Friday, February 9, 2007

The first week of June

It's no longer a viable option for me to continue living in my current place of residence. I'll be moving out a week after i'm done with this symester with Dee (and possibly her sister)...

So, Dee and I are gonna be hunting for a cheap little sucker... under $1200 a month for a 2 bed 2 bath place... I"ve got my fingers crossed and i'm hopeful... but not nieve, i'll probably be moving to lake forest, in an apartment, and well install good locks.

So, I'm now moving out the first week of june...

and my car won't be paid off by then, but i can still make it happen.... but i won't have a retirement fund.... for a while...........So how am I getting all the money to move out together in 3.5 months when my Moving fund has 70 bucks in it (and still be sending 1156 every month to my car up until i move)?

  • I'm liquidating part of my Emigrant Direct Retirement Fund... $1400.00 I can't bear to remove the money from the retirement sub account into my moving out account... so this will stay here until i actually move out.... in hopes that I won't have to use it... but i ran the numbers and it's the only way right now..... but I refuse to touch the interest and a few bucks of the principle
  • My tax return I did an online estimate, and i'm pretty sure that if i claim myself, i should be getting $600.00 back. This is because I wasn't originally going to claim myself, but my mom told me I could if I get more back.... this gives me $2,000 total so far.
  • My monthly savings right now its 70, and i'll have 3 more months... another 90. My emergency fund should be fully funded in April.... so i'll have 40 from April and 90 from May.
  • Extra Paycheck in March next month i'll be getting 3 paychecks... the extra one should be 800 dollars, and i'll put it toward moving out. Originally i was going to send it to the car to bump up the pay off date and end everything sooner... but not anymore.
If i take all that together,
  • i've got $3090 to move out with, a $1,000 emergency fund and $4,167.45 of debt by the end of may.

with school ending i'm going to try and find a part time job... anything i make there will go directly to my auto loan. My church has a summer program called kids club.... It's a nine hour work day, and if i can work there 2 days a week (tuesday and thursday, my only days off) then i'll probably make around 500 a month. I might try boarders books store or retail if i get desperate... which i will be if i can't work at Kids Club.

My new moving out budget has a $300.00 auto loan payment.... which means it would take a whole year longer (AUG of 08... to pay off my auto loan... paying 280 in interest after may 07... the interest is a lot lower since i'll be paying the majority of it off before i move out)... but if i get that summer job.... i'll dent it considerably more.

The new budget would look like this: Assuming pay of $1950 a month:
  • $600 Rent
  • $300 Utilities
  • $300 Auto Loan (500 more if i get that job)
  • $100 Car Insurance
  • $50 Cell phone
  • $200 Gas and Maint for Car
  • $150 Grocery/dinners out
  • $50 Basic Necessities
  • $50 Fun
  • $50 Renters insurance (an estimate)
  • $50 Long term savings/e-fund if it dips below $1,000
  • $50 Offering
  • $00 Retirement

Once the car is paid off, i'll be taking that 300 and bumping up the savings and offering. [Retirement =100; Offering =50 (100 total); Longterm/efund = 150 (200 total)

Now to update this month so far:

February:
Gas: Allotted: $200.00 Spent: $28.32 Left: $171.68
  • $28.32
  • (151 auto tags... paid for with extra gas cash... and the vegas money that originally came from extra gas money)

Auto Loan: Allotted: $1156.00 + Overtime +Recycle

  • $456.00 of the 1156.00 (700 left to go)
  • $50.97 overtime
  • $2.96 extra bill money
  • $6.35 recycle

Basic Necessities: Allotted: $45.00 Spent: $0.00 Left: $45.00

Fun Money: Allotted $51.00

Internet: Allotted: $10.00 Spent: $0.00 Left: $10.00

Offering: Allotted $94.00
$40 done, $54 to go

Cell Phone- Cingular:
PAID $47.04

Short Term Savings:
$90 sent between bofa and ING Electric

Long Term Savings (A.K.A Moving OUT)
$30.00 sent to emigrant direct

Car Insurance:
$100.00 PAID to Emigrant Direct

Groceries: Allotted: $140.00 Spent: $62.99 Left: $77.01

  • Food while in mexico for the whole day $5.98
  • food for Sunday night group $8.16
  • Sour cream .99
  • chef ravioli (2 cans) 2.00
  • croutons 1.39
  • honeymustard dressing 1.50
  • ceasar dressing 1.50
  • taco seasoning .50
  • marie callender's frozen dinner (2 of them) 5.00
  • mushrooms 2.19
  • Romaine 2.99
  • Soup from CPK 3.07
  • Bread 2.09
  • Chicken Sandwitches 9.29
  • apples 5.99
  • Carls Jr 6.45
  • Starbucks 3.90

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