Friday, August 31, 2012

Friday, August 31st, last day of denial

          Can you beleive the summer is over and tomorrow I will have to start facing all the summer bills and trying to figure out a way to pay them off?  I have just been shoving aside all the new debt because I could do nothing about it.  I have a few things in my favor, that will help. 

     1. Hubby gets a 3rd paycheck today so that will pay off the overdraft loan that we used on some of the sewer disaster. $765.03 paid!

     2. We still have over $3000.00 in a savings account part of it being the emergency fund left to pay sewer bills.

     3. Will get overtime checks that are huge!  I will apply these to CC balance to help with surgery bills,and sewer supplies. 

     I have four bills to pay that were incurred this summer in addition to the old debt.  I have paid one off and hope to be able to pay two others before the end of September.   This will leave us with the house, the car, the truck and the major sewer bill.  So we will be $10,000 deeper, but I have already made my first payment on that loan.  I will concentrate on the sewer loan before the car and truck as the interest is about 5 points higher.  My plan is to try to have it paid off by Christmas.  Remember how I was going to have the Truck (studio debt) paid off by Christmas?  Well the well laid plans......

     I tried so hard to have the studio savings up to $6000.00 by summer, and I only was able to save $3500.00.  I have to remember that I had paid off all the cc debt by June so I had really made progress.  Studio bills are a minimum of $6000.00 with out the new street and parking lot assessment. (Something I have not even discussed as it was so upsetting and I could do nothing about it) So I now owe about $4212.00 to a studio account.
     This will really be one of the things that I strive to do in this new school year.  Every month for the next 9 month I will put $500.00 a month in savings at the studio, then with the summer workshop I should  be able to pay the bills.

     Just feel like I have gone so backward, but I also have to remember that I am in a whole lot better shape to attack this problem than I was a few years ago.

Out My Window:  Very cool this morning almost like Fall.  It is nice.  We will probably do a lot of yard work this weekend.

Have a great and productive day!



  1. I know you'll do great!! The set back is not your fault. I know you'll keep moving forward!

  2. We all have our set least I know I do! But you whine about some chocolate....and put your big girl panties on and keep moving forward. You are doing terrific!

  3. I don't know how you keep it all straight.....but I have faith you will get through this $10K setback.

  4. Indeed, we all have setbacks, and it may feel like we're moving backwards, but we're definitely on a better position than when we were on that stage in the past. We know a lot more than we did then, and if it pans out, you will have that added debt gone before next Summer rolls around.