Tuesday, February 22, 2011

March

bill chart - March 2011


Yay!!! Tons of progress this month.

Now that I have our final balance, I added the medical debt into the total which is on track to be paid off in September.

The van loan is next. We hope to have that paid off by August.

Can't believe we have come this far in only 15 months. Can't wait to see where we are at in 15 more!!
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Tuesday, February 8, 2011

medical bills

It was really hard to know exactly what our medical debt would end up at last year, so I always just put a ? by that debt in our chart. Now that all the bills are in, I can see what we have left to pay.

We had about $1,800 from the end of 2009 and $4,000 from 2010. Of that total, we have just a little over $2,500 left to pay. We are paying between $320 and $440 a month on them right now. It won't take very long at all before those are also paid off. Then we can snowball that amount onto the next debt.

I will start adding the balance that we owe on medical debt to the chart starting next month.

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taxes are done

I am so excited!! Along with the $400 payment I made last week on the Discover card, it looks like our tax return will be just enough to pay that sucker off!!!! Then it's on to the van loan.
Whoo Hoo!!!
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Monday, February 7, 2011

yay...a better interest rate

I have been calling around to see if anyone out there would be able to give us a better interest rate on the condo we still own. From what I am understanding, that loan carries a higher risk because it's not our primary residence. The condo has also lost value over the last 2 years and so the combination of the two does not qualify us to refinance. Our tenants (who we love by the way) will have been there 2.5 years next April. If you remember, we signed a 3 year contract with them. The plan is to put it on the market next April in hopes it will sell by the time their lease is up. If not, they have already expressed interest in renting from us for longer than the 3 years. We really have no idea if or when it will sell, so we figured we might as well see what we can do about a refinance. We are bummed that we can't take advantage of the low rates right now, but in calling about the condo, I ended up asking about the van loan and the mobile home loan....something I don't think I would have thought to call about otherwise.

We ended up refinancing the van loan. We had to shorten the term of the loan (which is fine because we plan to pay if off in this next year anyway) and increased our payments by about $100 but we were able to lower the interest rate to 4.1%. YAY!! Any little bit helps!

We were not able to go ahead with a refinance on the mobile home loan right now because apparently there are some new Federal laws that the bank needs to sort through before they can go forward with any mobile home loans of any kind. They hope to have that taken care of in about a month. If that happens, it looks like we would be able to cut the interest on that loan as well.

Dave Ramsey is not a fan of the whole credit score thing because inorder to have a high one, you need to have a history of borrowing money. However, because we are making such big payments and have paid so much off, our credit scores went from really good to excellent. That and having less overall debt is why we were able to get better rates now.
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Thursday, February 3, 2011

meal planning

I was asked to touch on the topic of meal planning in one of the comments a few posts back. I guess I don't really do a lot of traditional meal planning. I would say about 80% of what we buy is staples. I don't make a lot of "recipes", so there is not a ton of planning that I need to do. Not much that we eat requires a ton of ingredients either. We just eat as healthy and as simple as we can. Nothing is very fancy at our house, but that is how we like it.

I would say the biggest thing we do to keep our budget down is avoid the typical kid foods and packaged stuff. Lunchables would be a perfect example. Not only are they terrible for you, they are SO expensive. We don't buy anything, other than granola bars, that come individually packaged. It's just a waste of money.

Instead of individual yogurt cups, we buy a big container and use bowls. And I have about 7 little containers for the kids lunches at school. Applesauce is the same thing. It's so much cheaper this way and there is a lot less garbage.

Individually wrapped string cheese is another good example. A lot of what you are paying for is just plastic. I buy blocks of cheese and cut it into little squares.

I used to buy boxes of individually wrapped oatmeal until I realised how easy it is to make ourself. We buy a big container of whole wheat oats and add anything from apples, raisins, cinnamon, vanilla, nuts and a little brown sugar. The kids love it. It's healthier and we can make triple for the same price.

I think a lot of parents tend to spend way too much money on "kid food". It's just not necessary. And where you save by not getting sucked into the fun packaging, you can afford to feed your kids more healthy choices. I see tons of parents purchasing fruit cups in syrup thinking it's a good choice, but a fresh pineapple or cantaloupe will cost less and give you more fruit. I can easily get either of these two fruits for $1.99 if I watch for sales.

We don't buy things like sugary cereals, cookies or juice boxes. (well, I do get juice boxes for special occasions like camping trips, but not often) These type of foods really add up.

My kids have learned to love things like hard boiled eggs and humus and crackers. And a typical snack around here is pretzels and a raw veggie or a fruit. None of these types of things take any planning at all.

As the kids get older (especially the boys) and Dan is home more for meals, I am sure we will start making bigger, more planned out meals. But for now, homemade soup and sandwiches, chicken and rice, breakfast foods, and spaghetti are big hits at diner time. I try to always have these things on hand and we just eat what we feel like for that day.

I try a new recipe about twice a month and I am asked to bring a dish to pass here and there, but other than that, there is not a ton of meal planning at our house.

Sorry I couldn't be more help. Like I said...we keep things pretty simple around here.

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