<< Back to all Blogs
Login or Create your own free blog
Home > Category: Changes

Viewing the 'Changes' Category

Happy Blogoversary to Me!!

November 23rd, 2008 at 10:20 am

I started my blog here one year ago today! I have really made some good progress, and look forward to making even more during the coming year. A few changes that I have noticed about myself in the past year:

1. I have not used credit cards AT ALL in 2008. This is the first year I have EVER been able to say that, since I got my first credit card in 1982!

2. I have managed to pay off 13% of my debt (a little more, actually, since I update my pie chart at the end of the month).

3. I started a 401K at work, and I have 6% of my salary withheld each pay period and my employer matches it 50%. I plan to bump up this percentage when I pay off all my CC debt.

4. My whole attitude about spending has changed. Gone are the days when I spent money like water (i.e., charged stuff!) and got fast food for my kids every time I heard "Mom, can we ..." I NEVER thought I would change as drastically as I have in this area!

I seriously need to get busy rebuilding my baby EF, it's gotten far too low! I withdrew most of my money from TD Ameritrade to do Christmas shopping, which has been my plan all year (I started this account as a "Save Yourself" account, which Suze Orman was touting, and I finally got my $100 bonus recently). What WASN'T in my plan was depleting my ING acct. (my baby EF) due to the reduction in child support which took effect at the first of June. Now that I've gotten a promotion at work and my salary has increased, things have stabilized and I can concentrate on building my savings back up.

I opened an account through Venture Direct (online) -- anyone have an account with them? They've been advertising an APY of 3.8% so I opened an account with them this past week with an initial deposit of $25. The APY on my ING acct. is 2.75% and the APY on my TD Ameritrade acct. is 1.0%, so my plan is to close the TD Ameritrade acct. and move that money into one of the other accounts. The $50/month automatic transfer I have set up to go into that account will be changed to go into my ING account, and I set up another $50/month automatic transfer into the Venture acct. beginning next month, for a total of $100/month automatically being saved, yay me!! (Before I started this blog, I saved $0/month!) Depending on what kind of merit increase (if any) I get after the first of the year, I may bump those amounts up. I also plan to look seriously (again) at moving out of the rent house I am in ... hopefully in March. I need to get my butt in gear and start decluttering and have a couple of garage sales (which will also net me some cash)!!