Ups and downs here...refund came in

iVillage Member
Registered: 07-05-2006
Ups and downs here...refund came in
19
Thu, 03-12-2009 - 9:59am

We got a fairly big refund. So today I paid all the bills I've been avoiding for months (medical copays and such from my sons ER visit). I paid my mortgage which was 2 weeks late due to our car repairs. I paid most of my bills for this month too. I started getting together our numbers. How much debt do we still owe? Who are we going to pay with this money? I had a moment of sadness when I called Toyota and realized we have 3 more payments due when I thought we were done. I was going to write a big happy post today that I had paid off my car, but just in case I called Toyota to get my balance and instead of a 50 dollar balance, I had a 300 dollar balance. WHAT!!! It turns out that the dates on our payment arrangement were wrong so instead of my last payment being this month, it's actually in May! BOOO!

I also started dealing with my last credit card. We are going to settle. We've settled everything else so my credit is already ruined and I just want to get it over with. It's a discover card and I owe them $4,356. They have previously offered us a $3500 dollar settlement. I currently have $3000 dollars so I'm hoping to get their settlement down by offering them a lump sum of cash! We'll see. So overall, the money is all gone. It's depressing, but it is also joyous that I was able to pay so much off with it.

Here's what I paid:
My mortgage: 1240
Medical payments: 116.09
Toyota: 150
Condo Assoc: 215
Dentist: 50
Credit Card Settlement: $3000 dollars put aside
Total $4771.09 and I do have $500 left. I guess I'll put that in my Efund!

I also changed my automatic Emergency Fund transfers from $10 dollars to $50. I realize that I need my savings to accumulate faster and ten dollars just isn't doing it!

How depressing to wake up to over 5 thousand dollars in your account and now only have 500! But at least I had the money to pay it!

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iVillage Member
Registered: 04-10-2003
Thu, 03-12-2009 - 10:46am

Hi Abbie,


I almost wrote the exact same post, lol. My refund went into my account today . . . and it was there for all of about 37 seconds before it was immediately sent to my CC!


Its painful seeing that much money sitting there and immediately sending it away, but at the same time, its wonderful knowing that I am almost out of this mess.


I saw your ticker and you are soooooo close. I know you are feeling down, but really you should feel so proud of yourself. Has that even been updated with your recent tax return numbers? You have done such an amazing job and are almost there!


Give yourself a pat on the back and I'll give you a virtual (((HUG)))


Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 07-05-2006
Thu, 03-12-2009 - 11:33am

Yes, I did update the numbers on my ticker. That was the second thing I did after paying my bills. If I settle with my last CC for $3000 then I'll only have about 1500 left. Whoo! I don't get too excited because as soon as I pay off my debt, then I'm going to start a new ticker and pay off my parents. I have a huge amount to pay them back. Not only did they help me settle with a few cards, but they have given me money many times for my mortgage and groceries. I'm going to start with my dad because he needs it the most and I owe him $10,000 dollars. My mom has already said she doesn't want it back and expects me to pay her back by taking care of her in her old age, but I'll pay her back anyway...just slower than my dad. I'm hoping to get my dad payed off in a year really. I know I can do it. Especially if my whole tax refund next year goes to him. Then my next goal is to save for a down payment on our next home. All these goals really seem like fantasy land...and so it's hard to get excited on my original CC debt being payed off, but I'm still going to throw a party when I pay that last payment on everything!!! Only months away!

iVillage Member
Registered: 05-20-2005
Thu, 03-12-2009 - 12:23pm

You're doing great Abbie.

Wedding
iVillage Member
Registered: 10-01-2008
Thu, 03-12-2009 - 12:29pm

Wow, what a refund. I know it feels good to see the numbers go down. Hope it works out with the credit card settlement.


Keep saving for those emergencies.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 11-14-2008
Thu, 03-12-2009 - 12:30pm
I think this is great news!! I just looked at your ticker and saw how far you have come. Wow! It is really inspirational. You CAN do what you set your mind to! Thanks Abby.


iVillage Member
Registered: 10-01-2008
Thu, 03-12-2009 - 12:35pm

One question I forgot to ask.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 04-10-2003
Thu, 03-12-2009 - 12:50pm

I know its hard to get excited when you still have a long way to go, but look at it this way . . . I bet when you STARTED this whole process you never thought you would have no CC debt, and yet here you are, so close to being done!


Yay for you!


Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -

iVillage Member
Registered: 08-04-2008
Thu, 03-12-2009 - 1:17pm

Good job paying what you can and putting money in that Efund.




iVillage Member
Registered: 03-15-2005
Thu, 03-12-2009 - 2:11pm

If your accountant told you it was the stimulus doing it, then you need to get a new accountant.

Jennifer


 


iVillage Member
Registered: 09-07-2003
Thu, 03-12-2009 - 2:50pm

Way to Go Abbie!


Teresa
http://www.affordingpickles.blogspot.com

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