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I have a 3 month FFEF! 3(b) here I come!

I did it! Just transferred the money and I now officially have 3 months expenses in my emergency account. I chose 3 months because that’s the waiting period for LTD if I became unable to work. I have very stable employment (federal government employee in Canada) so its extremely unlikely that I would lose my job without a ton of notice, and I would have priority in hiring for other federal jobs in that case. I have healthcare, and I don’t have a house, car or kids, so that eliminates a lot of po

starchyk

starchyk in Saving goals

Another month down, and having savings feels so good!

September was a good month, even though I spent a bit on new furniture and still haven’t gotten my desk, or the reimbursement for it. I need to get the desk and send my boss a picture before I can be reimbursed, and it was ordered (and paid for) in August but it’s shipping internationally and still hasn’t arrived! But wow, it feels good to just be able to buy the thing with savings and not even have to worry about floating it on a card while I wait for reimbursement! In happier news, i

starchyk

starchyk

A Savings milestone

I haven’t been as intense as I should be on BS3... I have been here for over a year and still don’t have a full FFEF. Lots of reasons, but I AM saving, and I am never going back into debt! My FFEF goal is 17,500, which would be 6 months of bare bones expenses. I want to reach 3 months, or 8,750 by the end of this year.    However, I hit a milestone this week: I have just over $5000 in my EF savings account! Whoo-hoo! And looking at my budget I have a total of over $10,000 in my “short ter

starchyk

starchyk

Things are gonna be tight

I'm working on the budget for next month and things are going to be tight but doable. I may have a yard sale at the beginning of the month. I need to do a big decluttering to see what we actually have, but I think I have enough stuff to put together a small one. I got the first bill from my ER visit before I had to see the breast health doctors and made payment arrangements with them. $765! Then the other day I got the bill for the doctors, all the tests, etc. etc and it was over $1,000! I

Why have I been gone so much?

There's a lot of reasons. A long string of bad luck, shame... My life has been an absolute whirlwind roller coaster since I posted back in 2016. The man I was with then, known as DH even though we weren't married and were together 5 years, became verbally and mentally abusive so I kicked his sorry butt to the curb. That left us with only mom's income for a long time. My disability was denied multiple times, so I worked with my doctors and ended up on stronger pain medications, but it enable

this isolation is tough.

anyone else struggling with the isolation? I like my alone time but this is a bit too much. lol.   I think its worse if you're single and live alone like I do.

Aye Corona(virus)

I don't know about you, but I'm getting corona-weary.  I never thought I'd experience something like this in my lifetime. Previous generations had wars and unrest and uncertainty.  I know 9/11 changed so much about how we lived our lives, but this coronavirus feels like it is changing our society on a more personal level.  I don't know how long it will be before it peaks in our country, but I do know that how people communicate and interact with each other, for business, leisure, well-being is c

cadberry

cadberry

Happy New Year

Happy New Year, fellow LLNOE'ers.  We hope you have a prosperous 2020 and meet the financial goals you've set for yourself. It's hard to believe how much things have changed for us in the last year.  As a recap, we inherited money from DH's father in 2018 but didn't make a decision about using it to pay off our debts until March 2019.  We used some of the inheritance to clear us from BS2 and provide the balance necessary for BS3.  I was able to increase my retirement contributions to meet B

cadberry

cadberry

their raising my rent first time in 3 years.

going up $10. And I don't even care. Glad I'm debt free. I don't like that it's going up but I worried about it for about 1 minute. They did not even mail me the letter they left it outside my door. cheap skates did not want to spend money on 36 stamps. lol. I just got a small raise so the rent increase eats that up. Perfect timing! I pay $685 month (new rate) which includes water and electric. still not a bad deal for an apartment in my state/county. My apartment is 420 sq feet, an efficiency.

debtfreedude

debtfreedude

one warning about buying used stuff at yard sales.

Just a warning, if you get used stuff at yard sales, garage sales, estate sales, etc. one thing you don't want to bring home is bed bugs. One way they travel is by hitching a ride on used furniture. We had bed bugs where I work, and after speaking with professional exterminators for many months, I learned way more about bed bugs than I wanted to know. I pretty much don't take any used furniture home after learning about these critters. Ive seen apartments where a few bed bugs turned into 600+ in

debtfreedude

debtfreedude

Murphy follow-up

So there was a leak in the a/c for the vehicle to the tune of $875+.  And our home a/c needed a relay replaced when we had its annual service, so that was $245 (inclusive of the annual service fee).  We did get the new dishwasher but it is sitting in the garage until after our next payday.  We are putting in the application for a $40 credit on our utility bill because of the  new dishwasher.  Everything was cash flowed and we were still able to add some to the savings, but not as much as we want

