Archive for July, 2013

Ok so remember how we said we were going to try and figure out a way to still be able to purchase a new vehicle through our existing finance company – well we did talk with them and as it turns out they suggested we go to one of the dealerships they work with directly as we’d have better luck  with one of them if they used Credit Acceptance.  So that’s exactly what we did, we nailed it down to one particular dealership, Jeff Gordon Chevrolet, here in town – initially we started with the Pre-Owned group – test drove a nice Subaru Outback and looked at another HHR – we decided ultimately the HHR would suit our needs better than the Subaru – so we run the application for financing and BAM declined.  Well no real surprise there as we owed $3600 worth of negative equity on the Focus.  So then our salesman suggested we look at a new model vehicle as the incentives they had running would cover the negative equity and we’d have better luck getting into one of those.  Ok so they have us test drive a 2013 Chevy Malibu – to say we fell in love with the vehicle is a VAST understatement.  Run the financing and BAM we’re approved! Holy CROW are you friggin serious? Yup! Ok so we go through the process of some back & forth negotiations and ultimately agree on a $494.75/mos payment @ 8.99% interest rate with $900.00 down payment! We sit down with the finance guy, sign all the papers and they give us a dealer tag on the condition we get something from Citi showing we’re either approved for the restructure (which we weren’t) or we’re current on the mortgage (which we’re not) – so we take them a letter yesterday we rec’d at the same time as the reject letter stating they’ve received our paperwork and it’s in processing for the next 30-Days….well that’s a no go with the bank…DAMN! We drove around that wonderful new model car for four days only to have to give it back last night…I am so ticked! We knew what was going to happen but we prayed for a miracle.  The finance team told us our credit alone was what got us the approval but the bank dug a lot deeper and decided the restructure was a no go…so we’re back in the Focus.

Now I am one to believe in Fate and Destiny so much that I know without a doubt that there’s something bigger or better for our situation out there – something else is going to land in our laps and this was just Fate’s way of saying – Nope there’s no way you’d have been able to afford that monthly payment with the increased Insurance Payment (which would have been $106/mos) so that’s what an additional $199.00 a month we would have had to try and squeak out of our already tight budget?  Yeah probably for the best.

So where are we now? Well Jimmy’s applied for an employee hardship assistance through his employer to help us with the back due on the Mortgage, if that goes through we’ll be even with Citi.  If not, then we’re talking Chapter 13 bankruptcy…not ideal but it is what it is.

With all of that being said here’s last week’s budget – you’ll see the transfer in from savings for the down payment and then the payment out to the dealership for the down payment – I am picking up the check to refund our down payment this evening after work and that’s going back in the budget for Week Ending 06.21.13…

 $54.86 Remaining from W/E 07/07/13  $493.48 Lara W/E 07/14/13 Salary
 $40.40 Amt. Spent  $251.79 Jimmy W/E 07/14/13 Salary
 $14.46 Avail. Starting  $745.27
 $11.30 McDonald’s  $14.46 Avail. Starting
 $3.51 McDonald’s  $745.27 Total Pay
 $1.61 PetsMart  $759.73 Avail. For Bills
 $3.02 KTC  $730.00  Transfer in from Savings
 $6.39 OnStar  $1,489.73
 $5.00 Coastal Behavioral  $6.53 Adj
 $3.18 PetsMart  $1,483.20
 $6.39 OnStar
 $40.40

 

 $1,483.20
 $25.00 DB Plumbing
 $1,458.20
 $80.00 Brigades Boys & Girls Club
 $1,378.20
 $5.00 OT Solutions
 $1,373.20
 $7.99 Hulu.com, 7/21 Auto-Draft
 $1,365.21
 $5.00 CCA, 7/22 Auto-Draft
 $1,360.21
 $21.39 Blockbuster, 7/23 Auto-Draft
 $1,338.82
 $170.00 Groceries
 $1,168.82
 $25.00 Jimmy’s Money
 $1,143.82
 $25.00 Dinner, 7/19
 $1,118.82
 $40.00 Gas
 $1,078.82
 $25.00 Cat & Dog Food
 $1,053.82
 $20.00 Lara Co-Pay
 $1,033.82
 $900.00 Jeff Gordon Chevrolet
 $133.82
 $75.00 Progress Energy
 $58.82

And now with the cash withdrawal:

 $1,483.20
 $25.00 DB Plumbing
 $1,458.20
 $80.00 Brigades Boys & Girls Club
 $1,378.20
 $5.00 OT Solutions
 $1,373.20
 $7.99 Hulu.com, 7/21 Auto-Draft
 $1,365.21
 $5.00 CCA, 7/22 Auto-Draft
 $1,360.21
 $21.39 Blockbuster, 7/23 Auto-Draft
 $1,338.82
 $320.00 Cash for the Week
 $1,018.82
 $900.00 Jeff Gordon Chevrolet
 $118.82
 $75.00 Progress Energy
 $43.82

Seriously the whole situation makes me want to throw up – so I am going to try and not think about it

Lesson Learned: Don’t count your chickens until your eggs hatch – meaning make sure you have absolutely everything in line before you even think about trying to finance a new car…we always seem to make the same mistake when car shopping…we have less than a year left on this loan and with the increased payments I am hopeful we can pay it off sooner or be within 2-3 payments before payoff come tax time next year…crossing my fingers!

