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Hide and Seek

November 13th, 2009 at 06:27 pm

I swear - it's so difficult to pay collection accounts. Having to track down some of these older companies is killer. It's like a game of Hide and Seek.

I managed to get two more accounts paid this week (updated sidebar). I have a good sized snowball at the end of the month that will help to eliminate a few more! Smile

Yeah!

Added another $100 to my Emergency Fund... Added another $150 to our Short Term account, and also moved some money to my oldest son's ING Savings account - he added 10% of his birthday money!

We have my niece's birthday tomorrow - I have $50 set aside for that... and finally, to bring us to a zero-based-budget, I have $110 for groceries for the week.

I do have about $200 extra in my checking account - no idea where that came from. I will wait a few more days, maybe on Tuesday, and check to see if I forgot to send something out, or if we just did real good at not spending so much this past week!

Oh... I also started a new stash cash fund... It's in a Christmas Tin... and it started with a few $1's before Halloween... but every time I got to the grocery store, I get $5 cash back - and now there is a little over $100 in there!! Smile Its purpose is not yet defined, but I am hoping I can keep adding to it so that when we buy our house next November, we will have some extra cash for stuff if we need it. I like it because I feel as if I cannot take money from it... just like my ING accounts...

The plan is working... Smile I am saving!

5 Responses to “Hide and Seek”

  1. ceejay74 Says:

    Congratulations on ridding yourself of those old debts!

    As for the unexpected balance in your checking account, I suggest creating a ledger of expected future income and expenses, and what you expect your checking account balance to be at the end of each month (or each transaction if you want to use Excel spreadsheet with formulas). Then when something comes through higher or lower than expected, you know why your account balance doesn't match your expectations, and you can feel secure that you actually do have a surplus (or deficit) and can adjust your budget accordingly.

  2. creditcardfree Says:

    You are doing a great job!!

  3. LuxLiving Says:

    Are you negotiating beforehand with these old collection accounts so that your credit report is updated w/this as good news? Something like they'll list you as cleared?

    I don't know much about this as I haven't had any charge offs, but I do remember reading other people's accounts of it on here. I would be careful as you bring these up from the sludge that it does more things helpful than harmful on your credit reports.

    Other people here may have better advice on how to make sure you are doing it in such a way that your credit score is improved.

  4. Jerry Says:

    Congrats on your son saving some of his birthday money! That is a big deal, and it shows that his added age leads to some maturity, huh? I hope that we can also teach our daughter to treat money wisely, so that she can have some insurance of a bright future and avoid the pitfalls that I went through...
    Jerry

  5. HouseHopeful Says:

    Sounds like you're on the right track. Love the idea of the tin!

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