<< Back to all Blogs
Login or Create your own free blog
Home > Page: 2

Viewing the 'Debt' Category

Due Dates

August 12th, 2015 at 05:50 am

We have quite a few credit cards that we now use for various types of rewards. Specifically I have balances on ten, ranging from $13.43 to $1,549.07. The total balance of those ten all together is $4,155.65. These are all current and not charging us any interest. And you might notice that is less than the last time I reported our total. Smile

Today I made a list of the balances of each card in order of due date. I usually don't pay much attention because I just pay off the balances when we get paid. If you are paying on current charges twice a month you are always ahead of the statement closing. That's why I haven't paid attention.

As I said in the other post about our credit card debt, I plan to pay all of these off without any interest. But I also want to keep as much in savings as I can. So I'm going to aware of the due date so I'm paying the debts due first FIRST with current paycheck money rather than those due a month out or the next paycheck.

This probably isn't a big relation to anyone, or me for that matter, but I'm just taking a different approach for a bit. A little more awareness to get on an even footing again and hopefully with a nice healthy savings account.

Of course, there is the college expenses. I'm going to try to cash flow as much as I can. However, whatever I can't can be paid with funds saved for college. At least for this year. We have tuition mostly covered, but the dorm will be our biggest expense. Along with some miscellaneous band expenses which seems to be extra time in the dorm and food before the housing contract starts. Next year, I will plan to save up for this little extra cost.

Are you aware of your debt due dates, or do you pay more attention to which paycheck you pay your debt from?

Credit Card Balances

August 4th, 2015 at 12:32 pm

So for full disclosure I'm putting how much we have currently on credit cards. A whopping $5,161.22! I know. That is a lot. None of it has been charged any interest. We have either paid the balance in full before the due date or let the balance roll over on the one 0% interest card we have, Citi Thank You Premiere. And yes, that card does have the largest balance at $2,585.67.

The good news is I have $3,441 that I have decided I can pull out of savings and start paying these balances down/off. I also have a $100+ reward from US Bank to apply to a balance as well. That leaves $1,620.22 to pay off. Some of that will come from current money in our checking account to cover purchases included in the total that are current purchases and bills. That accounts for at least $300, maybe a little more.

I'm pretty sure I can get the remaining carryover balance paid off in the next month, by the September 1 paycheck. Of course, I could pay the whole thing off and just pay ourselves back too. I am considering that also.

And yes, a big chunk of that balance is our trip. I said I would use some extra Army funds and house proceeds and that's what I'm doing. Off to pay off some more debt! Smile

Temporary Lodging Paid

July 24th, 2015 at 06:18 am

We received a payment for our temporary lodging expenses yesterday. The amount was $1550.50. This is less than the rent we actually paid for 30 days. But the Army made this payment based on their calculation for 10 days worth of lodging and meals. Works for me!

I can now make the final payment on our Citi Premiere card, which is under $800. That will make the balance zero. It should remain that way and we will get it closed in the near future.

I still have a running balance on our Citi Preferred card, maybe about $3K. This card has 0% interest, so I have been just paying what I can from paychecks. I will need to dip into savings soon to get it all paid off, which is fine. I haven't even used all the money the Army has sent yet. Smile

I expect I can put at least $1500 on it today, and have another $500 available on pay day. Of course, we have our trip expenses, but some of that Army money is covering the trip. I'm finally feeling a little more in control of the cash inflows and outflows again.

It will be interesting to see how college and making payments feels in the next couple months! It's coming up fast. Smile

June Snowflake Totals

June 30th, 2015 at 06:33 am

June was the least productive month for accumulating snowflakes so far this year. I'm not complaining. I will take any snowflakes I can get!

I'm pretty happy about earning those Ooma referrals since they make up the majority of the June snowflakes. I haven't actually used those yet, but I will! All other snowflakes went to pay down the credit cards.

I'm hoping soon I can start saving the snowflake money to help out with college expenses. I'm sure there will be some that will be a bit unexpected!

Did you total up your snowflakes or extra money found for June? What did you do with yours?

