I'm back and what a mess I have made of things

Avatar for ddatepj
iVillage Member
Registered: 05-14-2003
I'm back and what a mess I have made of things
14
Thu, 02-16-2012 - 5:27pm

I have not been here since early last summer, some may remember me. I came on here fall 2010 and started sinking funds and Dave Ramsey from advice I got here. I had 285 mortgage, 195 Heloc, and 31K cc debt, 17K efund. By last summer I had gotten cc debt down to 17K and efund up to 31K, also paid off 13K car loan, paid 4200 tax refund to heloc, etc.. Sinking funds changed my life and how I handled my finances. Then I lost my 2 spreadsheets for long term and medium sinking funds last summer when computer died, so I had NO idea what was left in all of my carefully managed funds. Long story short, I gave up. I knew our home repair sinking fund of 1200 was used up at that point, so was our car repair fund of 1200.

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Avatar for ddatepj
iVillage Member
Registered: 05-14-2003

Thank you so much for the feedback, what you said about the similarity with dieting, that I still have to spend money, that is the hardest part. I loved being pregnant with the twins because none of us could leave the house for 6 months, I laid on the couch and crunched numbers and we spent absolutely nothing. I just daydreamed about all teh money we were saving. I used to wait for the mail to come just to have some new paperwork to process or bill to

iVillage Member
Registered: 05-09-2002
Tue, 02-28-2012 - 11:29pm

I agree with the poster who mentioned life insurance. I cannot fathom losing my husband, but not because of his income, I just can't wrap my head around that kind of pain and as we all know a friend of the DSG is going through that right now...

You seem worry about 900k not being enough even if you sell the house.

iVillage Member
Registered: 12-31-2010
I don't know all your particulars, but if your DH passed away during his working years, he would probably get twice his salary, plus your life insurance and you would get social security for the kids and yourself. If you downsized the house, probably doable. But then you are talking more transition for your kids after a possible loss? Just something to think about.

So enough of the morbid stuff, your DH is healthy and will live another 70 years or so!

I would play a game with yourself. You said having the twins and staying in helped you spend less. How about NO SPEND WEDNESDAYS or some other day of the week. Have one day where you do not allow yourself to spend ANYTHING. If you owe something for the kids' lesson, pay it the next day. Don't get gas that day or anything.

Another good move, ONLY use cash for one week. Do not use a debit card at all, feel the money roll through your hands, honestly it will be harder to let go of!

I just bought clothes for a cruise as well. DH and I went together on a pair of black strappy high heels and we are coordinating shoes so we don't bring as many pairs with us, jewelry as well. But I lost a lot of weight last year, and went from a 16 to a 6 within the last 3 years, so a new wardrobe was necessary, to say the least.

You are doing OK, but you know you could do better! Keep coming here, post your goals, vent, impart advice for others and share - it really helps.

-Marie
#Marie
iVillage Member
Registered: 05-08-2006
Wed, 02-29-2012 - 12:54pm

Marie

I am sure this is a typo but it cracked me up

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