You are viewing: Main Page

First big debt free purchase!!!

March 8th, 2010 at 02:12 pm

We did it!! We did it!!....our first big debt free purchase.

We bought me a newer snowmobile. We paid $4280 he wanted $4,500. We also had another $400 for the taxes.

Boy, it's hard for me to find the words to describe the feelings around all this

Text is and Link is
. But I know some of you already know and many of you will know in time.

Here is me on my new snowmobile

Week by Week

February 1st, 2010 at 04:39 am

Just thought I would share how we do our money week by week.

Every Friday when my dh gets paid I take out $400 for that week. We start our week on Friday, because we like to have lots of money to spend on the weekend then scrimp during the week. AND when that money is gone, we only take more money out if we really really really need something. I know this might not be strict enough for most but it has got us out of debt .


January 30th, 2010 at 08:58 pm

We are *DEBT FREE as of this morning. I paid the last $1,000 just hours ago. Who would have thought two years ago this girl would ever be standing here. AND it all started with one little computer click of "Living beneath your means", and the adventure had began.

Now we are going to get me a newer snowmobile. Our income tax return will be $2,500 and next month we will have another $2,000 from my paycheck to go with it. Crossfire here I come.

Then we will start putting $500 away every month to take everyone to Disneyland or Disney words. It will only take two years and we will have $12,000 to help take everyone the see M I C K E Y M O U S E.

AND I know One Day at a Time, we will never be in debt again because this last two years have taught us tons.

*Except our house. Which we owe under $55,000 on, with an interest rate of 4.78%. We will start paying a little extra each month on it.

It's been a year, since my last post.

December 29th, 2009 at 05:15 pm

Just in case you might like to know what's happened with me and my Living Beneath my Means money adventure....Here Goes....

Here are the bills we had when I started my journey

-$11,000 CC at 0%interest for next 10 months with large possibility of keeping it 0% until paid off

-$18,000 car loan at 6.99% (paid $100 in interest this month and last month)

-$8,000 car loan at 6.24% (paid $50 in interest this month and last month)

New money stuff

-$3,500 for new hearing aides (also paid off during my year away.

-$1,000 to our son to help with wedding

For a grand total of $41,500 plus lots of interest.

OK where are we now (medium size drum roll please) We are now almost completely debt free (except our house which we will work on next). Everything is paid off except the last $1,000 dollars on the 0% interest CC. And that will be paid off by Febuary if not sooner.

Soooooooooooo, I figure we have paid off about $50,000 including interest in just under two years. AND we still lived pretty good during that time.

Feeling Good No Matter What!!

December 8th, 2008 at 12:52 pm

It's really important for me to "Feel Good in almost all situations No Matter What"

But I find it really hard to feel good when I feel I might have wasted money or been taken advantage of where money is concerned. However, feeling bad has never helped just causes disease inside me.

So I thought I would write about it to help me feel better....

I took my DM to the car testing place to get her car tested and it did not pass.

Thus, I offered to get it fixed for her because her income is very limited. As we were having a bite to eat waiting for the car to get fixed. She mentions my brother called her and said be sure you run the heck out of the car before getting it tested and that maybe it would have passed if we had done that.

Okay you all get how that might have hit me like a ton of bricks!!! And I couldn't get mad at my mom because she felt bad enough as it was.

This all cost me just under 200 dollars of possibly wasted money. Money that I might still have if she would have just share with me what my brother said???

But letting this bother me only hurts me and my health. And in the scheme of things this is not a biggie...I keep reminding myself.

Oh Well and the Bottom Line!

August 23rd, 2008 at 02:20 pm

For me, itís important to have a bottom line. A bottom line keeps things in perspective. This is what guarantees the ďAnd Loving it part of my journey.

The bottom line for me is do not charge. Anything other than that is just ďOh Wellď. This kind of thinking keeps a smile on my face no matter what happens. Some Oh Wells that I have faced recently are:

Washer repairs (Oh Well)
Chimney repairs when I thought it only need cleaned. (Oh well)

Little truck car repairs. (Oh Well)
Couldn't put any extra on the focus loan (Oh Well)
Had to use part of our EF (Oh Well)

Because of having established a bottom line itís easier to say Oh Well.

Do you have a bottom line in your money journey?

Getting my DH on Board

August 10th, 2008 at 01:33 pm

I have tried for ever to get my DH to help me with the finances, but it just does not seem to be his thing.

Pre starting my "Living Beneath our Means and Loving it Journey",my DH would use his credit card for lunch every day. Since I have started us on this journey, he has only used it a handful of he is NOT fighting me. He just does not seem to want to live it and breath it, with me.....LOL....But then on the other hand maybe I should not live it and breath it quite so much. lol

BUT I think I have found a trick that has brought him on board. A few weeks ago I started putting up on the fridge a running tally of where I was spending his weekly check. This weeks Looked like this

$687 Week of 8-1
-87 snowmobile account
$600 left
-30 DH's allowance
-25 Wife lunch with sis
$545 left
-21 wiper blades little truck
-38 little truck gas
111 walmart groc + round up
-20 cash 10 adams birthday
-42 big truck gas +ice
$258 left
-10 adj ( not sure what happen Smile
$248 left
-20 lake cruise tickets
-25 stevia order
$203 left
- 60 grand daughter school clothes
-17 wife walkman
-25 deer tag
$101 left
-17 grand daughter toy/flowers for wife
$ 86 left

This system has brought him on board...I just heard him the other day talking to DSIL about how he and DD might want to do it. The down side to this is he sometimes now........questions one of my expenditure. lol

Control Issues (Mine)

August 6th, 2008 at 02:13 pm

I have noticed I have control issues. I sometimes use "my getting the money in order" as an excuse to control my dh. He's not big on taking care of the money, he's happy to let me make most of the decisions. But once in a while he has opinions about what should be done with the money and I find myself fibbing

and making excuses as to why we have to do it my way. I have heard admitting something is half the battle and at least I'm will to admit I have control issues.

