I was just reading No Credit Needed’s post about getting organized. It sounded a lot like what Mr. Micah and I are up to as we rectify our financial situation.
So, a quick update on how we’ve been arranging things and making good on our plans.
First, we’ve been carrying out our repayment plan for the credit card–$100 for the first month and $250 thereafter. Mr. Micah paid the $100. He also paid the car loan, which we’re paying at $10 more than necessary…not much, but a little bit adds up. Meanwhile, I’ve set up reminders through my Google calendar to e-mail me in time to pay the bills that are my responsibility. Come to think of it, maybe I should add one for the utilities, which we always seem to do last-minute.
Ok, did that.
Second, we’ve been working within the budget. It makes me feel a bit limited but also free. Mr. Micah and I have spend $40 on dates and I don’t have to worry. It’s much better than thinking “Ok, is this spending too much?” If we’ve exhausted the date budget then it’s just time to take a walk. I love our walks anyway.
In a somewhat less organized move, I designated any birthday money as free money (though I’m going to track it so that I don’t overspend). So far I have $50! Sure, some say that you should use it to pay off debt. But I see it as a reward for designing a budget where about $500 goes to paying off debts each month and another $500 goes into savings. I think that’s what the givers would have wanted anyway.
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My bills eat me alive too but, I do my best to pay more than the minimum. That is the key to getting rid of the debt. Mary Hunt has a great deal of books and a web sight that helped me. I was $250,000 in debt 15 years ago. I got that down considerbly. You can too with your creativity you have exhibited on your great blog.Kudos to you!! Annette
Thanks for the link… I’ve added your ‘reaction post’ to the list…
Keep it up and good luck!
NCN
aw, you deserve the reward. money is there to help us live better, and yes managing it is essential, but so is taking your birthday bucks and and using them as a gift should be used. for your instant gratification!
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