Hello Fools,Well, I get paid every other Friday, and this is another one of those great Fridays so I'm posting my debt progress. It's not terribly good this time around--I'll tell you about that in a minute.Card 5/1 Balance 9/27 BalanceDiscover 1337 0MBNA 7875 10999Citi 7736 0Bank Loan 8535 8136--------------------------------------------------------Total 25483 19165This balance is only $158 less than 2 weeks ago, and only $573 less than 4 weeks ago. That may sound great to all of you, but it's not exactly spectacular compared to my previous months.The past 2 weeks, the emergency fund went up by $26.80. $10 represents 5% of my overall snowball amount, which is what I always pay into the e-fund. The other $16.80 is interest on the account. The total now is....$6430.84Considering that some other pay periods I have reduced my debt by $350+ dollars, I am not exactly enthralled with only a $158 reduction. The biggest reasons for less debt progress the last 2 weeks are:a) I have not been as disciplined about curbing eating-out expenses lately.b) I had to buy clothes. I have never been good at budgeting for clothes!Fortunately, I have some ideas for how to counteract these problems that I am putting into place. On the clothes front, I have started a new freedom fund sub-account for clothes. As a starting point, I am putting $30 every 2 weeks into this account. I don't know if that is too much or too little, but even if it is too little, having some of the $$$ there is better than just not paying attention to this area. Since I spent $164 last Saturday on clothes, what I've done is start my freedom account $164 in the hole (I already wrote a check to discover to pay for the new clothes). To pay myself back that $164, I am going to take 20% of my snowball and put it into the clothes subaccount until I'm where I'm supposed to be. (In other words, if it takes me 4 pay period to pay myself back, I want the balance in the clothes subaccount to be $120 at that time.) I'm sure this is clear as mud, but it makes sense to me.On the eating out front, the main reason for this problem is that I have been workign a lot of hours lately on a big project, and just haven't been quite as disciplined with making sure to bring my food. I've also been a little lazy on some weekends and getting take-out that I don't reallly enjoy all that much. (Mcdonald's falls into the category of not-very-enjoyable takeout. My favorite Thai joint, which i go to every 1-2 weeks, does NOT.) I also just plain walked out of the house wihtout a lunch I had already packed TWICE this week and had to go to the cafeteria. To reduce expenses in this area I will do the following:a) Get back into the cooking-great-stuff-on-the-weekend routine so I don't want to go out during the weekb) Make sure not to forget my lunch. (Things are slowing donw a wee bit at work so I think this won't be a problem)c) Buy canned soda on sale at the grocery store this weekend. This is sort of unrelated to the original problem, but still an area I can cut out spending $$$. I frequent the soda machine at work quite often, and I spend a fairly sizeable chunk of my $80 per payday cash allotment on those machines. This payday, I am going to take out $10 less from the ATM for the next 2 weeks and buy soda at the grocery store to keep in my cube. We'll see how much having that soda reduces my cash outlay.I hope everyone else is doing well. sorry this got so long-winded.d
Card 5/1 Balance 9/27 BalanceDiscover 1337 0MBNA 7875 10999Citi 7736 0Bank Loan 8535 8136--------------------------------------------------------Total 25483 19165
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