Free Ebook and $813 Less Per Month
February 29th, 2008 by Ana
Well, today has good news and bad news. The good news: I figured out how to set up the free personal finance ebook for everyone to download about our multi-blog project from January, Money Matters For All Ages. Instead of hopping around over a dozen blogs, you can download it all in one spot! And I have set up a permanent page for it also, so it will be available as long as this blog is online. But here it is, fresh off the server (who gets to be first to download it?):
Downloaded a total of 317 times
Now for the bad news … as I mentioned in this morning’s post, hubby’s travel pay repayment has finally hit. This takes $392.45 out of our income for the next four months. Coupled with my reduction in the GI Bill stipend because I couldn’t fit enough classes in my schedule and got downgraded to 1/2 time status, which hit our income to the tune of $421.02, we will be receiving about $813 less per month for the rest of the spring. About the time hubby’s pay goes back to normal, I will be on summer break and not receiving the GI Bill stipend but able to pull more hours at either pizza delivery or whatever job I wish to find.
It’s a bit of a bummer to look at the hard numbers, especially after my organic chemistry test this afternoon. Of course, we will still be able to work towards the goal of putting together the fully funded cash emergency fund. We just won’t move as fast as we did for the past several months while working on finishing off our big ambitious debt elimination. For the past three months, we’ve had about $2500 above expenses to throw around. Now we have just been knocked down to about $1700 per month, which is admittedly still a significant number.
Eh, maybe I’ll feel happier after I run out and make some money tonight. Oh, and drop off my hourly paycheck from last week. That’s another interesting side effect of getting out of debt: I’m no longer rushing to the bank to deposits checks while hoping no payments hit before I get there! That sounds like good fodder for its own post …
Posted in budgeting |
February 29th, 2008 at 7:13 pm
Yeah but think of the good news. You’re riding on top of the compound interest steamroller now that you’re debt free.
No more getting rolled over by the steam roller. Welcome to the drivers seat!
February 29th, 2008 at 9:24 pm
Congrats on the EBook. My buddy Ciaran told me about this release earlier in the week and I’ve been anticipating its release. By the way, I stumbled here on a recommendation from a member of the My TMMO boards. I’m glad I did!
February 29th, 2008 at 10:20 pm
That is wonderful. Can you imagine how most people would react to losing $800/month in income? Most of us are too up to our eyeballs to do anything but panic. You can shrug and go back to organic chemistry.
You’re making me all inspired. Thanks.
February 29th, 2008 at 11:59 pm
Thanks, Ana.
I have downloaded the E book. Having children from ages 9 years to 22 years and being a not too financially competent father, this book would really help a lot.
Say thanks to your gang who contributed to the book.
March 1st, 2008 at 12:56 am
fathersez, not a problem
We decided to make it free so anyone and everyone can read it.
FrugalDad, yup, “Chance” has a post in it as well (I don’t try to butcher his name LOL) And now I am curious who directed you to my blog?
Susannah and Going Gazelle: Yes, it is the good news …but I was so looking forward to being able to breeze through BS3 because I am majorly impatient to get to the investing stage. More on that on the other side of sleep. LOL
March 1st, 2008 at 9:01 am
Yeah, can you just imagine the sinking feeling you’d get if you were still on BS 2? That would be so frustrating. It might mean your FFEF takes a wee bit longer, but hey, that’s so much better than it taking longer to be DEBT-FREE!
March 2nd, 2008 at 12:59 pm
A reduction in monthly income isn’t a BFHD if you have no payments on a bunch of debts haunting you! Congratulations on getting debt free before the reduced income.
I just have one li’l ol’ student loan payment left, a buzzing gnat, and I’d like to swat and kill that gnat ASAP. However, I’m in pile up cash for storm clouds on the horizon mode. I have the student loan balance + more than a baby emergency fund saved up, and who knows how much savings I’ll have piled up by the time the storm clouds clear and I start swatting.
Hopefully before my birthday July 3…I’d like to keep my debt slavery period down to 20 years…not creep up to 21.
Now if Bernanke could normalize some good interest rates, my savings account could power up and feed me more interest every month!!!
March 6th, 2008 at 6:36 am
Wow, thanks for sharing this important ebook for free . I hope i will learn something from here .