Paid Miscellaneous Bills

June 29th, 2015 at 07:56 am

I paid some miscellaneous charges on different credit cards this weekend. No interest was charged on any of these...because I don't EVER pay interest on credit cards. Smile

Kohl's $44.48
Chase $8.54
US Bank $47.34
Target $305.25
Citi Govt $22.23

I also used snowflakes to pay $24.88 on our Citi Thank You card. I have around $560 left in our checking account to apply to recent purchases on both Citi cards. Once I figure which amounts should go to which card I will make those payments. Paying off current charges or any debt for that matter feels good!

We went grocery shopping at the commissary on post this weekend. I will say it seems prices are better there. I wouldn't have believed it after seeing prices at the Post Exchange which I think are inflated. For example a tub of butter I had been buying back home for $5.69 was $4! I bought turkey bacon (Oscar Meyer brand) for $1.50 that I would have easily paid $2.25 for previously. The commissary does add a 5% surcharge to help pay for future buildings and locations. We also need to tip the baggers (hate this part). Our tip was $3. Despite these extra fees, the total bill seems significantly less. I love that!

We are really close to post right now, but it will be a 20-25 minute drive from our rental home. Of course, my husband is on post every work day. I can get him to pick things up. I expect though we may shop here for most things if we can. I just need to have a lot of $1 bills on hand for tips, as well as plan well for our needs so I don't have to be making a lot of trips.

Still waiting on the reimbursement from the Army. I do hope the money arrives this week!

Vague Specifics

June 28th, 2015 at 07:28 am

Yes, I do get the title is one of those oxymorons! I need to get some thoughts on paper about our savings and credit card debt. We are still waiting on reimbursement from the Army that will cover some of our credit card debt.

Currently, we have about $5500 on two credit cards. We just surpassed $3K on our newest card, Citi Prestige. We will get 50,000 Citi Thank You points that we can redeem for about $500 in gift cards. The rest of the debt is on our other Citi Thank You card.

We will need to pay the Citi Prestige in full when the statement closes. I think we have until very August to pay it, which I don't expect to be a problem. The Citi Thank You card is still on 0% interest through September. We will also pay it in full before any interest is charged. You won't see me paying ANY interest.

The cash we are expecting from the Army is about $5500. How good is that? There may be more if we can get our apartment complex to give us a daily itemized receipt for the first 10 days of our stay. I'm not sure it is going to happen, but we will keep trying.

I also went back to see how much money we took from savings during this process of selling and moving. Approximately $4800! Nearly $2900 was for a deposit on our rental home and rent for the first month. I have to keep reminding myself of that because it seems like so much money! I will be paying ourselves back for all this cash outflow as soon as possible. If I don't repay the actual deposit I'm not too upset on that since I expect we are good renters and able to get most of that back when we move on.

Oh and we are still expecting just over $2K from our escrow account. That should help get us back to where we were several months ago. Smile

I seem to just need to keep convincing myself it is all okay. It' a little nerve racking to know we have $5500 on credit cards and are down $4800 in our savings. I suppose technically our savings is up because of our house proceeds, but I kind of think of that as separate. I wasn't borrowing cash from our home equity when we owned the house, I don't want to be borrowing from it now either.

Specific enough, or still vague?

Mortgage Paid In Full

June 23rd, 2015 at 04:37 am

I logged on to our mortgage account this morning. It's Paid In Full! In fact, I get a little interest back of $15.94. No mortgage debt for the near future seems pretty nice for now. We'll see what I think after living in a rental home for couple months!

I did check with our mortgage company and they said it will be two weeks before they start processing the escrow refund, which takes three days, and then 7-10 days to receive the check in the mail. So easily three weeks from now before we get the check. The full amount I'm expecting is $2054.93. I'm sure I can find something to do with that money!

Waiting on Reimbursement

June 22nd, 2015 at 06:25 am

My husband filed our travel voucher for our trip to our new town on Friday. We will get 23 cents per mile for our just over 1000 mile trip. This covers fuel.

We will get a per diem (a flat fee) for hotel and food expenses. My research says this will be about $875, but my husband things slightly more.

We should also get funds to cover moving about 1100 pounds of household goods in our van. My guess is that is around $1000 right there.

