Saturday, January 23, 2016

A Little Insomniac Poetry

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I was born hungry
from my mother’s breast
took, took, took

Nine I looked
into a hell
and shuddering, backed away

Fourteen swaying to the beat
of love, love, love

In love with all
the world
and its people,
and its places,
and creations

Twenty when I felt the earth
open and expanding
Funny how I thought I’d be
the exception to the rule

Twenty-three the
tiny beating mixing with my own
slave, slave, slave

Thirty and I gave
away all those little things
and I imagine
I will die hungry as I am

Monday, January 18, 2016

Debt Update 1/19

Christmas, a trip down to Georgia for a funeral, and medical expenses have killed my paying off debt plan. As it stands, I am basically treading water this month trying to keep our finances moving in the right direction. In order to stay somewhat on track, I think we are going to transfer our credit card balance to a zero interest card and stick to the original plan of attacking our bar loans.

Here are the balances:
Pay off credit card - currently about 5k
Pay off undergrad 1,703.96
Pay off Bar Loan #1 8,706.16
Pay off Bar Loan #2 8,697.12

Car #1 about 10K
Car #2 about 16K
Law School Loans about 250K

Goals for 2016:

Jan.-Feb.
Live on cash
Transfer CC balance to zero interest card, pay 3% up front for the year
Pay med. expenses from 2015, and pay out of pocket for 2016 until we hit our deductible (2,500)

March - May
Live on cash
Pay 6K on Bar Loan #1
Use tax return to pay off the rest of Bar Loan #1
Have a fun birthday party!

June - Aug.
Live on cash
Pay 6K on Bar Loan #2
Pay for Henry's co-op with cash

Sept. - Oct.
Live on cash
Pay off Bar Loan #2
Pay off Remainder of Undergrad loan
Celebrate Willoughby's First birthday

Nov. - Dec.
Live on cash
Pay 4K on zero interest card
Celebrate Henry's birthday
Travel for Thanksgiving
Have a nice Christmas

Goals for 2017
Pay off remainder of zero interest card
Buy a house




Sunday, December 13, 2015

Debt Update 12/13

I missed updating last time. Things got somewhat confusing for the end of the year because we were able to change our FSA withholding right at the end to cover some of the extra medical expenses. Since I knew we'd end up carrying some expenses on the credit card I focused on getting rid of the zero interest card instead.

Goals for Debt Payoff:
Pay off zero interest card #1 1000
Pay off credit card - currently about 2k
Pay off zero interest card #2 1,253
Pay off undergrad 1,745.56
Pay off Bar Loan #1 8,756
Pay off Bar Loan #2 8,747

Here's my end of the year plan:
11/24 - put extra on cc
Enjoy Christmas!

The plan for next year is a little different because our insurance will have a $2,500 deductible, so we'll pay out of pocket for that and then have no co-pays for the rest of the year. We'll have another $2,500 withheld and put into an HSA so that we'll have it saved for 2017 at the start of that year.

Here's my new plan up to May 2016:
1/7 - pay $ for medical expenses, pay down CC
1/21 - pay cash for medical expenses, pay down CC
2/4 - pay 1k on Bar loan
2/18 - pay 1k on Bar loan
3/3 - pay 1k on Bar loan
3/17 - pay 1k on Bar loan, pay 300 on undergrad
3/31 - pay 1k on Bar loan
4/14 - pay 1k on Bar loan
Use tax return to pay off remainder of Bar loan #1!
4/28 do something fun for Stella's birthday!


Expenses to plan for:
Disney - plane and package bought, just need incidentals
Gallbladder surgery co-pay- 250
New tires for van - 200

Sunday, November 15, 2015

Debt Update 11/15

I changed up the plan again, but we are still plugging along. We had a modest birthday party for Henry/Open house for people to meet the baby, so spent a little on that. We also bought our plane tickets for Disney because they were pretty cheap. Here's the updated balances:

Goals for Debt Payoff:
Pay off zero interest card #1 1000
Pay off credit card 662 Paid off but we used this card to purchase plane tix, will have about 1K balance until next paycheck
Pay off zero interest card #2 1,253
Pay off undergrad 1,780
Pay off Bar Loan #1 8,809
Pay off Bar Loan #2 8,800

Here's my continued pay-off plan from now until Christmas:

11/26 - put 1,000 on credit card to pay for Disney plane tickets

12/10 - Pay 1,253 to pay off zero interest card

12/24 - pay off hospital bills and use anything left over to reduce undergrad loan

In other financial minutia, we get to change our fsa withholding after having Willoughby, so we can adjust it to cover all of our extra co-pays and hospital bills with pre-tax dollars.

Saturday, October 31, 2015

Debt Update 10/31

We ended up deciding not to put an offer on the second house, but rather wait and see if something better comes along.

In the meantime we are plowing through debt and it couldn't feel better!

Goals for Debt Payoff:
Pay off zero interest card #1 1000
Pay off credit card 662
Pay off zero interest card #2 2,653
Pay off undergrad 1,824
Pay off Bar Loan #1 8,865
Pay off Bar Loan #2 8,857

Here's my continued pay-off plan from now until Christmas:

11/12 - pay 1,100 on zero interest card
          - put 300 on cc

Use expected check from Greg's old practice (1,600) to pay off remaining balance of zero interest card.

11/26 - put 1,000 on undergrad
          - put 300 on cc

12/10 - buy plane tickets for Disney (1000?)

12/24 - pay off hospital bill (500) and any leftover balances on cc's

Thursday, October 15, 2015

House Search and Debt Update 10/15

The first offer we put on a house was rejected and at this point it looks like we were outbid. However, the property has been under contract before and the deal fell through so we're not totally giving up on that house. In the meantime, we're looking at other houses.


Goals for Debt Payoff:
Pay off zero interest card #1 1000
Pay off credit card 1,542
Pay off zero interest card #2 2,700
Pay off undergrad 1,824
Pay off Bar Loan #1 8,865
Pay off Bar Loan #2 8,857

Here's my continued pay-off plan from now until Christmas:

10/29 - pay 1,000 on card
 find additional savings somewhere else to really pay off cc?

11/12 - pay 1,100 on zero interest card

Use expected check from Greg's old practice (1,600) to pay off remaining balance of zero interest card.

11/26 - put 1,000 on undergrad

12/10 - buy plane tickets for Disney (1000?)

12/24 - pay off hospital bill (500) and any leftover balances on cc's

At this point all we will have on this round one list is about $750 left on my undergrad loan, and just over $17K on our bar loans. If we end up closing on a house around this time, we'd just continue to pay minimum payments on these. If we still don't have a mortgage, the next phase would involve paying off the bar loans, hopefully about 2K/month, with our tax return also going toward the debt reduction. Under this plan we'd be done with the bar loans by June or July 2016.

Saturday, October 3, 2015

Debt Update 10/3/15

 We are putting an initial offer on a house!! That said, we're not expecting our first offer to be accepted. Because it's a bank-owned property it will probably take a very long time to find out the offer's been rejected. Still, we are extremely excited and nervous. Anyway, without further ado, here's my update:

Goals for Debt Payoff:
Pay off zero interest card #1 1000
Pay off credit card 2,259
Pay off zero interest card #2 2,700
Pay off undergrad 1,824
Pay off Bar Loan #1 8,865
Pay off Bar Loan #2 8,857

Here's my continued pay-off plan for October:
10/15 - pay 1,000 on card
10/29 - pay 1,000 on card
Use expected check from Greg's old practice (1,600) to pay off remaining balance and to pay for  our hospital co-pay (500), put remainder of that money toward our plane tickets for our vacation in January.