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Archive for the Tag 'Debt'

An Update

Hello again. Didn’t mean to be away for so long, but I guess that happens sometimes (to me, anyway)…

I am still pregnant (hurrah!) and due in April.

Let’s just get into some Q&A, shall we?

When did you get over your miscarriage fears and start telling people about the baby?
Probably too soon. I started feeling more confident around Week 7, and that’s when we started telling close friends and family. I told some more friends after my 10 week appointment when we heard the heartbeat and saw an ultrasound. My work found out at almost 12 weeks.

I say this is probably too soon because it’s become apparent to me that people do have miscarriages even after 11 weeks or so. My sister was pregnant and due a few weeks after me, but miscarried at 7 weeks, so it has been a sad/awkward, especially since many people heard about both pregnancies at the same time.

How did you stop drinking so much Coke Zero?
This was actually pretty easy. It disgusts me now. I occasionally drink one now, but when I was having morning sickness, that is the last thing I wanted to drink.

So you are having morning sickness?
God, yes, and it’s terrible. I hoped I wouldn’t be one of those people who complained about pregnancy when there are so many who would kill to be able to get pregnant, but I am. I had all-day morning sickness starting in Week 6 and ending just recently, though I still have problems once in a while (yesterday, you might have seen me driving down the highway while puking in a airline sickness bag - attractive). I have taken several kind of medications for it, and I’m glad it’s gone (stay away!). I have also had a cold and possibly the flu, which was lovely.

What have you been doing the past two months, besides puking?
Basically nothing. Sitting on the couch and watching TV. Which is why I’m really excited that the Apartment Therapy Spring Cure starts this week, now that I have the energy to do it! Plus my house is like a toxic dump.

Is it a boy or a girl?
I don’t know yet, but you can bet you’re sweet ass I’ll be finding out next month.

Do you want a boy or a girl?
I want a baby with a small head. A girl would be nice, but I’ll take a boy too (sorry future son).

Do you have any names picked out?
I do, but my husband hates them. And I hate his. So we are waiting until we know the gender of the baby before we revisit this topic.

Is the basement finished yet?
No, it’s not, but it’s getting there. We should be ready to put in the floor pretty soon, which means we’ll be able to move the office down there so we can start getting the nursery ready.

Is the basement more expensive than you thought it would be?
Um, yes. I think we’ll end up having spent around $10,000.

But you’re still making extra debt payments, right?
Full disclosure: No, we’re not. We stopped a few months ago in order to cover the remaining cost of the basement project. We are also hiring a lawyer to legalize our current custody/child support arrangements, which is going to be about another $2,000. I’m hoping we will be able to start our full extra payments again in January.

What about the cost of baby?
I’ve begun stocking up on diapers and wipes, and am planning on using some of our new extra cash flow to cover the cost of furniture, car seats and other major expenses. The kicker, of course, is daycare. I’m not sure if we’ll be able to pay the entire cost of daycare without reducing our $2,000 monthly extra debt payment. Luckily, my stepson will not have daycare costs when the baby is born because he’ll be entering 6th grade. So that saves us about $300/month, but daycare for a baby is probably at least $600/month. We’ll see.


Well, that’s my update! I have another doctor’s appointment tomorrow morning, so hopefully things will go as well as the last one!

2 responses so far

My Sister Signed Up!

Got an email from my sister today, and she signed up for Financial Peace University.

Actually, she said “we signed up,” so I’m hoping that means her husband is going to go too.

She found a church closer to their apartment that’s offering the class, so they signed up for that one instead of the one at my parents’ church - probably a good idea, and maybe one that helped get her husband to play along.

She did mention that she needs some help paying for it, so I’m thinking about offering $50 (half the cost). If my dad pays the whole amount for some reason, I’ll just tell her to use the extra $50 to help get caught up on the bills.

I hope FPU works for them!

3 responses so far

What I Really Want for My Birthday is for My Sister to Sign Up for Financial Peace University

I can’t believe I am becoming the person that calls my sister at 9:30 on a Monday night to bug her about signing up for Financial Peace University. I’ve always been a pretty hands-off type of person. I figure, if someone wants my advice, they’ll ask for it.

But that’s getting harder and harder for me.

A few weeks ago, I found out my 24-year-old, recently married sister has $30,000 in credit card debt. About $10,000 is hers, and $20,000 is her husband’s. She also has a deferred student loan payment of about $150/month, and her husband’s deferred student loan payment is over $500/month (WTF? I went to a more expensive school and my payments were only $122/month!).

Apparently, my brother-in-law hasn’t been paying his bills and gets collection calls daily. My sister wasn’t even aware he had any credit card debt until after they got married (”Well, did you ask him?” “Well, no.”). Apparently, my dad (remember, the guy with lots of debt himself and an untreated termite problem?) has been paying my sister’s $200-$300/month credit card payment, cell phone bill and who knows what else.

