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Seriously Derailed

January 26th, 2008 at 07:30 pm

I am still around, but have just been lurking. I can't stay away from this site, I read everything! I dream of being able to post about MY success, but I haven't made any strides yet, so I have not posted. I need to get myself on track.

Christmas buying really put me in a bigger hole than I either planned or realized. I couldn't pay all the minimums on my credit cards in December, so I incurred some late charges ... which, of course, has just gotten me further into the hole. Trying to get caught up this month has left me flat broke! Add to that the fact that my ex got a new job, so he's going from paying me child support in full at the beginning of each month to paying half of it twice a month, when he gets paid. So I have some adjustments to make to get used to that new set-up. It will all work out, it will just take a little time ... and I am impatient, especially when I'm waiting for $$$ because I currently have none!

I have to amend the rules I made for my own challenge. The PayPal funds I transferred into my challenge account at the beginning of the month had to go towards bills. I figure that ANY substantial amount needs to go towards building my EF, then to paying down my debt. Given that, the larger amounts I get from eBay sales as well as the garage sale I plan to have in the spring will go towards savings and debt reduction. My challenge fund will consist of smaller amounts that come from coupon use when buying groceries, as well as awards from doing surveys and completing rebates, things like that. Following those guidelines, my challenge fund currently stands at $87.22!! This comes from a couple of rebates, coupon use, and my first check from Cash Crate. Oh, also a check I got from my insurance company last week in the amount of 8 CENTS!! Please.

I still don't have my bonus, but I think that is paid this coming week (end of month). I don't anticipate much, and I am struggling so to get caught up with my bills, I will probably use it towards those. I am also waiting to receive the W-2 from my last job (which should arrive this week as well), so that I can do my taxes. I already estimated I will get several thousand back (due to the EIC), which will be great. I plan to use it to fund my baby EF first, and the rest will go towards the CCs. I also need to buy a few clothes, since I have lost enough weight now to make a big difference in how my current clothing fits! But I am going to stick to resale shops for that, especially since I still want to lose enough weight to make a difference of another size.

I have been doing really well as far as recording and tracking my spending, and I've taken my lunch to work every day, so I am proud of myself in those areas. Between budgeting and dieting, taking lunch to work is a necessity!

5 Responses to “Seriously Derailed”

  1. Ralph Says:

    I'm with you, Lady T! Christmas has ALWAYS been a HUGE bone of contention between my wife and me. I think it is insane to sink further into debt every year because of it, but she won't hear of cutting back. Actually she has cut back some, but it's still a huge budget buster. It drives me insane. So for years I bit the bullet and accepted it, and as a result here I am, struggling desperately to trim the budget to pay for college at the same time as CC debt. Not fun, but it sounds like you are hanging in there as am I. I don't think you are seriously derailed at all - heck, losing weight is a darn good accomplishment alone! Please don't lose hope and keep on plugging. We're here for you.

  2. scfr Says:

    All of us take 2 steps forward and 1 step back at times. It sounds like you are doing really well and have your priorities straight.
    The Challenge is great to do, but not at the expense of other things such as CC debt or the EF, so kudos to you for putting them first! Tracking your expenses and bringing your lunch to work each day are going to payoff BIGTIME down the road.
    Good luck getting ready for that garage sale!

  3. nance Says:

    A little setback isn't going to derail you! Sounds like things are currently under control and you are focused.
    I was a single mom of three teenagers, and I know it isn't easy. Once those credit card bills are behind you, life will be much easier.

  4. koppur Says:

    Setbacks are tough, but you totally have the right attitude for this! You are really focused, and willing to do this. It'll be sow for a bit, but keep at it. Remember, every penny counts (yes, even that 8 cents from your insurance company!)!

    Keep us updated!
    Good luck!

  5. Amanda Says:

    Sometimes I feel overwhelemed as the single mom to a three year old, but I can say I am honestly thankful that I am not the single mom *yet* to teenagers. Wow, keep your chin up, you have the hardest job in the world!

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