I switched from Cricket Wireless to Verizon wireless who offers unlimited talk,text and web for $50 a month. My previous bill with cricket was $65 a month and the service wasn't that great the internet was very slow and I dropped call alot. I got so frustrated that I went through three phones within a five month period not because I did anything the phones would just go out. I figured they are just of poor quality the manufacture doesn't honor there one year guarantee they don't consider the screen going black a manufacture problem??? So while my annual savings is only $180 bucks it eats up some of my upcoming rent increase. My rent is going to increase starting august by $32 a month so i'm tweaking in my budget to see what other costs I can cut.
Archive for June, 2012
My df wanted the last season of True blood on dvd. A friend of his paid him back $80 he had borrowed a little while ago. My df decided to split the $80 with me so I used my portion to purchase the dvd which was on sale for $39 at best buy. I spent $5 out of pocket for a couple ballons,gift bag and tissue at the dollar store. I'm so happy that I spent the money "wisely" as it would have been easy to hit the nail shop with it and spend another $40 out of my pocket for the dvd.
I'm very happy to report that I have stuck to my plan of saving 10% of what I earn each paycheck to day I transfered $141.80 to my savings account. This month has three pay days so I should have $425.40 saved on June 30th. My goal is to get at least $1,000 into an emergency fund so I can stay focused on my debt pay off. I'm learning from my mistakes as it seems that in the past the moment my car needed a repair I'd spend my bill money and fall behind. I'm so positive about this change and I feel like i'm headed in the right direction. I'm so glad that I stumbled upon this site you guys are such an inspiration.
So I'm very excited that today is payday but what exacts me most about it is that I have a plan. I sat down the last two nights facing the reality of my past actions. My credit cards all at its capacity the number of parking tickets I have are outrageous but no need in dwelling on the fact. Its time to sacrifice my normal $50 payday walmart adventure was cut down to $17 on bare necessities toothpaste,papertowels etc..... Really happy with myself that I didn't go throwing things in the cart as previously before I made a list and stuck to it. My only wrong doing I believe was going to walmart prior to making my planned billed payments. I have it all written down just need to hand the money over.lol
So this Friday will be the first payday since I decided to clean up my financial act. I need help guys do you all put your budget for each paycheck down on paper. Is it better to use a monthly calendar? Also how do you determine which debts to attack first?? and or how much to put towards them. I don't mean to sound clueless but as my profile will show I haven't been the best at money management in the past so i'm willing to learn.
This past weekend I shopped around on prepaid cell phone plans. I was able to find the exact same plan that I am on now with a different carrier for $20 cheaper a month. I did some research online found surprisingly that it wasn't too good to be true. I would have been paying my current carrier's payment this week. Since I saved $20 I added to my capital one bill's minimum payment that was due yesterday.I'm very proud of myself because in the past I would have easily blew that $20 on something else. My previous balance was $573 which was $73 over the limit now i am just two dollars under but i'm happy i'll avoid the fee next month.
I've decided that I should take my lunch to work at least four out of five days. By doing this I should be able to pay minimum payments towards my credit cards all but one. The one card that I am focusing on first is my orchard bank card. I plan to send $20 a week to this card along with as much of a monthly payment I can to get it paid off sooner. Has anyone else tried this? If so how did it go?
I've took the first step in making a change in my bad financial habits. I've admitted that I have a problem lol not managing my money properly the obvious right?? Now I need help with creating a budget what are your best tips/advice? I want to get this together this month so I can get started with my debt repayment plan. What are averages that should be spent in each category? Anything thing you can help with helps a great deal.
Thanks in advance!!!
I've been reading your blogs for a couple of weeks now and i've finally decided to start one of my own. I must say that I have in such a very short time learned a lot from reading your blogs. I'm 26 years old and between car loans, credit cards, and student loans have about $50,000 worth of debt. I'm very much excited about starting this journey to becoming debt free. I'm determined to teach my daughter about good saving habits and how important it is to have a healthy financial life. I'm looking forward to reading more blogs and learning more from you all.