August review
Since I moved into a new room, I cook for myself more. I pack lunches to school and they are healthy. Salads, foods that can be eaten without heating in a microwave, vegetables and or fruit in every lunch. I also have a surplus in my food envelope each week.
I save $80 a month on rent. It's only 16% of my income. I also save gas and get to work on time because my morning commute is at least 15-30 minutes shorter depending on when I leave home.
I will have a surplus each month for the next 9 months. In August, that surplus went to car repairs.
I finished Financial Peace University, and in September I plan to start the debt snowball again. I have a visual hanging on my board that I can color in gradually as I pay down debt. I no longer have a new car fund. All of my surplus now will go to the debt snowball. I plan to start a new car fund again when I pay off PNC.
I have begun exercising almost every morning. My pants fit better and I feel healthier and more energized.
I can't find any new places to save money, and fear is holding me back from moving on my product idea. There I've admitted it. Now I can face the fear.
Saturday, September 3, 2016
Updates on the car philosophy
So...update on my car philosophy.
The Honda officially cannot be driven on the highway anymore. I had left it down south with my mother, but I decided I prefer the Honda to the Mitsubishi so I would retrieve my Honda and sell the Mitsubishi.
I tried to drive it back up north at the beginning of August and it overheated for the 3rd time this summer. The mechanic told me it was a $2500 repair job. I was 5 hours from my hometown. With a combination of driving it carefully and below the speed limit plus getting it towed part of the way, I made it 5 hours back to my hometown and left it with my mother again. That's where it will stay.
I was trying to bring it back up north and sell the Mitsubishi. I thought I was correcting a mistake I had made. I should have waited to purchase another car until the Honda had officially died FIRST.
As soon as I got back up north (I had to fly back - expensive at the last minute!), and as soon as I got back in the Mitsubishi, I began to like it. Everyday I like it more. I think I like it now because I really NEED it, plus it has no payments.
Well, a week ago I was stuck after school for 3 hours due to a dead battery, then towed home because the mechanic could not jump start the battery. I was so done with the whole dead battery issue in this car.
I took the car to a dealership. They searched like looking for a needle in a haystack (their words) for 4 days and finally found the problem. That "problem mechanic" that I took the car to in January did not fully remove the after-market alarm system, causing some wires to stay live all the time and drain the battery constantly.
That's that. Other than needing new tires, the car runs well. The mechanic I used earlier this year has cost me about $600 in unnecessary repairs. Fortunately, the car emergency fund covered that. I'm past that now and looking forward to more debt snowballing.
The Honda officially cannot be driven on the highway anymore. I had left it down south with my mother, but I decided I prefer the Honda to the Mitsubishi so I would retrieve my Honda and sell the Mitsubishi.
I tried to drive it back up north at the beginning of August and it overheated for the 3rd time this summer. The mechanic told me it was a $2500 repair job. I was 5 hours from my hometown. With a combination of driving it carefully and below the speed limit plus getting it towed part of the way, I made it 5 hours back to my hometown and left it with my mother again. That's where it will stay.
I was trying to bring it back up north and sell the Mitsubishi. I thought I was correcting a mistake I had made. I should have waited to purchase another car until the Honda had officially died FIRST.
As soon as I got back up north (I had to fly back - expensive at the last minute!), and as soon as I got back in the Mitsubishi, I began to like it. Everyday I like it more. I think I like it now because I really NEED it, plus it has no payments.
Well, a week ago I was stuck after school for 3 hours due to a dead battery, then towed home because the mechanic could not jump start the battery. I was so done with the whole dead battery issue in this car.
I took the car to a dealership. They searched like looking for a needle in a haystack (their words) for 4 days and finally found the problem. That "problem mechanic" that I took the car to in January did not fully remove the after-market alarm system, causing some wires to stay live all the time and drain the battery constantly.
That's that. Other than needing new tires, the car runs well. The mechanic I used earlier this year has cost me about $600 in unnecessary repairs. Fortunately, the car emergency fund covered that. I'm past that now and looking forward to more debt snowballing.
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