The military doesn't pay for selling a home like corporations sometimes do. Everyone always seems surprised by this. The military doesn't really support purchasing a home simply because moves are so frequent. The military does provide a Dislocation Allowance (DLA) and it is based on rank and if you have dependents. Our allowance will be $3,453.76. Crazy odd number huh? Not sure where they get these numbers!

There is a potential that we could get some funds to cover a portion of our rental apartment. This is called Temporary Lodging Expense and covers up to ten days. We aren't sure if it is only for hotels though. I'm also not sure if my husband has submitted this request for funds yet. And I don't know if the amount will just be ten days of our actual cost or more based on some predetermined amount. It could range from around $700 to $2900 if we are even eligible being in this apartment. Fingers crossed we could get a little bit as it would sure help!

Much of this money will pay off current credit card charges incurred during our move. This will leave us debt free. I'm also hoping there are enough extra funds to pay ourselves back for cash we used to make our rental home deposit, airline tickets and even that big repair bill on the house!

I'll report back once the funds are received and let you know the totals and how I used those funds. I'm hoping it's by the end of the week!

Heads Up on Chase Bonus Offers and Approval

June 20th, 2015 at 12:35 pm

I read on Million Mile Secrets that Chase is changing their rules in regards to being approved for new cards. This means you might not be able to get some of their fantastic bonus offers again...or at least for awhile.

Here's the article, so you can read the details for yourself.

Closed on the House!

June 19th, 2015 at 02:21 pm

The closing on the house went just fine, other than a call from my realtor that the bank was asking for my account number again for the wire. So I sent her the information since the person who I sent it to before wasn't working today. Maybe that was the problem?

The wire came through not too long after closing. All funds as expected and I'm super glad I changed it to a wire rather than a check. Well worth the $20!

This afternoon I called to cancel our homeowners insurance. We will get a $21.98 refund. I guess by state law it needs to go back to the escrow account at our mortgage company. Then the mortgage company will mail us a check. Our current escrow is sitting at $2,017.01. I'm going to use some of this money to cover the renter insurance policy that is now due. It's only around $300 if I remember. We might get a little interest back too depending on which day the loan is actually paid.

It feels good to have that transaction done!! It feels odd to not own a home, but once we are in our rental house I may not care since we will at least be in a home. Smile

The Big Repair

June 18th, 2015 at 02:31 pm

I've mentioned we had a big repair to do on our home before we could close. The buyer found mold growing on the ceiling of our unfinished basement storage room on the same day they saw our home and made their offer. Once we accepted the offer they told us about the mold they saw and wanted to make sure we would remedy it. Sure no problem. If we had been aware we would have taken care of it prior to putting it on the market.

It seems the consensus is it resulted from construction materials that were likely left out in the rain too many times before being put on. One board would have it but the next one would not. It was a bit odd really.

The problems really started when the buyer requested to bring his mold guy in to look at. The buyer, mold guy, my agent and I all met just under a week after the offer. The mold guy talked about his method to mitigate which was to test the type of mold, to use a mold killing agent, a white paint to seal the wood. The mold guy also suggested drilling into the ceilings of our finished basement to see if the mold continued. The buyers biggest issue was to make sure the mold was mitigated before they occupied the space and that they wouldn't need to disclose it to their buyer when they sell.

The bid came in and was a bit vague about costs, particularly those that had to do with investigating further into the finished areas. We didn't want to go that far as it seemed unnecessary and over the top to be drilling for mold that wasn't likely there. If the buyers wanted that work then we suggested they pay for it, and could even witness and control how far they went and it could be done before we closed.

Let's just say our negotiations at some point came to a standstill. We couldn't get them to agree to anything we threw at them. Their agent wasn't communicating with our agent or the buyers. We were technically out of contract at one point because they didn't sign in time. We were out of contract for SIX days!!

What fixed everything was that we decided to call another mitigation company, Service Master. We knew we would need to get the work done if we were going to put it back on the market, which is where it seemed we were headed. We got someone to come out and bid the job the same day we called(a Friday). The price was within the limits we were willing to pay, in fact slightly less. The work could start on the following Tuesday be done on Wednesday. Then an air quality test was done on Friday. We had our results on Tuesday and the air quality was passing!

