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Archive for February, 2008

Sorry I've been gone so long

February 16th, 2008 at 03:27 am

It looks like my last post was in the beginning of January. I've finally worked out a good school schedule and am now starting to work ahead. Of course, I only have 10 more weeks to go this term and then I'll have to start it all over again.

I guess a lot has happened financially since the last time I wrote. My net worth has increased by about $2000, my debts have decreased by $235 and some change, my $20 challenge has increased by $253.93, and I've increased my emergency fund savings.

But the real changes are going to start happening by the end of the month. We are getting $3242 in a tax refund (that was too much so we changed our withholding AGAIN as soon as I did our taxes. the 2006 refund was over $3900 withholding 4, 2007 was $3242 withholding 6, so now we are at the maximum allowed for us withholding 9). So that tax refund is being used to put an additional $1000 into our emergency fund account and $2242 towards paying down our credit card.

In addition to that (though I'm not really counting on it because DH has only been there since August...just hoping), DH may or may not receive a raise and bonus starting Feb. 29th (we'll know the day before). That will also be used to pay down the credit card, if we get anything. Otherwise, I'll just be making my normal $200 payment next month (regular payment + extra). Once the credit card is paid off, then I'm going to find an additional $33 and make two payments each month to the truck loan instead of one (the $200 payments from the credit card + $33 to make up the payment amount of $232.76 + $0.24 for transfered round up funds).

Also, in April our mortgage payment goes down due to a decrease in our escrow payments. So that total goes from $920.01 to $885.21 per month. I'm not sure how or when our payment will change again with the new property tax change here in Florida. It raises the homestead exemption from $25,000 to $50,000. It is supposed to go back to January 1, 2008, but the mortgage company only re-assesses the escrow account once a year so I'm sure I won't see another decrease until April 2009 because of it.

Let's see what else? I'm buying new tires for my car in cash tomorrow! Yay!

So I think all in all that's it for now. I'm sorry that I haven't been around much lately, but I have to take care of family and school first before I can go on too many other websites. Oh and so far I have all A's in my three classes. We'll see where I end up in 10 weeks. In 3 weeks I'll be able to see what classes will be available for the summer and fall terms and 3 weeks from there I can register for them. I'll be taking 2 classes over the summer and 4 during the fall term.

OK...I'm going to go take a look at what others have been writing lately. I've missed so much and it might be a while before I can get back again. Take care everyone!

Andrea