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Archive for September, 2011

APLE Paperwork

September 28th, 2011 at 08:22 am

DH finally got the student loan company to send the paperwork to the correct APLE office. They should be receiving it today. He is going to call APLE tomorrow to see if they received the paperwork and will process the loan forgiveness. That will get us $2000 off our loans.

Joined Credit Karma, New CD

September 14th, 2011 at 11:06 am

So I joined Credit Karma today. I really want to keep an eye on our credit score, and though I know Credit Karma isn't a FICO, I'm glad to have someone grading me.

I also started our new Home Down Payment CD. Got 1.25% on an 18 month CD. Not bad, but not great. I'm hoping these early experiences with crappy APYs will bias me to not take for granted a little extra money.

So a couple months ago I added a neat little guage to our Plan of Attack spreadsheet. I have one cell that calculates the percent we are through our working lives from when I graduated college until our potential retirement date. I have another that calculates how much we have saved in comparison to our savings goals. From these two I have created a Lump Over/Under cell that tells me how much money we have now over what we should be based on our percent working life. I also have another that calculates when this Lump Over/Under will run out.

Currently our surplus will last another 7 months. Once I add in our unallocated money, it will be closer to 24 months. Now this does not mean that we will make all of our goals on time (such as paying off DH's student loans in entirety in 9 months), but it is a hopeful sign.

Finished E-Fund Expansion

September 13th, 2011 at 10:44 am

So I was looking over our Plan of Attack, the spreadsheet that lists our life-long savings goals, and I realized that I had miscalculated our E-Fund needs. It turned out we needed $1000 less than I had calculated. After the change we only needed $77 more dollars. Since we are still recovering from DH's unemployment and haven't resolved his overpayment by his last job, I have an savings account of unallocated money that I was able to pull from to finish our E-Fund! It's now been expanded to cover our expenses once we have a baby! **Savings Dance**

So now we are focusing on saving for a car, which is only $1245.46 away from our goal, and then we can start setting aside money to pay DH's student loans when they come due in June. Woot! Still I'm not entirely looking forward to starting that phase of our monetary lives. We have $33,001 in student loans to pay off. That should be reduced any day now by $2000 thanks to loan forgiveness programs, but that's still a lot of money. We will just have to be patient and work hard!