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I Financed my Computer

September 22, 2014

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28696023_0c6aae4634_oSo I’ve told you all about my tough month this month, with a car repair for $325, a new computer for $375, a new internet router for $80, and a new pair of workout shoes for $55. It has been a tough month, but I’m proud to say that other than those things I’ve been pretty good. I am a little over on my grocery budget, but I knew at the beginning of the month that I might be because of my Paleo challenge.

Anyway, I have some unfortunate news about all these purchases. I ended up paying for most of the car repair out of my EF (all but about $40 of it), but everything else was put back on my credit cards. The internet router and workout shoes were charged to CC#4, which is also delaying my progress on getting that debt paid off, but I’m still hoping to crack down and pay it off in November. The $375 for my computer was financed on CC#8 with a 12 months no interest promo deal.

My current plan to get this paid off within the 12 month period is to add together my current minimum payment on that card ($36) and the amount I’d need to pay monthly in order to get the promo paid off in time too (about $31.25) for a total monthly payment of $67.25. The rest of $110 snowball ($78.75) will be put toward paying off CC#4.

On the EF front, I haven’t updated my balance on my sidebar yet as I’m hoping to put some extra money back into my account at the very end of the month. I’m hoping to get ahead on my side hustles and get some of that income a couple of days early so I can put it in my EF before the last day of September when I report to you my monthly progress, but we’ll see what happens. I know that my EF balance will be down for this month, I’m just hoping to minimize the decrease as much as possible, so I’m going to hustlin’ hard these last few days.

How’s September been for you so far? Have you blown your budget?

*Part of Financially Savvy Saturdays on brokeGIRLrich and Shoeaholic No More*

Photo courtesy of: Chang K. Kim

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Kayla

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

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32 responses to “I Financed my Computer

    1. Yep! There’s no way I’m going to delay and have to pay interest on that $375. I’m going to get it paid off for sure, while still making the minimum on the “regular” balance too.

  1. I wouldn’t beat yourself up over a $375.00 notebook purchase. Heck, you might even make enough money with your notebook over the year to pay for it with freelance writing or some other skill.

    1. In the link I provided, I talked about the fact that I got the computer because I need it for my side hustle and I know I can make that much back in a month (or two). Plus, it really helped increase my efficiency. 🙂

  2. You’re working hard and being diligent, so cut yourself some slack on this one. And as you’ve pointed out, the computer is practically a basic necessity for you.

    I had an unexpected veterinary appointment ($286 – ugh) this month, plus the cost of new contacts, which will come to almost $500 for a one-year supply, when all is said and done. (Only $240 of that hit my budget this month, though.) It’s just awesome having terrible and difficult-to-correct vision.

    1. I have the same vision issue too. I just bought my first set of contacts for $120 in August. Ugh! I’m not upset about the computer too much, but I’m sad that I had to charge some of this stuff 🙁

  3. I have completely blown it already, but as long as we keep on aiming to our final goal – we should be good right? The little set backs, I feel like, I need it for my sanity!

  4. It looks like you made really thoughtful decisions about how you paid for those unexpected expenses and that’s all you really can do. And it’s great that you’ll be able to pay off your computer without paying interest too. It certainly has to help make it a bit easier for you. And where has September gone? I swore it just started and now we’re winding down.

    1. I know! I can’t believe the month is almost over. Ahhh! I don’t feel like I’ve made as much progress as I’d like, but that’s how it goes sometimes.

    1. It does happen. Hoping to get it paid off quickly and get back on track. Praying for no more car repairs, etc for a while!

  5. September was a weird month for us. We didn’t really overspend, but it felt like it. We have a summer emergency fund. I don’t receive a regular pay check through the summers, so it was a very likely scenario that we’d have to dip into it. But something amazing happened: we didn’t. Until September, that is. We almost made it! So now we’ve got to build that back up again.

    1. I understand what you mean. I went over in September, it was a tough month financially. But, I’m hoping to get back on track in October so I can still get CC#4 paid off in November!

  6. I’m definitely in budget limbo right now. Whenever I side hustle doing props shopping, I wind up fronting the money until I get my receipts in order and turned in. So until I finish shopping and do that… my credit card bill looks very, very angry.

    Otherwise I think I actually did ok budget-wise. I ate out a little more than I should’ve but not like it’s the end of the world or anything.

    1. Yeah, I understand about fronting expenses until the $$ comes through. Sometimes when I travel for work I have to do that and it makes my budget look scary until I get back and they reimburse me.

  7. You’ll get there — just double-down on the effort (which it sounds like you have been!) and you’ll catch back up. From my experience — and of course your mileage may vary — if you can get that emergency fund up a little higher it’ll help. It won’t change the fact that stuff comes up, but reduces the likelihood of you having to turn to the cards — and for some reason adding to a credit balance was harder for me emotionally than replenishing the EF.

    But from what I can see in your blog you’re doing a great job hustling in the $$ and are turning your ship in the right direction. Keep your head up high and know that we’re cheering you on!

    1. Thanks Jean! Yeah, I’m trying to get my EF up a little higher each month. Hoping to get around $2k until the debts are gone, then I’ll save up to 6 months of expenses (at least that’s the plan).

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