Transfer Tuesday December 7, 2021

 

 

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keep us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

MONEY MOVES THIS WEEK

Previous balance on last Transfer Tuesday Post    $63,806.00

 Finance Charge: $117.24

New Balance: $63,996.18

Minimum Amount Due: $247.49

Minimum Payment: $247.49

eBay gross earnings  10%     $32.00     

New HELOC Balance:   $63,526.51

When we started paying down the debt in Sept 2019 we were at $95,853.00

Short Term Savings: Our short-term savings account is a "Keep the Change" account.  BOA will round up debit purchases and send the round up amount to the savings account.  The account previously was a little over $1300.00.  When we bought out our phone contract, we needed to spend $300 to cancel the account and move it over to Spectrum for a much lower monthly bill. 

Invest:  M1finance account which I have named our future vehicle replacement fund.  The balance is currently $3798.32

We are sending $200 from recent sales that have taken place on different platforms to include Etsy, Mercari, and eBay to this account which will bring the balance up to $3998.32.  As this is a taxable brokerage account the balance will fluctuate.  

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday 10/26/2021 Paying Down Debt,

 

 

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keep us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

MONEY MOVES THIS WEEK

Previous balance on last Transfer Tuesday Post    $63,878.00

 Finance Charge : $118.18

New Balance: $63,996.18

Minimum Amount Due: $247.74

Minimum Payment: $247.74

eBay gross earnings  10%     $15      

New HELOC Balance:   $63,733.44

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday: Paying Down Debt 10/19/2021

 

 

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keep us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

MONEY MOVES THIS WEEK

Previous balance on last Transfer Tuesday Post  $63,893.00

eBay gross earnings  10%     $15         

New HELOC Balance:   $63,878.00

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday: Paying Down Debt 10/12/21 Better Late Than Never

 

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free .  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

MONEY MOVES THIS WEEK

Previous balance on last Transfer Tuesday Post  $64,058.42

eBay 10%     $15    

Posh, Mercari, Bonanza Payout $150.42             

New HELOC Balance:   $63,893.00

We have chipped away $30,000.00 since September 2019

Every little bit helps.  

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday Paying Debt 10/12/21 Better Late Than Never

 

                   

                             

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free .  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 

MONEY MOVES THIS WEEK

Previous balance on last Transfer Tuesday Post  $64,058.42

eBay 10%     $15    

Posh, Mercari, Bonanza Payout $150.42             

New HELOC Balance:   $63,893.00

We have chipped away $30,000.00 since September 2019

Every little bit helps.  

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday 9/21/2021 HELOC, Paying Down Debt, Consistently Inconsistent

   

                   

                             

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free .  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and/or to my taxable investment account every Tuesday. 


Previous balance on last Transfer Tuesday Post  $ 65,661.95

Money Moves This Week: 

Cashed out a low interest earning CD $1000.00

Sending cash from my eBay account      $61.95 

 

                                    New HELOC balance:  $64,600.00

We have chipped away $30,000.00 since September 2019

Short Term Savings: 

 

BOA Keep the Change Savings Account       Previous $1101.00

Monthly Auto Transfer $25

Round Up to the Round Ups  $5                     New Balance $1131.00

Investments: 

M1Finance                                                 Previous Balance: $3459.59

                                                                   Current Balance    $3343.43

There have been no withdrawals, just fluctuations in the market. 

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

TRANSFER TUESDAY JULY 13, 2021

 

                   

                             

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt and slide into retirement debt-free .  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my deceased mom's house that is currently being used as a rental. At that point, we will pay off the rest of the balance.  Until then, I will be sending in payment to this debt and to my taxable investment account every Tuesday. 

My last Transfer Tuesday was  July 6, 2021

Previous balance on last Transfer Tuesday Post   $67,082.46

Money Moves This Week: 

 

eBay 10% of weekly payout $32

Etsy $37.22 

 

Cash Rewards Payouts have all been deposited to our banking account. 

 GetUpSide $72.55

BOA CC Rewards His: $66.78

BOA CC Rewards Hers: $44.20

TOTAL $183.53

Sending $100.00 to my M1 Finance account.  M1 will spread the payment between my first Pie (stocks I selected) and VTI (Vanguard Total Stock Market ETF) 

The balance as of this morning is $836.46

I also have a savings account with M1Finance. That side currently has $396.39 in it as of this morning.  This account may be a landing spot for future Required Minimum Distributions (from an inherited IRA) as the interest is currently 1%. The savings account this is currently being used has a rate of 0.01%.

And  I will be sending $152.75 to the HELOC

The NEW balance will be  $66,929.71 I will be sending in at least $0.71 in too.  The cents drive me bananas.  I like it to have no cents showing. 

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

FICO 805 _BOA

TRANSFER TUESDAY 6/29/2021

                   

                             

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

Our only debt is a HELOC with an interest rate of 2.24% The minimum monthly payment goes towards the PRINCIPAL and the INTEREST.   I am chipping away at the balance until we sell my mom's house that is currently being used as a rental. At that point we will pay off the rest of the balance.  Until then, I will be sending in payments every Tuesday. 

