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The wagon: almost back on

August 5th, 2010 at 03:04 pm

Since I confessed my financial transgressions and overall sloppiness a few weeks ago, things have started to get a little better.

Money is finally going into the savings account every paycheck, and the credit card bill has been a bit lower.

My savings goals have still taken a giant hit thanks to the $5,000 hubby gave his friend. We are buying our planned for new car (a $14,821 Honda Fit. The payment will be $175/month for 3 years, although I have no intention of having the loan that long.) tonight, and since hubby gave away the down payment, I had to pull an extra $3,000 out of savings.

Thanks to this, I'm pretty sure I have no chance of making my $12,000 savings goal this year. We're pretty much treading water at this point. It's frustrating, because my plan has been to stockpile as much as we can while hubby is working, because in this economy, he could be laid off at any moment.

Feast or famine, you know? But, it isn't happening. Our college savings and our retirement savings are on track, but our liquid cash account is not.

I guess now I need to regroup and figure out what a realistic savings goal is for the rest of the year.

Posted in Uncategorized | 4 Comments »

4 Responses to “The wagon: almost back on”

  1. Miz Pat Says:
    August 5th, 2010 at 03:16 pm 1281021372
    1281021372

    Sounds like you are still working as hard as you can and actually meeting some of your goals, which shows discipline.

    Are you sure you need a new car? Would a used car work better for you. I have a honda civic that is 10 years old and I'm trying to devote money for maintenance instead of hoping for a new vehicle.

    Is hubby on board with your financial goals?

  2. ThriftoRama Says:
    August 5th, 2010 at 03:27 pm 1281022062
    1281022062

    We drive cars until they die, so buying a new one, especially one as low-priced as the Fit is worth it to us. We don't need another lemon, like the car the Fit is replacing. That thing was bought used and always had something major wrong with it, and each repair cost north of $700.

    We bought A Honda Civic new in 1997, and it is still going strong, 202k miles on it, and nothing has ever been wrong with it. We've replaced some tires and a muffler, and that's it. That was worth the money.

    Plus, since we keep cars so long, we really wanted our next car to be exactly what we want and need. We didn't find anything that was really right for us used locally. And, a used fit isn't really any cheaper than a new one.

  3. MomEsq Says:
    August 5th, 2010 at 05:04 pm 1281027850
    1281027850

    I feel your pain. I am also looking at re-grouping and seeing what I can salvage from my original goals for the end of the year and we're probably looking at a wash. Looking at your sidebar -you've got some good goals, and the great news is that you were able to make some headway on all of them. The year's not over yet! Smile

  4. creditcardfree Says:
    August 5th, 2010 at 06:13 pm 1281031983
    1281031983

    Good luck!!

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