Happy Friday. It’s been just about a month since my last debt update, and I’m feeling relatively successful at it. I’m still on track to get rid of it by July, having eradicated $1,267.39 in the last four weeks.
Aside from the satisfaction of persistence, there’s actual good news: as of yesterday, my employer has brought my salary halfway back up to what it was a year ago. We all took a 10% pay cut in April of 2009, and the company’s leaders are finally, but cautiously, optimistic about growth in 2010, so they gave us “raises” equal to 5% of what our salaries used to be, and hopefully will be again.
After taxes, this means an “extra” $115 in my twice-monthly paycheck. This should’ve meant that on April 15th, instead of making a $650 payment to my “newer” credit card debt, I could make a $775 payment. Unfortunately, around the same time that the “raises” were happening. my shoulder pain from sitting in a crappy desk chair was getting unbearable. From previous experience, I know that my employer is not one to take quick action to remedy a health problem, so I got fed up and got a new chair. (Maybe they’ll offer to reimburse me. Who knows.) Coincidentally, the chair and a footrest cost a total of $115.71.
Here’s where things stand right now:
|Credit Card Debt Totals||Change|
Since I started the debt updates on January 26th, the combined debt has gone down from $6,828 to $4,230.
And starting at the end of April, I should have another $115 to add to each credit card payment.
Of course, I have some typical and atypical admissions to make concerning the things I put on plastic, instead of using cash.
Things I Put on Credit Since the Last Update
- Enterprise Rent-a-Car – $17.29 – This is a perfect example of why we should always check our statements, line by line. I didn’t know this was here, and I’m not sure why it is. Renting the car while they worked on my 60k service should’ve been free. I suppose I should call and ask about this.
- Toll roads – $120 – Apparently, I’ve been driving a lot these past four weeks. Roughly once a day I wonder if I should take surface streets more often, but I always end up deciding that I’d rather just get home soon.
- Mobile phone service – $85.36
- Web hosting – $16.25
- Google AdWords – $2.24
- Usenet service – $2.99 – as promised, I lowered this to cover just what I need in a given month
- Podcast subscription – $5.00
- Various entertainment things purchased through PayPal on Amazon and iTunes and CDBaby – $40.99 – I am shamed.
- Lawn maintenance – $64 – I should switch this over to use the debit card for our joint account.
Unfortunately, that’s not all. I also used my debit card a few times since the last update.
- Comedy at the Improv – $23.93 – I went out on St. Patrick’s Day to support my improv teacher and other local comics, and you’re probably familiar with that stupid “two item minimum” thing.
- Rifftrax version of “New Moon”, and others from Rifftrax – $6.93 – This is so awesome.
- Convenience store something – $3.16 – I have no idea what this is.
- Parking for my standup comedy practice – $3.00
- The afore-mentioned new office chair and foot rest – $115.71 – a necessary evil, I’m afraid
So, the things that I feel at-least-slightly guilty about total about $80 for the last four weeks, the same time period that I got rid of $1,267 in debt. End result: go me!
You can cheer me on and/or witness my money minutiae on Twitter if you want to.
Updated June 24, 2016 and originally published April 16, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.