A Factory Working, College Grad Getting Out of Debt

June 2013 Bill Breakdown

Sometimes, I definitely feel this way.  Especially when someone suggests that I should go use all this time I now have being unemployed and go out and have fun, but then gets huffy when I say no because I can’t fit it into my budget because even the gas is being rationed to sustain my no money lifestyle currently.

Anyway, May has come and gone, and it was not without its expenses.  In fact, I found myself spending more money on me than I have in AWHILE.  I blame this on having a bigger budget this month due to various events, but as I said last month, most of this was anticipated.  I also ended up making a couple of purchases via my Paypal account to help get me organized and better equipped for the oncoming future. I’m not too worried about those purchases, but they will be seen in this bill breakdown this month and next.  In fact, I had been trying to keep away from all that extra income that I had been making for a very long time and allowed it to accumulate (I basically only survived on the unemployment money I received each week).  I’m still continuing to do that, and I really appreciate the things I now get when I have the chance all the more.

May also saw me do the clutter busting challenge.  If you’re a new reader, it won’t be very hard to see any of those posts that I made.  A lot of items were trashed and recycled, but some of it was put onto ebay and I’m hoping to make a little bit of money from those items.  If I don’t however, I’m fine with that too.  They’ll just go into the donation pile.

This month is going to get tight however.  My unemployment ended last week and I’m now currently waiting for the extension to go through while I continue to look for a job.  I also have my car insurance payment due and that’s going to be a big chunk of change.  Hopefully I can last on the least amount of money as possible this month, or end up doing odd jobs and services for friends to make a little extra cash or something.

Car loan: $2,483.82 I’m going to keep the low payment in order to continue the ability of paying off part of my student loans… so this month’s payment will once again be the small amount of $261.00.

Credit Cards: So I’ve said goodbye to two credit cards since I started this, and I also recently found another grey charge and cancelled it from one of my credit cards.  I’m hoping I’ll see reflected in the statement next month, but I’m sure it was a little two late when I cancelled for it to be shaved off the bill this month.  Either way, I’m happy I saw it.

  • Solidarity Visa: $2430.00  Minimum payment: $30.00. This month’s payment will be $30.00.
  • Chase: $1309.40  Minimum payment: $27.00.  This month’s payment will be $27.40.
  • Pay Pal Bill Me Later: $1,882.23  Minimum payment: $48.00. This month’s payment will be $48.23. 
  • Amazon Store Card: $772.63  Minimum payment: $35.00. This month’s payment will be $42.63.
  • DressBarn Store Card: $312.50  Minimum payment: $25.00.This is still the card that I am now working on eliminating, so this month’s payment will be $52.50.

Total Credit Debt: $6,706.76   Total Payments: $200.76.

This is compared to last month’s credit debt of $6744.15 and total payments of: $221.15, which means my debt went down $37.39.  Ouch! I knew it wasn’t going to be a huge impact as last month was a BIG spending month.  Even with my budget, I ended up over my $200 budget by $40.  It couldn’t be helped, but I wasn’t surprised that I underestimated the expenses of travel and being in a wedding party.  That’s okay, I’m still trying to make as much money as possible via selling old items of mine or even doing commissions.  We shall see how that goes in June as it picked up just a little the last week.

Student Loans:

ECSI: $470.00  Still in grace period.  However, I am going to be putting a payment of $50 on it.  With the fees, that will equal $51.95.

Direct Loan:  $18,862.74  Currently deferred until August. 

I thankfully was able to defer the Direct Loan student loan until August.  The ECSI however, will end its grace period this month and the first payment will be due in July.  This is a big reason why I’ve been doing what I could to get rid of that student loan payment.  It’s almost gone!

Other anticipated bills this month:

Car insurance for 6 months = 331.35.

Little brother’s graduation gift = $50.

Complete Total Debt: $28,523.32.  Total Payments: $513.71 + 331.35  (car insurance bill) = 845.06

This is compared to last month’s $28,888.07 debt total and $564.10 in payments.  That means in total I have decreased my overall debt by $364.75!  Not as much as I am accustomed to, but May was a big expenditure month, and this month is going to be any different due to the car insurance bill.  Man I hope I hear from some job opportunities soon…

Please let it rain!

DecMeadow

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