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Good Progress!

July 11th, 2015 at 06:20 pm

Here I am, only writing after payday again. Been busy at work so haven't had much time!

Yesterday was payday. This check went fully into the Key account, not into one of my primary accounts, so I paid the car payment (wanted to get it sent out since the bank has to generate a manual check and mail it thanks to my crappy lender), and then transferred the rest to a primary account. Thankfully, this is a 1 business day thing, so it was all in my main account this morning.

Paid about $400 worth of current/outstanding debt. I have 1 payment left on 3 collections accounts that I've been paying for almost 2 years! Can't wait to re-direct that money every month. The balance on one of those accounts is way incorrect according to their site, so I decided to just go ahead and update it on my spreadsheet, to the tune of almost $300. That'll be a fun phone call on Monday - I have the original payment agreement, and all of my payments as per their site, so they really have no choice. Outstanding debt is under $12k (potentially under $10k based on settlement offers I've received, oping to be able to capitalize on some of those.)

I sent another $250 to the M&T account, so my little baby EF is funded! Of course, if you recall from a previous entry, I'm building it up only to use it for a tax bill, but still, the concept of saving it up to make the payment feels good. As soon as the tax bill is paid, I hope to replenish it quickly, and not go much below the $500 while I'm paying off the big stuff.

Mom has officially taken over the car payment. The payment I sent yesterday will be my last. I upped my 401k contribution to 10% (should take effect next paycheck or the following). Before I make another jump up, I want to research IRAs. I do like that the 401k reduces my taxable income, but I like the flexibility of the IRA, along with it being tax-free in retirement. We'll see - not planning to increase again before the end of the year.

Still spending too much, but better this pay period. I had a lot of extra money on hold in my bank account this week for various things, and it didn't help that it was there. I usually bring my lunch to work, but wasn't in the mood for meal prep last weekend (I had a 4.5 day weekend) so I just bought it and spent more than I'd like to. Back to my Sunday meal prep tomorrow!

That's all I've got for now...hope everyone is having a great summer so far!

3 Responses to “Good Progress!”

  1. VS_ozgirl Says:

    Writing after payday isn't such a bad thing, you're doing it while it's fresh in your mind. You might think of other things to write about here and there too. Congratulations on your last payment on your collection accounts!

  2. scottish girl Says:

    Congrats on funding your baby EF, and paying the last payment on your collection accounts

  3. FrugalTexan75 Says:

    I bet it will feel so good to be done with the collection accounts!

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