<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Archive: March, 2015
 

Archive for March, 2015

I said NO and it hurts so bad

March 25th, 2015 at 08:10 pm

(This is a post that only purse lovers would understand)

So, Kate Spade sends me an email this morning about a purse that is $100 off today only. I looked, coveted, and drooled all day long.... but I have finally decided to just say NO because it's the right thing to do. I certainly love this bag but I certainly don't need it nor do I have an extra $200 to spend on it either. But, gosh darnit, I can't stop thinking about it.

As luck would have it though, I just sold one of my brand new Dooney and Bourke handbags that I bought for a steal (around $90) and got $160 for it which means a profit of $70. I've tried and tried to sell it over the course of the past year or so with no luck until today... the day that Kate Spade tempts me so. But, I'm holding strong and will save that $160 inflow of cash instead of spending it and then some on a new Kate bag.

The right decision is sometimes (always) the hardest decision.

Final consignment sales total

March 17th, 2015 at 08:29 pm

The final total from our local consignment sale is a whopping $370.20! These funds will go into our ST savings account for now... not too shabby for stuff that was laying around the house.

$11,743.17 is such a pretty number

March 16th, 2015 at 06:45 pm

This is the balance in our short term savings account right now. I know many of you have lots more than that but this is an accomplishment for us. I realize that this number may fluctuate as we need to use it for short term expenses (like annual car insurance bills, etc) but I am enjoying just looking at it today and my goal is to keep adding to it as much as possible.

Easy money in my closet

March 12th, 2015 at 06:59 pm

I returned some clothing to Old Navy today. I had purchased them using their "Super Cash" promo just to purchase them... nothing I needed at all. So, I finally just took them all back and now I have my $82.99 back in my wallet instead of a bunch of clothes I didn't need to begin with. Feels good.

We are at $540 in sales with the consignment sale which means $324 for moi. Loving it, but we are nearing the end of the sale which means that I won't get too much more, I doubt, but we'll see.

Consignment sales update

March 9th, 2015 at 02:33 pm

We have a local consignment sales event a couple of times a year. There is a week left and this what my sales look like right now.
They get 40% and I get 60% so the $307 is what I've made so far!

(sorry for the sideways pic)

It's been over a year!

March 9th, 2015 at 01:37 pm

So, I'm finally back. I didn't realize that my last entry was over a year ago but it's time to get focused again on our finances. I won't go into detail as to what our goings on have been this past year but instead put down our thoughts and goals for the present:

1) Savings:
We currently save $1200 from our paychecks each month. $250 has been going into ROTH accounts. $150 has been going into a long-term (LT)savings account. $800 has been set aside for short-term (ST) savings each month.

We currently have just $2,500 in our LT savings (a mutual fund account)

We currently have $7,600 in our ST account and I have $3,000 in cash at home that I have been socking away anytime we get extra cash. I will be depositing that $3,000 into our ST account today so our balance will now be $10,600. There have been times where we need to tap into this account for annual bills like life insurance and such so this balance will fluctuate but that's what it is for.


2) Debt:
Our debt load currently looks like this-
Mortgage loan 1 balance $238,515 (renting this one out)
Mortgage loan 2 balance $287,955 (our home)
Car loan 1 balance $13,168 1.95% (purchased Jan 2014)
Car loan 2 balance $21,645 3.59% (purchased Jan 2015)
Yes, I know these are scary numbers.
No unsecured debt.

My conundrum is whether or not to stop putting away any or all of the $150 LT and $800 ST and instead divert those funds into paying off one our car loans. We have been paying more than the minimum each month but adding more to one of them would snowball it quickly. What do you all think?