Woohoo!!! Making progress!
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| Fri, 11-23-2012 - 1:14pm |
Hopefully I can post this! I've been locked out for ages!
Well ladies, I am very happy to announce that after a few weeks of spending like a drunken sailor, progress has been made! I finally got my bonus and this year, instead of throwing it all on debt and then running the CC's up when I needed something and then focusing on paying those off, I have done the following:
1) Paid off all CC's (it wasn't really much . . . just monthly stuff but they are at $0)
2) Got efund up to $1K and am adding $50 bi weekly
3) Fully funded sinking funds, including Christmas ($800) House/Car ($1K) and vacation (2K)
4) Paid off $2K from line of credit.
I was planning on redoing my bathtub with the bonus (~ $2K) but I think I'll see if I can hang off a little longer and try and save up the cash in my home/car sinking fund (the $1K in it now is earmarked for car maintenace and a snowblower). I should have money left in the vacation fund after we go (our target is to spend between $1500 and $1800 but I'm aiming for below $1500) and whatever is left over can go into the home fund as well.
Also, BF had a successful hunting season so I have 50lbs of deer off cuts in my freezer that will feed the dogs for a month so savings there.
I still owe $12k on HELOC, $19,500 on Student loan and $7500 on car loan but my highest interest rate is 6.5% and its tax deductible so that makes me happy!
New plan going forward is all extra funds to be divided as follows: 50% bathroom repair, 25% HELOC 25% Other (the catch all sinking fund)
How was everyone's black friday?
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I like your division of the bonus, putting aside money to do things you want to is important so you don't go backwards. Nice bonus! I like that your student loan is going down. Another project Bex.....the bathroom. I agree, see how you feel next year about it. Are you knocking out that car loan this year ? 2013? Nice to free up that money to kick your student loan in the face? or Heloc?
Bex -
Yahoo, Bex!! Good job and great outlook on some savings instead of paying all and running things up. Glad to see you are back to spending buckets, and I can understand your bathroom needs - would love mine done, but our one room this year is all I can do.
Nice bonus too, well deserved.
-Marie
Yahoo, Bex!! Good job and great outlook on some savings instead of paying all and running things up. Glad to see you are back to spending buckets, and I can understand your bathroom needs - would love mine done, but our one room this year is all I can do.
Nice bonus too, well deserved.
-Marie
Wow, great bonus! Good for you! I also like how you decided to spend it. I also have several home projects to do, but like you, I am determined to cash flow them as I can. IF we get a bonus this year, I'll also be very, very careful with how we spend it. Yay for you!!!