I guess I should back up a bit. Service Master's bid was to use a mold killer (hydrogen peroxide), then seal with a clear coat, steam clean the room, run air cleaning fans and run an air quality test. No drilling of holes in our drywall! Service Master was very confident in their method and felt it would pass the air test the first time. So we sent yet another proposal, that we would treat the mold per SM recommendations and provide a passing air quality test as soon as available. The buyers wanted us to state we would cover any additional treatments necessary. We agreed to state that because we felt so confident the first fix was all that was needed. And it was!

Looking back, the real problem was that the buyer seemed to want their hands in picking the mold person, although he did tell me any mold remediation company would be fine. I did at one point call to get other estimates including Service Master who said there would be a $250 fee. I thought at the time, I'm not paying more when I have one bid for free. The fee would have been taken off if we had the work done by them. The mold guy the buyer chose was nice, but wishy washy in his bid, his time frame and at one point seemed to indicate he couldn't even get to the work in time for closing. It just got bad in so many ways!

Really, if we are paying for any work on our home before closing we should also get to choose who we are having do the work. The first mold guy should never have come out and I think things could have gone a lot better. We did offer cash to have the buyers do the work, but of course that was a no because they didn't want the work done while they owned the home because they would have to disclose. Ethically, since they know about the mold I feel they should still have to disclose. My agent says no.

I also found out our state has no laws regarding how mold should be remediated, no air quality standards, and even the health department indicated black mold (which this was not) wasn't any big deal and could just be cleaned up with bleach! So interesting.

There are way more details and drama I could tell, but it's too exhausting. We did take care of the mold it was handled by a professional and it was done in time for our originally closing date last Friday.

Our cost for the mold remediation: $2,854.72. Yep, that's one big repair bill! We put it on our Citi card to earn the rewards. Today, I paid nearly all of it off, I sent in $2,714.14, which was the amount I saved up for the repair. I was just a little short. I will likely pay the rest tomorrow with the house proceeds. Smile

And the mold was the reason I left the AC running and set for 80 degrees when we left. I couldn't chance that the home would be getting too humid and cause another issue with mold. The cost has to have been minimal as the temperatures have been cooler there in the last week. The buyers did their walk through last night, and I haven't heard that anything was wrong so I expect closing to go super smooth tomorrow. Smile

Requesting a Wire

June 17th, 2015 at 05:14 pm

I decided today that the proceeds from our home sale needed to come by wire rather than an overnighted check. We're in an apartment temporarily and I figured FedEx would probably drop it at the office and then I would try to have to catch someone working to get the package. Too much to worry about. I also didn't like the idea of depositing such a large check into an ATM, or mailing the check to a branch since that is really our only option. Well, there is UPS deposit, but it isn't clear if there is a limit on the amount of the deposit. And I can't mobile deposit since the limit is $10K.

Turns out it should only be $20 to wire the funds and they will be in our account on Friday! That is less than having it overnighted by Fedex to our current location (at least that is what the realty company would charge). I was able to get the wire instructions right off the bank website and sent to the escrow service.

The escrow service also asked for our forwarding address to provide to our mortgage company. They will need it to send the excess of our escrow account and possibly any overage of interest paid. I'm looking forward to getting all this cash!

We will be debt free after I get the current credit card charges paid off...hopefully by the end of the month. Maybe before. I need to do some calculations so I'm clear where all the money is coming from and where it is going. I don't want to fritter away this equity money on things that weren't house related. Of course, I'll tell you all about that later!

We should also be getting reimbursed for our moving expenses. My husband is back to work, but hasn't had time yet to submit our travel expenses. That should be a chunk of change too. Smile

Closing News

June 15th, 2015 at 06:39 pm

We have already left our home and are now parked in a furnished rental apartment in our new southeastern town. Can I say it is terribly hot here? It is hot!!

We just heard that our house sale will close on Friday! This is just one week after our original planned date. Not too bad considering how late the buyer's lender received the purchase agreement and got started on their loan.

I'll update more later...just wanted to share the good news!

Appraisal Was Cancelled

June 5th, 2015 at 06:23 am

I mentioned Monday that we were having an appraisal done...finally! Unfortunately, we cleaned the house and were ready at the appointed one hour window. And a half hour after that window past I called to tell my realtor no one showed up. Our realtor discovered the buyers lender cancelled it. The lender needed someone to pay the expedited fee of $75. The buyer refused feeling it was their agents fault for not providing a purchase agreement in a timely manner. Then the lender couldn't get in touch with their agent to agree to the fee. So they cancelled it without notifying our agent. She knew nothing until I texted her about the no show on the appraiser.

