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11-11-2008, 06:59 PM #1Registered User
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update 2 months on how am I doing?
It has been a while since I have been around on the boards but I have promised myself that I will be here more regularly.
Some of you may remember that a couple of months ago I paid down the last of my debt (totals are in my sigi)
Since that time work has been really hectic and I have had a lot of family commitments so it has been hard to get here and catch up on what is happening. Have been reading a few posts this morning and there is definately a mix of good and bad. which the financial industry the way that it is I am heartend to see that there isn't too many people in dire financial straights.
My next big goal was to fully find my EF to 6 months worth of exoenses. at the moment I am sitting on just over 2 months of expenses so I am doing well and am hopeful that I will have the rest saved by the end of the year.
I have had a lot of car expenses lately and have had to shell out a small fortune for repairs to my car but as it stands now the car is running better then it ever has and I was able to pay cash for all of the repairs (it is my own fault really for negelcting it so much) I have made myself a promise to service it regularly.
I have also completely finsihed my Christmas shopping, which means that my Christmas bonus will be able to go directly to the EF and not to gifts. double plus the stores were still on sale when I bought the gifts so I got them at a reduced price. already I can start to see prices getting inflated as christmas approaches.
I am loving my more simple lifestyle. and this week end am planning to completely declutter my house - there are things I not longer needs that are wasting space that could be sold / given to charity.
I have set up an ING account for my EF, I have a spending account (with limited funds) that I allocate my allowance to and a "sinking fun" for all irrgeular expenses such as insurance and car registration, school fees and gifts etc. I just devide the yeary cost into pay periods and stick that money into the account for where it is needed.
I am feeling pretty good, but I know that there is room for improvement. We are still renting so after the EF is fully finded I will be working hard to get together a deposit for a home.Debt 1 - Paid in Full (originally $750)
Debt 2 - Paid in Full (originally $2100)
Debt 3 - Paid in Full (originally $3500)
Debt 4 - Paid in Full (originally $4000)
Debt 5 - Paid in Full (originally $3000)
FFEF - Fully Funded with 6 months of expenses as of July 2009
Next Step - House deposit
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11-11-2008, 08:19 PM #2Registered User
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WAY TO GO!
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11-11-2008, 08:36 PM #3Registered User
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You are doing wonderful!
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11-12-2008, 04:49 AM #4Registered User
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Congratulations! You're doing great with your savings.
Cars are such a headache, aren't they?
It's good to see you back--I enjoy your posts.
Menu planning challenge 2011
Mind the pennies, and the dollars will take care of themselves.
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11-12-2008, 06:21 AM #5Registered User
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- Lost in thought
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Good to hear from you!!! I'm glad your doing so well, even if life has been a bit hectic. Sometimes that helps keep me from spending
.
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11-12-2008, 09:18 AM #6Registered User
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You are doing really great and should be quite proud of yourself!
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11-12-2008, 10:04 AM #7Registered User
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You really are doing great.
The math never lies, budget in INK!
Amount of Free items 2012 $391.33
Debt #2 12/31/12 CC $901.88
Debt #3 12/31/12 $3648.83
Madness, mayhem chaos...my work here is done!
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11-14-2008, 09:39 PM #8Registered User
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You're doing a terrific job!
~ Michelle
Wife to DH--
Mom to DS--
and DD--
Avatar picture--Taken at Comanche Lookout Park, San Antonio,Tx. April,2010
Mortgage -- $53,077.24
March Emergency Fund Challenge-- $100 /$200
----------------------
"The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
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11-15-2008, 08:01 AM #9Registered User
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Sounds like you are doing great!
Keep up the good work!Sue
Single Mom to
"A friend is like a good bra, close to your heart, hard to find and supportive."
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11-15-2008, 08:29 AM #10Registered User
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Be very proud of yourself, your doing great!
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11-15-2008, 07:19 PM #11Registered User
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You have done such a great job! You should be really proud of yourself.
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11-15-2008, 10:24 PM #12Registered User
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What an inspiration you are to others!! You are on the road to financial freedom and I am sure you are loving it!
~*Michelle*~
~Wife to Rick since Dec. 19, 1986~ ~Mother to Richard, 23, Chris, 21, and Dakota, 17~~Mother-in-law to Amber, wife of Richard~~Elementary Teacher~
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11-16-2008, 09:43 AM #13Registered User
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Congratulations, your doing a great job!
Debbie
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