Friday, December 16, 2011

Financially Fit Friday

"When real faith grips you, you develop a mind-set that looks for the best in everything, refuses to give up, finds a way around or through every obstacle, and presses on to victory."
- Norman Vincent Peale

Have you started a money makeover? What are you planning on paying CASH for? What bill are you paying off? Share a bit of your story! No story is too small to share! Real life stories keep Sister C motivated :D Catch up on Our Story to see how far we've come.

Emergency Fund - $1000 - STOCKED!

Tuition Payment - $1000 due on 1/25/2011
  • Deposited $50 from paycheck
  • Currently Saved $100 - 10% of our goal
Fun Money - Not sure what to save up for. I'm toying with the idea of visiting my sister in Maine in June...
  • Deposited $0 in fun money, I bought some more presents :D
  • Current Balance $117.72
    • This account pays for my membership at Curves, for my ladies night out, and gifts for birthdays and Christmas. So I need to start saving for Christmas! Oh wait, I'm excellent at finding sales/deals, so I don't need much lol
House Fund - Goal $15,000.00 by 5/31/2011
  • Deposited $119.35 in leftover tips and paycheck
  • Deposited $5 'bonus'
  • Deposited $1.65 in spare change, this made me chuckle, but every little bit counts!
  • Currently Saved $1,810.07 - 12% of our goal
    • In the next few weeks I plan to research out where to put our money to get the highest interest rate. I know it might not be much, but every little bit helps :D
    • I also plan to call around to different banks and find out mortgage rates, down payment requirements for different purchases - such as 'regular' house buying mortgages, foreclosures, short sales, contract for deed, etc. Then we'll know what we are up against :D
Likes | Tumblr
The following are the other loans we currently have, but will put them on the back burner as we save for a house bigger than a 2-bedroom for our family of SIX :D We plan on keeping the duplex we currently own, and renting out the side we currently live in, thus earning more money each month that will pay these off for us :D

Hubby's Student Loan as of 10/01/2011 $9395
  • Outstanding Balance is $9,292.40
My Student Loan as of 10/01/2011 $6480
  • Outstanding Balance is $6,404.61
Bank of America loan as of 10/01/2011 - $2228.49
  • Outstanding Balance is $2,106.99
    • I called this company and asked how much we needed to up our payments to get this done in 12 months. It's only $60/mo. So we are jumping on that! Now scheduled to be done 11-2012 instead of spring of 2013! Hopefully we'll have leftover tax money and we'll be able to get rid of this completely in the spring :D
Family Loan $3000 - Will be paid back with tax return
Family Loan $1000 - Will be paid back with tax return

No comments:

Post a Comment