Needless to say, I’m worried. And I told her so last week, after I saw that my parents’ church was going to be offering Dave Ramsey’s Financial Peace University classes. I asked if she was going, and she said she might, but that she didn’t think her husband would be able to go because of his work schedule.

Apparently, they’ve met with the minister before about their financial problems, and he’s referred them to a financial advisor. I told her there’s no way I would pay a financial advisor to help me get out of debt, and she said that she’s looking into free options for people with low incomes and a lot of debt. “Those are credit counselors,” I said, “and you don’t want to go to one of those either - they’ll ruin your credit score.”

Then she mentioned she’d also been considering getting some paperwork together and seeing a lawyer about the possibility of bankruptcy. Needless to say, this nearly made my head explode.

“You are not bankrupt!”

I told her she really, really needed to go to Financial Peace University.

Then tonight, I called her to see if she had signed up yet. And to tell her that what I really wanted them to go - as my birthday present. That I would even help pay for it (apparently my dad has already offered to pay as well).

But her husband doesn’t want to go to any “classes” or “seminars.” Oh, he’ll go to credit counseling or file for bankruptcy, but he doesn’t want to give up one of his nights off work to attend some class at church.

“So go by yourself,” I told her. “Or tell him to come with you to the first class, and if he doesn’t like it, he doesn’t have to come back.”

I think I convinced her to sign up. But I’m sure it’s probably going to lead to a fight with her husband.

But you know what? I’m also becoming the type of person that doesn’t care.

5 responses so far

A Year in Review



As 2008 comes to a close, I’d like to share the progress we’ve made on our goals to get out of debt and change careers.

We started the year with $3,479 in low-interest credit card debt, $6,623 in car loans, $14,401 in student loans, $35,179 on our second mortgage and $139,604 on our first mortgage. Our goal was to pay off everything but the first and second mortgages, and we did! In total, we paid off $26,951 in debt this year with an income of approximately $105,000 before taxes. In 2007, we paid off $22,100 in debt, so that’s a slight increase.

I feel we could have done even better had we not had a multitude of home repairs throughout the year (sump pump replacement: $172, heat pump replacement: $3,467, hot water heater replacement: $647, exterior house painting: $2,992, termite treatment: $650).

Our goal for 2009 is to pay off our second mortgage, which currently has a balance of $34,806. We’re already $1,812 closer to that goal due to the remainder of my $5,000 Christmas bonus that is currently sitting in our emergency fund. Since there’s a possibility my husband will be laid off in the first quarter, we’ll be directing our extra debt payments into savings until the layoffs occur, then transfer that money to our second mortgage once we’re (hopefully) in the clear. While my husband would like a new career, we’d prefer to wait until after our debt is paid off (note to husband’s company: could you please pencil in some fat voluntary separation packages for 2012?)!

We’re also trying to get pregnant this year and limit our baby expenses to what’s available in our current budget. Additionally, my husband has the goal of finishing our basement himself for $3,000-$4,000, which we are budgeting $150 per paycheck toward beginning in January.

On a personal note, I’d like to thank everyone for reading this blog. When I started writing in February, I wasn’t sure anyone would be interested in the thoughts of an anonymous office drone with big dreams, but I’ve been pleasantly surprised.

Happy New Year.

7 responses so far

I’m Finally Out of Credit Card Debt!!!!!!!



Nearly 10 years after getting my first credit card as a freshman in college, I’ve paid off my last balance.

Although I had my Citibank card locked in at 2.99% for life, it is still a great feeling to be done with it!

Last night we went to Buffalo Wild Wings to celebrate. Now, it’s on to the student loans!

In other news, I got a 8% raise today (yea!)

Photo Credit: Buffalo Wild Wings by Keegan Jones, used under Creative Commons licensing

18 responses so far

Search Craigslist’s Wanted Section for ‘Accidental’ Snowflakes


I am $15 closer to being out of debt after reading the “wanted” postings on Craigslist.

Although I’ve been selling things on Craigslist, there are some things I hadn’t gotten around to posting, had forgotten about or didn’t think anyone would want.

But then I started reading the wanted listings, and have had a wanted item almost every day.

Day 1: TV Rabbit Ears - $10 (I have some in the basement that I didn’t think anyone would be interested in)
Day 2: Baseball Tee for 2-Year-Old (I have one in the garage that is no longer used)
Day 3: Plastic step stools for potty-training (I have two, but didn’t think they were worth listing)

I emailed each of them with a picture of my item, the price and the parts of town I’d be willing to meet in and waited to hear back.

Although the TV rabbit ear guy had already found one by the time I emailed him, and the potty step stool lady never emailed me back, I made $15 by selling the baseball tee. Hooray!

