Archive for January, 2015

Ugh Ugh Ugh…

We do this time and time and time again – we overextend ourselves and we get ourselves into situations financially that we just can’t overcome…

I’ve done the math with the payments and financials for the new van and I must say I am less than pleased with where we’re at and where we’re going to be.

Here’s the breakdown using our last four (4) paychecks are the basis of our overall budget

W/E Date  Lara  Jimmy
12/21/2014  $    512.23  $    290.12
12/28/2014  $    550.68  $    307.58
1/4/2015  $    471.34  $    286.22
1/11/2015  $    490.92  $    263.42
 $ 2,025.17  $ 1,147.34
Average Weekly Pay  $    506.29  $    286.84
Combined Weekly Pay  $    793.13
Combined Monthly Pay  $ 3,172.51
Expenses: Monthly Weekly
Mortgage  $    860.14  $    215.04
Car Payment  $    538.30  $    134.58
AT&T  $      85.00  $      21.25
Progress Energy  $    125.00  $      31.25
CFPUA  $    180.00  $      45.00
Groceries  $    640.00  $    160.00
Brigades  $    240.00  $      60.00
Dinner  $    100.00  $      25.00
Jimmy’s Money  $    100.00  $      25.00
Cat & Dog Food  $    120.00  $      30.00
Gas  $    140.00  $      35.00
Planet Fitness  $      19.99  $        5.00
Hulu.com  $        7.99  $        2.00
Oster  $      57.97  $      14.49 One more Draft for Feb 2014 – Then Done
Music & Arts  $      33.80  $        8.45
State Farm  $    148.68  $      37.17
Banfield  $      24.95  $        6.24
Tate & Kirlin  $        5.00  $        1.25
 $ 3,357.51  $    856.71
Difference:  $  (185.00)  $    (63.58)
OT Hrs Needed to Break Even          (7.83)          (2.69)

In order for us to break even every month one or both of us is going to have to bust out some major overtime…I know that once the final Oster (hubby’s grooming tools paid on a 6-Month payment plan) payment is made then we’ll be better off.  What’s worrying me more than anything right now is that with everything surrounding the wreck & buying our new car has hindered our ability to make the final payment on our trial plan – here’s how it all breaks down:

Rental Car #1 = $98.83

Rental Car #2 = $675.52

Deductible/Repairs = $390.00

Down Payment on New Van = $500.00

Sum total paid out in the last month for vehicle stuff: $1,661.35 – OUCH

I have right now $860.14 due to CitiMortgage on Tuesday 01/27 and IF we want to, oh I don’t know, EAT this week and feed our furbabies + put gas in the van I can set aside all of $250.00 on this week’s paychecks…ugh…

I went to balance the checkbook this morning and discovered we were hit with overdraft fees because of piss poor financial planning on our part and hoping the rental #2 wouldn’t draft until today (it drafted on Wed) therefore causing my payment to Brigades ($40.00), the DMV ($10.00) for Jimmy’s new ID + the down payment on the van ($500.00) to cash out and overdraft our account to the tune of $105.00 (3 Fees @ $35.00/ea).  I’m not sure how I am going to pay this payment to Citi + everything else I have to pay out on next week’s paycheck – BUT OH wait Citi wants their payment on Tuesday the 27th and I am coming up $610.14 SHORT.

I can’t even schedule the payment to be delayed until the 30th (Friday) because Citi wants to ensure their funds are drafted & applied before the end of the month…so I can’t even put it on next week’s pay (Pay Date: 01.30.15) – so we’re basically SCREWED! Anyone want to generate a miracle here????

I QUIT!!!!  

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Ugh…Ugh…Ugh…

Our history with vehicles is a rough one, a road that was dredged over time with more downs than ups…started in 2000 when I bought my first vehicle, two months out of college I purchased my first vehicle a 2000 Chevy S-10, it was a two seater pick-up truck that worked well for me and my hubs during the time we had it, then just under a year and a half later I got preggers with my son and we had to look into trading in my truck – with negative equity on that it was more than difficult to do.

2000 Chevy S10

But we managed and a dealership was able to get us into a 1999 Oldsmobile Alero – we drove that thing for several years until about 2007 when it died.

full-1999-Oldsmobile-Alero_17205_1

And we traded it in for a 2005 Pontiac Vibe – that worked well for us too until my husband lost his job in 2008 and it was repossessed in Spring 2009

used-2005-pontiac-vibe-basetrim-7729-3112052-2-400

For five months we were without a vehicle until my husband’s church came together and bought us trust rusty aka a 1999 Dodge Caravan that had 100,000+ miles on it and a very rusty bottom.  We ended up replacing the brake lines + exhaust system – we drove trusty rusty for 2.5 years before the transmission went on that one.

