Well, prior to this whole discussion
I found a good deal on a discount software website. Because I am working on getting my ebay business going, I went ahead and purchased the Quicken home and business 2013 for 39 dollars. This version was listed as over 100 if I bought directly from the company. I bought the CD rather than downloading it and have not installed it yet. It just came on Thursday and I’ve been super busy since then.
I guess I’ll see how bad the bugs are. There was a time when I used Quicken, but when mint came around, I switched to that. I’d say that it’s been at least 7 years and the last version that I had was probably 2004.
In other news, we have a plan for our snowball. If we are able to put as much extra towards it as I am hoping that we can, we should have all of the credit cards paid off in two years. It’ll take another two years to pay off her student loan.
So that we have something to work for, I am using my ebay profits to pay for kids’ activities (including lessons and such) so that keeps me motivated to build it up. I know that DR would say that this is a waste of money, but my 5 year old is a very talented gymnast and wants to compete. She will not be competing until next year, but once she does, gymnastics is not a cheap sport. My goal is to be able to pay for it and more without digging into money from our regular jobs. Luckily, she attends a very good gym that is a very good value for the money. Other places charge double what we are paying. She gets 4.5 hours a week of practice for 150 a month.
Anything more than that is extra to go towards the snowball. Right now, I have a lofty goal of putting 500 extra on the snowball each month and 2000 from tax refunds. Having the credit cards paid off in two years is dependent upon being able to do that. Otherwise, if we paid only the minimums, we’d be looking at more like 10 years.
When I broke down the numbers this way and shared them with my partner, she was totally on board. So, the key is going to be keeping motivation up for both of us.
The budget has been pretty hard to pin down. I keep forgetting categories and I am struggling with what areas to develop sinking funds. We have had a sinking fund for Christmas for over a year, but that is the only one that we have. I can think of other areas, but I really want to pay off the credit cards so I don’t want to put so much money towards funds that it takes away from the snowball. It’s been a little tough because our current net income is variable due to my partner’s furlough (which I am excited to say was just shortened) and my higher summer pay (in the summers, only taxes are taken out – health insurance, etc. is not). Once fall comes and my partner’s pay is back to normal, I am hoping to pin down a zero based budget.