Lord, it's been a while since my last blog post.
Still here, on my grind. hustling, working.
Gainfully employed under someone else's corporate umbrella. Appreciative. What a strange trip it has all been. I want to keep my stamina to publish more of my words. So I'll keep the letters to a minimum as to not type too many.
Dreams, hopes, goals, all on the horizon. But the weight of the world is heavy (now at the latest of my 30's) on my mind. Bad things happen to good people all the time, after-all. That's no way to think of course. So here I sit, head unbowed.
Lord, it's been a while since my last blog post.
My situation has improved since last I wrote an entry. I no linger live with my parents (amen!), we rent a decent size 3 br house with a great backyard. Cozy, really nice, and pretty affordable. While my income has always stayed relatively the same since I have been writing this blog, I feel that my quality of life has definitely improved thanks to financial habits this blog writes about.
I am happy to report I am on top of my expenses, living within my means and even saving a little. I have not reached financial security and really there's only one way I can get their quicker. At this point I really need to focus in increasing my income. This is where that old saying "easier said than done" fits the best.
I finally put on my big girl panties and ordered my credit reports and credit score to make sure all was in order. Thank goodness I did, because I noticed a HUGE error in regards to my old mortgage. About 2 years ago, I gave up my house through a Deed In Lieu of foreclosure. It went as planned as far as I was concerned...I got the confirmation that it was back in the banks name and my loan was closed. I got no further communication from the mortgage company since then.
About a month ago I got my credit reports from both Equifax and Trans Union, both claimed that the mortgage loan for $500K was still open AND I was over 120+ days late on it. WTF!!!!!???? Of course I called the mortgage company right away and they confirmed it was closed through a Deed In Lieu 2 years ago and they have no idea why the credit bureaus were never notified. Supposedly they will be informing all 3 credit bureaus the correct info within the next 10 days.
Here is my question:
My credit score now is 589. (Horrible I know!!) With them thinking I still have a $500K loan under my name and over 120 days late on it.
After this information has been rectified to a Deed In Lieu in 2009. Do you guys think my credit score will go DOWN? Or go UP?
I was optimistically thinking it was going to go up after the correction...but the more I think about it, I think it might actually go down instead. What do you all think?
OK, I really need to get it together. Sure I screwed up royally in 2007 by buying a half a million dollar house that was falling apart and situated behind a pylon yard, sinking mine and my DH's entire savings and subsequently wasting paying a large mortgage the next 2 years. Yes, two years later the mofo CPS were FALSELY sicked on my family by incredibly thoughtless apt neighbors. (I cannot even begin to describe the hellish experience that was, but I'll save that post for another day. On the record, my encounter with that whole CPS issue was so disturbing I totally changed how I view our political reality. It's so depressing when you think about it.)
Anywho....So here I am, with family in tow living back at home with the parents. Rent free, at 31. WTF, right?
I know it all sounds bad on paper....BUT
I swear we have it under control. We're saving rapidly so we can buy another house soon, I'm assuming we might have to pay for it in cash. We are def not doing apts anytime soon. I can assure you...my next foray into buying a home will be NOTHING like my first.
Getting It Together: Don't let others distract you from what it is you really want out of life.
It's been over 6 mos since my last post. I guess to put it bluntly: life is hard and i'm really tired.
C'est la vie...as the French say. As hard and tired as I am, I still like to smile and dream.
I wish I had a happier poem to think about, but I really like this one:
Out of the night that covers me,
Black as the Pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.
In the fell clutch of circumstance
I have not winced nor cried aloud.
Under the bludgeonings of chance
My head is bloody, but unbowed.
Beyond this place of wrath and tears
Looms but the Horror of the shade,
And yet the menace of the years
Finds, and shall find, me unafraid.
It matters not how strait the gate,
How charged with punishments the scroll.
I am the master of my fate:
I am the captain of my soul.
4 month plan:
Enrolled in Accounting 21 & 22 - 6 Units - Finish in Dec 2010
Need: $5,000 by Jan 2011
Save $250/month (x 4 mos.) = $1,000
Cash/Coins = $500
Live overseas Jan/Feb 2011
What to do while over there? How will I generate income?
Come back Mar 2011 - Continue pursuit of CPA
1.) Tomorrow I will finally be emptying out my Storage unit. Saves $110/month.
2.) Baby can be weaned off formula starting now.
3.) STOP Overdrafting!!! - Saves at least $70/month.
$100 - +Savings
$140 - Pay other bills quicker
I've decided I would like to have less "things" and the few items I keep/acquire I have to really want or have a use for. The problem with this is that I always seem to have a lot of stuff, either through my own purchase or other people bring them, so it accumulates quickly. I don't really do big giant purges at a time, but I'm dedicating time daily to throwing out/give to someone else items in my life that i don't really need.
I don't know why I always fight the urge to come here, because when I do, I am ALWAYS glad I did. It's like a fresh breath of reality. I'm on Facebook a lot and although these are my "real life" friends & acquaintances, there is no way in hell I will share on FB what I share here. Why? Because FB is for impressing others, either with your wit or your Fabulous! life. SavingAdvice...is for airing out your dirty laundry!
So what have I been up to?
Well I quit my job of 4 years. Long story short, it was no longer working out. Time to move on.
I still have my side gig of running the online store of a small medical uniform company. Part of my job security is dependent on the sales generated through the online store...so if you have the need for scrubs and medical stuff, check out my side bar and click on my link.
So...yeah, money is tight! But, after much reflection I don't need much to maintain a life I can be happy with.
