MoNEy MaTtErs

It has been a while since I sat down and wrote about my finances. I am a debtor and am fully admitting my issues with money. I have not attended a DA meeting in months. The debt collectors still call and I owe the IRS and State more than I care to. This is my addiction! It’s a dumb place to be, but I still manage to pay my bills.

Anyway, there are some positive things happening. I have made a rather small dent in my debt. Paid off five of my smallest bills. I have been taking the overtime I have earned and used that to put towards my debts. I utilized my company’s 401(k) and set only 1% of my bi-monthly paycheck towards retirement. I am starting way late and this will not be my only vehicle of retirement, just a start.

I have noticed that I am starting to have money between pay periods which is awesome. I am having daily struggles of “I could buy this, I have the money” and seem to be able to talk myself out of a shopping spree. I tell myself, “I have enough”. Hey, whatever it takes! I am still struggling with the monhtly expenses. There is a bit of “I deserve satellite TV!” and am recluntant to turn it off. Plus, I am also helping my mother by paying her bills and that is close to $300 per month. Before long, I will need to sit down and make a plan to reduce my monthly expenses so I can pay off more debts and still have just a bit for myself. I don’t want to grow this mentality that I am poor, because I am not. Just debt ridden!

So here is the latest snapshot of my networth. I look forward to seeing what it will look like in a year or so.

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