Seriously??!?! So here’s a mid-week update to keep my Friday budget post from becoming too long –

After FOUR (4) yes I said FOUR Months of waiting we FINALLY heard back from Citi about our restructure and what do you know??? It was DECLINED citing spending habits vs. actual need – so then I guess that the fact that several unexpected expenses bulked together with lost working hours was the only cause for getting (5) months behind on our mortgage??? Seriously…I understand that’s what the issue was but when we added it all up the total amount going out was more than our income and it was BAM BAM BAM one expense right after the other we couldn’t catch a break until almost Halloween…and then when we ask for help from the one place that coule provide it, yup DENIED!  I am so frustrated I don’t know where to begin.  So what do they tell us??? Pay what you can and try each month to make a full payment – um what about that $5K+ that is  back due on the loan – no answer…gee Thanks!

So now that’s finished we figure ok since one situation didn’t work out, perhaps our second one would…replacing the money pit that our car has become, a 2000 Ford Focus with 130,000 miles on it – the “new” alternator that was put in last Fall may not have been installed correctly or might not have been the only issue, I have ZERO Clue – all I do know is this – I have to ‘prime’ the engine when I stop for a red light – meaning I have to apply the brake and lightly apply the gas in order to keep the car from stalling.  And yes I still have to do this even after replacing the battery (after my 4th stall out waiting to get off property from my job)…in April…we’ve had tune-ups and oil changes done to no avail it still does it.  Then recently my brakes have decided to ‘grind’ which I know means one thing and one thing only – Roters need replacing – those suckers are pricey as all get out – fun right?? NOPE!

Now we’re going to try a 2nd route with maybe replacing it – my hubby thinks he might be able to talk to our finance company and see about them pointing us in the direction of a replacement/new loan through them so we can get out of the money pit it’s become…that call is being made tomorrow morning…let’s hope it works…

The only bright light that came from the last 48-hours – my Wedding Song was playing on the radio today, going to post a video here for everyone to enjoy!

 

Lessons Learned: Don’t rely on just one route to correct a problem…always map out more than solution to an issue and prioritize your housing over every other expense! Build your emergency relief fund as it’s the only way to keep yourself out of hot water later down the line!

Man alive am I behind schedule HUGE this week…I should have posted this on Friday but the weekend got away from us, so here we are on Monday.

That being said our Weekly Cash withdrawal wasn’t enough…WHAT?!?!? We went over budget on just about everything except gas, I went to Target on Friday night and spent $15.00 then we turned around and went to Wal-Mart on Saturday afternoon and I spent another $15.00 for dinner Sat night, then we went and did our weekly shopping on Sunday morning and spent $179.00 – so we were $30.00 over budget all around and that left me with $0.00 for my co-pay at the lab this morning.  BUT thankfully because I didn’t see the doctor there wasn’t a co-pay – which is fine with me because UHC would have just sent it back to us in a couple weeks.  We also have the HRA debit card that I could have used to pay for the co-pay as needed, as is I used it to pay for my prescriptions yesterday morning, which was $8.00.  So that left me feeling less than stellar about our finances and I wasn’t all too thrilled about having to make necessary adjustments to the budget this week to accommodate these overages – BUT it would seem that fate had another thought in mind – I went to OT Solutions this morning and what do I see on the ground outside?? What I thought was a $5.00 bill turned out to be a $50.00 bill!! WHAT??!?! I was very happy to see that! We are putting that into the bank today!

Alright so here we go – the hours I worked were considerably less due to the 4th of July and my office being closed for Thurs/Friday that week – yes while I was able to get about 12.0 hrs. those two days, it still hit my paycheck hard and I lost about $70.00 worth of pay…

 $23.03 Remaining from W/E 06/30/13  $449.07 Lara W/E 07/07/13 Salary
 $33.21 Amt. Spent  $360.23 Jimmy W/E 07/07/13 Salary
 $(10.18) Avail. Starting  $809.30
 $0.90 KTC  $(10.18) Avail. Starting
 $1.61 Wal-Mart  $809.30 Total Pay
 $1.00 PetsMart  $799.12 Avail. For Bills
 $1.81 PetsMart  $55.00  Put Back from Ot, Paid in Cash, Cash Found
 $3.99 Amazon.com  $854.12
 $8.13 Incredible Pizza
 $15.77 McDonald’s
 $   –
 $   –
 $33.21

The previous week we had managed to stay out of our checking account, which is amazing! We haven’t had any need to swipe the debit card however that changed as you can see above…because we aren’t actually doing the final budget until today, Monday.  WOW!

I have some other items to discuss regarding this which will be in another post – as we’ve made some goals for ourselves in order to stay on target with our budget and not get so far behind.

