Up up up, my bills keep going up . . .

iVillage Member
Registered: 04-10-2003
Up up up, my bills keep going up . . .
6
Wed, 05-22-2013 - 8:14am

I hate this time of year. My car insurance is due and I get the second half of my property tax assessment. So as of next month property taxes are another $10 a month and car insurance is another $10 a month. Sigh. I guess its a good thing I cancelled my gym membership and am planning on cancelling my magazine subscriptions so I am saving $15 a month there, but utlimately this stinks.

On the upside, I've been researching basesment apartment rentals in my area, and if/when I do convert my basement to a rental I would be looking at $650 - $750 a month rental income. With the additional tax deductions for renting out a room I would be clearing almost $10k a year! Not too shabby! So my long term plan seems to be coming along nicely. Its only the day to day stuff that stinks!


Bex -

iVillage Member
Registered: 07-24-2001
Wed, 05-22-2013 - 2:21pm

I know what you mean!  It's so disheartening when you are working so hard to pay down debts, and your bills keep going up.  So I feel your pain (and I'm experiencing a bit of the same myself).

At least you have a long range plan to be making some big bucks with a rental.  That's something exciting to look forward to.

Community Leader
Registered: 08-25-2006
Thu, 05-23-2013 - 1:05pm

Bex, sometimes we are so deep in the forest we can't see the trees.  Laughing

You are doing great!

Serenity

Serenity
Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Thu, 05-23-2013 - 7:18pm

I don't really know your financial situation, of course, but it does sound like you're making progress overall. I can feel your pro-active, positive attitude. Maybe you're getting some setbacks, but they're probably just temporary.

Me, I'm still trying to sign up for a motorcycling class. After that, I'll be my cautious self and stay off motorcycles because they're oooh so dangerous. :)

iVillage Member
Registered: 04-10-2003
Fri, 05-24-2013 - 8:05am
Thank you all for your positive thoughts. It really does help. I've had a tough week work wise and family wise (grandma is sick again). To a certain degree sitting down and looking at the numers relaxes me. Its looney I know (who finds spreadsheets relaxing?!?) but there it is! My sinking fund system is working AND motivating. Seeing the LOC fall so drastically every two weeks feels great! I will admit that I am using my mileage checks to cover some of the things that the sinking funds normally would (i.e. I used it to pay for the dog food this week) BUT I am making sure to subtract that out of what I "owe" my sinking funds. I know its convoluted but its working, my spending is down and I'm feeling a tad more positive. Oh, my first $100 gas card came in :) This means that for the next 3 or 4 weeks gas money can go to debt :) I have a busy weekend coming up so my plan is to grocery shop on my lunch break so I can put together some meals for next week tonight. I've eaten out WAY too much, my weight is up and my energy is down (which always happens when I eat crappy) so I need to nip this one in the bud. Thanks again everyone for letting me "vent".

Bex -

iVillage Member
Registered: 10-01-2008
Fri, 05-24-2013 - 3:03pm

Yes, it does stink.  My food bill in outrageous since hubby & I have started eating healtier.  Don't anyone tell me that fruits & veggies and fish & turkey are cheaper!  

Also our electric bill is on a monthly budget and it just rose $28 a month.  I have a reduced cable bill for one more month, but I am turning in the box in one of the bedrooms to save $12 a month in the future.

And like you Bex, I cancelled my last magazine subscription and my XM radion a few months ago.The only two true things that Hubby & I have now are Cable $101. and cell phones $125 (including my parents who pay me back quarterly $40).  I can drop my smart phone, but POOIE...hubby does not want to cut the cable package anymore.  He loves Encore.  We don't eat out, we rarely splurge....what's a couple to do!

I keep revaluating the cell phone plan and the cable...our choices of coverage for both are very slim.  Sort of stuck at this point and reluctant to give up all of our entertainment. 

iVillage Member
Registered: 07-24-2001
Fri, 05-24-2013 - 3:32pm

I can so commiserate!  I'm sitting in my kitchen laughing, 'cause if I don't I think I might cry . . 

I'm determined to keep my utility budget plan as low as possible, so I turned off our heat the other week when things warmed up (and promised myself I'd tough it out on colder days).  Well, last night was below freezing and   I'm miserable today.  I was going to cook a nice pork should roast and let the oven heat up the kitchen, but not really suprisingly the roast isn't fully thawed.  Lol.  

Oh man this being poor (to pay down debts) sucks!

And I too keep looking at my ridiculously high cable bill and think "maybe I need to cancel this" . . . but it's my ONLY entertainment.  My mother asked me if I wanted to go to a movie with her last night and honestly my budget is too tight to afford it.  I have a couple prerecorded movies (from TCM) that will have to do.  Geezzee . . .

I know things are good and we are making headway . . . but sometimes I just want to cry.