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NEWKID54 Posts: 620
9/14/12 4:23 P

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First: Thanks for all the great encouragement and advise. I got the ole car paid off. It's still a bit of bait and switch to get through the month--but coming together. It will be much better after my son's wedding in October and the holidays (will be very simple this year).

Second: I am getting the whole medicare/medical insurance together. This alone will save me $454 dollars a month!!!

Thanks again

FROSTY99's Photo FROSTY99 SparkPoints: (202,641)
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9/8/12 1:59 P

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Oh, yes, there are always unexpected expenses and you need to be prepared. After we pd our car off, I have tried to keep putting that payment in the bank (savings) and intended it to be a down payment when we need another car (ours is 10 yrs old now) but it is used to pay things we weren't expecting. Some months I just can't do it (would have to if I really had a car payment but we like to keep our charge cards paid off so......). This month it is going to come in handy for the rv repairs but at least I have peace of mind not worrying that I won't be able to pay for it. Then, will get right back to putting that money back in to build the fund right back up. Peace of mind is worth a lot when one is retired.

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JOANOFARCTIC's Photo JOANOFARCTIC SparkPoints: (8,718)
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9/8/12 12:28 A

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Mint.com is a FANTASTIC site to keep track of all your spending and accounts. You can create budgets for categories to make sure you're not overspending in any one area throughout the month. It's very flexible and powerful - I highly recommend it when you're trying very very hard to stick to a strict budget.

It also sends you alerts when bills are due and when you've gone over budget in an area. I love that site so much!

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MISS_VIV's Photo MISS_VIV Posts: 12,274
5/23/12 1:33 P

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You will actually get where you enjoy the freedom of not having to put so much gas in the car, you can reduce some of your insurance coverage on the vehicle.

Also, Frosty has a great idea. You should have an emergency fund. There is always something that comes up. Don't earmark that $$ from the car payment too quickly. Establish a saving plan NOW, so you can cover the emergencies..

You will do fine.

Creditors in most cases ARE willing to work with you... it just takes time to get them around to your way of thinking...





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ANOTHERMOMOF2's Photo ANOTHERMOMOF2 Posts: 4,415
5/23/12 11:48 A

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Congratulations on only one more full car payment! That will certainly help once it's gone. I wish I had some suggestions for you. It sounds like you have a good long term plan on getting a month ahead. Good luck!

Karen

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NEWKID54 Posts: 620
5/22/12 8:57 P

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Thank you so much for your words of encouragement emoticon

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5/22/12 8:46 P

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Anytime we go thru a change in our life, it is stressful and worrisome but it sounds like you are aware of the pitfalls which some aren't as they continue to live like they still have that larger income. Once you pay that car off, I would either use that money to pay down any other bills you have or use it to start building an emergency fund.
Wishing you all the best.

Pat

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SRIVERS1's Photo SRIVERS1 Posts: 10,636
5/22/12 7:26 P

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This may not help but, I started to sell items that I don't use any more, even clothes that are still in good condition. I use that money to pay off bills a little quicker. I also have a jar that I keep hidden that both my Hubby and I put our change in. Once we fill it we take it in. I have also sold old pieces of jewelry that has been handed down to me (i.e. gold, silver) and made pretty good money. It is one way of De-cluttering and making money at the same time. Garage sales work and so does E bay but, they are a lot of work. Second hand stores can be very picky but some times worth it to sale your clothes.

I would continue to stay on top of you credit card companies and see if you can talk to a supervisor to see if they can help you change the dates. Some times calling back another day and getting a different person can help. But, they should be willing to work with you since things have changed and the fact that you are trying to pay down the debt.

Good luck and I hope that helped.

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NEWKID54 Posts: 620
5/22/12 3:03 P

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I am lucky. My income will be a bit more than most. But, it is still stressful switching over from a full-time worker to a fixed-income gal. It's been such a balancing act. Due dates do not correspond to when I now get paid. And, not all of my creditors are willing to change due dates--even if I am will to pay a fee! Sooooooooooooooooooooo frustrating.
I am currently working hard to get a month ahead of things so the day/dates don't matter.
Any suggestions?

The good news--less than one full payment on my car!!!!

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