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I'm back!

December 28th, 2013 at 10:39 pm

I started last year blogging about my debt and then stopped. Maybe I was not ready to face it all, not ready to really do the work that it was going to take to pay my debt off, but I am ready now! Ready to get out of this hole I dug myself in. So re-join my journey to say to my debt "See ya later!" Here are the numbers.....

Card #2 1,018.65 16.00% 20.00
SL #1 1,785.24 4.80% 25.00
SL #2 11,171.13 4.80% 104.27
SL #3 20,824.43 4.80% 121.95
SL #4 22,031.32 4.80% 128.36

Total: 56,830.77 YIKES!!!

I have another cc has a balance of 262, but it's not listed because I am going to pay it off at the end of January with an extra paycheck I am going to receive. Also not listed is my car loan. I use my income tax return to pay my car loan up for the year, so it's something I never budget for.

Tomorrow I will post my monthly budget. Glad to be back!

A weight lifted!

November 28th, 2012 at 01:36 pm

After getting my son started on his morning routine, I called my car loan company to make sure my payment posted and to see if the deferment had been approved and guess what.....IT HAS!!! I feel a since of relief that I havenít felt for a few weeks now. I added up what is going to cost me to pay December and January's note and it will be around $300, so I will be applying my entire state tax return to it. The $120 I have that I was going to put toward my note will be going to my lowest cc bill and the goal is to have that paid off by April of 2013!

I have to resist the temptation to go out and buy myself something with this money! Once I found out the deferment had been approved, I have to admit, shoes and clothes flashed before my eyes! I keep telling myself that one day all of this debt will be paid off and I will be able to buy what I want with no worries, but it sure is hard! I have a $10 gc from DSW...(you will learn in reading this blog that shoes are my crack!!)....and I am thinking that I may take $20 from my first pt job check and buy a pair of shoes that will cost me $20 after the coupon, but I will think really hard on that.

Non the less, I am a happy camper this morning! Today is my first pt job assigment and I am nervous and excited! I'm going to have to do an entry about my pt job and excatly what I do sometime this week.

Happy Hump Day and GOOD LUCK to anyone who is going to take their chances at tonight's powerball! I know I'm going to buy a ticket or two!

Fingers crossed and my dad's advice

November 26th, 2012 at 11:43 pm

After making a payment today to my car loan company and in the process of updating my blog, I got a phone call from them. I have to admit, I have not been picking up when they call, just listen to the message and look out my window every five seconds to make sure the repo man was not taking my car away. It has been a source of stress for the past few weeks and I finally picked up and had the oh so uncomfortable conversation with the collection agent on the other end. She was really nice, to my surprise and really helpful. I let her know that I made a payment today and I will be making a second tomorrow. She also let me know that I qualified for the deferment program. She explained that if approved, two months would be put on the end of my loan, bringing me current and my next payment wouldn't be due until December. She said given my current account status I should not have any issues being approved for it, so fingers crossed! I will know on Wednesday if I have gotten approved or not. And don't worry, I am still making my payments as scheduled so if it doesn't get approved, I'm still catching up. Fingers crossed that I get this approved, it would be a weight of my shoulders!

One another note, I went to a training today for my part time job and I am really excited! Before taxes I should clear $475, but I am going to double check the numbers with my boss as my very first training had to be moved due to Super Storm Sandy and was done in bits over a few days. No matter the amount my plans for the money is this... a portion to pay my car note up until January, a portion in my savings and the rest to my student loan back pay.

I can't wait until I'm in a place where I have both caught up, so I can start working on getting them both one month ahead. When I had my second car (this is my third, my driving sucks ass and could be a blog all its own!), my dad would tell me "Shanna, you always pay your bills one month ahead just incase you hit hard times!" It's advice now in my current situation I had paid closer attention to. He told me all my teenage years he's always right, I'll be damn the old man is....lol!


Tomorrow is bill paying day and I hope to have a numbers update by the end of the month and a meeting with my rental office. Don't worry, I'm not late or behind at all, they have charged me a late fee in error and I have to go get that straight. It has been a nightmare dealing with them as this is the second time this has happend to me! I'm hoping to get all of this mess straigt and not have this issue ever to happen again. I know people make mistakes, but really?!?!

Happy Monday to all!

It has to be done.....

November 25th, 2012 at 11:54 pm

So yesterday I told you guys about all the extra money I made with very little effort to add to my savings account. I was excited to see my account jump from $10 to a little over $120, but as you know, things don't always go as planned.

I am a few months behind on my car payments and after a call from my car loan company and much thought, I have made the step to take the extra money and get current. Would I have liked to add extra money to my savings, yes....do I need my car to get around, double yes. I will be making the payment tomorrow morning because it has to be done.

And the journey begins.......

November 22nd, 2012 at 04:51 am

First things first.....

HI!! I am Shanna and I am a single mother of one hyper seven year old boy! I am the typical mom trying my best raise my son the best I can. Well like a lot of you, I have debt and a lot of it and I am doing all I can to get rid of it! Everyone has their story and this is mine....the good, the bad, the ugly and the really ugly! I'm not going to do everything right. I know that I will make some mistakes, I know that I will have some slip ups, I know that this journey will not be an easy one, but it is one I am ready for.

So here it goes......the numbers, oh boy yall, I'm scared *bitting nails*

Student Loan #1 (Yep that means there is a #2!)
$59,496.55 (past due amount $418.14)
Student Loan #2
$8,739.30 (no payment due)
Credit Card #1 (Yep, yet again this means a #2!)
$347.76 (current)
Credit Card #2
$1,009.37 (current, but over limit by $9.37)
Car Loan
$7,060.79 (past due by 529.74)
Medical Debt
Bull Shit Debt (old bills from God knows when)
So as of now my bottom line is 76,653.77 (YIKES!!!)
and.....
Savings Account: $10 (well its a start)


Now this number does not yet include my medical or bs debt, give me a few days to get you all an accurate number and I will update the bottom line. My goal for the rest of 2012 and 2013 is the following......

Student Loan #1-$56,496.55
Student Loan #2-nothing will be due
Credit Card #1-$0
Credit Card #2-$500
Car Loan-$6,000
Medical Debt-1/2 of what that number is
Bull Shit Debt-1/2 of what that number is
Savings Accont-$500

So there are the numbers and there are my goals! Simple and plain and there is not hiding from that. That's it for now people. I will post my budget tomorrow so you can see the ins and outs of my cash flow, well Friday....tomorrow is Turkey Day!

I hope you have fun on this journey with me as I work to meet my debt reduction and savings goals for the year!