A Factory Working, College Grad Getting Out of Debt

2012 Breakdown Quarterly/Annual Report

Hello again everyone.  I know you might be thinking that you’ve already a seen a Breakdown for this month, but I would like to see what exactly I have been able to accomplish in my overall debt from when I started to today.  In the future, I will have quarterly breakdowns as well as annual breakdown reviews of both my debt and my raindrop progress, but since I only truly started keeping track in October, this is the only quarterly/annual report that I will have for 2012.

I have an excel sheet that I have developed to see what all I have been able to compare month to month on everything, and I will be showing you how to create your own for your home.  You could easily adapt it for a business as well.  However, that’s for next time… so let’s get down to business shall we?


From the months of October to December, I made a few changes in my bill payment methods.  Thanks to the advice of some of you, I have started doing an adapted version of Ramsey’s “snowball” effect.  I also transferred a big chunk of my credit card debt to a 0% APR credit card that was issued through my credit union.  This has allowed me to progressively work towards getting rid of my high APR cards and avoid the interest monster for a year.

Unfortunately in the middle of November, I left my job because I had no choice. Thankfully, after waiting six weeks to make sure there was going to be no contest from my former employer, I was relieved to announce that I did indeed win unemployment and cannot help but say that it has truly been a relief on my savings.

Of course, my “fun” expenses have taken a plummet because of that unemployment status.  In fact, from that particular segment of my expenses, it changed from nearly $300 to a mere $75. And that expense is only that high because I’m currently relying on gift cards that I was given over the course of the holidays and my birthday to liven it up sporadically over the next few months.

My gasoline and food budget have also exponentially decreased.  While I was working, I found that I was spending 1/4 – 1/3 of my monthly income on just fuel.  I was then spending a near 1/4 of my monthly income on food that I was eating before, during, or after work.  It’s kind of an eye opener how much of my income was based on necessities and now how I’m easily living on just selling excess on ebay and amazon as well my unemployment.  Crazy.

I have, however, reduced my debt by $819.91! Even with my crazy, expense-filled December, this difference is so inspirational I can’t even tell you how happy I am that I still made a difference despite the problems I faced this quarter.  Thank goodness right???


Count those Raindrops!



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