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Showing posts from October, 2010

Confession (Debt Rut part two)

I did it. I said I wouldn't, but I pulled the trigger.

I bought a netbook. Actually, more than a netbook. About $300 more.

I put in some overtime hours and instead of putting the extra money onto my debt I used it to buy myself an early birthday present. A $600 early birthday present. A little laptop, that had all the specs I had been researching for the past six months. I tried to wait another month to see if the price would drop for xmas, but I gave in.

It's an Acer Aspire Timeline 1810T. I'm going to write a proper review for the Future Shop site and I'll copy it here too.

So far, a fun little toy.

Please don't judge me :)

Seriously, Karissa

PS: I also bought a new winter coat for $89. It's goose-down. Hopefully it lasts the season. It has been years since I bought a proper winter coat. PAID OFF.

PPS: I also bought a gym membership for $40 a month. So far I've been going to yoga twice a week and it's totally worth the money spent. Deducted from payro…

I'd be rich

Recently my sweetheart and I had a conversation about lotteries. I told him that all I wanted was one million dollars. It's a ton of money for my purposes but really on the grand scheme of things it's not much. Think about it, all you have to spend is one cent and you're no longer a millionaire.

Anyways, if I won a million dollars - which I wouldn't, because I don't buy tickets - I would spend it like this:

$400 000 - one good piece of property to live and retire in. It doesn't even have to cost that much, but I would like to put aside a cushion for utilities and maintenance.
$40 000 - pay off every last cent of my credit card debt and student loans
$60 000 - take a trip around the world with my son and my sweetheart

That's only half. The other half I would put into trust funds for charitable donations, maybe a bursary at my university, and of course savings for my future and Bean's too. It's really not that much but it's a fortune to me, and ho…

Debt Rut

The dreaded debt rut. I think I'm in one.

I recently posted that I switched my focus from paying the credit card debt as quickly as possible to building a proper emergency fund, which I expected to deplete either if I went on strike or if I got the car repaired.

I didn't go on strike, but I did get the car repaired. Yet my EF still sits at just over $1000. The thing is, where recently I thought having savings would be detrimental to my aggressive debt repayment schedule, instead I decided I liked the look of a nice four-figure number in my bank account. I changed my mind, and that's ok. The debt gurus would be proud, because I now have a minimum EF.

So not only had my debt sat at $6500 for over a month, it's now actually increased to $8000, because I decided to use my line of credit to pay for the car repair, so that I could keep my little EF intact in my savings account.

The other thing I have decided is to re-visit the "Debt Diet," which I think Oprah was e…