Things I'm doing to slay the debt Dragon

iVillage Member
Registered: 04-10-2003
Things I'm doing to slay the debt Dragon
10
Tue, 01-08-2013 - 8:37am

Hello all,

It's a New Year, and in the spirit of New Year's resolutions, I thought I would start a post to see what everyone is planning to do this year to slay the debt dragon :)

Personally, I have already done the following:

- Update my automatic payments to my LOC to increase them from $50 biweekly to $85 biweekly (goal is to increase them even more once I know for sure how much my paychecks will be!)

- Get up to date on expenses. So far the company owes me $49.00 but I think that will go up!

-Get up to date on my medical expenses. We just changed insurance providers and as a result  I have to submit my receipts within 60 days. Mine are caught up as of this morning (yes) and I shoudl be getting about $80 back.\

- Meal plan and stick with it. This is where I am giong to have the most troule I think :(

 

What are you doing to slay your dragon?


Bex -

iVillage Member
Registered: 11-14-2008
Tue, 01-08-2013 - 11:41am

Hey Bex,

Its extra funds that going to go onto our truck loan. We won't have many of those until I go back to work though. I don't know what will happen with taxes this year. We do have a new little deduction though so that could help, plus a smaller joint salary because I have been off work since June 15th.  So I really have no clue. If there is extra there we will decide at the time. Its getting to the point though where the debt is getting smaller and it is easier to just kill and throw money at to forget about it so we will see. But August, watch out, we will have money left over even after daycare.

Our savings account for the house is in our joint accounts though and I tend to throw interest from the other accounts into that account. It adds up.

I am trying hard to cut our food bill, and that will be easier when the baby goes on cow's milk probably in June. Formula is so expensive. I have learned how to make my own bread now which is cheaper and just monitor the left overs in the fridge better so it lasts longer and we don't waste food. I do a meal plan of sorts in my head when I am shopping. It starts with meat ususally and I make sure I get what I need to make the meals around it. I am busy using what is in my freezer and have started buying bigger cuts of meat like a ham to use for 3 different  meals, like pea soup, a ham dinner and then maybe a caserole too. Also breakfast as supper is getting bigger around here because we got a waffel maker and the kids can help fry bacon now and scramble eggs. I am trying to teach them a few things they can make on their own. Plus I don't think I will ever stop making those frozen pizzas here ahead of time so we can have our own, delicious, cheap take out when cooking is hard  time wise or I just plain don't feel like it! You always make me want to eat squash soup! What do you put in yours?

Good luck everyone!

iVillage Member
Registered: 12-16-2012
Tue, 01-08-2013 - 11:59am

I am trying to check my budget/bank acct daily. Also looking at future dates (like when something will be paid off) for motivation. BTW....next target cc will be paid off in March:)

I hope I will get a decent tax return.....or atleast something so I can throw it at debt too. But we MAY use it for a vacation......I know,I know!! lol!!

Hoping I stay the course....

Michelle

iVillage Member
Registered: 04-10-2003
Tue, 01-08-2013 - 12:59pm
My soup is really easy. Bake the squash. Then boil carrots, onions and celery in chicken soup stock. Add sage to taste. Cube the squash and let it simmer with the other veggies for about 15 minutes, then blend in a blender! I like simple things :) Today's lunch was turkey soup made from holiday leftovers!

Bex -

iVillage Member
Registered: 11-14-2008
Tue, 01-08-2013 - 1:22pm

I just made a chicken caserole from left over veggies and left over chicken! The soup sounds good!

iVillage Member
Registered: 04-10-2003
Wed, 01-09-2013 - 9:19am
I tried to make chicken the other day. I left in on the counter to thaw and is magically disappeared . . . In unrelated news, my dog was laying beside the counter licking his lips!

Bex -

iVillage Member
Registered: 05-08-2006
Wed, 01-09-2013 - 5:31pm
I hope you saved money by not giving the dog dinner...a second dinner that is...
iVillage Member
Registered: 04-10-2003
Thu, 01-10-2013 - 9:47am
Hahahaha nope. (well he got some mushed up veggies that were going bad but aside from that nothing)!

Bex -

Community Leader
Registered: 08-25-2006
Thu, 01-10-2013 - 7:33pm
Bex - years ago we lost a homemade apple pie! I was devestated...
Serenity
Community Leader
Registered: 08-25-2006
Thu, 01-10-2013 - 7:45pm
Nothing profound to add, but since I have been having log on issues, I thought I better post while I can! My auto loan will be under $2,000 after I make my January payment. So my plan is to pay that off with my tax refund. That will save me $176 a month! I am not going to make any other plans with my refund until it is actually in my hot little hands. Whether or not I get a vehicle that gets better gas mileage is up in the air. It is such a crap shoot, especially since I would be looking at a $5,000-$6,000 car. My rig really is pretty nice. It was top of the line in 2002. Makes it tough. My monthly income versus monthly expenses is my dragon. :)
Serenity
iVillage Member
Registered: 04-08-2008
Sun, 01-13-2013 - 2:29pm

Happy New Year everyone (I haven't posted that yet).

Things we are doing here:

- I'm going back to school to earn more money. Doesn't seem debt related initially...but to take FT classes while working FT and handling 2 little ones, it is the ONLY reason :)

- We only eat out at a restaurant 1x/month instead of 1x/week.

- I've started taking the bus instead of the train to work. Train costs $200/month and the bus was $150 (but it is now free with my university pass).

- DH always insisted he hated hamburger meat but I have found some recipes that he likes and we have switched from more expensive options (like roast beef, ribs, etc) to way more hamburger meals. Dh even grabbed some at the store yesterday saying he was going to make pumpkin chili!


Things we need to work on:

- getting the food budget down.

- cutting down on starbucks! I've switched to adding to the rewards card thing (instead of using our cash/fun money) and we are going through MORE than $75 a month. But we LOOOOVE it so much and we don't drink or smoke.

We are donig really well with just not buying things. I went 2 years without rain boots in a city where we got 23/30 rain days in Nov! I could not find a pair under $60 tho...and the second places didn't have my size. Then on our xmas trip to Wa, USA (I'm in Canada), I found a pair for $30 and bought then. Normally, you would just think "we need this" and buy it. Now we are really redefining what "we need" and cutting down on spending.

Dee