[-$86,743] Why I Want a One Year Emergency Fund

one-year-emergency-fund

In my 2017 Goals post I mentioned that my ultimate goal for my emergency fund was to save 1 year of living expenses.

You may wonder why I want so much in savings. I’m single. I don’t have any dependents, and I live rather frugally. Simply put, I want more because what I have saved so far doesn’t align with my goals.

life_preserver-old
My current 2.5k mini-emergency fund is a needed life line, a life preserver, should something unexpected, yet minor happen in my life. The life preserver doesn’t look pretty, nor does anyone using it; but that’s not the point. The life preserver has only one job, to keep your head above water until you’re out of danger. It does not provide comfort or space/buffer from the danger.

This level is savings is fine for some, particularly those who have a relatively low amount of debt compared to their income and who will be out of debt in a relatively short amount of time (less than one year). This is where my savings are now, and I’m seeing that this is not enough. Read More

2017 Goals for Double Debt Single Woman

2017-goals-ddsw

HAPPY NEW YEAR!

The new years bells haven’t even stopped ringing and yet I’m already posting about goals, because, well,  that’s what you do at this time of year.

See my past January goals and December check-in posts here:

2013 Goals  |  2013 Year End Review

2014 Goals  |  2014 Year End Review

2015 Goals  |  2015 Year End Review

2016 Goals |  2016 Year End Review

happy-new-year-png-file

DOUBLE DEBT SINGLE WOMAN GOALS FOR 2017


ONE
–  Pay down my student loan debt from $88,935 to under $65,000.

This is Read More

Goodbye 2016: The Year in Debt Review (+ Net Worth)

bye-2016

It is that time of year again. Check out my past reviews:

  •  2014 Year in Debt – I still want to be the ‘umm, no’ cat in that post when I grow up.🙂
  •  2015 Year in Debt – What an emotional and financial roller coaster! It was a year of health and job loss scares.

 

2016-clipart

In 2016, I started off the year with worthy goals and lots of optimism. In January, I got hit with a $750 bill for short term disability over-payment because my employer hadn’t calculated taxes properly following my surgery in 2015. Next, I paid off the last bit of medical related credit card debt and was now credit card debt free AGAIN. In February, I had a temporary panic about potentially losing my cheap (for this area) rented room. Panic is the right word, given that so much of my potential to make progress on this debt hinges on my ability to continue paying below market rent for my room.

By March, I focused my attention on my student loan debt. As the Spring season began, Read More

[-$88,786] I’m in the 80’s! Let’s Keep This Train a Rollin’!

love-80s-1

 

Finally! Goodbye to the 90’s, which became as worn out as a pair of (MC) Hammer pants. Woohoo! Welcome 80’s, although I don’t want to stay here as long as I stayed in the 90’s.

Current stats from my lender:

Balance: $88,786
Term Remaining on Debtor’s Prison Sentence: 3 years and 5 months
Current (variable) Interest rate: 3.59%  
(up from original rate of 3.42%)

Pull out the cassette tapes!  Here’s a Read More

[-$90,989] The Information Diet: Being Mindful of the Information We Consume

info-overload-junk-info

Are you suffering from information overload?
Is the news / media making you depressed, agitated, or angry?
Do you feel mentally sluggish resulting in low productivity and drive?

info-overload-content

You may have infobesity caused by consuming an ever growing surplus of poor quality ‘infotainment’ and propaganda passing as substantive news and an addiction to brain rotting sugary celebrity gossip and reality TV fluff.  Read More

[-$90,831] A Bit of Good News!

career-woman-promotion

I know I can go a long time between posts. Before last week, I’d been super busy at work, in another crunch period working late evenings and weekends.  Things have lightened up a bit for now, but there will be another crunch in December before the holidays.

Talk about timing! In one of my recent posts I talked about learning to appreciate my job.  Well, I just Read More

What a Night, America

fightingdonkeyelephant

Whether you’re crying in your beer or popping champagne right now, big change is coming to America.  Get ready.

Fortunately, so far there have been no reports of violence directly related to the election.

Looks like my financial wish didn’t happen. The off-hours futures market dropped over 750 points. Trading had to be halted for a short time as a market crash safeguard. It will be interesting to see how the world reacts when US markets open in the morning.

Give a hug to someone you love.

Goodnight.

 

[-$93,078] Scary Things…and Good Things

scary-things

I would have posted this for Halloween, if i’d had the time as there are scary things lurking about.

ONE. The prospect of rioting or terroristic activity following the election outcome, or worse, an unclear presidential election outcome that causes the process to drag on even longer. I don’t need to explain why that is Read More

[-$93,051] Why Startups are Not for Me and Why They May Not be for You Either

startup-not-for-me

There are now a few startups in the neighborhood where I work. I see the young employees, bright and trendy, swishing by while glued to their phones and social media profiles, and feel like I’ve missed the boat. I wish I could have had experiences like that when I was in my 20’s. I feel a little jealous, and yes, old. I’ve seen all the big IPO news stories over the years and wish I could have had that excitement too.

Over the past year, tired of feeling left out, I’ve sent out several resumes to advertised positions at startups, with very few positive responses. Most of the time I got silence.  A while back, I got an actual email rejection, which was a nice change. I didn’t understand why I wasn’t even getting a phone screen when I met all the qualifications.

I managed to Read More

[$-92,864] I’m Back from My Vacation! The Good, the Bad and the Fallout

back-from-vacation

I’m baaaack!
And you missed me!  :heart:

Sorry for taking sooo long to reply to your comments. I was out of the country so I turned off apps, etc., to limit data usage. Thus, I was not getting notifications that there were comments. Duh!   I thought I’d literally bored you guys to death with my previous posts; or that no one had anything to say.  Boy was I wrong. Thanks for checking up on me.

before-and-after-vacation

My Vacation

The Good
I FINALLY did it. Read More