Saturday, September 5, 2009

budgets and goals

I've made a budget, two actually. I made a budget for the money I receive from my morning job, most of which goes to paying debt, another part goes to my emergency fund and to my freedom account. And a small part goes to my wife, my girls and me to feel some reward from this job.
The other budget was a quick one I made for a one-off job that I got paid for and again most of it, about 80%, went to debt payment, 10% went to the accounts and 10% to us.
The sad thing about making the budget is realizing that the first fantasy budget doesn't cut it. Going thru the bills and looking at the minimum payments and writing a permament number (not the minimum otherwise I would never get out of debt) really cuts off the money left over for savings and for self-reward.
The good thing is that following the budget is a good way to remember to pay all bills and stop the collector's calls when I get behind on payments. It's also good because on a separate sheet I write the balance, the payment i make, the interest's i'm charged and the new balance.
So last thrusday I got paid on my morning job and othe one off job! Wow a ton of money in my hands. On previous years I would've blown half of it probably and paid with the rest and then would be getting calls for other payments that forgot to make. Not this time, I got all the money into my bank and made the payments online whenever possible and the using free ATM withdrawals took out the rest of the money to pay other cards and deposit on the accounts.
I have some money left that haven't paid yet. Unfortunately I still had forgotten about two bills, a small one and a larger one. Got called for both today, so i'm reviewing the remaining money and due dates, etc. to try and cover the minimum payments. It's sad to have to work it this way because I know I might pay both bills on monday but another bill will be left behind.
The good thing is that this bill left behind will be paid in parts from my morning and day jobs until I get it to date, probably by end of september.
Another good thing, looking at my balance on my Bac Platinum card I realize that my dollar balance is about $230. Strange because I thought it would be lower. I looked and they charged me $150 for the membership renewal. I'm going to ask them to reverse it, I did that for my citibank account and they reversed it even though my credit rating with them wasn't that good. Please wish me luck, or pray or send good fortune to me in the hopes they drop that $150 charge.
IF they do drop it I will be left with $80 to pay. And my budget for that balance is $100 that comes from the second payment of the month from the morning job. SO, on october 4th or 5th I should be putting that balance to ZERO! not yet but I can see it comming. IF they don't drop it then it will be another two months (I might get the $30 elsewhere just to get that thing to zero right away) but still within sight.
Next up is making the budget from my day job, which will include the house expenses and all the stuff I pay for which is not debt. I feel this is much easier to do now that i've done the first budget.
On the political front the US has put more pressure on our country to return the ousted president. They've cut all non-humanitarian aid, are not issuing any more visas to enter the US, are not willing to recognize the november elections at this point and might cancel visas to some 1,200 honduras liked to the interim government.
I hope that my morning job doesn't get affected by this, so far it hasn't been. I hope november comes quickly and we get elections. I hope the US at least recognizes those elections so things can return to normality on January with a new president.
Tonight Honduras has a soccer match with Trinidad and Tobago. I hope they win and raise our demoralized spirits. We thought the US was our ally and right now it doesn't feel that way, but I still have hopes they will eventually help us again. OR we learn to stand up on our own feet and fend for ourselves.

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