Lending Club Loans Update Feb 6, 2009

This year is really my year to magnetize money to my life!!! I have a few $25 loans over at Lending Club and I was sad to see one loan go into default a few months ago. The balance that the person owes me is about $20.00 and since I only invested what I could ‘afford’ to lose I was not too disturbed by that one account. Then I noticed that one person decided to pay off his or her loan EARLY so I got $21.60 deposited into...

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Tweaked The Budget Again

Hello money saving people! I tweaked the budget again because of changes in expenses. The budget is a tool that I use to keep track of my finances and as such it is not set in stone. I paid off the last bit of money that I owed Capital One so I am free of debt to them. Yeah!!!! I used to pay a (self imposed) minimum of $40 every month, plus whatever I could snowflake over and I am finally done with those payments. I have taken that...

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Tracking My Finances In 2009: 29 Jan
Jan29

Tracking My Finances In 2009: 29 Jan

Welcome to  tracking of income and expenses for the month. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month. This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first but I don’t get paid until the last day. Income for the month to...

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Debt Update: January 2009

It is time again to take stock of how much I owe and the progress I have made towards paying off debt. I have updated my NetWorth chart and as you can see it is still in the negative but slowly creeping upwards. I have also made some progress with the Debt Payoff chart and I am slightly above halfway done with the original debt. Here are the next two targets in my snowball debt payoff plan: Capital One Card Lending Club I currently...

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Suze Orman On the Oprah Show
Jan09

Suze Orman On the Oprah Show

In case you missed it Suze Orman was on the Oprah show yesterday trying to give people tips on how to have a better financial management plan in 2009. She gave a few tips that we PF bloggers talk about all the time such as having a plan to pay off your credit card debt. Suze noted that in today’s economy the best way to get rid of credit card debt was to pay the higher interest card first. She gave the following scenario: line...

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