April 2017 – Credit Card Update $8,595.70

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Updated the table again with April actual numbers. I came up short by about $309. $110 of that was my car alignment. $107 was my fitness watch. $40 were tolls. I almost never take the tollway but was running late to work / social gatherings a few times. It’s not the end of the world though.

Frontier finally sent me a credit for the service I cancelled in December. It was $75.74. Some might use that for a nice dinner out, but for me that money went toward my AT&T Wireless bill for the month.

May will be a better month, but the important piece is I’m tracking everything. I was over $10k in February and have been chipping away.

It’s been a while since I spoke about retirement. So here we go…
401k: $25,279.79
Roth IRA: $907.15
Total Retirement: $26,186.94

Debts:
Car Loan @ 1.9%: $25,174.07
Credit Card: $8,595.70
iPhone 7 Plus Installments: $666.99 / $869.99
Total Debt: $34,436.76

I think $2k/mo is the most I feel comfortable paying on credit cards without being stressed out about having anything leftover. Thankfully this is short term and not forever. I don’t know 401k + Roth combined.

Also am getting the urge to travel more on the cheap. After Mexico and one NY trip that may be it for 2017. Starting 2018 I’d like to make that 4 times a year. We’ll see.

Gratitude – Random thoughts

If you’ve been reading my blog for a while, something I frequently  remind myself of is to have gratitude. Even when things may not be perfect *yet* there still is a whole lot to be thankful for. Why do I have gratitude today?

  1. Officially getting a promotion in the next 2 weeks. Fancier title and more money are both pretty big wins in my book.
  2. So I bought a new car a year ago. My payments total $32,460. My payoff as of today 4/22/17 is $25,164.91. That means 19% done. With my compensation increases, I’m essentially basically covering the entire car payment. If I get bonuses that will go above and beyond. I remember years ago struggling just to pay a $349/mo payment and almost 6% interest on top of that.
  3. Along with point #2 I am comparing my pay when I was in New York vs where I am today. My net is over 250 higher%. That’s not including a 401k match or what I contribute. Leaving the banking industry was probably the best thing I ever could have done for my career.
  4. I’m making progress. Instead of 1600/mo toward credit cards I think I can pull $2k/mo. It’s a short term thing fortunately.
  5. Friends – Glad to have people around who are supporting my efforts to grow and become healthier.
  6. Health – My dad was on dialysis at my age and had other health issues which severely limited his options to do much. I am fortunate enough not to deal with any of that. I’m overweight (working on that), have minor stuff like asthma but that’s it. One of my aunts has emphysema, requiring the use of an oxygen tank. My grandmother also struggled for years with the same thing. It’s so easy to take good health for granted, but I try not to.

The last point is… on life – Each day is an opportunity to see more of the world, meet great people and grow as an individual. Hopefully meet a special guy someday. Overall I feel happy and relatively free to go where I want and spend time with who I want. I count my blessings everyday in a world where bad things happen to good people everyday. To be miserable and angry all the time is a horrible way to live. No one truly knows what the future holds, but I will try my best to make it a great one.

 

Deja Vu

This all is starting to feel like Deja Vu and not in a good way. Let’s give you an update.

  1. Switched my upcoming 401k contributions from a Roth back to the traditional. Still want to get the match but cut back my immediate tax liability to apply money toward debt.
  2. Booked my trip to Mexico. Total round trip is $189.95. I got a credit from my New York trip cancellation back in November.
  3. Booked a room for said Mexico trip in Puerto Vallarta through Expedia. It was $691.18, less taxes it’s $586.47 and getting 10% of that back through EBates. I also get 1% back from the credit card I used. Supposed to be splitting it with a friend. My estimated cost is 346-5.86-6.91 or $333.23 for three nights.
  4. Got $162 back from credit card company for a defective Fitbit Charge HR. The only catch is I had to buy a replacement item after I filed the claim. The new watch I got was $269. I can still sell the one I bought a few months ago I estimate for between $80 and $120. Or I could give to my mom who is trying to exercise more and stay healthier.
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  5. Went to a ranch/cabin early this month with friends. My contribution was $100 and I had to buy gas to get there and back. Went through about a full tank. I also gambled at Winstar and spent a whopping $11. I didn’t want to spend the $5 fee at the ATM especially if I was going to lose the money anyway.

     

  6. Replaced the air filter and in-cabin microfilter in my car. The parts were $27.37. Both filters took less than 30 minutes to replace. A friend went to the same dealer to have them do it and paid almost $200 with labor included. Screw that, you don’t even need tools!

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  7. Requested a disbursement of funds from my HSA to my checking account. Since I put it on my card I might as well use it to pay off the credit cards sooner. $200.
  8. Car payments are almost 20% done. Currently owe about $25,200. I do want to speed it up at some point but now I’m all tapped out.

Kinda had one of those aha moments. How much no car payment would mean to my amount of free cashflow. That and no credit card payment would be over a 50% raise considering how aggressive I am. 50 friggen percent! Fuggetaboutit. Stay hungry, stay foolish and enjoy life.