Long story short (new phrase picked up from my agent), the appraisal is now this coming Monday! Three days AFTER the original agreement to have firm loan approval. Our original purchase contract was agreed on April 29!! We did all have a hard time coming to an agreement on repairs, so we were delayed for awhile there. In the end we needed to hire another company to do the work, which has been to our benefit so far as they were super prompt about doing the work and were more in line with the approach we wanted...thus we didn't have buyers doing excessive stuff we wouldn't agree to.

Other than the delayed loan everything is on track on our end. We have held up our end of the agreement. We will end up leaving way ahead of closing now as it was already scheduled with movers, my husband has to get back to work and we want to get our daughter to her first band practice! There may be documents ready to sign before we leave, but if not ready they will need to be mailed over night to us. Irritating, but not the end of the world.

Does anyone else have a story about a mortgage loan being delayed in the past? I know it happens. I would just love to hear one so I know I'm not the only one! Smile

New Citi Thank You Card

June 4th, 2015 at 01:12 pm

My husband's new Citi Thank You Premier card arrived in the mail today. What a package it comes in! I've included pictures, because my description would fail. It seemed to take forever for it to arrive. He applied on May 21.

A pretty large box! Those aren't our cards in there, but that is where they were. Smile

We plan to use the card to pay for our hotel, food and gas on our move east. These costs will be reimbursed, but it's nice to earn rewards on those costs. Our first living space is a furnished rental apartment for 30 days. We can pay for our rent on a credit card! This portion is not reimbursed(although I write that and think maybe 10 days is covered...need to check), but the reward of $500 after spending $3,000 will help reduce that initial housing cost.

We also have a rather large repair bill on this home that we will need to pay very soon. It may go on this card, too. I do have the cash, but some rewards along the way don't hurt. This card doesn't have the 0%, so putting the charges on this card will force me to use the cash I do have to pay it.

Onward...more things to do to get ready for the packers on Tuesday!

More Principal Than Interest

June 2nd, 2015 at 05:32 am

Our (hopefully) final mortgage payment on this home posted yesterday. After almost three years, our interest was less than the principal portion of the payment! A low interest rate (2.75%) and making extra principal payments has helped get us there.

Specifically the interest portion was $485.96, but the principal portion was $487.70. A difference of just $1.74, but I'm celebrating this fun milestone regardless!

Do you have a mortgage where the interest portion of your payment is less than the principal portion?

The reason I mentioned this should be our last payment on the mortgage is that we are nearly 100% sure we are delayed on closing by a week. All due to the incompetence of the buyer's agent.

Debt Free In June

June 1st, 2015 at 07:05 am

Closing on the house is scheduled for June 12. Since the lending process didn't start until Thursday (because of delay by the buyer's agent) it could get delayed. I would guess it will still get done by the end of the month. The appraisal is today.

Once the house closes, our mortgage will be paid in full! And we get a check. Smile I plan to settle up getting all of our bills and credit cards paid in full. We will be debt free again! And expect to be debt free for the next several years since we are renting.

We are still waiting for the Citi card we applied for. It seems it should be here any day now. I hope it comes before we move! We would like to use it to put some repair expenses on and the charge for the furnished apartment we are renting for 30 days.

I'm setting up an allotment from my husband's pay to our savings account at Navy Federal Credit Union. It's a requirement for our newest CD. The amount has no minimum and I have read some people just set one up for 2 cents. I figure I'd pick a little larger sum that will add up during the year. It will be $25 a month, so a total of $300 a year.

We are still working on using up food in our pantry and fridge. The freezer is pretty much empty except for a loaf of bread, a partial bag of fruit and a container of crushed tomatoes. I plan to make a soup today for dinner which will use up some lentils and the crushed tomatoes. I have some bananas to make banana bread that my daughter can take to her early morning library club on Wednesday. I can see several things being tossed unfortunately (think rarely used seasonings and oils). And why is it that the pasta and the pasta sauce can't be used up at the same rate. We have this same problem with salsa and chips, too!

