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About Me:

Gretchen

I am the mother of two with one on the way. My husband and I both work full time. We are blessed to have my mother who takes care of our children for us while we work. Our whole relationship we made poor money decisions and it's now crisis time. We have had more and more money going out and now we're in a pinch. We have decided it's time to turn things around...for good this time!

DEBT AS OF DEC. 31, 2009:

Mortgage $144,714.97
Home Equity Loan $38,766.17
Cars: $24,840.71
Student Loan #1 $38,192.57
Student Loan #2 $16,649.01
Take Charge America $20,100.00
TOTAL DEBT $283,263.43

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JANUARY 2010 GOALS:

1. Implement montly budget.

2. Use the envelope system for cash-only spending.

3. Document ALL spening for the month.

4. Continue putting money (all extra income from photography business and all money from selling unneeded items in house) toward Emergency Fund Savings to establish a minimum of $1,000 by April 1st.

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BIG-PICTURE GOAL:
(begun 1/1/10)

Complete short sale for 1st and 2nd mortgage and no longer have morgage payment(s).

Reduce debt (minus Mortgage and HEL) by approximately $20,000 by paying off Take Charge America THIS year.

Current balance (minus Mortgage and HEL) as of 12/31/09: $99,782.29

Satellite, Internet, and Phone

November 3rd, 2009 at 12:25 am

Today we eliminated our satellite and land line phone! We went from paying about $130 for all three down to $35 for Internet alone. That's another $95 savings per month. This in combination with reducing our interest rate and payment on our vehicles by $180 makes a GRAND TOTAL of (drum roll please!) $275 a month!!!

Our next pay day is Friday and we plan to implement our envelope system!

Posted in Budgeting, Personal Finance, Saving Money | 9 Comments »

9 Responses to “Satellite, Internet, and Phone”

gertymac Says:
November 3rd, 2009 at 12:55 am 1257209741
1257209741

Good job making the sacrifice. It can be adjustment, but I ended up being happier without being a slave to my DVR.
creditcardfree Says:
November 3rd, 2009 at 01:29 am 1257211767
1257211767

That's excellent. Enjoy the savings!!
mooshocker Says:
November 3rd, 2009 at 01:39 am 1257212390
1257212390

I am so proud of you!!!!!!!!!!!!! God bless.
LuxLiving Says:
November 3rd, 2009 at 01:51 am 1257213088
1257213088

On the road to recovery!! Yeah YOU!
thriftorama Says:
November 3rd, 2009 at 02:05 am 1257213905
1257213905

That's no small amount. Good for you.
HouseHopeful Says:
November 3rd, 2009 at 02:52 am 1257216766
1257216766

Great job! Thats a big monthly savings!
Broken Arrow Says:
November 3rd, 2009 at 02:54 am 1257216876
1257216876

Very nice! Amazing how they can add up huh? Wow, that's a car payment there. If you're like me, after a little while, you won't even notice they're gone.
mjrube94 Says:
November 3rd, 2009 at 03:08 am 1257217693
1257217693

Congratulations! I'm impressed with how quickly you're getting into the swing of things.

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Poohstixx's Personal Finance Blog

Documenting our financial journey to financial peace!

Satellite, Internet, and Phone

9 Responses to “Satellite, Internet, and Phone”

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