cadberry

cadberry

Go away, Murphy

Murphy is trying to knock on the door.  Our 21-yr old dishwasher is on its last legs; we've kept it going the last couple of months while finishing up what we owed other people, but now we need to figure out what to do.  We switched to using a different cycle which seemed to help, so we think something is wrong with the sensors, but even on the shortest cycle, it's still not reliable.  We have $750 in the "home appliance replacement" fund that we could put towards it; there are several places th

cadberry

cadberry

Vacation Plans

We've planned our first debt-free vacation!  We're doing a weeklong cruise to Bermuda, paid for in cash.  It will be later this year.  This is the first vacation we've ever done that we haven't used a credit card to reserve / pay for.  It's very cool to know that we aren't going to have to pay for it, because we've paid for it!  Does that make sense?  We budgeted for our onboard expenses and excursions, too, and have that set aside in a separate envelope.  It feels a bit surreal to have a vacati

cadberry

cadberry

Grocery shopping post-BS2

It's been a long time since I browsed the aisles at the grocery store.  I shop with a list, with coupons, with the ad, with a relatively decent plan for what we're going to eat in the next week.  I look for loss leaders, stock up where I can, etc.  But today I took the time to actually look at the shelves and think about how we can add some variety to our "rice and beans" but still maintain an appropriate grocery budget.  My "splurge" was a box of oven-ready gluten-free lasagna noodles that came

cadberry

cadberry

Living...

So we've closed the BS2 chapter.  BS3 is done, too, thanks to the inheritance from DH's father.  BS4 - made the changes this week to bump up my retirement contributions to 15%.  BS5 - well, both our sons will be done soon - one later this year and one next spring.  Between prepaid college and their scholarships and part-time job earnings, it's covered (with a little help to DS-away as he's finishing).  Our mortgage has been paid for years.  So that brings us to BS7.  We're ready for you! Da

cadberry

cadberry

banks suck. The terminology they use is not even reality.

I emailed my long time bank with a simple question. does my savings account that pays nothing have a min required balance (Im asking because I've been moving the money out). here is their reply. the rep referred to it as a "high yield" account? LOL.  it pays 0.030%... nothing. that is why I've moved it.  not sure what my bank staff is smoking, but it must be some good stuff.   I appreciate you contacting us to inquire about the eSavings account and I will be happy to provide you with m

debtfreedude

debtfreedude

finally moved my money to earn higher interest.

the APY will be 2.25% for 12 months...  and if I open a checking account before the 12 months is up and keep $2500 in checking (making no interest), the money marking savings account can stay at the higher rate without going down. only took me two years to finally do this. better late than never I guess. for the year it will make about $675.... compare that to the $10 it made last year. A step in the right direction at least.

debtfreedude

debtfreedude

Life After (re)Marriage!

Hello friends, inspirations and financial confidants, I was working through a pile of collections statements and plugging numbers into the Debt Snowball Spreadsheet when I decided to stop by LLNOE and see what was going on as of late. It's really incredible, I began this journey in 2011 and so much "life" has happened, ups and downs, stupid and wise decisions, career momentum - everything! And it is so funny, as I technically sit here in BS2 again, it does not upset me because I've been thr

Gelly

Gelly

Life After Divorce

Last time I poked into this LLNOE blog, it was April 2017. I was just beginning to dive into a divorce. Of course it wasn't what I wanted to have happen, and hindsight is 20/20.. If I could go back and change some decisions, I would possibly have chosen not to get married to him in the first place. (But then, would I be where I am now having learned the things I did through that marriage.. hrmmm.. head scratcher)  But now that it has been 8 months since that blog post, I can absolutely stat

Gelly

Gelly

WINDFALL BLISS!!!

WINDFALL BLISS!!!!!!!  We had a site-wide meeting today and they were giving out HUGE checks to the top performers!!!  I was not expecting to get called up to receive a check... but I did!!!! They called me up for being a top performer for my metrics! That check was for an amazing $1,250!!!! While I was standing in front of everyone with this huge check, trying not to cry, they called my name AGAIN for "Best Overall Quality in the Enterprise" WOW!!!!!  Tha

Chérie

Chérie

Hosting Friends and Talking Budgets

We had some friends drive out to visit us this past week. They actually ended up saving us more money than anything. They bought toiletries, water and lots and lots of food!  I have all of my debts listed on a BIG white board in the nook that's supposed to serve as a dining room (I guess). The board has notes about what to consider in the budget for next month, goals for the current month, and sometimes it'll have notes to Spouse since we are rarely home at the same time. It also has the pr

Chérie

Chérie

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