Pay Day 15 (the one after the extended break)

Total applied to LOC:                              $1200

LOC Balance as of today:                   $6799.99

Applied to Emergency Fund:                   $1000 – I’m mentioning this because the fund was depleted, past $0, in the last few weeks. Cars, ugh.

Ok, deep breath and reset. Here. We. Go.

Making steady progress with the $1200 payment to the loan, refurbished emergency fund and still with some $$ in the bank. Feeling a little more stable than I have in a couple of weeks.

That instability was unsettling – I hadn’t felt that since before I started this journey. At Christmas this year, I mentioned to my partner-in-crime how great it felt to a) have a great Christmas and b) have paid it all in cash. This was not how I had done Christmas before, and man does it ever feel good to give when you have something to give.

However, just like the 20 degree weather 2 weeks ago (oh my – the bare white skin that was exposed by the ever-so eager Canadian!), against the -10 weather and snow squall today (WHERE are my mittens?!), the $2600 car repair bill in the last 2 weeks was a sharp reminder that I’m not yet out of the woods and am perilously close to losing all that I have gained in the last year.

This appears to be a theme for me at the moment. Last November I attempted my 3rd full marathon…attempted and failed. It was devastating, a true-setback in my mental well-being and confidence in what my body could achieved. I had put the training in, felt great (and a little emotional) on the morning of the race, the weather was perfect, the course a net down-hill – this should have been a PR in the making.

Alas, it was not to be. I’ll leave out the details, but in short my stomach could not stomach the race. After the first aid team circled me asking if I was ok, and I faked a very optimistic ‘YEP!’, I hit the next aid station and called it quits. Cried in the pick-up van on the way back to the finish line. Cried when I saw my boyfriend…and then cried when I saw my parents who had come to surprise me at the finish line of what should have/could have been a PR. That sucked.

After licking my wounds for a few days, making grandiose suggestions of ‘never again!’, I couldn’t resist the pull of my running shoes. There they sat, looking at me like forgotten puppies. They had done nothing wrong, I had done nothing wrong. That day was just not my day. And so, I re-set. And am still re-setting. Content(ish) to go back to half-marathon distance training and races. It works in my schedule, my commute, my family life. And still achieves my goals of being fit, healthy and achieving personal targets.

And so, just like the training, my debt repayment hit a blip. Delayed my end-date, moved my target, and made me re-think the goal. Which, as it turns out, is still the goal. This is good news, and so all I have to do is re-set the training/debt-repayment to make the goal. So easy!! (hahahahahaha!)

As always, the reminder is to tell your money where to go, and then make sure it goes there.  

Left foot, right foot, repeat until you hit the goal.

 

 

 

 

2 steps back yadda yadda yadda (+a net worth update)

Let’s get this started.

The numbers:

Total applied to LOC:        $7208.82 – this is since the last update in October 21

LOC Balance as of today:  $7999.99

Car Loan:                               $0 – the car loan balance was moved to my line of credit..no, not for the interest (because it’s going to sit there for so little time the interest doesn’t matter, even though it is lower than the loan), but because making random payments is easier to my LOC as it is with my bank and easily accessible via online banking.

This is a disappointing post to me for two reasons:

  1. It’s been so long since I’ve updated and I have made amazing progress since then.
  2. That progress has been hampered by a $2600 bill for car repair  in the last week

I had myself scheduled to be 100% debt free at the end of March, and now if I push it’ll be the end of April. Yes, that is great, but I still feel a little disappointed. But, at 215,000kms my Ford Edge has treated me well and so it’s about time I treated it well since it is the last debt and I’ll be keeping the car for as long as possible.

My net worth is still tracking along, but took a hit with the extra car costs too. Thank goodness for emergency funds, rental house income and health benefit returns!

Drum roll please……

Networth as of today: $128,961

This is more than $50k above my last posted networth. Badda BING!

And this is why I should have been writing all along. Seeing the numbers in black and white, the progress in black and white, makes the small step backwards this week just a little less painful.

So, I guess that means you should see me here more often in the coming weeks and months!