hate the most is ‘why are you currently looking for a job?’ I don’t want to make any company look poorly, so I just talk about a reorganization that is causing my current company to close the office I work at.

Any good interviewing tips for me? I need to land a job, hopefully, prior to the end of the year.

Oct 1 / Sandy

Goals Update: September, 2013

We are still at 0% saved in our Online Account.

We have decided to  continue to keep our cash more easily available in our regular accounts. We wiped out our online savings account when we made our huge payment toward the land in July, 2013. We are continuing to save in case I do not find a job in the new year.

 

The Equity in our Land is at 100%.

We are still holding onto the land for now, and have postponed any decision dealing with it for now.

 

We decreased our outstanding debt 2% and only have 44% of our July, 2010 debt level remaining to repay.

Slowly, slowly we will get this down to zero (possibly)!

Credit Card debt-  We paid off 5% of our debt and are at only 32% to go! This was a big credit to getting rid of the Home Depot credit card balance.

Student debt- We decreased my student debt by 1%, and remain at 51% to repay.

Sep 9 / Sandy

Home Depot- September, 2013 Payoff

Another one bites the dust! Yes, another credit card has a zero balance.

In February, we were hit by some heavy snow and Hubby decided he HAD to have a snow blower. So, while my work and the kids’ school was closed he ventured out to hunt down and purchase a new snow blower. He also felt compelled to use the 6 months zero financing option so we had a rather large balance come due this month.

BUT I had the money saved to make the payment and we saved about $94 in deferred interest that went away! I’m always so glad when we make that LAST payment and that deferred interest line drops to zero.

Looking forward to a bigger decrease in our outstanding debt totals than normal at the end of the month update.

Sep 1 / Sandy

Goals Update: August, 2013

We are at 0% saved in our Online Account, a huge decrease.

We wiped out our online savings account and made a huge payment toward the land, and the land is now officially paid off!! We have not funded the Online Account at all. Because it gets such a low interest rate, we have opted to keep any ‘extra’ money in Hubby’s savings account (at a separate bank which makes it harder to access), and in my checking account (which again is hard for Hubby to access).

 

The Equity in our Land is at 100%, an increase of 1%.

We are super excited for this loan to be paid off. Now we just have to decide what to do with it. To sell, not to sell, to rent, or to just hold on to it.

 

We decreased our outstanding debt 2% and only have 46% of our July, 2010 debt level remaining to repay.

Slowly, slowly we will get this down to zero (possibly)!

Credit Card debt-  We paid off 3% of our debt and are at only 37% to go!

Student debt- We decreased my student debt by 1%, and remain at 52% to repay.

I would love to start focusing our land mortgage payment against my student loans, however, with the uncertainty of my job we are opting to hold on to it until I get a job offer.

 

 

Aug 19 / Sandy

Goodbye Land Mortgage!

Can you see us jumping for joy? We are pretty excited that we were able to pay off the land mortgage with time to spare. We always thought this mortgage would be long gone and we would be living in a house close to family. Plans change, and we are just excited that it is one less payment we will be making every month!

The down side of being free of the land mortgage, we are pretty much freed from all our savings too. We dug deep to get this thing paid off and our savings accounts are in some need of repair now. It is now weird to think about NOT having a savings account for emergencies. Up until about three years ago, we flew by the seat of our pants and never had more than a thousand dollars in our savings account. It has been really nice watching our savings grow and knowing that we had something to fall back on if things went sideways. When I was facing being laid off in 2012, having that cushion made things a little less stressful. Now, I am counting down the months to being jobless again, and not having that savings account cushion makes things a little harder. But we have one less payment to make, which is always helpful.

Now we get to decide what to do with the land payment going forward. Some people talk about having a small emergency fund, and also about the debt snowball (applying the payment directly to the next debt in line). Growing our savings account is important to me so that I can breath a little easier while I hunt for a job, but we also have to pay off that snow blower that Hubby had to have in February. Until September is over, we will probably just hold the entire land payment in the savings account until we find out about my job options.

Aug 15 / Sandy

Land Payment: August, 2013

Prior Months Equity Balance: 99%

August 14 payment
% to Principal:  99.5%
% to Interest:     0.5%
One Day’s Interest: $0.00
 
Current Months Equity Balance:  100%
 

 

Aug 8 / Sandy

Another big announcement at work

It seems like just a short time ago I was sharing the news I had received regarding my employment. It seemed like an antagonizing time of waiting, and wondering before I received a new employment opportunity. Well, almost a year later an incredibly similar announcement was made. Already there is uncertainty and many of my former and current coworkers are abandoning ship and seeking employment elsewhere rather than going along for the ride with the next company that will be taking over.

I too have been exploring other options. After months of turning in applications and reaching out to friends or former coworkers for references I’ve about given up on being able to find a similar job for similar pay. I know the economy sucks and I am very lucky to have a job, I’m just becoming discouraged at finding a new company to work for that isn’t linked to my former company.

I have turned in a resume with the company that will be taking over in January, 2014 and I am waiting to hear back from them on a possible interview.

 

Aug 3 / Sandy

NFM Payoff- March 2014

I’m doing some research as to the balances that we pay off from our NFM card. We are horrible about falling for those darn promotional balance offers, so we always have a balance on this card. It seems like when we get close to paying it off, we find something else to charge and the cycle continues.

 

In July, 2013 we made our regular monthly payment and viola we saved $195 in deferred interest charges!

 

I love seeing deferred interest amounts disappear, however, it is not included in our monthly updates. It is still a little triumph when one line item is wiped away.

In the fall of 2011, we had a bit of a shopping spree. I wish the old statements were more detailed but I do know part of this was the purchase of a new video camera.

What are the other line items that are remaining to be systematically ticked off the list?

October, 2014                            projected early payoff January, 2014
November, 2014                      
March, 2015
November, 2015
 

If we stay on track we will have this credit card paid off well before the final due date of 2025. Though, knowing our spending habits we will have just found something else to purchase (like my bedroom or office furniture).

 

 

 

Aug 1 / Sandy

Goals Update: July, 2013

Wow- another month is behind us and we are continuing to work on our financial goals.

We are at 0% saved in our Online Account, a huge decrease.

We wiped out our online savings account and made a huge payment toward the land. In just a couple of weeks the land will be completely paid off and we will begin to build a savings account again.

 

The Equity in our Land is at 99%, an increase of 21%.

This is directly linked to the Online Account balance above. We made a huge payment, and will finish this bill in just a couple of weeks.

 

We decreased our outstanding debt 1% and only have 48% of our July, 2010 debt level remaining to repay.

We are working slowly and steadily toward paying off this outstanding debt. Three years into trying to pay off our debt and we are half way there. Unfortunately, we have added debt to the amounts we have paid off, but we have always held to the standard of where we were at as of July, 2010.

Credit Card debt-  We paid off 2% of our debt and are at only 40% to go!

Student debt- We decreased my student debt by 0%, and remain at 53% to repay.

 

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