Just thoughts!

August 1st, 2008 at 04:23 pm

I have never felt like I feel now about money. Everything about money use to have me tied in knots.

I think money caused most of my achy body too. Since starting my Living Beneath my Means journey most of my body aches have miraculously disappeared.

I use to think I would end up using a walker by the time I was 65 and that was only 10 years away. Now I feel like I could dance all night every night until I'm at least 100.

We seem to have tons of money. I am certainly revelling in all this. I feel better now then when we had refinanced our house 5 years ago and took out a few Thousand to play with.

Paid off our truck!!!

July 31st, 2008 at 07:27 pm

We paid off our first focus loan this morning. That's a little over $8000 in 6 months, Who would have thought, not this girl.(Boy am I dancing the hurray I'm on my way to being debt free dance)

The most exciting part is now we can put atleast $1000 a month on my car. It's the bigger of the two that are feft but it's at almost 7% interest and the smaller one is at 0% interest.

We will be saving tons of interest because for every regular payment $100 still goes to interest. This is so much fun. And we can still afford to get everything we need and tons of things we really really really want.

We aren't going exactly gazelle intensity more like giraffe intensity.

The loan we paid off was our truck and beings it now owned by us we can get the full coverage taken off it and save even more money.

Bought new lawn mower paid cash!!

July 29th, 2008 at 01:26 am

Our lawn mower went out a few weeks ago, and we have been using my daughters while I researched what to get.

We have gone through two high end self propelled mowers in the last 6 years. With that in mind, as I researched many articles said the manual machines had much less breaking down. Being I'm also into exercise....I can consider mowing with a manual machine one of my upper body workouts for the week.

So today I bit the bullet and got a new machine, I had also looked at used machines but that did not seem like the "inspired action" (I'm very
into "inspired action") so I went new. Being we had the money in our EF. (yah for EFs) I spend $217 with tax got a Troy Built with a big engine. My research also said get a big engine. I loooooooove mowing. I'm sure me and my baby will spend tons of content hours mowing together. Here is my little machine.

Went out to lunch

July 27th, 2008 at 03:02 pm

We went out to lunch yesterday. I wanted nachos. I don't eat that kind of food often, so if I was going to indulge I wanted great nachos. Hence I went to the last place I had great nachos....They had quite serving nachos, but they had something close so I ordered it. We had an OK lunch.

We will not be going out to lunch again anytime soon. We don't go out to lunch often and now I remember why; It's a waste of money. Boy have I changed. We use to go out all the time in our last life.

I don't feel quilty because we make good money and can aford to go out to eat if we want. I just feel like I wasted $32 that could have been spent in a more fun way. I could make a list of other things I would rather have done.

The craziest part is I just waited two weeks for my DH's paycheck to come so we could buy a new tubing tube.

Then turned around and wasted half the price of the tube again on going out to lunch, which was good but not that good.

Oh well not a big deal. And it cool to see how much we have changed, since we became. Living beneath our means fiends.

Also I just started keeping a running tally on the fridge of where my DH weekly check goes, so I will have to look at the silly $32 we threw away at going out to lunch.

Giraffe NOT Gazelle Intensity, for me

July 23rd, 2008 at 02:02 pm

We have been doing DR for a few months now, and I find that when I listen to him I have to run it through "my truth o meter" before deciding what is right for me. In the beginning I needed to take what he said as gosple because "my truth o meter" in regards to money was broken......but now it's not. So I still love DR and agree with tons of what he says but not least for my situation.

DR "strongly" suggests everyone pay off there debt at what he calls "gazelle" intensity. And we all know gazelles are really, really, really fast. In the beginning, I was obsessed (using gazelle or at least deer intensity) with paying off our first focus loan and I think that was a good choice for me and I will continue that until that loan is gone, which will be very soon. But after that I will side step from one of DR's golden rules

DR has what he calls baby steps, baby step 1 is to get a $1000 emergency fund, which we have accomplished. Baby step 2 is to pay off debt at "gazelle" speed which I agree with to a degree. Baby step 3 is to increase the emergency fund to cover at least 3 months expenses. This is where I will be side stepping. After we pay off the first debt we will start using any extra money we have to up our emergency fund to about $3000. I am doing this because it feels like a better choice for me. (And I have learned in the past to always go with my gut feelings) Then we will return to using "giraffe" intensity to pay off our other two loans.

DR also "strongly" suggests supending your retirement contributions to use in paying off your debt. I don't agree with this in my situation. I'm 54 and even thought I love my job and I mean LOOOOOOOOOVE my job, I still will want to retire some day. Furthermore, I believe with the market down right now I would be stupid to not take advantage of buying at such cheap prices.

Immediate Money Goals

July 10th, 2008 at 05:37 pm

Things are going spectacular..just got back from our non-scrimping camping trip that we had more than enough to pay cash for.

So now we're back and focusing on living below our means again so I can pay $350 plus $100 *daycare for the **class I'm taking next week without using our EF. I know we can do this we just need to only buy that which we really need this week and next.

Right now we have $470 in our general bank account. And my dh gets paid at least $500 tomorrow. So we just need to not buy any wants even really really wants for about a week. Were up to the challenge!!!

*The daycare is for my grand daughter who is keeping grandma company a lot this summer.
**I need to take this class because I'm a teacher and need it to top out on the pay scale.