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kdy last won the day on January 4 2015

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About kdy

  • Birthday 06/28/1972

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    South East, US

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  1. kdy

    kdy's Budgeting Tool

    kdy's Budgeting Tool
  2. kdy

    Am I wrong?

    A different perspective... the 'problem' isn't getting Adult, working DD to show you her budget and trying to tell her what to do or not do. The problem is... when someone asks for money, when do we say 'No'. We don't have children, but I have family that asks for money. I have to work hard at thinking through what it means to be responsible 'For' another person vs. what it means to be responsible 'To' another person. 'Boundaries' is a great book that sorts through this concept. My family would ask to 'borrow' money, but then never pay it back. Talk about annoying. Not even an attempt to pay it back. I think in all, we've 'helped' with several thousand dollars.... It's not like $20 - it's usually a few hundred at a time. Finally, I just had to tell them - from this point forward, when you ask for money - I won't send you any more when you reach $x dollars. It's your choice to pay it back or not. So in the end, we set a 'gift' limit without calling it that - not expecting to be paid back. The family doesn't ask, knowing that a limit has been met. I would of course reconsider my position based on circumstances - but generally, when they run out of money because of poor management on their part, I am no longer the bank. In fact, now that I am not a funding source, I hardly ever even get a phone call. I'm just the rich ***** because I work at taking some personal responsibility in my life.
  3. kdy

    Argh, I guess.

    Our PTO is inclusive of Vacation, Holiday and Sick days. That is what leads to some of the 'overage' I have accumulated over the years. Those of us that are salaried do benefit from leeway and an 'honor system' of sorts for comp time if your time away from the office is less than 4 hours for things like appointments. I am surprised at this point it is still allowed, but generally I'm not aware of people that abuse it. In some cases, when there are people 'in need', we can opt to donate PTO to another person which I've done several times. I can understand the policy change to cap it, but I think any owed should be paid out is a fair expectation and it makes me disgusted that in this instance... saving for a rainy day is not working out to my advantage at all.
  4. kdy

    Argh, I guess.

    At least there is pay out. I am in a situation with many hours banked and at the end of the year it will be capped - no pay out. Between now and the end of the year I continue to accrue. While I would prefer to use all that time, there is pressure right now to document time/projects worked & essentially defend/justify the existence of our positions while there are concurrent Reductions In Force - or 'RIF's as we fondly refer to them. Taking off a lot of time doesn't help to support that very well ....
  5. One semester to go... what an exciting place to be! I think this is a great effort to practice budgeting & conscious focused spending right before your life may progress into the promise of more income & lifestyle decisions beyond college. (This is the period when we made most of our financial mistakes that took a long time to realize & recover from.) Some things to consider might be whether you could maintain the living arrangement you currently have and focus on getting the SL debt paid off right away. If not, do some thinking about where you could plan to live. . Aside from flat out planning for spending you may be interested in this resource: [ http://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888 ]. I have the audio CD. Along with planning the spending for every dollar, I find it useful to think of budgeting by percentages [link on my pofile [ http://www.livinglikenooneelse.com/index.php?/user/26-kdy/ ] for DR's Gazelle Budge Lite is a great tool, and budget from Gross Income, not net. The money (Payroll Deductions) removed from your paycheck for RSP Contributions, Taxes and Benefits is just as important to consider as every net (After Tax) dollar - don't ignore the impact that has on your financial plan. The important point I learned from this kind of silly book is that in the end, when your "lifestyle" consumes 50% or less of your gross income, even after payroll deductions - it enables a healthy amount of cash to be directed into Long term saving (RSP/Roth), Short term saving (Sinking), Giving and Blow money. And remain debt free. . To me, "Lifestyle" Includes: Shelter/Utilities, Food, Transportation, Insurance (Health/Life/Auto/Home), Communications (ISP/Cell/TV), Clothing, Pets & associated costs, Children & associated costs, Recreation & Hobbies. Cash reserves for an emergency to cover urgent medical, insurance deductible, unemployment. Cash sinking to plan for future wants. . When debt is crushing, variable categories take the hit, and when it becomes oppressive the fixed categories can force living "below standard" for basic needs like food or entering into bankruptcy. . If we had known then what we know now, our mid-life heading toward the hope of a comfortable retirement would be better positioned. We are going to be OK, but when I imagine the difference that saving sooner could have made.... well it is what it is and I am jealous of you! . I hope you hang with the board and stick with the plan... I look forward to seeing your plans & progress!
  6. kdy

