As many of you know, I have been unemployed now for several months.
I have great news to share: On Thursday I will begin a 12 week contract with a local company. If all goes well on my contract there will be a chance of a permanent job.
I am thrilled and can finally see the light at the end of the tunnel.
Thanks to the frugal choices made and the lessons learned from this site - along with the support found here - I was able to make it through this very tough time. Thank God for the pantry I built up: it saved the day!!
With this job, I'll have about $700-$800/month to pay down my debts. I had to use some of the credit cards that I had previously paid off, but I am nowhere near the limits and am in good shape.
__________________
Jen
30 yr old DD
3 kitties (2 adopted from my daughter)
As of January 1, 2011------------------------ Updated June 10, 2011
Short term goals:
- $2,000: to set up my consulting business. DONE! INVESTED ANOTHER $5000!
- $4,000: down payment gift to daughter to bring her down payment on a house to 20% and avoid PMI. ON HOLD.... her offer wasn't accepted...
- $1,500: pay off Student loan ALMOST THERE!
- $1,200: pay off credit card (was disputing with creditor (ALL PREDATORY FEES charged on ZERO BALANCE), but I'm giving up the fight to make this go away...) PUT OFF till June/July
- $11,600: Pay off Cornerstone car loan by end of May 2011 DONE
- Complete tax returns by February 15th DONE
Long term goals:
Continue to follow a modified Dave Ramsey plan to pay off debt. Progress has been made, but there is much to do...
Balances January 1, 2011 -----------------June 10, 2011
Citimortgage on home: $104,500-------- $102,775
BofA Mtg on Rental: $27,000------------ $26,000(Est)
HSBC Equity Line on Rental: $11,900------ $9,902
Citibank car loan: $13,830 -------------- $11,663
Cornerstone car loan: $11,600------- PAID OFF!!
Student Loan: $1,500------------------ $320
Credit card: $1,200-------------------- $1,200
The problem with a living sacrifice is, it always trys to crawl off the alter.- Chuck Swindoll
debt 69,076.95/148,000 first mortgage 407131.74/ 515,000 2nd mtg,creative fin.-rental houses fix up 342035.13.pfcu-16,000,FCU-10,AMX-5525.71-0%,AAA-ba-4297.28,BA-2,672.73 Chase Freedom $1500.00 40315.72+30-70315.72 13,129.28 /22,000 land payment
29199.33 / 38,000 land pmt $42,328.61
balance owed 705,000.00/493756.41 30000 or less- final fix up for rentals 40315.72- total high interest debt pay down
Baby Step #1 Done!
Baby Step #2 Beginnning debt balance 01/01/08 $78K /Paid in full on 08/06/10
I'm debt freeeee............ GOD IS SO GOOD!!!
Baby Step#3 Goal: One year emergency fund began saving Jan 2011 accumulated Aug 2011 YIPPEE!!! God is sooo good to me!!!
Baby Step #4 Yep currently doing this.
Baby Step #5 No kids so no need.
Baby Step #6 Renter.. Working on putting 100% down on a house!!! (Currently have 2.1% saved)
Baby Step #7 Someday.......
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Finally, a light at the end of the tunnel
2012 Penny Challenge: $10.02
2012 Change jar Challenge: $8.55
2012 Quarters Challenge: $10.00
TOTW/F/M Award(s): 1
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