Plastic Pinch Update for September
I have been too busy to blog about the on goings of how my financial world is being rocked. After draining the EF and just trying to stay on track, I’m finally back on top of things. The Cubs lost and holy DOW I got some earnings from that thing being all over the 14k mark. Look at my EF over there on the right you’ll see it is back to a healthy 1k. It has been a busy time as we are heading into the holidays which are always expensive. I have yet to zero out the new card that I signed up for before I do the balance transfers at 0%. That will happen this month but I cannot guarantee the balances on the other accounts will happen quickly. At any rate here’s the progress:
| Credit Cards | Balance | Credit Line | APR |
|---|---|---|---|
| Bank of America | $4,029.19 | $5,500.00 | 17.24% |
| Associates | $1,269.15 | $1,700.00 | 18.99% |
| Citi Dividend | $5,322.43 | $8,700.00 | 9.90% |
| Zales | $955.39 | $5,000.00 | 9.90% |
| Totals: | $11,576.16 | $20,900.00 | |
| Debt-to-Credit | 55.39% | Change | 1.16% |
My wife returned some of the stuff she bought with that store credit card and we need to get that paid off and closed. I think I communicated my point of view on that whole situation to her, and I believe she understands. We’re currently in a holding steady phase right now which doesn’t make the situation better, but hopefully not making it worse. I have been using Mint.com on top of my spreadsheet to actually track our spending patterns so expect an update on that here soon. Right now it looks like eating out is where our money is going.
Welcome back! Was starting to get a little worried and wondering where the bodies were buried. Look forward to reading more updates!
I’m glad your wife took the stuff back and I’m glad that she is starting to “get” your point of view. I have a baby sister who portrays the same attitude as your wife. My parents have taken care of her all her life and she doesn’t get when we tell her that she can’t spend more than she makes. I hope your wife gets a permanant teaching position & that you can really start tackling your debt together.
Good luck!
Glad to see you back! I was wondering if you’d given up completely. Don’t do it - sounds like your making a bit of progress.
I was beginning to wonder if you had given up on this whole journey! Great to have you back and great news that your wife returned those items.
Wow we are almost in the same boat! hang in there, remember you are not alone!
I think is so great. It takes a lot of guts to put out there what you are. I admire that. Another debt that is rough for some people is their very own home mortgage. If you are behind on your mortgage payment and you don’t know what to do, you might want to call a friend of mine. I am a publicist and I represent Lisa Page of www.USLossMitigation.com/lpage. She has a 98% success rate in getting homeowners current on their loans with their own financial institutions. I would encourage any of your readers to give her a look. I know in my own experience, working with someone like Lisa could have made a huge difference. I don’t want to appear as spam so I will stop but if you or your readers would be interested, I have a national based press release available. Please let me know if you would like a copy of it. Thank you for your time and space.
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