    Feeling Down :(

    One thing that got my DH on board was during travel time... I had the DR CDs and we listened through them together. [http://www.amazon.com/Ramseys-Financial-Peace-University-Library/dp/097185548X] That way, the concepts of the plan are presented wholly and impartially and gives some time to think, digest, and discuss without having to focus on the details that are a block right at the moment.
  7. kdy

    Feeling Down :(

    Read first post, but don't have time to read through the others - so pardon any repeat. When I faced this similar conflict I made a compromise - because honestly, it made me feel bad - not that my DH couldn't have what he wanted right away, but that he thought my motivation was to "control" & keep him from what he thought he wanted at the time. He is allowed to want for things that are different from what I want, but that doesn't mean that in the end you are working against each other. So what I did, was I set up a separate linked checking account and transferred some money into it each week to start 'saving' for what he wanted right away. The frequency sort of gives the illusion that it's a faster pace. It seems a little counterintuitive and it slows down the debt payoff just a smidge - but starts saving cash towards his want a littler sooner. Maybe you could figure out how much to save each month by having the money for this trailer saved in time to make the purchase when winter weather returns. - so six months. This is not a deduction from blow money - it is sinking for a future purchase. The cash saving was protected for that one purchase only - as if it were already spent. In the event of an emergency we may have needed to reconsider that, but we did not have that situation. Getting into a mode of saving for purchases is probably a better concept to work on w/ your DH than paying off the debt sooner. When plans move forward and go well - you spend a much longer time out of BS2 than you do in it. BS3 is VERY hard to accomplish without a little practice in the direction of saving.
  8. Re: digestive issues A few years ago, I had a long run of discomfort that showed nothing on tests... but I was sent for an endoscopy that I had to 'prep' for. I felt much better after the test, and to this day, I think it was the prep. I discussed w/ my gyn, and she shared that she has heard other patients to claim the same thing. Maybe consider trying an over the counter colon cleanse.
  9. kdy

    Laundry Powder Recipe

    See Attachment
  10. Keep a journal/notes using a word processor and/or spreadsheet to compare over time - just like grocery store price matching. It takes a lot of time to do this.... but when the 'deal' finally showed up, I knew it, from a financial perspective with no emotion (and there is plenty of that because I love where we are going!) Tools I used a LOT for Property Window Shopping: Bullzip a free*.pdf printer Digital recordings of web pages for comparison. Zip-codes distancebetweencities.net develop an awareness of distance by radius and by actual driving time. Some properties that appear to be a 10 mile difference are a 30 minute communte increase if you go up or around a mountain to access the property. LandWatch develop an awareness of cost/acre. I quickly learned that there is quite a bit of variation and the value of rural property is largely subjective to 'amenities' such as mature landscaping, fencing, outbuilding(s), water, surrounding vegetation, view ... or a chicken farm within a half mile. I set up ciritera with acreage, sq ft preference, and high limit for purchase for each County we were shopping in and received email alerts. * I set the high limit nearly $25K higher than I would actually have purchased - this lead us into the foreclosure deal as the high limit fell into our criteria during short sale. Zillow Trulia Hotpads develop an awareness of trending. Public records like GIS mapping and Tax Records. Find out if the shape of the property is suitable. Property that is advertised as '10 acres' but only 50 ft wide .... well, you get the idea.
  11. Daily Periodic Rate Calculator This caluculator tells you how much you 'give' to your creditor in interest only EACH DAY for a Credit Card Balance. I use the word 'give' because you receive absolutely nothing in return except the sound of a toilet flushing for dollars that could be invested to earn money. Get Gazelle and stop giving your money away !!!
  12. Here is a calculator that accepts your input for up to five credit cards. It gives an idea of how 'optimizing' repayment with a lower rate saves money - even more since you will follow an accelerated schedule by throwing the SNOWBALL at this debt. Credit Card Optimizer *Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
  13. 9/08/2007 CUSTOMER SERVICE Citibank P.O. Box 6500 Sioux Falls, SD 57117 Re: Closing account on Citi Master Card Accnt# 9999 9999 9999 9999 Dear Sir or Madam: This letter is my official notice that I will be closing my account 9999 9999 9999 9999 by the end of the month with Citi Cards. I do have record that the account has had a $0.00 balance since October 2006. To my knowledge, all my fiscal responsibilities with this credit card account have been fulfilled. Therefore, please close my account and include a notation in the report to the credit bureaus that the account was "closed by request of cardholder." Once this is done, please send me written confirmation of the closure of my account, in good standing and at my request. If there are any discrepancies between my records and yours, please contact me by mail at the address below or by phone at (999) 999-9999. Thank you for your prompt attention to this matter. Sincerely,
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