1996-dodge-caravan-267-p2

We traded that in for a 2000 Ford Focus with 100,000+ miles on it too – as you all know that ran for us up and down until a wreck last year, 2014 in February; our insurance totaled it and we used the funds the insurance gave us enough money to pay off the loan and put a down payment on a new vehicle.

2000-2004_Ford_Focus_SE_sedan

It was then we bought Bessie – she had 108,000 miles on her and ran very well for us – sure we replaced the radiator in Sept. 2014 and since then have been up and down with her since – then I got into another wreck in December 2014, something happened and I crashed into a Yield Sign post in a parking lot causing damage to the steering column, the tire, the entire driving system basically, $1,600 worth of damage.  We had to pay a $250 deductible on the repairs – but before she was turned back over to us we sent her over to the Service Department on site with the dealership we sent her to and it turns out the Radiator, the Transmission and possibly the engine needed work – they were saying that it was possible the head gaskets needed replacing/fixing, there was so much pressure built up inside the transmission/coolant system that they couldn’t even get the cap off…quoted me somewhere around $8K for repairs.

2005 Chevy Venture

So today we made the difficult decision to trade her in and purchase a new vehicle – now being upside down on the loan it was not easy, we got lucky that a dealership here in town was willing to work with us – a different one from the one we took her to for the repairs – and they’ve put us into a 2014 Dodge Caravan, our down payment was $500 and our monthly payment will be $538.30 *OUCH* I am not even going to think about right now the insurance payment – ugh we’re gonna be bankrupt in the near future…I just pray Citi is able to get us into a more affordable payment arrangement once our trial plan is done.

New Van 2014 Dodge Caravan

So that’ the latest on us – we’re off-loaded the rental car, took care of Bessie (I actually teared up turning over the keys and Bessie…I’m gonna miss her) and are hopefully on our way to smoother roads – the plan is to keep this thing until it dies! I am done with car payments, once these are done I am done for quite sometime!

Hello One & All – Its been ages since I’ve been in the post here, been super busy with work and getting ready for the Holidays!

Our Holiday season was a busy one, and one that closed out with some HUGE financials burdens being laid at our feet – seems to happen every year at that time, I don’t understand it seriously – why does something go wrong with the car at the holidays every damn year!?!?!?!? This year it was a wreck – something happened 5-Days before Christmas and I managed to hit a pole! A totally learner’s permit move, but it happened – ugh – a lady told me that my front drivers side tire didn’t turn right and thus caused me to hit a pole on that side of Bessie (aka our van) – BUT its a pole with a yield sign that EVERY single friggin’ person hits!  Frustrating as Hell!  So I have incurred for this a charge for a tow truck, $65.00, a rental car, cost TBD and a deductible on the car repairs, $250.00 + an Oil Change + a Coolant Flush, cost TBD from the dealership…ugh! And we have one more payment on our trial period for the mortgage to make on the 15th, $860.14.  Ugh someone has decided we’re bleeding money that time of year….happens every damn year and frankly I am sick & tired of it.  Curious who we pissed off in terms of the financial karma’s that has cursed us and caused us to consistently be struggling?!? We do everything we can to make things work – do everything right and inevitably we hit trouble financially ALL the DAMN TIME!

Ok so where does that leave us financially for the New Year? Well currently at a stand still until I know for sure where we are in terms of the cost of the rental car + the oil change and coolant flush from the dealership – I’m waiting on an estimate from the dealership and won’t know how much the rental will be until I turn it in – I got an estimate when I opened the contract, $90.68, but that was for only 4-Days and now I am sitting here on two+ weeks, it’s $21.00/day = roughly $294.00, then there’s taxes + fees, etc…so I am looking at about $350.00…so not happy about this!  Not sure where to go from here…

We are doing something, or more taking on a challenge of sorts – we’ve decided to join the millions doing the 52-Week Savings Challenge and keeping the funds in a jar here at work so we’re less tempted to use it, see the image here

52 Week Money Challenge

I’ve deposited the 1st Week’s Amount into this jar – if all goes well, maybe by the end of the year we’ll have a decent amount of money saved and we can use that money to start our Emergency Funds account! Or even start saving toward a vacation – we haven’t decided exactly how to use that money yet – in fact, we haven’t even discussed it…for now it’s just a matter of budgeting smart so we can make those contributions weekly.

Well enough from me – hope everyone is having a good week! I’ll try to get back in here weekly to bi-weekly to update!