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Mid November Update

November 17th, 2008 at 01:58 pm

We are half way through the forth quarter. I have 2 goals left for the year. No new debt for the holidays and pay off the last of my non-mortgage debt.

On the debt, $2,028 down $3,881 left. Yep, my snowball is really starting to tear into this debt. It's just amazing to me at this point. True most of this is from cars, credit cards, and braces being paid off. Also, a nice chunk from the IRS. But, some of this came from a mindset change. Me and my wife look at things and go do we really need that? Is that really important to us? And that's what really keeps our spending in check.

The weird thing is everyone talking about how crappy 2008 is. People ask me and I say "I'm having a great year."

Them "Your net worth up?"

Me, "Nope."

Them "Big raise, new job, went to all cash last November?"

Me, "Nope, nope, and definitely no, but I did drink the kool-aid."

That's usually when they step back.

After Thanksgiving, we'll really need to mind the budget. As for the debt, I am looking at another $2,000 by the end of this month and then I'll be left with less then $2,000 for December.

One last thing, for your 2009 goals, I would urge everyone to get a will and term life insurance, especially if you have children. It is the responsible thing to do. So quit whining about your mortality or the cost (I got $1.5 million 20 year for $900 a year and the will cost $650, included health stuff and power of attorneys), just get it done in the first half of 2009 and stop your whining. If you were to die, do you want to be a burden on your family? Your spouse trying to come up with enough to bury you, pay the mortgage, fight with people over your wishes. Really, just get it done.

Enough said.

3 Responses to “Mid November Update”

  1. Funny Honey Says:

    I am glad you had a good 2008!! You've certainly accomplished a lot.

    Note to self... look into Life Ins. and will.

  2. creditcardfree Says:

    Life insurance...check.
    Will...check.

    Actually the will needs to be updated, it shows my deceased father in law as a contingent beneficiary. If you are in the military you can get this updated for free. I have a form in my email box to do just this.

    Thanks for the reminder and great job on the goals! You have just done amazing this year!

  3. Personal Finance Student Says:

    I totally agree with the will and life insurance. It really brings peace of mind too. I know that if my husband were killed, I would have enough to take care of everything (funeral expenses, moving closer to family, even the debt, etc.) and take care of us for a good little while. Anyway, Suze Orman offers her kit free to viewers, I figure it's probably still good...

    To access your free kit go to: https://www.suzeormanwillandtrust.com/giftcode/

    Enter "People First" (without quotation marks) in the gift code field. You will then receive an activation code and instructions on how to access your kit. If you are married, you will need to set up a second account (you need some separate forms) so make sure you keep the activation code and after setting up the first account go to www.suzeormanwillandtrust.com and click "I'm a First Time User", enter the code and you're good to go.

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