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Archive for June, 2008

401K Loan

June 28th, 2008 at 03:47 pm

A few years ago I took out a 401k Loan and Monday will be my last payment. I'm so excited. Now that I'm more into my finaces I know that that was a stupid move and I will never do that again. Well I don't have to because I have my starter EF in place. Now I will have an addition $138 a month in my paycheck which will go towards paying off my Target Credit Card Debt. Knowlege if power or should I say the use of knowlege of power.

Finished Baby Step 1

June 26th, 2008 at 03:54 pm

Hello everyone,

We received our stimulus payment yesterday. So I have completed Baby step 1. Now I'm on to baby step two. Target here I come. I have decided to pay $405 a month to pay off my cc in a year. I'm so excited about my accomplishment so far. But I have to say saving can become an addiction. I love to see my account grow. I haven't really saved a decent amount of money since I was in my early twenties so to get back to saving is a great thing for me.

Well I hope you all are having fun with saving and decreasing you'll debt. Good luck.

AOL Increase

June 22nd, 2008 at 08:32 pm

I received an e-mail from aol last week stating:

We’re writing to inform you that the monthly fee for your AOL membership will be increased to $11.99 per month*. This change will take effect on your first AOL bill after July 18, 2008.

This plan is still a great value, saving you at least $3-$10 per month over comparable plans from other major Internet service providers. This small increase allows us to provide you with unlimited live technical support 24 hours a day, as well as reliable Internet service, industry-leading safety and security tools, exclusive content and many other great features and services you’ve come to expect from AOL:

Unlimited dialup service, allowing you to be online whenever you want, for as long as you want, with no hourly fees or overage charges
24/7 live technical support by email, chat or phone -- so we're always there when you need us
Protection against viruses, spyware and hackers from McAfee® VirusScan® Plus – Special edition from AOL (separate download required)
Industry-leading Parental Controls
Tools to help block spam and pop-ups
Up to seven AOL screen names with unlimited email storage
5GB of Xdrive online storage for photos, music or files, accessible from any Internet-connected computer

Because you’re a valued member, we’re offering you another option. You can choose a version of the Basic Dial-up plan that does not include unlimited technical support by phone. Members choosing this plan, which costs $9.99 per month*, are only able to contact AOL for technical support by phone if they have trouble connecting to the Internet. For instructions on how to select this limited-support plan instead, click here.

To avoid this price change you must choose a new plan or cancel before your first AOL bill after July 18, 2008. Otherwise, your continued subscription to the AOL service constitutes your acceptance of this change. To review your current billing information, including price and bill date

Financial Readings

June 17th, 2008 at 08:25 pm

I just finished reading

The Total Money Makeover by Dave Ramsey
The Road to Wealth by suze Orman
Suze Orman: For the Young, Fabulous and Broke
Women & Money
by Suze Orman
by Dave Ramsey
Financial Peace Revisited.
The Automatic Millionaire by David Bach

Emergency Fund

June 11th, 2008 at 08:58 pm

I just started Dave's Ramsey 7 Baby Steps last month. I'm almost finished with step 1.

1. $1,000 to start an Emergency Fund

2 Pay off all debt using the Debt Snowball

3. Three to six months of expenses in savings
(b) Start saving for a house.

4 Invest 15 percent of household income into Roth IRAs and pre-tax retirement

5 College funding for children

6 Pay off home early

7 Build wealth and give!
Invest in mutual funds and real estate