Tuesday, December 23, 2008

The Christmas rush

I guess most bloggers don't write much these days with everything going on in their lives. I'm no different, but I wanted to keep you updated to some important stuff.
 
Got paid last week $950 from my morning job. I paid the minimum payment on two credit cards and a scheduled payment on anothe credit card. So there was no money spend on the us.
 
From my regular salary I bought the girls their clothes and shoes (spent about $100 on that). The wife was upset because I didn't get her a blouse or shoes and has been reminding me of that every day. I remind her that I gave her money specifically for xmas stuff and she decided to spend it on something else. I told her that I didn't get myself anything and she said she didn't care about that. That I should've al least bought her a pair of shoes.
 
Our maid's mom got very ill, to the point where she herself is asking her relatives to prepare for her burial, so this week we don't have a  maid home. If my wife manages to survive this week without the maid I'll buy her the shoes.
 
Both jobs are going great. I'm sleeping one more hour since the girls are out of school this week until january. My morning boss told me to start looking at airfare for a trip to Phoenix on January or February. That would be great because I would work at least 8 hours every day for two weeks so I would do in two weeks what I normally do in a month here and would help pay off the credit cards.
 
Right now my plan is to get back on track with my regular minimum payments first which might take up the next two payments from my morning job.
 
Our company's coop is going to hand out dividends jan 5 and I'm the one that will get the most (since I have the biggest loan there). All that money will to paying credit card balance on the smallest balance.
 
I thank LG for her support , I think that mostly knowing that people understand my situation and wish me luck means a lot. I know they can't do much more, unless they can loan me money at 15% :-)  LOL.
 
MIT from "Jan Pedro Jula (slang for San Pedro Sula)" asked if I could consolidate my debt with a lower rate. Some of my credit cards are already on a payment schedule at a lower rate. I also talked to my mom about asking my dad for his extrafinancing line of credit again (the one I just finished paying). That would be a lower rate , something like 25 to 35% and it would probably cover enough to cancel one of the two cards I would like to cancel  that I can't at this moment. I will talk to dad tomorrow and feel him out. Then there's the actual calling the bank and see if they will lend him money again since all banks are changing their requirements.
 
I asked my brother too but his bank would lend him money at 42% which is high but still almost half of the credit card rate. However he only has about $3000 limit (which is the same amount that they would lend him on the extrafinancing) and doesn't know if they will lend him that money.
 
Kristi mentioned the snowball method and Dave Ramsey. I know him , I wished I knew him before! I'm doing the snowball method balancing with the rates on each debt. Now that I don't owe money to family or friends I have only credit card debt and arranged payments. They are mostly the same rate so I'm going to pay the smallest debts on those first. My cellphone credit card is the one i'm targeting now. Unfortunately I can't call that one because I would loose the cheaper cellphone family plan. but I did cut up that card so all I have to take care of is paying my cellphone bills and not let them get charged to the card.
 
Well that's the gist of it so far. I would like to say thank you to all that have left comments, or those that just read my blog and nod saying "yeah I'm feeling you man!" . May you all have a happy holiday.
 
Well at least this blog is free, it was a gift from Santa Claus or San Nicolas, or Colacho (slang for Nicolas).
 
Se que casi no escribo mucho en espaƱol, pero quiero agradecer a aquellos lectores de habla hispana e inglesa que leen mi blog en ingles. En realidad es muy dificil escribir un blog en dos idiomas. Lo he intentado y es mas esfuerzo y tiempo del que puedo darle para que tenga la calidad que deseo en ambos idiomas.
 
Por lo menos este blog es gratis, fue el regalo que me dejo San Nicolas.
 
 

3 comments:

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La Gringa said...

Feliz Navidad!

Sheralle said...

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