Becoming Debt Free in 2009

May 3, 2009

Read the Bill Notices

Filed under: Budget,Car,Journey to Debt Freedom — ambercouric @ 2:53 pm

Okay, I have been paying a water bill to the same place for nearly 20 years.  In the past the bill was due on the 19th by 5:00 or the late fee was $1.00.  I have always sent my bill off usually the 14th or 15th because they received the bill the next day and it posts on the day they receive the bill.  I just took the bill out to get ready to write the check and noticed a $4 previous balance.  I thought maybe I paid the wrong amount so I went and checked and I paid the amount due.  Then in VERY SMALL writing it said payments must be made by 5:00 pm on the 15th of each month or there is a $4  late fee.  Also, they charge a fee if you pay online, something like$3.50 so I always mail the payment.

I wonder how many of these late fees they collected for the last couple of months from their normal on time payees.  This started at the first of the year but I must have mailed on the 14th the first couple of months.

Lesson learned – read the bills carefully.

Another thing I noticed last month was with my car payment.  I am nearly three years ahead of the payoff and every month there is a zero balance.  I still pay above the payment amount so it will be paid off in just a couple of months.  Last month there was a minimum balance of $121.  Again, this makes no sense to me since for the last year it has been zero due.

Being debt free can’t get here soon enough.

February 24, 2009

I’m back and some good news

Filed under: Car,Debt,Journey to Debt Freedom — ambercouric @ 9:32 am
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We are all feeling better and things are slowly getting back to normal.  Unfortunately, I am behind on almost everything but I will slowly catch up.  No point in trying to do everything in one day.

I need to put the finishing touches on my take on credit card issuers and then I will post.  I’m only about a week late.

Now for some good news – I’ll go so far as to say some GREAT news.  Anyone remember when I started this blog back in October where I wrote about all of our debt?    I wish the great news was that we were debt free but it’s not.  Not yet anyway.  Everything has been paid off except for the car.   We still owe $6,200 on the car.   The car will definitely be paid off in  2009 but I’m not sure exactly when.  We have a big expense coming up in August (more about that later) and need to save a little more to cover it.

We are $6,200 from DEBT FREEDOM.

January 15, 2009

It’s Pay Day

Filed under: Budget,Car,Debt,Journey to Debt Freedom — ambercouric @ 10:21 am
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I can’t believe I actually forgot today is payday.  What is wrong with me?  For someone trying to pay off debt this is supposed to be the highlight of the month. 

I am mailing off my car payment and I owe less than $8000 on it now.  To be exact I owe $7996.00.  This is a big deal considering when we bought the car we financed *DRUM ROLL* TWENTY EIGHT THOUSAND DOLLARS.  Absolutely crazy.  Of course, we were convinced that we needed all this extra stuff on the car so my $25,000 car became $28,000. 

A few other positives with the bills.

1) I cancelled the equal pay on my electric bill so I have no bill this month or for a few more months – so for this month I save $142

2) My gas bill is $45.28 – about $15 less than I expected

I still need to sit down and figure out how much to send to the credit card.  I just know this is going to be a great debt payoff month.

January 7, 2009

Debt Page Gone

Filed under: Car,Debt,Journey to Debt Freedom — ambercouric @ 9:24 am
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I’ve deleted my debt totals page.  I have decided that I’m not quite comfortable with having the numbers listed.  I will update once a month when the bills are paid.

I think I am going to concentrate on the car first so I will be updating the car total each month and then I will start on the credit card.   My goal for the car is to have it paid off by June.

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