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Thread: My Journey from Sugar Burner to Fat Burner - jenn26point2's Primal Journal page 107

  1. #1061
    jenn26point2's Avatar
    jenn26point2 is offline Senior Member
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    I also worry about Down's, which is a significant implication with having children later in life. That may keep me from having any more kids all together... we'll see how things shake out as we go on.

    As for debts, if we stay the course we're on now, we should start to work on our very last debt (not including our mortgage or student loans) in December 2015. Our daughter will be in Kindergarten then... *sad face* But, it's only 2 1/2 years from now which is a pretty significant pace considering the size of our debts. Not to mention, this plan does not account for overtime, bonuses, or pay raises. Any of those will simply make the time spent snowballing shorter. Our very last debt will be a loan for a car that we intend to buy in the next year or so for me to drive. We wish to wait until we get some stuff paid off before we take on another debt - namely the personal loan and the trailer loan. But there is thinking in the works that we'll pay off our credit cards first instead of paying off tangible items. I considered paying off tangible items first b/c then we'd have more "equity" and net worth, but he says we'll compound more interest on our credit cards doing it that way and it's more beneficial for us to eliminate that debt first. I intend to recreate my debt snowball to pay off credit first, then tangible items to see which is more beneficial to us financially. Everything out there says to pay off high interest stuff first, but Dave Ramsey, the financial genius of the world, says to pay off debts in order of smallest to largest principle to gain momentum and be motivated by paying things off quickly, rather than saving money in the long run.

    To illustrate, our one credit card has a balance of $10,000 at an interest rate of 20.99% or something really crappy like that. It'll take us longer to pay that off if we don't have smaller paid off debt payments to add to it. Say we have a small $3,000 loan (which we do) that we pay $100 a month on (which we do). If we pay that off first, we'll be able to add $100 to our credit card payment each month, wheres if we simply concentrate on the high interest card and don't have any extra money to pay toward it, we'll literally never get anywhere until we pay off our small debts first and use those payments.

    Anyhow, I'll have to figure it out. I'll probably look at credit first, but take them smallest balance to largest balance. Pay off the little credit card debts, then use that money to chisel away more at the bigger ones. I'll see how it shakes out... but honestly, I don't think that 20.99% card will be my priority right now. I think I'll focus on the two cards with 0% introductory offers and get them gone first, then snowball the piss out of the 20.99% card... I just won't tell him that is the order I'm taking them b/c he'll argue that big interest needs to go first...

    Ya know?
    Primal since March 5, 2012
    SW: 221 | CW: 182 | LPW: 166 | UGW: 140 (80 lbs loss)




  2. #1062
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    I will respectfully disagree with Dave Ramsay. There is a psychological advantage to his method, but there's also a psychological advantage to what your hubby wants to do AND a monetary one. Not all experts agree with him on that point. Why don't you roll your higher-interest debt into the 0% account? That's what we did when we were in a squeeze and it helped a lot. We got it all paid off too.

    Re sugar, would it work for you to allow yourself a once-weekly, moderate splurge, say a single scoop of ice cream with some Mountain Dew on it? Would that help you resist the sugar cravings the rest of the week?
    5'2", 55 years, Primal since April. Pre-Primal weight loss, from 216.6 to 157.8
    Primal low: 140.2 (Dec. 3) Goal weight: 135?
    Main Primal goal: beating back my CFS enough to function more normally and start writing again

    More and more, our life has been governed by specialists, who know too little of what lies outside their province to be able to know enough about what takes place within it.
    - Lewis Mumford

  3. #1063
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    Can't. My 0% account is only for $7k and is full. Not gonna get $10k to fit on that... And until we get some stuff paid off, we're at the top of our debt ratio, so no getting another loan. Already checked with the credit union for a line of credit to pay it off.

    I'll crunch the numbers and see what I can do. Sadly, home financial management with a stupendous turn around won't get me anywhere in the business world... Surely home management and planning should be good for something in the workforce, but no... >.<
    Primal since March 5, 2012
    SW: 221 | CW: 182 | LPW: 166 | UGW: 140 (80 lbs loss)




  4. #1064
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    Ok, refigured it with the credit cards first, in order of smallest to largest balance. We will be paying off all of our debts a whole 2 weeks earlier. The difference in interest paid is astounding though. $2073.43 is the interest savings. I guess I would expect to pay things off a bit faster with so much uncharged interest... let me re-add that... Ok, now I get 1436.28 in savings... We'll try this a third time... Ok, got 2073.43 again... guess that's the final answer... however, I'm not seeing that savings in our budget given the fact that we're paying things off 2 weeks earlier as opposed to like say a month earlier. I would expect our final debt payment to be a month sooner given this savings...

    Anyhow, the numbers say there's a savings and the payments end sooner, so I'll go the credit cards first route. I may do a bit more tinkering though b/c I still have a small loan in front of the credit cards. It's a loan for 3k. I'd really like to see that one go b/c it's a business loan for turn 3 graphics and we sold everything. I'd really rather not have a loan for something we no longer possess hanging over our heads. But... it is only $100 a month, so maybe it won't make a huge difference (or maybe it will) by moving it back in the cue. I'll do some more playing.

