June Financial/Debt Goals

iVillage Member
Registered: 01-23-2007
June Financial/Debt Goals
12
Sat, 05-30-2009 - 8:37am

June is right around the corner. Have you set any goals yet?

Dee



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iVillage Member
Registered: 01-23-2007
Sat, 05-30-2009 - 8:43am

My DD is graduating from high school and, although we aren't having a big party or anything, we'll have more company than usual. I may actually hire someone to help me get the house ready for company. I'll get an estimate anyway. That may be $60. We'll also buy DD a gift, but I'm not sure what yet. I also have two small credit cards I'm trying to pay off and I owe the oil company $260.00.

Goals:
-Pay for DDs graduation gift without CC
-Pay off at least one of the smaller cards
-Pay off oil company
-Get financial paperwork to DDs college
-Get total debt down from $7850 to $6500 (that will be a challenge!)

Dee



iVillage Member
Registered: 11-17-2007
Sat, 05-30-2009 - 9:12am

My bank account looks terrible. In the last two months I

iVillage Member
Registered: 03-28-2008
Sat, 05-30-2009 - 11:43am

I will be starting back to my f/t job in June..... Yipee!!!

iVillage Member
Registered: 02-01-2008
Sat, 05-30-2009 - 12:33pm

In June I'll work on not buying anything that is unnecessary. I'm also going to use the "envelope system" for my food money. When it's gone, it's gone.

In June my daughter comes off my health insurance, so the premium will go down, but if she doesn't get a job soon, I'll have use my emergency fund to pay for her COBRA coverage, probably $350 a month.

There are 4 birthdays in June/July/August that I buy gifts for. I'm going to look around the house and see what I already have (new stuff, bought on impulse or "just in case") to cover those gifts. There are a lot of festivals going on in the summer here -- I'll try to avoid them and be happy in my own backyard.

My company told us we must take 40 hours of "furlough" (no pay and cannot use vacation hours for it) by December. I'm taking 4 hours of furlough every other week, so that I can still afford to eat! So now my bi-weekly paychecks have shrunk all summer and into fall.

May was tough for me financially. My son got married May 2 out of town. I paid $750 for the rehearsal dinner and then had to pay for two hotel rooms for two nights and come up with $100 for the wedding gift. My daughter graduated from college on May 9, and I had the expenses of a party and graduation gift.

Mary Jo









iVillage Member
Registered: 08-24-2007
Sat, 05-30-2009 - 7:49pm

I had hoped to save some extra cash this month in my emergency fund, but I don't think that's going to be possible.

Kate


empty purse

iVillage Member
Registered: 01-23-2007
Sun, 05-31-2009 - 9:47am

Kate:

Wasn't that a great movie? We saw it in the theatre but just got it again from Netflix. It's one of those movies I could watch over and over.

Good luck with that tooth. At least your CCs are paid off.

Dee



iVillage Member
Registered: 10-01-2008
Mon, 06-01-2009 - 1:00pm

One of my April/May goals was to pay off a life insurance loan.

Norma


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


Avatar for sohappilyme
iVillage Member
Registered: 03-26-2003
Mon, 06-01-2009 - 2:32pm

I went back to see how I did with my May goals and found that I hadn't even posted to the thread. I guess that's telling! So I went back to April goals. Here's my current status on my April goals:

"My goals for April, then, are to get below 77k in debt (currently at $77,947) and to get above $8,600 in flakes (currently at $8,056)."

Well, as of right now my debt is at $73,926 so I definitely made it under 77k, and my flakes are at $11,834 (well over the $8,600 goal). That's two months worth of progress, but I'll take it.

As for June, OUCH. For their birthdays, our kids each get a dinner out with just mom and dad (no siblings) and a little bit of money to go shopping with. They talk about these trips all year long. So I need to do that on the 18th and again on July 1 (which I will ideally save up for in June) and those two are having a combined party on June 28. Those are some major extra expenses when you add it all up. And I'm feeling the Christmas crunch already.

I will have flakes set up because I'm already committed to paying the extra, but it's going to be really tight. REALLY tight. In that sense, my one true goal is probably surviving the month.

Numbers-wise, here's what I'm looking at:

debt under 72k
flakes over 13.5k

If I did the exact math, my flakes might reduce my debt to less than that, but I have a headache so a guesstimate it is, LOL.

Photobucket


Sarah
iVillage Member
Registered: 04-08-2003
Mon, 06-01-2009 - 9:14pm

Okay...I'll give this a try.

June is going to be a sorta catch up month for us. DH got laid off in May and we lost about two weeks of pay. Fortunately for us it was a three paycheck month to begin with and I had already started paying some of June's bills. I have all of our bills broken up into two paychecks each month so when we get a three paycheck month we have extra. The downside is that the extra check was earmarked for new tires and a small trip DH was going to make. Now I'll have to dig into the efund for tires and my husband has agreed to skip the trip.

I'm not sure how the timing is on pay for the new job yet. He starts on Wednesday, so my major project for this month is to get our bills back into a routine again. We also have a birthday party for all three boys and a small trip to my parents.

I'm doing some research on retirement investing and plan on making that my July project when the kids go back to school.

I enjoy hearing everyone elses goals. Thanks for sharing. samey

iVillage Member
Registered: 04-10-2003
Tue, 06-02-2009 - 10:04am

Okay, well I always write these goals and then something "comes up". Well darn it, I'm gonna stick with it!!!


I want to get and keep my debt below $3000. The keep is important because I have to pay for my next course which is $500. So in reality, I need to pay off another $500 or so in the next four weeks. I am getting reimbursed for all my chiro visits so that will give me $300 or $400. The rest will have to come from good old fashioned budgeting and snowflaking. It will be a heck of a lot easier to do once my new pay kicks in (hopefully by the end of June!).


Bex -

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