I am kicking ass on the whole snowflaking thing this week. Here are the snowflakes I’ve applied toward my credit card balance since Friday:

$10 - Decided not to subscribe to Money, despite the awesome senior citizen offer (?) I got in the mail
$30 - Sold a fireplace screen on Craigslist
$15 - The baseball tee
$5.18 - Surprise! The Neutrogena bodywash I bought at CVS is going to be reimbursed under my health care FSA since it treats acne

Not big amounts, but everything helps! I’ll definitely be scouring Craigslist’s wanted section daily…

(This post was included in the Carnival of Snowflakes, hosted at How I Save Money.)

Photo Credit: Wanted - House Clearances - Single Items and Antiques - For Cash… by hugovk, used under Creative Commons licensing

2 responses so far

Snowflaking on the Side

I know I’ve already mentioned this once, but I just have to point out Antishay’s great series on Building a Snowflake Business.

This is really helpful for me since I don’t have the hours for a part-time job, haven’t been getting large bonuses/raises at work lately and have cut the budget as much as I plan to (for now).

I’m planning to post some things for sale on Craigslist tonight, then get started on implementing Shanti’s ideas for snowflake businesses.  There are a lot of areas I have training and expertise in (writing, graphic design, piano, etc.), but always seem to lack the confidence to get out there and try to make money with them.  But I think getting out of debt is worth it!

Photo Credit: Dog Day Morning by DWinton, used under Creative Commons licensing

One response so far

Snowflaking Has Its Own Carnival

Snowflaking, the popular concept of throwing all your extra little bits of money toward your debts, has quickly snowballed into its own website and carnival. Check out the first edition of the Carnival of Snowflakes, hosted by paidtwice, snowflaker extraordinaire!

The submissions include lots of practical advice and suggestions for coming up with extra snowflakes (even pennies!)

As for me, I’m trying to come up with a more systematic way to handle snowflaking. I currently snowflake all my bonus income and other “surprise” checks, but tend to re-absorb other savings back into my checking account. After reading all these submissions, I’m ready to go sell some more stuff on Craigslist, hawk off my old gold jewelry and teach Italian (not that I speak Italian, but that’s beside the point!).

Photo Credit: snowflake by Pesky Library, used under Creative Commons licensing

3 responses so far

My Credit Card Debt: An Example of Reverse Snowflaking

Snowflaking your debts can sometimes seem like a never-ending fool’s game of pennies and nickels, but stop for a minute and consider how you acquired your debt in the first place.

Chances are, you employed reverse snowflaking.

That’s right - reverse snowflaking. Many people with credit card debt (myself included) can’t really recall what they spent all that money on. Unlike a mortgage, student loan or car loan, there’s often nothing to show for your oversize credit card statement. That’s because you acquired the debt slowly…little by little.

Take my current credit card balance: $2,300. The last thing I remember was being in college and…I forget the rest. What did I spend the money on? I don’t know - probably a restaurant meal here, a trip to the mall there - maybe a few months’ rent.

It’s not really important. I’ve stopped the problem behavior (using credit) and started paying the money back little by little - the same way I spent it.

Don’t be frustrated if you’re not seeing your balances go down a thousand dollars at a time. Just know that someday, you’ll be out of debt and unable to remember all the little things you sacrificed along the way.

(This post was included in the Carnival of Snowflakes, hosted by paidtwice.)

Photo Credit: Blue Snowflake, Post-Print by Blue Sky, used under Creative Commons licensing

3 responses so far

Shrinking Debt, Shrinking Waist?

So far, my debt-reduction efforts have been leading to weight gain, not weight loss. After all, sitting in front of a computer for hours and not buying salads because they’re more expensive than burgers does not a thin person make.

I weighed myself on Monday and I’m at my highest weight ever - 143 pounds. Yeah, “boo hoo, tall girl!” - but I am seriously unhealthy.

Much like a person in debt, I possess the outward appearance of success - relatively thin, little beer belly carefully hidden by my empire-waist top, skinny arms and legs - but pinch me, and you’ll see that it’s all flab. Not to mention that I’m inflexible, haven’t tried to run a mile since high school and get sore from bowling.

Like getting out of debt, I figure that the first step to losing weight (beyond recognizing there’s a problem) is to stop digging (or expanding, as the case may be). This means that for the first time in my life, I’ve got to stop eating whatever I want. No more “get fat now, plan on getting skinny again later.” No more quarter pounder meals from McDonald’s. No more drinking regular Coke.

Just like a trust fund baby that’s suddenly been cut off from the ‘rents, I’ve got to come to terms with my slowing metabolism.

Step 1: Consume 1,616 calories or less per day to be on pace to lose 1 pound per week…

(This post was included in the Carnival of Debt Reduction, hosted at No Debt Plan.)

Photo Credit: Day 103 (Curves!) by verymissberry, used under Creative Commons licensing

13 responses so far

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