Hehateme000's Personal Finance Blog

Hi everyone. I am 27 years old with a wife and 2, almost 3 kids. I have lived the last 7 years spending money and making sure I make all my payments, without saving a dime. I have a total of 117K in debt. I am finally ready to save money and pay my debt off. Please join me in my journey to pay off my debt and save money for my family's future.

Here is my current situation.

03/19/17:
Current Savings: $0

Current 401K: $0

Current Debt:
46,359 - Student Loan (Mine)
41,978 - Car #1
14,040 - Car #2
5,256/6,000 - Walmart CC
3,724/3,800 - Capital One CC (Mine)
1,215/2,900 - Lowes CC
1,079/5,000 - GE Capital CC
973 - Old Court Fine
786 - Student Loan (Wife's)
578/600 - Wells Fargo CC
498/500 - Teamsters CC
192/300 - Bank of America CC
160/500 - Kohls CC
110/4,900 - Care Credit C
94/200 - Capital One CC (Wife's)

Upcoming Bills:
600 - Taxes
100 - Filing for taxes

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Monthly Bills:

750 - Rent
560 - Car #1
330 - Car Insurance
320 - Car #2
300 - Gas
300 - Groceries
250 - Phones
150 - Walmart CC
120 - Electric
100 - Lowes CC
100 - GE Capital CC
87 - Life Insurance
80 - Capital One CC #2
80 - Water
50 - Student Loan #1
45 - Tanning
30 - Bank of America CC
30 - Care Credit CC
30 - Capital One CC #1
30 - Wells Fargo CC
30 - Kohls CC
30 - Teamsters CC
30 - Trash
20 - Gym
20 - Oil Changes
20 - Old Court Fine
12 - Netflix
11 - Ipsy Subscription

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Current Month (March):

1,590 - Current money
1,500 - Forecasted income for rest of the month
3,090 - Total money for current month

2,010 - Total bills left for current month

1,080 - EXTRA Money this month.

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I plan on spending the 1,084 on filing taxes (100) and the rest to an emergency fund (980). I will keep you updated!

I would normally post my whole monthly expenses and income but it is always fluctuating. I get paid weekly and my fiance gets monthly commission. Plus our expenses are always fluctuating because of the extra income. I do budget about 6 months in advance so I have a plan. Basically without having to post so much detail about my budget, my total debt will look like this:

Now: $67,396
9/1/14: $62,832
1/1/15: $55,570

SO I can have $4,500 paid off in 3 months, and a total of about $12,000 paid off by the end of the year. At that point we should get a good tax return soon and also have extra money each month to pay toward more debt or to create an emergency savings. I actually think along the way I would like to build up at least $1,000 in an EF. What do you guys think?

Hi guys. This is my plan to pay off all my debt and to create a savings for me and my family. I have 2 young boys, 3 and 1, and a fiance. We are both in our mid twenties and we have put ourselves in quite some debt. We just bought a house and currently have a lot of monthly expenses. I will use this blog as a motivation to get out of debt, and to also create a savings for us. Here is a list of all our debts:

Debt:
Kays CC ---------392
WF CC-----------595
Lowes CC---------710
Walmart CC-------947
GE Capital CC-----1152
Cap 1 CC---------1298
Collection--------1320
Student Loan #1---2213
Court Fees--------2492
Care CC----------3495
Car 1------------9672
Car 2------------21605
Student Loan #2---21500

Total:------------67,391


Savings:
401k--------4,500
EF-----------0

Total:--------4,500

I will post my monthly income/expenses and any money that went to debt and will keep track month to month. For now I will pay off debt and will try to sell stuff to get more money into an Emergency Fund. Thank you to all who is looking and coming onboard!