My savings challenge

[mumof2]

That is awesome congrats on all the progress

[Smallsteps]

I know this is an old post and no doubt some of these debts are gone, I like the snowball method for me a few years back we had a lot of smaller bills rather than large ones and the snowball method helped us get rid of them sooner...so if you still had these debts and you could roughly pay $800 (both CC amounts) then you would have 1 paid off in 2 months then next one a few months later then that extra from both of them would go on the car and be gone a lot sooner...not for everyone but it worked for us...hope you are doing great and some of these debts are gone

these are all gone but 18k on house. i know snowballs work faster in a way i just like seeing all of it going down at once.
If you look across a list and all items are falling or all items are growing in the case of building accounts. it may not be the smartest move math wise it is just a mental move for me to see progress across the board.

[mumof2]

thank you Gailete,
I just sometimes feel overwhelmed by all the items on the list of things I want to do with my money....
updated totals on debt
(feb) house =35k june = 33,700
feb credit#1 2600 / now 2072
credit #2 2900 / now 1549
car 8682 / now 7692
it is nice to see some progress just seems to be slow going...
only been able to slowly add to IRA lately.
I am paying extra on everything at once but am debating trying snowball method again sometimes the slow progress becomes boring and seems to be taking too long.

I know this is an old post and no doubt some of these debts are gone, I like the snowball method for me a few years back we had a lot of smaller bills rather than large ones and the snowball method helped us get rid of them sooner...so if you still had these debts and you could roughly pay $800 (both CC amounts) then you would have 1 paid off in 2 months then next one a few months later then that extra from both of them would go on the car and be gone a lot sooner...not for everyone but it worked for us...hope you are doing great and some of these debts are gone

[disneysteve]

Good luck finding a new position soon.

[Smallsteps]

I'd definitely be speaking to the agency and asking for a new position. And I'd be taking off whatever time I needed to to interview elsewhere.

At my job, I had some shifts early on when we had just opened a new site and might see no patients in a 4 hour shift. The first couple of times that happened, I thought it was the greatest thing ever. I was being paid very well to catch up on my email, do some online training, watch Netflix, etc. But after 2 or 3 shifts like that, I was bored out of my mind. The difference in my case was that I knew that was only temporary and business picked up pretty quickly once word got out that we were there. Had it continued to be dead like that, I don't think I would have stayed.

i had a meeting with the manager at company told him how i felt .....he looked shocked and immediately scheduled meetings to discuss what else i could do .... did not come up with anything but he likes your outlook meeting page filled i guess. sat while he tried play with scheduling meetings i wanted to walk out.

He does not know what he is doing IMO....... they are trying to build new programs and seem to think sooner or later i will be busy does not help me NOW.
i am talking filling 7 hours a day doing nothing. it has been almost 6 weeks
i am crabby and drink about 5 cups of coffee a day to stay awake. i feel like crap and try to think of a way to call in every morning..... i am writing an email to agency as i cannot do this much longer.

[disneysteve]

nothing really keeping me there.

I am placed here by an agency that has gotten me a few good placements

I'd definitely be speaking to the agency and asking for a new position. And I'd be taking off whatever time I needed to to interview elsewhere.

At my job, I had some shifts early on when we had just opened a new site and might see no patients in a 4 hour shift. The first couple of times that happened, I thought it was the greatest thing ever. I was being paid very well to catch up on my email, do some online training, watch Netflix, etc. But after 2 or 3 shifts like that, I was bored out of my mind. The difference in my case was that I knew that was only temporary and business picked up pretty quickly once word got out that we were there. Had it continued to be dead like that, I don't think I would have stayed.

[Smallsteps]

nothing really keeping me there. the sad thing is they are super happy with my performance........ Seriously i almost fell asleep more then once what would be bad performance in their eyes. i honestly wish they would let me go.
i have looked at other places put in a few applications but would have to take time off to be able to do interviews etc.

Those around me seem perplexed because this place is grossly overpaying IMO and my personal support group says just grin and bear it for that much for nothing.....( my kids/ my DH / even a financial planner i spoke to). It does not suck the life out of them. this is unfortunately a real issue in this AREA so many lazy ppl who make a 5 minute job last a day and a half.

I am placed here by an agency that has gotten me a few good placements and i am not really wanting to burn that bridge.
i am going to email my rep and explain to him how this is not working for me. Speaking to these people has been as effective as talking to a wall.

[disneysteve]

Great job on the debt repayment.

You've mentioned the job numerous times. Are you actively seeking another position? I wouldn't want to sit around bored all day either. That gets old really fast. I'm curious what is keeping you there.