    Ok, even better. Total interest savings is 2385.16 and we pay everything off one month sooner than the original tangible goods before credit cards approach. Guess we'll be doing the credit cards first. Our first credit card will be paid off in October (refrigerator and toolbox from Lowe's). The next credit card paid off will be my credit card at 0% interest in May 2013. We'll actually go one month beyond the interest free period, but the interest accrued will only be $16.97.

    Ok... that's the plan. lol Our last debt payment, excluding student loans and mortgage will be made on October 24, 2015.
    Primal since March 5, 2012
    SW: 221 | CW: 182 | LPW: 166 | UGW: 140 (80 lbs loss)




  5. #1065
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    I really need to learn time management skills... For tonight I have to write a 3 page paper on material I haven't finished reading. By Thursday I have 7 chapters to read, but I don't think there is anything I have to do with them - just read them. By Friday, I have to complete an online training at work, which will take some time. *sigh*

    Luckily, I'm only 14 pages away from having the material for tonight read... the paper is 3 pages, single spaced over material that I don't really feel like I absorbed, but will find a way to write about. But, from 12:30 to 2 pm, I have a meeting I have to sit in.

    So I'm skipping the gym. Hoping I can get this reading done before the meeting and then write my paper after the meeting. Then tomorrow, since I don't have to do anything with the material I'm supposed to read for my other class, I'll instead work on my training at work and hopefully finish, but it's boring material... blah!
    Primal since March 5, 2012
    SW: 221 | CW: 182 | LPW: 166 | UGW: 140 (80 lbs loss)




  6. #1066
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    You sound like one really skilled number cruncher. Good luck with the reading et al.
    5'2", 55 years, Primal since April. Pre-Primal weight loss, from 216.6 to 157.8
    Primal low: 140.2 (Dec. 3) Goal weight: 135?
    Main Primal goal: beating back my CFS enough to function more normally and start writing again

    More and more, our life has been governed by specialists, who know too little of what lies outside their province to be able to know enough about what takes place within it.
    - Lewis Mumford

  7. #1067
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    credit cards can really get you in trouble if you don't keep them in check! Good job on the planning and good luck on the paying! When hubby and I got married 11 years ago I made it my mission to get us debt free! It took some doing - but I did it in just a couple years. Now the only thing we owe on is our house. And we're going to refi that so it will pay off in 15 years. Feels REALLY good! Now the credit card gets paid off every month!
    Read post #2626
    my motivation

    I'm doing this because I'm worth it - because I'm worthy - because I love myself.

    Goals: Healthy mind, healthy body, happy soul.

  8. #1068
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    jenn26point2 is offline Senior Member
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    DH and I will get there if we exhibit disciplined focus on it. It's going to change in the next year as we prepare to get me another car, but for now, it's a good plan. Brad doesn't like to look at it b/c he finds it to be daunting, but it's really quite simple. Each worksheet contains one month's worth of bills and one month's worth of paychecks, divided out by the respective weeks that they are received in. It doesn't change from month to month (well, unless it's a 5 paycheck month - those are nice b/c then I can usually drop an extra $800 on a bill!). It's built out to the end of 2015. It includes normal expenditures - daycare, gas, groceries, bills due that week, etc. As far as spreadsheets go, it's not complicated at all, but it's pretty. I like it. I stole it from the interwebz. My debt paydown spreadsheet I stole from the interwebz too and includes interest paid, new balance, etc, like an amortization for revolving credit. Love them. And I love whomever the genius was who created them!

    Ok, off to write my paper.
    Primal since March 5, 2012
    SW: 221 | CW: 182 | LPW: 166 | UGW: 140 (80 lbs loss)




  9. #1069
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    Just saying Hi.

    I understand all about the frustration of plateaus. I had lost some weight, then found Primal/Paleo, and have not lost another pound. In fact, I've gained weight, though I'm still a smaller size (jeans still fit). I do, however, feel tons better, and my digestion is greatly improved. My athletic performance (excuse me while I laugh my ass off just from saying that phrase) has improved a lot.

    Keep up the great work.

  10. #1070
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    Jenn, I think its great that you're working so hard to get the finances under control. Its a big job - but oh so worth the effort!

    You haven't mentioned the scales lately.......... ??? I dropped a few pounds last week after tweaking my macros a bit. I read The Eating Academy | Peter Attia, M.D. The Eating Academy | Peter Attia, M.D. and it made a lot of sense. Plus, I've been reading Paleobirds journal and she follows him too. 10% carbs, 20% protein, and 70% fat. And I keep my calories between 1200 and 1500. Preferably the lower end. You might to give it a try if you're still stuck.
    Read post #2626
    my motivation

    I'm doing this because I'm worth it - because I'm worthy - because I love myself.

    Goals: Healthy mind, healthy body, happy soul.

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