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May Financial Summary

I am late late late this month for the update. I spent the first 10 days of June travelling and away at a conference. It was fun, but I haven’t been so happy to be home in a long time!

Debt

Here’s how things look:

As a reminder, you can view the full, most up-to-date debt spreadsheet here.

Budget

Again, I totally failed at keeping up with my budget, however I know that I came out positive. Always a good thing 🙂

Net worth: $16,454.16  (down 10.00% from April)

Another depressing month on the net worth and saving money front, but at least my debt dropped by almost 10%.  Just gotta keep on keeping on!

Bad Money Choices: Getting a Roommate


(image via allexperts)

Today’s topic is on a Bad Money Choice I made that almost all personal finance bloggers will tell you is a great idea.  After living alone for several years, I got a roommate.

The reason this ended up being a poor decision is because the roommate and I had very different values and while she ended up saving money (I think), my expenses increased…. so how did that happen?

Since we both had dogs, we decided we wanted to move into a house with a yard.  Since houses don’t come cheap like one bedroom apartments, obviously it made sense to move in together.  We found a wonderful 1930s house that was approximately a 10 minute drive from our workplace.  We thought we could overlook the fact that it only had one bathroom.  Second mistake.  The first was that it was a 1930s house.

After moving in, I suddenly started paying for cable (I watched for maybe one or two months), my water bill increased by $20-50 a month overall (so $10-25 extra per month) and electricity skyrocketed to between $100 winter – $200 summer per month. Considering my electricity had never been higher than $60 on a particularly bad summer month before, this was a hit.  Even in the winter, I was spending $20 more on my half of the bill than I did on my highest month alone.

So let’s add it up:
– Rent – no change
– Cable + $20/month
– Internet – no change
– Water +$15/month
– Electricity +  $90/month*

Grand total per month = $125/mo extra spend or $1,500/year.
*based off of $60/mo previously and $150/month in house

I could have paid of my credit cards a month earlier if I’d just continued to live by myself in an apartment.  She wasn’t a bad roommate and aside from the usual annoying stuff that happens with roommates, the fact that I was spending more money (instead of saving) just added insult to injury and made the situation worse for me.  Well, that and my totaled car, but that’s a different story.

Lesson: If you’re going to get a roommate, make sure you’re on the same page.

Happy Hingepin Day!

via malljes13.tumblr.com

I’m celebrating today by driving 400 miles across Texas, but no matter… it’s Hingepin Day!

What is Hingepin Day? It’s the day I had that moment. The one Dave Ramsey describes as:

Les Brown, the great motivator, said people change their lives when they say “I’ve had it!” When you have that moment, that’s when you start to change things in your life. Your life swings on moments like that; it’s a hingepin moment. Circle that day on your calendar, because it’s a day that your freedom began. (source)

Well I circled the day in the calendar and set up a reminder, because really, all too often we I focus so much on the difficulties and how far we I have to go, instead of how far we’ve I’ve come. (I’m the worst offender lately.)

So today I celebrate whipping myself into shape and the $9k+ of debt that has been erased from my life since last May… meaning I am officially HALFWAY THERE!!! Time to break out the party hats (or go for a 10 mile run, whatever floats your boat).

I feel stressed, but I no longer feel the burden. The debt no longer crushes my life, my livelihood and my soul. Don’t get me wrong, I am so, SO ready for the remainder to be destroyed, but I can breathe now. In the past, a couple hundred dollar medical bill would’ve crushed me, but now it’s manageable. Bills are annoying, but they no longer control me.

And on the fun side, if I want to take a trip to New York or Portland, I do. Hingepin Day is definitely a day to be remembered and celebrated in my personal life. Looking back to where I was then and where I am now, I can’t help but think… Life. Is. Good.

So close, yet so far… and other thoughts

via pinterest

“Consider, Sir, how insignificant this will appear a twelvemonth hence.” – Samuel Johnson (via The Happiness Project)

Happy Friday everyone!  After the stress I’ve been feeling the past few weeks, I finally got a couple solid nights sleep (and a three day weekend!) and my mood has improved. I had a lot that I wanted to talk about today so this post might be a little random….

First of all, I am SO close to being rid of my credit cards. Sooooooooooooooooo close. I am down to about $900 on one card.

The hardest part is that I have the money in savings to get rid of the consumer debt, but still having the student loans I realize that would be stupid.

It’s so tempting though.

Goal: To have the card gone by the end of June!

***

Next up, I have a lot of random food at my apartment in the freezer and cupboards so I decided to put myself up to a challenge for the next week.

Challenge: Only eat what I already have.

I am allowed to purchase a couple of staples (milk and eggs), but everything else has to come from what is already in my cabinet.

***

I’ve read a lot of great blog posts lately… here are some of my favorite:

Dave at What’s Dave Doing writes Just a little longer, about following your dreams, regardless of the reasons you can’t.

Chris Guillebeau at the Art of Non-Conformity writes How to Go Everywhere on your mentality as they relate to choices.

Christine of C’est Christine writes This is Your Life. Self-explanatory.

 

April Financial Summary

So April ended up being a little depressing as far as financials go.  The major events were that I moved (bye bye moving fund!) and I went to both the dentist and the optometrist (huge hit on cc#1). Oh and I went skydiving.  Everything else was mostly fine.

Debt

Here’s how things look:

As a reminder, you can view the full, most up-to-date debt spreadsheet here.

Budget

My budget is so shot I don’t even want to look at it again. I know denial is bad, but I know where things screwed up (doctors) and it’ll be better in May. I guarantee it!

Net worth: $18,282.32  (down 10.10% from March)

I’d be upset about the decrease, but I needed to see the doctors. Oh well, stay tuned to see how May ends up!