Will anyone else find themselves debt free in June or finishing a debt paid off in June? Are you using up food in your pantry, fridge or freezer this month?

January Citi Balance Paid Off!

May 26th, 2015 at 05:49 pm

We began the year with a balance of $686.27 on our Citi card. Luckily it has been at zero percent interest. My goal was to use extra funds/snowflakes to pay it off. After some recent Facebook sales, I had the money to make the final payment on this portion of our Citi credit card debt which was $47.20.

I used the extra money earned from these Facebook sales to pay $10.80 on my oldest daughter's glasses which were also charged on the Citi card. I know only need to pay $12.80 to have those paid in full.

And yes, there is still a balance on our Citi card from more recent purchases which I will write a post about at another time.

Facebook Sales

May 25th, 2015 at 06:47 pm

For the first time I have sold some of our household items on Facebook! I made $33 selling a patio umbrella with stand, a leaf blower and a push broom. It appears I have another possible sale tomorrow night that should net another $10 for a dresser.

The cash from all these sales should get the balance on the Citi card from January finally paid off. Smile

Selling on Facebook is still just as difficult as selling on Craigslist. People are still flakes about committing to an item. Don't say 'interested' if you don't at the same time tell me when you might want to pick it up!

I've given myself a limit of a week to get some of these items sold. If the items do not sell, I expect to donate or possibly trash the items. I don't want to move things I don't want anymore!!

Do you have any tips for getting people to commit with Facebook sales?

I Should, But I Didn't

May 18th, 2015 at 05:49 am

I have just over $1000 from this past payday that I should have sent in to our Citi credit card balance. It would have brought the balance to around $500. But I didn't do it.

We have a rather large repair coming up on the home before we can close on our home. It was definitely unexpected on this new home, but it may cost us $1500 to $2000. And I'm not sure they take credit cards. So in an effort to have enough cash on hand that I don't have to move from another account I'm holding on to this cash.

I'd really, really like to pay it on the credit card, and maybe I still will.

Husband Sees Credit Card Statement and Says...

May 13th, 2015 at 06:25 am

My husband mentioned the other day he wants to see the account balances when he returns home (just days away now). Our Citi credit card statement just closed and was about $500 more than the last balance I was aware of. Some of it is my spending, but most was my husband. And yes a little bit is even from last month.

So this morning I sent him a PDF of the statement. I just said he could add up his own spending portion and left it at that. I didn't even add it up myself because what is spent is spent.

His response was 'Ugh. It's like an intervention. I'm trying to reduce my spending.' And I literally laughed out loud. I had no idea that just sending him one credit card statement would be considered an intervention! Smile

He did just buy new running shoes for over $130. He runs nearly 5 miles a day, so they wear out pretty fast. I did encourage him to buy them when he said his feet hurt. We don't need foot or knee problems to deal with. Of course, he didn't have the coupons I have here at home, and he did throw on three more t shirts for $9 each. I think if he can get his eating out under control it would be good.

So now he knows. The more one knows the better one can do...at least let's hope!

Mother's Day & More

May 7th, 2015 at 06:01 am

I purchased four Mother's day cards the other day. I paid about eight dollars at Hallmark. I wish I had looked for a coupon before, but I didn't know I would be even buying cards. Most of the cards were $.99, but the one for my sister was more...it's her first Mother's Day with her foster daughter (who they are planning to adopt). I wanted to acknowledge it with a card.

I think last year I actually skipped Mother's Day gifts. This year my mother will be at our home. I purchased her a scarf and a bottle of Mrs. Meyer's hand soap (which darn I had a coupon for!) The scarf was $9.99 at JC Penney's. I had a $10 off a $10 purchase, so I found a pair of $2 baby socks and my purchase was $2.13 after the coupon. I will donate the socks. Smile

I instructed my husband to buy his mother a card. If he's deployed it is find if I send the card, but he does need to sign if he is in the states. I texted him her address, too. He told me last night he may just call her that day instead. And I'm sure she would like that just as much. It feels good to delegate some tasks.

I received two deposits into my PayPal account yesterday: $15 from Pinecone and $5.10 from Ebates. That means $20.10 I can send off to the Citi card to pay down some more beginning of the year debt.