[Smallsteps]

So another year has passed / i never did this challenge as it was set out but just used it as accountability for myself.
Oct 2018
mortgage = $26,400 this looks good knowing my payment is only about 350 a month
car= $1700 regular payment is 181.66
cc#1 $120 used this card a few times in the payment process.
cc#2 0

now in Oct 2019
mortgage $19,982
all other is gone. without any extra thrown at mortgage i will still pay off almost 4 years early. As i hate /loathe my current job i am strongly thinking about just letting all go on autopilot.

i have ZERO to do all day but pretend to be busy. YES i have begged / asked anything to break the boredom they people seem DEAD from the neck up. They pay really well but it simply is NOT worth it.
I am surrounded by family that have jobs that they are always TOO busy and so all i get is condescension of " oh i wish i was bored and getting paid " NO no you would not i am making myself sick just to call in. i have been trying to talk myself into just grinning and bear it to pay off this mortgage and add as much as possible to retirement but it is not helping.

[Smallsteps]

Gailete,
I am seeing an odd trend lately with many of my accounts and it is making me angry. as I have demolished the amount the bank is making off my car loan they now drag their feet in applying the payments. I used to pay them directly through their website and on the day it paid you could see the drop in AM as credited...….. NOW it takes 2 days???? It of course is just rationalized that they have a large volume to process or that it was a one time oops etc I have heard it all. There is not suppose to be any penalty for prepayment so they work the delay and pick up a day or two worth of interest.

[SavingSteve]

Great to see that the credit cards are both almost zero!
You're right it does help to look at the start...thanks for the reminder.

[Gailete]

I know it isn't the same problem that you are having, but I try to pay $50 plus $1 and change to make my payment $700 on my house loan. Some months it shows that I paid only a little over $300 in interest and then other months almost $400 in interest. I get my SS check on the 4th Wendesday of the month and pay the loan that day but that day can vary by almost a week for actual calendar days in the month. I know that the interest adds up for every day but almost $100 in those different days when I can pay it? Frustrating.

While I do try to pay extra on every cc bill but one (zero % interest if all paid off by a certain time) I am working extra hard to get the lowest one paid off. It isn't the lowest interest rate, but to see one number fall really feels good.

[Smallsteps]

Updates and accountability.. when ever I feel like I am not moving I like to look at the start to see progress.

feb 2017 just starting out totals when I joined forum. the fact I was writing this down made me more on top of the payments.

mort 35k @ 2.87%

car $8682 @3.9%

cc $2600 @14

cc $2900 @ 16

now Oct 2018
mortgage = $26,400 this looks good knowing my payment is only about 350 a month
car= $1700 regular payment is 181.66
cc#1 $120 used this card a few times in the payment process.
cc#2 0
It makes me feel good looking at these side by side but it still seems too slow at times.
As I am closing in on the car I want to plan for that money I KNOW I can do better interest wise then paying off my super low rate mortgage.
so I m looking at new opportunities. I have a IRA/ ROTH some mutual funds and a rollover account from previous jobs 401 plans but as these do not give me the satisfaction investing in as my small dabs barely move the needle.

[Smallsteps]

I know it looks odd that some are going down at different rates.
The cc#2 my son owes me money I lent him for a car down payment.
I can transfer $45 every two weeks when he gets paid, from his account( I am named on his account) so I chose to leave that for his payments.

The mortgage is mostly going down as my son in law pays the payment as rent. I add a tiny bit here and there.

I held on to some extra cash since I am between temp assignments at the moment or I would have cleared the CC#1

I am not thrilled that the car loan ppl cannot follow basic instructions I note extra principal on payments but it is processor choice since half have been credited as principal and half as prepayments so technically I do not owe a car payment until November.
I tried to call and talk to someone but it was like I was speaking to a wall .They offered to redo payments but I had a past experience that was messed up royally trying to do that..... so now it is just a surprise to see how it is credited after each payment. Knowing I could skip it for months can be helpful if I do not get a steady placement. so far just project assignments that are usually very short to help with one task. nice time of year to have extra time off but slows my progress.

[james.hendrickson]

march 2018
mort 29,065
car 4847
cc #1 628
cc#2 1150

June:
mort 27,920
car 4250
cc#1 125
cc#2 1095

I quit posting because my year or 52 weeks was over but looked back to see the numbers I was doing better I think when I was posting.
My year long temp job ended in last week of april and I have only done a 2 week project job in May have yet to work in June. when I get back to work I will finish off the CC and then the car.

Small - are you going to prioritize any of the specific debts first? Thats Dave Ramsey's advice.