Today is payday. I love payday. I feel great for about 15 minutes, then I pay my bills ;-) (I'm kidding, being able to pay my bills is a great feeling...just frustrating staring at what's leftover to get me through the next 2 weeks...)
As far as debt reduction, I paid $75 to Cap 1 card, and $262.23 to old debt. Sidebar numbers updated.
No car payment this check, due to refinance. First payment on new loan will be next check. The payoff check to old lender posted, and I need to call them to confirm that my math is right, but I believe I'm getting $477.69 back from them.
I'm considering shifting my strategy for old debt paydown, as well. I may pay off current balances first, since they have insanely high interest rates, then shift to the old debt, which is all in collections at this point anyway, no longer accruing interest. Waiting another few months won't make a difference - the damage to my credit has already been done. But by lowering credit utilization, maybe I can boost my score that way. Need to think on it a bit more, as I'm afraid that I'll see $xx available credit and use it as an excuse to go shopping...I might assign a monthly bill to each card, set it for autopay, and then remove from my wallet. We shall see.
My birthday was great, I had a lovely day at work, got a great bottle of wine from my (old) boss, and went to dinner with my mom. My sister gave me a $50 Amex gift card, and I decided to treat myself to some more wine. (I reeeeally like wine, collection has been getting a bit low lately. I tend to buy it 10-12 bottles at a time, then drink that down for a few months.)
Onward to the weekend....hope everyone has a great one!
Payday!
March 20th, 2015 at 04:51 pm
March 20th, 2015 at 05:00 pm 1426870824
Good luck!
March 20th, 2015 at 06:10 pm 1426875026
March 20th, 2015 at 06:52 pm 1426877542
March 20th, 2015 at 08:13 pm 1426882420
March 20th, 2015 at 08:23 pm 1426883027
March 20th, 2015 at 11:48 pm 1426895329
March 21st, 2015 at 12:57 am 1426899455
creditcardfree - Yes, the wine is definitely a want, but since I bought it with a gift card, I'm calling a loophole. I won't be buying more for a while. Everything is pretty pared down in terms of living expenses...I haven't even gotten a haircut in over a year. That's now shifting a bit more to the need side! Not looking to acquire new debt/loans/cards, but need to worry about credit score since I hope to move at the end of the year. It's a huge factor for a NYC apartment, even in an affordable area.
scottishgirl - Verve is indeed "new debt" but I need to use that money to pay back a short term loan to my mom. I'm playing with my spreadsheet now, and I think that's the way I'm going to go.
Paulette - I like the way you think!!!
VSgirl - that's a great way to look at it.
Thanks all for the advice. I really appreciate it!
March 22nd, 2015 at 02:05 am 1426989925