Not sure I mentioned this, but I found a dress to wear to graduation and possibly a wedding. It was marked $38 at Kohl's. I had another item for $13, but also a $10 off a $50 purchase. So two items for about $43 with tax. I do now need shoes. I think I can get quite a bit of use out of the dress.

Do you a mother to buy for? Are you giving her a gift of any kind?

Less Citi Debt

May 5th, 2015 at 05:29 am

The original balance on our Citi card is now lower. I sent in $20.52, which was the difference between our actual water/sewer/trash bill and what I usually budget. It sure helps to have one less person taking showers!

The new balance from the original debt is $90.35! I actually think I can get this paid off this month with snowflakes. Smile

Credit Card Debt Balance

May 3rd, 2015 at 08:16 am

I've mentioned we have credit card debt that is rolling over month to month, with no interest accruing thankfully. I have always been able to pay it off, but since I'm not a fan of using savings, I'd rather just cash flow it when the interest is 0%.

Our debt has been as high as $3,000 at different points in time this year. Yesterday I made a payment of $910.75 and our new balance is now $1136.45. Of that amount $110.87 is from our original balance. $120 is the remaining balance of my daughter's new glasses. The rest is just overspending as far as I can tell.

Yesterday's payment did include snowflakes, 52 Week Savings money I'm applying to the glasses balance, and extra money because there will fewer flute lessons in the next two weeks.

I'll be sure to tell you when we are back to a point of just paying off our current spending. That is where I would much rather be. It feels like that could be months away! Frown

Paid Debt

April 28th, 2015 at 08:30 am

I've mentioned a few times how we are spending plenty of money. We've been putting it on credit cards to earn rewards and help with cash flow a bit. Today I paid off over $650 for hotel costs, and $340 airline ticket. I used savings to pay these off. Eventually, I'll pay ourselves back. It just might be a bit and I'm glad it is there for these unknown kind of situations. I also paid some other charges accumulated in the last two weeks with current paycheck funds to the tune of over $600.

We earned $31.72 in Discover Cash Back rewards. I requested a credit to our balance, but then used the money I would have paid on Discover to pay to the Citi card 2015 beginning balance . I also had $40 in Amex rewards for those Amazon purchases (I thought ahead and bought gifts for my daughter's July birthday!). Between those two rewards, I reduced our beginning Citi balance from $212.59 to $140.87. Progress!

So I'm down to $20 for the next two days. And then payday. I will then pay off some more debt! It feels good to get some of those balances to zero. Smile

Made A One Cent Payment

April 24th, 2015 at 12:13 pm

First some home news. Our radon levels on the house came back lower than the amount that would have required us to pay for mitigation. This means we don't have to pay a $600 bill to have that kind of work done. That makes me happy!

We did have to have a roofer out AGAIN to fix a leak (same issue we had in the past). He said he's 99% sure that the problem has been corrected. Gee I hope so. That cost was $85. This was in our original disclosure, and this new issue is being disclosed as well. Buyers inspection is Monday. We may have a possible drywall repair, which I'm fine with...but of course not happy about. It's a pretty new home!

I have a penny in our US Bank Checking account. Since I want to close that account, I made a $0.01 payment from the checking account to the US Bank Visa. This seemed easier than have a check cut for a penny (not sure if they would even do that).

I have confirmed that future deposits of my husband's pay have been cancelled as I requested. Next step is to request cancellation of the actual account. I'm hoping a simple email will do it, but US Bank isn't exactly easy to work with online from a customer service stand point.

Have you ever made such a small payment to a credit card? Do you know about Radon Gas?

Snowflakes & Extra Money

April 22nd, 2015 at 07:06 pm

I accumulated $100 in snowflakes this week. I received those Target gift cards (total $75) in the mail this week from Citi Thank You Rewads. I have already used more than $50! The other one will get used up next time I get groceries, probably Sunday. I also redeemed $25 from Swagbucks with has been deposited into my PayPal account.

The girls flute teacher is not giving lessons next week, so that saves me $40. I figure this is money usually spent so I'm sending it in with the $100 to the Citi Thank You card balance. I'm considering it applied to the money we spent on my oldest daughter's glasses and charged to this card. The glasses were originally $354, but I now have those paid down to $237. There were other payments already applied to those previous to this one. I expect to pay another $117 on May 1 toward that portion of the Citi card balance, leaving just $120.