My last Transfer Tuesday was   June 22, 2021

Previous balance on last Transfer Tuesday Post   $67,951.00

We incurred a monthly service charge of $130.96

The updated balance is $68,061.96

Money Moves This Week: 

Regular Payment of $750.00

Payout for PoshMark of $38.00

Paying 10% of gross June Sales from eBay: $166.42

The NEW balance is $67,107.54

When we started paying down the debt in Sept 2019 we were at $95,853.00

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday June 22, 2021

  

                   

                             

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

My last Transfer Tuesday was  June 1, 2021

Previous balance  on last Transfer Tuesday Post   $68,698.00

Payment of $747.00  VALIC payout (The check FINALLY arrived yesterday) 

Total $747.00

New balance   $67,951.00

When we started paying down the debt in Sept 2019 we were at $95,853.00

Upcoming Money Moves:  Redeem Credit Card Rewards from BOA $237.99 - Transfer in progress SIDE NOTE SENT this to M1 finance checking (1% interest APY) 

Poshmark payout $38.04 is being moved from Posh to Checking account ( in progress)  will apply to next week Transfer Tuesday. 

How was your Transfer Tuesday? 

My inspiration for Transfer Tuesday is Pennies Not Perfection

Transfer Tuesday 6/1/2021

 

                      

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

My last Transfer Tuesday was  May 25,2021

Previous balance  on last Transfer Tuesday Post   $68,782.38

Payment of $2.38 sent ( I like it when it ends in zeros)

Payment of $70.00 made from earnings on MERCARI

~~Ebay sales were insignificant this last week. No payment this week. 

 

Total $72.38

New balance   $68,710.00

When we started paying down the debt in Sept 2019 we were at $95,853.00

My inspiration for Transfer Tuesday is Pennies Not Perfection

UPDATE: I received an email that the account was closed and funds released. The check should be here for the next Transfer Tuesday. 

Future Money Moves: Submitted paperwork to cash out a small VALIC ($996.00) account from a previous employer. When that check arrives and is deposited I will put 75%  (747.00) towards the HELOC.  I am unsure how long it will take to close the account, hopefully not too long.  

Transfer Tuesday 5/25/2021

 

                      

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

My last Transfer Tuesday was  May 18,2021

Previous balance  on last Transfer Tuesday Post   $69,962.00

Current Balance as of today $70,092.38 (Monthly Finance Charge $130.38)

Monthly Payment due 268.65 ( Mid June 2021)

Payment of $1246.00 Monthly Payment 

Payment of $38.00 made from earnings on MERCARI

Payment of   $26.00 (10% weekly gross ebay sales)  eBay 

 

Total $1313.00

New balance   $68,779.38

When we started paying down the debt in Sept 2019 we were at $95,853.00

My inspiration for Transfer Tuesday is Pennies Not Perfection

Future Money Moves: Submitted paperwork to cash out a small VALIC ($996.00) account from a previous employer. When that check arrives and is deposited I will put 75%  (747.00) towards the HELOC.  I am unsure how long it will take to close the account, hopefully not too long.  

With the payment of $1313.00  I was able to color in 3 3/4 of the pieces on my Debtris sheet.  

See you next Tuesday! 

Transfer Tuesday

                      

Hello Tuesday!  This is the day that we make an extra effort to pay down our debt.  Most every Tuesday we apply extra cash (whether it be BIG or small) to our outstanding debt.  This helps keeps us aware of and accountable for our debt. And it all makes a difference.

My last Transfer Tuesday was  May 11, 2021

Previous balance  on last Transfer Tuesday Post   $70,314.00

I downloaded a new (FREE) debt tracker this weekend. "Debtris" reminds me of when I had chickenpox 30 years ago and I played Tetris during my recovery. Anyway, the tracker is fun and I like visuals to keep me on track.  There are 200 pieces of the puzzle and each piece is valued at $352.  The tracker has four levels and each level is valued at $17,579.

Today's payment is a payment towards the principal and my first puzzle piece of the game.  I moved $352 from eBay earnings to the HELOC and now the new balance is below $70,000.00

Most of my online sales took place on the weekend and the funds have not yet been transferred to the online checking account. Next week there will be more to share with payments from the other venues.  I was super excited to get the balance below $70,000, and that will change with the next bill and the interest charged, but for now, I am enjoying the small accomplishment.  

 

Total Payment $352.00  (from eBay earnings account)

New balance   $69,962.00

When we started paying down the debt in Sept 2019 we were at $95,853.00

My inspiration for Transfer Tuesday is Pennies Not Perfection

The interest rate is 2.24 percent. We refinanced the HELOC because the first loan was INTEREST only. That was a mistake to learn from. The new loan (started Jan 2021) applies half of the payment to the INTEREST and half to the PRINCIPAL.