Debit Cards

Cash Money…Dollar-Aire?

The three main reasons that I use cash and not debit/credit cards for daily purchases are… 1. I spend less when I use cash. Handing someone a fifty is much, much harder and more real than signing a credit receipt for fifty dollars. 2. Simplicity. I use an envelope system, and when I use cash I know exactly how much money I have in each account. Plus, less debit purchases mean less check-book entries to deal with and remember. 3. I want my kids to see me use cash. I want to teach them that real things cost real money. Checks, debit cards, and credit cards represent “fantasy” money to children. Cash is real!!!

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Goals

Goals Expanded

Okay, after much thought and reflection, I have decided to update my goals. As I learn more about this blog stuff, I will create a side panel showing goals and progress. Unfortunately, I do not know, as of yet, how to do that. Anywho, here are my “short-term” and “long-term” goals and current financial positions… Cash: Emergency Fund Savings: 1000 dollars Allocated Savings (annual bills): 1000 dollars Checking Accounts: Approx. 1000 dollars Total available Monies: 3000 dollars 403b Retirement Savings: 13000 dollars Total of All Debt: 11510.22 dollars My short term goals are as follows: Pay off debt, using approx. 1700 dollars a month. This should pay all of my debts off, 2 autos and 1 ccard, by the 10-10-2005.…

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Debt Story

Current Debt Situation

Here is a summary of my current debt situation… Auto 1: 2,656.33 Auto 2: 3,255.23 Credit Card: 5,598.66 Total Debt: 11510.22 dollars I am trying to pay off all my debts by 10-10-2005, just 7 months from now. I will need to dedicate roughly 1700 dollars a month towards debt payments. I am excited about the idea of having no debt by October, and almost certainly by December. We live in a house provided to us by my job, so no rent or mortgage. My goals, after saving up my emergency fund and funding retirement accounts, are to save enough money to replace our cars every 5-6 years, send our 2 children to college (ages 1 and 5, right now),…

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