$2,000 / month = Surviving but probably Miserable, racking up debt due to interest and late fees.
$2,500 / month = OK but hardly saving anything, debts will not be paid down, probably continue to rack up more debt.
$3,000 / month = OK at least I can start making progress with my debts again and not adding to them.
$3,500 / month = again just OK, more will go to my debts, will be able to save more.
$4,000 / month = See Above.
$5,000 / month = IDEAL! - Save, Pay Debts, Live fancy!
When I say little. I really mean little. Here are few things I am mentally committed into not spending buying/spending in the next 3 months.
1.) toilet paper, paper Towels, disposable plates, cups, & cutlery - My mom, being the Costco shopper that she is always has plenty to spare.
2.) Soap & Lotions of any kind. I have plenty already.
3.) Junk Food - This one is a hard one sometimes. I. Must. Not. Give. In.
This one has nothing to do with budgeting. But I really need to get back on that treadmill or at least start doing random exercises throughout the day. My biggest excuse for my lack of exercise is that I am already so tired from my daily chores, errands, and taking care of a baby, that I feel that I am already burning enough calories. However my flabby midsection is an obvious contradiction to that.
I've been avoiding writing down the total of what I owe and basically anything related to writing down some sort of budget.
Pretty much I know what I owe and I know what I will be taking home in the next few months. So...I don't think I will be doing that at this time.
Right Now I just need to focus on:
1.) Increase income through career
2.) Increase income through side business
3.) STOP Buying stupid items!!!
4.) Think of the Earth! and stop being such a consumer.
My mother is a fanatic FoxNews watcher. She fits every stereotype of the character. As John Stewart put it on the Factor, she falls for "the Narative" hook, line, and sinker. EDIT: It's not that she falls for it, it's more like that's how she sees the world also.
It's almost beyond explanation, how she fits that very mold. Because "in real life" she is kind, loving, smart, successful and overall a very nice person.
Recently I stumbled across a site that seemed to have articulated everything I have always suspected about the universe and my spiritual self.
After letting it sink in that I am fully satisfied with what I have found to be the meaning of life, I realized that no matter what goes on in ones own head, real life is always a constant and is there to greet you every morning. And like it or not, money is a huge part of that "real life" for us who chose to live in society. FACT: The DWP does not care what kind of spiritual enlightenment you have found, that bill is due on the 21st.
I am always so conflicted whether I should be happy or upset about where I am at in life. Sure things could be worse, but damn they could also be a whole lot better.
Had I not bought a house 2 years ago I would probably have over $50K in savings and not be in CC debt up to my ears. Yes, that is for sure depressing to think about. But then I take stock of what I do have: a clean, comfortable, & safe abode, a reliable source of income, food and health insurance for my family, & last but not least a nice glass of wine while i write this entry. Not too bad.
But then I start think of what I COULD have had.
I pursued a Deed In Lieu of Foreclosure rather than just a letting it go into a foreclosure, which has sped up the whole process of turning my house over to the bank. I have gotten so much slack from everyone I know about leaving my house so early in the game without taking advantage of staying and not paying. In my defense, I could not live like that. Sure I could have saved money, but it would have been a very uncomfortable situation for me.
As soon as DH and I decided we were going to give up the house, we wanted to move right away. Sooo...had we not been so haste in our decision, we could have been saving $1,500/month in the last 4 months.
Is comparing yourself to a destitute vagabond really a positive way to uplift yourself?
It's official I am now a member of the "poor sap who lost their house in the meltdown" club. What can I say...it was not worth fighting for and I figure the 200+ point hit on my credit rating was a tad bit better than overpaying $200K+ on a house.
Everytime I hear that the "Government" Local or Federal is having its own financial troubles, I often wonder what they do with all the money they get left and right from people. Don't get me wrong, I fully understand it costs money to run this great big wonderful country of ours. I'm sure we can all go on and on about what how much and on what the govt. spends. But this post is not about that.
It's about how much they take in from what seems like a booming business.
1.) Income Taxes - We all need to pay them. I'm not here to argue how much is too little or too high. You'd think all governing costs would be covered just from this.
2.) Property Taxes - I just paid the 2nd half of my Property Tax recently and boy was that painful. I don't even send my kid to public school! Where is my discount?!
3.) Parking Tickets, Traffic Fines, DMV Fees, Parking meters, Citations for non-violent offenses, Late FEES for aformentioned items. Every day I drive by my local DMV office, and there is a line OUT THE DOOR every single day. I picture a $ sign dancing above every single person in that line.
I feel like I'm forgetting a bunch more other items. But those are my top 3. Again I understand it costs money to govern, but it's not like we don't already pay for our own basic necessities on TOP of what the Govt provides in infrastructure. Energy, Water, & Insurance are all paid to private companies. Where does it all go? How is it that we a have deficit in the trillions? Is the govt really so large that nobody can manage to put together a reasonable budget with all the easy revenue coming in?
Here we go again! I had to get my front breaks done again. This time though I went to a neighborhood autoshop rather than a chain store like Midas. This time they said my rotors were not up to specs and had to be absolutely replaced because the previous mechanics had sanded them too much. He gave me a deal that he would give me the rotors at cost for $40 (supposedly!) and the break pads he was putting in were going to be better quality than what Midas had put in about a year ago (to be determined!). So my final tally came up to:
Break Pads: $80 (best quality)
Rotors: $40 (at cost)
Total: $220 - No Tax!
Thoughts? Does this sound like Deal?