December 28, 2005

meh!

This year I planned to really buckle down and save towards getting a place of my own down the road. I had managed to save up the $5500 I put as a down-payment on my MINI Cooper the previous year, and was feeling pretty good about my self-discipline.

The saving IS pretty easy. It comes directly out of my paycheck every week and is dumped into a credit union savings account. This is good because getting funds out of this savings account is damned hard - well, it involves going down to the credit union and withdrawing the funds in person, and I call that "damned hard". I started with a pretty aggressive amount of $200/week going to this account.

This left me with little money to do anything else above and beyond paying all my monthly bills and for gas, etc. So, I resorted to using some of my credit cards. I've been fairly disciplined with this, as well. For most of the year I carried a $0 balance on all of my cards - paying them off at the end of the month. But, you know how that goes. Sometimes you have to carry it over.

And then my MINI got hit with a tire tread and that was $500 plus lost hours at work. Then Erik and I decided to go to London (totally worth it!). Then my MINI got keyed - another $500 plus lost work hours. And then I decided to go to the dentist - and that put me out about $1000.

A couple months ago I decided the $200/week loss into my savings account was just too much to handle. So I lessened it to a mere $125/week. That's helped a lot, and making my car payment at the end of every month is a lot less stressful. But still, I'm left with about $2000 of credit card debt that I promised myself I would pay off come the New Year. And that money, unfortunately, has to come out of my hard-won savings account - an account that's already been dipped into more than I wanted this year... that is, unless I have any fairy godmothers or father out there who want to donate. No? I didn't think so.

So, I'm not nearly as close to having the good amount of savings for the year as I suspected I'd have this time last year - and I am pretty dismayed about that - but I have a lot of great stuff to look back on from 2005. I didn't have to suffer through another L.A. summer without an air-conditioned vehicle; I went to the UK, again; I traveled a lot around California and its surrounds; and I met and fell in love with a really great guy. I guess I did okay, in the end, and I think Suze Orman would be proud of my determination.

Fiscal goals for the next year? No more car insurance tics, no more dental woes, and at least a few hundred dollars better in savings at the end of 2006.


posted by julie at December 28, 2005 01:38 PM

things people have said

going to the dentist is worth every penny!

so said: denise at January 2, 2006 12:26 AM

just an update for myself: it's NOT that hard. three months later and i have ZERO credit card debt and $6000 in savings (and i've yet to deposit my tax refund!). keep it up!!

so said: julie at March 31, 2006 05:12 AM



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