Proverbs 22:7

The rich rule over the poor, and the borrower is slave to the lender.

Friday, July 30, 2010


With the house situation, we hadn't made any true progress on our debt in the last 2 months because we were holding our funds for the house situation. Well, now we're in, it's painted, I have *some* new furniture, but for the most part, we're working on getting settled in. I am excited to see what our monthly utilities are going to look like, because if things go like I think they will, we'll be saving on our regular monthly expenses now, and will require the budget to be adjusted, which will give us a bigger snowball payment each month. That's the plan, anyway.

I also recently opened yet ANOTHER checking account. This one is with USAA and it's going to become our primary checking account....sort of.

Remember how a few months ago we started on the "month ahead" plan? Well, it's working out fine, but I've realized that I'm a little OCD about the money I'm using this month, mingling with the money that I'll be using NEXT month. I know, I know, it sounds corny, and it shouldn't matter since I have a budget. But it does matter. It's a mind game, that's kind of kicking my butt so what I've decided to do is starting with August, I'll let my paychecks deposit to my Regions bank account as it always has. Right now, I'm transferring all the spending money I have for August to the USAA account and will pull out cash each week for my weekly expenses (gas, groceries, blow money, etc). I'll basically leave Regions alone during the month and won't touch it at all until after the final paycheck for August has been received. After it's been received, I'll immediately transfer it all over to USAA to use for the month of September, and the process, will start over...

This way, I wont be tempted to pay September bills early, which will jack me all up with my budget, and whats been spent for THIS month, and what's been spent for NEXT month....and all that mess. I'm certain this will make it easier to manage....

Oh! You may have noticed that I changed the debt thermometer recently. That's because the $50612.50 total figure was the total figure of all my debts prior to us really starting the plan - maxed out CCs, total car loan prices, etc...). I mentioned when we started in Feb 2009, that we had ~$42K in I decided to change it to reflect only what we owed when we started and how much we've paid during that time.

I guess that's all for now... :)

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