Alright here’s the breakdown:

 $854.12
 $25.00 DB Plumbing
 $829.12
 $80.00 Brigades Boys & Girls Club
 $749.12
 $5.00 OT Solutions
 $744.12
 $125.00 AT&T
 $619.12
 $170.00 Groceries
 $449.12
 $25.00 Cat & Dog Food
 $424.12
 $25.00 Dinner, 7/12
 $399.12
 $25.00 Jimmy’s Money
 $374.12
 $40.00 Gas
 $334.12
 $89.00 APM Int’l
 $245.12
 $20.00  L-Co-Pay
 $225.12
 $150.00 Citi
 $75.12  $75.12
7%  $5.26
 $5.26  $69.86

And now with the cash withdrawal:

 $854.12
 $25.00 DB Plumbing
 $829.12
 $80.00 Brigades Boys & Girls Club
 $749.12
 $5.00 OT Solutions
 $744.12
 $125.00 AT&T
 $619.12
 $320.00 Cash for the Week
 $299.12
 $89.00 APM Int’l
 $210.12
 $150.00 Citi
 $60.12
 $5.26 Merrill Transfer
 $54.86

So I am a tad happier with what we have here – I decided to pay some more to the Mortgage vs. the car payment as Citi needs the funds more than Credit Acceptance, so now we’ll spend the money over the next three weeks paying it – as we’re going out of town the Weekend of the 26th to visit family in MD and our budget that week will be vastly different as we need to pay for a rental car, gas, food and entertainment that weekend.  I only wish I had some overtime to help offset some of those expenses.

So I hope everyone has a Good Week!

Our next post will be the goals we’ve set forward for ourselves!

I am seriously curious, where does our money go? I thought I had a good handle on things, seems not so much – we’re behind on just about everything – Electric Bill, Internet/Phone, Mortgage – some pretty big ones – the car payment and water bill we’re current on and that’s it – and that my friends bugs the crud out of me – I wish beyond all wishes we were current on our mortgage, would make our lives so much easier – we’re STILL, yes STILL waiting on a response from Citi regarding the restructure and I am getting very impatient for an answer – seriously wish they’d just tell us something – anything…ah the lamenting story of my life.

So where are we – surprisingly we’re behind again – while we received three (count them 1-2-3) checks from our Health Insurance for reimbursements for co-pays made for office visits and another check from LCA (must’ve missed a payment going out before the account was paid in full) – so that’s an additional $65.00 that came in this week – all that did was bring us up to where we should be vs. where we are currently.   I am trying beyond reason to figure out why my hubby’s paychecks have been far less than we had been seeing, between $170 – $180 the last couple of weeks vs. the $210 – $220 they had been – that difference of $40 – $50.00 is HUGE for our budget.  So I had to make a lump sum payment to Progress Energy this week and a reduced payment to Citi in order to keep our electric on and I am going to have to reallocate funds next week to AT&T to keep the phone/internet on and then find extra funds to help get our electric bill current so I don’t have to do this again in a couple of weeks…UGH UGH UGH! I am so frustrated!

So here we go:

 $35.29 Remaining from W/E 06/23/13  $491.38 Lara W/E 06/30/13 Salary
 $49.78 Amt. Spent  $170.15 Jimmy W/E 06/30/13 Salary
 $(14.49) Avail. Starting  $661.53
 $2.99 Amazon.com  $(14.49) Avail. Starting
 $1.61 Target  $661.53 Total Pay
 $1.45 KTC  $647.04 Avail. For Bills
 $15.97 Target  $65.00  Refunds from UHC + $5.00 Put Back from OT, Pd in Cash
 $2.27 PetsMart  $712.04
 $15.97 Target  $15.99 Adj.
 $6.00 Tommy’s  $728.03
 $3.52 Target
 $49.78

So as you can see our breakdown above shows we overspent – and we do this week in and week out – I am going to be doing a summary soon to figure out where our money is actually going to so we can try and figure out ways to trim our budget and put money back to pay the mortgage.

 $728.03
 $5.00 Tate & Kirlin, 7/10 Auto-Draft
 $723.03
 $80.00 Brigades Boys & Girls Club
 $643.03
 $5.00 OT Solutions
 $638.03
 $140.00 Progress Energy
 $498.03
 $170.00 Groceries
 $328.03
 $25.00 Cat & Dog Food
 $303.03
 $25.00 Dinner, 7/05
 $278.03
 $25.00 Jimmy’s Money
 $253.03
 $40.00 Gas
 $213.03
 $175.00 Citi
 $38.03

As you can see I had to skip paying DB Plumbing this week – which is putting us behind by a week with them – but the money just wasn’t there with the auto-draft of Tate & Kirlin and the $140 to Progress – it is these things we try to balance each week and where we come up short…

 $728.03
 $5.00 Tate & Kirlin, 7/10 Auto-Draft
 $723.03
 $80.00 Brigades Boys & Girls Club
 $643.03
 $5.00 OT Solutions
 $638.03
 $140.00 Progress
 $498.03
 $300.00 Cash for the Week
 $198.03
 $175.00 CitiMortgage
 $23.03

So that’s all I have to say this week – if there’s anyone out there who has some suggestions I am open to hearing them…

Have a Good Weekend Everyone!