So every month I look up all of the balances on my credit cards and enter them in my spreadsheet and calculate how much I have paid off since January. It's a huge motivator for me. My issue is fighting the desire to check them every 3 days, even when I know the balances haven't changed
My 2nd job pays opposite weeks as my full time job, so I have a paycheck every week, and I spend the 6 days in between paydays pretty much obsessing over how much debt I will pay down with the next check. While some may say it is good that I am so motivated, it gets a little overwhelming.
Plus this month I had to pay $1100 in personal property tax that I had not budgeted for, so that money went there instead of too my credit card. I know June won't show much improvement, yet I still can't wait to add up my balances!
Anyone else like this and how do you cope?
I'm NOT a patient person...
June 6th, 2014 at 01:43 pm
June 6th, 2014 at 02:00 pm 1402063215
June 6th, 2014 at 02:02 pm 1402063331
The good thing is that at least we pay attention to our money. I think so many don't know their expenses or income and are just taking everything day to day which is not a good approach either.
I think for me I just love crunching numbers so I probably will always be this way. I noticed you have paid off $5000+ since January so you deserve a pat on the back for that. Keep up the good work!
June 6th, 2014 at 02:12 pm 1402063936
I'll have to check out Swagbucks - I have signed up with them with haven't really done anything. I'm already working 2 jobs, so anything else I do needs to be money I can earn sitting on my butt spending what little time I have with DH.
My raise will come in July (I hope, it's only been a measly 1.5% for the last few years) so that will be another $50 a month to add to my debt snowball. I think once I get the first card paid off I'll feel like I'm making a lot more progress.
Also, my snowball only includes my weekend hours at job #2 and any evenings I've already been been scheduled for. (I calculated a monthly average since the amount is going to fluctuate.) Any evenings I get between September and the beginning of February (as far as I've calculated so far) will add to my snowball amount.
I've even gone into my spreadsheet and marked when DS#2 starts kindergarten (September 2016) because then my daycare costs will drop by about $500 and then the debt will be gone in no time!!
June 6th, 2014 at 03:32 pm 1402068752
June 6th, 2014 at 05:33 pm 1402076030
June 6th, 2014 at 06:20 pm 1402078824
June 6th, 2014 at 09:19 pm 1402089578
Inventorying under the sinks revealed too many containers of cleaners with tiny amounts remaining, not even practical to decant. It was easy to group products into a cardboard 6 pack holder and set one under each of the sinks to use up. In most instances adding hot water stretched use without impacting effectiveness.
June 6th, 2014 at 09:26 pm 1402089978
June 6th, 2014 at 09:39 pm 1402090794