The original balance on January 1 for the Citi card was $686.27, with all the snowflakes applied to that portion recently the balance is now at $212.59! I really hope to have this paid off before we move. Smile

I can't wait to get some of this stuff paid off. I probably could be doing it much faster under normal circumstances, but there has been a lot of outflow recently of cash for home repairs, hotels and airline tickets. It is what it is. It will all balance out eventually. And the debt will all get paid off. I'm just glad we aren't paying any interest!

I do have some other sources of snowflakes on the horizon, so I'll have more to report in a couple days!


April 19th, 2015 at 05:38 am

My dad has been getting creative with his numbers in the past for birthday's giving us $100.40 to represent our fortieth year. My parents have gifted us every year for our anniversary also. It has almost always been $100. This year the check was written for $119.19 for our 19th wedding anniversary. He's getting a little more generous!

Our anniversary was last Sunday. We were actually together that day. It didn't really feel to special as we were looking a rental properties in our new state. But we were together and that always feels better!

The check was given to us just before my trip to the east. I tucked it into a drawer knowing we would be having showings for our home. Until last night I had completely forgotten about it which I knew was a possibility when I did it. Luckily, I happened upon it last night. I will deposit it this morning.

For the sake of simplicity and to make some more debt payoff progress I'm counting it as a snowflake. It will further reduce the debt we have on the Citi card, which is a good thing. The beginning balance on the card was $686.27. This snowflake will bring beginning year balance to $337.59.

What do you think of my dad's creativity with his gift?

About the Second Offer

April 16th, 2015 at 08:28 am

The second offer that came in Tuesday morning as we were preparing our first counter offer was interesting. It was a full price offer, asking for $2500 in closing costs. However, the buyer wanted it contingent on the sale of their home which had not even been listed. They indicated it would be listed by May 1 and requested a July 15 closing date. Our realtor didn't like that they weren't yet really in a position to sell. I do like their closing date, although really much farther out then we were looking for. It would have meant longer time away from my husband by another month.

The first offer already has a solid pending offer on the sale of their home which they close on May 28. This was the date they wanted for closing but did then change it to June 8 when we indicated our daughter didn't even finish school until June 5. We then countered back with a June 12 closing.

I think the buyers got a little nervous hearing another offer was coming in and agreed easily to our June 12 closing in order to secure the home. It sounds like the couple has four young kids. They will definitely fit into this neighborhood well as they are many young children around us.

So there was no bidding war exactly, but all potential buyers were notified that offers were coming in and given a chance to produce one. Which did prompt the second offer. While the offer was good or maybe slightly better financially, it wasn't as solid as the offer from the buyers that already have a pending sale on their home.

We are very happy with the outcome. The only caveat our agent mentioned was that at full price and a recent sale down the street we could have an appraisal issue. The comparable on our street sold for $260K is the exact floor plan as ours except they have a sunroom addition. Our home has sold for $255K. We priced it at $255K expecting some negotiation and more likely to land at $250K. Of course, I'm thrilled with an extra $5K! Fingers crossed it can appraise at that value. Smile

Time to pay bills!

Counter Offer Accepted

April 14th, 2015 at 05:36 pm

Our counter offer which basically changed the date was accepted. It did seem to help that we found we had another offer coming in at the same time that we were sending the counter over to the buyers. We made sure to let them know. Smile It was a fair offer too but in the end they were too late.

It feels good to have that piece hashed out. Next up are the radon test, home and pest inspections. We expect them to go well as the home is pretty new yet.

We did get full price, paying $2500 in closing costs for the buyer, leaving our new fridge, and paying $300 towards carpet cleaning. If the radon test comes in high we will pay around $600 to mitigate. The house is pre-plumbed for this. Our realtor sold nearly all the homes in this subdivision for the builder and has only had one come back high after being pre-plumbed, so the chances are slim we will need to pay. We also did a self test in January where the test came back under the limit that is considered hazardous. The closing date is currently June 12.

More later!!

<< Newer EntriesOlder Entries >>