Day 655

It's never ending!

I corrected some numbers on my taxes and now owe over $7,000 *tears, tears, tears*

I paid $100 to Visa on Friday

Total Debt Paid: $52, 934

Day 653

New Numbers:

Visa: $8,782.95
Braces: $3,411
Taxes: $4,216.35 (new bill)

New debt total is $16, 405

I paid $1,000 to taxes today as it was $5,216 :(

Total Debt Paid: $52,834

Day 653

Here is what I got from it and need to apply or in some cases apply as much as I can:

Don't borrow money. If I don't have the money I can't buy it. (OK, how am I going to buy a decent car?!!)

80% behavior and 20% knowledge. Change my behavior. If I don't have the money, don't buy it.

- cut up the credit and only use cash (I do need credit for work
- use the envelope system.
- get on a budget and give every number a predestination (I never know month to month how much I make)
- read books about money (these cost money!)

Budget Baby Steps
1. start an Emergency Fund of $1000
2. set up a plan to get out of debt. Start with the smallest debt to pay off and work your way up. Debt snowball
3. Go back to step 1 and raise it to 3-6 months of expenses
4. Invest 15% of your income into retirement
5. set up a college fund for my son
6. Pay off the house early ( I rent )
7. build wealth

I kind of have the emergency fund if I need it. There is money in accounts I do not touch so now I guess I work on the snowball affect and pay off the smallest debt which is my taxes and the one that I should be paying. I think I can pay my taxes before I go to Vegas. That would be awesome!

I think I'll put the Visa back in the freezer :)

Day 651

2010 Financial Goals

1. Pay off debt

2. Read 30 books on debt (any recommendations?)

3. Get a tax free saving account and put the $5,000 in it

4. Get a $5,000 emergency fund

Total Debt Paid: $51,834

($100 to Visa)

Day 650

What day is it?!! I can't believe I am on day 650 of paying off debt and still have $$$ to go!

OK, so it's been a long while since I posted.

Here is what's new:

I finished paying off my car! Yay, right?!! Yeah, and then I was in a car accident and wrote the car off, ugh! Now I need to buy a car. I'm 30 and can't get credit. This year I am cathcing up on my taxes and will be able to get my own car...one day

I paid off the old phone bill :)

I've paid $1,200 in taxes since my last post that I owed (still more to go)

The only debt I have right now is

credit: $8,000+

taxes: $3, 200+

braces: $5,000+

Now, how much have I paid in debt? Well, the credit card doesn't count because every time I pay it off I go and spend it again on biz stuff. However, the $1500 phone bill is paid. The remaining $3000 on the car is paid. So $4,500 - yay :)

I'm going to Vegas in a few days $$$ and I need a car $$$

UGGGGGGH!

Total Debt Paid: $51, 734

Total Debt: $16, 000+

I need some new plans here.