Saving & Finances

[proactive Senior MemberMember of the Month ? 2017 Find all posts View Profile Close proactive]

My credit score is good right now, over 800. Two days ago I received a bill that had a final notice on it. Pay or be sent to collections.

I have a grind with this bill. Last april I contacted this naturopath doctor requesting medical records for one of my boys my wife had taken there. Secretary contacted me a bit later and sent out the records. With a bill for $23. I responded to her with a letter explaining that there was no talk of any fees or charges for the records and I wasn't going to pay the bill. So now many months have passed since then. I receive the second bill with a bunch of finance charges added on. Now the bill is $101. With the threat of collections.

So last night I filed a complaint with the better business bureau.

Does this bill sound weird to anyone else, or is it just in my head?

To complicate it more, this lady doctor "witch doctor" is going to testify on my wife's behalf in our upcoming divorce trial. Which I'm sure has something to do with all the billing crap.

[TheGreatDivider Senior Member Member of the Month Dec 2015 Find all posts View Profile Close TheGreatDivider]

Time to bring this thread back to discuss more fun financial topics.

I just got a notice from my university reminding me I have to pay $434.88 or I will be dropped from my Summer classes before they start and not receive any grades for the first s semester. I only have $250 in my bank account and about $145 in cash. I can borrow the rest of the money but I really have to start saving more money next month.

[proactive Senior MemberMember of the Month ? 2017 Find all posts View Profile Close proactive]

Time to bring this thread back to discuss more fun financial topics.

I just got a notice from my university reminding me I have to pay $434.88 or I will be dropped from my Summer classes before they start and not receive any grades for the first s semester. I only have $250 in my bank account and about $145 in cash. I can borrow the rest of the money but I really have to start saving more money next month.

Budget!

[proactive Senior MemberMember of the Month ? 2017 Find all posts View Profile Close proactive]

I am entering a new phase in my financial life. I like having few bills and not owing people anything. There are exceptions like buying a house.

Well I am in some serious divorce debt to my lawyer. Probably be about $35,000 I still owe him and about $35,000 that I've paid. I already borrowed $10,000 from my father to pay some of the debt. He's not wanting it back. So now I have borrowed $10,000 from my grandma to go toward the 35k bill. My sister started a go fund me account and raised $1.600 for me. Humbling.

Now I am no high roller. I make 50-60k per year. I live frugal. I am comfortable where I am.

Just starting a larger job which will generate a steady income for the next 9 months. Borrowed $8,500 from the people I am working for to buy a skid steer. Then I am renting it back to them with hopes of paying off a good chunk of that money.

So I am being stretched in many different directions. Some are risky for me. Hopefully within a year I should be back at zero debt and have some new equipment in my arsenal. That is my goal anyways. Then probably look at buying a new house. And back to debt.

The lawyer said I could pay off the bill for the rest of my life. My terminology.

[TheGreatDivider Senior Member Member of the Month Dec 2015 Find all posts View Profile Close TheGreatDivider]

Budget!

Yep. I'm just glad I thought ahead and waited on a few unnecessary expensive purchases. I paid all my bills in advance, bought my book for class starting non Monday ahead of time, and stocked my fridge ahead of time. So this month won't be too bad... Next month though, I'll will have to pay two months rent.

[TheGreatDivider Senior Member Member of the Month Dec 2015 Find all posts View Profile Close TheGreatDivider]

$70,000 for divorce. Wow, that's a steep price for your freedom!

[Pegasus AdministratorPE Gym EditorPEGym Hero ☺ Admin of the Month Mar 2015 Find all posts View Profile Close Pegasus]

$70,000 for divorce. Wow, that's a steep price for your freedom!

No.

[Dr Nemo Senior Member Member of the Month May 2018 Find all posts View Profile Close Dr Nemo]

1. Don't go into debt; if you are in debt, focus on getting out of it.

2. Only purchase high quality things that will last you a lifetime. Don't buy expensive junk, which is what most people do. Don't be "most people" in this or in most other ways.

3. Live way below your means. The Micawber Principle: "Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

4. Know the difference between money and currency. This is especially important at this time in history.

5. Know the difference between speculating and investing.











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[Dr Nemo Senior Member Member of the Month May 2018 Find all posts View Profile Close Dr Nemo]

As I say, careful with debt....



https://www.youtube.com/watch?v=Tq8R3Yl5oMw

[Jay1983 Senior MemberMember of the Month Apr 2014, Sept 2016 Find all posts View Profile Close Jay1983]

Active income...

Passive income...

[Chungungo Senior Member Find all posts View Profile Close Chungungo]

Try to keep my money the safest possible and learn more about investing in general.

[TheGreatDivider Senior Member Member of the Month Dec 2015 Find all posts View Profile Close TheGreatDivider]

I don't know how I've done it but I have managed to cut my food expenses down to just $5 a day cooking at home.

Right now I have a large pot of root beer BBQ baked beans on the stove with a large pork shoulder roast simmering in au jus in the oven. Later I'm either going to make bread from scratch or corn fritters to go along with it.

Best part is I'm losing weight eating whatever I want but not going hungry.

[TheGreatDivider Senior Member Member of the Month Dec 2015 Find all posts View Profile Close TheGreatDivider]

I spent my last $12.50 on my bank account today to prevent an overdraft fee of $46.06.

Now I'm flat broke but I feel pretty good about it.

[luweesz Senior Member Find all posts View Profile Close luweesz]

Save like 40% of my after-tax income to investments and 20% to an emergency fund. Leaves me to scrimp at 40% for everything which is I guess manageable