Just finished paying some bills and tweeking the mid-month budget. We are doing well, should have CC paid off by June, then only one student loan (DD) to go. It will be done by next June.
My church offered FPU for the first time starting Feb 2011. I wasn’t sure about taking it, and DH had no interest in the class. A friend and I decided to go for it, and joined in at the second class. Best choice I ever made!
I had NEVER done a real budget. We lived paycheck-to-creditors every month. We were those people with an excellent credit rating, but going down the shoot because we paid at least the minimum on ever-growing balances each month, then used cards to live. Re-fi, then charge up again. You know the story.
Fast forward- we are tithing for church, debt is decreasing steadily, bills are paid, “emergencies” haven’t stressed us out too much. Thankfully my DH always had conservative views about saving, so retirement is pretty well on track.
DH still has not taken the class, but he sure knows the program! He is happy to cooperate, as long as he doesn’t have to do anything other than behave. Our biggest lesson has been about our frivolous spending. That has almost gone away or at least fit into our fun budget!
Now, as long as the cars keep working….
I set up a file in my regular filing cabinet called “Will”. I gave the executor of my estate a letter that outlines where everything is with information about where to find things like updated passwords, the keys to my safe deposit box etc. Everytime I updated something I just stick it in the “Will” folder and then about once I year I go through and clean everything up to make it easy for her to find. I keep a list of ideas for funeral planning, etc. so that she would know what I would want. It’s not as formal as some people have but it’s a much bigger step forward than most people have.
I seem to recall sometime within the past few months someone on this site remarked about how unimpressed they were with the legal documents they had purchased from that site. I didn’t want to repeat the info because I can’t recall who was the person with the actual experience with the company. As for a comment on the Legacy Drawer, the topic only makes me feel guilty because it’s something I definitely need to sit down with my husband and get in order.
I’ve posted stuff that got way more attention than I ever dreamed, then I’ll post something that gets no response at all. I recently posted about an insurance issue we’re having here; I thought it was close enough to financial topics since it impacts not only our monthly budget but also our liability. That post didn’t get any replies either. I expect either a) folks are busy and not reading emails very closely, or b) folks don’t have personal experience and wait for someone else with experience to reply, or c) some other topic has more attention and a lesser topic falls through the cracks. It’s nothing personal. Unless you and I have both ticked someone off simultaneously. Which I doubt. Neither of our topics were rabble-rousing enough to make anyone mad. If anything, maybe they were just not quite exciting or on-topic enough. If anything, I think yours was more on-topic than mine but maybe no one has much experience with it.
Everytime I post something, I get no responses whatsoever. I’m very suprised noone had anything to say about the Legacy Drawer. Not even a comment from someone saying Sorry but they had no experience with the site recomended by Dave. It’s on topic as it is something suggested to be done by Dave.
Am I doing something wrong? Did I insult someone?
If there is no discretionary income, then partners may micromanage each other’s spending. “You spent $1.50 on a Mt Dew?!?!?” “Well, you bought a $4.99 magazine!” Blah, blah, blah!
how many accounts people have set with ING/capital one? Does anyone have account(s) set with perk street? I have been checking into them. I have been thinking about putting my spending/grocery at perk street(since they pay you….it adds up). Keeping the one at my local institution since my bills automatically come out there and possibly making the ING the ER fund. Then I will go from there.
It’s not too annoying since I’m leaving it there for savings. I just haven’t found a reason to leave yet. I haven’t been wild about the idea of ING being bought out, but Capital One hasn’t done anything wrong yet either. They are okay for now.
We are also signing up for Perk Street right now (I’m writing this while my hubs is entering his info). I have all our regular bills set up to auto-pay in ING and it is so great. I get paid weekly and he gets a pay check every other week, so I have a 1/4 of each bill transferred into a sub-account and once a month, the entire amount transferred BACK to checking so they can pay payday loans without credit check. It’s all automated at gshloans.com and it’s a beautiful thing!! I am hoping to get groceries and gas money transferred to Perk Street so we can use it just for the daily stuff.
I just got RID of those idiots(paid them off), now I have to deal with them AGAIN. Fortunately, I haven’t seen any change in ING yet. Maybe it’s because I don’t have enough money in the accounts at the moment to make a difference…
I was checking on the ING banking/savings accounts and see where Capitol One bought out ING. One of the members in this group referred ING and I was just wondering about the merging. Is this a good thing or a bad thing? I see where they are still offering .75% interest rate. I have read where some of the members did not like the merger. Any information out there would be very helpful.
I’m the one with the 21 ING sub accounts so I may just have to add a 22nd one if we can’t find something. I hadn’t realized many of them were so limited in their coverage, as you’d explained in your earlier post. I need to get my permanent crown put in a couple of weeks from now, so I think I’ll ask my dentist’s office if they have any recommendations on private dental insurance. Thank you for taking the time to respond to my inquiry, Jessica; I do appreciate it.
He likes to refer to everything in terms of “I”. I need this, I need that. He went to someones house doing his job with our personal car and the owners dog scratched our car door. He went through the mans insurance company and got the damage paid for, I asked him about the insurance money and he told me “I needed to live so I spent it”.. he received over $500 from the insurance company. Little things like that don’t add up in the long run. We just had our taxes done and he’s already hounding me about the money coming in. I had the accountant put all the funds directly into my checking account. This way I know where the money will be going and what it will be spent on..
I live in the boonies up in northern Michigan, so there aren’t any dental schools here, but I will say, I did use the dental school at the University of Florida when I lived in Gainesville a million years ago for my children. My children’s preschool teacher was married to the head of the dental department at U of F so he automatically became my children’s pediatric dentist. I have to say they were offered first class care, so I can certainly attest to using their services. I’m ok with paying for the dental work, we do have a savings account we contribute to weekly, but I’m thinking we might need to find a private plan at this point. Thank you for the suggestion, though. It is a very good one!
I’ve had friends who had no dental or low dental coverage and faced large expenses of that type and most will try to find a dental school for that. Many have said it was really great . You could try finding a dental school near you…
and I can tell you that there really isn’t a good individual plan available in our area that would cover the kinds of expenses you’ve faced. Most dental plans have an annual maximum that the insurance will pay out and for the individual market that is usually pretty low ($1,000 or $1,500). You should look into plans for your state since there might be some good options for you where you live.
so I went and looked up Legacy Drawer, I’ll admit its not a term I was familiar with. Considering I thought that most people included end life planning with a good financial plan. I’m not sure why I would buy a special binder/document organizer for it.
Definitely have your paperwork in order, wills, powers of attorney, final wishes, even a thought out funeral service, but to pay for something special to house these documents, I wouldn’t bother with.
I broke a tooth eating a Clif bar of all things two nights ago. I had to pay the dentist $1096 today for the new crown and the work. Last year one of my little guys had $5000 of dental work done on his baby teeth (yes, his baby teeth). Year before that, my husband had a couple of thousand dollars worth of dental work done. I’m seeing a pattern here. Our dental problems seem to be exceeding our medical bills as of late. We haven’t any dental insurance but I’m thinking we probably should. I have a couple of older molars with those big of silver fillings they used to do back in the 60’s and 70’s and I wouldn’t be surprised if they will eventually go too considering I’m in my 50’s and these teeth are at least 45 years old. So, any suggestions on where to look for decent coverage?