What a week.
I’m tired. I’m exhausted. I want to rest.
Another week of bills that I can’t afford to pay.
Not to mention not having enough for groceries and food for my dog.
Despite the downward spiral of things, a friend of mine gave me a $100. Another friend gave me a gift card for $25.
I think I’m going to use the $25 for gas and use some of that $100 for groceries and other things I need.
The rest will be deposited into my bank for bills.
Another thing I am relieved about is my Golden Valley Lending payment has been pushed back to the 10th of January. And I am SO glad. It was a $400 payment.
Let’s roll up sleeves and get into it.
Movie Club: $10
Amazon Prime: $7
Best Buy: $28
Money I should save up for the following week:
Rent: Have around $300-400 in account
Total outgoing (not including the following week):
What I have in my account:
How much I need:
In retrospect, this isn’t as bad as things appear to be.
But when you are worn out and fighting depression, it just feels like a mountain to climb.
I am hoping child support will come in on Tuesday. That should cover the bigger bills (Lendgreen and car insurance) and give me around $200 until Friday rolls around.
As I am typing this, it is nearly 7:00 P.M.
After a quick dinner (cereal) and a little down time and filling in my to-do list and calendar, I will be driving for Lyft to get going on that $90 (plus more in preparation for the following week).
I am looking forward to my financial aid reimbursement in January to help with the living expenses.. even more so with the tax refund.
So I’ve hit a snag with my credit score. It SHOULD HAVE been 630 by now.
But I did open a new credit card and spent more than I intended (still under balance though). But I think it messed with my debt ratio.
I also tried to refinance my Golden Valley Lending payments and I think they check your credit score for it so that’s another hit.
I’m brought down to 595.
So what I’ve learned from this mistake is…put all my payments towards my loan payments first and worry about raising my credit score second.
The money I put towards my credit cards could have gone towards my personal loans which means lowering my payments or at least keeping up with it.
My credit score would have been left alone at 612. Lesson learned.
Because my income is so low as well as having so much debt that I’m hauling around, my mortgage lender gave me two choices:
1. Co-sign with my mom and see what I have to work with
2. Wait until I finish school in 2021 and get a loan for potentially 250k.
I decided to wait. I’m already cracking under the pressures of my debt.
And waiting until 2021 gives me a little bit more stretch of a time to get my debt under control and raise my credit score.
I don’t know what it is about blogging my financial journey but it somehow brings me peace.
I think just seeing it all broken down and sharing my plan of action calms my anxiety and motivates me to keep going.
Welp, I will see you guys next week!